PT Bank Tabungan Negara (Persero) Tbk or Bank BTN was established in 1897 under the name of Postspaarbank. The name was changed to Bank Tabungan Pos in 1950 and finally became Bank Tabungan Negara in 1963. Bank BTN listed its stock offering on 17 December 2009 on the Indonesia Stock Exchange, and was the first Indonesian bank to securitize asset by recording Asset Backed Securities - Collective Investment Contracts (KIK-EBA).
The establishment of PT Wijaya Karya (Persero) Tbk. (WIKA) cannot be separated from development history of Indonesia after its independence. It was a nationalization of Dutch company, Naamloze Vennotschap Technische Handel Maatschappij enBouwbedijf Vis en Co or NV Vis en Co, on March 11, 1960.
WIKA business portfolio consists of five pillars, which are: Infrastructure & Building, Energy & Industrial Plant, Realty & Property, and Investment. WIKA’s running its business by using Forward and Backward strategy. Forward is WIKA’s Strategy to obtain all business that can be done in the future. Backward is WIKA’s Strategy to obtain all business or company that supports WIKA’s Key competences.
Asuransi Jasindo is a State-Owned Enterprise (SOE) which establised based on Government Regulation No. 10 / 1973 concerning on the State Participation to establish limited company in General Insurance. The Company is a merged of 2 (two) State-Owned Enterprises, PT Umum International Underwriters and PT Asuransi Bendasraya.
PT. Timah as a Limited Liability Company Timah was established on August 2nd, 1976. It is a State-Owned Enterprise engaged in tin mining and has been listed on Indonesia Stock Exchange since 1995.
The company’s scope of activity includes mining, industry, trading, transportation and services. The company’s main activity is as the holding company that performs tin mining operations and marketing services to their business groups. The company has several subsidiaries engaged in the workshop and shipbuilding, engineering services, tin mining, tin consulting and tin research services, as well as non-tin mining.
The company was founded as the evolution of cooperation PN Telecommunications and Siemens AG in 1966. This cooperation continues to the formation Factory Telephone and Telegraph (PTT) as part of the LPP Postel in 1968. In 1974, this part of the LPP Postel separated into a Limited Liability Company under the auspices of the Directorate General of Post and Telecommunication. The company is based on the establishment of the Indonesian Government Regulation No: 34 of 1974 dated 23 September 1974 concerning remittance of capital for the establishment of the Republic of Indonesia (Persero) in the Telecommunications Industry and the Decree of the Minister of Finance of the Republic of Indonesia No.: Kep-1771/MK / IV/12/1974 dated December 28, 1974 on the Establishment of the Company's capital.