Weekly investor roundup: Indonesia Investment Authority signs first infrastructure deal; Singapore's MAS tightens family office tax rules
Indonesia's new sovereign wealth fund to invest $2.72 billion in toll roads; Singapore's MAS tightens tax criteria for family offices; Harvard University's endowment among risk-averse US institutional investors looking to reduce commitments in China; and more.
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The Indonesia Investment Authority (INA) has signed an agreement with state-owned construction companies Hutama Karya and Waskita Karya to invest $2.72 billion in the construction of toll roads in Sumatra and Java, the sovereign wealth fund said on April 14.
The investment marked the fund’s first foray into the country's infrastructure development. The Ministry of Finance estimates that Indonesia needs $449 billion to develop its infrastructure between 20…
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