Bloomberg TV in Indonesia – how should businesses cope?

One for the record. Will this up the game for TV business news reporting in Indonesia? What would it mean for companies operating here? Do they need to have better media handling skills to take advantage of this development?

 

Bloomberg Television Expands to Indonesia, 21 Years After Bureau Opening | The Jakarta Globe.

Bloomberg LP will start broadcasting Bloomberg Television Indonesia in May, more than 20 years after the financial news and information giant opened a bureau in the world’s fourth-most populous country and Southeast Asia’s largest economy.

Andrew Lack, chief executive of Bloomberg Media Group, said that Indonesia had huge potential as a market for media content. Bloomberg LP established the Bloomberg Media Group — a combination of its television, print, radio, mobile and digital media properties — in 2011.

Indonesia’s economy grew 6.2 percent in 2012, among the fastest in the Asia-Pacific region and faster than developed economies in Europe and North America. Among the 10 Asean member states, only the Philippine economy expanded at a faster pace.

“When you are in the finance and business information business, you’ve been watching Indonesia in the past several years … I ask, ‘How do I get to Indonesia and how soon?’” Lack said on Thursday.

A survey by market researcher Nielsen in 2010 estimated that there were around 50 million TV viewers in Indonesia, of which around three million were pay TV viewers. Indonesia has a population of more than 240 million people. Bloomberg LP says on its website that the Bloomberg Television network is available in more than 310 million homes worldwide.

To set up its Indonesia operation, Bloomberg Television has formed a partnership with Idea Group, a media holding company backed by Recapital Group, which is headed by Sandiaga Uno and Rosan Roeslani. Idea Group was also behind the creation of the online marketplace Bukalapak.com.

Adithya Chandra Wardhana, the chief executive of Bloomberg Television Indonesia, said that it planned to work with existing broadcast companies in Indonesia on free-to-air, pay TV, Internet and mobile platforms.

Adithya said that the company had secured a deal with local regional television networks such as Jakarta TV in the capital region, Surabaya TV in East Java and Depok TV in West Java. Bloomberg Television Indonesia is also in talks with Makassar TV to provide content for the eastern part of the country.

Bloomberg Television Indonesia is also in talks with several major pay television networks, Adithya said, but declined to name them, as the deals have yet to be finalized. “We target middle-, upper-class and affluent audiences. We will be the only television network that specializes in business and financial news here,” he said.

“We will create business content in Bahasa Indonesia, about 80 percent local and 20 percent international.”

The company has recruited Kania Sutisnawinata and Tomy Tjokro, both of whom are former Metro TV news anchors, and 50 other journalists.

Bloomberg Television Indonesia will also air live from the Indonesia Stock Exchange every day to its global network, which is expected to benefit Indonesia.

“I think Indonesia will benefit most from the exposure that we bring,” said Parameshwaran Ravindranathan, head of Asia Pacific for Bloomberg Television, based in Hong Kong.

The vibrancy of The Jakarta Globe’s editorial pages

The vibrancy of a newspaper’s opinion page usually lies with the letters to the editor, arguing for or against a proffered opinion from its stable of writers.

By this measure The Jakarta Globe certainly has a vibrant editorial page, if only online.

The recent opinion piece by Berita Satu Media Holdings group publisher (below) is unorthodox, to say the least, in the ideas it expresses but the real gem there are the comments that its readers have posted. Not since the Globe’s Lady Gaga editorial has The Jakarta Globe attracted such diverse comments.

So Bravo Jakarta Globe for the vibrancy and efforts to keep free speech alive. Make sure you click on the link and go to the comments.

Letter to the Editor: For Jakarta Deputy Governor, a Post-Meeting Memo | The Jakarta Globe

Thursday afternoon, at around 6:15 p.m., was a painful moment for me, a resident of Jakarta who had the noble intention of meeting with his deputy governor to provide input on efforts to overcome the city’s many problems. I appreciated the fact that Deputy Governor Basuki Tjahaja Purnama clearly wanted to engage with citizens and had quickly agreed to the meeting. But the experience soon turned into a bitter one because of the inappropriate behavior of the deputy governor and the presence of individuals who were not officials but who appeared to have an exclusive right to be inside the working office of the deputy governor.

As a citizen hoping for a sign that there would be something different compared to the leadership of the previous governor, I came with ideas I thought worthy of consideration — such as a short-term answer to Jakarta’s notorious traffic congestion.

I am fully aware that I am no expert in city planning, or an expert in overcoming transportation problems. But as a resident of the city, I feel called to contribute to progress. The idea proposed may not have been a holistic solution, but a leader should at some point have the courage to make a decision, no matter how hard this is, rather than basking in a never-ending discourse. Residents are tired of hearing their leaders complain or blame each other. What residents are waiting for are breakthrough policies that could at least signal that there is an effort by the government to improve conditions.

Back to the atmosphere at the meeting that afternoon.

After some brief small talk, I presented the idea to help reduce congestion through vehicle-color-based restrictions on certain roads — an idea that I have presented on various occasions since 2010. For this Thursday afternoon, I had prepared a paper explaining this effort, which I was to hand over to the deputy governor after the brief presentation.

The gist of my thinking is that whatever the policy undertaken by the government, it should at least show the public that it has the courage to try and take steps that could be implemented in a brief period of time. The most logical solution, I think, is to manage the traffic based on a restriction on vehicles. Of course, the government should at the same time work hard to prepare a solution that is more holistic and long-term.

However, I had not even completed my explanation of the main points before the deputy governor interrupted to say that there already is an abundance of studies on how to alleviate the city’s congestion. Some in a regulatory form, others involving a rejuvenation of the fleet of city buses and also long-term solutions through better management of macro transportation patterns. But whichever choice is made, these are not short-term solutions, as all would need time. Each proposal has its own weakness and could prompt protests from the public if implemented.

I do understand what the deputy governor was saying about the difficulties the authorities were facing, but as a leader, it would have been great if the deputy governor had been able to listen enthusiastically and respectfully — paying full attention to his conversation partner and allowing him to make his point.

But what happened instead? The deputy governor’s warm and friendly welcome was quickly overshadowed by a situation that was certainly not worthy of a deputy governor and his close entourage. While I was explaining the reasons for the visit that afternoon — to try and help create short-term breakthroughs to curb traffic congestion — the deputy governor was busy typing on his BlackBerry.

I initially thought the deputy governor was busy processing my input, but it turned out that he was in fact communicating with others. Even more painful was that while the deputy governor was busy with his own thoughts, a member of his staff repeatedly interrupted the conversation and addressed the deputy governor using the “loe-gue” jargon for “you” and “me.” I really did not get the impression that I was in the office of a deputy governor. Civility and protocol were simply ignored. This is something that is unacceptable in our culture.

The deputy governor’s attempt to strive for egalitarianism, to not overly crave respect and to try to avoid excessive protocol is commendable and should be supported. However, this does not mean that in a civilized society, the deputy governor’s working environment can do away with the spirit of respecting the institution of a deputy governor as a symbol of leadership. The loe-gue jargon is perfectly acceptable in daily interaction, but it is not appropriate for use in the official environment of a leader like the capital city’s deputy governor.

The encounter offers a valuable lesson for those who have chosen to dedicate their lives to public service: learn to be a role model for the people, learn to listen. And stop complaining and blaming each other, because now is the time to really do something.

Peter F. Gontha is the group publisher of BeritaSatu Media Holdings, of which the Jakarta Globe is a part.

 

What is the end game for all social media investments?

Unspun was conducting a social media workshop recently when the topic settled on KPIs – Key Performance Indicators. The answer was simple but I could tell it was unsatisfying to the audience: it depends.

The audience wanted definite answers to tell them when they were getting their money’s worth if they poured money and resources into using social media to connect with their audiences. It would have been easy to pull one of the metrics suggested by off-the-shelf social media monitoring systems and tell them that that was it; or, try to convince them that hashtags and followers/fans are an indication; or even the by-now-ubiquitious “engagement” metrics mainly of comments to a Facebook posting.

The problem, however, was that we had decided to embark on the road less taken by many communications consultants: to tell the truth even when it can be inconvenient.

And the truth is simple. If you subject an organization or brand’s social media efforts to the question: “What is the end game of getting into social media?” the long-term answer must be “to build belief in the organization/brand.”

This is because on the Net, the audience has an overabundance of choice. The audience is also skeptical and  yet prone to what behavioral and cognitive scientists call System 1 Thinking. In less than a blink of an eye, if you are less than “trustworthy” you would have lost them, perhaps forever.

What this means for organizations and brands, more than ever, is for them to develop a distinct point of view — and, if you are old-fashioned, you could call it character — and use this as a compass to navigate themselves through the virtual sea.

Will this result in the organizations and brands increasing their sales? Not necessary. And this is the scary part for most business entities – to contemplate investing in social media that may not yield immediate bottom line results.

Yet what choice is there in a world dominated by the the Net where social media levels the playing field like never before and overwhelms its denizens with so much choice they have difficulty picking one from the other. Should trust be the new metric for social media?

Sandiaga Uno and his defense of the Bakries

They say there is a very thin line between bravery and folly.

Today we saw something extraordinary when investor/business man/poster-boy-for-the-next-generation-of-business leaders, Sandiaga Uno pinned his flag to the Bakrie/Bumi Plc mast with his opinion piece in The Jakarta Globe.

In doing so Sandiaga has gone where most people concerned about image making – their own and others’ – fear to thread. The reason is that the Bakrie empire seem to be one of the most unlikeable business entities, if casual anecdotes are anything to go by. At any rate Unspun’s not met any business person not beholden to the Bakries for a living to like them or extol their virtues.

Defending such a hugely unpopular business entity takes guts, or great folly. Sandiaga has done it and the reaction in Twitter has not been very favorable. But that may only be the gripes of the chattering class, so rather than pass judgement if Sandiaga Uno’s brave act is one of great judgement or misjudgment, its best to let the readers of this blog judge for themselves with the survey below:

 

 

 

Sandiaga Uno Says Bakries Are ‘Unfairly Portrayed’ | The Jakarta Globe.

A leading Indonesian businessman has come to the defense of the Bakrie family’s companies in their bitter corporate governance feud with British businessman Nathaniel Rothschild.

In a scathing opinion piece published exclusively in the Jakarta Globe today, Sandiaga S. Uno said the Bakrie-controlled companies had been treated unfairly by a slew of parties, including the media, corporate analysts and international rating agencies.

The colorful intervention by Sandiaga threatens to escalate the year-long feud.

The conflict dates back to the 2010 move by Rothschild and his London-listed energy company, now called Bumi Plc, to embrace two Indonesian units — Bumi Resources and Berau Coal Energy — controlled by the Bakrie family.

But relations had been fraying for a year and worsened last month when Bumi Plc announced it was conducting a probe into operations at the Indonesian companies, hinting at impropriety.

While no evidence of wrongdoing has been made public, the case has attracted international attention and put the spotlight on the gulf between corporate governance in Asia and in the West.

In his article, Sandiaga claims much of the coverage has been slanted against the Bakrie companies. “Many media outlets portray the Bakrie family as being on the defensive. As part-owners of Bumi Plc, the Bakrie family is unfairly portrayed almost as a bully who violates governance standards and regulations,” he wrote.

“I say ‘unfairly’ because this is not the first negative rumor surrounding the family. It is undeniable that the endless public allegations against the Bakries have never proved to be correct, but even so, the accusers have never apologized.”

He went on to attack market sources who made critical statements about the companies to the media but hid behind anonymity.

“It is sickening because those unnamed sources act as though they want to stay neutral and professional. Yet what they have added to this saga is at best speculation and at worst further confusion.”

He later attacked rating agency Moody’s, which downgraded its assessment of Bumi Resources in the midst of the conflict.

Sandiaga’s company Saratoga Capital has investments across the Indonesian economy, including stake in coal producer Adaro Energy, telecommunications company Tower Bersama and avaiation company Mandala Airlines.

In 1997, Sandiaga co-founded Recapital Advisors with high school friend Rosan Perkasa Roeslani. Rosan is a non-executive director at Bumi Plc and Recapital Advisors is affiliated with Bumi Resources, Berau and Bumi Plc.

On Tuesday, shares in Bumi Resources fell 1.5 percent to Rp 670, while shares in Berau fell 2.6 percent to Rp 147, lagging the 0.3 percent gain in the main stock gauge on the Indonesia Stock Exchange.

Walhi scores court victory in Aceh

Something for issues managers to watch out for: Walhi’s success in getting the Medan District Court to revoke a business permit by an oil company to mine in a peatland. Unfortunately, the story does not say whether there are other similar cases, make it difficult to ascertain whether such favorable decisions for environmentalists is part of a trend.

To Unspun’s knowledge, however, such victories by environmentalists against business are rare. Worth keeping a watch for cases like these.

Court grants Walhi appeal, cancels plantation permit in Aceh

Sita W. Dewi, The Jakarta Post, Jakarta

Aceh Governor Zaini Abdullah has been instructed to revoke a legally problematic business permit owned by oil company, PT Kallista Alam, which operates in the carbon-rich Tripa peat swamps in Nagan Raya regency, Aceh, by the Medan Administrative Court after granting an appeal filed by the Aceh chapter of the Indonesian Forum for the Environment (Walhi).

The permit was granted to the company by former Aceh governor Irwandi Yusuf on Aug. 25, 2011, contradicting Presidential Instruction No. 10/2011 on the moratorium of new permits in primary forests and peatland conversion areas.

Walhi Aceh’s executive director, Teuku Muhammad Zulfikar, applauded the verdict, which was signed by a panel of judges led by Arpani Mansur on Aug. 30, saying it was an important ruling supporting efforts to protect more than 61,000 hectares of Tripa peatland.

“We urge the Aceh governor to immediately follow up the verdict by revoking the company’s permit, as well as evaluating all permits owned by other oil palm companies operating in the area,” Zulfikar said in a statement made available to The Jakarta Post Digital on Wednesday.

Tripa peat swamp is peatland with a depth of three meters or more, meaning it is protected under a 1990 presidential decree.

PT Kallista Alam is also the subject of an ongoing investigation by the National Police for allegedly illegally burning the protected peat swamp to convert the area into an oil palm plantation, further threatening the ecosystem of about 200 orangutans that live in the area.

No comment on Carrefour pullout sends many messages, except a denial

Whenever we conduct media training for executives we tell them to never say “No Comment.”

The reason is simple. Whenever someone says “No Comment” the reporters and very often their readers automatically think that you have something to hide, or that you are trying to evade having to make a denial.

In the story below one of Indonesia’s richest men, Chairul Tanjung, is confronted by reporters about rumors that French retail giant Carrefour is likely to pull out of Indonesia and in that eventuality he may have to take over the entire equity of Carrefour here.

Tanjung’s response? “No Comment.” Now, what do you suppose he means by that?

CARREFOUR TINGGALKAN INDONESIA: Duh…Chairul Tanjung Irit Komentar | kabar24.com.

Linda T Silitonga

JAKARTA—Pemilik CT Corp Chairul Tanjung mau angkat bicara soal rumor kemungkinan peritel asal Prancis Carrefour meningggalkan Indonesia.

Chairul  hanya mengatakan jangan membicarakan soal mungkin atau tidak mungkin Carrefour meninggalkan Indonesia.

Entah apa makna yang tersirat dari kalimat yang terlontar dari pengusaha dengan tubuh tinggi besar tersebut.

“Jangan bicara soal mungkin, tak mungkin,” kata Chairul  ketika ditanyakan soal kemungkinan Carrefour hengkang dari Indonesia di bandara Halim Perdanakusuma, sesaat sebelum CT  meninggalkan Indonesia menuju Mongolia dan Rusia bersama rombongan Presiden Susilo Bambang Yudhoyono, Rabu (5/9).

Ketika ditanyakan apakah CT berminat  untuk menguasai 100% Carrefour jika rumor tersebut benar terjadi, dia tidak berkenan menjawabnya.

Begitu juga saat ditanyakan apakah Carrefour yang menjadi peritel raksasa 5 teratas dunia punya keinginan pergi dari Indonesia, Chairul juga tidak berkenan menjawabnya.

“No comment dulu,” kata Chairul,  lalu segera berlalu.

Seperti diketahui pemilik CT Corp, Chairul Tanjung berpeluang menambah porsi kepemilikan di PT Carrefour Indonesia, jika prinsipalnya melepas saham seperti dilakukan di Yunani.

Pelepasan saham Carrefour di Yunani dilakukan menyusul langkah penyehatan neraca keuangan jaringan hipermarketnya di Eropa yang membutuhkan pembiayaan sekitar 3 miliar euro.

Sebelumnya terbetik kabar Carrefour akan menutup dua gerainya di Singapura akhir tahun ini dan mungkin melakukan hal serupa di Polandia dan Turki. (JIBI/nj)

What’s in a name, when it still carries Semen?

This must qualify for one of Unspun‘s shit-for-brains tag. The Government wants to give state cement maker Semen Gresik a higher international profile.

So one of the thirst things it wants to do to make this happen is to change its name. Fair enough. Semen doesn’t exactly travel well when it crosses linguistic borders, especially in the lingua franca of international trade, English.

So in the tradition of solving the wrong problems precisely the Government is planning to change Semen Gresik’s name to – wait for it – Semen Indonesia!

Happy Friday and enjoy the weekend coming up.

Semen Gresik Eyes New Name, Higher Profile | The Jakarta Globe

.State Enterprises Minister Dahlan Iskan said Semen Gresik, the country’s biggest cement maker, would change its name to Semen Indonesia in an effort to raise its international profile.

The change must be approved by shareholders, which could happen in October or November, the minister said on Tuesday. After the change is official, Dwi Soetjipto, the president director of Semen Gresik, will become chief executive of Semen Indonesia.

Dahlan said President Susilo Bambang Yudhoyono had already signed off on the new name.

Semen Indonesia would group several cement makers, including Semen Padang, Semen Tonasa and Semen Rembang.

Dwi said the company was working to finalize the brand change, which he hoped would lift its international image and name recognition. All of the operational details that go along with the change should take about a year to complete, he added, without providing details.

 

The beginning of the end of the Globe?

Unspun was exceptionally skeptical of The Jakarta Globe when rumors began circulating of its imminent launch. At the heart of the skepticism were two questions:

Firstly, whether hard-nosed business like the Riyadis were prepared to keep pumping the huge amounts of investment into the paper before before can turn profitable (experts have speculated that this takes a minimum of five years)?

Secondly, would the Riyadis allow the type of hard hitting and/or incisive journalism that is required if you wanted to grow a viable newspaper?

Unspun’s skepticism then (this and other posts) led many journalists (who are usually the most defensive people when put under the spotlight) to brand Unspun a skeptic and cynic.

Fair comments and it looked for a time like they were right. Against Unspun’s initial predictions The Jakarta Globe actually began to look and read a lot better than its established rival, the grand old dame The Jakarta Post.

For a while there they had the Post on a run, even forcing the Post to redesign itself from a stodgy paper into a merely ugly paper (its new masthead has the looks only a mother could love).

Its stories also seemed more focussed and much better written. The Jakarta Globe also began to win awards, much more than The Jakarta Post, at least until two years ago.

Unspun was forced to eat humble pie, cancelled his subscription to the Post and signed up for The Globe. The Globe, it seemed, was settling into the right orbit.

Probably about three or four months ago, something began to get awry. The choice of news stories began to get wonky. The writing was still better than the Post but the quality was going down.

Then, a month or two ago the Globe sunk to a new low by changing its format from broadsheet to Berliner, a size slightly broader than the usual tabloid. The change in size is a fair move. (ironically, that format was what the original editors had recommended but wasn’t adopted for reasons unclear to Unspun). It saves paper and money and it is also more user friendly.

But along with the change also came a peculiar new sense. There was the front page story of a satellite launch by the Lippo Group (that owns the paper). It was news, but front page?

The front pages also seemed to adopt a magazine approach, splashing a large photo on the page with little teasers here and there. Unspun’s reaction is that if he wanted to read a magazine he would buy one, but he’d expect much more than a daily.

Then of course there is the famous Lady Gaga fiasco where the Jakarta Globe was not content to make a fool of itself editorial (see Did The Jakarta Globe’s editorial go gaga over Lady Gaga?); the next day it went one step further with an even more ludicrous defense of its editorial (see The Jakarta Globe mounts a defensive commentary on its editorial)

Readers may wonder why the Globe seems to be imploding when for a while it was going so well. Insiders claim that the backers were running out of money, hence the downsizing of the paper.

New people were also brought in to helm the paper and these new people didn’t care much about journalism or were patient enough to realize that good journalism can be viable, if you give it time and enough nurturing. They were in for the short term results and to stop the haemorrage.

So all the key people who started the paper and made it something to be reckoned with have been sidelined, ostensibly into other positions to increase the berita Satu offerings – but obviously so that they would no longer call the shots in Editorial at the Globe.

All this is a shame as some good competition would have kept the Jakarta Post on its toes and improved the state of journalism in this country. But there you have it. Given the choice between bread today and bread tomorrow and even the staunchest Christian might succumb to temptation.

Now Unspun has to eat humble pie again and cancel his subscription to the Globe and resubscribe to the Post. What other choice if there for the reader at home in the English language living in Indonesia?

CSV or CSR?

Corporate Social Responsibility is now an industry on itself. Like all industries where consultants owe their living to, the importance of CSR is talked up to death.

Yet CSR is often not what it is cracked up to be. Companies that invest much money in their CSR programs often still get attacked, criticized and sanctioned, sometimes by their people themselves they are supposed to be helping.

Unspun’s always thought that there’s something missing about the concept of CSR. It begins with the word “responsibility.” Responsibility is about doing something that you’re obliged to do. Whether you’re passionate about it, agree or disagree with it or committed or not to it is immaterial. How much sense does it take.

Then there is Creating Shared Value, a concept advanced by Michael Porter and Mark Kramer that starts from the viewpoint that a company can’t really proper unless the society surrounding it prospers as well. Put simply it believes that a rising tide rises all ships, so its in business’ interest to create that rising tide.

Seems to me to make more sense than CSR. Here’s a bit of the debate going on in The Jakarta Post today:

 

Still, some say corporations need to think of their social responsibility as more than just an afterthought. Nur Shilla Christianto, vice president of communication consultancy Maverick, questions the way many corporates in Indonesia run their CSR programs. “Some do it with the best of intentions, but mostly the CSR attempts sound contrived. This is partly because of the philosophical disconnect between CSR, which is essentially philanthropy, and the imperative of a business to make money,” she said.“What makes more sense than the concept of CSR is the concept of Creating Shared Values [CSV],” Shilla adds. “Unlike CSR, CSV starts off with the premise that a business should recognize that societal needs, not just conventional economic needs, define markets. It also recognizes that social harms or weaknesses often make a company less efficient and profitable.”

via Turning over a new leaf with a corporate green conscience | The Jakarta Post.

Diving Deep at Maverick

One of the values at my workplace, Maverick, is that “balance is vital to everything we do.”

To love up to those values we ass a company provide what we call a Personal Development Fund. The idea is this: after working with us for a year, provided you make the grade by being confirmed, you get up to a month’s salary to do something that you haven’t done before, or travel to somewhere you haven’t been to.

20120326-210206.jpg

The idea behind this is that we want to groom the best consultants in the communications business. The best consultants, in our view, are those people who not only are good at work but those who lead full, interesting lives. They are the ones with passion about a pastime or a hobby, or have an innate craving to satisfy their intellectual curiosity. The lead fully textured multidimensional lives and experiences, which they enrich the office and their work with.

I had the opportunity to watch two of my colleagues use their Personal Development Fund over the weekend and witness literally an expansion of their worlds from the merely terrestrial to a whole new world under water.

Jonathan and Sharon used their Personal Development Funds to pay for the crew pack, lessons and diving instruction to obtain their Open Water Diving Certification. It was their first real dive at Sepa Island just off Jakarta. Where diving sites go the Thousand Islands are only so-so when compared to other places, especially in East Indonesia but that was beside the point.

For the first time they discovered a world underwater, that silent, weightless and wonderful world filled with corals, fish and all sorts of critters. New world of experiences opened to them and and future adventures now beckon.

Will this make them better consultants in the long run? I believe so. In learning something as exotic as scuba diving they learned of many concepts such as buoyancy, safety, thermocline and a whole lot of stuff. And once they get into diving they will travel to many places and meet fellow divers from all walks of life and many countries. All the enriching stuff that is essential to make the compleat consultant.

One of the reasons that we introduced the Personal Development Fund is to help us retain people. It has not quite worked out that way. There are still some staff that use the PDF and then leave, or staff that refused to use the PDF for fear of being tied down to the company. The PDF, however, has worked for us in another way. It acts as a filtering mechanism. Those who are adventurous and appreciate the fact that their workplace would encourage them to expand their horizons inevitably stay; the less adventurous or those short of intellectual curiosity cannot see the point of it and leave.

Another side benefit is that when word of benefits like the Personal DEvelopment Fund get around we get very interesting characters who apply to work at maverick (BTW we are constantly looking for the best talents in communications, so if you’re looking pop us a line at recruitment@maverick.co.id).

The Personal Development Fund, it would seem, works in mysterious ways but one thing is for sure – it helps us in our mission to groom the best consultants in the market.

Watch the watches

Unspun some time ago marveled at the timepiece, that looked like a Richard Mille, worn by then Police Chief Bambang Hendarso Danuri when he was denying corruption charges against the police.

Time passed (you can see the puns coming in this posting, can’t you?) and recently Indonesia’s lawmakers were taken to task for their sporting of Rolex watches, expensive but obviously not in the same league as the Police Chief.

Here’s a report from Indonesia today on the latest slap on the wrist:

People

TUESDAY, 28 FEBRUARY 2012 19:21
WRITTEN BY HARYANTO SUHARMAN
JAKARTA, Indonesia Today – Public discussed intensely about luxurious lifestyle of Indonesian lawmakers. The discussion was triggered by confessions of several lawmakers wearing Rolex, a luxurious branded watch.

Ruhut Sitompul, lawmaker from President SBY’s Demokrat Party, has confessed that he already used Rolex watch with price tag of Rp450 million. According to Ruhut, he bought Rolex Yacht Master II when he served as a lawyer in 2007. Ruhut believed that there are many lawmakers wearing Rolex like him. “If lawmakers wear it (Rolex), it’s appropriate,” said Ruhut this morning (Feb 28).

Anis Matta, PKS lawmaker, also admitted that he wears Rolex he bought around 4-5 years ago for Rp70 million. “It’s more about functions. Rolex watch is only an accessory, not a hobby,” said Anis, who is also deputy House Speaker.

Golkar lawmaker, Bambang Soesatyo, who is famous for riding Bentley, however, admitted of wearing only US$1,000 watches.

What people say about Lawmakers with Rolex. Here are some comments of them:

“That’s why its name is DPR = Dewan Perwakilan Rolex (read: House of Rolex Representatives),” said one reader jokingly.

“It’s only diverting public attention from corruption issues,” said another reader reminded.

“Bloody Bastard you corruptors,” told another reader angrily.

“It’s impossible if they bought it with their salaries,” one twitter account accused.

“How pathetic!” another twitter account protested.

“Okay it’s your rights, but that’s not wise,” another twitter account complained.

“Rolex?! It’s elegant, really?! I think the lawmakers do not know about Louis Moinet and Bell & Ross,” another twitter account jokingly suggested.

“I bet they never heard of Hublot! Hahaa,”  said another twitter account.

It’s not the first time public have criticized lawmaker’s luxurious lifestyle. Public previously criticized lawmakers for their luxurious cars. (haryanto@theindonesiatoday.com)

What is it with Indonesian officials and politicians and the need to flaunt their wealth that they would never make if they earned only an honest salary? Time after time, they show off their ill gotten and with seemingly impunity. Why has no government agency investigated them for carrying so much money on their wrists?