Indonesian Political, Business & Finance News

Investment Minister to Collaborate Danantara with GP Ansor's Holding Company BUMA

| Source: GALERT
Jakarta (ANTARA) - Investment and Downstream Industries Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani plans to foster collaboration between Danantara and Badan Usaha Milik Ansor (BUMA), a holding company owned by Gerakan Pemuda (GP) Ansor.

"As the leader or CEO of Danantara, I will naturally look at what collaborations we can pursue. We share the same good and noble intention of safeguarding and building our housing vessel, and most importantly, this (BUMA) will make GP Ansor increasingly self-reliant and standing on its own two feet," he said at the BUMA inauguration ceremony in Jakarta on Wednesday.

He stated that BUMA's establishment could provide a positive impetus for the economy and business climate in Indonesia.

"This is a commendable effort by GP Ansor in achieving economic independence. Not only for its organisation, but also for our nation's economy. If the state created Danantara, GP Ansor has created BUMA, and we can collaborate," he said.

He noted that there are currently 10 business sectors under BUMA that will soon be operational, with the expectation of creating a positive and sustainable business climate.

"Because I always believe that whatever we do will have a positive, sustainable, and continuous impact if the people involved grow and develop, both in terms of knowledge, education, networking, and so forth," he said.

GP Ansor Chairman Addin Jauharudin stated that BUMA would not become an organisation that appears and then vanishes, but rather an initial investment step that will benefit the entire community and operate professionally.

"We expect all management, including commissioners and directors, to manage things professionally because this is a company. I am confident that if managed professionally, this will benefit all parties — the cadres, the managers, and the organisation's coffers," he said.

He emphasised that BUMA's management must maintain integrity and serve the public interest, avoiding business capitalisation that causes harm.

"And I am confident that, with Ansor's prestigious name, this can become an economic capitalisation vehicle, as long as it adheres to the business ethics we have collectively agreed upon — so no business that violates rules or harms others," he said.

He set a target for BUMA's first phase to accumulate approximately Rp50 billion for office operations and working capital under GP Ansor. Currently, there are at least 40,000 micro, small and medium enterprises (MSMEs) under GP Ansor's umbrella.

"From all these entities, the question is how we can store — in the first phase, for example, Rp50 billion — for the organisation's coffers, which we then use as cash reserves. These reserves have three components: one for office operations, and the second for capital," said Addin.
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