Singapore/Jakarta | Indonesia’s sovereign wealth fund is finally open for business and the government of President Joko “Jokowi” Widodo has made some important concessions in a bid to attract foreign capital.

Since legislation establishing the fund, known as the Indonesian Investment Authority (INA) was passed late last year, enabling regulations have been finalised. The fund’s managers are seeking foreign investors, making their pitch to secure what the government hopes will be $US100 billion ($127 billion) in capital within two years.