Indonesia is recession-resilient due to its demographic bonus, rich natural resources: MUFG

Late last month, Japanese conglomerate Mitsubishi UFJ Financial Group’s subsidiaries, MUFG Innovation Partners and MUFG Bank, established a US$100-million fund in partnership with Indonesia’s commercial bank Danamon. Called MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership, the fund aims to make strategic investments in local startups that have synergies with Danamon. “We see Indonesia […] The post Indonesia is recession-resilient due to its demographic bonus, rich natural resources: MUFG appeared first on e27.