JAKARTA, May 8 (NNN-ANTARA) – Indonesia’s super holding agency, Danantara, is in the process of establishing a trust fund, which is expected to manage up to one billion U.S. dollars, over the next five to six years, a senior official said, yesterday.
This was announced by Rosan Roeslani, head of Danantara and Indonesian minister of Investment and Downstreaming, in Jakarta.
The Daya Anagata Nusantara Investment Management Agency, known as Danantara, is Indonesia’s newly established super holding agency, tasked with consolidating state-owned enterprises and optimising their dividends and investments. Modelled after Singapore’s Temasek Holdings, Danantara is projected to manage assets worth around 900 billion dollars.
Roeslani noted that, the trust fund would support education, sanitation, and poverty alleviation initiatives.
He also emphasised Indonesia’s ambition to become a regional hub for philanthropy in Southeast Asia, saying, the government is actively inviting global entrepreneurs and philanthropists to contribute to the initiative.– NNN-ANTARA
