Business Booms and Busts

THE company is called Asriland. That is the name of the colossal holding company owned by Bambang Trihatmodjo, the third son of the late President Suharto. With the reach of an octopus, Asriland controls six subsidiaries and 20 sub-subsidiaries in the fields of property, telecommunication, financial services and the media industry. The total value of the company’s holdings is unclear. But in addition to land, luxury cars and a foreign bank acco

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