Indonesia’s parliament has approved a draft law to create the Danantara sovereign fund, the Jakarta Globe reported.
Danantara’s main tasks will be to consolidate the management of state-owned enterprises and deal with their investments and dividends, and the passed law will allow it to raise start-up capital of at least 1 quadrillion Indonesian rupiah ($61.3 billion).
Authorities have signaled that the fund’s portfolio will be based on seven large state-owned enterprises from the banking (Bank Mandiri, Bank BRI, Bank BNI), mining, energy (Pertamina, PLN) and telecommunications (Telkom Indonesia) sectors.
Danantara will manage approximately $600 billion in assets, including from the existing sovereign fund Indonesia Investment Authority (INA). The figure is expected to grow to $982 billion over time, making Danantara the world’s fourth-largest sovereign fund after structures in Norway, the UAE and China.
The finance ministry-controlled INA is expected to be integrated into Danantara, which will report directly to the president. INA was formed in 2020 to manage $10.5 billion in assets and capital, but began operations the following year. Danantara was originally scheduled to launch in November 2024.
The U.S. Postal Service is suspending the acceptance of parcels from China and Hong Kong until further notice, U.S. media reported.
A statement on the USPS website said it would not affect letters and regular mail from China and Hong Kong.
The reason for this decision is not specified.
However, media outlets emphasize that this comes after US President Donald Trump revoked the “de minimis” rule for China, which allowed small parcels worth less than $800 to enter the US duty-free.
The rule was repealed as part of the introduction of a 10% duty on goods from China and Hong Kong.
As the media noted, the new rule could affect e-commerce sites such as Shein and Temu.
InVenture reports on the sale of Raikivskyi granite quarry1 and crushed stone plant. The portal writes that the business operates stably and permanently, is equipped with high-quality machinery and equipment, and the well-coordinated work of the team ensures quality and uninterrupted operation. The company used the facility for its own construction needs.
Location: Zhytomyr region, Berdychiv district, the village of Rayky.
Raiky crushed stone plant is located 40 minutes from the regional center, Zhytomyr. It has a convenient infrastructure, making it easy to transport materials. A railway station is located nearby, which significantly expands the routes and volumes of raw materials supply. There are also access roads – an asphalt and a gravel road.
Raikivskyi Granite Quarry LLC extracts granite at the Raikivske deposit (site No. 2) on the basis of a special subsoil use permit No. 5856 (valid until 2033, not suspended).
The neighboring site “Quarry No. 1” Raikivske field was previously developed by the State Enterprise of the State Criminal Executive Service of Ukraine (SECSU) No. 73 (special permit No. 4074 has been terminated).
The total area of the facility is 4.5280 hectares, and the approved reserve of raw materials for extraction is more than 10 million tons, with approximately 10 million tons of unconfirmed reserves.
The company has a license for official mining and processing of rock mass.
Its main products are crushed stone, rubble stone, and crushed stone and sand mixture.
The quarry has its own fleet of vehicles used for the extraction and transportation of raw materials. There are such special vehicles as MAN, MAZ, KAMAZ, DAF, SCHMITZ.
There are special rooms for changing personnel, a room for electrical equipment and a control panel, and a security room.
The entire territory of the facility is guarded and video surveillance is carried out throughout the quarry.
The plant has all the equipment necessary for the extraction of raw materials, crushing them into fractions, transportation and weighing, such as
Staff: 30 employees
Fractions: 0.05-20 mm, 0.05-40 mm (C-7), 0.05-70 mm (C-5).
The insurance company VUSO (IC “VUSO” Kiev) has carried out the first insurance cases under the new law on compulsory insurance of motor liability of owners of land vehicles, which came into force on January 1, 2025.
One of the first settled cases occurred already on January 13, 2025. As a result of a traffic accident caused by the fault of another driver, the VUSO client’s car received mechanical damage. At the time of the accident, the victim had a “new” VUSO car insurance policy. Within the framework of the updated legislation, the repair compensation was paid directly to the account of the service station chosen by the client. The term of settlement amounted to 7 days.
IC VUSO was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, is represented in all regions of Ukraine. It is a member of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), the League of Insurance Organizations of Ukraine and a member of the Nuclear Insurance Pool.
Consular services for Ukrainians abroad and a number of other new services will appear in “Diya”, said Deputy Prime Minister for Innovation, Development of Education, Science and Technology – Minister of Digital Transformation of Ukraine Mikhail Fedorov.
“The application and portal “Diya” turns five years old. During this time, more than 40 services and 130 services have appeared there. Here are the plans of “Dia” for the future….. “eConsul”. In “Diya” Ukrainians abroad will be able to order a passport or ID-card, driver’s license, taxpayer card and pick up at the place of stay,” – wrote Fedorov in his Telegram channel on Wednesday.
In addition, he said, the digitalization of death-related services will take place with the help of Diya. At the first stage in the application it will be possible to obtain a death certificate, state registration of death, as well as transfer data to registries, to issue assistance for burial.
Fedorov announced a service to change the surname in “Diya” with a comprehensive reissuance of documents. There will be introduced “eNotary” – an electronic system that will integrate all notarial processes.
New services for drivers will be created. “Dia” will expand the possibilities of re-registration of vehicles (TS), will add the possibility to change the technical passport, to register TS after customs clearance, the note says.
Deputy Prime Minister announced the appearance in “Diya” AI-assistant, to which Ukrainians will turn if there are problems in interaction with the state. For partners who want to integrate services of “Dia”, AI-chatbot “Natalka” is already working, reminded Fedorov.
Communal enterprise “Kyivpastrans” on February 3 announced a tender for compulsory insurance of civil liability of owners of land vehicles (MTPL) category D1, D2, C2, E 870 units.
As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of insurance services is 16.672 million UAH. Applications for participation in the tender are accepted until February 12.
