The Ailing Conglomerate

By appearance, the Kartika Eka Paksi Foundation (YKEP) is not to be made light of. While the owner of this foundation is the army—the force still held in esteem—the market value of this business is not small. With assets worth around Rp315 billion, YKEP is on a par with the BAT cigarette company, the Hero retail company or the Indofarma pharmaceutical company. It has 39 subsidiaries and joint ventures, which is a fairly large number.

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