Category: Profiles

The mysterious Akidi Tio

On Monday, July 26, prof dr Hardi Darmawan, family doctor of the late Akidi Tio, handed over Rp2 trillion of cash to help South Sumatra province in fighting the Covid-19 pandemic. The US$140 million donation is part of Mr Tio’s last will to his family. It sparked nationwide Google search on Mr Tio’s background. Most of all, it triggered questions among Indonesians about richer and richest conglomerates in the country.

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Paiman Mak passes away

Paiman Mak, chairman of Indonesian Association for Religion and Culture (IARC) and chairman of Asia Pacific Bonsai & Suiseki (ASPAC), passed away in Depok, West Java province last Thursday. Mr Mak is known for his role in promoting Indonesia-China relationship. Last May, secretary general of Indonesian Council of Ulemas (MUI) Amirsyah Tambunan gave Mr Mak an award for his role as ambassador of friendship between Indonesian moslems and China. 

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Henry Soetio passes away

Businessman Henry Soetio (49 years old), known for his lifestyle and friendship with high-profile politicians, has passed away this week from Covid-19. Henry, who collects tens of luxury cars, leaves behind some companies involved in the coal mining business.

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Soetantyo passes away

H Achmad Soetantyo (Tan Tjoe Giem), founder of Djitoe Group, has passed away on Saturday (July 10). Djitoe Group is a diversified business group with interest in cigarette and stationary products plus property and real estate development, particularly in Central Java province. 

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Kayo Salim passes away

Kayo Salim, founder of Fikasa Group—-used to own substantial shares in PT Miwon Indonesia (MSG player), has just passed away in Jakarta at 86. He leaves behind four children, including two sons who have interest in some companies listed on Indonesia Stock Exchange (IDX).

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Those leaving us

Saptari Hoedaja, long-time CEO of Bumi Resources (BUMI), the largest coal group in the country, has passed away on Sunday (July 4) at MMC Hospital, South Jakarta. Harmoko, the longest serving minister of communication during Soeharto regime, also passed away Sunday. Earlier, we have seen the passing of some politicians, including Jane Shalimar, Emmy Hafild, and Rachmawati Soekarnoputri.

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Heddy Soerijadji Passes Away

Businessman Heddy Soerijadji has passed away in Singapore on Tuesday, June 29. Heddy is long-time business partner of Toba Bara Sejahtera (TOBA), a coal company controlled by the family of Luhut Binsar Pandjaitan (coordinating minister for maritime and investment affairs).

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On Joker’s Case: Pinangki’s Appeal

It has been over four months since the Panel of Judges of the Corruption Court of the Central Jakarta District Court read its decision on those who supposedly helped Joko Soegiarto Tjandra, including former prosecutor Pinangki Sirna Malasari. Pinangki was found guilty of evil conspiracy, money laundering, and bribery and because of that the Panel of Judges handed to her a sentence nearly twice more severe than what the prosecutor had demanded. The public praised said decision, but unfortunately, on the stage of appeals the Panel of Appeal reduced Pinangki’s sentence.

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Bank INA & Salim Group

We have long speculated about what Salim Group would do following the acquisition of Bank INA Perdana (BINA). After a relatively slow start, BINA has in the past few months expanded significantly, thanks to broader support from the so-called ‘Salim Group Ecosystem’. 

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