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Sinar Mas was founded by a Chinese Indonesian tycoon, Eka Tjipta Widjaja. Sinar Mas businesses operate in different sectors such as pulp & paper, real estate, financial services, agribusiness, telecommunications, and mining. The businesses are listed in the Indonesian and Singapore stock exchanges.
Asia Pulp & Paper was founded as Tjiwi Kimia by Eka Tjipta Widjaja who at the time was a refiner of coconut oil. In 1972 he started Pabrik Kertas Tjiwi Kimia along with Taiwanese investors with the purpose of making paper. [1]
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The BUMN Untuk Indonesia ("SOEs for Indonesia") campaign was launched by the Ministry of State Owned Enterprises in April 2020; [1] this logo was introduced together with a rebranding of the Ministry and the introduction of the AKHLAK core values across all state-owned enterprises effective on 1 July 2020.
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.
In October 2015, Wilmar and Sinarmas, reportedly involved with the case of forest fires in Indonesia that led to the island of Sumatra and Kalimantan burn and cause catastrophic smog. [33] In 2018, a Greenpeace International report asserted that Wilmar International is "the biggest and dirtiest palm oil trader in the world". [34]
PERURI is a State-Owned Enterprise (BUMN) that was established through Government Regulation Number 60 of 1971, [1] the result of a merger between the State Company (a.k.a PN) Pertjetakan Kebajoran (a.k.a Perkeba) which has a banknote printing business, with PN Arta Yasa which has a coin making business.
In 2016 NGOs Greenpeace and WWF suspended partnership with APRIL Group after RAPP dug a canal through peat forest in breach of government regulation. [11] APRIL’s independent Stakeholder Advisory Committee accepted that the incident was the result of unintentional mistakes in interpreting and implementing government regulation.