Breaking News

Jabodetabek Floods: Impact on Retail and Property Sectors
07 March 2025

Garuda Indonesia Prepares 1.9 Million Seats for Lebaran
07 March 2025

Land Conversion Issues: Four Tourist Attractions Sealed
06 March 2025

Former Trade Minister Indicted for Corruption
06 March 2025

More Aircraft Added for Weather Modification to Reduce Rainfall
06 March 2025

Immigration Offices Open Until 3 PM During Ramadan
05 March 2025

Pertamina Apologizes Over Corruption Allegations
05 March 2025

Investors Drive a Surge in Nuclear Power Plant in Indonesia
04 March 2025

Indonesian Tourism Ministry Takes Action on Illegal Fees
03 March 2025

Mandalika Moves to Strengthen Green Tourism
02 March 2025

REI: Denpasar is Indonesia’s Most Prosperous City!

Image of Bajra Sandhi Monument Denpasar on Wikipedia Creative Commons by Amy North
Image of Bajra Sandhi Monument Denpasar on Wikipedia Creative Commons by Amy North

A recent FIABCI Asia Pacific event in Jakarta saw Denpasar awarded with the title of Indonesia’s most prosperous city 2019.

FIABCI is the International Real Estate Federation and it was founded in 1951 in Paris. It’s a worldwide business networking organization for professionals associated with the real estate industry.

The group’s Indonesian Chapter was created in 1973 and currently has 102-members nationwide.  They recently hosted the latest FIABCI Asia Pacific event with Real Estat [sic] Indonesia (REI) in Jakarta, which is where the results of this year’s 2019 UN-Habitat’s City Prosperity Initiative (CPI) were announced.

City Prosperity Initiative

CPI is a global initiative spanning more than 400-cities in 46-countries. According to their website the initiative is “used to measure the overall achievements in a city in six dimensions of prosperity that are related to how cities are governed or how they create and distribute socio-economic benefits or prosperity.” These include socially and environmentally sustainable human settlement developments.

Exercising in Renon. Image by Ya saya inBaliTimur on Flickr
Exercising in Renon. Image by Ya saya inBaliTimur on Flickr

Denpasar takes top spot

This year, the capital of Bali was recognized as Indonesia’s most prosperous city.

Denpasar beat Batam, Balikpapan and South Tangerang with a score of 60.20 on an index that looks at the economy and productivity, infrastructure development, quality of life, equity and social inclusion and environmental sustainability as well as urban governance and regulation.

The nation’s capital of Jakarta finished in 10th place with a score of 55 according to Radar Bali.

REI committed to urban development

Soelaeman Soemawinata, President of FIABCI Asia Pacific, and also President of REI, presented the award to AAN Rai Iswara, Secretary of Denpasar City.

Bali Berkarya are reporting Soelaeman as saying the launch of the CPI was a sign of REI’s commitment to contribute to urban development across Indonesia.

“This is our contribution as an organization that has a diversity of members, ranging from community house developers to new city developers, from hotel developers to the development of tourism and industrial areas,” he explained.

In accepting the award on behalf of the City of Denpasar, Rai Iswara acknowledged the hard work that Denpasar City staff had been doing based around the vision of a City Of Culture. But he also cautioned on being complacent as there was still much to be done to continue to improve the city and focus on sustainable development.

Sources: Baliberkarya, Bali Express, Radar Bali, Tempo, UN-Habitat

First published on Gapura Bali

Latest Article
Jabodetabek Floods: Impact on Retail and Property Sectors
The Jabodetabek area has been experiencing severe flooding since Monday (March 3) due to continuous heavy...
Garuda Indonesia Prepares 1.9 Million Seats for Lebaran
Jakarta Globe is reporting that Garuda Indonesia has prepared nearly 11,000 flights with a combined capacity...
Land Conversion Issues: Four Tourist Attractions Sealed
Land Conversion Issues: Four Tourist Attractions Sealed The Ministry of Environment has responded to...
Former Trade Minister Indicted for Corruption
According to reporting from Jakarta Globe, former Trade Minister, Thomas Trikasih Lembong, has been indicted...
More Aircraft Added for Weather Modification to Reduce Rainfall
According to reporting from Antara News, Indonesia’s Coordinating Minister for Human Development and...

Expat Indonesia is driven by Seven Stones Indonesia, a customer-centric company that believes in being authentic to deliver value to, and for, all stakeholders, to boost business growth and prosperity in Indonesia.

Instagram Facebook Linkedin Twitter

Write for Us

Write Now

Navigation

Copyright © 2022 expatindonesia.id | All Rights Reserved.

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.