Forbes Indonesia 2013 January (e magazine full)

Indonesia

ACEH SPECIAL REPORT: 8 YEARS AFTER TSUNAMI

JANUARY 2013

VOLUME 4 ISSUE 1

www.forbesindonesia.com

BUSINESSMAN of theyear

Dr. Boenjamin Setiawan

HIS KALBE FARMA LEADS THE WAY IN HEALTHCARE

RP 50,000

BTPN JAN 2013.pdf 1 12/19/12 6:25 PM

BTPN

BTPN JAN 2013.pdf 2 12/19/12 6:26 PM

2 | FORBES INDONESIA JANUARY 2013

Indonesia

contents — JANUARY 2013 volume 4 issue 1

10 | FACT & COMMENT // Steve Forbes

Where is Keynes when we need him?

12 | publisher’s letter // Jusuf Wanandi

What strategy should Indonesia set for its future?

16 | reality check // James Kallman

New year – new approach or same old story.

18 | fresh thought // Taufik Darusman

In the presence of political shamans.

companies & people

20 | Beauty Market

L’Oréal has picked Indonesia as home of its largest plant in the world,

which it hopes to help with its regional ambitions as well.

By Gloria Haraito

26 | Niche Player

Intraco thrives on providing heavy equipment targeting specific markets.

By Gloria Haraito

28 | marketing insights // Hermawan Kartajaya

“Anak Singkong” a presidential candidate?

businessman of the year

30 | Medicine Man

At 80, Dr. Boen has built Kalbe Farma into the country’s largest pharmaceutical

company, and still sees plenty of growth ahead.

By Ulisari Eslita

37 | Ageless and Peerless In an Era of Fabless

Morris Chang, 81, has lit another fire under TSMC, as it builds on his

chipmaking breakthrough. Eyes now for Apple?

By Russell Flannery

COVER Photograph by

ahmad zamroni / forbes indonesia

p PAGE 30

“We have been

developing very

fast, because we

are putting a

lot of emphasis

on research and

development. I

think this is our

key of success.”

—BOENJAMIN SETIAWAN,

KALBE FARMA founder &

honorary chairman

JANUARY 2013 FORBES INDONESIA | 3

NISSAN

NISSAN INFINITI JAN 2013 EDIT 1 12/17/12 4:56 PM

4 | FORBES INDONESIA JANUARY 2013

MAYAPADA

www.bankmayapada.com

Mayapada Tower, Ground Floor – 3rd Floor

Jend. Sudirman Kav.28 Jakarta 12920 – Indonesia

Phone : +62 21 5212288, +62 21 5212300

Leading you to Indonesia

For over two decades, Bank Mayapada has proven to be a strong and reputable bank

in Indonesia. We offer a wide range of financial services to meet our clients’ personalized

business needs supported by state of the art IT and knowledgeable staff. With over than

170 branches in 19 provinces in Indonesia, Bank Mayapada will continue to serve the ever

growing economy in Asia.

dps mayapada final.indd 8 7/3/12 7:46 PM

JANUARY 2013 FORBES INDONESIA | 5

MAYAPADA

www.bankmayapada.com

Mayapada Tower, Ground Floor – 3rd Floor

Jend. Sudirman Kav.28 Jakarta 12920 – Indonesia

Phone : +62 21 5212288, +62 21 5212300

Leading you to Indonesia

For over two decades, Bank Mayapada has proven to be a strong and reputable bank

in Indonesia. We offer a wide range of financial services to meet our clients’ personalized

business needs supported by state of the art IT and knowledgeable staff. With over than

170 branches in 19 provinces in Indonesia, Bank Mayapada will continue to serve the ever

growing economy in Asia.

dps mayapada final.indd 8 7/3/12 7:46 PM

6 | FORBES INDONESIA JANUARY 2013

ENTREPRENEUR

42 | LET THEM EAT CAKE

Lal de Silva is the rare chef who successfully grew his own business.

By Gloria Haraito

46 | Sewing the seeds of fortune

A single sewing machine and an eye for detail helped Donda Hutagalung

build a Rp 10 billion a year industrial clothing business.

By Gloria Haraito

ISSUES & IDEAS

52 | Aceh: Eight Years On

Columnist Scott Younger returned to Banda Aceh shortly before the eighth anniversary

of the tsunami to file this personal account of Aceh’s recovery from the tragedy.

58 | Building a Strate gic Relationship

From multi-billion investments to K-Pop, South Korea’s Ambassador to Indonesia

Young-sun Kim see a growing relationship between the two nations.

By Mee-Hyoe Alana Koo

60 | A Chat With Thaksin Shina watra

Forbes Asia caught up with deposed Thailand prime minister Thaksin Shinawatra

in his Dubai refuge.

66 | DELIVERING INFRASTRUCTURE // Raj Kannan

Infrastructure crisis—time for an “Ibra-like” agency for infrastructure.

68 | legal view // Eddy Leks

The challenge of minimum wage increases.

70 | ceo wisdom // Andrew Tani

CEOs, pay attention!

71 | global viewpoint // Jennie S. Bev

Will a financial bubble pop in 2013?

LIFE

72 | Dancing for Life

After 37 years as a performer, Didik Nini Thowok remains an icon

for cross-gender dance in Indonesia.

by Sonya Angraini

74 | Liquid Gold

The modest but growing market for rare whisky has investors

seeking big returns dram by dram.

by CALEB MELBY

76 | Upsca le Mobility

Vertu under Perry Oosting aims to strengthen its position in the luxury cell phone segment.

By Yessar Rosendar

78 | the eye // Yessar Rosendar

u PAGE 42

“It is my baby, I want to see it grow. “ —Lal de Silva,

harvest cakes & cheese cake factory owner

p PAGE 26

“I was familiar

with the

company. Back

in elementary

school, I was

driving a Bobcat.”

—Petrus Halim,

Intraco Penta

president director

contents — JANUARY 2013 volume 4 issue 1