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Politics 3 years ago
PREMIUM
BLBI task force recovers Rp 30 trillion in state assets
A government task force has reclaimed some 30 percent of the assets stolen in the Bank Indonesia liquidity support (BLBI) scandal, which had its roots in the 1998 Asian financial crisis, and has redeployed some of the assets for local administrations, state agencies and ministries.
Business 6 years ago
PREMIUM
Omnibus bill provides legal certainty on Indonesia’s sovereign wealth fund
Chapter 10 on central government investment and national strategic projects in the draft bill mandates the establishment of a “special authority” agency led by the finance minister, a vehicle that President Joko “Jokowi” Widodo has described as a sovereign wealth fund.
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