Hashim Djojohadikusumo: Gurita Bisnis, Kegagalan Membeli Astra, Hingga Menjadi Filantropis

Summary

Hashim Joyo Hadikusumo, a prominent Indonesian businessman and the younger brother of President Prabowo Subianto, has played a pivotal role in multiple industries, including cement, petrochemicals, and banking. His Tirtamas Group became a major force in the 1990s, although the 1997 financial crisis forced him to relinquish control of several assets. Despite setbacks, Hashim rebounded with the Arsari Group, diversifying into palm oil and logistics. A key advisor to his brother, Hashim is also a philanthropist, supporting conservation and education through his foundation, highlighting his lasting impact on both business and society.

Takeaways

• 😀 Hashim Joyo Hadikusumo, younger brother of President Prabowo Subianto, is a prominent figure in Indonesian business and politics.
• 😀 Hashim’s statements on various issues, from cabinet composition to his brother’s leadership style, often attract public attention.
• 😀 Recently appointed as Indonesia's special envoy, Hashim continues to play a key role in the government under Prabowo's leadership.
• 😀 Hashim had a successful career in business, particularly with the Tirtamas Group, active in sectors like finance, electricity, and manufacturing, including Semen Cibinong.
• 😀 In the 1990s, Hashim ventured into the petrochemical industry, founding four foreign direct investment (FDI) companies with significant investments in Indonesia.
• 😀 Despite successes in several sectors, Hashim faced setbacks in the automotive industry, notably failing to purchase shares in PT Astra International.
• 😀 Hashim also made notable moves in the financial sector, including acquiring a 40% stake in Bank Niaga in 1997.
• 😀 The 1997 financial crisis hit Hashim's Tirtamas Group, leading to the sale of assets and shares to settle debts with the Indonesian banking recovery agency.
• 😀 In the late 2000s, Hashim re-established himself with the Arsari Group, which focused on palm oil, paper, mining, logistics, and conservation efforts, including a tiger rehabilitation center.
• 😀 Hashim is also known for his philanthropic efforts, particularly through the Yayasan Arsari Joyo Hadikusumo, focusing on wildlife conservation, education, and cultural scholarships.
• 😀 Hashim is seen as a significant influencer in government, though not as a formal minister, and is regarded as a key adviser to his brother, President Prabowo.

Q & A

Who is Hashim Joyo Hadikusumo, and what is his significance?

Hashim Joyo Hadikusumo is the younger brother of Indonesian President Prabowo Subianto. He is an important figure in business and politics, frequently attracting attention for his statements and actions, particularly in the fields of cabinet composition, economic programs, and leadership style. He has also held significant roles in the government, such as being appointed as a special envoy.

What role did Hashim Joyo play in the development of Indonesia's business landscape?

Hashim Joyo was an influential businessman who led various companies in the 1990s. He developed multiple businesses under the Tirtamas group in sectors like finance, manufacturing (notably cement), and energy. He was also involved in the expansion of the petrochemical industry and helped to establish several foreign joint ventures.

What was Hashim's involvement in the petrochemical industry?

In the 1990s, Hashim established four foreign investment companies in the petrochemical industry, focusing on olefins and aromatics. This project, with an investment of $82.5 million, aimed to build an integrated olefin and aromatic center in Gresik, East Java. These ventures were part of his broader business ambitions in the sector.

What was Hashim's role in the cement industry?

Hashim was the president director of PT Semen Cibinong, a major cement producer in Indonesia. Under his leadership, the company significantly increased its production capacity by 50%, reaching a production level of 3 million tons per year, helping cement its place as a top player in Indonesia's construction materials sector.

How did Hashim attempt to expand into the automotive industry?

Hashim attempted to expand into the automotive industry in the early 1990s by negotiating to buy shares of PT Astra International. However, his efforts were unsuccessful, as the sale ultimately went to a consortium led by Prayogo Pangestu, after a prolonged and intense negotiation process.

What challenges did Hashim face in the financial sector during the 1997-1998 Asian financial crisis?

During the 1997-1998 Asian financial crisis, Hashim's Tirtamas group faced significant financial troubles. The group had to surrender shares and assets to the Indonesian Bank Restructuring Agency (IBRA) in order to resolve its debt issues, marking a difficult period for his business empire.

What was Hashim Joyo's involvement in banking during the late 1990s?

In 1997, Hashim's Tirtamas group acquired a 40% stake in Bank Niaga from the Tahya family. He later sought to increase his stake by offering to buy an additional 10% through a tender offer. His group also had investments in several other financial institutions, including Bank Pelita and Bank Sejahtera.

What is the Arsari Group, and how is it connected to Hashim Joyo?

The Arsari Group is a conglomerate founded by Hashim Joyo in the 2000s, named after his children. The group focuses on various industries, including palm oil plantations, paper production, mining, logistics, and cargo services. Hashim also used the group's resources for philanthropic activities, such as the rehabilitation of endangered Sumatra tigers.

What philanthropic efforts has Hashim Joyo been involved in?

Hashim has been an active philanthropist, particularly through the Arsari Joyo Foundation, which focuses on wildlife conservation, providing scholarships, and supporting cultural initiatives. The foundation also runs programs to protect endangered species like the Sumatran tiger.

How has Hashim Joyo contributed to the government under his brother, President Prabowo Subianto?

Although not a formal government official, Hashim Joyo has been a close advisor to his brother, President Prabowo Subianto. He is often referred to as a behind-the-scenes figure, influencing key decisions and strategies, particularly in government policy and leadership direction.