January 16, 2023

2022 List of Top Sovereign Wealth Funds

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.

January 11, 2023

Indonesia’s Secret to Economic Success

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.”

January 8, 2023

Overwhelming Interest among Global Financial Leaders to Attend 16th Asian Financial Forum

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.

December 30, 2022

INA Becomes New Investor for Kimia Farma Pharmacy

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.

December 14, 2022

LPDP Collaboration with INA to Create Sustainable Funding Support

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.

November 21, 2022

B20 Summit Generates Potential Projects of More Than US$ 11.5 Billion

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.

November 16, 2022

Sovereign Wealth Funds Gather to Discuss how to Mobilise Capital for Change in a Challenging Environment

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.

November 14, 2022

Synergy of Pharmaceutical SOEs with Silk Road Fund and Indonesia Investment Authority, Improving Indonesian Health Services

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.

November 14, 2022

INA Signed 3 MoUs To Support The Energy Transition

Indonesia Investment Authority (INA) signed (three) Memoranda of Understanding (MoUs) marking our commitment in the collaborative efforts between all the key stakeholders underpinning the energy transition mechanism (ETM) program for supporting the energy transition in Indonesia.

November 14, 2022

INA, CATL, and CMBI to Establish Green Fund Focusing on End-To-End Electric Vehicle Value Chain Investment

Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL), and CMB International Capital Corporation Limited (CMBI) signed a Memorandum of Understanding (MoU), planning to carry out investment, fund establishment and other cooperation in the field of new energy. All parties aim to jointly invest in the establishment of a Green Fund, which will focus on end-to-end electric vehicles (EV) value chain investment primarily in Indonesia, to support Indonesia's sustainability and commitment to carbon neutrality by 2060.

October 10, 2022

Building infrastructure without debt

With new investors entering and investing in toll roads, it will create a diversification of infrastructure development funding. So that later toll road infrastructure development will not only rely on the state budget.

October 6, 2022

Let INA (Indonesia Investment Authority) be sovereign

For Indonesia to attract large scale FDI in this environment, its offerings must be all the more enticing. It is crucial that the skilled professionals sitting on INA’s board make decisions that draw in other investors, thereby serving the interests of the country and its people, and of generations to come. The government must grant it the sovereignty to do that.

September 30, 2022

B20 reveals the urgency of blended finance to overcome the infrastructure gap

Blended finance is a structuring approach that allows financing organizations with different objectives to invest or co-loan with one another. A financing organization can achieve its own goals, be it financial returns, social impact, or a combination of both.

September 9, 2022

Jasa Marga: The Need for Infrastructure Investment in Indonesia is Huge

PT Jasa Marga Tbk realizes that the need for infrastructure investment in Indonesia is huge, so the presence of the Indonesia Investment Authority (INA) is very necessary. This will have a positive impact, because it will provide new funding solutions.

August 26, 2022

A consortium group backed by INA to invest in Belawan Port

A consortium backed by INA has agreed with port operator Pelindo to invest in the expansion of Belawan Port's new container terminal (BNCT) on Sumatra.

August 22, 2022

Investment realization as an accelerator of economic growth

INA's investment targets are domestic assets in priority sectors that have a high socioeconomic impact. The presence of INA is expected to be able to accelerate the growth of infrastructure investment in Indonesia.

August 19, 2022

National Strategic Projects in Indonesia

The central government wants to maximize the role of the Indonesia Investment Authority (INA) in NSP funding, both in the form of equity and loans. INA has the potential to fund various NSP projects with INA obtaining its funds and assets from the Indonesian government as well as through investment commitments from large global institutional investors.

August 11, 2022

Australian workers superannuation funds zoom in on Jokowi’s privatization push

Australian workers, through their superannuation funds, are among investors looking at infrastructure opportunities in Indonesia as the country steps up an ambitious privatization program.

August 10, 2022

CGS-CIMB 14th Annual Indonesia Conference 2022

INA Chief Financial Officer Eddy Purwanto tells us more about how INA tries to attract investor partners for co-investment.

August 9, 2022

B20 Finance & Infrastructure Task Force introduces Quality Infrastructure Business Case Development Methodology

B20 Finance & Infrastructure (F&I) Task Force (TF) for the G20, discussed the need for investment-ready infrastructure projects to fill infrastructure gaps. One of which is increasing access to affordable and appropriate sources of financing for infrastructure. Quality infrastructure development is a long-term endeavour that ultimately depends on commercially driven returns and project implementation

July 15, 2022

INA has $20 billion pledged so far

Indonesia’s wealth fund will ensure that new and existing investments are priced in line with rising global risks, including soaring inflation that’s pushing interest rates higher, its Chief Executive Officer said.

July 14, 2022

B20-G20 Dialogue: Finance and Infrastructure Task Force

Taking the theme “Building Coalitions to Enable Greener and Smarter Infrastructure Development at Scale”, the dialogue was focused on the four recommendations of the Task Force’s policy paper.

July 5, 2022

INA and SRF China establish investment collaboration in Indonesia

INA and the Silk Road Fund (SRF) from China signed an Investment Framework Agreement (IFA) to facilitate investment collaboration in Indonesia.

June 30, 2022

Building a sustainable investing ecosystem

Cross-sector collaboration is needed to accelerate the implementation of green finance programs – especially sustainable investment in ESG as part of the G20 Indonesia Presidency.

May 19, 2022

B20 Indonesia Podcast - Talk with the Chair #4: Finance & Infrastructure Task Force

The COVID-19 pandemic has seriously hampered the world economy, causing significant hardship for individuals and businesses. Despite signs of positive recovery, there are still some threats looming over the global economy.

May 4, 2022

INA on securing Indonesia’s future sustainable development

INA CEO Ridha Wirakusumah discusses the fund's recent toll road deals and investment into sustainable development. He speaks exclusively with Haslinda Amin at the Milken Institute Global Conference in Los Angeles.

May 3, 2022

INA records highest value of SWF global investment in April 2022

INA recorded the highest transaction value among sovereign wealth funds (SWF) in April 2022, according to a Global SWF report.

April 21, 2022

INA is ready to invest in digital ecosystem, infrastructure, and renewable energy

INA CEO Ridha Wirakusumah said INA is ready to invest in selected sectors, from green infrastructure, digital services, and digital e-commerce to various kinds of infrastructure, such as toll roads, airports, seaports, as well as investment in health and energy, especially renewable energy.

April 14, 2022

Indonesia’s sovereign wealth fund signs $2.7b toll road investment

Indonesia’s sovereign wealth fund signed two agreements to invest in toll roads on the islands of Sumatra and Java worth more than 39 trillion rupiah ($2.72 billion), President Joko Widodo said.

April 7, 2022

Fireside chat: How Indonesia’s new SWF will balance infrastructure and tech investments

INA aims to grow its assets under management to $20 billion with its investor partners. So far, INA has made one investment with its participation in telecom firm Mitratel’s $1.3-billion IPO last November.