Money: Astra International ASII

PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the Company’s Initial Public Offering (IPO), the name of the Company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII. Market capitalization of Astra as at the end of year 2017 was Rp 333.0 trillion.

Pursuant to the articles of association, the Company may engage in the following business activities: general trading, industry, mining, transportation, agriculture, construction, services and consultancy. By 2018, Astra has expanded its business by implementing a business model based on synergies and diversification within seven business segments, consisting of:

Automotive.
Financial Services.
Heavy Equipment, Mining, Construction, & Energy.
Agribusiness.
Infrastructure and Logistics,
Information Technology.
Property.

With a diversified business, Astra has touched various aspects of the nation’s life through its products and services. In everyday life, the people of Indonesia use motorcycles and cars, toll roads, printers, as well as financial services, banking and insurance from Astra. Business owners partnering with Astra using a variety of commercial vehicles, heavy equipment, logistics services, information technology systems and mining services from Astra. Many products, including palm oil, coal and motor vehicles continue to be exported, thus allowing Astra to contribute in generating foreign exchange revenues for the country.

At the end of 2018, Astra’s business operations across Indonesia are run through 229 subsidiaries, joint ventures and associates, and supported by 224,488 employees. As one of the nation’s largest business groups today, Astra has built a strong reputation through a diverse and quality products and services offering, with due observance to good corporate governance and environmental governance standards.

Astra continually aspires to become a corporate citizen that is considered to be a pride of the nation, one who is actively involved in the national efforts to improve the welfare of the Indonesian people. To this end, Astra runs business activities by a balanced combination of the business’ commercial interests and non-business contributions through ongoing social responsibility programs focused on four basic areas: education, environment, small and medium enterprises (SME) development and health. Astra International (ASII) History

Astra International (ASII)