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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.
In December 1976, Indah Kiat was formed as a joint venture between CV Berkat (an Indonesian company), Chung Hwa Pulp Corporation, and Yuen Foong Yu Paper Manufacturing Company. Sinar Mas acquired 67 per cent of the venture's total shares. [3] Tjiwi Kimia was listed on the Jakarta and Surabaya Stock Exchanges beginning in 1990.
PT Bank Sinarmas Tbk is a subsidiary of Sinar Mas Multiartha engaged in banking. To support its business activities, by the end of 2020, the bank has 69 branch offices , 134 sub-branch offices, 140 cash offices, 28 sharia branch offices, and 12 sharia cash offices.
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Located in the Riau province of Indonesia, APRIL operates one of the world’s largest pulp and paper mills. [8] With an annual pulp production capacity of 2.8 million tons and an annual fine paper production capacity of 820,000 tons, [9] it generates employment opportunities for 90,000 local people and represents 6.9% of Riau Province’s economic output (2009).
Widjaja was born Oei Ek Tjhong (c. 1921 [a] –2019, born in Quanzhou, China as Oei Ėk-Tjhong) [7] He was the son of a Celebes-based trader. [8]Around 1930, he and his mother moved to Indonesia–then the Dutch East Indies–to join his father who had already settled in Makassar, Sulawesi, and he started helping his father to run a small shop.
This is a list of noble titles commonly used at the Surakarta and Yogyakarta courts, including the Mangkunegaran and Pakualaman palaces. As the symbols and centres of Javanese culture, the sovereigns of both these courts still hold high esteem in Javanese society and Indonesian society in general.
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.