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PT Pertamina Bina Medika IHC Strategic Partnership with INA and Swire Pacific
August 15, 2024

PT Pertamina Bina Medika IHC Strategic Partnership with INA and Swire Pacific

The Indonesia Investment Authority (INA) and Hong Kong-based Swire Pacific Limited have finalized an investment in the Indonesian state-owned hospital chain PT Pertamina Bina Medika IHC (IHC) on Wednesday (14/08). This collaboration, initiated in December 2023, aims to improve Indonesia's healthcare system through organizational transformation, digitalization, and human resource development. The partnership also includes the development of new hospitals, such as Bali International Hospital and Panorama Balikpapan Hospital, further expanding IHC's network of 37 hospitals and 66 clinics nationwide. INA plays a crucial role by leveraging its local expertise to collaborate with IHC and Swire Pacific, improving access to quality healthcare services in Indonesia. This aligns with INA's mission to attract foreign investment and support national strategic projects, with the healthcare sector as a key development pillar.

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INA in the News

Market Outlook 2024: Investment Climate During the Transition Period Expected to Remain Favorable

PT Mandiri Manajemen Investasi (Mandiri Investasi) forecasts that the investment climate in the second half of 2024 will remain favorable and potentially offer optimal returns for investors, supported by President Joko Widodo's administration during this transitional period in maintaining national economic growth. At the Mandiri Investasi Market Outlook 2024 event, themed "Cruising the Crossroads on the Narrow Strait," Deputy Minister of State-Owned Enterprises (BUMN) Kartika Wirjoatmodjo stated that the Ministry of BUMN has a long-term program to drive economic transformation in Indonesia, including renewable energy and mining downstreaming. Deputy Minister Kartika expressed hope that, in the next five years, besides Mandiri, BRI, Telkom, and Pertamina, other BUMNs such as Pelindo Group, In Journey, and MIND ID will also grow into large companies and potentially conduct IPOs. She emphasized focusing on BUMNs with significant size and good future prospects for the capital market. Additionally, investments in BUMNs will not only be through the capital market but also through private deals, with the involvement of the Indonesia Investment Authority (INA) in building a global investment ecosystem.

Mandiri: Favorable Investment Transition Period, No New Government Bonds Issued, MIND ID Could join IPO

PT Mandiri Manajemen Investasi (Mandiri Investasi) anticipates that the investment climate in the second half of 2024 will remain favorable and potentially offer optimal returns for investors. At the "Mandiri Investasi Market Outlook 2024" event, Deputy Minister of State-Owned Enterprises (SOEs) Kartika Wirjoatmodjo stated that the Ministry of BUMN has a long-term program to drive economic transformation in Indonesia, including renewable energy and mining downstreaming. The Ministry has prepared a long-term roadmap that provides direction for BUMN to become a key driver of Indonesia's economic transformation over the next ten years, focusing on key sectors such as digital, green economy, infrastructure, and social inclusion. Furthermore, Deputy Minister of SOEs Kartika Wirjoatmodjo also conveyed that the investment model in SOEs is not only through the capital market. But also through private deals. In addition, together with the Indonesia Investment Authority (INA), SOEs are building an investment ecosystem that is private in nature with global strategic investors.

Impact Investing Gains Momentum in Indonesia

Impact investing has become a focal point for many investors nowaday. Independent Commissioner of PT Danareksa (Persero) and Commissioner of PT Trimegah Asset Management, Ariani Vidya Sofjan, noted that impact investing (ESG) has long been practiced in Europe and developed countries. A prime example is the Indonesia Sovereign Fund or INA (Indonesia Investment Authority), which incorporates ESG considerations into its investment decisions. Impact investing is a strategy aimed at generating financial returns alongside measurable social or environmental benefits. Investors allocate their capital to companies, organizations, and projects addressing pressing issues such as climate change, poverty, and inequality.

Reviewing Indonesia Investment Authority (INA) Investments in 2024 with a Growth of 152.6%

The Indonesia Investment Authority (INA) saw a triple-digit growth in investments in 2023. Over the past year, INA, together with its co-investors, disbursed investments amounting to IDR 29.6 trillion, equivalent to USD 1.9 billion. This figure represents a growth of 152.6% compared to the previous year.‍With this achievement, the cumulative total investments disbursed by INA and its co-investors since INA's establishment reached approximately IDR 50.1 trillion, equivalent to USD 3.2 billion. Of this amount, INA's portion of the total investments reached IDR 31.3 trillion, equivalent to USD 2.1 billion.

Indonesian wealth fund INA's investments doubled in value in 2023

Sovereign wealth fund Indonesia Investment Authority (INA) more than doubled its investments in 2023 despite political and economic uncertainties throughout the year, according to its annual report. ‍The report noted that INA and its co-investors disbursed USD1.9 billion in 2023 -- up 152.6% year-on-year. In 2023, INA made six investments, with a total of nine projects, across the health, infrastructure, digital infrastructure, geothermal, and logistics sectors. The new investments resulted in an increase of IDR 37.7 trillion (USD 2.3 billion) in INA's total assets under management (AUM), bringing its total AUM to IDR 147.6 trillion by the end of 2023.

INA and Australia Partner to Boost Cooperation and Investment in Indonesia

CEO of the Indonesia Investment Authority (INA), Ridha Wirakusumah, and the Australian Ambassador to Indonesia, Penny Williams PSM, signed a Memorandum of Understanding (MoU) to support Australian investments in Indonesia. This partnership aims to drive significant Australian investments into key sectors in Indonesia, strengthening economic ties and benefiting both nations. This partnership is part of the "Invested: Australia's Southeast Asia Economic Strategy to 2040," announced by Australian Prime Minister Anthony Albanese in September 2023.