Oei Tiong Ham

Concern 1945-1964
Introduction

Desi Susanti
Department of History, Faculty of
Humanities
Universitas Indonesia
August 30, 2016
Framework

01 Background

Chinese and the

02 Economic Policies

Oei Tiong Ham Concern Under

03 Oei Tjong Tjay

04 Lawsuit
Background

▪ After the death of Oei Tiong Ham, the business was

continued by his son, Oei Tjong Hauw.
▪ Oei Tjong Hauw faced number of problems that
interfere with the stability of the company's activities.
▪ Along with that, after the transfer of sovereignty in
December 1949, Indonesia was faced with demands for
economic independence.
Background

In such conditions, Economic transition

Three pillars:
various insistences from the colonial to
Indonesianisasi,
appears and wants the national
nationalization, and
to change the economy is called an
changes in economic
structure of the economic
orientation.
colonial economy decolonization.
into a national
economy.
Background

▪ One of the Chinese-owned businesses that were affected

by anti-foreign sentiment is Oei Tiong Ham Concern.
▪ In these conditions, there was a conflict between the
company and the Indonesian government regarding the
issue of foreign currency.
▪ It reached a peak in 1961 when the government filed a
lawsuit against Oei Tiong Ham Concern.
Oei Tjong Hauw

Source: National Archive of

Indonesia
Chinese and the Economic
Policies

Program Five-year Plan

Economic Urgency Plan
Benteng 1956-1960
Oei Tiong Ham Concern
Under Oei Tjong Tjay

 Rehabilitated sugar mills in Krebet.

 Established N.V. Industrial Management Coy (Imaco).

 Formed a joint venture with an Indonesian, ex.

Phapros.
Lawsuit

▪ In early 1957, President Sukarno implemented

guided democracy as the government form.
▪ In such situations, the Indonesian government
later in 1961 filed lawsuit against Oei Tiong
Ham Concern.
Lawsuit

▪ Oei Tiong Ham Concern faced charges of violation of

foreign exchange.
▪ Through the Attorney Semarang, the government
confiscated the Oei Tiong Ham Concern’s capital and
wealth in Indonesia.
▪ Charges filed that stocks Oei Tiong Ham Concern all
owned by people who were not residents of Indonesia
without the permission of the government of the
Republic of Indonesia.
Lawsuit

▪ Oei Tiong Ham Concern’s wealth that has been

transferred to foreign countries namely the United
States, West Germany, and the Netherlands is 6,812,574
guilders without permission or report from LAAPLN.
▪ Semarang Economic Court under the chairmanship of
Mr. Suhendro decided to confiscate the entire wealth of
Oei Tiong Ham Concern in Indonesia.
Lawsuit

▪ After that, the government seized then formed

corporations to arrange for the resumption of Oei Tiong
Ham Concern.
▪ The big change then occurred on October 12, 1964
when the company transformed under the name P.T.
National Economic Development Company Rajawali
Indonesia.
THANKS