No politics, just business, says key official at Indonesia’s new wealth fund

In an interview with The Straits Times on March 20, Danantara’s chief investment officer Pandu Sjahrir shared the fund’s investment strategy and objective. - DANANTARA

JAKARTA: Indonesia’s sovereign wealth fund Danantara will focus on investments in the mineral sector, digital infrastructure, renewable energy and healthcare, among others, even as critics questioned its ability to avoid mixing business with political interests.

Launched on Feb 24 by President Prabowo Subianto, Danantara – short for Daya Anagata Nusantara – has faced criticism for appointing Prabowo’s political allies, former presidents Joko Widodo and Susilo Bambang Yudhoyono, to its board of advisers.