|
|
|
|
Web-only Exclusives November 30, 2000 From Our Correspondent: Hirohito and the War A conversation with biographer Herbert Bix From Our Correspondent: A Rough Road Ahead Bad news for the Philippines - and some others From Our Correspondent: Making Enemies Indonesia needs friends. So why is it picking fights? |
PRIBUMIS TO WATCH
Activism Pushing a "People's Economy"
Adi Sasono On empowering the masses
Tycoon Bakrie says the poor must benefit, too
Dealmakers An M&A team gets the job done in Jakarta
Politics Factionalism is ripping Indonesia apart
WHEN INDONESIA FINALLY GETS around to redistributing the country's wealth, it would help a lot if you are a pribumi. Theoretically, the nation's indigenous peoples, chiefly Malay Muslims but also Hindu Balinese and Christian Ambonese, would be the prime beneficiaries. Among the best placed: the handful of pribumi business groups with the experience and expertise to fill the vacuum left by ethnic Chinese tycoons and Suharto's family. The former president is a pribumi, but his business-minded children are unlikely to share in the fruits of the People's Economy. Keep an eye on these potential winners:
| BUSINESS GROUP | PRINCIPALS | EST. ASSETS |
| Bumiputera (life insurance) | Soegianto | $533m. |
| Austindo Teguh Jaya (mining, oil, gas) | Julius Tahija | $350m. |
| Krama Yudha (car distribution) | Sjarnoebi Said | $226m. |
| Bakrie (trading, plantations) | Aburizal Bakrie | $200m. |
| Medco (energy exploration) | Arifin Panigoro | $160m. |
| Gobel (telecommunications) | Thayeb Mohammad Gobel | $40m. |
| Bukaka (infrastructure, agribusiness) | Fadel Mohammad Jusuf Kalla | N.A. |
Converted at 7,500 rupiah to the U.S. dollar.
Sources: Indonesia Business Data Center and Asiaweek Research
 |
