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

The 16th Asian Financial Forum (AFF), organized by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council, was held at the Hong Kong Convention and Exhibition Center on 11 and 12 January to bring together global financial leaders in person. With this year's theme being Accelerating Transformation: Impact - Inclusion - Innovation, AFF examined the current state of the global economy and explored major issues, such as trade and sustainable development, across more than 40 panel discussions and workshops.

The Indonesia Investment Authority (INA) and the Silk Road Fund group are new investors in Kimia Farma’s (KAEF) pharmacy network subsidiary, PT Kimia Farma Apotek (KFA). KAEF completed the sale of a portion of KFA shares and issued new KFA shares which were bought by INA and the Silk Road Fund. The investments provide additional capital of IDR 1.86 trillion, equivalent to a 40 per cent stake.

The Education Fund Management Institute (LPDP) initiated a global-scale strategic network through the Global Initiative Seminar on Supporting Sustainable Finance Ecosystem. In addition, the LPDP and the Indonesia Investment Authority also signed a Memorandum of Understanding to establish a joint investment framework in relevant and sustainable areas such as green energy, health, digitalization and financial services.

Task Force Energy, Sustainability and Climate Business 20 (TF ESC-B20) succeeded in producing several potential projects with value reaching more than 11.5 billion US dollars. TF ESC also plays a role as a catalyst in global cooperation with the achievement of cooperation agreements as many as 38 agreements from across countries. At least 11 countries are involved in the "business action" process in realizing the acceleration of low-carbon projects.

The International Forum of Sovereign Wealth Funds (IFSWF) held its 14th annual meeting in Baku, hosted by the State Oil Fund of the Republic of Azerbaijan (SOFAZ). This year's meeting provides a unique opportunity for The IFSWF members to discuss the most significant issues of the current investment landscape. Topics addressed included rising inflation, deglobalisation, environmental, social and governance (ESG) issues, and the digitisation of the investment process and financial landscape.

To advance the development of the healthcare industry in Indonesia, state-owned pharmaceutical companies Bio Farma, Kimia Farma and Kimia Farma Apotek have signed a strategic partnership with Silk Road Fund and Indonesia Investment Authority. The transformative partnership is in line with the Indonesian government's goals of further developing the country's healthcare industry to bring It to international quality and standards.