US invests 2 billion USD in Indonesian sovereign wealth fund
CEO of the US International Development Finance Corporation (IDFC) Adam Boehler has signed a letter of interest to invest 2 billion USD in the Indonesia Investment Authority (IIA) or Sovereign Wealth Fund (SWF) in Washington D.C.
Jakarta (VNA) - CEO of the US International Development FinanceCorporation (IDFC) Adam Boehler has signed a letter of interest to invest 2billion USD in the Indonesia Investment Authority (IIA) or Sovereign Wealth Fund (SWF) in Washington D.C.
In a statement,the Indonesian Coordinating Maritime and Investment Ministry said within theframework of the economic reform programme, the Indonesian Government continuesdeveloping financial choices and private investment in national strategicprojects and other priorities, thus enhancing economic ties between the US andIndonesia.
Accordingly,IDFC will cooperate with partners from Japan, the United Arab Emirates andSingapore.
The IndonesianGovernment set the goal of establishing the IIA in January 2021 to enhanceinvestment and support the economy amid the COVID-19 pandemic.
In earlyOctober, Indonesian Finance Minister Sri Mulyani Indrawati said the IndonesianGovernment has prepared an initial capital of 75,000 billion rupiah (5.1billion USD) for SWF, including 30,000 billion rupiah in cash and the remainderin the form of shares in State-owned enterprises and other State assets./.
The Indonesian government has set an economic growth target of 5.6 percent in 2020, up from the 5.3 percent targeted this year, said Coordinating Minister for the Economy Airlangga Hartarto.
US Secretary of State Michael Pompeo and Indonesian Foreign Minister Retno Marsudi discussed bilateral defence ties and regional tensions over China’s claim that it owns most of the South China Sea (called the East Sea in Vietnam), the US Department of State said in a readout of the conversation on August 3.
Themed “emerging trends in terrorism and violent extremism”, the event drew over 200 participants from domestic and international agencies, discussing the rapid evolution of terrorism and the need for stronger regional and global cooperation.
Indonesia aims to start nuclear power generation by 2034, with a government roadmap already in place to develop small modular reactors (SMRs) with capacities ranging from 300 to 500 megawatts.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In Indonesia (Photo: Internet) 
