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Interview

Edwin Soeryadjaya, Chairman & Co-founder, Saratoga Capital: Interview
OBG
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Interview: Edwin Soeryadjaya What is the potential of Indonesia’s consumer goods sector and its growth domestically? EDWIN SOERYADJAYA: Contrary to what many people believe Indonesia’s engine of growth is not exports of commodities or manufactured goods. Instead, it is driven by strong domestic consumption and a growing middle class. Some 55m Indonesians are considered to be a part of the “consuming…
Interview

Darmin Nasution, Governor, Bank Indonesia (BI): Interview
OBG
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Interview: Darmin Nasution Will efforts be sped up to reduce the number of banks unable to cope with BI’s requirements? DARMIN NASUTION: For 2012 BI has formulated banking policy frameworks within three complimentary corridors. These are safeguarding the stability of macroeconomic financial systems with the implementation of the housing loan and the value auto loan down payment programmes; bolstering…
Interview

M Hatta Rajasa, Coordinating Minister for Economic Affairs: Interview
OBG
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Interview: M Hatta Rajasa What do you think are the main risks that Indonesia’s economy will face in 2013? M HATTA RAJASA: We realise that the global economic uncertainty remains high since the problems in the eurozone are not likely to be resolved in the near future. Furthermore, these widespread issues will continue to dampen global economic growth. As such, global demand is likely to remain…
Interview

OBG talks to Eko Yuliantoro, President Director, Bahana Securities
OBG
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Interview: Eko Yuliantoro What impact do you expect the elections in 2013 and 2014 to have on the capital markets? EKO YULIANTORO: The 2013-14 elections should be reminiscent of 2003-04 political transition, where Indonesia experienced uptrends in GDP growth, banks’ loan growth and M2 money supply. With this being President Susilo Bambang Yudhoyono’s final term, Indonesia will elect a new head…
Interview

Gita Wirjawan, Minister of Trade: Interview
OBG
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Interview: Gita Wirjawan What are the reasons behind Indonesia’s third consecutive trade deficit in July 2012, and what is your forecast for the 2013-14 period? GITA WIRJAWAN: The trade surplus for January to July 2012 was $335m, down sharply from the previous year of $16.3bn. The decline was mainly triggered by the decrease in non-oil trade surplus of $1.4bn, down 91.5% year-on-year (y-o-y) and…
Interview

M Chatib Basri, Chairman, Indonesia Investment Coordinating Board (BKPM): Interview
OBG
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Interview: M Chatib Basri What are your preferences regarding the type of investment you would like to attract, and to what extent can the country afford to become more selective in this process? M CHATIB BASRI: We will focus on value-adding investments that will bring Indonesia to the next stage of development. Such investments are not only sizeable, but also lead to technology transfer and human…
Interview

Prijono Sugiarto, President Director, Astra International: Interview
OBG
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Interview: Prijono Sugiarto What role can foreign direct investment (FDI) play in maintaining Indonesia’s growth momentum? PRIJONO SUGIARTO: FDI’s role in supporting growth will become even more significant as Indonesia has seen its exports weakened by the global slowdown, and will have to rely more on domestic consumption and investment. FDI brings substantial benefits to Indonesia’s economic…
Interview

William Lin, President, BP Asia Pacific; Abdul Hamid Batubara, Deputy MD, Chevron Indonesia; Richard Owen, President Director, ExxonMobil Indonesia; Lukman Mahfoedz, President Director, Medco Energi; and Roberto Lorato, President Director, Premier Oil
OBG
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Interview: William Lin,Abdul Hamid Batubara,Richard Owen,Lukman Mahfoedz, and Roberto Lorato How can private and public stakeholders improve coordination to boost investment and production? WILLIAM LIN: Coordination has improved within the energy sector in some areas, but there are still challenges. There is still a lack of clarity around roles and responsibilities and too many…
Interview

Vismay Sharma, President Director, L’Oréal Indonesia: Interview
OBG
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Interview: Vismay Sharma What are the main factors that prompted L’Oréal to build its largest factory in Indonesia? VISMAY SHARMA: We have always believed in the potential of this country, since we started 33 years ago. As the region expanded, the key question became where to set up our biggest factory. The first factor was political stability. Indonesia is a working democracy, and in the last…
Interview

Henri Honoris, President Director, Modern Putra: Interview
OBG
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Interview: Henri Honoris How can retailers capitalise on changing consumer preferences and increasing brand awareness? HENRI HONORIS: As GDP continues to grow, Indonesian consumers have experienced a change driven by an urban middle-income segment that is gaining traction and influence. Approximately 50% of the population of Jakarta is between the ages of 13 and 30. This is a very influential segment…