The Forbes 2000

The forbes 2000 lists for 2004 is out. 7 Indonesian companies are included in the list. Very dissapointing. Out of the seven, three of them are banks (mandiri, bca, bni). The other two are cigarettes (sampoerna and gudang garam), then the monopolistic telkom, and astra.

Apart from astra, none of them are really internationally acclaimed. Most of them I believe profit from the fact that Indonesia is a large country with a large population.

Another interesting aspect. The normal profit range is 10% of sales. Except telkom which has 40% profit compared to sales. :)...