Wahyudi Soeriaatmadja

1 month ago | straitstimes.com | Rohini Mohan |Wahyudi Soeriaatmadja

BENGALURU/JAKARTA - In a research laboratory in one of India’s top technical institutes in the western Indian state of Gujarat, civil and computer science engineer Udit Bhatia is growing anxious as political events unfolding 12,400km away put his work in jeopardy.

1 month ago | straitstimes.com | Wahyudi Soeriaatmadja

JAKARTA – Indonesia’s sovereign wealth fund Danantara will focus on investments in the mineral sector, digital infrastructure, renewable energy and healthcare, among others, even as critics questioned its ability to avoid mixing business with political interests.

1 month ago | straitstimes.com | David Fogarty |Tan Dawn Wei |Wahyudi Soeriaatmadja |Li Shuo

BEIJING/SINGAPORE/JAKARTA – On the outskirts of the Indonesian city of Semarang in Central Java, a new factory is cranking out solar cells and assembling solar panels with the help of robots, while autonomous carts whizz around ferrying parts and components. The Trina Mas Agra Indonesia solar panel plant, operational since October 2024, is a US$100 million joint venture between China’s Trina Solar, Indonesian conglomerate Sinar Mas and Indonesian state utility PLN.

1 month ago | straitstimes.com | Wahyudi Soeriaatmadja

- President Prabowo Subianto’s slew of populist programmes that require massive funding, declining tax revenues, and questions over new sovereign wealth fund Danantara taking the reins of state-owned entities (SOEs) all converged to dent investor sentiment on March 18, sparking a market sell-off as Indonesian stocks tumbled to levels not seen in over a decade, analysts said.

1 month ago | straitstimes.com | Wahyudi Soeriaatmadja

JAKARTA - Former general Prabowo Subianto won the Indonesian presidential race in February 2024 after a campaign based on his “gemoy” or cute image showing a softer side that was far removed from his stern, military background. But now, just four months since he took office, there are signs that these army links are creeping into his administration. Several active military officers have been appointed to civilian posts, including to senior positions at government ministries and state agencies.