Waiting for the Investment Promises
Monday, 4 October 2021
After nine months of operation, the Indonesia Investment Authority (INA) has yet to realize investment projects boasted by the government. It is seen as little more than an asset manager.
THE puzzle of the Indonesia Investment Authority (INA) was slowly untangling on Monday, September 27. That afternoon, in a meeting with the House of Representatives’ (DPR) State-Owned Enterprises (SEOs) Commission, Deputy SOEs Minister Kartika Wirjoatmodjo divulged plans for the gradual utilization or recycling the assets of Waskita Karya. “We are in discussion with SWF (sovereign wealth fund) INA for several other segments,” Ka...
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