Forbes Indonesia - July 2019

6 | FORBES INDONESIA JULY 2019

ENTREPRENEURS

64 | LEGAL VIEW // Eddy Leks

Arrangements Resembling Trusts under

Indonesian Land Law

65 | DELIVERING INFRASTRUCTURE // Raj Kannan

Human Capital Development – A case for 10 ITBs

66 | A MAN, A CAN, A PLAN

John Hayes, the chief executive of venerable jar maker Ball,

has abandoned glass and plastic. Is he crazy—or just ahead of

his time?

BY KRISTIN STOLLER

68 | BITTERSWEET SUCCESS

As their father lay dying, the 13 Keith siblings took his recipe

for a snack no one could sell—a refrigerated protein bar—and

built it into a $300 million startup.

BY CHLOE SORVINO

71 | A KINDER KKR

The original barbarians see the virtue in being virtuous.

FORBES LIFE

74 | THE NBA’S MOST VALUABLE TEAMS

Pro basketball’s growth continues to outpace that of the U.S.’

other major sports leagues.

BY KURT BADENHAUSEN, MICHAEL K. OZANIAN AND CHRISTINA SETTIMI

76 | THE EYE

Contents JULY 2019

38

34 42

40

46

LOCAL CHAMPIONS

32 | GLOBAL VIEWPOINT // Chandra Tjan

Can (or Should) Our Local Tech Companies Go Public?

34 | SEEDS OF SUCCESS

Seed producer Bisi International is already the market leader

in the maize seed business, but it still

has ambitious plans for growth.

BY ARDIAN WIBISONO

38 | BREWING UP

With Savis Tea, Lily Gunawan seeks to grab market for

Indonesian premium tea.

BY MARELLA PUTRI

40 | BEAUTY DISRUPTOR

Using the internet and social media, PT Avo Innovation

& Technology has gained rapid traction in selling beauty

products.

BY ESTER CHRISTINE NATALIA

42 | ULTIMATE GOAL

Bali United is the first football club in Southeast Asia to go

public. Similar steps by others could improve the country’s

football industry.

BY ULISARI ESLITA

46 | PRIDE OF PURWOKERTO

Amir Sudjono is trying to raise the profile of his hometown

Purwokerto by selling coconut sugar and false eyelashes on

the global market

BY ULISARI ESLITA