Board Of Commissioners Report

Assalamu’alaikum Warahmatullahi Wabarakatuh.


Dear respected Stakeholders,

The economic and political conditions in 2018 were still volatile in Indonesia. The Indonesian economy indicated a positive and improved conditions, growing 5.17% from 5.07% in the previous year. Although the national economy increased slightly, the Indonesia’s tourism sector has recorded good growth and was still the mainstay sector to improve  the trade balance of Indonesia.

The positive impact of the 10 tourist destinations program launched by the Government has opened a new opportunity for the hospitality industry.

For the Company’s performance that quite satisfying in 2018, the Board of Commissioners gives appreciation to the Company’s Board of Directors which has been able to face the challenges of the economy in 2018 with revenue increase and to revamp itself as well as to make improvement of quality services to gain consumer satisfaction. Here, the  Board  of Commissioners sees the effectiveness of the  efforts carried out by the Company’s Board of Directors.


In carrying out its duties and responsibilities, the Board of Commissioners is assisted by two supervisory committees, consisting of Audit Committee and Nomination and Remuneration Committee. In its role and responsibility, the Audit Committee supervises the implementation of GCG principles, and  the Nomination and Remuneration Committee is responsible for providing recommendations to the Board  of Commissioners regarding the nomination and  remuneration of the members of the Board of Commissioners and Board of Directors. Based on the Board of Commissioners’ evaluation, the Committees has carried out their duties and  responsibilities very well and  in accordance with the principles of GCG.
 

The Board  of Commissioners conducts regular meetings every 2 months with the Board of Directors, where this becomes a means for the Board  of Commissioners to  provide inputs and advices on business activities managed by the  Board  of Directors.  The synergy that has been  built  between the  Board  of Directors and the Board  of Commissioners is  the  main strength to allow the application of transparency and accountability. 


Although 2019 is a political year and predicted has many challenges, the  Board of Commissioners is confident that  the political year keeps consumption and investment maintained so that the target of increasing revenue growth by 20% in 2019 projected by the Board  of Directors is realistic. Some efforts that have been conducted is expected to give impact  on the  business managed by the Company.


Finally, the Board  of Commissioners gives the highest rating and appreciation for 2018 to the Board  of Directors for the hard  work and  dedication of the  Board  and  its management. We thank you the Shareholders for the supports and trusts given so far.

 

Wassalamu’alaikum Warahmatullohi Wabarakatuh

Office Location
Sahid Building 2nd Floor Southwing
Jl. Jenderal Sudirman 86
Jakarta 10220 - Indonesia
Phone : +6221 - 5704444
Fax : +6221 - 5731460