Mochtar Riady

SINGAPORE (Mar 13): Indonesia’s Lippo Group sees no “more hiccups” in its flagship US$18 billion ($24.4 billion) township project near Jakarta as a new fundraising plan helps alleviate liquidity concerns.

SINGAPORE (Nov 20): Indonesian property developer Lippo Karawaci has expressed regret over a credit downgrade by Fitch Ratings, saying its IDR 6 trillion ($564 million) divestment plan to strengthen capital was progressing smoothly.

(Oct 18): The arrest of a senior executive at Lippo Group, one of Indonesia’s leading business conglomerates, has thrown into doubt the future of a major development project touted as the “Shenzen of Indonesia.”

(Sept 13): If he were alive today, the rubber and pineapple king of 1930s Singapore would surely be asking whether the custodians of his empire just sold another chunk of it too cheaply.

SINGAPORE (Oct 7): Indonesian billionaire Mochtar Riady is seeking to rebuild his banking empire almost 20 years after the Asian financial crisis prompted him to back away and focus on real estate.

SINGAPORE (Oct 5): Indonesia’s tax amnesty will potentially help clean up the “underground” economy as people build more trust in the government, said billionaire Mochtar Riady, chairman of Lippo Group.

JAKARTA (Sept 2): Two of Indonesia's wealthiest men said they will participate in a government-led tax amnesty to clear their past omissions, boosting the credibility of the programme.