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Interview

Jahja Setiaatmadja, President Director, BCA; Michael Young, President Director, HSBC; Zulkifli Zaini, President Director, Bank Mandiri; and David Fletcher, President Director, Permata Bank
OBG
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Interview:Jahja Setiaatmadja,Michael Young,Zulkifli Zaini,David Fletcher To what extent will the industry be able to maintain current increases in loan-to-deposit (LDR) ratios while ensuring adequate risk management? JAHJA SETIAATMADJA: Bank Indonesia’s (BI) policies on LDRs and declining BI rates are a clear indication of its determination to increase lending and lower…
Interview

Surin Pitsuwan, Secretary-General, ASEAN: Interview
OBG
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Interview:Surin Pitsuwan How can ASEAN assist Indonesia in addressing its significant infrastructure challenges? SURIN PITSUWAN: Assistance to ASEAN member states for addressing infrastructure challenges is carried out in indirect ways, mostly through sharing experience and best practices in areas such as urban transport planning, development and management. Other avenues of support include…
Interview

Nurhaida, Chairman, Bapepam: Interview
OBG
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Interview:Nurhaida What priorities are outlined in the 2010-14 master plan to help Indonesia sustain development? NURHAIDA: Our five-year plan gives us the opportunity to embark on long-term strategies and ambitious projects. We have identified five major goals as part of our capital market blueprint. One of the main priorities is to see straight-through processing implemented as one of our…
Interview

Abdullah Gül, President of Turkey: Interview
OBG
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Interview:Abdullah Gül How can Turkey and Indonesia, the world’s leading moderate Muslim-majority nations, play a role in the development of relations between East and West? ABDULLAH GÜL: The age we live in requires new approaches to international and inter-communal relations. We need programmes that aim to collaborate, harmonise and synthesise varying cultures, and to build upon the common…
Interview

Bobby Umar, President Director, Bakrie & Brothers: Interview
OBG
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Interview:Bobby Umar Why have public-private partnerships (PPPs) in infrastructure projects been relatively minimal? BOBBY UMAR: Before the 1998 crisis, infrastructure, including electricity, was a government priority, and its support and development of major projects helped the Indonesian economy to grow some 8-10% per year. However, since then, the country has yet to be able to attain the…
Interview

Agus Martowardojo, Minister of Finance: Interview
OBG
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Interview:Agus Martowardojo How strong is the correlation between Indonesia’s economic fundamentals and investment capital? AGUS MARTOWARDOJO: The Indonesian economy is stronger than ever. Economic growth is primarily supported by an improvement in domestic consumption and solid rise in exports, which has lead to an increase of investment. The government supports fiscal health by maintaining…
Interview

Gita Wirjawan, Minister of Trade and Chairman, Investment Coordinating Board (BKPM): Interview
OBG
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Interview:Gita Wirjawan What progress has been made in attracting investment in the regions and in added-value industries? GITA WIRJAWAN: We are seeing investment flourish as our strategy to shift Indonesia from a resource-based economy to a value-added one has begun to bear fruit. As a reflection of this strategy, foreign direct investment (FDI) destined to value-added industries has reached…
Interview

Jim Taylor, President Director, ConocoPhillips; Sammy Hamzah, CEO, Ephindo; Terry McPhail, President & General Manager ExxonMobil; and Hilmi Panigoro, President Commissioner, Medco
OBG
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Interview:Jim Taylor,Sammy Hamzah,Terry McPhail,Hilmi Panigoro How would you characterise the government’s plan to develop the energy mix and reduce the country’s dependence on oil and gas? SAMMY HAMZAH: Our industry is a very dynamic one where continuous evolution takes place and where the implementation of a sustainable long-term energy policy is complex. The aim is…
Interview

Martiono Hadianto, President Director, Newmont, and Chairman, Indonesia Mining Association (IMA): Interview
OBG
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Interview:Martiono Hadianto What needs to be done to encourage investment in greenfield projects rather than simply expanding existing mining operations? MARTIONO HADIANTO: Production at existing mining areas will eventually decline and shut down. In order to maintain – or even increase – current production levels, the government has to undertake new mineral explorations in addition to…
Interview

John Gledhill, President Director, HM Sampoerna: Interview
OBG
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Interview:John Gledhill Do you think international investors are aware of the ease of doing business in Indonesia? JOHN GLEDHILL: There is a misperception about the level to which barriers to investment exist, and these obstacles are often overstated. The fact is that there has been a lot of foreign investment in Indonesia, and it is steadily increasing. Most of the major international oil…