Indonesian Political, Business & Finance News

New Goro center for North Jakarta

| Source: JP

New Goro center for North Jakarta

JAKARTA (JP): The Humpuss Group and its partners have
established another Goro wholesale center in Kelapa Gading, North
Jakarta, complete with a new Sentra Ria entertainment center.

"President Soeharto is scheduled to inaugurate the new Goro
wholesale center tomorrow and tour the half-a-hectare Sentra Ria
entertainment center in Kelapa Gading," Sharif C. Sutardjo, the
president of Humpuss subsidiary PT Ariobimo Perkasa, said
yesterday.

The first Goro wholesale center, in Pasar Minggu, South
Jakarta, is managed by Humpuss subsidiary PT Batara Sakti, and
has been open since last year. The Humpuss Group is controlled by
Hutomo (Tommy) Mandala Putra, President Soeharto's youngest son.

The center distributes goods from manufacturers to
cooperatives at wholesale prices with discounts of between 3
percent and 4.5 percent, depending on the terms of agreement.

In the new 1.5-hectare Goro center in Kelapa Gading, customers
will be able to buy goods at wholesale prices and enjoy
entertainment at the Sentra Ria center.

According to Sharif, the Sentra Ria entertainment center will
be managed by PT Armo Batara Sakti, a joint venture between
Batara Sakti and PT Ariobimo Perkasa (Armo).

"This is the first of its kind in Indonesia and we see a
bright prospect by tying up with Goro," he said, adding that the
investment in the Sentra Ria cost Rp 7 billion (US$3.02 million).
(bnt)

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