How Indonesia’s Danantara blends power, profit and politics

When Indonesia established Badan Pengelola Investasi (BPI) Danantara, it was not merely launching a sovereign wealth fund but constructing a political-economic architecture, one that fuses financial ambition with the logic of power. Danantara sits at the intersection of markets and statecraft, embodying a distinctly Indonesian experiment in state capitalism. Unlike the resource-rich funds of the
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