ASIATODAY.ID, JAKARTA – President of the Republic of Indonesia, Prabowo Subianto gathered tycoons at the Presidential Palace in Jakarta on Thursday, March 6, 2025. This meeting was a strategic discussion forum between the government and the business world regarding national economic developments and major programs currently being implemented.
The eight tycoons who attended the meeting came from various industrial sectors, including Anthony Salim, Sugianto Kusuma, Prajogo Pangestu, Boy Thohir, Franky Widjaja, Dato Sri Tahir, James Riady, and Tomy Winata. Each has a different business background, ranging from the food, property, energy, finance, to manufacturing sectors. The meeting was also attended by Ray Dalio, a leading global investor.
In a warm and productive atmosphere, President Prabowo discussed a number of strategic issues, including the free nutritious meal program which is one of the government’s flagship policies, infrastructure development, strengthening the textile industry, and efforts to achieve food and energy self-sufficiency. In addition, industrialization and investment management through the Danantara Investment Management Agency (Danantara Sovereign Fund) were also the main topics of discussion.
On that occasion, Prabowo appreciated the role of entrepreneurs in supporting various government policies, especially those related to public welfare.
This meeting reflects the government’s efforts to build close communication with the business world, in order to ensure national economic stability and attract investment that can create jobs and increase the competitiveness of domestic industry.
The Head of Danantara who is also the Minister of Investment and Downstreaming of Indonesia said that the discussion was very productive and provided new insights into the management of Indonesia’s sovereign wealth fund (SWF). Ray Dalio, who has contributed to the development of SWFs in various countries such as Temasek (Singapore), the Public Investment Fund (PIV) in Saudi Arabia, and the SWF in the United Arab Emirates (PEA), provided valuable input for the development of Danantara.
“Ray Dalio’s input and suggestions to us were very, very good, very good inputs so that in the future this role of Danantara can run according to its mandate,” said Rosan Roeslani in his press statement.
Rosan said that Ray Dalio shared his experience in managing investments in various sovereign wealth funds in the world. The discussion also discussed a comparison of sovereign wealth fund models from various countries such as China and the UAE, in order to adopt a strategy that is in accordance with Indonesian conditions.
“So what form of cooperation, then what are the incentives, what are the fields. “So the speakers are sufficient and we are also open, because we are benchmarking or making comparisons with other countries’ sovereign wealth funds, well, we are also open, we can adopt and of course we adjust to the conditions in Indonesia,” explained Rosan. Meanwhile, the Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), Anindya Bakrie, who also attended the discussion, assessed that the forum was an important step in synergy between the government and the business world to achieve inclusive economic growth.
KADIN, he said, is ready to support the government’s agenda, especially in achieving the economic growth target of 8 percent and poverty alleviation. In addition, he also highlighted the role of Danantara as an extraordinary breakthrough in national investment and emphasized the importance of good governance and a mature investment strategy. “Danantara is an extraordinary breakthrough, but how can we do good governance, good investment to be able to produce something good,” he added. (AT Network)
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