Jakarta, CNN Indonesia –
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan mention the figures who are on the board of directors Investment Management Institution (Indonesia Investment Authority / INA) or endowment fund manager (SWF) will be announced next week.
The directors will later manage the largest endowment investment management institution in Indonesia.
“I hope this week or next week we can announce who the BoD (board of directors) will take care of the investment authority,” said Luhut at the Mandiri Investment Forum 2021 event virtually, Wednesday (3/2).
Currently, the supervisory board is selecting a number of figures who are candidates for the board of directors. The selection was carried out by Finance Minister Sri Mulyani, BUMN Minister Erick Thohir, and a professional supervisory board, namely Darwin Cyril Noerhadi, Yozua Makes, and Haryanto Sahari.
“We believe they can get the best to run this organization,” added Luhut.
For the board of directors, a number of names were circulating, ranging from former trade minister Gita Wirjawan, former head of BKPM Thomas Trikasih Lembong, President Director of Credit Suisse Rizal Gozali, former Pertamina finance director Arief Budiman, to Indonesian Stock Exchange (IDX) Commissioner Pandu Patria Sjahrir.
Deputy Minister of BUMN II Kartika Wirjoatmodjo added that the management of investment funds in SWF will be focused on infrastructure investment in the first two years. For example, for toll road projects, airports, and ports.
The reason is that infrastructure projects are very attractive in the medium term because they are also in line with the economic recovery in which airport to port traffic is expected to improve.
Another reason, because Indonesia still needs the economic impact of infrastructure development that is also needed by the community.
“This is an opportunity to improve asset quality (infrastructure) and expand capacity with global partners and create value after the pandemic,” explained Tiko, his nickname.
Furthermore, investment in SWF will be directed to the technology sector, for example the fiber optic project to provide internet services to remote areas to the development of digital and consumer businesses through PT Telkom Indonesia (Persero) Tbk and PT Telkomsel.
In the long term, investment will flow to the health sector. Incidentally, the government is currently forming a hospital holding. “This is a post covid-19 investment,” he explained.
Not to forget, there will also be investment flows into the renewable energy sector through PT Pertamina (Persero) and PT PLN (Persero).
“Several thermal power plants can also be an idea for a medium-term investment plan in INA,” he said.
Furthermore, to achieve all of this, SWF will be open to domestic and foreign private investors, so that investment that is managed is not only from outside.
Firsta, investment flows from fellow SWF institutions in other countries. Second, investment from pension funds in foreign countries.
Currently, Tiko said that the government had communicated with pension funds from Canada and the Netherlands to enter SWF. Third, investment flows from special capital placements.
“Player on private equity, but this is not it private equity in general, but also those with specific interests, for example in the infrastructure, technology and health sectors, “he said.
(uli / one)
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