The Business Times

Sovereign wealth funds

ASEAN Business

Indonesian sovereign wealth fund Danantara hires 2 executives from Singapore’s GIC

Danantara seeks to hire advisers to help set up a new firm that will combine the asset managers of Bank Rakyat Indonesia, Bank Mandiri and Bank Negara Indonesia.
ASEAN Business

Indonesia’s Danantara weighs creating 133-trillion-rupiah asset manager: sources

Goldman Sachs is predicting a major ramp up in dealmaking towards the end of the year, with a chance that 2026 proves a record year for M&A.
Banking & Finance

Sovereign wealth funds, including Singapore’s GIC, drive biggest deals in US$3.5 trillion M&A year

Infrastructure investments such as toll roads comprise 77 per cent of INA's total accumulated investment value of US$3.4 billion in 2024, compared with 3 per cent for real estate.
Banking & Finance

Indonesia sovereign wealth fund INA to trim exposure to infrastructure

The sovereign wealth funds of Abu Dhabi, Norway and Singapore and global money managers including BlackRock and Fidelity International participated in LG India’s anchor share sale before the start of bidding on Tuesday.
Global Enterprise

LG Electronics’ US$1.3 billion India IPO fully subscribed on first day

Garuda has struggled financially since the Covid-19 pandemic that effectively halted air travel.
ASEAN Business

Distressed Garuda to tap Indonesian state fund for US$1.4 billion

Apart from making investments, Khazanah’s role was to look for companies in China or in the US who can partner with Malaysian entrepreneurs and share research and development knowhow, CIO Hisham Hamdan said.
ASEAN Business

Malaysia sovereign fund Khazanah keen on US and China collaborations

Asia needs to rely not only on a falling dollar and lower interest rates to attract capital flows, but also continuous performance, said GIC advisor Jeffrey Jaensubhakij at the Milken Institute Asia Summit on Oct. 2.
Companies & Markets

Asia’s public markets must perform: GIC, Danantara executives

“At the end, it’s about the economy,” said Pandu Sjahrir, chief investment officer of Danantara.
ASEAN Business

Indonesia’s protests were ‘wake-up call’ for sovereign fund: CIO

An agreement to increase the 51 per cent stake in one of the world’s largest copper mines is close to concluding, but the shares would not be free, Danantara CIO Pandu Sjahrir said.
ASEAN Business

Danantara says Freeport stake will have a cost

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