อินโดนีเซียเปิดกองทุน 30 ล้านล้านบาท ลงทุน AI ดาต้าเซ็นเตอร์ ฯลฯ ใหญ่กว่า GDP ไทย!
Summary
Indonesia launched a sovereign wealth fund of $900 billion — around 30 trillion baht, larger than Thailand’s entire GDP.
Its investment plan covers AI, data centres, nickel and energy: the industries Indonesia intends to hold a position in.
Part of the funding comes from President Prabowo Subianto cutting government agency budgets by up to 50% to redirect the money.
The model is Singapore’s Temasek, though the structure and context differ considerably.
The question that follows is why Thailand still has no sovereign wealth fund of its own.
Key points
The fund is larger than Thailand’s GDP
That comparison captures the difference in scale better than anything else.
It invests where the country already has an advantage
Nickel and energy are assets Indonesia already holds.
A 50% cut to agency budgets funded it
That is a politically expensive decision requiring real resolve.
Temasek is the template
Though Temasek was built in a very different context and at a different scale.
Thailand’s question is not only about money
It is whether the governance exists to run a fund of that size.