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Salim Group's Rise and Fall Linked to Sudono Salim's Ties with Suharto

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Sudono Salim's close relationship with President Suharto allowed Salim Group to flourish for three decades, dominating banking (BCA), construction, and food sectors. The 1998 crisis triggered mass withdrawals from BCA, leading to its collapse amid anti-Chinese riots.

Salim's businesses faced extensive damage, with BCA being taken over by the government to prevent further losses. Following Suharto's resignation, Salim relied on Indofood to sustain his wealth. Twenty-five years later, Salim Group has diversified into oil, construction, banking, and data centers, experiencing renewed success.

Salim Group's Rise and Fall Linked to Sudono Salim's Ties with Suharto
Mar 9, 2026, 12:30 PM

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