Forbes Indonesia - June 2021

In this issue

Whilst Indonesia’s tech unicorns have been at the forefront of the business news, most recently due to the $18 billion merger of Tokopedia and Gojek, several of its banks have also been featured in the Forbes’ global lists published during May. Bank Rakyat Indonesia ranked 362nd in the 2021 Forbes Global 2000 list of the World’s Largest Public Companies, heading a trio of fellow banks and 2 other companies as six Indonesian entities were featured. Also published this month was Forbes’ 2021 list of the World’s Best Banks, compiled from over 43,000 customer interviews across 28 countries.

Selling Beauty

Everwhite aims to provide high quality yet affordable skin care product, making it accessible to all.

4 mins

Aligning Profit

From its clear aligners, Rata takes the lead in improving dental health awareness in Indonesia.

4 mins

The Gold Keeper

DCI leads the data center market vital to carry Indonesia’s digital economy

5 mins

American Sun

DEAN SOLON built a multibillion-dollar fortune in solar energy by manufacturing precisely the sort of commodity gear that can be made more cheaply in China. His secret: higher prices for higher quality.

5 mins

Emerging Signs of Inflationary Risks Driving Gold's Rally

In February’s issue, I highlighted that one of the big drivers for gold this year could be the fear of returning inflation in global economies which have been used to low inflation, low-interest-rate period of extended stability. Since then, signs of increasing inflationary pressures have emerged including in April’s reported increase in US non-farm payroll earnings and that the same month’s inflation measure reached 4.2% on an annualized basis.

2 mins

The Giant Awakens

HERY GUNARDI LEADS BANK SYARIAH INDONESIA TO TAKE ON THE GLOBAL ISLAMIC BANKING INDUSTRY.

7 mins

Forbes 30 UNDER 30 ASIA 2021

As Asia sees the light at the end of the Covid-19 tunnel, activists, entrepreneurs, scientists and young leaders on the Forbes 30 Under 30 Asia 2021 list are hard at work realizing the new normal. After the toughest year in their generation, these 300 Millennials and Gen Zs have persevered to survive and even thrive despite long lockdowns, restricted travel and uncertainties on all fronts. Most continued to grow their businesses and adapt to the changes brought about by the pandemic, while a few have even dared to start their ventures in the middle of crisis, spotting opportunities where others see obstacles. Selected from over 2,500 nominations and vetted by our team of reporters and a panel of A-list judges, these trailblazers are unparalleled examples of determination, hard work and innovation.

10+ mins

CUTTING THE CORD

HORST AND STEPHAN PUDWILL are growing Techtronic Industries to take on the global giants of the power tools industry with a relentless focus on cordless innovation.

7 mins

Staying the Course

After a tough year at his property-focused private equity firm, Gaw Capital, GOODWIN GAW is keeping his powder dry for deals in the year ahead.

5 mins

NEW-GENERATION LEGEND

THIS YEAR, renowned Swiss luxury watchmaker, Rolex presented its new-generation Oyster Perpetual Explorer. The legendary timepiece now comes in a 36 mm case, a return to the size of the original model launched in 1953 following the first ascent to the summit of Mount Everest by Sir Edmund Hillary and Tenzing Norgay on 29 May that year.

2 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