In this issue

This month's cover subject is Tigor Siahaan, the president director of PT CIMB Niaga. He's a veteran banker, with more than two decades of experience, mostly at Citibank, one of the worlds's biggest global banks. He already had four years of experience running Citi’s operations in Indonesia before he stepped into the role at CIMB Niaga. It may seem like an easy transition at first glance, but there are several key differences between the two banks. For one, Citi operates in about 100 countries, while CIMB Niaga is a Malaysia-based regional bank. In Indonesia, Citi is a big brand but not necessarily a big bank, while CIMB Niaga is the country’s fifth largest by assets. Thus, a way to sum up the change was that Tigor swapped a big global brand for a more regional one, but with a bigger local presence. He was also tasked with a repair job—the weak Indonesian economy had contributed to a decline in the bank’s franchise. Tigor’s strong hand in restoring the bank came just as the economy also turned around, so he was able to position the bank to fully maximize the opportunity when it came. As the old saying goes, one key to success is to make your own luck. From a time in 2015 when many of the bank’s arrows on its quarterly reports were pointing down, these days Tigor can deliver reports where those same arrows are pointing up.

New Fed Head Same Old, Bad Old

LOST AMONG PORNO ACTRESS allegations, Syrian chemical weapons, food fights between the President and a rogue ex-FBI director, a North Korea summit and possible trade wars is the issue of tax cuts.

2 mins

Weathering Market Volatility

MARKET VOLATILITY is back after a relatively subdued 2017 and emerging markets (EM) have not been spared.

2 mins

Electronic Wizard

Abidin Fan has built Sat Nusapersada into one of Indonesia’s largest smartphone and electronic makers.

4 mins

Bank Reboot

Tigor Siahaan has revitalized the performance of CIMB Niaga bank.

6 mins

Indonesia Now: Empowering Millennials

“INDONESIA NOW” is the title of Slank’s first single of 2018.

2 mins

Solving The Impossible

Arfian Fuadi’s Dtech Engineering emerges as a world-class firm after winning two global design contests.

4 mins

Putting A Buy On America

A 30-year Veteran of Emerging Markets, James S. Kallman Is the Senior Partner of Global Accounting and Consulting Firm, Moores Rowland (a Member Firm of Praxity). James Is Regularly Quoted in Local and International Media. 

2 mins

Timeless Beauty

Cartier’s Cyrille Vigneron is sustainably enhancing the brand’s products and retail experience.

3 mins

Dapper Up

Paolo Canali wants Canali to be a more contemporary while maintaining its heritage.

3 mins

Artsy Hong Kong

Hong Kong Art Week, held from March 27 to April 1, has become one of the signature events in the global art market.

2 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