Abdul Latief (Indonesian businessman)

Abdul Latief was born on 27 April 1940, in Banda Aceh, Nanggroe Aceh Darussalam. He was bought up according to Muslim and Minangkabau traditions. Latief's father was a textile trader and his mother was an activist in Aisyiyah (a part of the Muhammadiyah Islamic organization). In 1950, Latief's family moved from Banda Aceh to Jakarta.

While at school, he performed well enough academically to become the best student. After graduating, Latief worked as head of promotion in the Sarinah department store. He also attended in-store management courses in Tokyo, Japan. In 1972, Latief founded the Young Indonesian Entrepreneur Community, known as HIPMI, and he was elected as leader for 1972–1973.[1]

After working for about nine years in department stores, in 1972 Latief decided he wanted to own a department store, but had to settle for a variety store. Starting from a mini store in Grogol, Jakarta, Latief and his brother, Abdul Muthalib, founded PT Latief Marda Corporation. Two years later, they founded PT Indonesia Product Centre Sarinah Jaya, with brand name Pasaraya. In 2001, Latief expanded his business into television, by establishing the Lativi television network. Latief is also involved in the property business with development of Sentraya 41-storey skyscraper in Blok M, South Jakarta.[2] In 1990s, Latief published two printed media namely Tiras magazine and Neraca daily newspaper.[3] At the end of 1990s, Abdul Latief as well as Fahmi Idris, Aminuzal Amin, and Nasroel Chas established a joint venture company Nagari Development Corporation (NDC), which aims to improve the Minangkabau community.

Today, all of his business in retailing, media, property, advertising, finance, and agrobusiness are grouped in the ALatief Corporation.

In 1993, Latief was chosen as a Minister of Manpower under Soeharto presidency. During his term of office, the government approved the regional minimum salary for labor, known as 'Upah Minimum Regional'. He was re-elected as Minister of Tourism, Art, and Culture in 1998.[4]

• Minangkabau businesspeople

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