CarbonX, a startup in the carbon trading sector, has emerged as one of the key players in Indonesia’s efforts to achieve its Net Zero Emission (NZE) target by 2060. With the support of Pandu Sjahrir, who is now chief investment officer (CIO) of sovereign wealth fund Danantara, CarbonX strives to accelerate the transition to a green economy through technological innovation and strategic partnerships.

Rosan P Roeslani, the appointed CEO of sovereign wealth fund Danantara, said he would keep position as minister of investment and downstream affairs. Dony Oskaria, chief operating officer (COO) of Danantara, will also be retained as deputy minister of state-owned enterprises (SOEs). 

President Prabowo Subianto has officially launched the sovereign wealth fund Danantara, which manages more than US$900 billion assets under management (AUM). Rosan P Roeslani, minister of investment and downstream, is chief executive officer (CEO) of the fund, while former presidents will be in the board of advisors.

Pandu Sjahrir’s name has become increasingly well-known in Indonesia’s digital industry and investment sector. He reportedly becomes chief investment officer (CIO) of the newly established investment Danantara, which will manage over US$900 billion assets under management (AUM). However, behind his various investments, questions arise: do Pandu’s investment steps genuinely contribute to Indonesia’s startup ecosystem, or are they merely personal business strategies?

Minister of land and agrarian reform Nusron Wahid, a politician from Golkar Party, said 3.7 million hectares of oil palm plantation are illegal, and that State will seize and take them over. They are classified illegal because of having no business permit and no right to cultivate (HGU) within the forest area.

Shares of Maybank Indonesia (BNII) ended slightly higher by 0.51% to Rp198 on Friday (Feb 21) when the bank reported 36% fall in net profit to Rp1.12 trillion last year. At the last quoted price, Maybank’s market value was not even half of its equity.

Mixue, the largest bubble tea and drinks firm in China, has launched initial public offering (IPO) in the Hong Kong Stock Exchange (HKSE). The company, reportedly valued at nearly US$10 billion, expects to raise US$440 million from the IPO.  

President Prabowo Subianto is scheduled to formally launch investment management entity Danantara, which controls seven major state companies and Indonesian Investment Authority (INA) with combined assets under management above US$940 billion, Monday (Feb 24). This might end speculations on some critical issues.

Gains in highly inflated stocks prevented correction of composite index of Indonesia Stock Exchange (IDX). Vast majority of real blue chip stocks were mainly in negative territory in the past two days, but the surge in stocks like Data Center Indonesia (DCII), Barito Renewables (BREN), and PIK-2 (PANI) averted the correction.

Shares of digital bank AlloBank (BBHI) ended lower by 1.6% to Rp615 on Thursday (Feb 20) when the bank reported 5.2% growth of net profit to Rp467 billion in 2024. The stock has collapsed 90% from its peak three years ago. Why?