AI In-Brief

Thailand News in Brief

Thai PBS World

Thailand and the world, every day

AI can make mistakes. Please double-check.

Sovereign fund Danantara Indonesia names Thaksin in 'dream team'

11 Sept 01:30 Key points summarised by AI

Indonesia's new sovereign fund, Danantara Indonesia, unveiled a high-profile 'dream team' for its strategy, including former Thai premier Thaksin Shinawatra, hedge fund manager Ray Dalio, and economist Jeffrey Sachs in advisory roles.
Launched by President Prabowo Subianto, Danantara aims to manage over $900 billion in state-owned enterprise assets to achieve an 8% growth target by 2029, reinvesting dividends into commercial projects.
The fund's steering committee includes former Indonesian Presidents Joko Widodo and Susilo Bambang Yudhoyono, emphasizing its significant national scope and political backing.
Danantara plans an initial $20 billion investment targeting natural resources processing, AI development, and energy/food security, despite earlier market concerns about the state's expanded economic role.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.