Sumitomo Corporation announced over the weekend a capital injection of Rp2.4 trillion or around US$218 million into two of its subsidiaries dealing with automotive financing PT Oto Multiartha and PT Summit Oto Finance—both are bond issuers listed at Indonesia Stock Exchange (IDX). But Sumitomo’s operation is clearly way beyond finance. This is the one of the largest groups with vast business interests in Indonesia, from minerals to LNG, and from steel to property.

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