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Tag: Indonesia

  • Alibaba to invest $1bn in Indonesia e-commerce platform

    Alibaba to invest $1bn in Indonesia e-commerce platform

    Alibaba Group has led a $1.1 billion investment round for financing into Indonesia’ Tokopedia to become a minority shareholder.

    A number of undisclosed existing Tokopedia investors also participated in the round, the Chinese e-commerce giant said.

    “We have always thought of Alibaba as our teacher and role model. Today, we are excited to welcome them as a shareholder and we believe that our partnership will further accelerate Tokopedia’s mission, to democratise commerce through technology,” said Tokopedia CEO and co-founder William Tanuwijaya, in a statement.

    “The partnership with Alibaba will enhance the scale and quality of Tokopedia’s offerings to its customers and make it easier for merchants and partners to do business across the archipelago and beyond.”

    Alibaba first showed interest in Tokopedia in July where it was in reported talks to lead a funding round in the Indonesian unicorn.

    “Alibaba and Tokopedia have a shared mission of helping small and medium enterprises in achieving success in its business,” said Daniel Zhang, CEO of Alibaba Group.

    “We are very delighted to partner with Tokopedia in serving Indonesian customers.”
    The start-up first announced an investment round in 2014, where it received $100 million from SoftBank and Sequoia.

    In 2016, Tokopedia raised $147 million in an undisclosed round from several venture capital firms including Amasia, which brought the total amount raised to $247 million. The funding round valued the company at one billion dollars.

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  • AirAsia Flies Jakarta-Macau Route

    AirAsia Flies Jakarta-Macau Route

    AirAsia, a Malaysian low-cost airline with a branch in Indonesia, made its first Jakarta-Macau flight on Aug. 7.

    Transportation Minister Budi Karya Sumadi has welcomed the new route, saying it will also reinforce Indonesia’s tourism sector.

    “We will continue to support AirAsia in developing new international routes,” Budi said in a statement, adding the ministry has requested airport operators Angkasa Pura I and Angkasa Pura II to cut fees for landing.

    “It will become a stimulus for AirAsia to further develop its routes to various tourism destinations in Indonesia,” he said.

    “This flight is the fifth after our flights to Jakarta from Penang [Malaysia], Singapore, Bangkok [Thailand] and Kuala Lumpur [Malaysia],” AirAsia Indonesia chief executive Dendy Kurniawan said.

    Flights are operated three times a week on the Jakarta-Macau route. In September one more will be added.

    “A fourth of foreign tourists visiting Indonesia in 2016 were brought by Air Asia. The Jakarta-Macau route will improve the connectivity between Indonesia and southern Chinese cities, meaning more tourist arrivals,” Tourism Ministry’s deputy for foreign tourism marketing development.

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  • Actress Raline Shah appointed as AirAsia Indonesia director

    Actress Raline Shah appointed as AirAsia Indonesia director

    AirAsia Group’s CEO and co-founder Tan Sri Tony Fernandes has announced that the company had appointed noted actress Raline Shah as a new director of PT Indonesia AirAsia.

    Fernandes announced Raline’s appointment through his private Instagram account on Monday, to which he also uploaded a photograph of Raline and himself.

    Fernandes, however, did not mention the exact position Raline would fill. AirAsia Indonesia spokesman Baskoro Adiwiyono also did not respond to questions about her appointment.

    Raline was born in Jakarta on March 4, 1984, and lived in the North Sumatran capital of Medan. She is an actress and a model. She emerged in the public eye when she took part in the 2008 Putri Indonesia Pageant,  in which she was noted as a favorite contestant.

    She has starred several movies, including 5 cm, 99 Cahaya di Langit Eropa (99 Lights in the European Sky), Supernova, and Surga yang Tak Dirindukan (a heaven unmissed).

    Raline graduated from the National University of Singapore with a bachelor of arts in political science.

    The Malaysian aviation company planned to integrate its South-East Asian business, kompas.com reported, but its plans were not in accordance with Indonesian regulations.

    AirAsia has regional branches in Indonesia, the Philippines and Thailand, while its hub is based in Kuala Lumpur.

  • Fast Retailing Indonesia taking Uniqlo to East Java

    Fast Retailing Indonesia taking Uniqlo to East Java

    Fast Retailing Indonesia is reaching out to new markets with the impending opening of two Uniqlo fashion stores in Surabaya, East Java.

    The Japanese retail giant’s expansion to the provincial capital adds to the 11 Uniqlo stores already in Indonesia.

    Fast Retailing Indonesia president/director Michiaki Tanaka says the Surabaya stores are part of his company’s plan to reach all customers across the country.

    Being launched next month, the stores are being built in Surabaya’s biggest shopping centres, Pakuwon Mall and Tunjungan Plaza.

    Uniqlo has 1800 stores in 18 countries.

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  • AirAsia, Indonesian tourism ministry in joint marketing pact

    AirAsia, Indonesian tourism ministry in joint marketing pact

    Indonesia’s Ministry of Tourism and AirAsia have announced a collaboration in marketing in terms of brand advertising, promotional activities and activations across various touch points including, digital, print, radio, in-flight branding, consumer selling travel fair and more.

    The launch of the collaboration was held in Shah Alam, and was attended by Judi Rifajantoro, professional staff to the minister for tourism infrastructure, Indonesian Ministry of Tourism; Robert D. Waloni, senior adviser to the minister for air accessibility, Indonesian Ministry of Tourism; Aireen Omar, CEO of AirAsia Bhd; and Rifai Taberi, commercial director of Indonesia AirAsia.

    “Under the joint promotion for the media campaign, we hope AirAsia will cater more travellers to Indonesia and more people especially Malaysians can experience Indonesia thanks to AirAsia’s numerous routes. This is obviously part of a much broader agenda of collaboration with airlines and the community,” said Rifajantoro.

    Aireen said, “This partnership could not be more timely as we have been seeing a robust demand for Malaysia and Indonesia. In 2016, we have flown more than four million guests between both countries to contribute significantly to the tourist arrivals last year and this is only a fraction of the great potential we can achieve.

    “We look forward to this commitment with the Ministry of Tourism Republic of Indonesia and we are confident that we can further increase more tourist traffic and income for both countries.”

    AirAsia connects Malaysia with Indonesia with more than 350 times weekly flights to 15 different cities such as Banda Aceh, Bandung, Bali, Jakarta, Lombok, Medan, Pekanbaru, Palembang, Padang, Pontianak, Semarang, Solo, Surabaya, Makassar, and Yogyakarta.

    The airline recently added more frequencies to several routes in Indonesia and has launched direct flights from Kuching, Sarawak, to Pontianak.

    In conjunction with the partnership, AirAsia is offering promotional fares for flights into Indonesia, starting from RM79, for bookings made from yesterday until Sunday, for immediate travel until Feb 25, 2018.

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  • Indonesia Experiencing Salt Crisis

    Indonesia Experiencing Salt Crisis

    Indonesia is experiencing a salt crisis. This is very strange because Indonesia has easy access to the sun, sea, and coastlines more than most countries in the world. In fact, we know, that just by evaporating seawater that depends on the three components, salt can be made.

    The signs of a salt crisis have been seen from long ago. For example, since Eid al-Fitr, the price of salt has almost never dropped again as usual. The price actually continues to soar and has now increased four times. Or, just look at the signs of national needs and production of salt.

    Indonesia needs 4.3 million tons of salt per-year, including the industrial salt with sodium chloride (NaCl) content of above 97 percent or consumption salt with its NaCl content below it. A total of 1.8 million tons of which are supplied domestically, mostly for consumption salts that are now scarce.

    Since the beginning of the year, supply from the domestic fields has been dragged. In the salt fields owned by PT Garam in Sumenep, for example, the salt production in May-June was only 50 tons, while it can usually reach 2,500 tons.

     

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  • XOX inks MoU to deploy Voopee in Indonesia

    XOX inks MoU to deploy Voopee in Indonesia

    XOX Bhd has inked a MoU with an Indonesian telco and an Islamic organisation to develop and deploy its Voopee solution – which is a SIM-free application for smartphoneswhich allows the user to call and text non-Voopee phone numbers.

    XOX said on Friday it unit XOX Media Sdn Bhd had signed an MoU with PT. Inovasi Telematika Nusantara and Pengurus Besar Nahdlatul Ulama (PBNU).

    “The plan is to conduct a study and the planning for the development and deployment of the Voopee solution under the Nahdlatul Ulama branding with all other accompanying solutions targeting to be adopted by PBNU members,” it said.

    XOX said PT Inovasi provides telecommunication services. As for PBNU, it  is the largest independent Islamic organisation in the world and also a charitable body funding schools and hospitals as well as organising communities to help alleviate poverty.

    The MoU will be for six month or until a commercial agreement is entered between the parties.

    XOX said the MoU is expected to have positive contribution to the earnings per share and net assets per share of the Group should the MoU be subsequently commercialised.

    What Voopee is about: Voopee, unlike other apps, allows the user to call and text non-Voopee phone numbers. It works like any normal mobile service.

    Voopee uses the power of the Internet via mobile data connection or WiFi to provide you with mobile services.

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  • Jakarta prepares for Indonesia’s most influential sugar show

    Jakarta prepares for Indonesia’s most influential sugar show

    The low production of sugar which cannot meet the large demand of sugar consumption in Indonesia caused by inefficient processes initiates the INAGRITECH 2017 to present its premier sub-event named SugarMach Indonesia 2017. SugarMach Indonesia 2017 is the premier show focusing on sugar machinery, innovation, and technology. This show gains a strong support from the Indonesian Sugar Association (AGI) and Indonesian Sugar Professional Association (IKAGI) as SugarMach Indonesia 2017 is held in an attempt to push Indonesia’s infrastructure development in sugar industry as well as supporting the country’s effort to achieve sugar self-sufficiency. For the success of the event, AGI-IKAGI will also hold the National Sugar Summit 2017 along with SugarMach Indonesia 2017.

    National Sugar Summit 2017 will be attended by thousand of professionals from all Indonesia Sugar Industries and government to discuss technology, policy, challenge and strategies how to make Indonesia Sugar Industry to become more competitive in global. Most of the attendee should be decision makers, the board of director, owner, government and professional in the ugar business.

    The resounding big success of INAGRITECH 2016 Jakarta held along with INAGRICHEM 2016 and INAPALM ASIA 2016 attracted 216 companies from 14 countries and 8,920 trade attendees from over 12 countries, has further proved the event as the ASEAN’s most leading trade show for agricultural machinery & equipment, agrochemical, palm oil processing machinery and the other agricultural supporting industries. The expo has expressed a proven opportunity to boost sales and gain exposure as well as meeting with key decision makers and potential buyers. Around 95 per cent of exhibitors also expressed a proven opportunity to boost sales and gain exposure as well as meeting with key decision makers and potential buyers from both domestic and international.

    SugarMach Indonesia 2017 is an ideal platform for sugar industry players to explore their business, to network with both local and global communities, and to unveil their latest products of technology. Indonesia’s sugar self-sufficiency effort provides an opportune time for investors to participate in the sector as well as take advantage of various incentives on offer. The bright prospects for investment in the national sugar industry are evident from the growing interests of the private sector to invest in the sector.

    SugarMach Indonesia 2017 taking place on 23 – 25 August 2017 at JIExpo Kemayoran, Jakarta – Indonesia will co-locate with INAGRITECH 2017, INAGRICHEM 2017 and INAPALM ASIA 2017. It will definitely be one of the Indonesia’s most prospective one-stop exhibitions for sugar industry players. The scale of exhibition area will be expanded up to twice as large as last year’s and will attract more than 500 exhibiting companies.

    According to the Indonesia Ministry of Trade, Indonesian sugar consumption within the consumer retail segment is 3 mn tonnes per year, while national sugar production is only about 2.5 to 2.7 million tonnes per year resulting in a shortfall of 300-500,000 tonnes of sugar. Therefore, the new government is committed to building 10 new sugar mills between 2015 and 2020 with Rp42.5 trillion of investment. Each mill is hoped to be able to process 30,000 tons of sugarcane per day. To achieve the goal, Indonesia’s sugar mill must upgrade and use the modern technology and machinery for its sugar production.

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  • Help for Singapore start-ups in Indonesia

    Help for Singapore start-ups in Indonesia

    Singaporean start-ups eyeing the Indonesian market can now look to a new innovation hub in its capital. Block71 Jakarta, a 1,500 sq m facility in the Kuningan district, officially opened its doors yesterday to 24 businesses from both countries. Operations had begun in March.

    The hub, a tie-up between the National University of Singapore’s entrepreneurial arm NUS Enterprise and Indonesia’s Salim Group conglomerate, will host conferences, business competitions and other start-up events.

    It is based on Singapore’s Block71 in Ayer Rajah Crescent.

    NUS Enterprise chief executive Lily Chan said: “Block71 Jakarta is open to all start-ups and entrepreneurs who are keen to explore the Indonesian market. In particular, we strongly encourage companies that are developing innovative technology solutions with the potential to scale globally to apply.”

    Start-ups are also expected to be able to tap the global networks of investors and industry players that NUS Enterprise and Salim Group are plugged into.

    The group’s executive director, Mr Axton Salim, said in a statement: “We have embarked upon this initiative as we want to support entrepreneurs as well as encourage new developments in Indonesia.

    “The Salim Group’s networks and experience will facilitate the entry of start-ups and innovations to the local market and benefit the community here.”

    His family business deals in a diverse array of sectors, with its units including real estate, telecommunications and manufacturing.

    Among the Singapore start-ups that have ventured into Block71 Jakarta is the pslove company, which sells heat patches to alleviate menstrual cramps. Founder Tan Peck Ying told: “As a consumer product company, we go where the demand is. For the past couple of months, we have been getting multiple requests from Indonesia and this is a natural move for us.”

    The Indonesian start-ups at Block71 Jakarta include 8villages, a social enterprise that provides rural farmers with a mobile information platform to communicate and do business.

    Minister for Trade and Industry (Trade) Lim Hng Kiang, who officiated the hub’s opening ceremony yesterday alongside his Indonesian counterpart, said: “Block71 Jakarta will be a launch pad for Singapore entrepreneurs and innovators to build ties with the Indonesian start-up community. We hope Block71 Jakarta will foster a healthy two-way exchange of ideas, innovation and expertise.”

  • Maybank Indonesia Patmi up 16.3% in 1H

    Maybank Indonesia Patmi up 16.3% in 1H

    Malayan Banking Bhd’s (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk (Maybank Indonesia) posted a 16.3% year-on-year (y-o-y) rise in profit after tax and minority interests (Patmi) to 998.5 billion rupiah (RM320.7 million) for the first six months ended June 30, 2017 (1HFY17), from 858.4 billion rupiah, on an overall improvement in its core banking business.

    In a statement yesterday, Maybank said Maybank Indonesia’s net interest income rose 7% y-o-y to 3.8 trillion rupiah in 1HFY17, from 3.6 trillion rupiah, mainly due to the bank’s discipline in loan pricing and active funding management.

    The net interest margin improved to 5.3% in June 2017, compared with 5% in June 2016, while fee-based income grew 9.1% to 1.5 trillion rupiah from 1.3 trillion rupiah.

    “I am pleased the bank continued to show encouraging improvement for the first semester despite the challenging macroeconomic environment,” Maybank group president and chief executive officer Datuk Abdul Farid Alias said. He is also Maybank Indonesia’s president commissioner.

    Maybank Indonesia’s global banking loans grew 18.9% to 27.3 trillion rupiah in June this year, as a number of key deals were successfully realised.

    Its community financial services (CFS) non-retail loans, which comprise micro, small and medium enterprises, and business banking, grew by 2% to 50.1 trillion rupiah. However, due to a slowdown in consumer spending, CFS retail loans declined 6.4% to 42.5 trillion rupiah, the banking group added.

    Maybank Indonesia’s asset quality was also maintained, with the consolidated non-performing loan (NPL) level remaining at 3.6% (gross) and 2.4% (net) as of June 2017, compared to a year earlier. Provision expenses declined by 15.7% to 835.8 billion rupiah in June 2017, from 991.1 billion rupiah in June 2016.

    The loan-to-deposit ratio (bank only) stood at a “healthy” 86.7%, while the loan-to-funding ratio (bank only) was at 85.9%. Total customer deposits grew 5%, from 114.1 trillion rupiah in 1HFY16 to 119.8 trillion rupiah in 1HFY17, with the current account and savings account ratio reaching 37.4%.

    Maybank said its Indonesian unit’s continuous focus on transactional banking and electronic channels, which include its Internet-based mobile banking facility Maybank M2U, also “contributed greatly” to the improved liquidity position.

    Syariah banking also continued to perform in 1HFY17, said Maybank, with net profit growing 95.9% to 384.9 billion rupiah in June 2017, from 196.4 billion rupiah in June 2016.

    “Total syariah financing rose 49%, reaching 16.2 trillion rupiah in June 2017, compared with 10.8 trillion rupiah in June 2016, while deposits jumped 41.4% to 13.5 trillion rupiah from 9.6 trillion rupiah,” Maybank said.

    Meanwhile, Maybank Finance reported a 20.4% rise in profit before tax to 174.9 billion rupiah in June 2017, from 145.2 billion rupiah in June 2016, with a 21.9% rise in consumer financing (stand-alone) to 6.7 trillion rupiah from 5.5 trillion rupiah. In terms of asset quality, gross and net NPLs stood at 0.4% and 0.3% respectively.

    “Our strong first-semester results clearly reflect the steady improvement in our core business performance as strong fundamentals, rigorous risk management practices, as well as a disciplined approach towards pricing and growth are well in place,” said Maybank Indonesia president director Taswin Zakaria.

    The bank is confident of seeing sustainable profit growth in the remainder of 2017, he added.

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  • Tourism Ministry to Lure More Asia Pacific Tourists

    Tourism Ministry to Lure More Asia Pacific Tourists

    Tourism Ministry claimed that they will keep adding the number of international flight routes especially from Asia Pacific to Lombok, West Nusa Tenggara. One of the potential markets targeted is South Korean tourists.

    Tourism Ministry’s Asia Pacific deputy assistant Vincent Djemadu said that the potential tourists from Asia Pacific to Indonesia are high in number. They are mostly attracted to Indonesia’s nature and culture.

    Nationwide, in a year there are at least 350 thousand Korean tourists choose Indonesia to spend their holiday. Vincent mentioned that this year the figure will increase to 500 thousand tourists.

    “At present, nationally, the existing market is roughly 350 thousand tourists per year. It will most likely increase up to 500 thousand by the end of this year,” Vincent said in Praya on Saturday (29/7).

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  • Telkom enters IoT alliance with Fujitsu

    Telkom enters IoT alliance with Fujitsu

    Indonesia’s PT Telkom has entered a two-year strategic partnership with Japan’s Fujitsu to pursue the co-creation of businesses utilizing the IoT and other digital technologies and leveraging Telkom’s network infrastructure.

    Under the collaboration, the companies will seek to apply IoT and other advanced technologies to sectors including smart cities, healthcare, manufacturing and logistics.

    The companies will initially conduct market research and verification of technical specifications, systems and service performance, before moving on to concept verification and then service co-creation.

    The collaboration is aimed at Indonesia’s large population of over 250 million and catering to the rapid expansion in internet usage in recent years. The companies said they aim to develop a digital society in Indonesia, and support Telkom’s goal of building a digital economy in the nation.

    Telkom operates a 106,000km broadband backbone across the country as well as a satellite system capable of serving Indonesia’s islands. The company is Indonesia’s largest operator, and is majority-owned by the government.

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  • Konecranes wins contract to supply a new customer in Indonesia

    Konecranes won a contract for the delivery of an Automated RTG (ARTG) system to a new customer, PT Prima Multi Terminal, a subsidiary of PT Pelabuhan Indonesia I. The ordered ARTG system includes eight ARTG cranes with associated software, interfaces and services. The new order also comprises three Ship-to-Shore (STS) cranes.

    The ordered ARTG system and the STS cranes will be delivered to the greenfield container terminal in Kuala Tanjung Port, North Sumatera. The terminal is prioritizing digitization right from the beginning and highlighted the importance of transparency, scalability and maintainability on top of the core function of handling containers cost-effectively.

    “We are delighted to collaborate with the world’s leading automated container crane supplier and are looking forward to executing the project successfully before starting to serve our customers in a most efficient way at the end of 2018,” says Hosadi Sikumbang, President Director of PT Prima Multi Terminal.

    Indonesia is a strategically important country for Konecranes, which has been operating there for 18 years. The government of Indonesia is carrying out a nationwide freight transport program to improve the movement of goods through the country’s vast waterways. With its products and services, Konecranes is poised to contribute to the country’s drive to become a global top ten economy by 2025.

    “We thank PT Prima Multi Terminal for placing their confidence in Konecranes and look forward to being part of their success story. The value our customers perceive from our automation system is delivered through elimination of unintended crane movements, reduced energy and maintenance bills, and increased productivity,” says Janne Eklund, Konecranes Sales Director, Port Cranes, Asia Pacific.

    The new ARTG system will be delivered at the end of 2018 and comprises:

    · Eight all-electric, automated Konecranes 16-wheel RTGs with Active Load Control and GPS Autosteering
    · Four Remote Operating Stations (ROSs)
    · Truck guidance systems
    · Intelligent gates for the container stacks
    · Interface for miscellaneous container yard infrastructure
    · Automation software, including the interface to the Terminal Operating System
    · TRUCONNECT® remote service, which gives the customer 24/7 access to Konecranes’ global network of crane experts

    The three Konecranes STS cranes of Post Panamax size will have an outreach of 48m and will be delivered 2 months before the ARTG system.

  • BTPN targets Indonesia’s growing m-banking userbase

    BTPN targets Indonesia’s growing m-banking userbase

    Respondents to the Pwc 2017 Indonesia Banking Survey reveal that 52% of Indonesian banks see technology as the main driver of bank transformation over the next 3-5 years. Respondents say that e-banking is their top investment priority.

    Surveyed banks also affirm that while branches continue to be the preferred channel for banking, customers are clearly moving towards mobile and internet channels. According to PwC, in this regard foreign banks enjoy greater traction with customers via their mobile and internet channels.

    Seeing this trend, PT Bank Tabungan Pensiunan Nasional Tbk. (BTPN) has embarked on a digital transformation strategy of its own, including enhancing how it targets and engage Indonesia’s growing mass affluent customers with its Jenius digital/mobile banking app solution.

    According to BTPN, Jenius is a hybrid implementation that is digital at the core but leverages the bank’s physical outlets in a targeted way. Jenius has already seen strong take up, overachieving on BTPN’s original app download goals. It also has significant potential to grow given the penetration of smartphones in the region and the large underbanked population.

    Peterjan van Nieuwenhuizen, Head of Digital Banking at BTPN said, “BTPN is committed to pioneering banking to suit customer lifestyles. We have built a system [Jenius] that enables our customers to complete basic banking processes without going to the branch. With an expanding middle class and growing mobile internet use here, we saw the significant opportunity this creates for financial services. Our philosophy is ‘do good, do well’ and we want to embody that in all aspects of the bank. Our customers look to us for innovation and fast, efficient services.”

    Powering Jenius is Finastra’s FusionBanking Essence Digital platform, which according to Finastra removes complex banking processes, enabling the bank to create highly personalized and easy digital experiences for its customers. Fast and secure sign-up and authentication make banking on the move simple.

    In addition to meeting customer demand for multi-channel digital banking experiences, FusionBanking Essence Digital enables BTPN’s Jenius to attract better-priced funding and more deposits from a new market segment as well as to bring products to market faster. Modern software architecture has enabled the bank to quickly transform digital solutions into powerful sales engines and increase revenue opportunities. It will also enable it to continue evolving alongside the broadening digital landscape in Indonesia.

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  • BCA Wins Gallup Great Workplace Award for Second Time

    BCA Wins Gallup Great Workplace Award for Second Time

    Qualified and trained human capitals is an important aspect for Bank Central Asia, also known as BCA, in maintaining competitive advantage and in supporting business strategy.

    BCA constantly strives to improve human capital through a range of effective development programs and quality staff recruitment. On that commitment, BCA has again been chosen to be the only company from Indonesia to be awarded the Gallup Great Workplace Award.

    The award was presented by Head of Consulting Gallup, South-East Asia Taek Lee to BCA’s Vice President Director Armand Hartono at Hotel Indonesia Kempinski, Jakarta. Also present at the award ceremony was BCA Director Lianawaty Suwono and Head of Human Capital Management Division of BCA Hendra Tanumihardja.

    “Convenience, safety, and reliability are BCA’s top priorities when providing financial services to all BCA customers. We are determined to continue to be a leader in the national banking industry that contributes greatly to the Indonesian economy. BCA recognizes that the priorities and all of these business strategies rely on the support of qualified employees. To that end, BCA will continue to improve the competence of human capitals through coaching, training, and learning, “Armand said on Saturday (7/22).

    The company provides continuous training and development programs, instills performance-based work culture, and actively provides career development opportunities for 25,073 employees by 2016.

    These development programs are balanced with BCA’s efforts to build work-life balances to improve employee productivity and effectiveness. The Gallup Great Workplace Award received by BCA today is an appreciation of BCA’s commitment.

    The Gallup Great Workplace Award is an award initiated by Gallup’s strategic consulting firm. This award is an appreciation of the companies that succeeded in building a positive and productive work environment, helping the company achieve the best performance.

    It is also a differentiator between the Gallup Great Workplace Award with other awards, namely this award sees the relationship between engagement with the achievement of business companies/organizations.

    “The Gallup Great Workplace Award appreciates the company’s commitment to building workplaces that give employees energy and enthusiasm to work every day. We recognize that high engagement not only produces stronger business results, but also improves the welfare of every employee and their family. Employee wellbeing is the company’s essential contribution, “said Taek Lee, Head of Consulting Gallup, South-East Asia.

    Of companies worldwide meeting the criteria, only about 8 percent of companies are awarded the Gallup Great Workplace Award.

    This year, The Gallup Great Workplace Award is followed by companies from more than 30 industries, most of which come from the banking and insurance industries.

    In 2017 alone only 37 companies that get this predicate. Globally, the level of engagement among award winners is 70 percent and the ratio of between employees engaged with actively disengaged is 14:1.

    To achieve this award, companies follow the Employee Engagement Survey with employees of at least 50 employees with an 80 percent response rate. Companies earning an average grade of at least 4.4 out of 5, are eligible to be nominated for this award.

    Since its inception in 2007, BCA became the first indigenous Indonesian company to achieve GGWA in 2015 and maintain that achievement in 2017. BCA managed to get a response rate of 97 percent in Team Engagement Survey which is higher than the minimum response rate of 80 percent.

    BCA also managed to get the Team Engagement Survey score of 4.66, which is also higher than the minimum requirement of 4.4. In addition, the various Team Engagement programs conducted by the company helped boost business performance which is also one of the indicators of BCA’s victory.

    Various efforts were made by BCA to maintain a positive work environment. BCA will continue to refine human resource development programs in line with the development of the business environment and the needs of BCA.

    BCA will closely monitor the needs of human resources and continue recruitment and development efforts to prepare future generations of leaders as part of effective succession planning. BCA also consistently develops and introduces employee value proposition which is BCA’s values that emphasizes the principle of continuous improvement and friendly environment.

    “Investment in technology and infrastructure ensures BCA is able to provide reliable services through multi-channel network sharing while improving efficiency in various aspects of the business. Human capital investments are primarily in professional development and training programs, encouraging staff to work effectively and enabling BCA to provide customer service of the highest quality, “said Armand.