Indonesian Political, Business & Finance News

Plastics-man Tony named as business leader of the year

| Source: JP

Plastics-man Tony named as business leader of the year

The Jakarta Post, Jakarta

The chief executive of the country's largest plastic packaging
firm, Tony Tirtadjaja Hambali, has been named "Indonesia Business
Leader of the Year" and will represent Indonesia in CNBC Asia
Pacific's inaugural awards for the region.

The president director of PT Dynaplast, Tony received the top
honors from CNBC Asia Pacific late on Friday in recognition of
his ability to retain loyal customers, inspire and motivate
staff, grow profitability and turn corporate visions into
reality.

Meanwhile, Johannes Setijono, the president director of
pharmaceutical company PT Kalbe Farma, was named the "Indonesia
Innovator of the Year", for his achievements in new product
development and groundbreaking business processes, business
models and strategies.

Other winners of the Indonesia Business Leaders Award (IBLA)
were Maruli Gultom, the president director of plantation firm PT
Astra Agro Lestari, and Setyono Djuani Darmono, the chief
executive officer of industrial area management firm PT Kawasan
Industri Jababeka.

Maruli received the "Indonesia Corporate Citizen of the Year"
award for his outstanding contribution to the arts, education,
the environment and community development, while Setyono Djuandi
Darmono was "Indonesia CEO's Choice of the Year", based on a poll
conducted among top executives throughout Asia and the Pacific.

CNBC Asia Pacific presented the IBLA 2005 -- the fourth since
2001 -- with Bank Mandiri, in association with PT Astra
International business group, the University of Chicago Graduate
School of Business (GSB), and human resources consulting firm
Development Dimensions International.

The IBLA judging panel was headed by GSB's dean of executive
MBA programs, Professor Mark E. Zmijewski. Its members included
former minister of cooperatives and small- and medium-sized
enterprises, Subiakto Tjakrawerdaja, among others.

The panel chose the recipients based on an assessment of the
sales growth, operating margin, earnings-before-interest and
return on capital employed of the candidates' companies, and on a
face-to-face interview to understand their management style and
business visions.

Dynaplast currently controls 40 percent of Indonesia's plastic
packaging market share, with revenues totaling Rp 420 billion
(some US$42 million) until the period ended June 30 -- up 18
percent from Rp 356.14 billion during the same period last year.

Kalbe Farma, which controls 19 percent of the local
pharmaceutical market share, meanwhile, booked Rp 2.18 trillion
in sales and Rp 311 billion in net profit during the year's first
half, both up 33 percent and 40 percent, respectively, from the
previous year.

Speaking at the IBLA ceremony, Coordinating Minister for the
Economy Aburizal Bakrie hoped the awards would encourage local
businesses to become the main agents of development in the
country and lead the way in competing at the regional and
international levels

"The business sector should lead the way, with the government
playing the role of a good partner, supporting and creating the
possibilities for the business sector to flourish," he said.

The 2005 IBLA recipients will compete with other selected
business leaders from China, India, Japan, South Korea, Hong
Kong, Malaysia, Singapore, Thailand and the Philippines, at CNBC
Asia Pacific's Asia Business Leader Award on Nov. 9 in Kuala
Lumpur.

View JSON | Print