Liem	Sioe	Liong's	Salim	Group:	The	Business	Pillar	of	Suharto's	Indonesia
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Liem Sioe Liong's Salim Group: The Business Pillar of Suharto's Indonesia

by Richard Borsuk

After Suharto gained power in Indonesia in the mid-1960s, he stayed as the country's president for more than three decades, helped by the powerful military, hefty foreign aid and support from a coterie of cronies. A pivotal business backer for his New Order government was Liem Sioe Liong, a migrant from China, who arrived in Java in 1938. A combination of the Suharto connection, serendipity and personal charm propelled him to become the wealthiest tycoon in Southeast Asia. This is the story of how Liem built the Salim Group, a conglomerate that in its heyday controlled Indonesia's largest non-state bank, the country's dominant cement producer and flour mill, as well as the world's biggest maker of instant noodles.

The book features exclusive input from Liem, who died in 2012, and his youngest son, Anthony Salim. It traces the founder's life and the group's symbiosis with Suharto, his generals and family. After the tumultuous 1997-98 Asian financial crisis sparked Suharto's fall and a backlash against the strongman's cronies, Anthony staved off the crushing of the debt-laden group. Told in a journalistic style, the story of the Salim Group provides insights into Suharto's New Order. For business executives, students and anyone with an interest in Southeast Asia's largest economy, the volume makes a valuable contribution towards understanding the country's modern history.

The e-chapter on "A Javanese 'King' and His Cukong" is downloadable free of charge.

Click here for pictures of the special meet-the-authors session organised by Kinokuniya, Singapore on 20 November 2014.


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Preliminary pages
1. A Javanese "King" and His Cukong
2. Roots
3. Establishing a Foothold
4. Crucial Links
5. The Scent of Money
6. "Gang of Four"
7. A "New Life"
8. Flour Power
9. Cement Build-up and Bailout
10. A Banking Behemoth
11. Broadening the Home Base
12. Going International
13. Helping Hands
14. Noodle King
15. Dark Clouds
16. The Sky Starts to Fall
17. Götterdämmerung of the New Order
18. Surviving
19. Assets: Lost and Found
20. Moving Ahead
21. Twilight
22. End of an Era
Glossary and Abbreviations
Selected Bibliography
Index
About the Authors
Photo Plates

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Product Details

  • Number of Pages : 574
  • Publisher : Institute of Southeast Asian Studies
  • Weight : 810g
  • Product Code : 9789814459570
  • Dimension : 152 x 229 mm

About Author

Richard Borsuk

Richard Borsuk is a journalist based in Singapore. He lived in Jakarta from 1987 to 1998.