Summary: Danantara’s US$1.4 billion investment in Garuda Indonesia is a key test of the sovereign wealth fund’s ability to revive troubled state-owned enterprises. The success of Garuda’s turnaround will be crucial for Danantara’s credibility and its broader ambitions to overhaul Indonesia’s state holdings. While investor sentiment has improved, concerns remain about the sustainability of Danantara’s support and the airline’s long-term viability.

Link: https://www.theedgesingapore.com/news/asean/danantaras-us14b-garuda-play-emerges-key-reform-test