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Indonesia to launch new sovereign wealth fund with over $900 billion in assets

Reuters
Summary
Nutrition label

82% Informative

JAKARTA ( Reuters ) - Indonesia 's President Prabowo Subianto will launch a new sovereign wealth fund called " Danantara " on February 24 with assets under management exceeding $900 billion , according to a video statement shared by the government on late Thursday . Prabowo said the fund will invest in sustainable high impact projects across sectors such as renewable energy, advanced manufacturing, downstream industries and food production. He made the statement in a video at the World Governments Summit in Dubai . (Reporting by Stefanno Sulaiman ; Editing by Tomasz Janowski ).

VR Score

90

Informative language

95

Neutral language

72

Article tone

formal

Language

English

Language complexity

78

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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