Major news in Indonesia on Jun 11: Ex-RI`s richest tycoon Liem Sioe Liong passes away

Top news in <Jakarta Post>: Ex-RI`s richest tycoon Liem Sioe Liong passes away

The Jakarta Post, Jakarta | Sun, 06/10/2012 4:52 PM

 The Jakarta Post, Jakarta | Sun, 06/10/2012 4:52 PM

Former Indonesian richest tycoon Lim Sioe Liong, or widely known as Soedono Salim, the founder of the Salim Group of Indonesia and one of the key business figures in the Southeast Asian region over the past decades, passed away Sunday afternoon in Singapore at the age of 95, according to TV One.

Sugeng Widodo, who works for Anthony Salim, one of Lim’s sons,confirmed the news, saying that right now most of the family members were in Singapore to discuss what to do next.

“We are still waiting for further instructions from the family right now,” he told TV One on Sunday.

Lim was once known as one of the late president Soeharto’s closest ally during the new order regime.Many believed that he had experienced his golden periods under Soeharto’s protection.

Lim went to Singapore in 1998 following the May riots that toppled Soeharto from his presidential seat.(dic)

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