Multinational businesses cannot be separated from efficient banking and logistics support. Understanding of integrated banking and logistics services is a game-changing factor, which determines the growth of investment in other countries. The International Conference of Chinese Companies in Indonesia 2023 (IC3 Indonesia 2023) was hosted by SW Indonesia, in collaboration with Bank ICBC Indonesia and … Read more
SW International Partners Conference 2023 (SWIPC 2023) invited Expert in Information Technology and Digital Transformation, Prof. Richardus Eko Indrajit, PhD., as an expert speaker to provide the latest situation of the business environment in Indonesia – with material of “Digital Innovation”. The presentation of complex material across disciplines is presented in English language with practical … Read more
President of the Republic of Indonesia, Joko Widodo, led the groundbreaking ceremony for the 6th phase of the construction of the Nusantara Capital City (IKN) on April 4-5, 2024. The groundbreaking for phase 6 is part of the development of IKN that began in September 2022. In this event, the president was accompanied by the … Read more
The relocation of the National Capital (IKN) is a strategy to achieve Indonesia’s 2045 economic target of more inclusive and equitable economic growth through accelerated development of Eastern Indonesia. This aims to reduce the disparity between Eastern Indonesia (KTI) and Western Indonesia (KBI), particularly between Java and areas outside Java. Development Policy Directions for Nusantara … Read more
In business activities, a company may borrow money from other companies. These borrowings can be obtained from banks, non-bank financial institutions or other companies – third party and/or related party. Borrowing funds are used to finance working capital or capital expenditure, in order to maintain business continuity and/or accelerate business growth. In accordance with the … Read more
Electric vehicles (EVs), or Electric Motor Vehicles (EMVs), are part of Indonesia’s mitigation actions. To meet the emission reduction targets under Indonesia’s Nationally Defined Contribution (NDC), electric two-wheelers (E2Ws) are expected to reach 1.8 million by 2025 and 13 million by 2030. Meanwhile, electric four-wheelers (E4Ws) are targeted to reach 0.4 million by 2025 and … Read more
The transportation sector is currently transitioning from fossil fuels to more environmentally friendly electric energy, as this sector is one of the largest contributors to greenhouse gas emissions. The use of electric vehicles is rapidly growing, with the largest market in China, followed by Europe and the United States. The development of electric vehicles heavily … Read more
MINISTRY OF FINANCE REGULATIONS NO. 7 YEAR 2024 (PMK 7/2024) CONCERNING VALUE ADDED TAX ON SUPPLIES OF LANDED HOUSES AND FLAT UNITS BORNE BY THE GOVERNMENT FOR THE 2024 FISCAL YEAR To increase Indonesia’s economic growth and to stimulate public interest to spend in housing sector, the government show the support to provide fiscal incentives … Read more
The accounting treatment for borrowing costs generally requires direct recognition of borrowing costs, in the form of interest expense, in the income statement. However accounting standards allow interest expense on loans to be capitalized, meaning that it is directly attributable to the acquisition, construction or production of qualifying assets. Scope of accounting standards are applied … Read more
The independent auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. Auditor independence refers to the impartiality and objectivity of an auditor in conducting an audit, free from conflicts of interest and bias. It … Read more
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