Read the latest news from INA and all of the official press releases.

The Indonesia Investment Authority is setting up a special fund with Chinese battery giant Contemporary Amperex Technology (CATL) to help develop the emerging industry in the Southeast Asian country. Stefanus Ade Hadiwidjaja, chief investment officer of the sovereign wealth fund tasked with attracting foreign capital and investing in growth areas in Indonesia, told Nikkei Asia that the planned EV Ecosystem Fund with CATL will explore investments in electric vehicle-related sectors in Indonesia.

Indonesia Investment Authority (INA) and U.S. International Development Finance Corporation (DFC) have taken a significant step towards promoting economic development in Indonesia by signing a Memorandum of Understanding (MoU). As part of the MoU, DFC and INA will collaborate to identify investment opportunities throughout Indonesia that align with their respective investment mandates, demonstrating a strong potential for strategic and developmental impact.

The capital injection by the Indonesia Investment Authority and Silk Road Fund to PT Kimia Farma Tbk and PT Kimia Farma Apotek) opened opportunities for the company's expansion into international markets. Associate Director of Research and Investment Pilarmas Investindo Sekuritas Maximilianus Nico Demus said: "This expansion is also considered to be able to open Kimia Farma's access to experts from global investors.” He added that Kimia Farma's capital structure and liquidity will strengthen. “More than that, the company also can open the door to the international market for Kimia Farma's business and network, from the retail and health services."

PT Pertamina Geothermal Energy, Tbk has entered the Indonesian capital market, by offering as many as 25% of its shares. A number of domestic and multinational investors participated in the offer, including Indonesia Investment Authority and Masdar, a net energy company based in the United Arab Emirates.

Caproasia Institute has released its list of top sovereign wealth funds in 2022. With total AUM USD 20 billion, Indonesia Investment Authority ranked 42 globally and 18 among the Top 29 Sovereign Wealth Funds in APAC.

Extract from audio transcript of the Behind the Money podcast: “... The Indonesia Investment Authority and it’s based on that Job Creation Law that is seen as an international appetite for sovereign wealth funds in developing countries in South East Asia. And it’s attracted interest from a variety of international financiers, including state investors, from locations as diverse as the US, China, UAE.”