In this issue

The fourth industrial revolution, or 4IR for short, is a hot topic in government circles these days, with bureaucrats scrambling to come up with action plans to prepare their economies for the coming 4IR disruption. In a similar fashion, a less-heralded but equally powerful transformation may also be underway in Indonesia’s SOE sector—call it SOE 4.0. While long a major component of the economy, SOEs have suffered from the perception of being less innovative and efficient than their privately-run peers. That notion may be changing, as demonstrated by the following profiles of some leading SOEs. Led by a new generation of energetic and farsighted leaders, many SOEs are evolving to become more open and entrepreneurial in their attitudes and strategies.

Invisible Unicorns

AS OF 2017, there are 197 one billion-dollar minimum-valuation unicorns in the world, one of which is Indonesia’s Go-Jek. While much attention is on these well-funded game changers, there are many “invisible” unicorns, so-called because they have reached $1 billion plus valuations with little or no VC or other external funding. They are the true definition of bootstrappers. Most of these invisible unicorns prefer to stay under the radar and continue to quietly disrupt business as usual in their chosen sectors. Who are they? How could they bootstrap and grow without any VC help?

2 mins

Homecoming: Bridging The Gap With Returnee Indonesians

OVER THE LAST few decades of Indonesia’s economic growth, an increasing number of young people have gone overseas for continuing studies and even begun their careers abroad. When family duties, residency restrictions or other reasons call them home to Indonesia, these returnees have a unique opportunity and challenge in job hunting in modern-day Indonesia.

2 mins

Growth Driver

Bank Negara Indonesia under Achmad Baiquni profits from infrastructure and digital trends.

7 mins

The Right Medicine

Honesti Basyir is putting Kimia Farma on a growth path.

3 mins

Money Maker

Perum Peruri is branching into many new areas such as smart cards.

2 mins

From Bellhop To CEO

Hong Kong’s Law family bought a hotel on a whim and now boasts an entire chain, thanks to dad letting his son run the show.

8 mins

Check My Ride

Jeffrey Andika’s Otospector helps used car buyers avoid buying lemons.

4 mins

Credit Without A Card

Akshay Garg’s fintech Kredivo provides digital credit without a card.

4 mins

Silky Treats

An under-30 brother and sister have made Puyo Desserts a success.

4 mins

Celebrating Flavors

Celebrity chefs Jean-Georges and Cedric Vongerichten enter Indonesia with Vong Kitchen.

4 mins

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Forbes Indonesia Magazine Description:

Forbes Indonesia is a world-class business magazine of uncompromising quality and scope, providing insights and information to readers critical to their business and inspiring them to greater success