TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Thursday, March 13, 2025. Here are the highlights: Danantara Won't Pledge Government Shares, Says Deputy Minister of Finance; President Prabowo Wants More Research Fund up to 1% of GDP; and G7 Foreign Ministers Converge; Talks Focus on Ukraine Peace and China's Influence.

The following is the list of the top 3 news on Tempo English today:

1. Danantara Won't Pledge Government Shares, Says Deputy Minister of Finance TEMPO.CO, Jakarta - Deputy Minister of Finance Thomas Djiwandono addressed the role of the Sovereign Wealth Fund, Danantara. He clarified that the investment institution is designed to bolster the function of state-owned enterprises (SOEs).

Thomas, who is the nephew of President Prabowo Subianto, emphasized that Danantara has the authority to manage dividends. However, he ensured that it will not engage in the pawning of government shares in SOEs.

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2. President Prabowo Wants More Research Fund up to 1% of GDP 

TEMPO.CO, Jakarta -  President Prabowo Subianto is working towards increasing research funding for higher education institutions in Indonesia to 1 percent of the country's gross domestic product (GDP). This is expected to help drive national economic and industrial growth.

This information was shared by Minister of Higher Education, Science, and Technology, Brian Yuliarto, following a meeting and discussion between the President, university rectors, and leaders of state and private higher education institutions in Jakarta. 

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3. G7 Foreign Ministers Converge; Talks Focus on Ukraine Peace and China's Influence  

TEMPO.CO, Jakarta - G7 foreign ministers convened at a small Canadian resort on Wednesday, initiating discussions on critical global issues ranging from the ongoing war in Ukraine to strategic challenges posed by China's growing influence in the Indo-Pacific region.

Diplomats representing Britain, Canada, France, Germany, Italy, Japan, and the United States, along with the European Union, are set to formally commence their talks in La Malbaie, Quebec, on Thursday. This meeting occurred just two days after the United States and Ukraine reached an agreement to resume military aid and intelligence sharing, signaling a renewed effort to strengthen their relationship.

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