Indonesia’s sovereign wealth fund Danantara plans to invest $5 billion in local businesses over the next six to nine months, according to chief investment officer Pandu Sjahrir. This announcement comes as MSCI proposed downgrading Indonesia from emerging-market to standalone status, a move that caused the Jakarta Composite Index to plunge 11.6%. The country has until April 2027 to implement reforms to avoid the downgrade. Pandu Sjahrir stated that Indonesian business fundamentals remain healthy despite the current market turbulence. Danantara, launched by President Prabowo Subianto in 2025, manages more than 1,000 state-owned enterprises and employs approximately 500 people.
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