Economics
Australia Wants to Boost Indonesia FDI With Pension Fund Savings
- Financial Services chief led trade delegation to Indonesia
- Funds are growing rapidly and hunting for investments
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Australia wants to put more of its $2.3 trillion pool of retirement savings to work in Indonesia as the government seeks to strengthen economic ties with its neighbor.
Financial Services Minister Stephen Jones, who led a trade delegation to the Indonesian capital Jakarta this week, said the underdeveloped economic relationship between the two countries needed to catch up with improving diplomatic ties.