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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.
In 2022, the Ministry of Industry estimated that Indonesia's pulp and paper industry employed 161,000 workers directly and 1.2 million workers indirectly. The industry had an installed production capacity of 12.1 million tonnes of pulp and 18.3 million tonnes of paper annually, the eighth-largest in the world. [9]
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.
In 1948, Johannes Ferdinand Katuari (Oen Jong Khing) and Harjo Sutanto (Tan Siek Miauw), the co-founders of Wings, began producing a simple laundry soap in their backyard, using limited resources.
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.
Sinar Mas Land is an Indonesian real estate development company, which is a subsidiary of Sinar Mas Group. It combines two big developers, Bumi Serpong Damai and Duta Pertiwi. It combines two big developers, Bumi Serpong Damai and Duta Pertiwi.