Hasjim Ning dies of heart failure<\/p>\n
JAKARTA (JP): Masagoes Noer Mohammad Hasjim Ning, one of the
\noldest and most successful indigenous entrepreneurs, died here
\nyesterday afternoon at the age of 79.<\/p>\n
According to his relatives, the soldier-turned-businessman
\ndied of heart and kidney diseases that he had been fighting for
\nthe last six months.<\/p>\n
He is survived by his third wife, Ratna Maida, and his five
\nchildren.<\/p>\n
Hasjim Ning, who was born in Padang, West Sumatra, in 1916, is
\nwidely known for his pioneering efforts of developing the
\nIndonesian automotive industry in the 1950's.<\/p>\n
For the important role in the economic sector, he was once
\ndubbed the \"Henry Ford of Indonesia\" after the American
\nautomobile king.<\/p>\n
Between 1979 and 1982 Hasjim served as the head of the
\nIndonesian Chamber of Commerce and Industry. His last private
\nposition was the president commissioner of Indomobil Group, the
\nsecond largest automotive company in Indonesia after Astra
\nInternational.<\/p>\n
He was also the president commissioner of Lippo Group, a
\nconglomerate mostly engaging in property and banking businesses.<\/p>\n
He was an army captain after Indonesian independence in 1945
\nand retired from service as a lieutenant colonel five years
\nlater.<\/p>\n
Hasjim set up his own first business in 1951 by taking over
\nthe management of PT. Indonesia Service Company (ISC), a state-
\nowned assembling company. With the help of President Sukarno, he
\nmanaged to make the company one of the largest car assembling
\ncompanies in Indonesia at that time.<\/p>\n
Later this company was privatized and taken over by Hasjim
\nNing and his associates.<\/p>\n
In the 1960's, Hasjim turned to the banking business. He
\nbought Bank Perniagaan Indonesia (BPI) and became the majority
\nshareholder of Central Commercial Bank (CCB), which he bought
\nfrom businessman Syarief Gani.<\/p>\n
In 1982, he sold 49 percent of BPI's shares to Mochtar Riady,
\nan Indonesian entrepreneur of Chinese descent who managed to
\ndevelop Bank Central Asia into the largest bank in the country.
\nLater they changed the name of BPI into Lippobank, which is
\ncurrently one of the largest bank in the country. (13)<\/p>\n
Photo -- Page 2<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/hasjim-ning-dies-of-heart-failure-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }