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View all search resultsThe company plans to allocate approximately 85 percent of the IPO proceeds toward operational expenditures of its subsidiary Crypto Futures Exchange (CFX). The remaining 15 percent will be channeled to its depository subsidiary PT Kustodian Koin Indonesia (ICC) for similar purposes.
President Prabowo Subianto’s appointment of Muliaman Hadad as the head of the newly established Daya Anagata Nusantara (Danantara) investment management agency has confused the public following the reappointment of Erick Thohir as state-owned enterprises (SOEs) minister. Both Muliaman and Erick are to manage 41 SOEs, with a single aim of establishing an SOEs super-holding company similar to Singapore’s Temasek Holdings.
Something was missing from President Prabowo Subianto’s inaugural speech before the People’s Consultative Assembly (MPR) on Sunday. He mentioned all his priority agendas, from energy and food self-sufficiency to human development, but nothing at all about the future capital of Nusantara, a signature project under his predecessor Joko “Jokowi” Widodo.
In another move of resource nationalism, the government through mining holding company MIND ID plans to acquire majority stake in the country’s largest nickel miner PT Vale Indonesia (INCO) in a bid to speed up the downstreaming of nickel industry in the country.
Indonesia is a country in a period of fruitful growth, and the nation’s successful agricultural industry is the fertile heart of that journey. Agriculture, specifically plantation, accounts for almost a third of total employment across the country and contributed almost 7 percent of Indonesia’s GDP as of 2021.
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