Indonesia is Planning Well Ahead


Indonesia's economy expanded by 5.05 percent last year, marginally surpassing the projections set by the government. This growth rate, however, fell short of the 5.3 percent growth recorded in the previous year. Bank Indonesia, the nation's central bank, acknowledged that this economic outcome is in line with its anticipated growth corridor of 4.5 to 5.3 percent. The government's statistical bureau identified a downturn in export proceeds as the reason for the deceleration in the gross domestic product. This economic moderation has been observed across various business sectors, including employment trends.

The demand for hiring people in commercial, operational, and technical roles has decreased. Companies are now more careful about adding new staff for essential positions or replacing vacancies. Segments such as fintech, digital banking, e-Commerce, local conglomerates, SME startups, and Web3 companies are growing exponentially and are evident in the hiring heat map. Also, cyber risk and GRC industries are in high demand because of new local regulations emphasizing technology risk management.

Every business leader must understand that helping hands from subject matter experts have become almost inevitable to ensure business continuity. Making the right decisions at the right time is paramount. In this issue, we explore some of the interesting stories from Indonesia’s executive leadership world. We have curated a list of exemplary CEOs who have set benchmarks in embracing the new world and new business ways, clutching their unparalleled business virtue, forward-thinking, and meticulous planning.

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