Franciscus Welirang:
Salim Still in Second Gear

A decade ago, the Salim Group was a business empire second to none in Indonesia. This group had over 550 companies and employed 200,000 people. It was valued at about Rp40 trillion. Then came the economic crisis, which brought a 65 percent reduction in the group’s assets owned by Soedono Salim alias Liem Sioe Liong. This group of businesses, known for having close ties with the Suharto clan, was forced to scramble until 2004 in order to pay off

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