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Backlash in Indonesia as Danantara courts BlackRock amid Israel arms concerns

Indonesia’s sovereign wealth fund has come under fire for its potential tie-up with BlackRock, as critics warn the US investment giant’s links to arms firms supplying Israel’s military risk compromising Jakarta’s pro-Palestinian foreign policy and undermining its constitutional stance against colonialism. Daya Anagata Nusantara, or Danantara, was launched in February to manage nearly US$900 billion in state assets, increase dividend yields and attract foreign capital. As part of that effort,...


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