BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

The Cost of Looking Good

The fashion industry is at the tipping point of turning sustainable.

Resilient Sectors in Greater Jakarta Amid the Pandemic

The pandemic has resulted in a challenging period for much of the Greater Jakarta real estate market.

Sweet Dream

On 17 August 2021, PTPN, the national state-owned plantation company, with government support, officially established PT Sinergi Gula Nusantara (SugarCo) by bringing together 35 sugar mills owned by seven of its members under a single entity subsidiary.

To the Moon

Tokocrypto takes early steps to integrate blockchain and crypto technology into Indonesian society

Charting the New Streams

As a podcast content platform, Noice is starting to show substantial growth in the Indonesian market by focusing on local content and multi-vertical audio.

Race to Zero

Katingan Mentaya Project is leading the way in the global carbon finance-based conservation.

Rich Suckers

Private equity funds are the greatest wealth builders ever invented on Wall Street. So why have the retail versions of the dealmakers’ funds, peddled by Merrill Lynch and other brokers, performed so poorly?

Digital Money Bags

DANA, one of the country's largest e-wallet platforms, is looking to expand its customer base throughout the archipelago.

CHARTING NEW WATERS

PONTIAC LAND’S EVAN KWEE IS PUSHING PAST THE PANDEMIC WITH A NEW RESORT DEVELOPMENT IN THE MALDIVES, AS PART OF THE KWEE FAMILY’S EXPANSION OUT OF SINGAPORE AND INTO THE GLOBAL HIGH-END HOSPITALITY MARKET.

Human Transformation: Beyond Digital Adoption

Digital transformation coupled with the development of increasingly advanced technology - artificial intelligence, big data, 3D printing, blockchain, augmented reality, and so on – has seen digitalization slowly, but surely, impact almost all areas of our lives, especially over the last five years.

The Nappy Winner

With promising growth ahead, Uni-Charm Indonesia prepares to be at the forefront of disposable hygiene products

SINARMAS GROUP ACQUIRES A COAL MINE IN AUSTRALIA

Sinarmas’ Golden Energy Mines’ subsidiary, Stanmore Coal Ltd, acquired the Millennium and Mavis Downs Mine from Peabody Energy Australia last month. Located in Moranbah, Queensland, Australia, the acquisition was taken under MetRes Ltd, a joint venture company with M Resources Trading Pty Ltd with upfront cash of A$1.25 million and a royalty agreement for $1.25 million.

Opportunity in the Shrimp Industry

Blessed with abundant natural resources, Indonesia is well known as the world’s largest producer of crude palm oil as well as its fifth-largest coal producer, the largest nickel producer, the second-largest tin producer and second-largest rubber producer.

SUSTAINABLE LUXURY

THE MACALLAN single malt Scotch whisky has teamed up with Bentley Motors to positively impact the environment. Through uniting The Macallan’s mastery of whisky-making with Bentley’s expertise in manufacturing luxury cars, the collaboration aims to create immersive experiences and inspirational products delivering timeless luxury, all balanced with a commitment to a more progressive world.

EMTEK INVESTS $375 MILLION IN GRAB INDONESIA

Country’s media conglomerate, PT Elang Mahkota Teknologi (Emtek), invested as much as $375 million in ride-hailing giant Grab Indonesia, forming a strategic alliance as the battle for dominance Southeast Asia’s fastest-growing digital economy heats up.

Championing Startups

Arya Setiadharma fuels the gap between early and later-stage startup investments through Prasetia.

Steadfast Delivery

Farian Kirana aims to grow Lion Parcel to a Rp 1 trillion company and take it public.

Healthy Start

Setting a new milestone amid the pandemic, Pyridam Farma aims to boost innovation in Indonesia’s pharmaceutical industry

The Giant Awakens

HERY GUNARDI LEADS BANK SYARIAH INDONESIA TO TAKE ON THE GLOBAL ISLAMIC BANKING INDUSTRY.

Selling Beauty

Everwhite aims to provide high quality yet affordable skin care product, making it accessible to all.

NEW-GENERATION LEGEND

THIS YEAR, renowned Swiss luxury watchmaker, Rolex presented its new-generation Oyster Perpetual Explorer. The legendary timepiece now comes in a 36 mm case, a return to the size of the original model launched in 1953 following the first ascent to the summit of Mount Everest by Sir Edmund Hillary and Tenzing Norgay on 29 May that year.

Emerging Signs of Inflationary Risks Driving Gold's Rally

In February’s issue, I highlighted that one of the big drivers for gold this year could be the fear of returning inflation in global economies which have been used to low inflation, low-interest-rate period of extended stability. Since then, signs of increasing inflationary pressures have emerged including in April’s reported increase in US non-farm payroll earnings and that the same month’s inflation measure reached 4.2% on an annualized basis.

Staying the Course

After a tough year at his property-focused private equity firm, Gaw Capital, GOODWIN GAW is keeping his powder dry for deals in the year ahead.

American Sun

DEAN SOLON built a multibillion-dollar fortune in solar energy by manufacturing precisely the sort of commodity gear that can be made more cheaply in China. His secret: higher prices for higher quality.

Aligning Profit

From its clear aligners, Rata takes the lead in improving dental health awareness in Indonesia.

FORBES 30 UNDER 30 ASIA 2021

As Asia sees the light at the end of the Covid-19 tunnel, activists, entrepreneurs, scientists and young leaders on the Forbes 30 Under 30 Asia 2021 list are hard at work realizing the new normal. After the toughest year in their generation, these 300 Millennials and Gen Zs have persevered to survive and even thrive despite long lockdowns, restricted travel and uncertainties on all fronts. Most continued to grow their businesses and adapt to the changes brought about by the pandemic, while a few have even dared to start their ventures in the middle of crisis, spotting opportunities where others see obstacles. Selected from over 2,500 nominations and vetted by our team of reporters and a panel of A-list judges, these trailblazers are unparalleled examples of determination, hard work and innovation.