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Indonesia injects $4.2b into sovereign wealth fund to get massive tasks rolling The injection is a part of the government’s plan to inject Rp 75 trillion ($5.three billion) into the sovereign wealth fund this yr to finance infrastructure, tourism and know-how tasks. The Papua New Guinea Tourism Promotion Authority officially launched the Enga Cultural Festival on Friday ninth Business News August in Wabag, Enga Province. The festival, famend for celebrating the rich tradition of Enga Province, marked a major milestone this 12 months with its thirtieth Anniversary. Honourable Sir Peter Ipatas, Governor of Enga Province, expressed his gratitude for TPA’s…

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Minister Maru remarked, “Indonesia’s economy has grown tenfold during the last 20 years, driven in part by the government’s policy of banning raw materials exports. Minister Maru added, “While Indonesia has historically relied on imports of manufactured goods, advanced technology, and technical abilities, it has successfully transitioned from a main sector economy to a minimum of one focused on secondary and tertiary industries. “Downstream processing has been highly profitable in Indonesia, creating 1000’s of jobs, transferring higher-value abilities, and introducing advanced technological processes. The Union Cabinet has approved the PM E-Drive Scheme, replacing the previous FAME programme, with a budget…