Opportunities After The Pandemic

Opportunities After The Pandemic
Budidjaja Webinar
From L-R: Ridwan Jasin Zachrie, CFO of SSI and Maya Carolina, Senior Professional Development and Business Development Manager of Budidjaja International Lawyers.

Earlier this year McKinsey & Company published an interesting article around ideas to unlock Indonesia’s growth and potential. “If Indonesia can quickly return to pre-pandemic growth rates, the country may become the world’s seventh-largest economy by 2030,” they claimed, “rising above Italy, Russia, South Korea, and others. To achieve this goal, the country must focus on building productivity and competitiveness once the COVID-19 pandemic subsides, an effort that requires immediate priority.”

It’s the cause of much debate and the longer the pandemic continues, the more ideas are being discussed. A recent webinar organised by Seven Stones Indonesia (SSI) and the Budidjaja Group in Jakarta and moderated by Ridwan Jasin Zachrie, CFO of SSI, explored some of these ideas with The Ministry of Tourism and Creative Economy, Norway Connect and the Indonesian Norway Business Council.

McKinsey & Company suggest key elements for Indonesia to consider should focus on healthcare, domestic tourism, food security, infrastructure, Industry 4.0 technologies, renewable energy, digital systems, MSMEs, education and training. And it seems that’s precisely where the government’s is prioritizing.

Dadang Rizki Ratman, Expert Staff in the Field and Business Development, Ministry of Tourism and Creative Economy spoke about something called CHSE as the most important aspect to be applied by tourism business actors.

CHSE Certification is granted to tourism businesses, tourism destinations, and other tourism products that provide guarantees to tourists regarding the implementation of hygiene, health, safety and environmental sustainability. There are now almost 12,000 registered and certified CHSE businesses in 34 provinces across the country.

According to Terje H. Nilsen, Co-Founder of SSI, “Indonesia’s future is bright and it will be a powerful country after the pandemic. We believe the economy will keep growing after the pandemic, especially as the government is very supportive of Foreign Direct Investment (FDI) and encouraging business development through key economic drivers such as Digital Nomads and working from home, Holistic Tourism and Health Tourism.

Better connections, faster, smarter services, better pricing and innovation are things customers will be expecting and businesses have to be able to provide these, claims Maya Carolina, Senior Professional Development and Business Development Manager of Budidjaja International Lawyers. “Modern law firms sell advice, skills and information, but it’s their expertise, experience and efficiency that brings them value.”

This concept of value is an important one to be focused on, especially as it relates to innovation. Maya Carolina went on to explain that, Lawyerindo, for example “offers more than a conventional law firm does as it adapts to providing legal tech services such as IP, data protection, medical and healthcare, as well as whistleblowing.”

These are exciting times for those who believe in Indonesia’s future. At Seven Stones Indonesia, we do and we believe in the power of a positive and creative mindset. We believe in helping our clients, partners, and communities create a better world by adapting to change and focussing on what matters most to them.

We try to help businesses grow; we encourage investment and are forging relationships with like-minded organisations and we encourage you to do the same.

If you’d like to learn more get in touch with us at Seven Stones Indonesia through hello@sevenstonesindonesia.com

Sources: McKinsey & Company, World Bank

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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.

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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.