Updates

Asian Agri Commits to a Strong Policy on Sustainable Sourcing of Palm Oil

Asian Agri has strengthened its commitment to responsible sourcing for its supply chain, by implementing a policy that requires Asian Agri's independent smallholders and third-party palm oil suppliers to provide legal documentation of its Fresh Fruit Bunches (FFB) sources. This will ensure that the company's FFB supply comes from legal sources – preventing encroachment of natural forest and protected areas, stopping illegal cultivation activities, and establishing a sustainable supply chain.

Entrepreneur Sukanto Tanoto gives scholarships to NUS medical students

Successful entrepreneur and pioneer of a group of manufacturing companies, Mr Sukanto Tanoto, established the Tanoto Scholarship Fund through an endowed gift by the Tanoto Foundation to help needy undergraduate medical students with their tuition fees to pursue their education in the NUS Yong Loo Lin School of Medicine. In the words of Mr Sukanto Tanoto and his wife, Mrs Tinah Bingei Tanoto, “all people should have the opportunity to reach their full potential…Making a difference in people’s lives is, perhaps, the most satisfying thing one can do.”

Tanoto Foundation International and Wharton Launch Tanoto Initiative for Indonesian and ASEAN Studies

Jakarta, 29 July 2013 – Tanoto Foundation International and the Wharton School of the University of Pennsylvania announced today the launch of the Tanoto Initiative, a multi-component program to promote studies and research on ASEAN, with a focus on Indonesia. Starting next month, selected Indonesian universities will collaborate closely with faculties in the Wharton School to offer research grants, academic courses, exchange programs and scholarships aimed at deepening thought leadership and business education in the ASEAN region.

Woodfibre LNG, British Columbia sign deal on natural gas export

Woodfibre LNG, backed by entrepreneur Sukanto Tanoto, has signed a letter of intent (LOI) with the province of British Columbia in the proposed Woodfibre liquefaction and export facility located near Squamish, 70 kilometers northeast of Vancouver. The LOI includes the commitment by the province to formalize its new two-tier tax on LNG export terminals by Nov 30 and Woodfibre LNG expects to complete a project-development agreement with the government by the end of the year.

HKUST Receives Donations from Tanoto Foundation and Mr James E Thompson to Boost Study on Asian Family Business and International Business Related Cases

China Business News

Mr Sukanto Tanoto, Chairman of RGE Group and Founder of Tanoto Foundation, donated to the Hong Kong University of Science and Technology (HKUST) to boost the study on Asian family business, entrepreneurship and business cases. In appreciation of this act of generosity and support, the University named the Tanoto Center for Asian Family Business & Entrepreneurship Studies in his honor.