UPDATE - British Chamber of Commerce in Indonesia 2016.pdf · Mayor of Surabaya – Tri ... ISSUE 03 2016 04 Forthcoming Events 05 Chairman’s Message 06 Executive Update 07 Overseas

UPDATEwww.britcham.or.id

FACILITATING TRADE & INVESTM ENT BETWEEN INDONESIA AND BRITAINISSUE 03 2016

Financial Impact of Brexit on the World – Hard on Brits but there is a Silver Lining [P. 8]

Indonesia Sharpens its Focus on New Builds [P. 25]

Progress, at a Slow Pace

FOCUS ON INFRASTRUCTURE:

BANKING & FINANCE

INFRASTRUCTURE

THIS MONTH’S FEATURESMayor of Bandung – Ridwan Kamil [P. 16 ]

Mayor of Surabaya – Tri Rismaharini [P. 17]

TABLE OF CONTENTSISSUE 03 2016

04 Forthcoming Events05 Chairman’s Message06 Executive Update07 Overseas Business Network Update

BANKING & FINANCE

08 Financial Impact of Brexit on the World - Hard on Brits but there is a Silver Lining (COLIN BLOODWORTH –

PPI INDONESIA)

11 The Business of Tourism – Unveiling Opportunity for Indonesia’s Tourism in Asia’s Economic Growth (KEVIN

MARTIN – HSBC)

SPECIAL EVENTS

14 BritCham Executive Luncheon

THIS MONTH’S FEATURES

16 Ridwan Kamil – Mayor of Bandung17 Tri Rismaharini – Mayor of

Surabaya 19 Irma – WomenPreneur Community

Chairwoman20 Arief Rahardjo – Director Research

and Advisory PT. Cushman and Wakefield Indonesia

22 Matthew Shaw – Managing Director PT. Cushman and Wakefield Indonesia

INFRASTRUCTURE

25 Indonesia Sharpens its Focus on New Builds (OXFORD BUSINESS

GROUP)

Our patron: Proudly sustained by:

The Executive Office is kindly sponsored by:

Airline partner of the year 2013/2016:

Smart Office is sponsored by: This publication is not for sale. It is distributed free to members of the British Chamber of Commerce in Indonesia (BritCham). The articles selected for this publication represent a range of views on significant current issues in Indonesia. The views expressed in this journal cannot be assumed to represent the official views of BritCham as a whole nor of its Board of Management and Executive Office. Any errors of fact that occur in the articles are the responsibility of the contributing author or publisher. The articles are not intended as formal advice and should not be relied upon as such.

27 37Infrastructure in

IndonesiaLapband Surgery

39 Business and Social Gathering – July

39 BritCham Professional Women’s Group – July

40 EIBN Joint Gathering 40 Business and Social Gathering –

August41 BritCham Professional Women’s

Group – August42 Premier Oil, Celebrating 20 Years of

Mutual Success in Indonesia42 BritCham Indonesia Partners with

Emirates Airlines43 BritCham Breakfast Briefing

– Indonesia’s Second Cabinet Reshuffle

44 BritCham Breakfast Briefing – Indonesia: The G20 Nation Always Relying on “Potential”

M EM BER’S ANNOUNCEM ENTS

45 Four Seasons Hotel Jakarta and Green Energy Geothermal

46 Berwin Leighton Partners, Kärcher, and Qualter Hall

27 Infrastructure in Indonesia (ELSYE

YAW – GLOBAL EXPANDIA)

29 The Urgency of Human Capital Reforms in Indonesia (ANKA –

BRITCHAM)

30 Unveiling Greater Tourism Infrastructure Investment Potential in 10 New Balis (ABDUL HAMID ALFANI

– BRITCHAM)

34 10 Tips on How to Engage Employees through Continuous Improvement (CEO SUITE)

LIFEST YLE AND HEALTH

36 You can Overcome Diabetes (DR

STANLEY LIEW CHOON FONG – RAFFLES

HOSPITAL)

37 Lapband Surgery (DR BALADAS

HARIDAS GANESAN – RAFFLES

HOSPITAL)

EVENTS

38 Business and Social Gathering – June

www.britcham.or.id | 3FACILITATING TRADE & INVESTMENT BETWEEN INDONESIA AND BRITAIN

17 October 2016 Young Professional Group with Thomas Lembong (The Chairman of Indonesia Investment Coordinating Board)27 October 2016 BritCham Business and Social Gathering24 November 2016 BritCham Business and Social Gathering8 December 2016 BritCham Christmas Party

British Chamber of Commerce in Indonesia

www.britcham.or.id

21 October 2016Joint Chambers Eastern Seaboard

Networking Evening

29 November 2016International Business

Awards Dinner

15 December 2016 BCCT Christmas Luncheon

members.bccthai.com

British Chamber of Commerce in Thailand

19 October 2016BritCham SME Speed

Networking

11 November 2016Unified Communications: Cutting

Through the Noise

10 December 2016The BritCham Ball: A Very

British Christmas

britcham.org.sg

British Chamber of Commerce in Singapore

FORTHCOM ING EVENTS

29 September 2016

Varsity Education Reception

at the British High

Commissioner’s Residence

22 October 2016

Great British Ball 2016

9 December 2016

BMCC Annual Corporate

Christmas Luncheon

www.bmcc.org.my

British Malaysian Chamber of Commerce

6 October 2016

BBGV support GBA event:

Octoberfest Ho Chi Minh City 2016

3 November 2016

The Economist Events – Vietnam

Summit 2016

bbgv.org

www.bmcc.org.my

British Business Group Vietnam

Get the latest information of the upcoming events, business, trade, and investment related matters on our social media as follows:

British Chamber of Commerce Indonesia@britcham_id@britcham_id

British Chamber of Commerce in Indonesia

For further information or to make a reservation, please contact [email protected] or call Icu at +62 21 522 9453

For sponsorship, please contact [email protected]

4 | UP.DATE ISSUE 03 2016 COPYRIGHT © 2016 THE BRITISH CHAMBER OF COMMERCE IN INDONESIA

What we do have in the UK is a newly formed cabinet with a new PM and a considerable task ahead of them. With all this to consider, the BritCham Executive Luncheon on Tuesday, 30th of August became ever more significant. With our main speakers being H.E. Mr. Vincent GUEREND, the EU Ambassador to Indonesia, Brunei Darussalam, H.E. Mr. Rizal Sukma, the Indonesian Ambassador to the UK and IMO, Mr. Richard Graham MP, the PM’s Trade Envoy to Indonesia and the ASEAN Economic Community. The event which was moderated by Shinta Kamdani Deputy Chairwoman of International Relations of KADIN proved successful and underlined that the business opportunities and partnerships between the UK and Indonesia remain strong and largely unaffected by the decision at least in the near term and could lead to even greater opportunity.

On a wider global viewpoint, we are witnessing one of the most bizarre

political contests in modern American history. There are continued political challenges with Russia and the looming shadow of a sharp economic slowdown in China. In fact, at the time of writing this update it is very difficult to predict what other global historic events may have occurred in the intervening period?

So it is refreshing to turn our attention to Indonesia which can be viewed in contrast to the rest of the globe. In Indonesia we continue to see more stability and political unity and a reasonable platform within government – at least conceptually. There is more talk of competitiveness and resulting trade deals with the newly reshaped cabinet. Whilst significant challenges still exist, let us hope we see a success made of the tax amnesty and that the political will remains to want to be a more open economy at a time when the global tides seems to be going in the other direction.

World Trade Centre 5 / Wisma Metropolitan 1, 15th FloorJl. Jend. Sudirman Kav. 29-31Jakarta 12920 – Indonesia Phone +62 21 522 9453 Fax +62 21 527 9135 Email [email protected]

2016 IS SHAPING UP TO BE A VERY INTERESTING YEAR ON MANY FRONTS. IT SEEMS OLD NEWS NOW BUT THE DECISION TAKEN BY THE UK TO LEAVE THE EUROPEAN UNION ON JUNE 23RD STILL HAS MANY OF US WONDERING WHAT A POST-BREXIT BRITAIN WILL ACTUALLY LOOK LIKE?

CHAIR M AN’S M ESSAGE

OFFICERS CHAIRMAN Adrian Short VICE CHAIRMAN Harun Reksodiputro HONORARY SECRETARY James Bryson HONORARY TREASURER Steven B. Reid | FOCUS GROUPS CHAIRMAN OF ENERGY & NATURAL RESOURCES SECTOR David Braithwaite MBE CHAIRMAN OF H.R. DEVELOPMENT & EDUCATION David Knowles CHAIRMAN OF INFRASTRUCTURE Richard Michael CHAIRMAN OF FOOD, FORESTRY, FISHERIES & AGRICULTURE Roger Pinder | SECTOR COMMITTEES CHAIRMAN OF MEMBERSHIP SECTOR COMMITTEE Aziz Adam Sattar CHAIRMAN OF YOUNG PROFESSIONALS GROUP Andrew Sutedja CHAIRMAN OF PROFESSIONAL WOMEN COMMITTEE Sony Jethnani BOARD MEMBERS Ainsley Mann, Olly Riches, Azis Adam Sattar, Colin Harvey, Prelia Moenandar, Darwin Silalahi, David Burke, Graham Garven, Jay Singgih, Jeremy Kemp, Rebecca Razavi, John Slack, Lorna Malcolm, Nick Holder, Tony Pranatadjaja | EX OFFICIO Heru Dewanto – CEO Indika Energy, Maxi Gunawan – KADIN Representative (CORRESPONDENCE FOR BOARD MEMBERS may be addressed to: [email protected]) | EXECUTIVE OFFICE EXECUTIVE DIRECTOR Chris Wren ([email protected]) BUSINESS MANAGER Olivia ([email protected]) GENERAL AFFAIRS COORDINATOR Putri ([email protected]) COMMUNICATIONS OFFICER Anka ([email protected]) MARKETING & SALES Steffi ([email protected]) EVENTS COORDINATOR Icu ([email protected]) FINANCE OFFICER Lia ([email protected]) FINANCE & ACCOUNTING STAFF Orlin ([email protected]) PUBLICATIONS [email protected] OVERSEAS BUSINESS NETWORK DEVELOPMENT PROJECT DIRECTOR ([email protected])

ADRIAN SHORTChairman of British Chamber of

Commerce in Indonesia

EDITORIAL TEAM The Executive Office: [email protected] DESIGN, LAYOUT & PRINTING One Asia Group

UP.DATE is published by BritCham (British Chamber of Commerce in Indonesia). This publication may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine readable form without the express written permission of the publisher.


EXECUTIVE UPDATE

CHRIS WRENExecutive Director of British Chamber

of Commerce in Indonesia

BRITCHAM TAKES ‘INDONESIA TO THE UK’The hugely acclaimed tri-partite luncheon panel discussion – our Embassy, KADIN and BritCham – with guests Richard Graham MP, the EU Ambassador, Sumit of HSBC and moderated by Shinta Kamdani was not only an opportunity to gauge opinion on our BREXIT decision but to also to begin a period of momentum as we prepare for our most intensive UK Roadshow in November. From October 31, across nine cities, we will present the case for exporters and investors alike to add Indonesia to their strategic international growth and development programme. At different stages along the route, it is planned that we will be joined by Bank Indonesia, BKPM, the Indonesian Embassy, Richard Graham and a number of British businesses with experience of success in Indonesia. For the expected 300+ businesses that will engage, it will be a real opportunity to learn how to do businesses in spite of the challenges. It will also be a chance to get a real feel of what success can mean in the long term.

For our members, it will again significantly increase our network of UK businesses that will need services and other suppliers here in Indonesia. More than 10 percent of our members have received business inquiries via our Overseas Business Network channel. This roadshow will inevitably provide more intra-membership opportunities to a greater number of members.

MEMBERSHIP, CORPORATE NOMINEESIn performing an audit of our membership categories and lists of nominees, we have noticed that around 35% of corporate members are not yet using the full allocation of nominees permissible for the category of membership. In the near future, Putri will be writing to you to invite you to update and add to the nominee

lists. Please consider your additions in the context of the diversity of our event interests- Professional Women, Young Professionals, HR & Education, Energy & Natural Resources, Surabaya activities, Food, Forestry, Fishery & Agri, Infrastructure, ‘Giving Kids A Sporting Chance’, and more….. each nominee is regarded as a member corporately sponsored by you!

SURABAYA/EAST JAVAWe continue to build great networks in Surabaya among the public and private sectors. Our full-time resource, Yusuf is actively engaging with our British corporate interests. There are regular dialogues with KADIN Surabaya/East Java and the provinces of the region are keen for their investment and development pitches to be heard. The region is buzzing. Why not? It is the second largest city of this vast nation. If you like us to involve you in our Surabaya activities, please let me know – you may wish to join one of our monthly visits.

CHRISTMAS PARTYThis year’s Christmas Party comms went live at the Special Alumni Gathering. Having spent five consecutive years at the Mandarin Oriental, this year’s party will be at the newly re-opened Four Season’s Hotel on Gatot Subroto. The Mandarin Oriental remains our most used hotel for a whole range of events and we look forward to maintaining that great relationship. Please refer to separate Christmas Party promos. Our theme has multi layers cascading the most noteworthy and historical British events of this year. Fundraising will again be in support of Britcham’s Giving Kids A Sporting Chance portfolio. We welcome additional sponsorship support. And, please book your table and groups early to get the best spots in the house and to avoid disappointment. This is a great way to close your together.

PARTNERSI would like to extend my thanks to Iwan Kip of our Airline Partner of the Year, Etihad for the kind gesture of affording entry to 75+ BritCham members to the Indonesian Open Golf.

I would also like to welcome Emirate’s return of support via partnership with our Smart Office, our unique facility for visiting British SMEs. Please see our more detailed announcement.

NEW BRITCHAM TEAM MEMBERI would like to take this opportunity to welcome Putri Kadarmanto, who joins our team in the expanded role of Executive Assistant, Internal Affairs and Member Relations. A graduate of LSPR in 2010, Putri had 3 years supporting executive functions at Djarum and is active with the Menteng branch of the Rotary Club.

I am sure she will complement our great Executive Office team!

As usual, I am always very keen to hear your views and comments, particularly in the context of how we can continue to strengthen our relevance to you, our members. Please feel free to write directly to me: [email protected].


In August, the OBNi Indonesia team joined a workshop with Department for International Trade Jakarta (DIT Jakarta) which was held at the British Embassy, Jakarta. The DIT Jakarta team as well as the Prosperity Team joined this half-day workshop which was opened by Joel Derbyshire, who is the new Director of DIT in Jakarta. During the session, Joel delivered some insightful information to deliver our services and assist our clients in expanding their market.

On this occasion, we were very delighted to have Mr. Shozey Jafferi, International Trade Adviser for the South West region. He provided further insight into the role of International Trade Advisors in assisting UK companies looking for overseas partners, especially businesses in the South West.

TEAM UPDATEStarting in August, the OBNi Indonesia Research Team will have a new intern, Oza, who will play a supporting role in all necessary research conducted. Furthermore, we are very pleased to let you know that we are looking forward to welcoming Abdul Hamid as the new Project Assistant. Welcome on board, Abdul & Oza!

Last but not least, if you would you would like to know more about OBNi Indonesia and the services we provide, and/or to participate in any of our events, please feel free to contact us on +62 21 522 9453 or [email protected] (SHAVEEN SHARMA)

IN PARTNERSHIP WITH:

A number of the aforementioned events will be available to attend at the first trade only event in Indonesia that looks to represent the entire beauty sector – Beauty Indonesia Expo. The Expo will be held on the 19th and continue until the 21st of April 2017. We are also proudly supporting the EIBN Trade Mission, which will be focusing on the Maritime sector (September

25-29) and Food & Beverage sector (November 8-13). Despite the long holiday due to Eid Fitr, our team managed to deliver 8 BSS reports this month which includes both research and a visit programs.

OBNi WORKSHOP WITHDEPARTMENT OF INTERNATIONAL TRADE JAKARTA

OVERSEAS BUSINESS NET WORK INITIATIVE

SINCE JUNE 2016, OBNi (OVERSEAS BUSINESS NETWORK INITIATIVE) HAS ASSISTED MORE THAN 150 UK SMES EXPAND THEIR MARKET OPPORTUNITIES IN INDONESIA. THE UPCOMING EVENT LIST FOR THE OBNI HAS RECEIVED GROWING APPRAISAL AS THE PROJECT MATURES. KEY EVENTS OBNi OFFERS INCLUDES EXHIBITIONS, TRADE MISSIONS, AND COCKTAIL RECEPTIONS.

Updates and Developments for MembersBRITISH BUSINESS CENTRE:


European equity funds saw record net monthly outflows in July of EUR58 billion. But stock markets quickly recovered after an initial dip and some have even reached new highs. Illustrating again that panic is not the best reaction to bad news. What has not recovered is the British Pound and it is not likely to do so for some time.

WHY DID THE BRITISH PUBLIC VOTE TO LEAVE THE EU?It was by no means a landslide victory; the margin was just 51-49. But why would so many people want to leave the EU when they had been warned of the dire consequences? Among the obvious

concerns were loss of sovereignty in decision-making and the more emotive issue of uncontrolled immigration. But some see it as part of a wider global revolt against the ‘establishment’. Automation and globalisation have resulted in efficiencies and profits for big companies but the wealth has not trickled down.

According to Wealth-X’s 2015 – 2016 Billionnaire Census, the number of billionnaires in the world increased by 6.4% over one year to 2,473 and their collective wealth rose by 5.4% to US$7.7 trillion. But for the man in the street it is a different story. Resentment lies not

just with the working classes but also the middle classes. There is a feeling that the ‘establishment’ is out of touch. Such a mood seems to be brewing in several European countries. Time will tell if Brexit is a ‘one-off’ or whether others will follow.

We have been seeing the same trend in the US where Donald Trump, whose rhetoric would probably attract little or no interest in the UK beyond the bar of a local pub, has won the support of millions of Americans, most likely because he represents change, a means of ending the status quo. He could spring a surprise for similar

Financial Impact of Brexit on the World HARD ON BRITS BUT THERE IS A SILVER LINING

SEVERAL WEEKS HAVE NOW PASSED AND IT IS CLEAR THAT THE SHOCK DECISION ON JUNE 23 OF BRITISH VOTERS TO LEAVE THE EUROPEAN UNION HAD AN IMMEDIATE IMPACT BUT IT DID NOT PROVE TO BE THE END OF THE WORLD. FOR MOST PEOPLE OUTSIDE EUROPE IT HAS BEEN BUSINESS AS USUAL. CERTAINLY THERE WAS SOME IMMEDIATE POLITICAL FALLOUT AND THE BRITISH POUND LOST 10% WITHIN HOURS.

BANKING & FINANCE


reasons to the Brexit vote. He has already tweeted ‘They will soon be calling me Mr. Brexit’. No doubt he was alluding to this phenomenon.

WHAT HAS BEEN THE FINANCIAL IMPACT ON BRITS?The impact has been quite significant for some. An immediate casualty was a large travel agency that blamed uncertainty prior to the vote and cancellations after the vote for forcing it out of business. The fall in the British Pound has made travel abroad more expensive so for some it will be holidays in Skegness or Blackpool rather than Majorca or Bali for a while. British companies that export mainly to Europe may have to relocate there. International banks are widely expected to reduce their presence in London and move some of their operations to France or Germany. In both cases thousands of jobs could be lost.

The Commercial Real Estate sector in Britain has been hard hit. According to a Moody’s Investor Service special report published on August 17 the commercial property crisis brought about by Brexit could lead to losses totalling £12 billion across the six largest banks.

Hard hit in the same sector are individual investors in at least half a dozen UK commercial property funds which were suspended following a panic rush of redemptions. If any of the funds are heavily leveraged we could see a repeat of the Glanmore Property Fund disaster of a few years ago when there was next to nothing left for investors after the bank debts were repaid. This serves as a warning again that open-ended funds that invest in illiquid assets but have daily or even monthly dealing should be avoided.

Perhaps the hardest hit group are those who are about to retire. As a consequence of Brexit government bonds have seen yields fall to record lows. In 1997 a ten-year gilt would yield 8%. As of August 19 this year the yield had fallen to 0.56%. Even a 30-year gilt will pay only 1.3% per annum. Put another way, if you are relying on long-dated government bonds for retirement an investment of GBP100,000 would provide you with an income of only GBP1,300 per annum. The interest on the bond is fixed; that is why its value falls when general interest rates rise. So you could lose capital also if you sold the bond before maturity.

Purchasing an annuity will give you a higher return but insurance companies also have to rely on bonds to fund lifetime pensions. Consequently annuity rates are also at record lows. This trend was in place before Brexit and was one of the reasons the government allowed pension cash to be fully accessed at age 55 (subject to tax) last year. Frustrated at low annuity returns many of those eligible have chosen to access the cash, but without careful planning the cash can quickly run out. Seeking higher returns will see higher risk in the same proportion.

The roulette wheel would be a good example. Exciting maybe while the wheel is spinning but you cannot gamble with your pension.

B r i t i s h pensioners living abroad have been further hit as they saw an immediate fall of 10% in the value of their state pensions when converted to local currencies. For those living in Indonesia and other countries where state pensions are ‘frozen’ the devaluation of the pound is a further blow. A large group of ‘frozen’ British pensioners in Bali are feeling particularly aggrieved. As for those still holding private pension funds in the UK the facility to transfer them overseas via a tax-saving ‘QROPS’ may disappear. Once free of the EU rules that forced transferability the British government may well decide to prevent pensions and their future tax income from leaving the UK.

The fall in bond yields has also impacted company pension funds in the UK, making it even harder for many to sustain defined benefits that were promised decades ago. According to The Telegraph there are 6,000 of these schemes and 5,000 are now in deficit to a total tune of almost £1 trillion. There could be more cases like the recent failed high street store BHS with its £500 million pension fund liability.

SO WHERE IS THE ‘SILVER LINING’?All Brits however, including pensioners, with investments in stock markets will have seen the fall in their currency followed by a compensating rise in the UK and other stock markets. Also, most investment portfolios will have some exposure to the US Dollar so will have benefitted from the additional

Colin Bloodworth,

has spent over 25 years in Indonesia, part of which was in the oil industry. If you have any questions on this article or related topics you can contact him at 021 2598 5087 or [email protected]


pounds generated by the stronger dollar. Investments in commodities like oil and gold are seeing very good returns in pound terms. As an example, the Guinness Global Energy GBP Fund returned 24.1% in the seven months to the end of July. The USD version of the fund returned 11.8%. So the real return in either currency would have been about the same.

People often see cash as a ‘safe’ haven while stock markets are perceived as ‘risky’. Yet when currencies sink, cash is no longer king.

The lower pound will be beneficial to British exporters and should give a boost to domestic tourism now that the UK has become a more affordable destination. Brits working overseas earning a dollar salary will have seen an immediate pay rise, in pound terms anyway.

Trade with other countries should not be adversely affected if new trade agreements can be negotiated. As far as Indonesia is concerned, the British Ambassador Moazzam Malik has already told the Jakarta Post that he does not think that Brexit will have a big impact on the two countries’ relationship.

The UK is still the fifth largest economy in the world and is also the fifth largest investor in Indonesia; there is no reason to see that changing. In fact, British exporters can take advantage of the opportunity to tell Indonesia and

the world that their products are now available at a 10% discount.

Irrespective of Brexit, where personal investing is concerned there needs to be an awareness that the days of easy and high returns are gone, at least for the time being. It means working

harder, saving more and perhaps postponing retirement for a few years. This would have been the case in any event; Brexit just adds a little more pressure and reminds us we never know what is around the corner.

BANKING & FINANCE

Britcham_Halfpage_2016_FA.indd 1 7/13/2016 10:58:38 AM

“PEOPLE OFTEN SEE CASH AS A ‘SAFE’ HAVEN WHILE STOCK MARKETS ARE PERCEIVED AS ‘RISKY’. YET WHEN CURRENCIES SINK, CASH IS NO LONGER

KING.”

So when people talk about how important it is to promote the free trade of goods, they should not forget there are many steps that can be taken to stimulate the business of tourism. Improving regional air connections, making airports more traveller friendly, and reducing restrictions on international travel are just some of the measures that can make a destination more attractive to potential visitors.

All Asian countries stand to benefit from improvements in these areas, but perhaps none more so than those in Southeast Asia, where tourism is a particularly important driver of economic growth. According to the data from the World Travel & Tourism Council (WTTC), travel and tourism directly contributed US$117.9 billion to the gross domestic product of Southeast Asian countries in 2014, representing 4.8% of the total. In addition, the industry supported 11.2 million jobs across the region, while investment in this sector was US$49 billion over the same period1.

Tourism looks set to grow in significance, with the WTTC predicting that its contribution to GDP will grow

BANKING & FINANCE

Unveiling Opportunity for Indonesia’s Tourism in Asia’s Economic Growth

THE BUSINESS OF TOURISM

WHEN PEOPLE TALK ABOUT ECONOMIC GROWTH IN ASIA, THEY TEND TO HIGHLIGHT THE REGION’S ROLE IN GLOBAL TRADE AND AN EVER INCREASING AMOUNT OF PHYSICAL GOODS BEING SHIPPED FROM COUNTRY TO COUNTRY. BUT THIS PICTURE FAILS TO CAPTURE THE MOVEMENT OF PEOPLE – AND IN PARTICULAR, THE WAY THAT TOURISM IS A MAJOR CONTRIBUTOR TO DEVELOPMENT IN THE ASIA-PACIFIC REGION.

1 https://www.wttc.org/-/media/files/reports/economic%20impact%20research/regional%202015/southeastasia2015.pdf

Kevin Martin, HSBC Head of Retail Banking and Wealth Management, Asia Pacific


BANKING & FINANCE

by 5.4% per annum to US$209.4 billion by 2025.

The industry also helps shine a light on how Asia is becoming increasingly interconnected, with the movement of leisure travellers across the region mirroring the growing trade flows between countries.

Indonesia is well poised to play a significant role in this movement. Having 95,181 km of coastline length throughout its 13,466 islands, Indonesia is home to 1,128 ethnic groups, which translates to the vast richness of biodiversity and thousands of culinary tradition. This is a special proposition that Indonesia uniquely offers. But that’s not all.

The rise of the Chinese tourist is a case in point. Now that the China boasts the world’s second largest economy, its growing middle class is proving to be a major source of outbound travellers. In just a few short years, it has become a huge tourism market for destinations across the world; and in Asia, this has translated to a surge in Chinese visitors. In 2015, ministry of Indonesian tourism recorded 1.3 million Chinese tourists alone.

They are attracted to the abundant shopping opportunities that Indonesia has to offer, where much of their expenditure comes from branded

goods, available in big cities in the Country.

The surge in visitors to the Country looks set to continue. From January to May this year, the number of international tourists in Indonesia increased 7.5%, which mostly comes from Singapore, Malaysia and Australia. The biggest market for Southeast Asian tourists is indeed quite close to home, with 46% of visitors to members of the Association of Southeast Asian Nations coming from other ASEAN countries, according to data from the organization’s strategic tourism plan2. This indicates the positive trend towards the 12 million targeted international visitors this year.

The movement of people also goes in the other direction, as Southeast Asia’s rapid economic growth is making international travel an option for a growing segment of the population. We can see that travellers in the region are willing take advantage of countries that reduce travel restrictions.

For example, approximately 7 million tourists have visited Indonesia since the visa free policy was reintroduced in October 2015. Currently there are 169 countries in Indonesia’s visa free policy, which is aimed to boost foreign tourist

arrivals to the archipelago, to meet the targeted 20 million visitors by 2019.

Travel in the region is supported by an agreement that allows citizens of ASEAN member states visa-free access to holiday in other members of the organization3. This makes it especially easy for the region’s travellers to experience the wide cultural diversity on offer from the ten countries that make up the organization.

Away from ASEAN, we can see industry support from Asia Pacific Economic Cooperation (APEC) – another major organization devoted to the promotion of free trade. In late May, the APEC Tourism Ministerial Meeting took place in Peru, with the increase of regional travel and tourism at the top of the agenda.

It should be clear by now that tourism is more than just about holidays, it is big business. This is especially true in Southeast Asia, where there are already measures in place to facilitate the movement of people. We should welcome any further developments in this field – not only because travel provides rich life experiences, but also because it is a major driver in Asia’s economic development.

2 http://www.asean.org/storage/2012/05/ATSP-2016-2025.pdf Page 33 http://www.asean.org/?static_post=asean-framework-agreement-on-visa-exemption-kuala-lumpur-25-

july-2006-2


SPECIAL EVENTS

In late August, at the Board Room Mandarin Hotel Jakarta, BritCham in cooperation with the Indonesian Chamber of Commerce (KADIN) and the British Embassy held an important event which saw VVIP speakers attend, namely Mr. Richard Graham MP (The Prime Minister’s Trade Envoy to Indonesia and the Asean Economic Community), H.E. Mr. Rizal Sukma (Indonesian Ambassador to the UK), H.E. Vincent Guerend (EU Ambassador to Indonesia and Brunei Darussalam), and Mr. Sumit Dutta (HSBC Country Manager and Chief Executive). Topics that were discussed include the post-Brexit* and its implications, as well as relations between Indonesia - UK post

Brexit. The event opened at 14.00 and began with the introduction of speakers by the moderator Mrs Shinta Widjaja Kamdani. Mrs Shinta Widjaja Kamdani is the Chamber of Commerce Deputy Chairwoman of Internal Relations, and is also an adviser to Indonesia’s Vice President H. Muhammad Jusuf Kalla and a CEO of Sintesa Group.

Two months after the United Kingdom decided to leave the European Union, Indonesian businesspeople have seen more opportunities to enter the UK market as the impact of Brexit on both countries’ bilateral trade has proved to be insignificant so far. Indonesian Chamber of Commerce and Industry

(Kadin) deputy chairwoman of international relations Shinta W. Kamdani said Brexit had impacted the UK’s economic decision-making but not its trade relations, as there was still high demand for Indonesian-made fashion and handicrafts. “We encourage the nation’s businesspeople to enter the fashion, culinary and handicraft markets in the UK,” she said in Jakarta on Tuesday.

Meanwhile, Indonesian Ambassador to the UK Rizal Sukma said despite Brexit, he was assigned by President Joko “Jokowi” Widodo to help Indonesian entrepreneurs expand their businesses in the UK market,

BritCham Executive Luncheon

TUESDAY, 30 AUGUST 2016 2016 | MANDARIN ORIENTAL HOTEL, JAKARTA

WITH MR. RICHARD GRAHAM MP (THE PRIME MINISTER’S TRADE ENVOY TO INDONESIA AND THE ASEAN ECONOMIC COMMUNITY), H.E. MR. RIZAL SUKMA (INDONESIAN AMBASSADOR TO THE UK), H.E. VINCENT GUEREND (EU AMBASSADOR TO INDONESIA AND BRUNEI DARUSSALAM), AND MR. SUMIT DUTTA (HSBC COUNTRY MANAGER AND CHIEF EXECUTIVE)

ADRIAN SHORT (CEO of Rolls Royce and Chairman of BritCham), H.E. VINCENT GUEREND (EU Ambassador to Indonesia and Brunei Darusalam), H.E. RIZAL SUKMA (Indonesian Ambassador to the UK), RICHARD GRAHAM MP (The Prime Minister's Trade Envoy to Indonesia and the Asean Economic Community), SUMIT DUTTA (HSBC Country Manager and Chief Executive), SHINTA KAMDANI (CEO of SIntesa Group), H.E. MOAZZAM MALIK (British Ambassador to Indonesia), and CHRIS WREN (Executive Director of BritCham Indonesia)

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especially for creative economy products.

Aside from business expansion, cooperation in vocational training systems with the UK was another task highlighted by the President to improve the capacity of Indonesian human resources. “The UK has some of the best vocational training in the world,” Rizal said. This special discussion panel was attended by 58 participants consisting of top-level executives. The speakers repeatedly explained that Indonesia is a country that is not supposed to worry too greatly about the effects of a post-Brexit relationship. Moreover, Richard Graham amid the events conclusion was quoted to have said “Brexit provides both incentive and opportunity to build on the UK’s relationship with Indonesia.”

After the event had finished, KADIN organized a press conference with H.E. Moazzam Malik (UK Ambassador to Indonesia and Timor Leste), H.E Vincent Gerund (EU Ambassador to Indonesia and Brunei Darussalam), Mr. Richard Graham MP (The Prime Minister’s Trade Envoy to Indonesia and the Asean Economic Community) and Ibu Shinta Kamdani. No less than 10 media outlets attended this conference which lasted for 30 minutes.

* Brexit is the forthcoming withdrawal of the UK from the economic bloc. In a June 2016 referendum, 52 percent of voters chose to leave the EU, leading to a complex separation implying political and economic changes for the UK and the region.

CHRIS WREN (Executive Director of BritCham Indonesia) and JAMES MORTIMER (Head of

Communications of British Embassy in Indonesia)

H.E. RIZAL SUKMA (Indonesian Ambassador to the UK), CHRIS WREN (Executive Director of BritCham), ADRIAN SHORT (CEO of Rolls Royce and Chairman of BritCham), and JAMES MORTIMER (Head of Communication of British Embassy in Indonesia)

HARUN REKSODIPUTRO (Ginting & Reksodiputro and Board Member of BritCham), SHINTA WIDJAJA KAMDANI (CEO of Sintesa Group) and H.E. MOAZZAM MALIK (British Ambassador to Indonesia)

The participants

CHRIS WREN (Executive Director of BritCham Indonesia), MATTHEW SHAW (Managing Director of Cushmand and Wakefield) and NICK HOLDER (Chief Corporate Development Officer of Prudential and also Board Member of BritCham)

The participants The participants


WHAT’S YOUR AGENDA FOR THE COMING YEARS FOR BANDUNG’S INFRASTRUCTURE?Bandung is the third largest city in Indonesia with a total population of 2.5 million, this raises to 6 million if you’re including the greater area. The GDP of Bandung is 6%, the highest rate in Indonesia. Indeed, we are facing many new challenges particularly in infrastructure, which is why this will be an area of heavy focus for the next 10 years. We carry on our efforts to provide more public transport options, such as the LRT and Cable Car. Not only that, but we are also preparing the electric bus and bike. To make this happen, the government has continued to build public facilities, such as flyovers, public-housing, and online portals.

THERE HAS BEEN A STRONG PUSH FOR THE TOURISM INDUSTRY – WHAT IS BANDUNG DOING/HAS DONE IN TERMS OF PROMOTING TOURISM?As the major tourism destination in West Java, tourists from both domestic

and international locations reaches 6 million annually. A joint initiative with the central government namely “Wonderful Indonesia” is continuously sustained through the re-branding and improvement of sectors that are greatly associated with tourism. Furthermore, we feel it is our responsibility to preserve and develop the nature of West Java. Promotion is carried out in ASIA countries, China, ASEAN, Middle East, Europe and the UK. We aim to make the tourism industry a significant pillar of the economy. Alongside with promotional activities, mice infrastructure is being built so that people not only visit Bandung for leisure purposes, but also business meetings/trips.

YOU RECENTLY SIGNED AN AGREEMENT WITH MARA FOR 200 TRADE STALLS IN MALAYSIA. COULD YOU TELL US MORE ABOUT THIS PROJECT?Brand Bandung is very popular in Malaysia. We previously conducted a study regarding our local products

amongst Malaysians. The result was greatly positive in terms of quality and price competitiveness. Thus, we signed an agreement with the Malaysian organisations namely “MARA” recently to create a special area called “Little Bandung” in Kuala Lumpur, Malaysia. Little Bandung will have 20 flagship stores with Bandung’s local products as the main display.

WHAT CAN BRITISH BUSINESS DO TO ASSIST IN THE FUTURE?Indeed, assistance is significant to boost our objectives. We need a guidance on location access and property that we can use in the UK to sell our local products. Secondly, we are attempting to build a similar concept of infrastructure in the UK which is recognised as a public private partnership. Our budget is Rp 60T, which has already been allocated for infrastructure. We hope that the British Chamber of Commerce can be actively involved in developing Bandung with regards to all aspects.


Mayor of Bandung

Ridwan Kamil


FIRST OF ALL CONGRATULATIONS FOR BEING ELECTED AS MAYOR FOR THE SECOND TIME. AS MAYOR OF THE SECOND LARGEST CITY IN INDONESIA, WHAT’S YOUR AGENDA FOR THE UPCOMING YEARS FOR SURABAYA’S INFRASTRUCTURE?My aim is to make Surabaya a hub for trade access. We are strategically situated between the two continents (Asia and Oceana), and we have just completed the construction of a new port which will enable international ships to stop here rather than in Singapore. As a result, the goods can be delivered directly to Australia and East Indonesia through Surabaya. We are currently attempting to collaborate with Liverpool and other cities in Europe to simplify the process.

BRITCHAM HAS APPOINTED SURABAYA AS INDONESIA’S SECOND CITY, AFTER JAKARTA. WHAT CAN BRITISH

BUSINESS DO TO ASSIST IN THE FUTURE?Surabaya welcomes British businesses in the service industry and other trade activities. We greatly need assistance in regards to the hi-tech sector including software and solutions.

ACCORDING TO OECD THE HIGHEST RATE OF UNEMPLOYMENT IS BETWEEN THE AGES OF 18-25. THE MOST PRODUCTIVE AGE GROUPS ARE FACING A DIFFICULT TIME TO FIND JOBS IN INDONESIA. WHAT IS YOUR VIEW AND WHAT IS THE BEST WAY IN SOLVING THIS ISSUE? Considering the importance of creating employment opportunities, we built an initiative named “Program Pejuang Muda Surabaya,” in which we provide training to encourage people to start up their own small businesses – SMEs focusing on the food and beverage industry. We are in partnership with


INTERVIEW BY BRITCHAM COMMUNICATIONS

TEAM (ANKA, IRENA, AND CHRIS COOK –

FORMER INTERN)

CORRUPTION – WE UNDERSTAND CORRUPTION IS A BIG ISSUE IN INDONESIA. WHAT DO YOU THINK IS THE BEST WAY TO TACKLE THIS ISSUE?We signed a Memorandum of Understanding and Collaboration with KPK to combat the corruption which occurs in our institution. One of the initiatives is known as e-gratification where people can report whether someone received some kind of bribe. A second critical effort is to shift the conventional administration management to online system management. This proves very successful in reducing corruption issues. E-budgeting is one of the breakthroughs as well. Technology is my primary approach to manage the government. Currently, our online system is ranked 1st in Indonesia, that’s why we are very keen to improve our system. We are giving permission to other cities in applying ours if they would like to.

UNEMPLOYMENT – ACCORDING TO OECD THE HIGHEST RATE OF UNEMPLOYMENT IS BETWEEN THE AGES OF 18-25. THE MOST PRODUCTIVE AGE ARE FACING A DIFFICULT TIME TO FIND A JOB IN INDONESIA. WHAT IS YOUR VIEW AND WHAT IS THE BEST WAY IN SOLVING THIS ISSUE?The first is that in Bandung, we are promoting vocational school (SMK) more, we are expecting them to get their chances to enter the labor market more readily. Secondly, we are promoting entrepreneurship. Bandung itself has a target within three years to create 100,000 new entrepreneurs. Considering new entrepreneurs, the government will be proactive, such as providing training, granting capital, and assisting them to promote their products digitally. That way we can reduce unemployment.

Mayor of SurabayaTri Rismaharini



variety of companies and cafes in order to acquire the knowledge from the experts. Not only that, but we also have a scholarship programme in order to assist those in need.

SURABAYA IS ONE OF THE SMART CITIES IN INDONESIA AND ONE OF THE GOALS IS THAT THE CITY IS FREE FROM CORRUPTION; CAN YOU PLEASE REVEAL HOW EFFECTIVE TECHNOLOGY AT ACHIEVING THIS?We focus on ‘Green City’; for instance, the basis of our office is ‘Green building’. We have directed all infra-development to use this as a basis for

sustainable development. However, we are aware that more advanced technology is needed to build this city. Having considered the limitations of funds and human resources, it

seems that traditional technology could be an alternate in building Surabaya as exemplified by the canal as the tourism area. We actualize this pattern to minimize the risk of flood. Furthermore, we are able to monitor via CCTV every side of Surabaya.

In efforts of combating corruption, we have been conducting a transparent and accountable government

administrative. That way, we could potentially reduce corruption.

AFTER SUCCESSFULLY INAUGURATED “JEMBATAN SUROBOYO” AS A NEW TOURIST DESTINATION IN SURABAYA, DO YOU HAVE ANY OTHER PLANS TO INCREASE THE TOURISM RATE IN SURABAYA?I could not share the programme at the moment as we are still in the process of discussion.

AS ONE OF THE HIGHEST GDP EARNING CITIES IN INDONESIA, CAN YOU PLEASE TELL US SOME TIPS ON HOW TO MAINTAIN THAT, AND ALSO WHAT ARE THE CHALLENGES?We need to make the people and/or ourselves independent, not relying on other parties. That would make us strong and able to survive in any circumstance.

INTERVIEW BY PAK YUSUF AGUNG

(BRITCHAM BUSINESS DEV. COORDINATOR

IN SURABAYA) ON BEHALF OF BRITCHAM

COMMUNICATIONS TEAM

“WE FOCUS ON ‘GREEN CITY’; FOR INSTANCE, THE BASIS OF OUR OFFICE IS ‘GREEN BUILDING’. WE

HAVE DIRECTED ALL INFRA-DEVELOPMENT TO USE THIS AS A BASIS FOR SUSTAINABLE DEVELOPMENT.HOWEVER, WE ARE AWARE THAT MORE ADVANCED

TECHNOLOGY IS NEEDED TO BUILD THIS CITY.”



COULD YOU PLEASE DESCRIBE THE STORY BEHIND WOMANPRENEUR COMMUNITY (WPC)?I started WPC in 2010. To begin with, what encouraged me was when I looked at my friends, particularly female, who do not work in the office and I initially thought they do not have the potential and it made them feel that they were second class. Personally, I think that woman can be like a ‘lifeboat for a carrier’. When the household economy is volatile, then she can be a savior. In addition, I live my life as a single parent. Starting from there, I often shared on social media, namely Facebook, and I made a group there in order to share media. From there we finally had a chance to meet one another, and eventually I thought why not create a community. In this community I encourage women to contribute to making something, having a business at home, and creating something that has value.

HOW MANY PEOPLE OR MEMBERS ARE JOINING THIS COMMUNITY?In total there are now 12,000 members. In 2013, I started to make the Incubator program and Business Development Competition. In this program a member will get business assistance and mentoring for four months. There are more than 10 business coaches who will be directly involved in the program until its ready to become a big business. The number of participants who follow the Business Incubator program is growing each year, this could indeed be a solution for those who intend to do business and create something. For me, to train and to teach women means training the next generation. Eventually, the program will evolve so that woman can empower other woman. Since our program is not able to reach all women in Indonesia, once our members are getting

guidance from us directly, they can also empower others, starting in their neighborhood.

WHAT ARE THE ACTIVITIES OF WPC MEMBERS? WPC has more activities in the field of business training including mental training so that when there are obstacles in the way, people do not fall quickly into despair. Various strategies for entrepreneurship including sales strategy, packaging strategy and marketing strategy. Training and coaching in WPC is held every month. In addition to training, the WPC members can see each other. For those who are in other cities, you can find facilities guidance online via Facebook, so that anyone, anywhere can chat more easily. Alongside the above activities, WPC also often carry out social activities such as visits to scavenger’s schools. Events are also held around basic entrepreneurial

Chairwoman of WomenPreneur

Community

IRMA



training by teaching them to create something such as crafts which can be sold to generate revenue.

WHAT HAVE YOU DONE TO PROMOTE WHAT THE MEMBERS OF THE WPC HAVE PRODUCED?After running for 5 years, we have now managed to have our own gallery. WPC Gallery which located at Blok M Plaza is proof of the seriousness of our communities to be a successful womenpreuner. Unfortunately, because the rental rates were too high, we were only able to rent it for 1 year.

Another thing we’ve done is participating in a tradeshow New York, USA called New York Now in August 2015. We took around 20 brands with us, which produced mostly handmade handicrafts. Luckily at the time we were supported by the Consulate General of New York (Consulate General of the Republic of Indonesia). In total there were 90 countries that participated in the tradeshow.

We also have a new program to help promoting entrepreneurs who are members of the WPC. The program name is promotional catalogs, because most of the members of WPC who are already starting a business do not know how to set up a good promotion. Therefore we help to make WPC promotional catalogs.

FINALLY, COULD YOU PLEASE TELL US HOW TO JOIN THIS COMMUNITY?We have a website for prospective members to register, which is http://womanpreneur-community.com/blog/. From there, people can register online to receive some benefits from us. We have also launched a WPC member card and to get the card members only have to pay Rp 125,000 a year. Furthermore the member card, can also be used as a discount shopping card.

INTERVIEW BY ANKA AND IRENA (BRITCHAM

COMMUNICATIONS TEAM)

FOR CUSHMAN AND WAKEFIELD WHAT PROPERTY MARKETS DO YOU FEEL HAVE THE MOST POTENTIAL? WHAT ARE YOUR MAIN PREOCCUPATIONS IN TERMS OF RESEARCH? Our scope of service in Research & Advisory Department of Cushman and Wakefield in Indonesia: As one of the largest and most respected property market research and advisory firm in the industry, we offer insights to real-time property market information and customized property development advisory / study. In the insights. In research part we profiles real estate conditions in major business markets / cities in Indonesia. We collect and compile

property market information on all property sectors and at the moment producing quarterly / six-monthly Greater Jakarta property market reports. Whereas scope of service in advisory we frequently provide customized studies such as market and feasibility, highest & best use, site selection and property portfolio analysis for local and international developers, investors or occupiers. We have done development advisory studies in all over major cities in Indonesia.

Property market in Indonesia is still Jakarta centric, more than 70% of commercial property development is in Jakarta. So when you ask about which markets have more

Director Research and Advisory PT. Cushman and Wakefield Indonesia

Arief Rahardjo



Arief Rahardjo

potential, I think property sectors have different characteristics. We see different property cycles. During 2013/14 the office market had the best performance, because the demand is high and there is a lack of supply. During 2014 many developers wanted to build, during 2015 we have a global economic crisis, many international companies postponed their expansion and local companies postpone providing locations for offices. The market experiencing oversupply, starting 2016 to 2018, there’s going to be 300,000 square meters new office space will be completed per annum. The office market is in the bottom cycle, the rental is also decreasing at the moment. On the other hand other sectors like retail are doing well, because with a 250 million people in Indonesia or more than 10 million people live in Greater Jakarta, and also an increasing middle class/ income, the future of international retailer in Indonesia and Greater Jakarta looks bright, and many firms are expanding aggressively in that sector. At the same time local government in Jakarta limits the permit of the new shopping mall, so the supply is controlled.

Targeting local markets, we still have inflexibility in having foreigners buying individual high rise residential in Jakarta and Indonesia. The market for high rise residential at the moment is stable. Last year we had a slightly soft market, but hopefully starting this year the market will be good again. Many developers are expecting new regulation such as tax amnesty can positively affect the high-rise residential market, especially in upper segment market. For middle accommodation, we expect many good Transit Oriented Development and affordable apartment project will be constructed as have been anticipated by single or young facility middle class people.

For other sectors, I think the most stable sector is landed houses, have

end-user target market, as most of 1st home buyer still prefer to purchase landed residential houses vs. apartments.

IS COMMERCIAL DEVELOPMENT GROWING OUTSIDE JAKARTA? As mentioned earlier, more than 70% of commercial property development is still in Jakarta. Indonesia’s other major cities, such as Surabaya, in term of supply only 10% of that of Jakarta. I think the apartment sector and trend of high-rise residential living is growing in other big cities in Indonesia. In Surabaya there are increasing condominium supply in West and East Surabaya. For other cities like Bandung, high rise residential development is there but is mainly catered for university students, so many reputable universities in Bandung. In Bali, we see many apartment blocks leased out as hotels, this is because of the large amount of tourism. Different cities outside Jakarta have a different characteristic that fits to leisure, tourism, education, or industry in Bekasi-Cikarang area. I presume each area has different potential.

WHAT ABOUT OTHER REGIONS, THE GOVERNMENT PLANS TO BUILD MORE SEAPORTS AND AIRPORTS, THEY SEEM VERY AMBITIOUS. WILL WE SEE A GREATER TREND LIKE THIS OUTSIDE OF JAKARTA? Since we are an archipelago country with approximately of 17,000 islands, the most important forms of transportation are seaports and airports. In terms of property development, it depends on the type of demand generator in each area, such as from commercial, industrial or leisure.

DO YOU EXPECT COMMERCIAL DEVELOPMENT TO EXPAND AND DIVERSIFY INTO OTHER CITIES? Yes, we have seen significant property development growth (both residential and commercial) in Surabaya,

Semarang, Medan, Pekan Baru, Balikpapan, Samarinda, Manado, Makasar and some cities in Papua. Our government strives to accommodate development and have launched several ‘’new economic zone’’ in several locations in Indonesia. In order to reduce urbanization in Java Island, the government need to decentralize the development.

COULD YOU ELABORATE MORE ON PROPERTY DEVELOPMENT AND ACCESSIBILITY? You can see so much infrastructure development in Jakarta, in a large number of areas. If you see from most figures, the commuters in greater Jakarta are massive. Many people for sure want to have housing outside of Jakarta. But they also need to have good public transportation. At the moment the quality of life in the Jakarta is very poor, especially related to the public transportation. People always depend on their private motorcycles or cars, and this can be very expensive. We could assure that there is and will be a new development in transportation, the new toll road and metro. Many developers build projects along busy corridors which are accessible to MRT and LRT station. As majority of the middle income lives outside the greater Jakarta area, it is greatly needed for housing and/or property to have close connection to public transportation.

Some of the developments are also quite massive by the airport due to the evolved trend across the globe. The concept is mainly known as Aerotropolis. Talking about Indonesia, the main airport is in Soekarno-Hatta, around which there are now many hotels. The hotel concept it mostly 3 star and budget accommodation since the target market is mostly transit travelers, which do not need a complete hotel facilities.

INTERVIEW BY NICHOLAS AND ANKA

(BRITCHAM COMMUNICATIONS TEAM)



WHAT IS YOUR PRIMARY FOCUS HERE IN INDONESIA? Our business is real estate. Our services are quite broad; hence it’s good for our economic diversity as a business, to have different business

offerings. Real estate is a cyclical business, with economic ups and downs. By having a diversified business and not exposed to the cycle of a particular one, we are able to manage a more consistent revenue, which

Managing Director PT. Cushman and Wakefield Indonesia

Matthew Shaw comes from transactional businesses )leasing office space, leasing malls, selling apartments, advising on the capital investment into real estate and disposal of real estate) and non-transactional services like Property Management, Project Management and Development Advisory.

PLEASE KINDLY SHARE CUSHMAN & WAKEFIELD MAIN PROJECTS/CASE STUDIES IN INDONESIACushman and Wakefield has a diverse interest in the real estate space. We have a primary function to service


our multinational client base. We have 43,000 employees, worldwide in all the major economic centers. Our Indonesian business is a part of that offering to our clients. In order to be credible to our international clients, we have to have a very strong local presence and local capability. So our business is substantially domestic and we have predominantly domestic employees. We have a very diverse business form the various foundation services, such as property management. We manage more than 2 million square meters of real estate , mainly office towers but also including retail malls and residential.

For corporate clients, which are cornerstone of our business we provide an end to end solution, from advising on arranging the selection and leasing or purchase of the premises, to delivering the fit-out of even for some larger clients managing the full development process of an office tower or industrial complex. We are a very diverse business; we are not just an advisory business, we are hands-on in the delivery.

THE MINISTER OF FINANCE RECENTLY CHANGED LEGISLATION ON TAX AMNESTY, HOW WILL THIS BE AFFECTED TO THE PROPERTY BUSINESS?We are very positive concerning the transformation that Jokowi is seeking to make. In regards to the tax amnesty, the success of the legislation is still under process and therefore it’s still too early to gage the potential impact, however, tax amnesty should have a positive impact for the real estate

sector. This may not be immediate because the repatriation of those funds may go into particular fund structures which are not directly real estate. But repatriating funds to Indonesia in the long run has to be a positive for direct investment in the real estate sector or for infrastructure which is closely linked to the real estate sector. But the direct impact is too early to tell. The government has talked about changing corporate taxation, but I believe that’s still in its infancy as a discussion topic. I think it will be welcome in our business and our clients, if there was some alignment with say Singapore, or generally anything that benefits the

investor. But as I said, it’s too early to be sure of anything.

WHAT IMPACT WILL BREXIT HAVE ON YOUR ACTIVITY WITHIN THE UK AND ABROAD, PARTICULARLY INDONESIA? Brexit had a big short term impact for our UK business. In terms of the UK as one of the liquid and most attractive real estate investment markets globally the real estate market there will bounce back, but the timetable is unclear. The fall in the currency has impacted our UK revenues as reported in dollars and the UK is very important part of our global business. In terms of Brexit’s impact on Indonesia first of all it’s too early to know because it’s not really started as a process. But in any event the UK has been a very significant trading country and we see the UK global trade position and participation being improved by Brexit not diminished. Potentially it could be positive for Indonesia.

HOW DO YOU FEEL PPP HAS BEEN ADOPTED BY THE INDONESIAN GOVERNMENT, SAME AS IN THE UK?I worked on PPP 25 years ago in the UK. But it’s not something that is significantly on my radar here. In respect to the delivery of infrastructure, I think a mechanism to diversify funding sources for projects is good for the government and for the country in terms of the liquidity of the funding and in terms of the professional expertise it can bring. It needs a good regulatory environment and a long term commitment, to honor those relationships, especially from a government outlook.

IS CUSHMAN AND WAKEFIELD AT ALL INTERESTED IN ASSISTING THE GOVERNMENT IN THIS REGARD? We work as an advisor in that space, we have an investment business but it is not doing PPP style projects, so we would not be a direct participant in PPP. We would be a supporting advisor to those investing In PPP and we can act as an intermediary in the process. We are definitely interested to see the evolution of PPP, but not as direct participant.

WHAT ARE YOUR PLANS FOR THE UPCOMING MONTHS? The year 2015 & 2016 has been a period of the market catching its breath; the market was very strong through 2012 – 2014, while 2015 and 2016 have been stable. We are confident about the economic opportunity within the country and the size of the economy and we are very much positioned to grow our business. We work across the country in every major city and town, it depends on the specific service we are providing, and some services lend themselves to pan Indonesia provision. Some services we provided are focus on the greater Jakarta area. However, in general we’ve worked in all the major centers.

INTERVIEW BY ANKA (BRITCHAM

COMMUNICATIONS TEAM)

“CUSHMAN AND WAKEFIELD HAS A DIVERSE INTEREST IN THE REAL ESTATE SPACE. WE

HAVE A PRIMARY FUNCTION TO SERVICE OUR MULTINATIONAL CLIENT BASE. WE HAVE 43,000 EMPLOYEES, WORLDWIDE IN ALL THE MAJOR

ECONOMIC CENTERS. OUR INDONESIAN BUSINESS IS A PART OF THAT OFFERING TO OUR CLIENTS.”


INFR ASTRUCTURE

INDONESIA SHARPENS ITS FOCUS ON NEW BUILDS

President Joko Widodo has calculated that at least $400bn will need to be channelled into infrastructure in the current term to achieve his goal of 7% GDP growth by 2020. By contrast, last year Indonesia saw GDP growth slip to 4.8%, down from 5.0% the previous year.

While this year’s planned record infrastructure spend has been welcomed by industry leaders, well-documented problems relating to disbursement, along with other challenges, remain a concern.

ADDRESSING UNDERSPENDS In recent years the government has fallen short of disbursing its allocated infrastructure budgets – spending 84.7% of the funds set aside for infrastructure in 2014 – yet figures for the first half of 2016 suggest spending rates are improving.

The Ministry of Public Works and Housing (MPWH) had spent almost 27% of its 2016 budget at the beginning of July, according to Taufik Widjoyono, secretary general for the department,

which was up from 15.5% in the same period last year, but still well below a first-six-month target of 42%. Widjoyono is confident that 94% of the allocation for 2016 will be dispersed, according to press reports.

The ministry’s spending on infrastructure for 2016 was cut to Rp97trn ($7.4bn), down from initial estimates of Rp104.1trn ($7.9bn). However, its allocation still represents a significant share of this year’s record infrastructure budget of $22bn.

Higher spending on new builds has been facilitated by a number of measures, which include a move to hold tenders for state projects earlier in the year and the promotion of streamlined, online disbursement systems.

Significantly, the government has also injected state-owned enterprises (SOEs) with cash for infrastructure projects in a bid to enable them to access a greater number of external sources of credit and meet capital shortfalls.

OVERCOMING THE CHALLENGESThe uptick in spending is a promising sign. However, financing and disbursements are just some of the obstacles facing Indonesia’s building industry, with others, such as bureaucratic hurdles and slow project implementation, proving equally problematic.

A MOVE TO STEP UP THE PACE OF SPENDING ON INFRASTRUCTURE IN INDONESIA IS BEGINNING TO YIELD RESULTS, IN LINE WITH THE GOVERNMENT’S BROADER GROWTH TARGETS.


INFR ASTRUCTURE

According to Scott Younger, director of PT Nusantara Infrastructure, an Indonesia-based infrastructure company, industry stakeholders have some questions about the government’s reliance on SOEs to expedite Indonesia’s infrastructure expansion.

“Because of the general failure to expedite designated public-private partnership projects over the past eight years, the government has focused on SOEs to maintain some momentum in project delivery. These, however, are fully committed, while the volume of work outstanding and to be concluded annually to meet essential infrastructure targets is considerably greater. Mostly, people in the business trying to facilitate change understand this, but the bureaucratic changes required are not happening at a fast enough pace,” he told OBG.

The government has also implemented new regulations that aim to improve Indonesia’s land clearance and acquisition process, which has affected the ability of developers to fully implement their projects.

Under the new land acquisition law passed last year, private players can finance the procurement of land and access a refund from the state budget. Revocation processes are also to be expedited under the new regulations.

According to Widjoyono, the land acquisition process improved to an

extent in early 2016 but fell short of expectations. “At first, we ran out of liquidity this year to refund the price of land because the process was adopted and then implemented very quickly. Later on, the Coordinating Minister of Economy and the Ministry of Finance agreed to provide additional funds for land acquisition, which can cover a large part of the budget needed and will be available in the second half of FY2016,” Widjoyono told OBG.

THIS INDONESIA ECONOMIC UPDATE WAS

PRODUCED BY OXFORD BUSINESS GROUP.

“THE GOVERNMENT HAS ALSO IMPLEMENTED NEW REGULATIONS THAT AIM TO IMPROVE INDONESIA’S

LAND CLEARANCE AND ACQUISITION PROCESS, WHICH HAS AFFECTED THE ABILITY OF DEVELOPERS

TO FULLY IMPLEMENT THEIR PROJECTS.”

INFR ASTRUCTURE

Elsye Yaw, Managing Director Global Expandia

With 13,466 Islands, 5,500 rivers and lakes, 34 provinces and a population that exceeds 260 million, Indonesia is a very non-competitive country due to its deficient infrastructure of transport and due to the expensiveness of energy. It is actually more expensive to transport containers between Islands within Indonesia than sending a container to a foreign country.

The infrastructures are concentrated mainly in Java and Bali but for the rest

of the country, coverage is limited, making it more and more difficult to access goods and services, preventing the encouragement of focusing on other touristic zones, and slowing down or even paralyzing the economic development of the population.

As to energy, the deficient infrastructure comes with the problem that the establishment of industries in Indonesia cannot be guaranteed if a constant supply can’t be ensured, as well as a

reasonable price of energy. However, there are various ambitious investment plans for Indonesia related to energy, and being one of the biggest, is the plan of constructing a power grid distribution infrastructure of 35 GW in order to reach out to all if possible, although this plan is affected by constant delays.

Moreover, the plan of construction in Indonesia is very extensive, including 6,000 kilometers of new roads, 15 additional airports, 15 industrial

INFRASTRUCTURE PROJECTS – ROADS, AIRPORTS, ELECTRICITY, TELECOMMUNICATIONS, WATER SYSTEMS – ARE THE FOUNDATIONS OF MODERN ECONOMIES. THEY HAVE A HUGE MULTIPLIER EFFECT (A DOLLAR SPENT ON INFRASTRUCTURE LEADS TO AN OUTCOME OF GREATER THAN TWO DOLLARS). WHEN YOU PUT A ROAD THROUGH A BACKWARD AREA, YOU BRING THEM CLOSE TO EMPLOYMENT OPTIONS, MARKETS AND BETTER HEALTHCARE. INFRASTRUCTURE IS THE KEY TO WIPING POVERTY AND BOOST GROWTH AND DEVELOPMENT.

INFRASTRUCTURE IN INDONESIA


INFR ASTRUCTURE

estates and a very interesting plan of construction of 24 ports, although in order for the ports to end up being successful, there is a need of constructing all the additional infrastructure mentioned above. If ports find themselves isolated and not connected with proper roads and railroads, they will result to be a total failure. The project for railway infrastructure is to develop new tracks in Java, Sumatra, Sulawesi and Kalimantan with 2,159 km inter-urban railways and 1,099 km of urban railways. And within the 15 new airports, the plan is to develop air cargo facilities in 6 locations and also increase the number of pioneer airplanes.

In addition, in Jakarta, one of the biggest projects is taking place, the $1.6 billion (MRT) Mass Rapid Transit.

The finished network will cover 112km, stopping at over 60 stations, compared with Singapore’s 178km and 142 stations. That should bring a huge sigh of relief in the city, where a 15-minute car journey on a Sunday can take up to two hours in choking pollution during work-week peak hours. The mega-project also incorporates nine corridors of a light rail transit (LRT) system. By next year, travelers will benefit from a special line linking the city centre to Soekarno-Hatta, Indonesia’s main international airport.

Furthermore, Indonesia is the largest nation in south East Asia both in terms of population, having a 53.4% of urban population and that represents around 40% of the total GDP within the Association of South East Asian Nations. But still, although the government is committed to change

its infrastructure, these plans require huge financial investments and funding from public private partnerships (PPP) which are looked upon as part of the solution. The challenge of fulfilling Indonesia’s infrastructure needs is massive, public private partnerships (PPP) are a key part of the solution but more important, is a shared vision that enables all parties to work together, in order to achieve long term benefits.

In conclusion, with these plans of infrastructure spending, over the next several years, the Indonesian economy is widely expected to continue to grow at a strong pace and the consumption sector is also expected to increase widely, as the middle class grows extensively. Nevertheless just like any other country, policy implementation will be key in launching the countries growth and infrastructural plans.

What are your values ?

The pursuit of academic excellence

Respect Individuality

Celebrate achievement

Guide and nurture

Respect human rights

Cherish both the community and the environment

Encourage moral and ethical values

Uphold loyalty, pride, spirit belonging and caring

At the British School Jakarta

we know our core values and

we live by them . . .

For further information about the British School Jakarta, please contact the Admissions office atTel: (62-21) 745 1670 • Fax: (62-21) 745 1671 • E-mail: [email protected] • www.bsj.sch.id

What are your values ?

The pursuit of academic excellence

Respect Individuality

Celebrate achievement

Guide and nurture

Respect human rights

Cherish both the community and the environment

Encourage moral and ethical values

Uphold loyalty, pride, spirit belonging and caring

At the British School Jakarta

we know our core values and

we live by them . . .

For further information about the British School Jakarta, please contact the Admissions office atTel: (62-21) 745 1670 • Fax: (62-21) 745 1671 • E-mail: [email protected] • www.bsj.sch.id

INFR ASTRUCTURE

Anka Communications OfficerBritCham

THE URGENCY OF HUMAN CAPITAL REFORMS IN INDONESIA

Analysts have addressed their doubts on the execution of the AEC, claiming that most ASEAN countries are not well prepared to actualise the agreed policies. Huge disparities of human capital and economy will generate a prominent challenges in the future.

As highlighted by the economist, “Some ASEAN countries, such as Singapore, will be better equipped during the integration process to benefit than the less developed countries, which could challenge the implementation.” Thus, this would lead to instability within the region.

Escalating the quality of basic education in Indonesia is imperative and remains a major challenge for the government. To uphold the initiative, governments, business leaders, educational institutions and individuals must act on it by putting in place comprehensive policies. If the government overlooked the issues, Indonesian children are likely to fail in obtaining skills required to lead full and productive lives. To the extent, the major consequences are bigger, qualified individuals are rare to be found for countless professions. In relevance

with the AEC, it is vital that Indonesian workers are capable to compete with other ASEAN workers.

Unfortunately, Indonesia ranks in the bottom ten by the Organisation for Economic Cooperation and Development. In fact, the unemployment rate is highest for people between the ages of 15 – 24 years. The productive age group are facing very critical challenges that cannot be engaged by the government within a short period. Those who graduated from Indonesian universities, vocational schools and secondary schools encounter difficulties in finding a job annually, indicating the importance of innovative programmes by the government and sustained collaboration with the associated institutions to solve the difficulties in efforts of creating employment opportunities.

In accordance with the data from Statistics Indonesia in 2015 (BPS), the unemployment rate of Indonesia is 6.2 percent (7.2 million unemployed people). The total population of Indonesia is roughly 250 million people, making this country the world’s fourth-largest country after China, India and the USA.

With half of the population being below the age of 30 years, it is clear that they can be identified as having a demographic bonus, however this could transform into a disaster if managed poorly.

The Indonesian government must strive to improve education quality, by varying teacher training, professional development, increased accountability, and free education. As noted by the OECD, “The Economic Survey points out that the central government’s strong fiscal position – marked by low deficits and low public debt – offers the opportunity to raise greater revenues to fund higher spending targeted at improving education, boosting infrastructure and expanding the social security system.” In an endeavour to alleviate the poverty, improving the existing social security programmes, including health care, food subsidies, and helping the neglected citizens is a major priority. Therefore, the long-term objective of the present government can be achieved, as exemplified by increasing the quality of living of underprivileged communities for the betterment of greater society in Indonesia.

THE AIM OF THE AEC IS TO EASE TRADE AMONGST THE 10-MEMBER ASSOCIATION OF SOUTHEAST ASIAN NATIONS, HOWEVER QUESTIONS STILL REMAIN OVER WHETHER THE COUNTRIES ARE EQUIPPED FOR IT AND HOW INDONESIA WILL BENEFIT FROM SUCH INTEGRATION.


INFR ASTRUCTURE

UNVEILING GREATER TOURISM INFRASTRUCTURE INVESTMENT POTENTIAL IN 10 NEW BALIS

The 10 new Balis are referred to as the government’s newly prioritized tourism destinations and can be found in the following locations: Lake Toba (North Sumatra), Belitung (Bangka Belitung), Tanjung Lesung (Banten), Seribu Islands and Old Town (Jakarta), Borobudur Temple (Central Java), Mount Bromo (East Java), Mandalika Lombok (West Nusa Tenggara), Komodo Island (East Nusa Tenggara), Wakatobi National Park (Southeast Sulawesi), and Morotai (North Maluku).

INDONESIAN TOURISM SECTOR OVERVIEWWith those 10 destinations’ offering compelling potential, the projection on total investment and total tourist arrival in 2019 is estimated to be USD 21.8 Billion and 11 million visitors consecutively, while it was only USD 248.643.7 million and 473.247 visitors in 2013. However these numbers

certainly are in contrast to Indonesia’s local county visitors coming from its more than 255 million citizens. Additionally, total estimated area of zone development in those areas is 11.736 Ha. With this in mind, tourism investment projection on several business types from 2014 – 2019 will be greatly increasing. Hotel rooms will be rocketing from 57.724 in 2013 to 120.000 in 2019, restaurants from 9.120 to 15.000, and tourism special zones from 3 to 100, for instance.

No wonder, after all these steady performance improvements, the result is positive economic growth, from 4.8% (Q4) in 2015, predicted by the World Bank to increase by 5.3% in 2016. Ultimately Indonesia’s democracy is maturing as we are seeing improved freedom of expression, direct presidential elections, recent successful simultaneous elections of 263 mayors

FIRST THINGS FIRST, WHO DOES NOT KNOW THE ICONIC BALI OF INDONESIA – THE ONE THAT WELCOMES MORE THAN ONE THIRD OF INDONESIA’S TOTAL TOURIST ARRIVALS ANNUALLY. WHO WOULD IMAGINE, BALI WILL SOON HAVE CLONES IN 10 OTHER DESTINATIONS ACROSS INDONESIA. HIGHLY PROMOTED AND SUPPORTED BY THE GOVERNMENT, THE DEVELOPMENT OF INFRASTRUCTURE IN THESE 10 BALI-LIKE DESTINATIONS IS NOW ON GLOBAL INVESTORS’ PRIORITY LISTS, WHO WISH TO INVEST IN INDONESIAN TOURISM SECTORS. MUCH OF THIS IS DUE TO THESE KEY REASONS: ENDEMIC LOCAL CULTURE AND HISTORY, MESMERIZING NATURAL BEAUTY, WIDER UNEXPLOITED LAND SPACES, AND STEADY GROWTH OF VISITORS YEARLY.


and governors, who are in the hype of eradicating corruption. Holistically, this comforts all the investors running business in the country.

A CLOSER LOOK AT THE 10 NEW BALIS’ POTENTIALIn the early-stage of development, infrastructure that can support accessibility is the main priority. What’s interesting is that, the government commits to develop each of these destinations with the access through land, water, and air.

As the flow of inward investment is increasing, and to help investors know the market better, below is the list of possibe business variants that you can

invest in some of the 10 destinations which have been mapped out by the Ministry of Tourism:• Developing national roads &

highways,• mproving the nearest airport (and

escalation toward international airport),

• Improving piers, seaports, anchoring point and ports in small islands development, and establish cruise links domestically and internationally,

• Establishment of Global Geopark Network (GGN),

• Establishment of Area Masterplan,• Establishment of International

standard hospital,• Establishment of Tourism Academy,

Abdul Hamid AlfaniBusiness Development Assistant – OBNi

1 http://www.antaranews.com/en/news/104322/ten-new-tourist-destinations-planned-in-indonesia

2 Ministry of Tourism, 2016.3 http://www.indonesia-investments.com/id/budaya/penduduk/item674 Ministry of Tourism, 2016.

5-6 Ibid7 http://www.topbali.com/indonesia-free-visa-entry/8 http://www.indonesiacompanylaw.com/tourism-business/implementation-of-

certification-of-tourism-businesses/

College, and/or Research Center, • Establishment of Special Economic

Zone Regional Council,• Adding new international standard

attraction,• Establishment of clean

water infrastructure network development and Water Treatment Plant in Tourism Area,

• Improving Electricity supply to support tourism industry activities,

• Development and rehabilitation of railway and/or the establishment of train station,

• Establishment of International Financial Service Center facility development,

• Development and improvement of train station, and many more.


GOVERNMENT SUPPORT FOR THE TOURISM INDUSTRYThe door is indeed wide open to investment. In addition to that, the government offers a number of policies to speed up the program. The government’s support depends on several crucial areas, especially on visa, tourism business certification and Clearence Approval for Indonesia Territory (CAIT).

Free Visa Endorsement has been recently implemented since 21st March 2016 under Presidential Regulation Number 21, Year 2016 in which 169 countries are granted 30-day tourist visa free facilities. Furthermore, to maintain both the level of satisfaction of the visitors, and quality delivery that tourism businesses offer, the Minister of Tourism looks to implement Creative Economic Regulation Number

1, In Year 2014 on Implementation of Certification of Tourism Business (“Minister Regulation 1/2014”). Besides, the aim is to boost the number tourist arrivals, CAIT regulation is withdrawn and no longer implemented. Tourist ships have to deal with quite complicated procedural processes which is seen to be burdening the tourist ships business.

Other than that, up to this moment, the government has remained solute by actively engaging with local administrative bodies, trade

communities, business sectors, and other stakeholders in bridging these missions. Aligning with our scope of services, there have been a number of success stories of UK companies investing in Indonesian aviation, infrastructure, logistics, food and beverage, business consultancy, waste, energy, and many other sectors that BritCham Indonesia has been successfully assisting. As tourism and infrastructure are in the top five priority list set by the cabinet, investing in both sectors in 10 new Bali’s would leave you no regrets.

INFR ASTRUCTURE

Good guides can help before you go

Relocating should be exciting and rewarding for everyone.

Our experience and knowledge of worldwide relocations, is shared by all our people in more than 200 locations.

And we’ll always be there to help you get the most from your relocation.

Crown’s service offerings include:

• International&DomesticShipments• TransitProtection• Immigration&Legalization• HomeSearch• SchoolSearch• InterculturalSupport

Tel:+622175882338|[email protected]

Go knowingwww.crownrelo.co.id

Make sure you’ve got the local knowledge to settle in more quickly.

7563713 CR Indon_Now Jakarta Sept Issue.indd 1 01/04/2016 10:41:50 AM

“AS TOURISM AND INFRASTRUCTURE ARE IN THE TOP FIVE PRIORITY LIST SET BY THE CABINET,

INVESTING IN BOTH SECTORS IN 10 NEW BALI’S WOULD LEAVE YOU NO REGRETS.”

Good guides can help before you go

Relocating should be exciting and rewarding for everyone.

Our experience and knowledge of worldwide relocations, is shared by all our people in more than 200 locations.

And we’ll always be there to help you get the most from your relocation.

Crown’s service offerings include:

• International&DomesticShipments• TransitProtection• Immigration&Legalization• HomeSearch• SchoolSearch• InterculturalSupport

Tel:+622175882338|[email protected]

Go knowingwww.crownrelo.co.id

Make sure you’ve got the local knowledge to settle in more quickly.

7563713 CR Indon_Now Jakarta Sept Issue.indd 1 01/04/2016 10:41:50 AM

INFR ASTRUCTURE

10 TIPS ON HOW TO ENGAGE EMPLOYEES THROUGH CONTINUOUS IMPROVEMENT

Continuous improvement is the ability to make and develop new skills repeatedly, in order to progress in one’s career. The openness and eagerness to learn modern business processes and even new disciplines, whilst simultaneously applying them to the daily work routine must be part of an organization’s culture. Continuous improvement also encourages constant employee engagement – the business is growing, improving and learning, and all team members are part of this process every day.

The following shows “The CEO SUITE Way” in creating and promoting a culture of continuous improvement as a foundation to achieve effective employee engagement in the workplace.

1. COMMUNICATE EXPECTATIONSManagers and team members should communicate expectations on a regular basis. Communication lines are kept open so that all parties can respond and ask for clarification if need be.

2. MANAGE SMALL IMPROVEMENTSEach team member must work together to initiate, monitor and promote small improvements on processes, programs and activities. Changing everything at once can cause confusion and frustration in the organization. Make one change at a time and make sure it sticks before making another change. Make it clear that the way things should be done is not static, improvements should be made continually.

3. GIVE FEEDBACKGive employees feedback not just on yearend reviews, but instead all throughout the year. This practice helps the employees know what they are doing best and the areas to improve further.

4. UNLEASH THE POTENTIAL OF YOUR EMPLOYEESThe outstanding qualities and talents of your team members could provide the organization with new ideas that could be considered innovative or useful to level up your services and products.

5. CELEBRATE INNOVATIONEmpower your employees and let them explore. You have to give your employees opportunities to experiment, to try and test their ideas. No one will take risks in the company if they feel there is lack of support and understanding. Innovation has a process, one that is flawed and has moments of glaring imperfection.

6. PROMOTE A CREATIVE WORK ENVIRONMENT.Allow your team members to have fun in the workplace. Sometimes, when the

IN TODAY’S TOUGH GLOBAL MARKETPLACE, BECOMING A LEADER IN YOUR INDUSTRY REQUIRES EMPLOYEE ENGAGEMENT, BUT YOU ALSO NEED TO TAKE YOUR TEAM TO THE NEXT LEVEL AND BEYOND. IN CEO SUITE, THIS IS ACHIEVED BY EQUIPPING TEAM MEMBERS WITH SKILLS ON CONTINUOUS IMPROVEMENT.


With offices in Jakarta, Manila, Shanghai, Beijing, Singapore, Seoul, Kuala Lumpur, Bangkok and Hanoi, CEO SUITE will help position your business presence in Asia’s most prestigious Grade A buildings in the cities’ central business district. CEO SUITE offers premium, professional offices and business support services for all sizes of businesses: from start-ups to small and medium enterprises and multinational companies for short or long term lease.

CEO SUITE now has a network of 19 business centers in the strategic business hubs of 9 key cities in 8 countries in Asia – Indonesia, Malaysia, Philippines, Singapore, China, Thailand, Korea and Vietnam.

work environment is too serious and too strict, it can hinder creativity and continuous improvement. Having fun during work allows employees to be more relaxed yet productive and that is when they begin to be inspired and produce new and exceptional ideas. Needless to say, a stressful work environment doesn’t give one the frame of mind to think of doing things differently. The employee would only look forward to the end of the day.

7. ORGANIZE CONTINUOUS IMPROVEMENT TEAMSA more efficient way of encouraging continuous improvement in the workplace is to set up cross functional or continuous improvement teams. Each team will be tasked to come up with ideas on how to enhance the work processes.

8. REWARD IMPROVEMENTSEncourage employees to think out-of-the-box by coming-up with enticing rewards if ideas will be feasible and implemented successfully. This will signal everyone that the organization values work improvement and creativity.

9. EVERY EMPLOYEE MATTERSThis is essential in building a culture of improvement. Every single team member who welcomes clients in the workplace, answers phone calls, cleans the offices - every single one matters and their work brings integrity to the company.

10. DIVERSITY AMONG EMPLOYEESAn organization that has diverse team members may come together to produce more solutions. Every individual brings in their own unique way of thinking, operating, problem solving and decision making.

Nurturing a culture of continuous improvement is a groundwork for employee engagement and favorably triggers growth and success as an organization. Having a high emotional commitment in people management, brings about positive changes in any organization – and that is why CEO SUITE has achieved customer service excellence throughout the years.


LIFEST YLE & HEALTH

THE RECENT EXPLOSION IN THE NUMBER OF PEOPLE AFFECTED WITH DIABETES WORLDWIDE IS OVERWHELMING. MOST OF THE CASES OF DIABETES ARE TYPE 2 DIABETES. THE AFFECTED INDIVIDUALS ARE OFTEN UNAWARE OF THE DISEASE BECAUSE OF THE LACK OF SYMPTOMS IN THE EARLY STAGE. THE REAL DANGER OF DIABETES IS ITS DEVASTATING LONG-TERM COMPLICATIONS, INCLUDING CARDIOVASCULAR DISEASE, STROKE, RENAL FAILURE, BLINDNESS AND LIMB LOSS.It is widely acknowledged that current pharmacological treatments improve the morbidity and mortality of people with diabetes. Clinical studies have consistently demonstrated that early intervention and intensive diabetic management can improve long-term diabetes outcomes.

Unfortunately, majority of patients with diabetes fail to achieve good blood sugar control. This is partly due to the lack of awareness of the importance of blood sugar control in the prevention of diabetic complications, and until recently the dearth of diabetic medications with durable efficacy and minimal side-effects.

People with diabetes can play an active role in the control of their blood sugar levels. They can adhere to a balanced diet and exercise regularly. Elevated blood sugar levels usually do not have

symptoms. Therefore do not wait until you have severe symptoms before you take actions. By then, it may be too late as established diabetic complications are often irreversible. Prevention is better than cure!

If possible, you should have a glucometer to check your blood sugar levels. You should be aware of your target levels of blood sugar as determined with the consultation of your doctor. Keep a record of the home blood sugar levels and show them to your doctor. Take your medications as prescribed. If you suffer from side effects, do not suffer in silence, or worse, stop the medications on your own accord. Always alert your doctor and there are many options of treatment available. At the last count, there are at least 7 classes of diabetic drugs, excluding insulin, in use in our region. Some of the newer diabetic

medicines have proven efficacies and safety, and fewer side effects. Regular visit to your doctor is important in the control of your diabetes. Also, other diabetes-related risk factors such as high blood pressure and cholesterol, and diabetes complications namely kidney, eye and nerve problems can be screened and controlled.

Diabetes management and the choice of pharmacological agents should be individualised, based on patient-specific considerations, including availability, prevailing blood sugar levels, comorbidities, disease duration, age, costs, body weight and risks of low sugar episodes. Patients can be encouraged to participate in the shared decision making with doctors in the selection of therapeutic options. This will lead to better patient motivation and improved diabetes control.

For further information, appointment booking and medical enquiries, please contact:PT. Raffles Medika IndonesiaMenara Anugrah 1st Floor, Kantor Taman E 3.3, Jl. Mega Kuningan Lot 8.6 – 8.7, Kawasan Mega KuninganJakarta 12950Phone: (62 21) 5785 3979Fax: (62 21) 5785 397724 Hour Hotline: (65) 6311 1111E-mail: [email protected]

Dr Stanley Liew Choon FongSpecialist in Endocrinology Raffles Hospital

You Can Overcome


LIFEST YLE & HEALTH

WHAT IS THE SECOND MOST PREVENTABLE CAUSE OF PREMATURE DEATH NEXT TO CIGARETTE SMOKING? THE ANSWER – OBESITY. WHETHER THE BLAME IS PLACED ON OUR SEDENTARY LIFESTYLES OR THE QUANTITY AND TYPES OF FOOD THAT WE EAT, THERE IS NO DOUBT THAT OBESITY IS A RISING HEALTH EPIDEMIC IN MANY COUNTRIES INCLUDING SINGAPORE.

The way to maintaining a healthy Body Mass Index (BMI) is simple –a balanced diet and regular exercise. While it sounds simple enough, it is a challenging task for many people who do not find time to exercise regularly, eat healthy meals or in moderation. For some, this is a constant struggle. When they let up, they lose the battle of the bulge and their BMIs creep up to greater than 27.5 in the obese range, and some, to greater than 32.5 in the severely obese range.

“Obesity is associated with more than 30 medical conditions such as heart diseases, joint problems and high blood pressure. Preliminary data shows that weight loss of about 10 per cent of body weight, for persons with overweight or obesity, can improve some obesity-related medical conditions,” shared Dr HG Baladas, Specialist in General Surgery, Raffles Surgery Centre.

He added: “For people in the obese category, who have tried but failed to lose weight, bariatric (‘baria’ for weight and ‘tric’ for treatment) solutions like intra-gastric balloon or lapband surgery are available.”

CONTROL WITH A BANDLapband is a safe procedure that can help the severely obese lose weight effectively. It is like a diet permanently enforced by a surgically restricted stomach. Lapband is a laparoscopic operation in which a hollow silicon band is clipped around the upper part of the stomach. The band is removable, adjustable and does not permanently alter the anatomy. More significantly, it is one of the least invasive obesity operations because neither the stomach nor the intestine is cut. It is also a long-term weight loss option with over 90 percent effectiveness.

Dr Baladas advised: “To qualify, you must be aged between 18 and 65, have a BMI above 32.”

“My patients have lost from 20kg to 70kg gradually after the lapband surgery. I think that the most amazing thing about it is its ability to change lives,” he shared. He recalled the case of a patient who went through lapband in her late 20s. At the time, she weighed 113kg. She was introverted, shy and inactive. Almost a year after the surgery, she weighed about 70kg and started to pick up jogging.

Dr Baladas added: “Her weight continued to decrease and she even took part in a triathlon. Today, she has maintained a consistent weight of below 60kg, and trains to compete in triathlons regularly. What a life transformation it has been for her!”

Lapband Surgery

For further information, appointment booking and medical enquiries, please contact:PT. Raffles Medika IndonesiaMenara Anugrah 1st Floor, Kantor Taman E 3.3, Jl. Mega Kuningan Lot 8.6 – 8.7, Kawasan Mega KuninganJakarta 12950Phone: (62 21) 5785 3979Fax: (62 21) 5785 397724 Hour Hotline: (65) 6311 1111E-mail: [email protected]

Dr Baladas Haridas GanesanSpecialist in General Surgery Raffles Hospital


EVENTS

SHAVEEN (Business Development Manager – BritCham), ABDULLAH LAJAM (Director of PT. Suci Developments), PRELIA MOENANDAR (Government Affairs & Communications Director at Glaxo Wellcome Indonesia)

The guests

One of the raffle prize winners - MUHAMMAD SETIAWAN (Project Manager at PT East West Seed Indonesia) with ADRIAN SHORT (Chairman of BritCham)

CHRIS WREN (Executive Director of BritCham) & ADRIAN SHORT (Chairman of BritCham & CEO of Rolls-Royce)

Another successful event held by BritCham with nearly 50 business executives attending from a range of sectors. Our BSGs are a great opportunity to create new business contacts and maintain current networks. We said a farewell to colleagues and friends Maria (Sales and Marketing Coordinator) and also Carol (Events Assistant) who will be leaving the BritCham family. We would like to say a big thanks to our sponsors Grand Kemang Jakarta, Bali Paragon Resort Hotel, Java Paragon Hotel and Residences Surabaya and also JS Luwansa our venue sponsor.

BritCham Business and Social Gathering THURSDAY, 30 JUNE 2016 | 18.00 – 20.30 | CHILL BAR & LOUNGE, JS LUWANSA JAKARTA

RAFFLE SPONSORS:

VENUE SPONSOR:

Farewell to Maria and Carol!

VISIT WWW.BRITCHAM.OR.ID#PAYONLINENOW

EVENTS

July’s BSG was held at the Ceria Room, Shangri-La Hotel Jakarta. This BSG was a little different from the usual networking event we regularly hold. A vary crowd from BritCham, ICCC, and AmCham sparked a wonderful ambience and everyone managed to expand bigger network! Nearly 210 people attended the sizzling summer gathering. Thanks to our sponsors Air Canada, British School Jakarta, CEO Suite, Crown Relocation, Shangri-La Hotel, and South Quarter.

BritCham held a Professional Women’s Group event in July with the theme Purpose Driven Leadership: “Leadership is not about Techniques, but about Self-Discovery.” on July 29th. This special event included the key note speaker, Mr. Eloy Zalukhu, MBA (Managing Director of Sales Institute & Capstone, Theocentric Motivator, Leadership Coach, Sales Training Expert & Author of 3 Books). He started off his presentation by talking about when economic conditions are increasingly challenging and business competition getting crazy, then followed by when the so-called normal is no longer stability and certainty, but the volatility, uncertainty, complexity and ambiguity (VUCA).

Around 45 ladies attended the event. The event, which lasted approximately 2 hours ended with a Q&A session where many participants were asking a lot of questions to Mr. Eloy.

BritCham Business and Social Gathering

BritCham Professional Women’s Group

THURSDAY, 28 JULY 2016 | 18.00 – 20.30CERIA ROOM, SHANGRI-LA HOTEL JAKARTA

FRIDAY, 29 JULY 2016 | 10.00 – 12.00 | BOARD ROOM, MANDARIN ORIENTAL JAKARTA

RAFFLE SPONSORS:

VENUE SPONSOR: CASH SPONSORS:

The audience

ELOY ZUKHU (The key speaker), SONY JETHNANI (Chairwoman of PWG), KISHI (Former Events Coordinator of BritCham), CHRIS WREN (Executive Director of BritCham)

MR. ELOY ZUKHU, MBA (Managing Director of Sales Institute & Capstone)

The audience The representatives from BritCham, ICCC and AmCham were giving a toast

CHRIS WREN (Executive Director of BritCham Indonesia)

CHRIS WREN (Executive Director of BritCham) The participants taking pictures with the speaker, ELOY ZUKHU


EVENTS

EIBN Joint Gathering

TUESDAY, 19 JULY 2016 | RAFFLES HOTELThe recent EIBN joint gathering was held at Raffles on the 19th July 2016. The event was co-organized by EuroCham, EKONID, IFCCI and INA with over 120 people attending.

Another successful BritCham social gathering was held at the Grandkemang hotel on what was initially a rainy Thursday evening, the downpour was short lived however and despite the rain participation was high. Credit is due to the Grandkemang Hotel staff and the BCCI team for organizing the first BSG of the year. Thanks are due also to the array of members and non-members from a range of countries

and originations, who made an appearance, your company and fellowship is much appreciated. It is five years in a row now that the BSG’s have been held, voted ‘best value’ and extremely helpful’ long may they continue.

Special thanks to The Grandkemang Hotel for sponsoring the event. The food, drink and hospitality were excellent.

PETER HALM (INA Executive Director) , BAUDOUIN COOMANS (Board Member of IFCI - Moores Rowland), ULF BACKLUND (Chairman of EuroCham), CHRIS WREN (BritCham Executive Director), LAURA ARAMO (EIBN)

The guests MARTIJN DEKKER (Director of Sales and Marketing Raffles Jakarta)

STEFFI (Sales & Marketing Coordinator of BritCham), ANGELINE LOH (HPL Hotels & Resorts), FABIO SIMORANGKIR (HPL Hotels & Resorts), and CELESTE CHAN (Concorde Hotel)

The audience The guests The BritCham Team (NICHOLAS, ANKA, CHENNY & ABDUL ROZAK)

TAMI, CHRIS WREN (Executive Director of BritCham Indonesia), STEFFI (Sales & Marketing Coordinator of BritCham)

BritCham Business and Social Gathering THURSDAY, 25 AUGUST 2016 | 18.00 – 20.30VIBAR POOL, GRANDKEMANG HOTEL, JAKARTA

RAFFLE SPONSORS:

VENUE SPONSOR:


EVENTS

Towards the end of August, BritCham Professional Woman Group organised an event titled “Wisdom & Impact of Social Business Enterprise” which was held at the Mandarin Oriental Jakarta. BritCham invited 2 established and successful female entrepreneurs, Caroline Tobias (Founder of Darius Tobing Foundation & Paisley Things) and Helianti Hilman (Founder of PT Kampung wisdom Indonesia - JAVARA). A total of 25 participants attended the

event which lasted for two hours. Ms. Sony Jethnani as Chairwoman of the Professional Woman Group began proceedings with an opening speech alongside Chris Wren as the Executive Director of BritCham Indonesia. After a strong introduction Sony and Chris, next arrived Caroline Tobing who told many stories from around the time she started building up her firm, Paisley Things. Paisley Things is one of the programs of the foundation. Through

Paisley Things, she has empowered artisans to Become “crafts-preneurs”.

The second speaker was Helianti Hilman, the person behind JAVARA. She founded Javara Social Enterprise in 2008, following her vision to promote and sustain Indonesia’s food biodiversity heritage and culinary traditions. Through Javara, she has empowered farmers to Become “farm-preneurs”.

SONY JETHNANI (Chairwoman of PWG), HELIANTI HILMAN (Founder of PT Kampung Wisdom Indonesia – Javara), CAROLINE TOBIAS (Founder of Darius Tobing Foundation & Paisley Things), WENDY KUSUMOWIDAGDO (Outward Bound Indonesia), MARIKO ASMARA(JAC Recruitment)

The participants HELIANTI HILMAN (The speaker – Founder of PT Kampung Wisdom Indonesia – Javara)

CAROLINE TOBIAS (The speaker – Founder of Darius Tobing Foundation & Paisley Things)

SONY JETHNANI (Chairwoman of PWG), WATY TJAKRA (Dr. Waty Tjakra Associates), MARIKO ASMARA(JAC Recruitment)

BritCham Professional Women’s GroupTUESDAY, 30 AUGUST 2016 | MANDARIN ORIENTAL HOTEL, JAKARTA


Premier Oil, Celebrating 20 Years of Mutual Success in Indonesia

EVENTS

September saw Premier Oil celebrate 20 years of success in Indonesia. Starting the journey in 1996, Premier has obviously experienced many challenges during the 20 years. The three speakers pictured above cutting the anniversary cake, put the success down to an open, honest and supportive approach to all stakeholder relationships as well as progressive

community development programmes among the communities in which they work. Premier Oil was among the first wave of BritCham Sustaining Sponsors at a time that the Chamber was threatened by the commercial impact of the 1998 crisis. Commenting on the anniversary event, BritCham Exec Director Chris Wren said “It was a pleasure for our Chamber to have a

place among so many distinguished guests. It was also good to see three Premier Oil President Directors (past and present) together for the occasion. Each has been very supportive of us over the years and they clearly respect the role of the Chamber in actively encouraging closer private sector business relationships between the UK and Indonesia.”

Emirates Airlines renewed its relationship with the BritCham community on September 20th by formally partnering with the “Smart Office” initiative. The deal provides BritCham stakeholders with the opportunity to get special discounts against internet fares by using a promotional code that will be ‘displayed’ in BSG mailouts.

M.I ZIKRULLAH (Vice Chairman of SKK Migas), ROBIN ALLAN (Director North Sea & Exploration – Premier Oil), GARY SELBIE (President – Premier Oil, Indonesia Business Unit)

ROBERTO LORATO (Former President Director of Premier Oil), ROBIN ALLAN (Director North Sea & Exploration – Premier Oil), CHRIS WREN (BritCham Executive Director), GARY SELBIE (President – Premier Oil, Indonesia Business Unit)

BritCham Indonesia Partners with Emirates Airlines

CHRIS WREN (BritCham Exec. Director) and SATISH SETHI (Emirates Indonesia Country

Manager)


Indonesia’s Second Cabinet Reshuffle

EVENTS

Held on the 24th of August at the Mandarin Oriental Jakarta this week’s breakfast briefing focused on a recent second cabinet reshuffle. We welcomed two panelists to the event, Endy M. Bayuni, the Editor in Chief of the Jakarta Post and Shinta Kamdani, Deputy Chairwoman of international relations of KADIN and Chairwoman of International

Relations and Investments The employers’ Organization of Indonesia (APINDO). Both speakers shared their thoughts and insights on the reasoning’s behind the recent cabinet reshuffle. Both offered comprehensive responses behind President Jokowi’s decision to introduce nine new faces and the switching of four portfolios. All this at a time when RI is in fierce

competition for FDI among Southeast Asia neighbors, and what implications this would have for business and for Indonesia.

We welcomed around 30 participants and would like to thank them for their participation, special thanks to our sponsors Standard Chartered and Cushman and Wakefield also.

BRITCHAM BREAKFAST BRIEFING

WEDNESDAY, 24 AUGUST 2016 | 08.00 – 10.00 | ESQUIRE ROOM, MANDARIN ORIENTAL JAKARTA

The guests BritCham Exec. Director, CHRIS WREN and SHINTA W. KAMDANI, Deputy Chairwoman of international relations of KADIN and Chairwoman of International Relations and Investments The employers’ Organization of Indonesia (APINDO)

BritCham Exec. Director, CHRIS WREN and ENDY M. BAYUNI, the Editor in Chief of the Jakarta Post

ADVERTISEwith us!

EVENTS

Indonesia: The G20 Nation Always Relying on “Potential”

BRITCHAM BREAKFAST BRIEFING

On Tuesday the 20th of September BritCham hosted another successful Breakfast Briefing at the Bromo room, Mercantile Athletic club, WTC1 building. The themes of the briefing were how Indonesia, the G20 member, can look positively towards the future, how can they take advantage of their immense potential? And what particular skilful economic management is needed? The guest speaker for the briefing was Ben Bingham, the former representative of the IMF Indonesia. Unfortunately, the second panellist John Nelmes the new resident representative of the IMF Indonesia, was unable to attend.

Despite the absence of the second panellist the briefing was a success. Chris Wren acted as moderator and posed numerous probing questions towards Mr Bingham. The highlights of the discussion include Mr Bingham suggesting that currently the Indonesian government is looking to

combat a recent commodity downturn, ‘’We need an improvement in private investment in this post commodity boom period, investors have to believe in government strategy.’’ His additional comments on Jokowi’s potential, ‘’Jokowi is beginning to expand the political space. This is important as millennials come of age.’’

After Mr Bingham had concluded Chris Wrens questions there was an interesting Question and Answer session. The most prominent of Mr Bingham’s responses was as follows ‘’Government needs to create a greater narrative of collaboration towards foreign investment, the UK is well positioned here for this.’’

Special thanks go to Ben Bingham for offering us his time and insight. We would also like to thank all those who attended and of course our sponsors Cushman and Wakefield and Standard Chartered.

TUESDAY, 20 SEPTEMBER 2016 I 08:00 – 10:00 I BROMO ROOM – MERCANTILE ATHLETIC CLUB, JAKARTA

The participants Q&A Session

CHRIS WREN (Executive Director of BritCham Indonesia), ADRIAN SHORT (Chairman of BritCham & President Director of PT Rolls-Royce Indonesia), BEN BINGHAM (Resident Representative of IMF Indonesia)

CHRIS WREN (Executive Director of BritCham Indonesia) and BEN BINGHAM (Resident Representative of IMF Indonesia)


M E M BER’S ANNOUNCE M ENTS

Four Seasons Hotel Jakarta is a brand new hotel at an all-new location; a centerpiece 20-story tower situated within the award-winning Capital Place development at Jalan Gatot Subroto. The Hotel will offer 125 suites with panoramic skyline views, as well as a luxurious spa, gracious event spaces, and five dining and drinking options, including a soaring rotunda on the ground floor and a signature Italian restaurant on the 20th floor rooftop. Designed by internationally acclaimed architect Pelli Clarke Pelli Architects, Four Seasons Hotel Jakarta celebrates the Indonesian architectural principle of transparency between indoor and outdoor space. With clean lines of French décor by renowned interior designer Alexandra Champalimaud and urban outdoor landscape by Bill Bensley, our new 125-all suite hotel will offer panoramic views of the Jakarta skyline.

Green Energy Geothermal (GEG) is a supplier of flash type and modular geothermal wellhead power plants, delivered on a turnkey basis and was founded in 2008. A British company, GEG has its headquartered in London/ UK and maintains offices in Reykjavik/ Iceland, Jakarta/ Indonesia, Singapore, Nairobi/ Kenya and Oslo/ Norway. GEG has developed a unique power plant system that is prefabricated in ready modules and commissioned on site in a matter of months.

GEG currently delivers turnkey flash type modular geothermal wellhead power plants sizing from 3.5 MWe to 11 MWe per unit. The plants reduce capital expenses and project risk and allow for quicker payback on investment. They can be scaled through several modules for larger scale development or expansions.

As of May 2016, GEG has built 13 geothermal wellhead plants in Olkaria, Kenya with a combined power generation capacity of 70.6 MW. An additional two plants with a combined capacity of 10 MW are under construction.

The highly experienced executive team at GEG has assembled a team commanding a wealth of experience within the design, engineering, project management and operation of geothermal plants and is supported by a Board of Directors drawn from both investment banking and the engineering sector. GEG has an engineering department in Reykjavik, Iceland, where the core technical and R&D team is located. GEG also has offices in Indonesia, Singapore and Kenya.

Our company works closely with selected suppliers and contractors on different modules enabling GEG to provide turnkey geothermal power plants in a rapid scale-up. We also work together with local contractors in regards to site preparation and installation in those countries where we operate.

We maintain a strong commitment to ensuring that our activities contribute positively to society and the environment.

Christian PodaGeneral Manager

[email protected]

Harry SuryadharmaDirector of [email protected]

Hedy GunarsoDirector of Sales

[email protected]

Four Seasons Hotel JakartaJl. Gatot Subroto Kav. 18

Kuningan Barat Jakarta 12710 – Indonesia

Tel +62 21 2277 1888 www.fourseasons.com

Green Energy GeothermalIndonesia Stock Exchange Tower 2,

17/FJl. Jend. Sudirman Kav. 52 - 53

Jakarta 12190 – IndonesiaTel +62 21 515 7705

www.geg.co.uk

Mr. Lars DueSVP Business [email protected]


For more information or to apply for a place, please contact Mr Patrick Moore, Head of Admissions +62 (21) 745 1670 • [email protected] • www.bsj.sch.id

THE TIMES EDUCATION SUPPLEMENT’S BRITISH INTERNATIONAL SCHOOL OF THE YEAR 2015

M E M BER’S ANNOUNCE M ENTS

BLP is an award-winning, international law firm and has been at the forefront of some of Indonesia’s largest and most strategically important projects in recent years, particularly in the energy and natural resources sector.

Our cross-practice team is geared towards providing transactional and operational support to a range of clients in connection with their Indonesian activities – whether they are operating locally or investing in projects from abroad. We also advise individuals and families in Asia on UK and international tax and estate planning issues.

Members of our team have supported clients’ Indonesian interests ranging from the mining sector to infrastructure, real estate, aviation finance and other energy-related projects and disputes work.

Founded by Alfred Kärcher in 1935, Kärcher has developed into the world market leader in cleaning technology and equipment, offering solutions for all cleaning tasks at home, professional business environments or public services, up to highly customized industrial solutions. Our products include Home & Garden for households, Professional Equipment and Engineered Solutions in over 10 key sectors: hospitality, healthcare & pharma, facilities management, construction, automotive transportation & MRO for aircrafts, infrastructure and public services.

Recognized for our commitment to excellence, in 2014, Kärcher Indonesia was appointed as the official cleaner of MONAS. With more than 40 authorized dealers in Indonesia, Kärcher is currently building the fastest-growing distributor network across the country, ensuring access to product demonstration, sales support coverage, best-of-class maintenance service, fast warranty repair and availability of official spare parts.

Qualter Hall, founded in 1860 undertakes multi-discipline (structural,mechanical, hydraulic, electrical) bespoke turnkey contracts for new equipment, reconstructions, refurbishments and plant upgrades in the fields of hydro power, water control, flood management and mining.

Marius [email protected]

Edouard LastennetManaging [email protected] George Orton

Managing [email protected]

Manoj Purush [email protected]

Fifit FitriaSenior Marketing & Business Development [email protected]

Franz [email protected]

Nomita Nair [email protected]

Berwin Leighton Paisner LLP9 Raffles Place #24-01 Republic Plaza

Singapore 048619Tel +65 6571 7300 Fax +65 6238 0737www.blplaw.com

KärcherSudirman Park Complex Blok. A6 – A7. Jl. KH. Mas Mansyur Kav. 35,

Jakarta – 10220 Tel +62 21 8065 7600 Fax +62 21 5794 3865www.kaercher.co.id

Qualter Hall & Company Limitedc/o PT Sinar Tripilar Solusi

Setia Jaya BuildingJl. Raya Pajajaran No.23, III-15Bogor, West Java – Indonesia

Tel +62 51 833 0038 Mob +62 811 944 3646Email [email protected]








Documents

UPDATE - British Chamber of Commerce in Indonesia 2016.pdf · Mayor of Surabaya – Tri ... ISSUE 03 2016 04 Forthcoming Events 05 Chairman’s Message 06 Executive Update 07 Overseas