Indonesia considers Temasek style investment agency

The Indonesian government is hoping to set up a government investment agency along the lines of neighbouring Temasek and Khazanah.

Indonesia's Ministry of State-Owned Enterprises has begun conducting a feasibility study over how to re-organize state-owned assets following the recent election of President Susilo Bambang Yudhoyono. Under the auspices of deputy SOE minister Mahmuddin Yasin, the study is examining whether to create one or two investment agencies, which would be run by the SOE ministry.

State-owned assets are currently held by a number of different government entities including the Ministry of Finance, Ministry of State-Owned Enterprises, Central Bank and PPA PT Perusahaan Pengelola Aset Negara. The latter is in the process of divesting a series of bank stakes handed over to the government by their former family owners after the...

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