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Indonesia Investment Authority
The Indonesia Investment Authority (INA) is the sovereign wealth fund of Indonesia. The INA was founded by the Indonesian Government in 2021 to strengthen the country's economy by diversifying into new asset classes. INA was launched in February, 2021, with a target of managing $24.5 billion of assets. Unlike sovereign wealth funds of other countries which manage excess oil revenues or foreign exchange reserves, the INA seeks foreign funds as co-investors to finance the country's economic development. INA had received commitments of up to $10 billion prior to its launch from global companies and agencies such as the U.S. International Development Finance Corporation and the Japan Bank for International Cooperation, as well as a few foreign pension funds. The Indonesian government will support the fund with $5 billion in cash and other assets. The United Arab Emirates has announced a plan to invest $10 billion in INA Governance INA reports directly to the President of Indones ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jakarta
Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta is the largest city in Southeast Asia and serves as the diplomatic capital of ASEAN. The city is the economic, cultural, and political centre of Indonesia. It possesses a province-level status and has a population of 10,609,681 as of mid 2021.Badan Pusat Statistik, Jakarta, 2022. Although Jakarta extends over only , and thus has the smallest area of any Indonesian province, its metropolitan area covers , which includes the satellite cities Bogor, Depok, Tangerang, South Tangerang, and Bekasi, and has an estimated population of 35 million , making it the largest urban area in Indonesia and the second-largest in the world (after Tokyo). Jakarta ranks first among the Indonesian provinces in human development index. Jakarta's busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea. Indonesia is the world's largest archipelagic state and the 14th-largest country by area, at . With over 275 million people, Indonesia is the world's fourth-most populous country and the most populous Muslim-majority country. Java, the world's most populous island, is home to more than half of the country's population. Indonesia is a presidential republic with an elected legislature. It has 38 provinces, of which nine have special status. The country's capital, Jakarta, is the world's second-most populous urban area. Indonesia shares land borders with Papua New Guinea, East Timor, and the eastern part of Malaysia, as well as maritime borders with Singapore, Vietnam, Thailand, the Philippines, Australia, Palau, and India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Indonesia
The term Government of Indonesia ( id, Pemerintah Indonesia) can have a number of different meanings. At its widest, it can refer collectively to the three traditional branches of government – the executive branch, legislative branch and judicial branch. The term is also used colloquially to mean the executive and legislature together, as these are the branches of government responsible for day-to-day governance of the nation and lawmaking. At its narrowest, the term is used to refer to the executive branch in form of the Cabinet of Indonesia as this is the branch of government responsible for day-to-day governance. History Liberal democracy era An era of Liberal Democracy ( id, Demokrasi Liberal) in Indonesia began on August 17, 1950 following the dissolution of the federal United States of Indonesia less than a year after its formation, and ended with the imposition of martial law and President Sukarno's 1959 Decree, President Sukarno's decree regarding the introduction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan Bank For International Cooperation
The , JBIC, is a Japanese public financial institution and export credit agency that was created on October 1, 1999, through the merger of the Japan Export-Import Bank (JEXIM) and the Overseas Economic Cooperation Fund (OECF). JBIC became the international wing of the (administered by the Ministry of Finance) established on October 1, 2008. It became independent again from JFC on April 1, 2012. The bank is wholly owned by the Japanese government, and its budget and operations are regulated by the JBIC law. It is headquartered in Tokyo and operates in 18 countries with 21 offices. The main purpose of the institution is to promote economic cooperation between Japan and overseas countries by providing resources to foreign investments and by fostering international commerce. It has a major role in promoting Japanese exports and imports, and the country's activities overseas. The bank's presence can be seen both in developed and developing countries. It tries to contribute to the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Indonesia
The President of the Republic of Indonesia ( id, Presiden Republik Indonesia) is both the head of state and the head of government of the Republic of Indonesia. The president leads the executive branch of the Indonesian government and is the commander-in-chief of the Indonesian National Armed Forces. Since 2004, the president and vice president are directly elected to a five-year term, once renewable, allowing for a maximum of 10 years in office. Joko Widodo is the seventh and current president of Indonesia. He assumed office on 20 October 2014. History Sukarno era The Indonesian presidency was established during the formulation of the 1945 Constitution by the Investigating Committee for Preparatory Work for Independence (BPUPK). The office was first filled on 18 August 1945 when Sukarno was elected by acclamation by the Preparatory Committee for Indonesian Independence (PPKI) because according to the Transitional Provisions of the Constitution, "the President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Indonesia)
The Ministry of Finance ( id, Kementerian Keuangan) is an Indonesian government ministry responsible for the nation's finance and state assets. The Finance Minister is responsible to the President. The ministry's motto is ''Nagara Dana Rakça'', which means "guardian of state finance". History Colonial Period The Dutch East India Company was given ' to print money during the rule of Governor General Jan Pieterszoon Coen. Since the 17th century, the Dutch East India Company increased state revenue. The company raised state revenue by an obligation to surrender agricultural products ('), restrictions on agricultural production (', which increased the price) and obligations to plant strategic agricultural products such as coffee ('). When the British took over Dutch East India as part of the War of the Sixth Coalition and assigned Stamford Raffles as Lieutenant-Governor, he instituted reformation through land tax ('), which changed the former Dutch system, to enable the public to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of State Owned Enterprises (Indonesia)
The Ministry of State Owned Enterprises (Indonesian: ''Kementerian Badan Usaha Milik Negara'') is a ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is headed by a Minister of State Owned Enterprises, who is accountable to President. History The Ministry of State Owned Enterprises can be traced back to the Department of Finance. The Ministry of State Owned Enterprises was in the Second Echelon of the Department of Finance from 1973 to 1993, before being elevated into the First Echelon in 1993. In 1998, the Department of State Owned Enterprises was created, however, it was regulated under the Department of Finance in its First Echelon from 2000 to 2001. In 2001, the Department of State Owned Enterprises was renamed the Ministry of State Owned Enterprises. The development of state-owned enterprises was on ', which was the Second Echelon Unit in Department of Finance. This unit was also called ' and '. This unit was promoted into Firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Mulyani
Sri Mulyani Indrawati (born 26 August 1962) is an Indonesian economist who has been Minister of Finance of Indonesia since 2016; previously she served in the same post from 2005 to 2010. In June 2010 she was appointed as Managing Director of the World Bank Group and resigned as Minister of Finance. On July 27, 2016, Sri Mulyani was reappointed as Minister of Finance in a cabinet reshuffle by President Joko Widodo, replacing Bambang Brodjonegoro. As finance minister from 2005 to 2010, Sri Mulyani was known as a tough reformist and was largely credited with strengthening Indonesia's economy, increasing investments and steering Southeast Asia's largest economy through the 2007–10 financial crisis. However, Sri Mulyani was widely criticized during the Bank Century scandal in 2008 when she supported the financial bail out of 6,7 trillion rupiah, and she was later summoned to the court as a witness in 2014. In the same year, she was ranked as the 38th most powerful woman in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ex Officio Member
An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right of office'; its use dates back to the Roman Republic. According to ''Robert's Rules of Order'', the term denotes only how one becomes a member of a body. Accordingly, the rights of an ''ex officio'' member are exactly the same as other members unless otherwise stated in regulations or bylaws. It relates to the notion that the position refers to the position the ex officio holds, rather than the individual that holds the position. In some groups, ''ex officio'' members may frequently abstain from voting. Opposite notions are dual mandate, when the same person happens to hold two offices or more, although these offices are not in themselves associated; and personal union, when two states share the same monarch. For profit and nonprofit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erick Thohir
Erick Thohir (born 30 May 1970) is an Indonesian businessman and politician who has served as Indonesia's Minister of State Owned Enterprises since 2019. He is the founder of Mahaka Group, a conglomeration that focuses on media, sports and entertainment. Globally known as the former owner and chairman of Italian football giant Inter Milan and US soccer club D.C. United, Thohir is currently co-owner alongside Anindya Bakrie of English League One team Oxford United and Liga 1 outfit Persis Solo along with Kaesang Pangarep, the youngest son of President Joko Widodo. He was also the president director of ANTV television station and the chief of the Indonesian Olympic Committee. In 2019, he became a member of the International Olympic Committee (IOC). Early and personal life Erick Thohir was born on 30 May 1970. His father, Teddy Thohir, was a co-owner of the automotive group Astra International with William Soeryadjaya. His brother, Garibaldi Thohir, is an investment banker and ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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