JAKARTA: Danantara’s planned entry into the domestic capital market is expected to significantly help stabilise the local stocks and bonds market, especially at times of volatility, but some have also warned that the move could disrupt the sovereign wealth fund’s (SWF) focus on its much needed long-term projects for the economy.
The move comes after the country’s stock market and currency emerged as one of Asia’s worst-performing this year amid uncertainties due to the United States’ wide-sweeping tariffs and concerns over the country’s fiscal policy.
