Rupiah depreciation squeezes Japanese manufacturers' profit

Rupiah depreciation squeezes Japanese manufacturers' profit

A previous JETRO survey conducted in August and September of last year found that over a third of Japanese companies in Indonesia projected an increase in profits this year and everything shifted after the war began.

<Rupiah depreciation squeezes Japanese manufacturers’ profit - Economy - The Jakarta Post>

Indonesian business lobby warns confusing policies sow 'dangerous distrust'

Indonesian business lobby warns confusing policies sow 'dangerous distrust'

Group calls for presidential 'breakthrough office' amid rupiah and market woes

<Indonesian business lobby warns confusing policies sow 'dangerous distrust' - Nikkei Asia>

Reluctance as govt pledges 6.5% wage hike next year

Reluctance as govt pledges 6.5% wage hike next year

The government's announcement last week that it will increase the minimum wage by 6.5 percent next year has been met with quiet acquiescence, with some labor groups still mulling plans to call off nationwide strikes and employers concerned with the impending impact on overhead costs and competitiveness.

<https://www.thejakartapost.com/indonesia/2024/12/01/reluctance-as-govt-pledges-6-5-wage-hike-next-year.html>

Foreign firms wary of more red tape from potential cabinet expansion

Foreign firms wary of more red tape from potential cabinet expansion

Talks of a potential cabinet expansion under the incoming government has left foreign businesses and experts leery of more red tape that could hamper Indonesia's ease of doing business as a result of unnecessary complexities in both regulatory and interinstitutional coordination.

<https://www.thejakartapost.com/business/2024/09/29/foreign-firms-wary-of-more-red-tape-from-potential-cabinet-expansion.html>

Informality in Indonesia and middle-income trap

Informality in Indonesia and middle-income trap

Before the COVID-19 pandemic, Indonesia progressed positively by driving down workers in the informal sector from 65 percent in 2007 to 56 percent in 2019. The tide has turned because of the pandemic, and as a result, the number of informal workers jumped to almost 80 million workers, or 59 percent of total employment in 2023.

<https://www.thejakartapost.com/business/2024/08/07/informality-in-indonesia-and-middle-income-trap.html>

Why the World Pay Attention to Indonesia(7)

Why the World Pay Attention to Indonesia

In addition, general map and information of Indonesia as well as simple Indonesian expressions are provided. From the bottom of my heart, I sincerely hope 'Why the World Pay Attention to Indonesia' will play a timely and meaningful role of narrowing distance between Indonesia and South Korea further. 

It couldn't be better if this publication will prove itself helpful to those South Korean businesses and young people dreaming of their future in Indonesia.

Strategy in Knowledge Management(1)

'Global Mando', Strategy is in Knowledge Management

It isn't too much to say that there are no companies which do not emphasize the importance of strategic management in their business. From functional and business strategies to organizational strategies, companies all around the world pay enormous attention to strategies on a daily basis.

It is because they suppose the success of business highly relies upon strategic management. Thus, they argue that companies must come up with and develop proper and timely strategies to achieve competitive advantages. 

This could explain why a huge number of companies seem so obsessed with strategies. In other words, to succeed in business, companies should create powerful strategies by all means. Otherwise, they even can’t guarantee survival in this era of fierce competition.

Knowing strategies definitely makes organizations to think and prepare for the future. All in all, strategic management already takes in the every aspects of corporate operation. The question is how an organization can execute it. 

Broadening Global Horizon and Building Up Rich Friendship(1)

Broadening Global Horizon and Building Up Rich Friendship(1)

Before coming to Hawaii, in my application forms to JAIMS(Japan-America Institute of Management Science), rough expectation on EWKLP(East-West Knowledge Leaders Program) went like this: EWKLP will be of great significance to me. By studying various subjects of business, I can not only deepen my knowledge but also harmonize my experience, as a journalist, with theory.

That could explain why lessons from EWKLP will lead me to make more profound articles on business practices. I have little doubt that 3 months in Hawaii will absolutely help me realize my lifetime goal, contributing myself to my country. In this time of financial crisis, insightful articles can make people happy. It can change the world, too. State-of-the-art business cases will also give new ideas to business leaders in Korea with whom I have had firm relationship. Interviews with CEOs and corporate management convinced me that they are dying for new and practical business principles.

In addition, EWKLP will serve a good chance to promote Korea to foreign friends. In spite of strong economic size and potentials, Korea is one of the undervalued countries in the global stage. Some business sectors such as semi-conductor, shipping and automobile industry, Korean companies are leading the world. By actively introducing Korean companies and their success stories to classes, I want to let EWKLP participants know more about Korea.

At the same time, I will do my best to be more aware of neighboring countries. These may create new business opportunities in the Asia-Pacific region after EWKLP students go back to their home. Amongst the participant countries, it is also anticipated that improved image on Korea will enhance nation-level relationship.