The 2020s began with an unexpected transformation in almost all aspects of life. The COVID-19 pandemic has impacted how people work and interact, and the way companies conduct business. The changes will have far-reaching implications on Asian economies and globally. But amid this great uncertainty, the building blocks of prosperity will remain fundamentally the same today and in the years to come: hard work, innovation, human capital, and strong financial markets.
I am confident that governments, companies, international institutions, and citizens will together overcome this crisis and emerge resilient and stronger than ever as we reach the next decade.
My particular interest in Indonesia extends beyond my role as Chief Executive Officer for Credit Suisse Asia Pacific. I grew up in Indonesia from the age of nine, the child of an Indonesian father and a Slovakian mother, and started my career in Jakarta. I have, and always will be, a passionate supporter of Indonesia’s progress.
Indonesia has a strong basis for growth. It has the third-highest population in Asia – the fourth largest in the world – and is among the region’s youngest. Gross domestic product expanded an average of 5.4% from 2010 to 2019, and while it is expected to contract slightly this year, the government projects GDP growth to bounce back next year. All of this bodes well for continued investment and consumption.
Esta historia es de la edición October 2020 de Forbes Indonesia.
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Esta historia es de la edición October 2020 de Forbes Indonesia.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
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.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
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.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.
