August 15, 2024

PT Pertamina Bina Medika IHC Strategic Partnership with INA and Swire Pacific

The Indonesia Investment Authority (INA) and Hong Kong-based Swire Pacific Limited have finalized an investment in the Indonesian state-owned hospital chain PT Pertamina Bina Medika IHC (IHC) on Wednesday (14/08). This collaboration, initiated in December 2023, aims to improve Indonesia's healthcare system through organizational transformation, digitalization, and human resource development. The partnership also includes the development of new hospitals, such as Bali International Hospital and Panorama Balikpapan Hospital, further expanding IHC's network of 37 hospitals and 66 clinics nationwide. INA plays a crucial role by leveraging its local expertise to collaborate with IHC and Swire Pacific, improving access to quality healthcare services in Indonesia. This aligns with INA's mission to attract foreign investment and support national strategic projects, with the healthcare sector as a key development pillar.

August 13, 2024

INA SWF Managed Funds Have Grown Significantly Since Its Establishment in 2020

During media visit to the editorial board of Bisnis Indonesia on Tuesday (13/8) CEO of The Indonesia Investment Authority (INA)Ridha Wirahadikusuma said on that the company has significantly expanded its assets under management (AUM), reaching IDR 160 trillion in 2024, marking substantial growth since its establishment in 2020. INA received an initial capital injection of IDR 75 trillion, consisting of IDR 30 trillion in cash and IDR 45 trillion in shares. Through optimal performance, INA successfully increased its managed funds without requiring additional capital injections. Ridha also mentioned that INA has obtained a good credit rating from Fitch Ratings, with a BBB rating for international credit and AAA(idn) for national credit. INA continues to attract global investors by promoting long-term projects aligned with ESG principles, making it a key player in driving sustainable economic development in Indonesia.

August 7, 2024

INA Records Net Profit of IDR 4.3 Trillion, Soars 64 Percent

Indonesia Investment Authority (INA) reported a net profit of IDR 4.3 trillion for the year 2023, marking a 64% increase compared to the previous year. CEO of INA Ridha Wirakusumah said "This financial performance achievement is inseparable from the performance of INA's investment portfolio and the optimization of INA's asset management, carried out prudently and with discipline in overall cost management," during his visit to IDN HQ on Wednesday (7/8). This growth was driven by interest income from investments and treasury assets, dividends, and unrealized gains. INA's cumulative investments since its establishment reached IDR 50.1 trillion, with INA's portion amounting to IDR 31.3 trillion. Total Assets Under Management (AUM) for INA grew by 34.3% year-on-year to IDR 147.6 trillion, with key sectors including healthcare, green energy, toll roads, logistics, and digital infrastructure. Despite global economic uncertainties, INA's robust performance highlights its role in strengthening Indonesia's economic resilience through strategic investments and sound financial management.

July 29, 2024

Successfully Reducing Debt, Hutama Karya Ensures It Won’t Affect National Strategic Projects

PT Hutama Karya (HK) has built approximately 1,030 km of toll roads in Indonesia over the past decade, supported by State Capital Injections (PMN) amounting to IDR 131.14 trillion since 2015. Despite receiving substantial PMN, HK's financial burden increased, with debt soaring by 958.46% since 2014, reaching IDR 53.11 trillion in 2023. Throughout 2023, PT Hutama Karya (HK) managed to reduce its debt to IDR 53.11 trillion, down 24.70% from the previous year, thanks to investment collaboration with the Indonesia Investment Authority (INA) and State Capital Injection (PMN) support for National Strategic Projects. In the first half of 2024, HK recorded a net profit of IDR 396 billion, a significant increase from IDR 34 billion in the same period last year, with total assets rising 2,732% since 2014. The company continues to grow positively due to the construction of the Trans Sumatra Toll Road and being selective in choosing quality projects.

July 22, 2024

Sovereign funds see growing opportunities in EM infra

Although allocations to emerging markets can carry added risk, asset owners such as GIC and Indonesia Investment Authority (INA) are adding to their already substantial investments in infrastructure funding. Global sovereign wealth funds have been a significant force in the funding of major infrastructure projects across the Asia region. GIC forecasts that global infrastructure investment needs are expected to total around USD 70 trillion between now and 2040. Its latest investment in the sector is backing the expansion of Indonesia’s toll road network. The USD 1 billion investment, made in association with Metro Pacific Tollways Corporation, is for a 35% stake in Jasamarga Transjawa Tol (JTT), a subsidiary of the Indonesian state-owned toll road operator, PT Jasa Marga. JTT is a network of 13 toll roads in the provinces of West, Central, and East Java.

July 20, 2024

Managing Investor Funds, Yayasan Kehati and Indonesia Investment Authority (INA) Seek Impactful Companies

More and more investors are making environmental and social impact a primary criterion for receiving funds, prompting investment management institutions like Indonesia Investment Authority (INA) and Yayasan Kehati to focus on Environmental, Social, and Governance (ESG) aspects. Yayasan Kehati, through the establishment of the SRI-Kehati index in collaboration with the Indonesia Stock Exchange (IDX) since 2009, aims to increase awareness and implementation of ESG among issuers to attract sustainable investment flows. "So what we are looking at is not only the sector or size, but also the impact," said the Chief Risk Officer of the Indonesia Investment Authority (INA). As a sovereign wealth fund, INA collaborates with major investors to inject capital into various sectors, including green energy and transformation, toll road and port infrastructure, as well as digital and healthcare infrastructure. Two key considerations in investments are measurable impact and return on investment.

July 19, 2024

Indonesian wealth fund Indonesia Investment Authority (INA) to step up focus on green investments

Indonesia Investment Authority (INA), the country's sovereign wealth fund, is looking to tap overseas investors as it seeks to deepen its focus on green investments, a top INA officer told reporters on Thursday. INA chief risk officer Thomas Sugiarto Oentoro said the wealth fund was reviewing several opportunities in green investments. INA has previously invested in Indonesian geothermal firm PT Pertamina Geothermal Tbk. INA along with Abu Dhabi renewable energy firm Masdar acquired a 20% stake in Pertamina Geothermal in February last year for USD 480 million. Besides geothermal energy, INA is also reviewing solar power and nature-based solutions such as mangrove restoration. INA will directly invest in sustainable or green projects alongside external foreign investors from regions like the US, Europe, and the Middle East.

July 18, 2024

Market Outlook 2024: Investment Climate During the Transition Period Expected to Remain Favorable

PT Mandiri Manajemen Investasi (Mandiri Investasi) forecasts that the investment climate in the second half of 2024 will remain favorable and potentially offer optimal returns for investors, supported by President Joko Widodo's administration during this transitional period in maintaining national economic growth. At the Mandiri Investasi Market Outlook 2024 event, themed "Cruising the Crossroads on the Narrow Strait," Deputy Minister of State-Owned Enterprises (BUMN) Kartika Wirjoatmodjo stated that the Ministry of BUMN has a long-term program to drive economic transformation in Indonesia, including renewable energy and mining downstreaming. Deputy Minister Kartika expressed hope that, in the next five years, besides Mandiri, BRI, Telkom, and Pertamina, other BUMNs such as Pelindo Group, In Journey, and MIND ID will also grow into large companies and potentially conduct IPOs. She emphasized focusing on BUMNs with significant size and good future prospects for the capital market. Additionally, investments in BUMNs will not only be through the capital market but also through private deals, with the involvement of the Indonesia Investment Authority (INA) in building a global investment ecosystem.

July 18, 2024

Mandiri: Favorable Investment Transition Period, No New Government Bonds Issued, MIND ID Could join IPO

PT Mandiri Manajemen Investasi (Mandiri Investasi) anticipates that the investment climate in the second half of 2024 will remain favorable and potentially offer optimal returns for investors. At the "Mandiri Investasi Market Outlook 2024" event, Deputy Minister of State-Owned Enterprises (SOEs) Kartika Wirjoatmodjo stated that the Ministry of BUMN has a long-term program to drive economic transformation in Indonesia, including renewable energy and mining downstreaming. The Ministry has prepared a long-term roadmap that provides direction for BUMN to become a key driver of Indonesia's economic transformation over the next ten years, focusing on key sectors such as digital, green economy, infrastructure, and social inclusion. Furthermore, Deputy Minister of SOEs Kartika Wirjoatmodjo also conveyed that the investment model in SOEs is not only through the capital market. But also through private deals. In addition, together with the Indonesia Investment Authority (INA), SOEs are building an investment ecosystem that is private in nature with global strategic investors.

July 18, 2024

Impact Investing Gains Momentum in Indonesia

Impact investing has become a focal point for many investors nowaday. Independent Commissioner of PT Danareksa (Persero) and Commissioner of PT Trimegah Asset Management, Ariani Vidya Sofjan, noted that impact investing (ESG) has long been practiced in Europe and developed countries. A prime example is the Indonesia Sovereign Fund or INA (Indonesia Investment Authority), which incorporates ESG considerations into its investment decisions. Impact investing is a strategy aimed at generating financial returns alongside measurable social or environmental benefits. Investors allocate their capital to companies, organizations, and projects addressing pressing issues such as climate change, poverty, and inequality.

July 13, 2024

Reviewing Indonesia Investment Authority (INA) Investments in 2024 with a Growth of 152.6%

The Indonesia Investment Authority (INA) saw a triple-digit growth in investments in 2023. Over the past year, INA, together with its co-investors, disbursed investments amounting to IDR 29.6 trillion, equivalent to USD 1.9 billion. This figure represents a growth of 152.6% compared to the previous year.‍With this achievement, the cumulative total investments disbursed by INA and its co-investors since INA's establishment reached approximately IDR 50.1 trillion, equivalent to USD 3.2 billion. Of this amount, INA's portion of the total investments reached IDR 31.3 trillion, equivalent to USD 2.1 billion.

July 9, 2024

Indonesian wealth fund INA's investments doubled in value in 2023

Sovereign wealth fund Indonesia Investment Authority (INA) more than doubled its investments in 2023 despite political and economic uncertainties throughout the year, according to its annual report. ‍The report noted that INA and its co-investors disbursed USD1.9 billion in 2023 -- up 152.6% year-on-year. In 2023, INA made six investments, with a total of nine projects, across the health, infrastructure, digital infrastructure, geothermal, and logistics sectors. The new investments resulted in an increase of IDR 37.7 trillion (USD 2.3 billion) in INA's total assets under management (AUM), bringing its total AUM to IDR 147.6 trillion by the end of 2023.

June 29, 2024

INA and Australia Partner to Boost Cooperation and Investment in Indonesia

CEO of the Indonesia Investment Authority (INA), Ridha Wirakusumah, and the Australian Ambassador to Indonesia, Penny Williams PSM, signed a Memorandum of Understanding (MoU) to support Australian investments in Indonesia. This partnership aims to drive significant Australian investments into key sectors in Indonesia, strengthening economic ties and benefiting both nations. This partnership is part of the "Invested: Australia's Southeast Asia Economic Strategy to 2040," announced by Australian Prime Minister Anthony Albanese in September 2023.

May 20, 2024

The IKN Authority and INA officially partnered

The IKN Authority (OIKN) and the INA have officially partnered to attract foreign investors to Indonesia's new capital city project. The partnership aims to leverage INA's network and expertise in managing investments to secure funding and support for various infrastructure projects within the IKN. This initiative is part of a broader strategy to ensure the success of the development of the new capital city, which is expected to be a smart and sustainable city.

May 1, 2024

INA explores opportunities in North Kalimantan

The Indonesia Investment Authority (INA) is exploring investment opportunities with the North Kalimantan Provincial Government. INA representatives have met with the governor of North Kalimantan to mark concrete steps by the regional government in strengthening investment cooperation to advance the economy and development in North Kalimantan. The meeting between the Governor of North Kalimantan and the Indonesia Investment Authority marked an important first step in exploring North Kalimantan's economic and environmental potential, as well as strengthening cooperation between the public and private sectors in realizing sustainable development in the region.

April 21, 2024

Indonesia’s sovereign wealth fund eyes green energy transition in $1bn investment plan

Indonesia’s sovereign wealth fund is aiming to invest up to $1bn this year with green energy as one of its priorities, as the south-east Asian country aims to become a hub for energy transition on the back of its vast nickel reserves. The Indonesia Investment Authority is in talks over potential investment in the electric vehicle ecosystem and geothermal energy, and is providing financing for early retirement of coal-fired power plants.

April 3, 2024

Collaboration of INA and Global Infrastructure Partners for Infrastructure Investment in Indonesia

Indonesia Investment Authority (INA) and Global Infrastructure Partners (GIP) announced a strategic collaboration aimed at bolstering infrastructure development in Indonesia. This partnership signifies a major step forward, combining INA's in-depth local market knowledge and network with GIP’s extensive global infrastructure expertise to collaboratively identify investment opportunities and develop world-class infrastructure in Indonesia.

April 2, 2024

Indonesia's wealth fund INA looking to double down on private credit

INA is looking to double down on its private lending business with Christopher S Ganis, the former head of Indonesia, APAC private credit at the world’s largest asset manager BlackRock, at its helm. While companies in developed markets can rely on the public market, companies in Indonesia unfortunately cannot. Hence, the need for a substantial alternative capital.

February 27, 2024

INA Reappoints Haryanto Sahari as Supervisory Board

The Indonesia Investment Authority (INA) reappointed Haryanto Sahari as the supervisory board member from the professional element from 2024 to 2029. This appointment is in accordance with Presidential Decree Number 25/P of 2024. INA stated: "This reappointment is a strategic step by the Government to increase trust in the investment community,"

February 6, 2024

Manulife, INA Target Real Asset Plays in Indonesia

Manulife Investment Management has partnered with the Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, to focus on the overarching goal of further developing infrastructure in Indonesia and exploring investment opportunities in real estate and natural capital. The partnership intends to invest its own proprietary capital while also raising funds from third-party investors, both domestic and foreign.

February 6, 2024

Fitch Assigns Indonesia Investment Authority First-Time 'BBB' and 'AAA(idn)' Ratings; Outlook Stable

Fitch Ratings has assigned Indonesia Investment Authority (INA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB' and a Short-Term Foreign-Currency IDR of 'F2'. Fitch Ratings Indonesia has also assigned a National Long-Term Rating of 'AAA(idn)' and a National Short-Term Rating of 'F1+(idn)'. The outlook on the long-term ratings is Stable.

January 25, 2024

Australia Explores Potential for Trade and Investment Cooperation with Indonesia

Australian Assistant Minister for Trade and Manufacturing Tim Ayres is scheduled to visit Indonesia this week. His visit aims to strengthen trade and investment relations. He will meet with a number of members of the Indonesian cabinet as well as the Indonesian Investment Authority. They will discuss ways to open economic opportunities for these two countries and the region.

January 10, 2024

APG, ADIA Invest In Indonesia Toll Road

APG Asset Management N.V (APG), together with its wholly owned subsidiary Abu Dhabi Investment Authority (ADIA) announced investment in the Trans Java Kanci-Pejagan and Pejagan-Pemalang toll roads. For INA, this transaction is a follow-up investment from previous transactions with PT Waskita Transjawa Toll Road and PT Waskita Toll Road, subsidiaries of PT Waskita Karya (Persero) Tbk, for the same assets. This is in line with INA's mission to contribute to sustainable economic development, as well as bringing world-class investor partners to Indonesia.

December 23, 2023

SOE Hospital Holding Collaborates with INA and Swire

PT Pertamina Bina Medika-Indonesia Healthcare Corporation or SEO Hospital Holding signed a strategic partnership agreement with the INA and Swire Pacific Limited, which is a large global group that has diversified with a focus on health investment. The Ministry of BUMN has hopes for BUMN in the health sector for the transformation to modernize health services significantly to increase value creation in the right way in accordance with the Health Law and the latest Minister of Health Regulations.

December 10, 2023

Cirebon-1 PLTU Early Retirement on December 2035

The Asian Development Bank together with PT Cirebon Electric Power and INA agreed to carry out early retirement of the Cirebon-1 PLTU in West Java in December 2035. The Cirebon PLTU with a capacity of 660 megawatts will be retired 7 years earlier than expected which supposedly end in July 2042. Meanwhile, the transaction is targeted to be completed in the first half of 2024. This is based on the results of discussions with the owner of the power plant and the Indonesian Government under the ADB's Energy Transition Mechanism program.

November 14, 2023

Indonesia's SWF strengthens private debt funding

From an initial government-funded capital base of $5 billion in 2021, the Indonesia Investment Authority (INA) has since grown to $9 billion of assets under management, and has deployed $3 billion of it. Several new allocations and joint venture projects are expected to be rolled out in the coming months by the sovereign wealth fund, concentrated on INA’s four key sectors: infrastructure and logistics, digital infrastructure, healthcare, and green energy.

November 9, 2023

INA and DBJ Collaborate to Explore Hybrid Capital Solutions Investment Opportunities

INA and DBJ have signed an Investment Framework Agreement, strengthening their commitment to making joint investments guided by mutually agreed eligibility criteria, with the aim of providing optimal capital returns with measurable risks, while facilitating country-level collaboration between Japan and Indonesia. INA and DBJ are ready to explore joint investment opportunities in the field of hybrid capital solutions in Indonesia, either directly or through their affiliates.

November 1, 2023

Indonesia's energy transition is challenging

“Indonesia’s energy transition is challenging. When we are talking about renewable energy in Indonesia, the challenge is not only about the cost, but also the lack of adequate supply of electricity. Instead of building fossil-fuelled energy sources and later changing it to renewable to fix the problem, we should build a green energy source from the get-go.“ said CEO INA Ridha Wirakusumah during his interview with CNBC Asia regarding the energy transition in Indonesia.

October 30, 2023

INA and GDS collaborate to develop data center in Nongsa Special Economic Zone

INA and GDS, a developer and operator of data centers in Asia with a wide base of international investors, have announced a partnership to develop and expand the data center landscape in Indonesia. Indonesia is a growing data center market with a similar vision of the pivotal role of data centers in its digital transformation. The GDS-INA partnership comes at a crucial moment, especially as the data center industry is rapidly expanding, supported by Indonesia's digital economic transformation, IoT technology, a massive shift toward cloud computing, and the widespread use of artificial intelligence.

October 2, 2023

Indonesia pursues blood plasma domestic production

The government continues to encourage the resilience of the domestic pharmaceutical sector through plasma fractionation, namely the use of blood plasma to produce medicinal products. So far, the need for plasma fractionation is still completely dependent on imports. To overcome this, the Indonesia Investment Authority (INA) signed a Term Sheet between Indonesia, as a state-owned body that manages investment funds with SK Plasma.

September 13, 2023

INA and CEXIM to Joint Forces in Various Sectors

INA and The Export-Import Bank of China (CEXIM) have signed a Co-operation Framework Agreement for investment in various sectors, including infrastructure, energy, and information and communications. Both parties are committed to channelling funding in a way that not only ensures optimal returns with measurable risks, but also encourages sustainable economic development and collaboration.

September 3, 2023

No Single Strategy for ASEAN Investors

Over the past decade ASEAN has emerged as a global standout in attracting foreign direct investment. Its consistent economic growth, favourable demographics and strategic location have made it attractive for investors. Alongside these regional benefits, each member country continues to present its own unique blend of opportunities and challenges.

September 1, 2023

INA Partners with GDS to Create Data Center Campus in Batam

INA and GDS announced a partnership to develop and expand the data centre landscape in Indonesia. The two entities recognise Indonesia's potential as an emerging data centre market and share a vision that data centres will play a pivotal role in Indonesia's digital transformation.

August 24, 2023

SWF Indonesia Has Disbursed IDR 45.7 T in Funds

During its first 2.5 years of operation, INA has invested in a range of projects in the country, disbursing i US$ 3 billion, or the equivalent of IDR 45.73 trillion, in investment value. These investments cover various sectors, including digital infrastructure, infrastructure and logistics, digitalization, healthcare, and clean energy.

August 14, 2023

Aims for Health & Port Services, INA Investment Projection in 2023 IDR 20 T

INA forecasts that investment funds that can be realized throughout 2023 will reach IDR 20 trillion. This figure exceeds the target set in 2023 of IDR 15.5 trillion by 129 percent. CEO of INA, Ridha Wirakusumah, expects at least two investment agreements – with companies in the healthcare and ports sectors - to be realized by the end of 2023.

August 10, 2023

Indonesia Taps Global Climate Advisory Firm to Explore Nature-Based Project Opportunities

Indonesia's sovereign wealth fund, the Indonesia Investment Authority (INA), has teamed up with global climate change advisory and investment firm Pollination to explore nature-based solution investments, as Indonesia seeks to ramp up carbon credit trading. In a joint statement, they announced they had signed a memorandum of understanding (MOU) to identify investment opportunities and to develop nature-based projects which aim to conserve, protect, and restore vital ecosystems such as rainforests, peatlands and mangroves.

August 9, 2023

Alert! Avoid Scams Claiming Association with Indonesia Investment Authority

We hereby caution the public to remain vigilant against potential scams involving attributes and symbols associated with or resembling the identity of the Indonesia Investment Authority.These scams may take the form of fake investment offers or job offers with the lure of commission incentives, and can be carried out through various channels, including but not limited to websites, social media, and online chat applications.

July 19, 2023

INA Signs Framework Deal with British International Investment

In a major step toward enhancing bilateral investment ties between Indonesia and the United Kingdom INA and British International Investment (BII), the UK’s development finance institution and impact investor, announced a strategic partnership to foster sustainable economic development and cooperation. The partnership will focus on the spheres of green infrastructure, renewable energy, climate resilience and adaptation and related sectors.

July 13, 2023

INA Purchased Two Trans Sumatra Toll Road Sections, One of the Longest in Indonesia

The purchase transaction process for two sections of the Trans Sumatra Toll Road (JTTS) by INA has officially been completed. The two toll roads owned by Hutama Karya are the Medan-Binjai Toll Road and the Bakauheni-Terbanggi Besar Toll Road. Deputy Minister of BUMN II Kartika Wirjoatmodjo revealed this toll road divestment transaction has been in progress for two years. The toll roads have the potential to have a positive impact on the economy.

June 23, 2023

Pelindo-DP World Consortium Develops Belawan New Container Terminal

PT Pelindo (Persero) formed a consortium with INA and DP World FZE to develop the Belawan Port cargo terminal in Sumatra. This collaboration was formalized through the signing of a Shareholders Agreement for the establishment of a joint venture that will carry out market development and operation of the Belawan New Container Terminal.

June 12, 2023

How to Unlock RI's Geothermal Potential

Developing Indonesia’s plentiful geothermal energy resources can help meet the growing demand for energy while also bringing economic benefits and supporting the nation’s path to net zero emissions by 2060. Indonesia Investment Authority (INA) is committed to ensuring Indonesia succeeds in its net-zero programme. INA and Masdar recently invested in Pertamina Geothermal Energy (PGE), the latest of many targeted placements to support the country’s economic diversification into clean energy.

May 29, 2023

INA, ESR, Mitsubishi Jointly Investing in Three Indonesian Logistics Parks

INA, ESR Group and MC Urban Development Indonesia (MCUDI) have partnered up to invest in three logistics parks in Indonesia, developed and managed by ESR. The trio said they were also exploring options for additional joint investments in the sector. The three property assets are in Cikarang and Kawarang. The two assets in Cikarang have an expected completion date of May and June 2023, while the property in Karawang is set to start construction in June 2023.

May 17, 2023

INA's Performance Will be Tested in Election Year After the 2022 Net Profit Increased

Indonesia Investment Authority (INA) has recorded excellent performance throughout 2022, both in terms of profit and assets. However, the continuation of this performance will be tested because Indonesia is now in an election year. Economist Yusuf Rendy Manilet, of the Center of Reform on Economics (Core) Indonesia, said INA was considered capable of maintaining its performance in an election year if there was no friction disrupting the political and security climate in the country.

April 17, 2023

Mitratel distributes IDR 1.26 trillion dividends

PT Dayamitra Telekomunikasi Tbk or Mitratel (MTEL) has announced the distribution of cash dividends worth a total of IDR 1.76 trillion, an equivalent to 99% of 2022 net profit. Currently, 28.15% of Mitratel's shares are publicly owned, with Indonesia Investment Authority (INA) and the Government of Singapore Investment Corporation (GIC), Abu Dhabi Growth Fund (ADG), and Abu Dhabi Investment Authority (ADIA) as the anchor investors.

April 13, 2023

Indonesia Sovereign Fund steps up EV plans with China's CATL

The Indonesia Investment Authority is setting up a special fund with Chinese battery giant Contemporary Amperex Technology (CATL) to help develop the emerging industry in the Southeast Asian country. Stefanus Ade Hadiwidjaja, chief investment officer of the sovereign wealth fund tasked with attracting foreign capital and investing in growth areas in Indonesia, told Nikkei Asia that the planned EV Ecosystem Fund with CATL will explore investments in electric vehicle-related sectors in Indonesia.

March 16, 2023

Indonesia Investment Authority and U.S. International DFC execute Memorandum of Understanding to catalyze investments in Indonesia

Indonesia Investment Authority (INA) and U.S. International Development Finance Corporation (DFC) have taken a significant step towards promoting economic development in Indonesia by signing a Memorandum of Understanding (MoU). As part of the MoU, DFC and INA will collaborate to identify investment opportunities throughout Indonesia that align with their respective investment mandates, demonstrating a strong potential for strategic and developmental impact.

February 28, 2023

The Impact of INA and SRF’s Investment in Kimia Farma

The capital injection by the Indonesia Investment Authority and Silk Road Fund to PT Kimia Farma Tbk and PT Kimia Farma Apotek) opened opportunities for the company's expansion into international markets. Associate Director of Research and Investment Pilarmas Investindo Sekuritas Maximilianus Nico Demus said: "This expansion is also considered to be able to open Kimia Farma's access to experts from global investors.” He added that Kimia Farma's capital structure and liquidity will strengthen. “More than that, the company also can open the door to the international market for Kimia Farma's business and network, from the retail and health services."

February 24, 2023

Ready to expand, PGEO offers shares to investors

PT Pertamina Geothermal Energy, Tbk has entered the Indonesian capital market, by offering as many as 25% of its shares. A number of domestic and multinational investors participated in the offer, including Indonesia Investment Authority and Masdar, a net energy company based in the United Arab Emirates.

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.