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In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history. [5]
Jababeka's founder S.D. Darmono on Jababeka's 16th birthday. PT Jababeka Tbk was established in 1989. In the same year, the development of industrial estate took place in Cikarang, known as Jababeka Industrial Estate, while the residential estate was started being developed three years later.
The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, [a] the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. [1]
Tomy Winata (pronounced [ˈtomi wiˈnata] and sometimes misspelled as Tommy Winata; born Guo Shuo Feng, Chinese: 郭說鋒 on 23 July 1958) is an Indonesian businessman with interests in banking, property, and infrastructure, whose wealth comes from his business deals for the Indonesian Military.
Asia Pulp & Paper (APP) is an Indonesian pulp and paper company based in Jakarta, Indonesia.One of the largest pulp and paper companies in the world, it was founded as Tjiwi Kimia by Eka Tjipta Widjaja in 1972.
Indofood is an Indonesian producer of various foods and drinks, headquartered in Jakarta. The company was established on 14 August 1990 as PT Panganjaya Intikusuma, then later on 5 February 1994 its name was changed to Indofood Sukses Maksur.
Pertamina fuel station in Bali. PT Pertamina (Persero) [a] is an Indonesian state-owned oil and natural gas corporation, headquartered in Jakarta. [2] It was created in August 1968 by the merger of Pertamin (established 1961) and Permina (established in 1957).
The group also owns a 5% share (95% retained by Toyota Motor Corporation) in PT Toyota Motor Manufacturing Indonesia, which owns 5 manufacturing facilities. [ 6 ] Daihatsu , through PT Astra Daihatsu Motor , which distributes and own manufacturing facility, a joint venture between Astra International, Daihatsu , and Toyota Tsusho . [ 7 ]