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Logo of the Government Investment Unit of Indonesia. The Government Investment Unit of Indonesia, also known as the Indonesia Investment Agency or Pusat Investasi Pemerintah (PIP), is a sovereign wealth fund managed by the country's Ministry of Finance.
On 30 March 2021, Joko Widodo submitted a Presidential Letter No. R-14/Pres/03/2021 to People's Representative Council contained a proposal for major change his cabinet. In his Presidential Letter, Ministry of Investment, will be spin off from existing Coordinating Ministry for Maritime and Investments Affairs to be independent ministry on its own, but still under its coordination.
The Ministry of Investment and Downstream Industry/Indonesia Investment Coordinating Board (Indonesian: Kementerian Investasi dan Hilirisasi/Badan Koordinasi Penanaman Modal) is a government ministry formed by the Indonesian government in 2021. The ministry is responsible for investment affairs and facilitating easiness of investment in Indonesia.
The Indonesia Investment Authority (INA; Indonesian: Lembaga Pengelola Investasi, lit. ' Investment Management Agency ', LPI) is the sovereign wealth fund of Indonesia.The INA was founded by the Indonesian Government in 2021 to strengthen the country's economy by diversifying into new asset classes. [2]
On 15 May 2023, President Joko Widodo signed into law Government Regulation No. 27/2023, which detailed rights granted to the authority. Save for powers reserved for central government (namely, foreign policies, defense and security, legislation, national fiscal and monetary affairs, and religious affairs), the authority is granted special autonomy for: [12] [13]
A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset (e.g. purchase of land and building).
Investment is traditionally defined as the "commitment of resources to achieve later benefits". If an investment involves money, then it can be defined as a "commitment of money to receive more money later".
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. [1])