Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief

AI Summary

Indonesia's Danantara sovereign wealth fund aims to demonstrate its long-term value by outlasting political administrations and supporting major financial infrastructure projects, including demutualisation of the Jakarta stock market and creation of a financial center in Bali to boost investor confidence.

Indonesia’s Danantara must outlive political administrations to prove its worth to investors and most importantly to the people, according to the sovereign wealth fund’s chief investment officer. Pandu Sjahrir said the fund was focused on the demutualisation of Jakarta’s stock market and to support the establishment of the first financial centre in Bali to boost investor confidence. “Investment is almost everything for us. Confidence is the name of the game, and we have to create long-term...