Salim Group

The Salim Group is Indonesia’s largest and most diversified conglomerate, built by the late Sudono Salim (Liem Sioe Liong) and now led by his son Anthoni Salim. The group’s combined businesses span food manufacturing, cement, banking, telecommunications, infrastructure, and real estate, touching nearly every sector of the Indonesian economy.

Investment Strategy

The Salim Group’s investment portfolio is anchored by several dominant market positions in Indonesia and the broader Asia-Pacific region. Indofood Sukses Makmur, listed on the Jakarta Stock Exchange, is the world’s largest instant noodle manufacturer, producing the iconic Indomie brand, which sells over 17 billion packets annually and is consumed in more than 100 countries.

Indocement Tunggal Prakarsa is Indonesia’s largest cement producer, benefiting from the country’s massive infrastructure development needs. First Pacific Company, listed in Hong Kong, holds the group’s international investments including stakes in PLDT (Philippines’ largest telecom), Metro Pacific Investments (Philippine infrastructure), and Goodman Fielder (Australasian food company).

The group’s investment philosophy reflects Anthoni Salim’s vision of leveraging Indonesia’s 280-million-person market and the country’s rising middle class. Investments are concentrated in essential goods (food, building materials, telecommunications) that benefit from long-term demographic and economic growth.

How to Approach

Fund managers seeking Salim Group capital should present strategies aligned with Indonesian or Southeast Asian consumer, infrastructure, or natural resources themes. The Jakarta-based group evaluates opportunities through their deep understanding of Indonesian market dynamics and consumer behavior. Managers with ASEAN-focused strategies in food, infrastructure, or telecommunications may find the strongest alignment with the group’s investment interests.