Tag: Danantara
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Danantara to Manage Land Seized From 28 Firms After Deadly Sumatra Floods
Introduction In a decisive move following one of the worst flood disasters in Sumatra’s recent history, Indonesia’s sovereign wealth fund Danantara has announced it will manage land reclaimed from 28 firms whose exploitation permits were revoked for deforestation. Officials say the illegal clearing of forests contributed to catastrophic floods that claimed more than 1,000 lives,…
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Danantara to Manage Land Reclaimed From 28 Firms After Sumatra Floods
Overview: Danantara Takes on a Controversial Role Indonesia’s sovereign wealth fund, Danantara, has announced it will manage land reclaimed from 28 companies whose permits were revoked due to deforestation activities in Sumatra. Authorities say these environmental damages contributed to the catastrophic floods that killed more than 1,000 people and displaced tens of thousands. The move…
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Danantara to Manage Land Seized After Sumatra Floods
Danantara Takes Charge of Reclaimed Land Following Sumatra Floods In the wake of devastating floods in Sumatra that authorities say were worsened by illegal deforestation and poorly managed land use, the Indonesian sovereign wealth fund Danantara has announced it will manage land reclaimed from 28 companies whose permits were revoked. The move marks a significant…
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Danantara’s Bold Plan: Slashing Indonesia’s State Firms to Stop Cannibalization
Overview: Danantara’s Strategic Redesign In a sweeping move reflective of deeper fiscal reforms, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that officials describe as “cannibalization,” where multiple state-backed businesses end up competing against each other for limited…
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Danantara to Trim State Firms to Prevent Business Cannibalization
Indonesia’s Sovereign Fund Moves to Consolidate State Assets Jakarta — In a bold push to sharpen state-led economic strategy, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that official sources describe as “cannibalization,” where multiple entities within the…
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Danantara to Trim State Firms to Prevent Cannibalization
Big Shakeup for Indonesia’s State-Owned Enterprises Indonesia’s sovereign wealth fund Danantara is accelerating a sweeping overhaul of the nation’s state-owned enterprises (SOEs). Senior officials acknowledge that fierce internal competition among government-backed firms has created a self-defeating dynamic, where each entity grows to cannibalize the others’ markets and profits. The plan aims to significantly slash the…