Danantara Establishes Trust Fund with US$100 Million Annual Allocation
JAKARTA — Danantara's Chief Executive Officer (CEO) and Minister of Investment for Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, has conveyed Danantara's strategic commitment to strengthening the role of state wealth funds through the establishment of the Danantara Trust Fund.
He revealed that Danantara is currently forming the Danantara Trust Fund as part of a strategic step to expand social impacts and sustainable development. Rosan said that Danantara was committed to allocating up to 2.5 per cent of the company's dividend payment ratio into the fund.
"We are also forming a Danantara Trust Fund. In our internal discussion, we are committed to setting aside up to 2.5 per cent of our dividend payment ratio. If we look at the figures, every year we will allocate at least 100 million US dollars into the Danantara Trust Fund," said Rosan via the Presidential Secretariat's YouTube channel on Wednesday, 7 May.
According to him, over the next five to six years, the total funds will grow to up to 1 billion US dollars.
Furthermore, Rosan said this opens up opportunities for cooperation with Bill Gates and the founder of the Gates Foundation, given their common focus in various strategic sectors such as education, health, sanitation, and poverty alleviation.
"This opens up potential opportunities for cooperation with the Gates Foundation. We also have a harmonious focus in several sectors such as education, health, sanitation, and poverty alleviation," he explained.
According to him, this is part of collaborative efforts to have a wider positive impact.
He revealed that Danantara is currently forming the Danantara Trust Fund as part of a strategic step to expand social impacts and sustainable development. Rosan said that Danantara was committed to allocating up to 2.5 per cent of the company's dividend payment ratio into the fund.
"We are also forming a Danantara Trust Fund. In our internal discussion, we are committed to setting aside up to 2.5 per cent of our dividend payment ratio. If we look at the figures, every year we will allocate at least 100 million US dollars into the Danantara Trust Fund," said Rosan via the Presidential Secretariat's YouTube channel on Wednesday, 7 May.
According to him, over the next five to six years, the total funds will grow to up to 1 billion US dollars.
Furthermore, Rosan said this opens up opportunities for cooperation with Bill Gates and the founder of the Gates Foundation, given their common focus in various strategic sectors such as education, health, sanitation, and poverty alleviation.
"This opens up potential opportunities for cooperation with the Gates Foundation. We also have a harmonious focus in several sectors such as education, health, sanitation, and poverty alleviation," he explained.
According to him, this is part of collaborative efforts to have a wider positive impact.