Indonesia plans to set up a new company to hold and manage its state investments, according to Muliaman Hadad, who has been appointed to head the new entity.
Parliament has to approve the company, called Anagata Nusantara Investment Management Agency, he told reporters on October 22.
“The intention is that investments that are scattered can be consolidated and can be leveraged,” he said.
The government’s holdings in state enterprises are currently managed by a ministry for state-owned enterprises. There are more than 100 SOEs across sectors such as banking, telecommunication, construction and mining.
Hadad said discussions about the new agency will involve the ministry and Indonesia Investment Authority, the Southeast Asian nation’s sovereign wealth fund.
