English Language Archives

DECARBONIZATION JOURNEY: REGIONAL SERVICE CENTER

ABSTRACT Climate change requires businesses to take concrete steps towards decarbonization as a form of responsibility for the future. This article discusses corporate decarbonization strategies in response to the climate crisis. The SW Sustainability Center assists companies through education, assessment, and implementation of ESG-based strategies. Offshoring and ESG-as-a-service approaches expand access to solutions across borders. … Read more

REGULATION OF MINIMUM WAGE

ABSTRACT This article discusses the latest minimum wage regulations in Indonesia, especially after the issuance of the Minister of Manpower Regulation Number 16 of 2024, which sets a 6.5% increase in the national minimum wage in 2025. This policy is a follow-up to the Constitutional Court Decision No. 168/PUU-XXI/2023, which emphasizes the importance of calculating … Read more

INFORMATION TECHNOLOGY OFFSHORING

ABSTRACT Along with the increasing demands for efficiency, speed, and flexibility in providing Information Technology (IT) services, SW Indonesia has taken the initiative to establish an office that focuses on IT offshoring services. SW Indonesia through a white-label approach becomes an effective and sustainable solution to bridge the gap in capacity, project scale, and cost … Read more

FINANCIAL DUE DILIGENCE

ABSTRACT Financial Due Diligence (FDD) is a critical process in strategic corporate actions such as mergers, acquisitions, and investments. It aims to assess a company’s financial health, uncover hidden risks, and evaluate transaction feasibility. The process involves analyzing assets, liabilities, cash flows, and compliance with accounting standards. FDD benefits both buyers and sellers by enhancing … Read more

EMPLOYEE INCOME TAX

ABSTRACT Tax regulations in Indonesia regulate the withholding of Income Tax Article 21 for income received by employees. Income Tax Article 21 is a tax withheld from income in connection with work, services, or activities by name and in any form received or obtained by domestic individual taxpayers. Income Tax Article 21 deductions must be … Read more

STATUTORY AUDIT

ABSTRACT In the Due Diligence (DD) process, professionals performing various kinds of DD request the results of an Audit of Historical Financial Statements, or commonly referred to as a Statutory Audit. A statutory audit is a legally required review of a company’s financial statements and records, conducted by an independent external auditor to determine whether … Read more

DECARBONIZATION MEASUREMENT SYSTEM: TECHNOLOGY UTILIZATION

ABSTRACT This article highlights the role of SW Sustainability Center in advancing decarbonization initiatives through technology-driven measurement systems. By developing comprehensive Decarbonization Rating Reports, SW Sustainability Center supports companies in tracking carbon emissions across Scope 1, 2, and 3, ensuring alignment with global sustainability standards. SW also facilitates certification processes, helping businesses comply with international … Read more

COMPLIANCE OVERSIGHT ON CRYPTO & DIGITAL ASSETS

ABSTRACT This article discusses the compliance oversight of crypto assets and digital financial assets in Indonesia, which will undergo a regulatory transition from Bappebti to OJK and Bank Indonesia starting January 10, 2025. Although investments in digital financial assets hold significant potential, high volatility and security risks remain the biggest challenges to address. The transition to … Read more

FINANCIAL REPORTING SYSTEM: HOW TO REVIEW THE CONTROL

ABSTRACT Cybersecurity, regulatory compliance, and operational efficiency in the banking sector confronts significant issues and difficulties in the present digitalizing era. The strength of using information technology (IT) controls including penetration testing, encryption, and Zero Trust Architecture to increase resilience against cyber threats explains the banking industry’s compliance with regulations including Basel II and III, … Read more

FAMILY BUSINESS STRATEGY: NEARSHORING IN SOUTHEAST ASIA

ABSTRACT This article highlights nearshoring strategies as a new approach to support the growth and management of family businesses in Southeast Asia. In this context, SW Singapore and SW Indonesia have built a collaborative partnership to deliver more integrated, efficient, and globally oriented services for family business clients. While family businesses play a dominant role … Read more

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