Forbes Indonesia - September 2020

In this issue

The economic impact of reduced demand is seen in the recently released statistics with inflation falling 0.1% month–month to an annual rate of 1.54% in July 2020, the producer price index falling 1.44% in the second quarter and second quarter GDP being reported at -5.32% on an annual basis. With the de- cline in exports holding up better than the reduction in imports, -9.9% versus -32.55%, Indonesia reported a healthy trade surplus in July 2020. The government continues to focus on strategic areas to reduce Indonesia’s reliance on imports and in addition to agricultural initiatives already in the pipeline pre-covid, the dependency on imported raw materials for drug manufacturing has been added as a critical risk area to be addressed as a result of the disruptions to the supply chains caused by the crisis.

This Time Is Different. Really.

Are technology stocks in a bubble? The Nasdaq composite index, home to tech superstars like Amazon, Apple, Facebook, and Microsoft, is up more than 21% this year. The boom is not just an American phenomenon. China’s Alibaba is up 24%, Taiwan’s TSM 38%, Germany’s SAP 20%, and Australia’s Atlassian 47%. The S&P 500 Semiconductor ETF is up 19% for 2020.

2 mins

Road to Recovery

COVID-19 has severely impacted Indonesia’s hospitality segment in the first half of 2020. With the relaxation of social distancing protocols, what’s the next step for hotels?

6 mins

Golden Opportunity

Ivan Lingga expands his family jewelry business with Whizliz.

4 mins

A Strange Way of Doing Business

When Donald Trump issued his executive order blocking ac-cess to TikTok and WeChat unless a “very American” company-owned them, he more than raised the stakes in the US-China trade war; he signaled that as far as he’s concerned, only American companies are fit to run worldwide computer platforms.

2 mins

Taste of Passion

In the current difficult times, Sour Sally Group’s Donny Pramono is building an affordable franchise model for F&B entrepreneurs.

5 mins

THRIVING IN TOUGH TIMES

THE COUNTRY'S LARGEST HERBAL PRODUCT MANUFACTURER SIDO MUNCUL WEATHERS THE STORM.

7 mins

Expanding Market

Bank BTPN will play a role in realizing Sumitomo Mitsui Banking Corporation (SMBC) Group’s strategy as a full-line commercial.

4 mins

Favorable Ratings

Pefindo is breaking the dominance of the world’s top three rating agencies in the country.

4 mins

Infrastructure and Climate Change Risks

COVID-19 is said to be a manifest of climate change risks.

2 mins

Another Man's Treasures

Inocycle is making a big business from recycling PET waste.

4 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