Danantara Indonesia: Can It Match Norway’s Oil Fund?
Looking closely at Danantara Indonesia brings into focus two nations, two fortunes, and two very different ideas of stewardship. I grew up watching Norway save. Instead of spending our wealth, we chose to save it. When oil came out of the North Sea, our leaders decided to lock most of it away for future generations. […]
Danantara, BUMN Reform, and Indonesia’s Next Chapter
Indonesia has never been shy about thinking big. From downstreaming nickel and minerals to creating sovereign investment vehicles and pushing strategic industries, the country has been steadily moving toward a stronger and more coordinated economic model. Some see this as intervention. Others see it as long-term nation building. The latest move comes through Presidential Instruction […]
Eighty-One Years On, A President Raises His Fist
Jakarta, August 14. Friday morning. Parliament sits. The cameras roll. Gibran listens from his seat beside the podium. Somewhere in the room, Jokowi watches the man who succeeded him deliver a speech neither of them could have written the same way. Prabowo Subianto stands before the MPR for the second time as president. Fist raised. […]