The mind-set of the Indonesian businessman that once he is rich enough to ride in a Mercedes he has done all he needs to do must change in the face of globalised trade and competition, Yogyakarta Governor Sri Sultan Hamengkubuwono X told the Europe-Indonesia Association (EIA) business lunch in Jakarta on 10th June.
"If our CEOs can use a Mercedes, they are already satisfied. They cannot build industries with the mind-set that they feel they can just depend on external factors."
The Sultan told the luncheon hosted by BritCham that while foreign investment was important, the local business community had to accept that the best way to proceed was to develop industries that made far greater use of domestic components.
In a 30-minute address through a translator, the Sultan began by stating that Indonesia faced many problems at this time. All had to be faced if the nation was not to disintegrate.

SBA News

EIA has a business lunch on Tuesday June 10 at Intercontinental Mid-Plaza Hotel with the sultan and governor of Yogyakarta as quest speaker. You can read more about this at our web site www.sba.or.id. The Swedish national day celebrations has been cancelled due to the Aceh issue.

SBA News

In our board meeting on April 28, the painting was taken by Michael Olsson. Other points in the meeting, more than confirm election and minutes of our annual meeting, was the EIA activities. The EIA are trying to activate itself and have a series of business luncheons during the year. The next lunch will be on May 22 and have the Sultan of Yogyakarta as quest speaker. If you are interested to attend, please let me know and I will forward further information when available.

SBA News
We will have a board meeting on April 28, 16.00 at the Swedish Embassy. We still have a few paintings to share so for the voting members, it's a must. EIA has invited us to a business lunch on April 23 and if you are interested, please contact Per Brandt (per.brandt@perstorps.com).

SBA News
Our annual meeting as been held at Aryaduta as planned. The report and audit was approved and filed. The election gave the following board; Chairman: Per Brandt, Vice Chairman: Ilpo Saarisivu, Treasurer: Per Turesson, Secretary: Michael Olsson, Ordinary Members: All voting members, Member deputies: All nonvoting and private members. Our lottery of Swedish paintings got me as winner. I am now the happy owner of a Swedish landscape akvarell... ;-)