Jasa Marga Finance Director was Crowned as “The Best Overall CFO” in the Prestigious Bisnis Indonesia SOE CFO Award of ​2019

4/5/2019 10:54:48 AM


PT JASA MARGA (Persero) Tbk

Number : 47/2019 Dated March 27, 2019

Jasa Marga Finance Director was Crowned as “The Best Overall CFO” in the Prestigious Bisnis Indonesia SOE CFO Award of ​2019

Jakarta (03/27) - Bisnis Indonesia crowned PT Jasa Marga (Persero) Tbk. Finance Director Donny Arsal as "The Best Overall CFO" in the prestigious Bisnis indonesia SOE CFO Award of 2019.

Donny Arsal was acknowledged as a distinguished CFO for generating innovative funds to fund Jasa Marga's massive expansion, while maintaining profitability.

Jasa Marga's new alternative fundings were the first in Indonesia - Toll Revenue Securitization, Project Bond and Komodo Bond (Global IDR Bond)  to name a few.

The Jury selected up to 115 SOE CFO to win 5 (five) awards - Best CFO in Sustainable Growth, Best CFO in Compliance and Governance, Best CFO in Corporate Restructuring, Best CFO in Transforming Finance and Best Overall CFO.

After receiving the award at JW Marriott Hotel, Jakarta, on Tuesday, March 26, Donny Arsal acknowledged the role of Jasa Marga's employees in earning ​the honour​​.

“I am very grateful for the award bestowed upon me.  However this is not the result of my own accomplishment, but the synergy in the team of Jasa Marga which made it all possible,” he declared.

He thanked everyone's support and encouragement. Jasa Marga managed to realize its commitment of developing infrastructures for national advancement.

Bisnis Indonesia raised the theme “Commitment to Build the Nation” to honour the SOE CFO who have generated their company's transformation and development amidst economic challenges.

Bisnis Indonesia Operation Director and News Arief Budi Susilo also stresses the significance of CFO in an SOE.

SOEs Transformation will only be feasible with a persistent CFO who consistently supports transformational strategies to compete both domestically and worldwide,” he added.

Last February, Jasa Marga received IFR Asia Awards of 2018 for the category of Indonesia Best Capital Markets Deal.  Jasa Marga's funding scheme, Komodo Bond, was considered to have successfully attracted investments to fund national infrastructures, particularly toll roads.

Komodo Bond is one of Jasa Marga's five funding scheme breakthroughs, which was globally issued for the first time ​on November 30, 2017, and successfully generated the first rupiah-denominated bond with an up to Rp 4-trillion value. The Bond was considered to provide new assets for global investors and alternatives for funding Asian infrastructures.
For more information, please contact:
Irra Susiyanti
Corporate Communication Department Head
PT Jasa Marga (Persero) Tbk
Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550
​Tel. (021) 841 3526 / ext. 117/118​