Indonesia Launches Sovereign Wealth Fund as Thousands Protest Budget Cuts

TaiwanPlus News 2025-02-25

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Indonesian President Prabowo Subianto has announced the launch of a sovereign wealth fund to invest US$20 billion in projects from metal processing to artificial intelligence, aimed at growing Southeast Asia's largest economy. The money for the wealth fund comes from government budget cuts that have prompted thousands of people to protest.

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