Indonesia’s sovereign wealth fund is advancing a plan to combine the asset management units of state-owned lenders in order to boost their regional competitiveness.
Indonesia’s sovereign wealth fund is advancing a plan to combine the asset management units of state-owned lenders in order to boost their regional competitiveness.
Buildings at dusk in Jakarta, Indonesia, on Tuesday, Aug. 19, 2025. Bank Indonesia’s rate decision comes just days after Prabowo laid out the first budget of his presidency, pledging higher spending to lift gross domestic product growth to 5.4% next year. Photographer: Muhammad Fadli/Bloomberg
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