Jokowi-SBY Compact Attending The Launch Of The Danantara At The Jakarta Palace

The 7th President Jokowi and the 6th President Susilo Bambang Yudhoyono at the Presidential Palace in Jakarta, Monday, February 24, 2024 (ANTARA)

JAKARTA - President Prabowo Subianto with the 5th and 6th Presidents of the Republic of Indonesia Susilo Bambang Yudhoyono and the 7th President of the Republic of Indonesia Joko Widodo arrived in a bucket car together ahead of the launch of the Danantara at the Presidential Palace, Jakarta, Monday, February 24.

Based on observations from the Presidential Secretariat's YouTube page, Monday, Prabowo appears to be in the front row seat while President SBY and Jokowi are in second row.

There were also Presidential Guard Troops sitting in the back row.

Prabowo wore a black suit with a blue tie and skullcap. Meanwhile, SBY wore a black suit and blue tie. Meanwhile, Jokowi wore a dark blue suit and a black tie.

The three were immediately welcomed by the Vice President of the Republic of Indonesia Gibran Rakabuming Raka, the 10th and 12th Vice Presidents of the Republic of Indonesia Jusuf Kalla, the 11th Vice President of the Republic of Indonesia Boediono, the 13th Vice President of the Republic of Indonesia Ma'ruf Amin.

President Prabowo Subianto is scheduled to launch the Anagata Nusantara Fund Investment Management Agency (BPI Danantara) at the Presidential Palace, Jakarta, Monday at 10.00 WIB.

The Danantara, which will become Indonesia's sovereign wealth fund, is said to be managing assets worth more than 900 billion US dollars, with an initial projected fund of 20 billion US dollars.

The President said the funds managed by Danantara would be used to finance sustainable and high-impact projects in various sectors, such as renewable energy, advanced manufacturing, downstream industry, and food production.

In its structure, there will be a supervisory board (dewas) and also an advisory board that will be directly appointed by the President.