Jakarta, May 27 -- Indonesia's state wealth fund, Danantara, emphasized that its newly established critical natural resources export arm will run a profit-oriented business.

"As it happens to be under Danantara, called Danantara Sumberdaya Indonesia (DSI), the initial idea was to become a state-owned enterprise that must be profit-oriented," Danantara CIO Pandu Sjahrir said in Jakarta on Tuesday (May 26).

He added that DSI will initially operate as an agent or intermediary business model before developing other functions according to its human resources capacity.

Pandu also confirmed that the establishment of DSI was proceeding quickly. The export agency was only established last week, and on Monday (May 25) officially became an SOE wi...