Mochtar Riady:
If the economy is good, why subsidize it?

MOCHTAR Riady, founder of the Lippo Group, is often known as the ‘Magic Man of Banking Marketing.’ In addition to being engaged in banking and various other businesses, the 81-year-old Malang-born man cares deeply about education. Last year, he decided it was time to take part in developing the education sector in the country.

For over 30 years Mochtar Riady has sat on the boards of many universities. At the state-run University of Indonesi

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