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Djarum
PT Djarum (; ) is an Indonesian ''kretek'' (clove cigarette) manufacturer and conglomerate based in Kudus, Central Java. It produces dozens of domestic and international brands. Djarum Black, Super, and L.A. Lights are among the most popular products of Djarum. Under its direct parent, PT Dwimuria Investama Andalan (also known as Djarum Group), it has non-cigarette business lines in technology, banking, and food. The company owns the PB Djarum, a professional badminton club, the Italian football club Como, and was the main sponsor of Liga 1, Indonesia's top football league from 2005 to 2011. History In 1951, Oei Wie Gwan, an Indonesian businessman who immigrated from China in 1920, acquired NV Murup, a nearly defunct cigarette company in Kudus, Central Java. NV Murup's most popular brand of cigarretes was called ''Djarum Gramofon'' (); Gwan shortened the name to ''Djarum'' (needle). The company nearly collapsed in 1963 when its factory was destroyed in a fire around the ...
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PB Djarum
PB Djarum is an Indonesian badminton club in Kudus, Central Java. The club was founded at the Djarum ''brak'' (cigarette factory) located at Jl. Bitingan Lama (now called Jl. Lukmonohadi) No. 35 in Kudus in 1969. Djarum's CEO, Budi Hartono, encouraged the use of an on-site badminton court among his employees. A young athlete, Liem Swie King, played well, leading Budi Hartono to seriously develop the Kudus community's activities into the PB Djarum organization. PB Djarum's name gained recognition when Indonesia won the Thomas Cup in 1984 in Kuala Lumpur, Malaysia. At that time, out of eight players, seven came from PB Djarum, namely, Liem Swie King, Hastomo Arbi, Hadiyanto, Hariamanto Kartono, Rudy Heryanto, Christian Hadinata, and Hadibowo. The eighth player was Icuk Sugiarto. History *1969 – PT Djarum's employees regularly practiced badminton at ''brak'' Bitingan Lama. *1970 – Brak turned out to be a popular exercise spot for Djarum's employees. *1972 – PT Djaru ...
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Robert Budi Hartono
Robert Budi Hartono (born 28 April 1941) is an Indonesian tobacco billionaire with a net worth of US$25.3 billion as of September 2023. He owns and runs the privately held Djarum, the world's third-largest maker of clove cigarettes. Djarum has reportedly recently grabbed shares from the number two cigarette firm, Sampoerna. Budi Hartono also has a stake with his brother, Michael Bambang Hartono in one of Indonesia's biggest banks, Bank Central Asia, formerly controlled by billionaire Sudono Salim. According to ''Forbes'', he is the second richest Indonesian and the 61st richest person in the world. Career Starting from scratch Mr. Oei Wie Gwan bought a small business in the field named Djarum clove gramophone. In 1951, he changed its name to Djarum. Oei began marketing cigarettes under the brand "Djarum" which turned out to be successful in the market. After a fire nearly gutted the company in 1963 (Oei died shortly afterward), Djarum back up and modernize their equipment i ...
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Djarum Black
Djarum Black (stylised as DJARUM BL∆CK) is an Indonesian brand of kretek (clove cigarettes and cigars), currently owned and manufactured by Djarum. History It is sold in a stretched pack, two cigarettes wide and ten cigarettes long. The cigarette itself is black, flavored paper. The cigarette features a clove flavor both in scent and taste, and the paper has a sweet taste. It is made with natural Indonesian tobacco, and is widely distributed throughout the world. Legal status in the United States A federal law passed in the United States in 2009 made it illegal for tobacco shops and stores to carry cigarettes that contain flavors other than menthol. The law affects the Djarum Black cigarette brand and has made it unavailable for purchase within the United States. Now to sell any type of kretek in the US it must be classified as a cigar, i.e. wrapped in tobacco leaf rather than paper. The current Djarum Black cloves are now rolled in tobacco paper. As of 2010, in the United St ...
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Como 1907
Como 1907 () is an Italian professional football club based in Como, Lombardy. The club competes in the Serie A, the first tier of Italian football league system, Italian football, after achieving promotion in the 2023–24 Serie B, 2023–24 Serie B season. Founded in 1907 as Como Foot-Ball Club, the club adopted royal blue as its colours, and has played its home matches in 13,602-capacity Stadio Giuseppe Sinigaglia since 1928. The club currently has the richest club owners in Italian football after the club was bought by the Hartono brothers (Robert Budi Hartono and Michael Bambang Hartono) through Djarum, Djarum Group in 2019. The club's minority shareholders include its current head coach, Cesc Fàbregas, and football legend Thierry Henry. Como's first season in the top flight of Italian football was in the 1913–14 Prima Categoria, and remained there until relegation in 1922. Como secured their illustrious history in the :it:Prima_Divisione_1930-1931, 1930–31 season, as ...
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Michael Bambang Hartono
Michael Bambang Hartono (born 2 October 1939) is an Indonesian billionaire heir and businessman. Michael and his brother Robert Budi are the owners of kretek (clove cigarette) manufacturer Djarum, which they inherited from their father Oei Wie Gwan upon his death in 1963. Growing the business to a large conglomerate including Bank Central Asia, electronics, plantations and various properties, they became the richest in the country with Michael himself having a net worth of $25.1 billion as of December 2024. Early life Michael Hartono was born on 2 October 1939, in the town of Kudus, in Central Java. His father, Oei Wie Gwan, had purchased a small Kretek cigarette factory called ''Djarum Gramophon'' (lit: Gramophone needle) in April 1951, and renamed it to just ''Djarum''. In 1963, however, the factory burned down and shortly thereafter Oie Wie died, leaving Michael and his younger brother Robert Budi Hartono to inherit the factory. After completing his highschool in Kudu ...
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Oei Wie Gwan
Oei Wie Gwan () was a Chinese Indonesian businessman, originally from the Lasem Regency of Central Java Provincial Region of Indonesia who founded the Djarum company. Career First business venture His first business venture was the establishment of a fireworks factory in the 1930s under the brand Leo, located in Rembang, Central Java. Leo became a leading fireworks brand in Indonesia. Sometime in 1938, his factory exploded, killing and injuring some of its workers. Nonetheless, his factory was rebuilt and continued producing fireworks. It continued producing fireworks throughout the Second World War until it shut down business after Indonesia's proclamation of Independence. Djarum In 1951, Oei Wie Gwan purchased a small business named Djarum Gramophon, which literally translates to "gramophone needle". The company was established on 21 April 1951 on Bitingan Kudus Street with 10 employees. The small-time venture soon took off. Kretek became Oei Wie Gwan's business of ch ...
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Kretek
Kretek () is a type of Indonesian cigarette made with a blend of tobacco, cloves and other flavors. They are available filtered or unfiltered. The word "kretek" itself is an onomatopoetic term for the crackling sound of burning cloves. Partly due to favorable taxation compared to filtered "white" cigarettes, kreteks are by far the most widely smoked form of cigarettes in Indonesia, where they are preferred by about 90% of smokers. In Indonesia, there are hundreds of kretek manufacturers, including small local makers and major brands. Most of the widely known international brands, including Sampoerna, Bentoel, Nojorono, Djarum, Gudang Garam, and Wismilak originate from Indonesia. Nat Sherman of the United States produced cigarettes branded as "A Touch of Clove" but they were not true kreteks, since there was clove flavoring infused into small crystals located inside the filter, rather than actual clove spice mixed with the tobacco. Kreteks often serve as a base for Indone ...
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Bank Central Asia
PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA), is an Indonesian bank founded on 21 February 1957. It is the largest private bank in Indonesia, with assets amounting to Rp 5.529,83 trillion (US$308,5 billion) as of 2022. It is currently headquartered at BCA Tower in Jakarta. Bank Central Asia was founded by Salim Group as "NV Perseroan Dagang Dan Industrie Semarang Knitting Factory". It was expanded by banker and conglomerate Mochtar Riady, who took control of the bank. Bank Central Asia expanded rapidly during the 1980s and 90s, BCA works with well-known institutions, such as PT Telkom, Citibank, and American Express. The bank was hit hard during the 1997 financial crisis and the subsequent 1998 May riots. It was in massive debt and as a result it was taken over by the Indonesian Bank Restructuring Agency and sold to another conglomerate group Djarum. BCA has thrived since, and took a major step by going public in 2000. In 2022, Bank Central Asia wa ...
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Liga 1 (Indonesia)
Liga 1 (), officially known as BRI Liga 1 for sponsorship reasons, is the men's top professional football division of the Indonesian football league system. Administered by PT Liga Indonesia Baru (), Liga 1 is contested by 18 clubs and operates on a system of promotion and relegation with Liga 2. Top-flight professional league in Indonesia started from the 2008–09 season onwards, initially under the name Indonesia Super League until 2015. Before PSSI formed and organized the Indonesian Super League as the first professional football league in Indonesia, the previous top-level competition title in Indonesia was the Liga Indonesia Premier Division from 1994–95 to 2007–08. Prior to the 2008 reforms, the national competitions used a tournament format. Liga 1, which started in 2017, is the latest rebranding of the league. Forty-three clubs have competed in the top-tier league of Indonesian football since the inception of the Indonesia Super League in 2008. Eight have won ...
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Salim Group
The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, the world's largest instant noodle producer; Indomobil Group, one of Indonesia's largest car manufacturers; Indomaret, Indonesia's largest convenience store chain; and Bogasari, a large flour-milling operation. The group was founded in October 1972 by Sudono Salim and his junior partner Sutanto Djuhar (Lin Wenjing). The current CEO is Anthoni Salim, a son of Sudono Salim. The Salim Group also owns major oil palm plantations (about 1,000 km2) and logging concessions. Salim Group has been involved in property development and the leisure industry for around 30 years. Its businesses include hotel and resort development, golf courses, and commercial real estate. History The Salim Group was closely tied to Indonesian politician and dictator Suharto, who ruled Indonesia for 31 years and was Sudono Salim's ...
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BPPN
The establishment of the Indonesian Bank Restructuring Agency (IBRA) (, BPPN), "National Banking Revitalization Agency") in early 1998 was one of a series of steps taken by the Indonesian government, in agreement with the International Monetary Fund on 15 January 1998, in response to the banking and economic crisis which emerged following the onset of the Asian monetary crisis in mid-1997. Among other things, the drastic depreciation of the rupiah (Rp) reduced bank liquidity, and loss of public confidence in the rupiah and the banking system in general. In establishing IBRA, the Indonesian authorities were effectively establishing a "bad bank" financial vehicle to allow the segregation of bad debts away from established banks with the aim of promoting the overall recovery of Indonesia's financial system. As a measure to cope with the scarcity of liquidity in the nation's banking system, in late 1997 and early 1998 the central bank (Bank Indonesia), as a lender of the last reso ...
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Gramophone Needle
A phonograph, later called a gramophone, and since the 1940s a record player, or more recently a turntable, is a device for the mechanical and analogue reproduction of sound. The sound vibration waveforms are recorded as corresponding physical deviations of a helical or spiral groove engraved, etched, incised, or impressed into the surface of a rotating cylinder or disc, called a '' record''. To recreate the sound, the surface is similarly rotated while a playback stylus traces the groove and is therefore vibrated by it, faintly reproducing the recorded sound. In early acoustic phonographs, the stylus vibrated a diaphragm that produced sound waves coupled to the open air through a flaring horn, or directly to the listener's ears through stethoscope-type earphones. The phonograph was invented in 1877 by Thomas Edison; its use would rise the following year. Alexander Graham Bell's Volta Laboratory made several improvements in the 1880s and introduced the graphophone, includin ...
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