JAKARTA: Indonesia is turning to Singapore’s Temasek Holdings Pte as a model to create a sovereign investment company to drive development in South-East Asia’s biggest economy.
The government is considering starting an investment holding company for four or five state-owned entities, which could then buy shares in Indonesian companies, Finance Minister Bambang Brodjonegoro said in an interview in Jakarta on Monday. If the fund is successful, it may over time invest in assets overseas, as Temasek did, he said.
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