RGE representatives attend 2017 World Economic Forum on behalf of Chairman, Sukanto Tanoto

January 2017 saw RGE representatives Mr. Anderson Tanoto, Director of RGE and son of RGE founder, entrepreneur and business leader, Sukanto Tanoto, and Mr. Tey Wei Lin, RGE President, attend the World Economic Forum (WEF), which was hosted in the peaceful, alpine resort town of Davos, located in Graubünden, Switzerland.

This occasion marks the convergence of some of the world’s most successful business-people, entrepreneurs and sustainability champions. RGE attended forums and discussions on thought leadership, emerging trends, the world economy and how to bridge the gap between the private sector and government and non-government players to be a force for the greater good.

Attendees at Indonesia Night

Attendees at Indonesia Night

Since 2015, company Chairman, Sukanto Tanoto has encouraged that RGE become a vital participant in the forum that takes place at the WEF, in an effort to best understand emerging trends and how the private sector can work hand-in-hand with both government and non-government entities to be beneficial for the community, the country, the climate and the company – the vital ‘Four C’s’ that define all of RGE’s operations.

Anderson Tanoto’s Reflections

Focusing on the theme of the 2017 WEF in Davos, RGE Director, Anderson Tanoto expressed that ‘responsive and responsible leadership is required; leadership with a radar and a compass.’

Tanoto stated that as a leader and businessman he believes that in having a moral compass, being able to judge what is right and wrong means: ‘Having a compass of knowing what is the true north and still doing the right things while the world continues to evolve’. He went on to say that RGE invests in the ‘long term, not the next three to five years, but rather the next ten, 20 years, or even longer’.

RGE celebrates continued Indonesian Tradition

As is tradition at the WEF each year, RGE sponsored the highly auspicious occasion of Indonesian Night. In partnership with the Indonesian government and business community, Davos delegates were introduced to traditional cuisine, cultural performances as well as insights into the business outlook of Indonesia’s economy – rated the 10th largest in the world.

As diverse as all the business groups are, RGE and Mr. Tanoto celebrate tradition and the common thread, the Four C’s that connects all entities. To follow RGE’s sustainability initiatives, business updates and social responsibility projects throughout Indonesia, Mr. Tanoto invites you to follow him on: Facebook, Twitter, Tumblr or LinkedIn.

Anderson Tanoto’s Views on WEF East Asia and Future Progress in Indonesia

RGE Director Anderson Tanoto has recently been interviewed by CNBC to talk about the improving perspectives on future progress in Indonesia, as outlined at the recent World Economic Forum.

Taking a positive approach towards the current state of the country’s infrastructure, economy and efforts for attracting foreign continuously expanding local communities, Mr. Tanoto has emphasized the goals the country has already achieved, while talking about future plans for industry expansion.

 

Improved Infrastructure

One of the most important aspects that relate to both the well-being of the people in the area and the smooth operation of potential investors has to do with infrastructural growth.

The local government has been successful in putting into motion certain elements of growth, culminating with their vision of 35,000MW in terms of electricity production in the next few years. Mr. Tanoto has also pointed out that the RGE Group and their partners in the industry sector have already managed to build more than 3,000 km of roads in rural areas, where new and improved roads are extremely important.

He also stated that, while the prospect of building thousands of kilometers of roads and improving the electric grid can seem difficult at first, only the first steps are actually a problem. Sustainable infrastructural progress, however, backed by both industry and government leaders, have the possibility to turn these visions into reality within the next 3-7 years.

 

The Political Agenda in Indonesia

When it comes to politics, the WEF has proven that the Indonesian government and President Jokowi have the best intention for the country’s future growth, both in terms of building better infrastructure and addressing all the other challenges that people are facing today.

According to Anderson Tanoto, the situation is actually much more promising than most people would admit; as he has stated during the interview, “the politics in Indonesia have to be seen from the ground up.” Despite challenges related to the economy and infrastructure, confidence in the area is quite high and strong changes are expected, as many of the political figures currently in the government are younger individuals in their 30s and 40s.

The first concrete proof of the remarkable potential of the country is expected to be realized in just a few years, as the Indonesian economy holds strong and the government is willing to set changes in place that will set in motion the initiative for reaching the necessary sustainable goals.

 

Commodities and the Economy

Mr. Tanoto has emphasized the fact that any temporary setbacks when it comes to commodities and the local economy need to be viewed as cyclical and that potential investors will gain far more by looking at the overall picture for the next 3 years.

Also, while the currency is fluctuating, risk management plans are in place, as groups like RGE have a powerful strategy for managing loans in both domestic and foreign currencies; the company also has strong treasury teams operating in Jakarta, Singapore and Hong Kong.

As Anderson Tanoto finally pointed out, the demographics and macro-economic environment in Indonesia show a promising future and prospects are quite high for the next few years.