00:00In addition to requiring peace and stability, growth requires statecraft and capital, in particular the efficient allocation and re-allocation of capital.
00:16That is why last February, we established our Sovereign Wealth Fund, Danantara Indonesia.
00:32Danantara means the energy to power the future of Indonesia.
00:39Danantara is a sovereign wealth fund with US$1 trillion in assets under management.
00:48With Danantara, I can stand here in front of you as an equal partner.
00:59That is why we built Danantara with strong oversight and institutional responsibility.
01:07And we try to find the best executives to direct the leadership of Danantara.
01:19Danantara now manages 1,044 state-owned enterprises.
01:27We are going to bring this down to around, at most, 300.
01:37We will rationalize.
01:39We will get rid of inefficiency.
01:42We want the best governance and the best management under international standards.
01:53I have allowed Danantara to recruit expatriates, foreign citizens, to be able to lead these companies.
02:03We want the best brains and the best minds in the world.
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