The Business Times

Sovereign wealth funds

Companies & Markets

Garuda’s fleet growth at risk as Danantara trims funding

Danantara had started preliminary discussions with GoTo to acquire a minority stake in a combined entity.
ASEAN Business

GoTo shares jump to three-month high on report Danantara to be involved in Grab merger

Danantara has repeatedly said that developing a site in Mecca is a mandate from President Prabowo Subianto, who believes the creation of a ‘Hajj Village’ will make it easier for Indonesians to make their pilgrimage to the holy place.
ASEAN Business

Indonesian sovereign wealth fund Danantara bids US$1 billion for land at Mecca site: sources

Various groups have tried and failed to block record payouts to Musk, including a US$56 billion compensation plan for 2018 that investors reapproved last year, though legal challenges remain.
Global Enterprise

Norway wealth fund to vote against Musk US$1 trillion Tesla pay package

Danantara is the latest sovereign wealth fund to allocate more resources to the rapidly growing private markets.
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

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