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Liem Sioe Liong
Sudono Salim (16 July 1916 – 10 June 2012), also known as Liem Sioe Liong, was a Chinese-born Indonesian banker and businessman. He was the richest individual in Indonesia. He was the founder and chairman of the conglomerate Salim Group before handing over its management to his youngest son Anthoni Salim (now the fifth wealthiest person in Indonesia) in 1992. Early life In 1916, Salim was born as Lim Sioe Liong (Lin Shaoliang), in Fuqing, Fujian, China, the second son of a father. According to the Chinese zodiac, he was born in the Year of the Dragon, on the seventh day of the seventh month. In 1936, he left Fujian to join his brother Lim Ke Lok and brother-in-law Zheng Xusheng in Medan, North Sumatra. Salim diversified their peanut oil trading company into the clove market, which was growing rapidly from demand for production. While in Medan, his manufacturing company supplied soldiers of the Indonesian National Revolution with medical supplies and came into contact with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liem
Many ethnic Chinese people have lived in Indonesia for many centuries. Over time, especially under social and political pressure during the New Order era, most Chinese Indonesians have adopted names that better match the local language. History of Chinese Indonesian surnames Colonial era until 1965 During the Dutch colonial era, the Dutch administration recorded Chinese names in birth certificates and other legal documents using an adopted spelling convention that was based primarily on the Hokkien (Southern Min), the language of the majority of Chinese immigrants in the Dutch East Indies. The administrators used the closest Dutch pronunciation and spelling of Hokkien words to record the names. A similar thing happened in Malaya, where the British administrators record the names using English spelling. (For instance, compare Lim (English) vs. Liem (Dutch), Wee or Ooi (English) vs. Oei or Oey (Dutch), Goh (English) vs. Go (Dutch), Chan (English) vs. Tjan (Dutch), Lee (English) vs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jakarta
Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta is the largest city in Southeast Asia and serves as the diplomatic capital of ASEAN. The city is the economic, cultural, and political centre of Indonesia. It possesses a province-level status and has a population of 10,609,681 as of mid 2021.Badan Pusat Statistik, Jakarta, 2022. Although Jakarta extends over only , and thus has the smallest area of any Indonesian province, its metropolitan area covers , which includes the satellite cities Bogor, Depok, Tangerang, South Tangerang, and Bekasi, and has an estimated population of 35 million , making it the largest urban area in Indonesia and the second-largest in the world (after Tokyo). Jakarta ranks first among the Indonesian provinces in human development index. Jakarta's busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles
Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world's most populous megacities. Los Angeles is the commercial, financial, and cultural center of Southern California. With a population of roughly 3.9 million residents within the city limits , Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, being the home of the Hollywood film industry, and its sprawling metropolitan area. The city of Los Angeles lies in a basin in Southern California adjacent to the Pacific Ocean in the west and extending through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to it's east. It covers about , and is the county seat of Los Angeles County, which is the most populous county in the United States with an estim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
May 1998 Indonesian Riots
The May 1998 riots of Indonesia ( id, Kerusuhan Mei 1998), also known as the 1998 tragedy (''Tragedi 1998'') or simply the 1998 event (''Peristiwa 1998''), were incidents of mass violence, demonstrations, and civil unrest that occurred throughout Indonesia, mainly in Medan in the province of North Sumatra (4–8 May), the capital city of Jakarta (12–15 May), and Surakarta (also called Solo) in the province of Central Java (13–15 May). The violent riots were triggered by corruption, economic problems, including food shortages and mass unemployment. It eventually led to the resignation of President Suharto and the fall of the New Order government, which had been in power for 32 years. The main targets of the violence were ethnic Chinese Indonesians, but most of the casualties were caused by a massive fire and occurred among looters. It was estimated that more than a thousand people died in the riots. At least 168 cases of rape were reported, and material damage was valued ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BusinessWeek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indofood
PT Indofood Sukses Makmur Tbk is a major Indonesian company involved in the food industry. The company's headquarters are located in South Jakarta, Jakarta. History Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles business, with its brand Indomie launching in 1972. The company restructured on 14 August 1990 as PT Panganjaya Intikusuma. In 1994, the company was renamed to PT Indofood Sukses Makmur, and was listed on the Indonesian Stock Exchange on 14 July 1994. It is one of the companies owned by the family of Sudono Salim under the Salim Group. In January 2013, as part of a filing for the Indonesia Stock Exchange, Indofood said it is planning to buy 50% of Brazilian sugar-cane processor ''Companhia Mineira de Açúcar e Álcool Participações'', (CMAA) for $72 million. On 17 February 2021, Indofood CBP has officially purchased all of the shares owned by Fritolay Netherlands Holding B.V., an affiliate of PepsiCo at PT Indofood Fritolay Makmur (IFL) w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indocement
PT Indocement Tunggal Prakarsa Tbk. ("Indocement") Indocement is one of the largest cement producers in Indonesia. Today, Indocement and its subsidiaries operate several business units that cover manufacturing and cement sales (core business) and ready-mix concrete, aggregates as well as trass. Indocement has approximately 6,000 employees and 13 factories with annual total production of 24.9 million tons of cement. Ten of its factories are located at Citeureup Factory, Bogor, West Java; two at Cirebon Factory, Cirebon, West Java; and one at Tarjun Factory, Kotabaru Kotabaru Regency is one of the eleven regencies in the Indonesian province of South Kalimantan. It consists of two parts; the smaller but more populated part comprises Laut Island , the largest island off the coast of Kalimantan, together with t ..., South Kalimantan. References External links * {{Authority control Manufacturing companies based in Jakarta Manufacturing companies established in 1975 Cement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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