Liem Sioe Liong's Salim Group
After Suharto gained power in Indonesia in the mid-1960s, he stayed as the countryas president for more than three decades, helped by the powerful military, hefty foreign aid and support from a coterie of cronies. A pivotal business backer for his New Order government was Liem Sioe Liong, a migrant from China, who arrived in Java in 1938. A combination of the Suharto connection, serendipity and personal charm propelled him to become the wealthiest tycoon in Southeast Asia. This is the story of how Liem built the Salim Group, a conglomerate that in its heyday controlled Indonesiaas largest non-state bank, the countryas dominant cement producer and flour mill, as well as the worldas biggest maker of instant noodles. The book features exclusive input from Liem, who died in 2012, and his youngest son, Anthony Salim. It traces the founderas life and the groupas symbiosis with Suharto, his generals and family. After the tumultuous 1997a98 Asian financial crisis sparked Suhartoas fall and a backlash against the strongmanas cronies, Anthony staved off the crushing of the debt-laden group. Told in a journalistic style, the story of the Salim Group provides insights into Suhartoas New Order. For business executives, students and anyone with an interest in Southeast Asiaas largest economy, the volume makes a valuable contribution towards understanding the countryas modern history.At the palace on 26 February, the chairman of Kia Motors of South Korea, accompanied by Tommy, presented Suharto ten prototypes of Kia Sephia (with a couple of tweaks) that was called, strangely, the aTimora. Suharto donated the vehiclesanbsp;...
| Title | : | Liem Sioe Liong's Salim Group |
| Author | : | Richard Borsuk, Nancy Chng |
| Publisher | : | Institute of Southeast Asian Studies - 2014-05-23 |
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