Tag: Sovereign Wealth Fund
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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…
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Norway’s Oil Fund Plans to Vote Against Elon Musk’s $1 Trillion Tesla Pay Deal
Norway’s Wealth Fund Takes a Stand Against Tesla’s Pay Package Norway’s sovereign wealth fund, one of the world’s largest investors, says it will vote against Elon Musk’s proposed $1 trillion pay deal for the Tesla CEO. The announcement underscores growing scrutiny of executive compensation at high-flying tech companies and highlights the fund’s willingness to use…
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Norway’s Oil Fund to Vote Against Elon Musk’s $1 Trillion Tesla Pay Deal: A Governance Alarm Bell
Norway’s Oil Fund Signals a New Push on Executive Pay Norway’s sovereign wealth fund, the world’s largest, has announced it will vote against Tesla chief executive Elon Musk’s reported $1 trillion pay package. The move highlights growing scrutiny from major investors over executive compensation, corporate governance, and long-term value creation. With a stake of about…
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Muturi questions feasibility of Ruto’s Sh1.5trn Infrastructure Fund
Muturi voices concerns over Ruto’s Sh1.5 trillion infrastructure fund Former Kenyan Attorney General and Democratic Party (DP) leader Justin Muturi has publicly challenged the viability of President William Ruto’s proposed Sh1.5 trillion Infrastructure Fund. Speaking amid a climate of economic strain on Kenyan households, Muturi pressed for a focus on prudent financial management, accountability, and…