GIC, ADIA Boost Indonesia Investment Authority's AUM

The Indonesia Investment Authority (INA) raised more than US$20 billion in assets under management (AUM), including from the Government of Singapore Investment Corporation Private Ltd (GIC) and the Abu Dhabi Investment Authority (ADIA).

SOEs to Invest More in Digital Startups

The Merah Putih Fund, which has just secured Financial Services Authority (OJK) permit, already has 30 startups in its investment pipeline.

The Tug of War of BSI Status

PT Bank Syariah Indonesia Tbk (BSI) is reportedly lobbying the House of Representatives to change its status to a state-owned enterprise, allowing it to secure state capital injections (PMN).

DBS Bank Sets Decarbonization Targets for 9 Sectors

DBS becomes the first bank in Southeast Asia to announce a landmark set of decarbonization commitments. Interim decarbonization targets set for 2030 and commitment to finance net zero emissions by 2050.