Eyeing Salim Property Assets

Without the support of investors or sufficient funding, the local government of the Riau Archipelago Regency wants to buy up several Salim property assets held under IBRA.

October 30, 2001

WHEN he heard about the fantastic plan, Handoko's business instinct was aroused. The Batam-based businessman got wind of a good opportunity to rake in money at Tanjung Pinang on the island of Bintan in the Riau Archipelago. "The future there is going to be very bright indeed," he exclaimed. Handoko was so sure about this that he immediately moved his trading business headquarters from Batam to Tanjung Pinang. But where did Handoko hear about thi...

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