Indonesia’s Prabowo Nominates Nephew as Central Bank Deputy Governor
Indonesian President Prabowo Subianto has nominated his nephew to join the central bank’s board of governors, amid growing concern about its independence as the government seeks more support for ambitious economic targets, Reuters reported via Business Times.
Indonesia’s Danantara Mulls Raising $1.2 Billion in Fresh Funding Round
Danantara, Indonesia’s new sovereign wealth fund, plans to raise IDR 20 trillion (USD 1.2 billion) in the first half via a fresh round of so-called patriot bonds, Bloomberg reported. This latest bond sale will mainly target tycoons in the palm oil sector as well as business elites who weren’t part of the first tranche.
Indonesia’s Sovereign Fund INA Resets Strategy to Private-Sector Deals Post-Danantara
After years dominated by state-linked transactions, Indonesia’s sovereign wealth fund Indonesia Investment Authority (INA) is pivoting to private-sector deals, Business Times reported. This follows the transfer of most state-owned enterprise (SOE)-related assets to the newly set up state investment vehicle Danantara, said its top executive.
Indonesia Told Not to Rush with $6 Billion State Textile Firm Plan
Indonesia is facing calls not to rush with its plan to set up a multi-billion-dollar state textile firm, with businesses saying that it would be better for the government to establish a fund dedicated to beef up the industry, Jakarta Globe reported. An SOE analyst also urged the government to provide low-rate financing or tax relief for the textile sector instead, according to Bloomberg Technoz.
Former Sritex Workers Protest Delayed Payments
Hundreds of Sri Rejeki Isman (Sritex)’s former employees staged a protest at the Semarang Commercial Court in Central Java on 12 January 2026, Tempo reported. The demonstration was triggered by the prolonged delay in the disbursement of severance pay and the 2025 Religious Holiday Allowance (THR).