Forbes has signed a deal with media group PT Wahana Mediatama to launch Forbes Indonesia.
The magazine will be based in Jakarta and the first issue is slated to be published
later this year. Millie Stephanie, president director of Wahana Mediatama said: "Indonesia is ready for a world-class and independent business magazine. The editorial approach of Forbes is well matched with the growing sophistication and aspirations of the Indonesian business community."
William Adamopoulos, president and publisher of Forbes Asia, said this is an excellent time for Forbes to enter the Indonesian market. "With Indonesia's economy on a strong growth trajectory, the confidence of the country's entrepreneurs has never been higher. Indonesia's business story is exciting, and we look forward to telling that story in the pages of Forbes Indonesia."
Forbes has its flagship regional magazine, Forbes Asia, plus three other partnerships to publish more local editions: Forbes China, Forbes India and Forbes Korea.
According to Forbes, this amounts to a combined circulation of 360,000.