Capital Weekly Recognizes Sateri Holdings for Fourth Year in a Row

For the fourth consecutive year, Sateri Holdings Limited received an award from the prestigious publication Capital Weekly. The publication’s Listed Enterprise Excellence Award recognizes companies that demonstrate outstanding abilities to develop high-quality corporate governance structures, nurture positive investor relations, and deliver significant returns on investment through maintaining sound business strategies. The award additionally promotes corporate social responsibility by acknowledging major CSR contributions on the part of the honored companies.

Sateri Holdings is part of the internationally known RGE Group headed by Indonesian entrepreneur and philanthropist Sukanto Tanoto. Listed on the Hong Kong Stock Exchange, as well as the Hong Kong Small Cap Index of Morgan Stanley Capital International, the company focuses on production of the viscose staple fiber that is a vital component in the manufacturing of medical and personal care supplies, textiles, and other consumer products. By the start of 2015, Sateri had moved out of other aspects of its operations to concentrate solely on its viscose staple fiber business. Sateri now does business only in Mainland China as a brand within the Pacific Viscose Limited group.

Sukanto Tanoto, who grew RGE from a small family-run business into a multi-faceted natural resources manufacturing firm worth an estimated $15 billion, works to promote the interests not only of his companies, but also of his country and community. This is one reason the CSR aspect of the Capital Weekly award is particularly meaningful.

Capital Weekly, published in Chinese in Hong Kong, is devoted to delivering news about the international investment market, trends in the global economy, and political events that affect money and trade. The publication takes both a micro and a macro look at developing stories, and offers its readers guides for investing over the short, medium, and long term. Capital Weekly’s publisher, South China Media Limited, believes that it fills a need not supplied by other financial publications, in that it aims to include a range of viewpoints and commentary from multiple perspectives.

Tanoto Entrepreneurship Series Continues Educational Efforts

In early December 2014, the Tanoto Foundation’s Tanoto Entrepreneurship Series once again united young people interested in business careers with some of the country’s most successful entrepreneurs.

Susi Pudjiastuti recently became Indonesia’s first cabinet-level minster to have never finished high school. The new Minister of Marine Affairs and Fisheries left her formal education as a teen and started her own seafood and fisheries business, now a multi-million-dollar concern. Her company, based in West Java, transports its products throughout the region surrounding Indonesia on its own fleet of airplanes called Susi Air.

Irwan Hidayat heads PT Sido Muncul, a family herbal medicine business that he took public in 2013. After modernizing operations in the early 1970s, Mr. Hidayat established research centers at several colleges in order to prove the efficacy of his company’s products. Today, Sido Muncul’s herbal medicines have gained widespread acceptance throughout Indonesian society. Thanks to his company’s success, Mr. Hidayat’s net worth stood at $660 million at the end of 2014. Forbes magazine currently lists him as one of Indonesia’s 50 richest individuals.

Sukanto Tanoto, ranked among Indonesia’s top ten on the Forbes list, heads the RGE Group, which he grew from a small family-owned business into a $15 billion international natural resources manufacturing powerhouse. Through the Tanoto Foundation, he, his wife, and their grown children give back to their country by funding a wide variety of social service initiatives, early-childhood learning projects, and scholarships and educational programs for young adults. Mr. Tanoto had to leave school early due to family economic difficulties. Thus, the Entrepreneurship Series’ mission of inspiring today’s young people to work hard, take strategic risks, and believe in their abilities is particularly meaningful to him.

At the December 2014 event, held in Jakarta, Susi Pudjiastuti and Irwan Hidayat related the struggles and challenges they themselves had to overcome as new entrepreneurs. The series receives additional support from the University of Indonesia’s Faculty of Economics.