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4 days ago | 
bloomberg.com | Chandra G. Asmara |Norman Harsono
A PT Garuda Indonesia aircraft inside a hangar at Soekarno-Hatta International Airport in Cengkareng, Indonesia. (Bloomberg) -- Indonesian sovereign wealth fund Danantara will extend a $405 million loan to PT Garuda Indonesia to help the distressed flag carrier turn around finances and expand its fleet in the coming years.
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1 week ago | 
news.bloomberglaw.com | Norman Harsono |Eko Listiyorini
Chandra Daya to offer 12.5 billion shares at 170-190 rupiahCompany to use proceeds to buy ships, build storage tanksAn Indonesian petrochemical giant’s unit is seeking to raise 2.37 trillion rupiah ($145 million) from an initial public offering that may become the country’s largest this year.
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2 weeks ago | 
bloomberg.com | Norman Harsono |Claire Jiao
Prabowo Subianto(Bloomberg) -- Indonesia will no longer send a delegation to the US for tariff negotiations as its proposal to Washington has already been deemed sufficient, according to the senior minister who’s leading the talks. It’s a change from the delegation’s previous plans to head to Washington this week for a second round of negotiations, as the Southeast Asian nation works to bring down a planned 32% tariff on its exports to the US.
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2 weeks ago | 
flipboard.com | Norman Harsono |Claire Jiao
NowEveryone Is Watching Donald Trump: G-7 Leaders GuideMark Carney will welcome world leaders to the Canadian Rockies hoping to avoid a repeat of the blow up the last time his country played host Mark …1 hour agoTraveling Alone? These 10 Destinations Are Perfect For Solo AdventuresTraveling alone can be one of the most liberating and transformative experiences you’ll ever have.
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3 weeks ago | 
bloomberg.com | Norman Harsono
Ray Dalio (Bloomberg) -- Indonesia’s Danantara said Ray Dalio will serve as an informal adviser to the wealth fund’s leadership and President Prabowo Subianto. The Bridgewater Associates founder’s role as informal adviser is voluntary and unpaid, the wealth fund said in a statement on Wednesday. “Over the past year, Danantara Indonesia has benefited greatly from Ray Dalio’s expertise and guidance,” the fund said, adding that Dalio “remains a loyal supporter” of the fund’s mission.
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1 month ago | 
financialpost.com | Norman Harsono
Advertisement 1Bill Gates discussed plans for public health initiatives in Indonesia and heard pitches for collaboration with the country’s new sovereign wealth fund as the billionaire seeks to expand philanthropic activity in Asia. Article content(Bloomberg) — Bill Gates discussed plans for public health initiatives in Indonesia and heard pitches for collaboration with the country’s new sovereign wealth fund as the billionaire seeks to expand philanthropic activity in Asia.
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1 month ago | 
bloomberg.com | Norman Harsono
Bill Gates, left, and Prabowo Subianto in Jakarta on May 7. (Bloomberg) -- Bill Gates discussed plans for public health initiatives in Indonesia and heard pitches for collaboration with the country’s new sovereign wealth fund as the billionaire seeks to expand philanthropic activity in Asia.
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2 months ago | 
bloomberg.com | Norman Harsono |Grace Olivia Sihombing
Indonesia will send a team including veteran Finance Minister Sri Mulyani Indrawati to Washington D.C. for trade talks next week, part of the Southeast Asian nation’s initial response to being among the hardest hit economies globally by higher US tariffs. Indrawati will join a delegation led by Coordinating Economic Minister Airlangga Hartarto to convey Indonesia’s stance to US officials, according to a presidential palace statement late Monday. The team will also include Foreign Minister Sugiono.
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2 months ago | 
bloomberg.com | Marcus Wong |Norman Harsono
Bank Indonesia intervened in the offshore rupiah market ahead of what could be a turbulent reopening for the currency Tuesday after over a week-long holiday. The central bank has intervened in the offshore non-deliverable forwards market to stabilize the rupiah, it said in a statementBloomberg Terminal Monday, adding it will “aggressively” intervene in the onshore markets too when they reopen on Tuesday.
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2 months ago | 
bloomberg.com | Grace Marnida Sihombing |Norman Harsono
Indonesia pledged to ease trade rules as it seeks to negotiate with the US on the latter’s plan to impose a 32% tariff on products from Southeast Asia’s largest economy. President Prabowo Subianto ordered his cabinet to simplify regulations, including by easing non-tariff barriers, after the US announced the reciprocal tariff on Indonesia, the Coordinating Ministry of Economic Affairs said in a statement on Thursday.
