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August 2018 - FORBES Indonesia

If to be the best is not good enough, then being the best of the best should certainly more than suffice. And that is precisely what the 50 business entities featured in this issue are. They are a testimony not only to their management's sound business instincts, but also to good corporate governance. The list is Forbes Indonesia's version of the nation's corporate creme de
la creme. The editorial team had put a number of prime companies through a proverbial prism from which 50 best of the best emerged. It is no mean feat; hours and hours were devoted to make sure they got it right as they have in the past.

One company stands out, namely PT Indonesia Paradise Property -- it has made the list three years in a row -- which is building star-rated hotels throughout the archipelago with unbridled gusto. The move falls in line with the government's resolve to earn more foreign exchange from tourism (and the creative industry), and to wean itself off from traditional revenue sources such as commodities. For the record, foreign tourist arrival passed the six million mark in the first five months of the year, up by nearly 12% over the same period in 2017.

This issue also celebrates the 18th Asian Games in Jakarta and Palembang by paying tribute to its organizer, Indonesia Asian Games Organizing Committee (INASGOC). Comprising of leading figures from the private sector working in tandem with government bureaucrats and retired senior military officers, the Committee has pulled off what is tantamount to an impossible mission. In merely two years, it has readied not one but two cities in Indonesia to hold the biggest sports event after the Olympics. In a way, INASGOC is Indonesia's best (and brightest) at work. The interplay between the three elements, namely business, military and bureaucrats, had worked wonders in projecting Indonesia to the world as a can-do nation.

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