The Change in the Map of the Conglomerates after the Crisis

The regional economic crisis caused the acute debt crisis in Indonesia. Many major entrepreneurs were crushed.

May 20, 2003

Liem Sioe Liong has not set foot in Indonesia for the past five years. The May 1998 riots forced the head of Indonesia's once leading conglomerate in Indonesia to seek refuge in Singapore. His big house in Gunung Sahari, Central Jakarta, was looted by the masses. In frenzy, they damaged the huge painting of Salim and his wife. Almost nothing is left in the house that Salim and his family stayed for decades.

Previously, Liem stayed with his ch

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