Indonesia’s new President Prabowo will establish a national investment holding company similar to Singapore’s Temasek, aiming to consolidate dispersed investments and leverage them. This institution, named Daya Anagata Nusantara Investment Management Agency, will be led by Muliaman Hadad, former head of the Financial Services Authority. The former Indonesian ambassador to Switzerland, who will lead the agency, stated that once the policy is approved by the parliament, the government will immediately establish this investment body to manage state investments outside the state budget. Currently, discussions are underway with other departments regarding the structure of this investment body, aiming to function like Singapore’s Temasek Holdings as a state-owned investment company. He explained that this institution is different from state-owned enterprises, resembling the Indonesia Investment Authority but with a broader investment scope. The Indonesian government established this agency to centralize investment management in key sectors such as banking, telecommunications, construction, and mining, build investor confidence through efficient asset management, and remain open to privatizing certain non-essential enterprises. Analysts say Prabowo’s plan could reshape the market landscape, attract foreign investors, and reducing state control over non-critical sectors may stimulate private investment, driving economic growth across various sectors.