Jakarta. Indonesia, an emerging middle-income country, is already the world's 16th largest economy by gross domestic product and the 10th strongest in terms of purchasing power parity, and a member of the G-20. A number of global consultancy firms and banks have reported that the world's fourth most populous nation, which has charted impressive economic growth since overcoming the Asian financial crisis in 1997-1998, has yet to unleash its true economic potentials, given the country has a large young population, is rich in natural resources and is currently seeing a middle class boom – which has boosted the number of its affluent consumers. Bloomberg reported in January, citing a report from Standard Chartered, that Indonesia could shake up the world's gross domestic product rankings by breaking into the top five in 2030. This is a much more optimistic prediction than the one made in a report by McKinsey in 2012, which said Indonesia … [Read more...] about Can Indonesia Leverage a ‘Golden Moment’ in Its Economy?
1997 economic crisis
Conventional wisdom dictates that Southeast Asia has become a region caught between two powers – China and the United States. Another often repeated mantra is that China is now the main source of investments – especially infrastructure funds – in the region. Both conclusions are actually contestable. Any geopolitical observer will note that there is a third power that is quietly but effectively making its influence felt in the region. Japan is the third power that is actively wooing Southeast Asia. Ever since the rise of China, Japan has been pushed out of the spotlight. However, in the last five to six years, its investments in Southeast Asia have increased dramatically and has become involved in the South China Sea. A recent analysis by Stratfor concluded: “ To be sure, Japan has always maintained engagement with the wider region. It played a role in stabilizing regional currencies in the aftermath of the 1997 Asian financial crisis and has long championed … [Read more...] about Japan: A trusted partner
Anothai, now 48, fell in love with computers when he first encountered them on his university campus. Despite his workload as a marketing student he felt driven to learn all he could about computer programming. He even worked as a teaching assistant at computer lab. These were his first steps on a path that would take him to the vice president’s office for Asian emerging markets at Dell Technologies. After graduating with his marketing degree from Assumption University (ABAC), he lost no time in finding work a sales person for a Thai computer company, SVOA, where he stayed for three years. By that time, he made good on a plan to become an entrepreneur. He joined with a friend to set up a local brand PC company and ran the business for two years. With that taste of entrepreneurship behind him, he returned to the corporate world, joining Compaq Company in its product and marketing department. He recalls that the PC market had been dominated by local brand PCs, … [Read more...] about How geek was PROGRAMMED to succeed
Retaking vital cement industry from outsiders The largest Filipino conglomerate San Miguel Corp. has acquired the largest foreign-owned cement maker Holcim Philippines. The move is strategic in two ways. Supply is assured for SMC’s expanding construction business. And Philippine infrastructure and housing is shielded from outside corporate and market shakeups. SMC bought 85.7 percent of Holcim from Switzerland’s giant Lafarge Ltd. It beat contenders Anhui Cement Corp. of China, Taiheyo Co. of Japan, and Siam City Cement of Thailand. The acquisition is by SMC’s wholly owned First Stronghold Cement Industries Inc. Price tag: $2.15 billion. Lafarge is retreating from what it called “a hypercompetitive arena in Southeast Asia.” With Dutch-controlled Republic Cement and Mexican-owned Cemex, Lafarge’s Holcim dominated 70 percent of the Philippine market. Outsiders gobbled up Philippine cement making during the Asian financial … [Read more...] about Retaking vital cement industry from outsiders
KUALA LUMPUR: In just a year of his tenure as Malaysia’s seventh prime minister, Tun Dr Mahathir Mohamad has been recognised as one of the world’s most influential men. In fact, earlier in January, he was named the Muslim Man of the Year by The Muslim 500, a ranking of the world’s 500 most influential Muslims. In April, Mahathir was ranked among the 100 most influential individuals in the world for the year 2019 by international news magazine Time. And earlier this month, international portal, Fortune.com, ranked Mahathir 47th in its World’s 50 Greatest Leaders list. The three publications described Mahathir, 93, as an extraordinary man for leading the coalition of (formerly) opposition parties, Pakatan Harapan, to win the 14th general election in May last year and for being re-elected as Malaysia’s prime minister. Bold, firm attitude As the oldest prime minister in the world, many know Mahathir as a bold and vocal leader who always stands firm in his … [Read more...] about World recognises Mahathir’s influence, leadership quality