Indonesian President Prabowo Subianto’s new sovereign investment fund, Danantara, aims to oversee a $20 billion fund for strategic projects, but faces skepticism due to recent scandals, including corruption within state energy company Pertamina and the collapse of major firms like Sritex and eFishery. Despite concerns about governance and oversight, Prabowo is pushing forward with plans to consolidate state-owned enterprises and invest in key areas like renewable energy. Anti-corruption activists fear potential misuse of funds and weakening of law enforcement agencies, but Prabowo assures transparency and accountability in Danantara’s management.
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'It was all lies': What workers can do when employers pay wages late, or not at all
Raymond, an employee at TechTV Network, has not received his full salary since October 2024, accumulating arrears of S$55,000 despite assurances from the company's CEO about securing funds. Multiple employees have reported similar issues, leading to an investigation by the Ministry of Manpower, while TechTV cites external financial challenges for its inability to pay salaries. Explain It To Me Like I'm 5: Raymond, a man in his 50s, has not been paid his full salary...
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