The recent drastic budget cuts were a surprise, given that Prabowo had signaled he would pursue an expansionary fiscal policy.

Prabowo says he will feel ashamed to face the Indonesian people to run for president again if his current presidency is a ...

It will consolidate funds from state-owned enterprises and use them for strategic projects, such as in renewable energy.

Dissent against his new government has appeared in the form of student protests and the possible emergence of an opposition ...

Called Daya Anagata Nusantara or Danantara, it is a superholding set to consolidate all state-owned enterprises (SOEs) and is ...

Indonesia launched a sovereign fund, which is expected to boost growth of Southeast Asia's biggest economy, on Feb 24.

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, ...

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as ...

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, ...

From office lights switched off to out-of-service lifts, Indonesian civil servants are feeling the pinch after President ...

Not to be outdone, the Philippines created its own state-owned investment vehicle, the Maharlika Wealth Fund. After a few ...

PRESIDENT DONALD TRUMP: We're going to create a lot of wealth for the fund. And I think it's about time that this country had a sovereign wealth fund. MARTIN: But what exactly is a sovereign ...