Latest Business: Tuck Kwong Business Low, Apindo Response to WFH Due to Extreme Weather

TIME.CO, Jakarta – The latest business and economic news as of Tuesday afternoon, December 27, 2022 starting with the affairs of the No. 1 richest person in Indonesia, Bass Tuck Kwong. He is the principal director and owner of PT Bayan Resources Tbk (BYAN), whose wealth exceeds that of the Djarum Group owners, the Hartono brothers.

Then the news on PT. Hutama Karya ensures that a number of toll roads operated by the company are ready for travelers to travel on Christmas and New Year (Nataru), including Trans Sumatra Highway.

In addition, the Indonesian Employers’ Association (Apindo) response to Acting Governor (PJ) Heru Budi Hartono’s appeal regarding the policy work from home (WFH) Saturday extreme weather. Below is a summary of the three stories:

1. Low Tuck Kwong The No. 1 richest person in Indonesia, what are businesses?

Later the name Low Tuck Kwong was highlighted as the richest person in Indonesia. He is the principal director and owner of PT Bayan Resources Tbk (BYAN). Low Tuck Kwong’s wealth surpasses that of the owners of the Djarum Group, the Hartono brothers.

On Forbes’ Real-Time Billionaires List, Low Tuck Kwong is ranked among the 50 richest people in the world on Monday, December 26, 2022. Low Tuck Kwong is recorded as having a net worth of USD 27.1 billion or approximately IDR 423 trillion (exchange rate IDR 15,615 per US dollar). This figure surpasses Robert Budi Hartono in second place and Michael Hartono in third with net worths of $22.5 billion and $21.6 billion, respectively.

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Low Tuck Kwong was born on April 17, 1948. The entrepreneur is known as the king of coal. From the age of 20, Low worked for the construction company owned by his father, David Low Yi Ngo, owner and manager of a construction company in Singapore.

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