Jakarta, Jan. 1 -- Indonesia's sovereign wealth fund Danantara has targeted Rp1 trillion, or about US$60 million, in corporate social responsibility (CSR) funds from state-owned enterprises (SOEs) to support disaster relief efforts in Sumatra.

Speaking during a meeting in Aceh on Thursday, Danantara CEO Rosan Roeslani told President Prabowo Subianto that the CSR funds are being used to develop temporary housing for flood survivors.

He said the involvement of SOEs allows the government to respond quickly to disasters, avoiding budgetary and administrative constraints that often delay the disbursement of state funds.

Roeslani added that SOEs have so far disbursed Rp655 billion for the development of the temporary housing complex.

The ho...