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Illustrations: Britt Spencer |
by Sara Webb
Indonesia’s enormous Sinar Mas group seems to be on a roll. Owned by the Widjaja family, one of the richest in the country, it is expanding in some of Jakarta’s most important, or priority, economic sectors. It has clinched eye-popping deals and borrowed billions of dollars in recent years to build the world’s biggest pulp mill as part of an ambitious expansion in southeast Asia, China and the UK. Yet it was not that long ago that this group was considered a pariah by the international financial community.
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