The ultra-modern Trakindo building in Cilandak looks like one that should be in the central business district rather than a suburb of Jakarta. Yet its location is significant. It was here in Cilandak that the Hamami family’s business PT Tiara Marga Trakindo (TMT) has been located since 1971. That longevity, and respect for tradition, is a testament to the guiding philosophy of the family and its business interests. Continue reading →
UBS Country Head Rajiv Louis has some clear views on how to invest in a cloudy global market.
After great numbers last year—a stock market up 46% on an economy that expanded 6%, Indonesia is once again facing volatility and uncertainty. The stock market is down some 3% since January 1, while unrest in the Middle East has driven oil prices up over $100 (despite being an oil producer, Indonesia is a net importer). Adding to the uncertainty is the fallout—literally and figuratively—from Japan’s terrible earthquake and tsunami. Continue reading →