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Investors bullish on coal stocks despite harsh market

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.

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Investing in 2022: Omicron, the Fed and your age matter

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.

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To avoid fate that befell Malaysia's 1MDB, Jokowi names Indonesia banker as CEO of sovereign wealth fund targeting US$20b | World


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
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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).

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Indonesian banker named CEO of country's new sovereign wealth fund


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.

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UPDATE 3-Indonesia banker named CEO of sovereign wealth fund targeting $20 bln

* Sovereign wealth fund will focus on toll roads - new CEO (Adds comments by new CEO, finance minister)

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