Sweet Smell of Success - Economy - magz.tempo.co

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Djarum

Sweet Smell of Success

Tuesday, April 6, 2004

Djarum's business empirefrom cigarettes, banks, to hotelsis booming, with cigarettes as the mainstay.

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AFTER a tug-of-war lasting more than a year, the Djarum business group finally succeeded in taking over Hotel Indonesia and Hotel Inna Wisata (formerly known as Hotel Wisata). State Minister for State-Owned Enterprises, Laksamana Sukardi, confirmed Djarum's move to own the Hotel Indonesia complex in mid-March. "Officially, renovations can begin any time," said A.M. Suseto, President Director of PT Hotel Indonesia Natour, which ov

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