Indonesia a winner in investors’ China pull-back

Singapore | Indonesia’s sovereign wealth fund is poised to boost spending this year as the country’s prominent role in the green energy transition and investors’ eagerness to diversify from China push it into the spotlight as an investment destination.

Ridha Wirakusumah, chief executive of the Indonesian Investment Authority, said the two-year-old fund would have deployed $US3 billion ($4.5 billion) by the end of this year alongside its partners. As of April, this year the fund had deployed just over $US2 billion.

Financial Times