Indonesia set to shift US$61b of state assets into new fund that reports directly to PrabowoIndonesia is poised to shift at least US$61 billion (RM272.91 billion) of state assets into a powerful new investment fund that reports directly to President Prabowo Subianto.
The new entity, Daya Anagata Nusantara, or Danantara, will oversee dividends from state-owned enterprises, and have broad control over capital injections and restructuring, according to draft legislation seen by Bloomberg. It will fall under the authority of the president, and assume some power from the State-Owned Enterprises Ministry, the draft showed.