Spurring investment: Prabowo arrives at the residence of Australia’s Prime Minister Anthony Albanese in Sydney. The Indonesian president is focusing on measures to attract private and institutional funds, and making domestic investment more appealing. — AFP
JAKARTA: Indonesia plans to issue rules next year to set up trustee institutions and special-purpose vehicles aimed at spurring investment, a move that will also allow state fund Danantara to create a trust fund for onshore capital.
The South-East Asian nation aims to use the measures to attract more private and institutional funds, including local money parked offshore, to support economic growth, said Masyita Crystallin, director general of financial sector stability and development at the Finance Ministry, in an interview.
