Jakarta, May 7 -- Danantara CEO Rosan Roeslani announced plans to form a philanthropic body, Danantara Trust, and invited the Bill & Melinda Gates Foundation to collaborate.

He stated that the Danantara Trust philanthropic body is intended to allocate 1-2.5 percent of Danantara's annual dividends to philanthropy.

"We have run the numbers, and at the beginning of the year, we will put in US$100 million. In the next five to six years, we can give US$1 billion to the Danantara Trust Fund," he stated during a press conference at the Presidential Palace, Jakarta, on Wednesday.

Roeslani explained that the Danantara Trust will support empowerment programs in various fields, including education and health.

He said this plan had been communica...