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Sinar Mas is one of the eight companies responsible for sending hazardous level of smog to Singapore and Malaysia. Yet, company said forest fires within concession areas did not mean that it was the company that had started the fire. Sinar Mas had not been involved in any deforestation since 2013 and have zero burning policy since 1997. [15]
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Fuganto Widjaja (born 1980/1981) is an Indonesian billionaire businessman.. Fuganto Widjaja is the grandson of Eka Tjipta Widjaja, the founder of the Sinar Mas Group, an Indonesian palm oil and property conglomerate started before the Second World War.
Widjaja was born Oei Ek Tjhong (c. 1921 [a] –2019, born in Quanzhou, China as Oei Ėk-Tjhong) [7] He was the son of a Celebes-based trader. [8]Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.
PT Bank Sinarmas Tbk is a subsidiary of Sinar Mas Multiartha engaged in banking.To support its business activities, by the end of 2020, the bank has 69 branch offices, 134 sub-branch offices, 140 cash offices, 28 sharia branch offices, and 12 sharia cash offices.
Central Asia Insurance is known as "Asuransi Central Asia" or "ACA Asuransi", and is one of the five most important Indonesian insurance company, [1] with 76 branch office and representative offices around Indonesia. The ACA company was established in 1956 with the name "Oriental NV" .On 5 August 1958 it was renamed "PT. Asuransi Central Asia".
In September of 2018, Etiqa International Holdings acquired a majority stake of 75% in PT Asuransi Asoka Mas, an Indonesian-based general insurance company. [10] EIHSB acquired 750 million shares for approximately RM 64.92 million from PT Transpacific Mutualcapita which kept the remaining 25% stake in Asuransi Asoka.
Golden-Agri Resources (GAR) is a Singaporean palm oil company, listed on the Singapore Stock Exchange since 1999. [1] In May 2015, its market capitalization was $4.1 billion. [2]