JAKARTADAILY.ID - The Indonesian public was shocked by the allegation of hoarding 515 tonnes of Minyakita subsidized cooking oil in a warehouse owned by PT Bina Karya Prima (BKP) in Marunda, North Jakarta on February 7, 2023.
The buildup of cooking oil which should be for the consumption of economically weak citizens occurs amid a scarcity of subsidized cooking oil.
PT Bina Karya Prima is owned by Bachrum Karim, a company name and owner that is no stranger to distributors, and retail traders of palm derivative products, including cooking oil.
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PT BKP is one of the big players in the industry.
According to a report from Mediusnews.com, a source from the Indonesian Vegetable Oil Industry Association (GIMNI) stated that PT Bina Karya Prima is one of the five rulers of the cooking oil market in Indonesia.
Although not as popular as other producers, namely from the Indofood, Wilmar, or Sinarmas groups, it turns out that PT Bina Karya Prima is a cooking oil producer that controls the national market share of up to 10 percent.
Many people in general do not know the name PT Bina Karya Prima, but its products may sound familiar to housewives.
PT Bina Karya, it turns out, produces goods the likes of Tropical cooking oil, Shinzu'i soap, Zen antibacterial soap to forVita margarine.
The company was founded in 1981 by Bachrum Karim, the brother of Bachtiar Karim, one of Indonesia's richest conglomerates that own the Musim Mas Group.
Bachrum Karim and Bachtiar Karim are the third generations of the family that owns Musim Mas, a conglomerate group with various businesses.
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This group is known as one of the owners of the oldest soap company in Indonesia, which was founded in Medan, North Sumatra in 1932.
At Musim Mas, Bachtiar Karim, Burhan Karim, and Bahari Karim, namely the Bachrum Karim brothers, worked hard to raise the group's flag.
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Dear Mr. President, Why is the Price of Rice Going Up and Cooking Oil Going Missing?