Rightsizing the SOEs. 

The importance of the state sector has not diminished, even though the reform agenda may not be as much in the spotlight as it was a year ago. Yet the process continues, as evidenced by the articles in this list. 

Some companies are being forced to revamp due to external pressures, such as lower commodity prices, while others are taking the lead, such as Telkom, to create a better firm to bring communications throughout the archipelago. Either way, positive change is afoot, and for the good of the country.

With the alarms of potential recessions in several western economies ringing ever louder, and up to 28 countries looking for  financial assistance from the IMF, the need for greater collaboration among the world’s major economies is as imperative as ever before. However, the ongoing war in Ukraine and US tensions with China continue to act as a barrier to cohesive action. The re- cent G20 Finance Ministers meeting breaking up without a joint communique being an example of the current political climate. With the G20 summit just a few weeks away, and with all leaders expected to attend, we can hope that some behind-the scenes meetings can help bring back an active dialog and concerted action on those issues which are challenging all countries. As Finance Minister Sri Mulyani Indrawati was quoted at the end of the G20 Finance Minister meeting, now is the time for “strong leadership and collective action”.

For most people around the world, Queen Elizabeth II had been a  constant presence as the monarch of the United Kingdom and the other countries over which she was the head of state, at her passing and for others, prior to their independence. For over 70 years she led her realms and the British Commonwealth with a strong sense of duty and passion, an ever-present as the world evolved, celebrating great moments of success and seeking to share her strength and resilience in times of struggle and conflict. She was also Britain’s greatest ambassador during her reign, visiting 117 countries around the world including Indonesia in 1974, she also welcomed President Yudhoyono on his state visit to the United Kingdom in 2012. The outpouring of respect and grief from so many quarters is a testament to the high regard with which she was held and the arrangements around her funeral give us all an opportunity to pay our respects whilst witnessing the pomp and pageantry which surrounds the passing of the throne. There are few, if any, other leaders who have spent 70 years “in the top position” and I believe there are many lessons in her leadership which will be worth understanding better over time. Our heartfelt commiserations to all her family and we look forward with great expectations for the rule of King Charles III. 

With inflation in the United States and United Kingdom touching 9% and a significant slow-down not expected soon, the Bank of England even  forecasting that UK inflation could rise as high as 13% in October this year, further interest rates increases continue to be signalled. Indonesia is not immune with annual inflation hitting 4.94% in July 2022, a seven and a half year high. Food price inflation was reported at 10.47% year on-year and the effects of inflationary pressures saw the Ministry of Transportation approve fare increases for both airlines and online motorcycle hailing services. The Agriculture Ministry also warned of the risk of significant inflation on that ever popular Indonesian stable, noodles, as a result of the global wheat supply disruptions. A recent Bloomberg survey indicates a consensus that inflation will remain high for the rest of the year, with an average forecast of 5%, plus 1% from its last survey, the full year inflation rate averaging 4% up from 3.5% previously.

At the time of writing, I am just back from visiting Surabaya where we had the opportunity to catch-up with around 30 local entrepreneurs and founders of both established and newer businesses. The sense of optimism and opportunity certainly far outweighed the near-term concerns on inflation and supply chain challenges, mirroring the positive outlook which was also prevalent during recent events in Jakarta. This is also more broadly reflected in the  latest consumer confidence index (IKK) which remained at an optimistic level in June and was relatively stable at 128.2 compared to May’s 128.9 (>100 reflecting a positive outlook). Bank Indonesia’s June 2022 Retail Sales Survey recorded a 15.4% year-on-year rise to 229.1 as retailers also predict stronger demand from consumers despite concerns on inflation.

At the time of writing, stocks and crypto assets were experiencing another sell off in response to the latest headline inflation numbers in the United States and other major markets. With US inflation reaching 8.6%, all eyes are turning to the upcoming Federal Reserve meeting, with an increase in interest rates of a further 50 basis points now largely expected. If confirmed, it will be first time in almost 30 years there has been such a sharp tightening of monetary policy through back-to-back 50 basis point adjustments. To date, the impact on the overall US economy, at least from headline statistics, is not pointing towards a recession although several companies are beginning to prepare themselves just in case. Will we experience an economic chill, or, to use the observations of one of our columnists this month, is winter coming? As the cliché goes, time will tell, but certainly caution is the watch word for the next few months at least and we expect investors to become more selective for the coming months.

Those who have worked in tight roof spaces know the dangers of stepping off the joists and onto the rafters. It’s an analogy of the situation which now faces the Federal Reserve and Central Banks as they need to tread carefully to balance the inflationary pressures resulting from a long period of low interest rates fuelling borrowings and debt, two years of accommodative monetary policy to fight the pandemic and now the global disruption on key commodities caused by the ongoing war in Ukraine, all whilst supply chains and economic activity were earlier on track for a positive recovery as we entered 2022. With spiralling inflation now seen as a significant near-term risk, the Fed has just announced the largest single interest rate hike in 20 years and signalled the intention to raise rates a further seven times before the end of the year. With commodity prices across energy, metals and food all running at or near 12-month highs the possibility of a recession, or at least stunted growth, when expectations were much more positive just 4 months ago, is real. With the US Government Debt level breaching $30 trillion and the war in Ukraine giving rise to more spending requests, the question of when the current debt ceiling of $31.4 trillion may be reached starts to come into view. With the coming US mid-term elections having so much riding on them for both main parties, it’s hard to see easy compromises being reached, with a potential further jolt to confidence in the markets.

As the conflict in Ukraine continues, its humanitarian and economic impacts are more sharply coming into focus. Sanctions continue to be ramped up and there is public discourse as to whether Russia should be invited to the G20 summit due to be held in Bali this November, and if they are, whether other nations may choose to boycott the summit, or some parts of it. It’s a playbook seen before in 2014 when the G8 expelled Russia over the invasion of Crimea leaving a G7 seeking to align policies, including now, their response to the current crisis. Given the status quo of Russia’s continuing occupation of Crimea, the effectiveness of excluding Russia from the G20 is debatable. For the time being, President Joko Widodo’s intentions seem to be to invite Russia, and trust that an opportunity for reproachment can also lead to some positive steps in resolving the crisis. It’s an approach consistent with Indonesia’s usual foreign policy stance and one can hope that a meaningful resolution of the situation can be found in the meantime.

Just as President Joko Widodo’s program for his presidency of the G20 was taking shape around the theme of ‘Recover Together, Recover Stronger’, the potential of a collective approach to its three priority issues of Global Health Architecture, Digital Transformation and Energy Transition will now face significant headwinds as the G20 members address how to manage the fallout from Russia’s invasion of Ukraine. Whilst most western members have aligned on significant and increasing sanctions against its fellow G20 member, some member countries are for now, maintaining a more passive stance. It remains to be seen how this schism will play out in the coming months and whether there will be much opportunity to advance the noble priorities which have been put forth for 2022.

1st of February marks the beginning of the Chinese Year of the Tiger, a character associated with bravery and courage, which perhaps, in today’s economic context, can symbolize our aspirations for strength and resilience for the coming year. The US announced its national debt surpassed $30 trillion bringing into sharp focus this overhang of the investments made by most governments in protecting their economies during the pandemic. The IMF also recently report- ed that global government debt now exceeds global annual GDP and cautioned governments, including Indonesia’s, on taking on new debt going forward as the need to raise interest rates to  fight the emerging inflation trend will also place a significant burden on public  finances to service the existing debt. Bank Indonesia Governor, Perry Warjiyo, highlighted the likely rise in inflation whilst presenting his 2021 annual reports and forecasted a year of recovery in 2022 with GDP growth of between 4.7% and 5.4% expected.

As the calendar turns to 1st January each year, it’s usually a time when we reflect on our hopes and aspirations for the new year and make our resolutions on how we are going to do better. Whilst the pandemic is still  firmly driving government policies around travel and social distancing restrictions, economically there are many positive developments which can give us optimism for a positive year in 2022. The Indonesian Stock Exchange (IDX)  finished 2021 strongly after a year which saw a record number of IPO’s and investors and 2022 has started on a bullish footing. Last year saw four Indonesian startups reach unicorn status, bringing the total number of recognized unicorns locally to nine, and there is every expectation that continued growth in the ecommerce and fintech sectors particularly, will see several more startups reach unicorn status in 2022.

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.

Nearly 250 years ago, James Watt’s innovations on an earlier steam engine model launched the  first industrial revolution. The resulting advances in economic growth and human prosperity have been powered by the consumption of fossil fuels and led to the wide-scale conversion of land use for industrial purposes, which together have contributed significantly to the climate change crisis we face today. Its perhaps  fitting that, in this time of peril for the planet, world leaders meet for COP26 this month in Glasgow, the city where James Watt launched his new designs in 1776.

Whilst infection rates have continued to fall sharply, bene tting from the continued imposition of social distancing controls and increased vac- cination rates, the relaxation in certain sectors has resulted in a positive im- pact. Based on the IHS Markit Indonesian Manufacturing PMI report, manu- facturing activity returned to positive territory in September with the index at 52.2% versus 43.7% in August. However, it also noted the pressure on prices and supply chains caused by the continuing disruption in many markets from the pandemic and lock-downs.

Indonesia celebrated the 76th anniversary of its independence on August 17, although the continuing social restrictions made the celebrations more muted than usual. The above theme for Presiden Joko "Jokowi" Widodo address, Resilient Indonesia, Growing Indonesia, encapsulated the spirit which is needed to maintain positive momentum during the pandemic and to capitalize on the bright future which the country undoubtedly has. Looking economically, Indonesia’s public sector debt-GDP ratio has climbed 10% since the outset of the crisis due to the measures undertaken to combat the effects of COVID-19 spread, but at 40.5% it remains in the lower 20% in the ranking of government indebtedness among G20 countries.

With the current suspension of the US government debt ceiling coming to an end on 31st July 2021, the 5th such suspension along with over 40 increases since 1982, the title of Blancmange’s UK Hit from that year would seem to be an apt description of where US federal debt has been over the last 40 years.

Reminiscent of the popular children’s game, the progress of most countries around the world in their efforts to achieve a smooth exit from social distancing measures and to re-open their borders seems to remain a matter of four steps forward, three steps back. Locally, the vaccination roll-out gains traction but a surge in COVID-19 cases has placed extreme pressure on the capacity of hospitals to manage an increase in serious cases, resulting in the implementation of new lockdown measures for the first weeks of July. This has dealt a blow to efforts to try and boost the recovery among the travel and hospitality sector as domestic travel is curtailed and plans for an opening of international travel to Bali and other destinations are put on hold. Those countries with high vaccination rates are now debating pathways for increased international travel, including the differentiation of quarantine restrictions for vaccinated and non-vaccinated travelers, and the sector will be watching closely as it seeks to recover from the impacts of a 77.6% decline in international arrivals year to date May 2021, which follows a 75% decline across 2020 as a whole.

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. 

A centuries old aphorism, popularized by William Shakespeare in his play The Merchant of Venice, could be an apt description of current investment market trends with surging digital assets and digitally enhanced companies driving the markets. After growing 3.3x in 2020 to $668 billion, the market capitalization value of all cryptocurrencies and tokens has soared dramatically in 2021, standing presently at over $2 trillion according to the cryptocurrency tracking site coinmarketcap.com. 

The accelerated embracing of technology solutions and platforms by companies and consumers alike has been the over-riding theme of business changes during the pandemic. Also regularly in the head-lines is the potential of reversing some of the negative climate change impacts which economic developments globally over recent decades had deepened. Whilst there is a long way to go, the period of limited activity during 2020 showed the potential for rapid improvements in air and water quality that a lowering of pollution could bring. Several cities are now adopting new regulations to embrace eco-friendly activities to capitalize on the improvements made already whilst the convergence of technology and environmental solutions is being seen through the number of telecommunication related technology companies seeking to partner in the investment into electric powered vehicles and power cells. With Indonesia already on the path to the development of electric vehicle battery technologies there is much opportunity for this to become an important economic success story locally.

The second phase of the Indonesian government’s vaccination drive has now been launched with the elderly and those in the public-facing workforce being prioritized. This includes hospitality and tourism related workers, a positive step to help the recovery in a sector which represented around 8% of GDP before the pandemic, but one which is still most dependent on the future relaxation of social distancing and travel restrictions. With between 12 and 15 months anticipated as required to complete the initial target of vaccinating around 182 million people, approximately 70% of the population, the need to couple this health drive with continued fiscal stimuli to ensure a smooth economic recovery is the challenge facing the government in 2021. It’s a situation not unique to Indonesia with several countries announcing in recent weeks, significant investments in measures similar to those announced here, where almost Rp700 trillion has been ear-marked in the current state budget to support Indonesia’s national economic recovery program. With Indonesia’s balance of trade remaining positive on the back of stronger exports, the rupiah stable, inflation low and consumer confidence showing signs of improving, Bank Indonesia last month also lowered by a further 25 basis points, its 7-day reverse repo rate to also help stimulate demand further.

 INDONESIA HAS EXPERIENCED an upsurge in digital content consumption in the past few years. Fueled by rising internet adoption, huge consumer population, smartphone ownership, and heavy use of social media platform, the trend will maintain heading north going forward. The trend has also begun shifting of ads spending from conventional media of print, radio, and television to digital platforms. Data from market research company Nielsen showed that advertising spending in those conventional media are declining, growing only by 2% from the third quarter of 2018 to the second quarter of 2019, compared to 6% grown in the same period of 2017 to 2018. On the other hand, despite lacking clear data about the actual ads spending in digital platforms in Indonesia, people believe the numbers are going up inline with the viewers.

Our warm best wishes for a healthy and prosperous 2021 to all our readers. Perhaps more so than recent years, this new year brings an increased expectation of renewal, both of personal ambition and expectation for a better year ahead and for companies, which while needing to continue to adapt the new business conditions brought about by the pandemic, most of whom will start the year with a fresh financial slate after closing out a 2020 significantly impacted by public health measures across the globe. 2020 saw many companies which had already embraced technology, not just those labeled as tech-companies, survive and thrive in a stressed business environment whilst many others accelerated their conversion of off-line processes to on-line ones. 

As the calendar rolls into its last month each year, it’s usually a time to reflect on the 12 months past and look forward on an optimistic note to the opportunities ahead. The clarity of thought and action, or in some cases, a lack of it, by the world’s governments to control the virus has resulted in developed countries finishing the year on quite different recovery curves. Whilst the recent positive news on vaccines will give optimism to all of them, the need to roll out vaccination programs will still leave at least the first half of 2021 with a significant overhang before global trade and travel can truly begin to recover.

With Indonesia recording a decline in GDP during Q3 2020 of 3.49%, the country has for the first time in over 2 decades, entered a technical recession. It’s a position shared with many other countries and reflecting the continuing slowdown in business activity and trade which the responses to the pandemic have induced. After stabilizing in July and August, Bank Indonesia’s latest consumer confidence index recorded a decline of 3.5 points to 83.4 with a negative sentiment being seen in 13 out of 18 cities surveyed following the latest round of PSSB social distancing restrictions implemented in Jakarta. On the positive side, the decline in retail sales has shallowed, inflation registered a small uptick but remains low at 1.44% in October and the PMI rose to 44.91% in Q3, up from 28.55% in Q2, still in negative territory but reflecting a significantly improved outlook in the manufacturing sector.

When the economic slow-down initiated by the COVID-19 induced shut-down was in its early stages, most optimistic scenarios hoped for a V-shaped recovery whilst a U- or W-shaped one were already becoming apparent in some markets and business sectors just a few months into the crisis. Whilst those countries which acted early and strongly, for example China and Vietnam, are today showing signs of a V-shaped recovery driven largely by domestic consumption, it is not the case everywhere and the lexicon of letters economists use to describe the global recovery is now more frequently using that usually silent letter in the English language, K. This reflects the disparity now apparent in recovery scenarios being faced between countries, industries and social classes with very differing time-frames and depth of impact being faced across different markets. Policy packages are going to need to become more specific in their application if we are going to help those sectors and workers in areas more deeply affected, catch-up again with those returning to stability and growth more quickly.

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.

Several countries have spent the past six months tackling the COVID-19 crisis seemingly with a hope that if one can hold one’s breath long enough, it will pass and life can go back to normal. The recent resurgence of the virus in countries that seemed to have gotten over the worse of it, coupled with the beginnings of a greater understanding of the severity of the medical conditions it can cause, indicates we are in for the long haul. Even if a vaccine can be developed quickly, it is still to be proven how effective it will be, how long a dose will last, and how fast it can reach sufficient people to create “herd immunity” on a global scale. All of these will have a great role in restoring the confidence needed to kick-start local consumer- driven and global trade-driven recoveries.

This month, we continue our articles on businesses adapting to the new economic dynamics whilst our cover features Hermanto Tanoko, a suc- cessful second-generation entrepreneur from Surabaya. After working in and helping develop his father’s Avian branded paint business, Hermanto branched out together with his wife into property and then bottled water. Their diversified business interests today also cover manufacturing, F&B, consumer goods, retail, and hospitality businesses, all managed under the holding company, PT Tancorp Abadi Nusantara.

With th most countries now moving, or shortly moving, from contain- ment policies to measured re-openings, the cost of the COVID-19
pandemic is still mounting socially and economically. Although 
China began its re-opening phase in April, marking the early part of that month as the peak of global economic inactivity, much of the rest of the world is only now in the early stages of re-opening, so the true depth of the pandemic’s impact is yet to emerge. As more data becomes available, ana- lysts from across the spectrum of governments, policy makers and scientists will all be able to step through the looking-glass to reflect more deeply on what needs to be done to mitigate the impacts of the current crisis, in both human and economic terms, and on what should be done to be better pre- pared for a future pandemic.

These challenging times make it important we share ideas and collaborate to find previously unforeseen opportunities. At Forbes Indonesia, COVID-19 has encouraged us to explore new channels to facilitate such collaboration, including preparing several webinar series' and opening up our digital channels for columnists and professionals to share their thoughts. Like the Asian Monetary Crisis which led to improvements in the Banking and Financial sector, we believe there is much to learn together and improve on after the pandemic ends.

Forbes Indonesia  Cover - October 2022 Edition

October 2022

Forbes Indonesia  - October 2022

Forbes Indonesia  Cover - September 2022 Edition

September 2022

Forbes Indonesia  - September 2022

Forbes Indonesia  Cover - August 2022 Edition

August 2022

Forbes Indonesia  - August 2022

Forbes Indonesia  Cover - July 2022 Edition

July 2022

Forbes Indonesia  - July 2022

Forbes Indonesia  Cover - June 2022 Edition

June 2022

Forbes Indonesia  - June 2022

Forbes Indonesia  Cover - May 2022 Edition

May 2022

Forbes Indonesia  - May 2022

Forbes Indonesia  Cover - April 2022 Edition

April 2022

Forbes Indonesia  - April 2022

Forbes Indonesia  Cover - March 2022 Edition

March 2022

Forbes Indonesia  - March 2022

Forbes Indonesia  Cover - February 2022 Edition

February 2022

Forbes Indonesia  - February 2022

Forbes Indonesia  Cover - January 2022 Edition

January 2022

Forbes Indonesia  - January 2022

Forbes Indonesia  Cover - December 2021 Edition

December 2021

Forbes Indonesia  - December 2021

Forbes Indonesia  Cover - November 2021 Edition

November 2021

Forbes Indonesia  - November 2021

Forbes Indonesia  Cover - October 2021 Edition

October 2021

Forbes Indonesia  - October 2021

Forbes Indonesia  Cover - September 2021 Edition

September 2021

Forbes Indonesia  - September 2021

Forbes Indonesia  Cover - August 2021 Edition

August 2021

Forbes Indonesia  - August 2021

Forbes Indonesia  Cover - July 2021 Edition

July 2021

Forbes Indonesia  - July 2021

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

1. お客様は、Magzter.com、アプリケーション、およびそのサービスの使用は単独でご自身の責任で行うことに同意します。 Magzter.com、その関連会社、従業員、サードパーティのコンテンツ プロバイダーは、サービスが完全に中断されないこと、エラーがないこと、不正行為に対して確実であることを保証しません。また、Web サイトや製品が期待または約束したとおりの正確な結果が得られることも保証しません。

11. サービスおよびすべての出版物は、「現状のまま」および「入手可能な状態」で提供されます。 MAGZTER、その関連会社、サプライヤー、ライセンサーおよび代理店は、明示的か黙示的かを問わず、商品性、特定目的への適合性、および権利侵害の非侵害に関する黙示的な保証を含むがこれらに限定されない、あらゆる種類の保証を明示的に否認します。上記を制限することなく、MAGZTER もその関連会社、サプライヤー、ライセンサー、代理店も、(I) サービスがお客様の要件を満たすこと、(II) サービスが中断されず、タイムリーに、安全に、またはエラーが発生しないことを保証しません。 III) サービスの使用から得られる情報、または出版物に含まれる情報が正確または信頼できるものである、または (IV) 出版物またはサービスの品質がお客様の期待に応えるものであること。信頼できるインターネット接続とデバイスの取得と維持については、お客様が単独で責任を負います。 MAGZTER は、お客様がコンテンツをダウンロードできないことについては責任を負いません。ダウンロードまたはサービスの使用を通じて取得したマテリアルは、お客様自身の裁量とリスクで行われ、かかるマテリアルのダウンロードに起因するコンピューター システムまたはモバイル デバイスへの損害またはデータの損失については、お客様が単独で責任を負うものとします。口頭か書面かを問わず、お客様が magzter から、またはサービスを通じて、またはサービスから得たアドバイスや情報は、いかなる保証も生じません。

2.お客様は、その情報を真実、正確、最新かつ完全なものに保つために維持し、速やかに更新するものとします。あなたは、自分のアカウントとパスワードの機密性を維持し、自分のコンピュータへのアクセスを制限する責任を負い、すべてのコンテンツとサービスの選択と使用を含む、自分のアカウントで行われるすべての活動に対する責任を受け入れることに同意します。

3. いかなる場合においても、Magzter.com、ウェブサイトおよびアプリケーション上のコンテンツの作成、制作、配布に関与する個人、団体、第三者は、契約上または法的責任を負いません。 Magzter.com の使用中または使用中にお客様に発生した直接的、間接的、付随的、特別、および結果的。 Web サイトに登録するか、アプリケーションをダウンロードすることにより、このセクションに記載されている規定が Web サイトおよびアプリケーションのすべての使用およびコンテンツに適用されることに同意するものとします。

3. Magzter からの事前の書面または許可がない限り、ここに公開されているものはすべて Magzter またはそのライセンサーの専有財産であるため、Magzter から取得したコンテンツを変更、コピー、配布、販売してはなりません。このような不正使用は、著作権法や商標法を含む適用法に違反する可能性があるため、Magzter はこれらを厳しく禁止し、そのような違法行為が証明または検出された場合は、アクセスとアカウントを停止します。また、これらの不正行為によって生じた損害についても責任を負う必要があります。出版物の法的所有者が許可する場合を除き、お客様は、サービスを通じてアクセスした出版物をダウンロードすることによって所有権を取得しないことを承認するものとします。著作権法で明示的に要求されている場合、またはサービスの機能によって許可されている場合を除き、変更、リバース エンジニアリング、公開、送信、表示、譲渡または販売への参加、派生作品の作成、またはいかなる形であっても商業的に利用または提供することはできません。 Magzter およびかかるコンテンツの所有者の明示的な許可なしに、アプリのコンテンツ、出版物、またはそれらの一部を第三者に提供すること。当社は、明示的か黙示的かを問わず、Magzter または Magzter のライセンサーの知的財産に対するライセンスを付与しません。

5. あなたは、Magzter.com が他のユーザーや第三者、またはそのコンテンツのいかなる種類の中傷的、攻撃的、または違法な行為に対して責任を負わないこと、および前述の行為による傷害のリスクは完全にあなたにあることを特に認めます。

8. Magzter は、お客様が本利用規約および Magzter が定めるその他の運用規則に準拠しているかどうかを判断する目的で、お客様が公開および入力したコンテンツを監視するすべての権利を留保します。 Magzter は、コンテンツについて決定を下し、独自の意志で削除する権利を有します。

9. Magzter は出版物の販売代理店であり発行者ではないため、Magzter は雑誌に掲載されている意見、アドバイス、声明、サービス、オファーなどを含むコンテンツに対する編集管理を行いません。したがって、Magzter は、そこで提供される情報や事実、または公式の資格に従って行動する Magzter の認定従業員以外の者がサービスを通じて利用できる情報や事実の正確性や信頼性について責任を負いません。したがって、当社には出版物に対する編集上の管理権がありません。本サービスが提供する出版物で行われた意見、アドバイス、声明、サービス、オファー、または第三者によって表明または利用可能にされたその他の情報またはコンテンツは、それぞれの著者または出版社のものであり、第三者のものではありません。マグザー。 Magzter は、サービスを通じてまたは出版物から得た情報への信頼によって生じた損失または損害に対して責任を負いません。本サービスには、他のインターネット サイトおよびサードパーティのリソースへのリンクが含まれている場合がありますが、Magzter は、そのようなリンクされたサイトで利用可能な通信またはマテリアルについては一切の責任を負いません。これらのリンクは便宜のためにのみ提供されています。サードパーティのサイトにアクセスしたり、サードパーティのサイトを通じて注文したりするときに適用される利用規約を理解するのは、お客様自身の責任です。

不快なコンテンツの詳細（プラットフォーム上のリンクを含む）

お気に入りの作品をダウンロードすれば、いつでもどこでもオフラインで読むことができます

愛する人に Magzter ギフト カードをすぐに贈り、何千ものベストセラー タイトルの中からお気に入りの雑誌や新聞を自由に読めるようにしましょう。

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

{{magCount}}冊の人気のインターナショナル雑誌からお気に入りの雑誌を自由に選べるMagzterギフトカードを、大切な人に今すぐ贈りましょう。

Girish Ramdas は、世界的なデジタル出版ビジネスで話題を呼んでいる、ニューヨークを拠点とする新興企業 Magzter の共同創設者兼 CEO です。 Magzter は 2011 年のサービス開始以来、150 か国以上から 9,000 万人のユーザーを獲得しており、世界中の 4,500 以上の出版社から数千冊の雑誌、新聞、書籍が提供されています。彼は、印刷物、モバイル、Web 開発を含むクロスプラットフォーム出版において 25 年以上の経験があります。この期間中、彼は 3 つの新興企業を共同設立し、経営して成功を収めてきました。彼は雑誌社のデジタル化を可能にし、デジタル世界でコンテンツの収益化を支援してきました。ギリッシュは、オンライン、モバイル、出版エコシステムにおける深い業界経験により、世界中のプラットフォームにわたるデジタル コンテンツの取得、マーケティング、収益化の専門家となっています。

当社のプラットフォーム上で不快なコンテンツに遭遇した場合、当社はお客様の懸念に対処するために苦情救済ポリシーを導入しました。

Magzter Inc. (「当社」、「当社」、「当社」) は、お客様がご自身の個人情報がどのように使用および共有されるかについて関心を持っていることを承知しています。当社のプライバシー慣行の詳細については、次のプライバシー ポリシー(「ポリシー」) をお読みください。当社が運営するウェブサイトおよびそのサブドメインのいずれかにアクセスするか、当社のモバイル アプリケーションやその他のコンテンツ配信方法(総称して「サービス」) を使用することにより、概要が説明されている慣行およびポリシーに同意したことになります。本ポリシーに記載されており、お客様は、当社がお客様の情報を以下の方法で収集、使用、共有することに同意するものとします。

Magzter Inc. は、世界最大かつ急速に成長しているセルフサービスのクロスプラットフォーム デジタル ニューススタンドで、2011 年の創業以来 9,000 万人を超えるユーザーがおり、40 以上のカテゴリ、60 以上の言語にわたる数千の雑誌や新聞を扱っています。ニューヨークに本社を置く Magzter は、アムステルダム、ロンドン、メキシコシティ、チェンナイ、ムンバイ、ニューデリー、バンガロール、シンガポールに現地拠点を置いており、間もなく他の国にも拡大する予定です。 2011 年 6 月に世界的起業家であるギリッシュ ラムダス氏とビジェイ ラダクリシュナン氏によって設立された Magzter は、世界中の雑誌や新聞の出版社が自社のタイトルのデジタル版を作成し、世界中の消費者に配信できるようにします。

Magzter は、ユーザーに安全なプラットフォームを提供することに尽力しています。 Magzter は、パブリッシャーがコンテンツを配布するためのプラットフォームにすぎないことに注意してください。当社は、当社のプラットフォームで公開されるコンテンツを管理または推奨しません。当社は、発行者の行動またはそのコンテンツに対して責任を負いません。

Magzter は、コンテンツまたはコンテンツの一部が権利を侵害したために損害を被った、または費用が発生した当事者を補償する責任を負いません。 Magzter は、第三者の権利を侵害するコンテンツまたはコンテンツの一部に起因する権利侵害について、民事裁判所で法的措置を講じる責任を負いません。

Magzter は、Magzter GOLD と呼ばれる世界最大の「読み放題」サブスクリプション サービスを提供しています。これにより、デジタル読者は月額サブスクリプション料金で 9,000 以上の雑誌や新聞に無制限にアクセスできます。 Magzter はまた、アプリ向けの革新的な ezRead 2.0 機能により、世界最大の記事数を誇ります。これにより、スマートフォンや小さな画面のモバイル ユーザーは、本来の楽しみ方で雑誌コンテンツを楽しむことができます。読みやすく、素晴らしいビデオと高解像度の写真が付いています。

名前

Magzterでのコンテンツ発行に関するサポートが必要は場合は、このフォームに記入してください

 Magzter に入社する前は、Dot Com Infoway (DCI) および Galatta Media の社長を務めていました。彼の任務には、戦略的マーケティング、パートナーシップ開発、コンテンツの世界的な収益化が含まれていました。 DCI は、2000 年には 3 人だった小さなチームから、2011 年には 300 人にまで成長し、世界中のクライアント向けに Web、ソフトウェア、アプリの開発を手がけていました。

Magzterの開始以来、お客様に最高のニューススタンドテクノロジーとサービスを提供するため、世界各国の組織や機関と提携することに尽力してきました。雑誌の購読を顧客に提供したい場合や単に詳細に興味がある場合など、お気軽にお問い合わせください。Magzterはお客様のビジネスの成長を支援いたします。お問い合わせ内容について、以下の質問票にご記入ください：

{{trailText}}無料でお試しください

{{trialPackText}}無料でお試しください

 DMCA では、元の DMCA 通知を提出した当事者が反対通知のコピーを受け取ってから 10 営業日以内にお客様に対して訴訟を起こさない場合、当社は削除されたコンテンツを復元することができます。

このポリシーは、お客様がサービスにアクセスする際に当社が収集する、個人を特定できる情報(「個人情報」) およびお客様およびお客様のコンピューターまたはデバイスに関するその他の情報の当社の取り扱いを対象としています。以下で詳しく説明するように、当社はお客様から個人情報を収集することがあります。当社はこの個人情報を、当社の製品、サービス、コンテンツ、広告をパーソナライズ、提供、改善するため、またお客様がユーザー アカウントとプロフィールを設定し、お客様に連絡し、特定の製品やサービスに対するお客様のリクエストを満たし、お客様によるサービスの使用状況を分析するため。場合によっては、当社は一部の個人情報を第三者と共有する場合もありますが、これはポイント 4 に記載されているとおりに限られます。

このタイトルは Magzter GOLD サブスクリプションに含まれています

コンテンツの品質を分析し、パブリッシャーに適切なフィードバックを提供するため

当社では、不快なコンテンツに関するあらゆる苦情に対応する苦情担当者を任命しています。

不快なコンテンツに関する苦情は、上記の電子メール アドレスに電子メールで苦情担当者に送信するようお願いします。また、苦情を申し立てる際には、以下の詳細を提供するようお願いします。

さまざまな雑誌、書籍、ニュース、雑誌および出版物関連コンテンツ (総称して「出版物」と呼ばれます) を注文、購読、配信を受け取り、これらの出版物のデジタル版を配信する機能を提供するアプリ

c.また、パーソナライズされた推奨事項を作成するために、アプリケーションの使用に関連する情報も収集します。お客様がサードパーティのアカウント資格情報を当社に提供した場合、お客様がそのような送信を許可した場合、それらのアカウント内の一部のコンテンツおよび / または情報(以下「サードパーティのアカウント情報」) がお客様のアカウントに送信される可能性があること、およびそのサードパーティのアカウントが当社のアカウントに送信される可能性があることを理解したものとします。サービスに送信される情報は、本ポリシーの対象となります。

 f.当社が収集する個人情報により、当社はお客様のリクエストに対応し、当社の製品とサービスを改善し、お客様に表示される広告とコンテンツをカスタマイズし、新製品についてお客様に連絡することができます。

は、2011 年の設立以来 9,000 万人を超えるユーザーがおり、40 以上のカテゴリと 60 以上の言語にわたる数千の雑誌や新聞を擁する、世界最大かつ急速に成長しているセルフサービスのクロスプラットフォーム デジタル ニューススタンドです。ニューヨークに本社を置く Magzter は、アムステルダム、ロンドン、メキシコシティ、チェンナイ、ムンバイ、ニューデリー、バンガロール、シンガポールに現地拠点を置いており、間もなく他の国にも拡大する予定です。 2011 年 6 月に世界的起業家であるギリッシュ ラムダス氏とビジェイ ラダクリシュナン氏によって設立された Magzter は、世界中の雑誌や新聞の出版社が自社のタイトルのデジタル版を作成し、世界中の消費者に配信できるようにします。

 n.また、ユーザーが当社の利用規約を遵守していることを確認するために、使用状況情報も使用されます。たとえば、ユーザーの使用状況情報は、ユーザーが雑誌やその他のコンテンツを許可された回数、または許可された数のデバイスにのみダウンロードしていることを確認するのに役立ちます。

これにより、デジタル読者は月額購読料で 9,000 以上の雑誌や新聞に無制限にアクセスできるようになります。 Magzter はまた、アプリ向けの革新的な ezRead 2.0 機能により、世界最大の記事数を誇ります。これにより、スマートフォンや小さな画面のモバイル ユーザーは、本来の楽しみ方で雑誌コンテンツを楽しむことができます。読みやすく、素晴らしいビデオと高解像度の写真が付いています。

Forbes Indonesia - August 2013

Forbes Indonesia - August 2013

この問題で

Forbes Indonesia Magazine Description: