Tag: crony capitalism

• LALA’s BOOK NOTES: ‘Liem Sioe Liong’s Salim Group: The Business Pillar of Suharto’s Indonesia’

  This biography explores how the Salim Group mastered Indonesia’s political economy under Suharto to build a massive conglomerate. When Suharto fell, the empire nearly collapsed. Offshore, Filipino banker Manny Pangilinan fiercely protected their Philippine assets, famously blocking a desperate sale of PLDT to rival tycoon John Gokongwei.