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Investors bullish on coal stocks despite harsh market thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
Last year’s global stock market rally and uncertainty about the economic recovery has many retail investors wondering whether it is time to shift to other asset classes. The Jakarta Post has asked investment professionals in Indonesia for their views on how to arrange a portfolio for the year ahead. ....
Tuesday, 16 Feb 2021 03:20 PM MYT Finance Minister Sri Mulyani Indrawati, who heads INA’s supervisory council, told a news conference that Jokowi had said the fund must be managed to avoid the fate of 1MDB. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. JAKARTA, Feb 16 Indonesian President Joko Widodo today named a senior banker, Ridha D.M. Wirakusumah, as the chief executive of the country’s new sovereign wealth fund, which has a target of managing US$20 billion (RM81 billion) and financing infrastructure projects. Jokowi, as the president is popularly known, also named other professionals for posts on the board of directors of the fund, the Indonesia Investment Authority (INA). ....
Ridha D.M. Wirakusumah. JAKARTA (Reuters): Indonesian President Joko Widodo on Tuesday (Feb 16) announced the appointment of a senior banker, Ridha D.M. Wirakusumah, as the chief executive of the country s new sovereign wealth fund, which has a target of managing US$20 billion in funds. Jokowi, as the president is popularly known, also named other professionals for posts on the board of directors of the fund, the Indonesia Investment Authority (INA). The INA aims to attract foreign funds as co-investors, unlike some funds set up by other countries to manage oil revenues or foreign exchange reserves. There has been scrutiny over the governance of INA particularly in the wake of a corruption scandal and massive losses involving neighbouring Malaysia s 1MDB fund. ....