Reflection Time
Forbes Indonesia|January 2019

TWO DECADES have passed since Indonesia changed political course and embarked on the path of democracy, rapidly in the process devolving more government functions to the regions.

Reflection Time

There was a feeling of expectation in the air, even though the economy and businesses had been hit hard. The resilience of the people was evident.

In 2005, at the time of a major infrastructure event opened by President Yudhoyono, with 1,000 people attending and all wanting to invest in the future, with infrastructure to the fore, I wrote an article then entitled Congestion on the Roads: Moving a Nation. I opened with “It’s a rainy Monday morning and Jakarta is abuzz. People leisurely board the monorail and buses in the knowledge that they will shortly arrive at their place of work in comfort, in safety and on time. Out of town, cars and trucks flow freely along the toll roads, keeping the economy and nation on the move. It’s 2020, and this is Indonesia. No, it is not a complete flight of fancy – it is a vision that with government commitment, foreign investment and public support is set to become a reality.”

Well, 2020 is not far off as we enter 2019, and I was wrong! It was soon found that the legal and regulatory structures were not fit for purpose and, even when improved, application was often still bogged down in bureaucratic strictures. City pollution was then discussed as air quality was deemed as one of the worst in the world, and it is interesting that this issue has once more come to the fore today. Little focus is put on the deleterious effects of pollution on citizen health or the heavy costs that are accordingly incurred.

Jakarta, as has been identified for some considerable time, does not have adequate space for its road infrastructure, half what a major city needs at ground level, and thus transport has to be added at levels either up or below. While the monorail would seem to have been kicked into the long grass, the long- awaited first stage of the MRT will be a welcome addition this year and work is in evidence on the building of LRT routes in key areas.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FORBES INDONESIAView all
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

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

time-read
10+ mins  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

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

time-read
6 mins  |
December 2021
Boys in the Bubble
Forbes Indonesia

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.

time-read
6 mins  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

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

time-read
6 mins  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

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

time-read
5 mins  |
December 2021
Marathon Man
Forbes Indonesia

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.

time-read
5 mins  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

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.

time-read
2 mins  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

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

time-read
5 mins  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

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

time-read
4 mins  |
December 2021
THE CROESUS OF CRYPTO
Forbes 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.

time-read
10+ mins  |
November 2021