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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.
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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 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.
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.
BSD City, formerly referred to Bumi Serpong Damai is a planned community located within Greater Jakarta in Indonesia. [3] [4] The project was initiated in 1984 by a group of private developers and started in 1989.
Gandi Sulistiyanto Soeherman (born February 13, 1960) is a businessperson, an Indonesian diplomat, and former Managing Director of Sinar Mas Group. He serves as the Indonesian Ambassador to South Korea.