Forbes Indonesia Magazine - December 2021

In this issue

Counting down to the end of 2021, and thinking what the year ahead may hold, my thoughts initially were of cautious optimism, which was, co- incidentally, the heading of the sidelines for December 2020. Reflecting further, there is certainly much more to be optimistic about one year on, even if a new normal still seems some months o as countries determine how to handle the emergence of a new COVID-19 variant.
As of writing, Indonesia has administered a first dose of vaccines to over 140 million people, just over 50% of the population, whilst approaching 100 million are fully vaccinated. This certainly has played a strong part in the government being able to re-open the economy following the spike in cases mid-year. It also meant that the stricter local mobility restrictions planned for the year-end could be partially relaxed. Conversely, international movements are again being subjected to increased quarantine requirements, damping optimism in the travel and tourism sector, already so badly impacted by the restrictions imposed in most countries, and which had been looking to begin recovering as several countries in the region had announced plans to start opening up borders again.

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

5 mins

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

5 mins

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

10+ mins

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

2 mins

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

6 mins

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

6 mins

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

4 mins

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

6 mins

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Forbes Indonesia Magazine Description:

Forbes Indonesia is a world-class business magazine of uncompromising quality and scope, providing insights and information to readers critical to their business and inspiring them to greater success