Five local firms win management awards

Five local firms win management awards

JAKARTA (JP): Five Indonesian companies have won the 1994
Asian Management Awards from the Manila-based Institute of
Management and the Hong Kong-based Far Eastern Economic Review
magazine, Ricardo A. Lim, one of the judges, announced.

The five companies, which received the awards in a ceremony at
the Hilton hotel here last night, were the state-owned domestic
telecommunications company PT Telkom (which won the award for
financial management), oil company PT Caltex Indonesia (for
people development and management), automotive company PT Astra
International (for general management), taxi company Blue Bird
(for operations management) and pharmacy company PT Kalbe Farma
(for marketing management).

The five award winners competed against 1,044 nominees from
all over Indonesia.

The Asian Management Awards received a total of 9,778
nominations this year, up from over 7,500 nominations last year.

All the participating countries, Indonesia, Hong Kong,
Malaysia, the Philippines, Singapore and Thailand, had their own
awards.

Astra International's award was its fifth in the past four
years. Telkom got its second after winning in the people
development and management category in 1991.

Caltex Indonesia's president, Baihaki H. Hakim, said the award
acknowledges the role of Indonesians in managing the company,
especially in people development management.

He said that the U.S.-based oil company Caltex was the first
foreign company to appoint an Indonesian as its top executive
officer in 1966.

Caltex has replaced a number of expatriates with Indonesian
employees. In 1960, only 176 of its 4,009 employees were
Indonesian managers. By 1990, at the height of the company's
steam flood project, it had 1,486 Indonesian managers and only 94
expatriates.

Hagianto Kumala of Astra International said the company's
success in winning the awards lies in its human resource
development. (04)