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Business Expansion

The Return of the Tycoon

Tuesday, March 6, 2007

After selling off his oilfield in Kazakhstan, Hashim Djojohadikusumo is expanding his business back into Indonesia again.

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ALMOST 10 years ago he was a loser. The economic crisis forced Hashim Djojohadikusumo, the tycoon, to give up his golden field in the Tuban petrochemical project, East Java, which was only 65 percent complete. His debts at several banks had him by the neck.

However, the experience he gained from the age of 3 in moving from country to country accompanying his father, Soemitro Djojohadikusumo, who often had differences of opinion with Sukarno when h

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