The Paris Agreement aims to limit global temperature rise to below 2ºC, with efforts to cap it at 1.5ºC. However, current actions could lead to a 2.7ºC rise by the end of the century, underscoring the need for significant investment and market adjustments. As the urgency grows, carbon markets are becoming crucial in...
Four-fifths (80%) of asset and wealth management (AWM) organisations say disruptive technologies such as AI will fuel revenue growth, with those moving quickly to adopt ‘tech-as-a-service' potentially seeing a 12% boost to revenues by 2028, according to PwC analysis.
In 2021-2022, Indonesia reached its transaction value peak in the past decade, where the dealmakers are focusing on smaller transaction value. The trend persisted in 2023 however undergone significant decline influenced by various factors such as macro-economic challenges of interest rate cuts by the US Federal Reserve...
The pressure is on for companies to turn AI investment into impact, according to PwC’s 2024 Global Investor Survey. 73% of investors say companies should deploy AI solutions at scale, as overwhelmingly 66% expect the companies they invest in to deliver productivity increases from AI over the next 12 months, with 63%...
Following the recent introduction of POJK No.15/2024 by the Otoritas Jasa Keuangan (OJK), which enforces strict financial reporting standards for banks, PwC Indonesia has published an in-depth thought leadership piece, “Signifikansi Internal Controls over Financial Reporting (ICOFR) dalam Lingkungan Regulasi di...
In recent years, the Asia Pacific electric vehicle (EV) industry has surged. China tops in usage and production, Japan excels in hybrid sales, and India's market is catching up. In Indonesia, the shift to EVs has shown positive traction.
Jakarta, 5 November 2024 – For the 12 months ending 30 June 2024, PwC firms around the world reported record gross revenues of US$55.4 billion over the FY23 gross revenues of US$53.1 billion.
Indonesia Australia Partnership for Infrastructure (KIAT/Kemitraan Indonesia Australia untuk Infrastruktur) has appointed PT PricewaterhouseCoopers Indonesia Advisory (PwC) as the consultancy firm to assist KIAT in the delivery of the Public-Private Partnership (PPP) Project Preparation Facility (PPF) activity.
PwC is inviting interested organisations to submit an Expression of Interest (“EOI”) for the PPF activity to support potential Government Contracting Agencies (“GCAs”) in project preparation and transaction documents preparation for selected PPP projects.
Carbon intensity decreased by just 1.02% in 2023, the smallest drop since 2011, according to new analysis from PwC. This slowdown highlights a troubling stall in efforts to decouple economic growth from carbon emissions.
Among over 56,600 workers across 50 countries and territories, including Indonesia, many are prioritising long-term skills growth to accelerate their careers amid rising workloads and increased workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, conducted in March 2024.
Globally Generative AI (GenAI) is revolutionising the way we work, enabling new and innovative business models. To harness its full potential, businesses need to understand what GenAI can do and what it cannot, need to have the right GenAI implementation strategy, build new skills, and use it responsibly. This...
The Shariah segment, integral to Indonesia’s financial sector, presents vast market potential, driven by increasing Shariah financial literacy, which surged from 9% to 39% between 2022 and 2023.
Jakarta, 13 September 2024 – PT PricewaterhouseCoopers Indonesia Advisory (PwC) is proud to announce its appointment by Indonesia Australia Partnership for Infrastructure (KIAT/Kemitraan Indonesia Australia untuk Infrastruktur) to assist in the delivery of the Public-Private Partnership (PPP) Project Preparation...
Today, PwC Indonesia, in collaboration with the Indonesia Carbon Trade Association (IDCTA), held a seminar titled "The EU Carbon Border Adjustment Mechanism (CBAM): Implications to Indonesian Exporters and Their Supply Chains." The enactment of CBAM aims to reduce greenhouse gas emissions by placing a price on certain...
Jakarta, 8 August 2024 – Corporate focus on cybersecurity has deepened over the years in Asia Pacific. In most companies, cybersecurity budgets are set to expand further in 2024, according to PwC’s 2024 Digital Trust Insights: Asia Pacific report. This report is the Asia Pacific cut of PwC’s flagship Global Digital...
Jakarta, 22 July 2024 - Despite economic headwinds, technological disruption and increased geographic and industry competition, the global entertainment & media (E&M) industry has continued to grow in 2023, with total revenues rising 5% in 2023 to US$2.8 trillion - outpacing overall economic growth cited by the IMF -...
PwC Indonesia was appointed as one of the knowledge partners for the Intelligent Transportation System (ITS) Asia Pacific Forum 2024, held by the Ministry of Transport of the Republic of Indonesia. The forum served as a significant platform for smart mobility developers and the development of the digital transportation...
Indonesia is targeting 5.2% economic growth in 2024, potentially driven by consumption and investment, as highlighted in PwC Indonesia's latest Economic Update. The report presents mixed sentiments in both the global and Indonesian economies.
Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labour productivity, according to PwC’s inaugural 2024 Global AI Jobs Barometer.
KAP Tanudiredja, Wibisana, Rintis & Rekan has changed its name to KAP Rintis, Jumadi, Rianto & Rekan effective from 16 May 2024.
Cyber and digital technology risks are a key concern for businesses and risk leaders in 2023, even as 60% see GenAI as an opportunity for their businesses, according to PwC’s 2023 Global Risk Survey.
Jakarta - In 2023, global IPO activity amounted to US$121 billion from 1,047 IPOs, marking a 31% decrease from the previous year, which saw US$173.3 billion funds raised from 1,154 IPOs. China emerged as the largest market, raising US$45.3 billion, followed by the United States of America with US$24 billion and India...
Jakarta - PwC today announced it received an SAP® APJ Award for Partner Excellence 2024 for outstanding achievement in the fields of RISE with SAP S/4HANA, SAP S/4HANA Public Cloud and Intelligent spend and Business Network.
Jakarta - More than nine in ten investors (94%) believe corporate reporting on sustainability performance contains unsupported claims, according to PwC’s 2023 Global Investor Survey.
PwC’s “27th Annual Global CEO Survey” suggests that the vast majority of CEOs globally and in Asia Pacific including Indonesia, are already taking some steps toward business reinvention.
Jakarta - PwC launched a new report “Global Supply Chains: The Race to Rebalance” at the Asia-Pacific Economic Cooperation (APEC) CEO Summit 2023 in San Francisco, where PwC is once again the exclusive Knowledge Partner.
Jakarta - Following The Indonesia Financial Services Authority’s (Otoritas Jasa Keuangan/OJK) regulatory requirement reflected in POJK 67/2016, Indonesia’s financial services sector required a minimum capital standard for insurance and reinsurance companies.
Jakarta - PwC’s 2024 Global Digital Trust Insights survey found that the proportion of businesses that have experienced a data breach of more than US$1M has increased significantly from year over year by a third - from 27% to 36%.
Jakarta - For the global entertainment & media (E&M) industry, 2022 marked an important inflection point. Total industry revenue rose 5.4% in 2022 to US$2.32 trillion – a sharp deceleration from the 10.6% growth rate in 2021 when economies and industries were recovering from the onset of the COVID-19 pandemic.
Jakarta - PwC Indonesia released its Indonesia Electric Vehicle Consumer Survey 2023 to offer our audiences unique insight into Indonesian consumer’s readiness for electric cars and motorcycles (EVs), shedding a light on the potential future of the industry.
Jakarta - As the world continues to address wide-ranging sustainability issues, there has been a strong focus on the development of globally consistent, comparable and trusted sustainability reporting standards due to increasing calls for enhanced transparency about sustainability matters from investors, regulators,...
Jakarta - PwC released the Hopes and Fears Global Workforce Survey 2023 for the Asia Pacific region. Around 19,500 Asia Pacific employees participated and the results highlight the challenges our region is facing today.
Jakarta - In its 20th edition, PwC’s 2023 Mine: The era of reinvention, an annual review of the Top 40 mining companies globally, examined trends in the mining industry. In this report, PwC found market capitalisation of the Top 40 miners tripled from US$400bn in 2003 to US$1.2trn in 2022.
Jakarta - Today, PwC Indonesia released the PwC Indonesia Economic Update - Q2 2023, its publication that analyses the trends and challenges of Indonesian economic conditions. In addition, the report also defines recent global economic dynamics and their impacts on Indonesia.
Jakarta - Southeast Asia is at an inflection point. As the world’s fifth largest economy, its annual growth rate has outpaced global averages. It is also home to a wealth of diversity, and a large share of the world’s workers under the age of 30. However, the region also faces the risk of leaving this potential...
Jakarta - PwC Indonesia hosted the launching of the 2023 PwC Global Family Business Survey and PwC Family Office. Irhoan Tanudiredja, PwC Indonesia Entrepreneur and Private Business Leader, stated “Trust has been—and remains—a vital competitive advantage that sets family businesses apart from other companies, where it...
Jakarta - Digital transformation for businesses has gone far beyond a buzzword. However, the question is no longer whether digital can provide value, but rather how it can increase resilience and agility and reduce cybersecurity and data privacy risk in an increasingly complex environment.
Jakarta - In today's business environment, strategic competition between the world’s largest economies and geopolitical risks have slowed global trade. We have entered a period of 'slowbalisation', a new phase of globalisation during which integration and trade flows are still growing, but at a slower rate.
Jakarta - On Earth Day, PwC is building on more than a decade at the forefront of climate-related initiatives by boosting its global nature and biodiversity capabilities as new PwC research, released today, finds that 55% of the world’s GDP is exposed to material nature risk.
Jakarta - One in four companies (27%) globally have suffered a data breach that cost them US$1- 20 million or more in the past three years, according to PwC’s annual Global Digital Trust Insights Survey, which surveys more than 3,500 senior executives across 65 countries.
Jakarta - As 2023 progresses, significant internal and external factors are putting more pressure on customers and businesses, creating tension that could block up businesses and limit customer experiences.
Jakarta - Today, PwC released the results of new analysis and research, the Women in Work Index and the Global Empowerment Index, which provide detailed looks at gender-focused matters affecting the global workplace.
Jakarta - Despite the global economy's gloomy projections, emerging Asian economies are the exception, and Indonesia's economy is expected to experience only a mild slowdown in 2023.
Jakarta - PwC’s “26th Annual Global CEO Survey - Asia Pacific: Leading in The New Reality” has revealed two striking data points that bring to life the challenge facing 1,634 CEOs in the region today.
Jakarta - COVID-19 was the first truly global pandemic in the age of artificial intelligence (AI) and big data. However, when the pandemic struck, the healthcare industry frequently had trouble locating the fundamental data they required to react, be it statistics on sickness and mortality or the accessibility of...
Jakarta - A new environmental, social and governance (ESG) intelligence report, produced by Oxford Business Group (OBG) in partnership with PwC Indonesia, charts the country’s ongoing efforts to put sustainable finance at the heart of its growth plans, in line with the UN Sustainable Development Goals (UN SDGs) and...
Jakarta – Melli Darsa & Co., Advocates & Legal Consultants (MDC), is changing its name to PwC Legal Indonesia, effective 19 January 2023.
Jakarta – PwC’s 2022 Global Investor Survey paints a picture of investors juggling multiple priorities with limited information.
Jakarta - Climate tech funding in 2022 represented more than a quarter of every venture dollar invested in 2022, in the upper half of the 20-30% range observed since the start of 2018, according to PwC’s State of Climate Tech 2022 report.
Jakarta - PwC launched the new report “Asia Pacific’s Time: Responding to the new reality” in conjunction with the Asia-Pacific Economic Cooperation (APEC) CEO Summit 2022 in Bangkok, Thailand where PwC is once again the exclusive Knowledge Partner.
Jakarta - Asset managers globally are expected to increase their ESG-related assets under management (AuM) to US$33.9tn by 2026, from US$18.4tn in 2021.
Jakarta - Amid growing headwinds, doing deals in Asia Pacific has become more complex. Inherent challenges in Asia Pacific increase risk around the execution of deals, and the ability to deliver strong growth post-deal.
Jakarta - One in four companies (27%) globally have suffered a data breach that cost them US$1- 20 million or more in the past three years, according to PwC’s annual Global Digital Trust Insights Survey, which surveys more than 3,500 senior executives across 65 countries.
Jakarta - No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to a new analysis by PwC.
Jakarta - PwC firms around the world achieved gross revenues of US$50.3 billion – up 13.4% in local currency and 11.4% in US dollars for the 12 months ending 30 June 2022. Revenue growth was strong throughout the year, following the rebound in the last quarter of FY21 as the impact of the COVID-19 pandemic subsided.
Bali - Energy is a key component of all human and economic activity. Ensuring a secure and affordable energy supply is crucial for global economic growth, which has raised millions out of poverty. However, this comes at a cost. The continuing dependence on fossil fuels for primary energy supply has resulted in a steady...
Jakarta - Digitalising their divisions is currently a high priority for many CFOs. This is according to 73 percent of the 522 CFOs surveyed worldwide in the current PwC study “The Digital CFO”. Nevertheless, the digitalisation of the finance sector is often still in its infancy in many companies.
Jakarta - M&A activity has slowed from its record-setting 2021 pace, with economic headwinds stunting deals in the first half of 2022. However, activity has merely returned to 2019 levels and dealmaking is expected to play an important role in corporate growth strategies over the next six months, according to PwC’s...
Jakarta – The global entertainment & media (E&M) industry surged ahead last year, strongly outpacing overall global economic growth. Following a pandemic-related 2.3% decline in 2020, E&M revenue rose a strong 10.4% in 2021, from US$2.12trn to US$2.34trn. With the industry becoming more digital, more mobile and more...
PwC Indonesia facilitates B20-G20 dialogue for Finance and Infrastructure Task Force. According to a PwC report entitled 'Global Infrastructure Trends', the urgent global need for substantial infrastructure has been widely recognised.
Jakarta – Even with the tremendous volatility in the sector, there are many more traditional hedge funds investing in crypto and more specialist crypto funds being created as the digital asset class gains acceptance.
Jakarta, 16 June 2022 - IMF is targeting the global economy to grow by around 3.6 percent. In the first quarter of 2022, Indonesia’s economic growth surged by 5.01 percent (year-on-year/yoy), which was deemed as the largest growth in the ASEAN region.
Jakarta, 9 June 2022 – As sustainability reporting requirements expand across Asia Pacific, a maturity journey lies ahead for companies when it comes to disclosing how they turn sustainability commitments into actions, according to a joint study by PwC Singapore and the Centre for Governance and Sustainability (CGS)...
Jakarta, 6 June 2022 – Growth is the lifeblood of family business, essential to ensuring the business will continue to prosper for future generations. For the next generation of family business leaders, growth and sustainability go hand-in-hand.
Jakarta, 22 April 2022 – After registering unparalleled growth in deal values and volumes in 2021, a strong deals pipeline, the availability of abundant capital, and an ongoing intense demand for digital and data-driven assets point to another supercharged year for M&A in 2022, according to PwC’s Global M&A Industry...
Jakarta, 22 Apr 2022 – Higher female unemployment and a greater proportion of women leaving the labour market due to the COVID-19 pandemic has set back progress towards gender equality in work by at least two years, according to PwC’s latest analysis, Women in Work Index, shared during today’s webinar on “Women in...
Jakarta, 21 March 2022 - The automotive industry is undergoing revolutionary change that poses an existential threat to suppliers.
15 March 2022 - Asia Pacific CEOs continue to face pressure generated by the ongoing COVID-19 pandemic and market conditions such as rising inflation, supply chain disruptions and the ‘Great Resignation’.
15 February 2022 - In a 2017 PwC report entitled “The World in 2050”, Indonesia was projected to be ranked the fourth country in the world with a GDP of US$ 10.52 trillion.
27 December 2021 – Investment from venture capital and private equity is pouring into climate tech, reaching US$87.5bn over H2 2020 and H1 2021, with in excess of US$60bn coming in the first half of 2021 alone.
21 December 2021 – “Digital transformation” has become the strategy buzz phrase of the moment. But while the world is going digital, digitization as a business strategy has become a road to equivalency.
A new environmental, social and governance (ESG) intelligence report, produced by Oxford Business Group (OBG) and PwC Indonesia, evaluates the opportunities presented by Indonesia’s ESG-related progress for the national economy, local organisations and incoming investors alike.
15 December 2021 - Urban infrastructure is very important to accommodate the high density of urbanisation that occurs in big cities in Indonesia.
6 December 2021 — The palm oil industry in Indonesia is one of the strategic commodities that makes a major contribution to the economic and social growth of society. Palm oil is still one of Indonesia's mainstay commodities and is the largest foreign exchange.
17 November 2021 - The window to decarbonise and limit warming to 1.5°C above pre-industrial levels is rapidly closing.
12 November 2021 - The COVID-19 pandemic is the biggest challenge faced by Indonesian tourism business owners and operators.
5 November 2021 - President Joko Widodo signed a presidential regulation on the arrangements of the economic value of carbon, prioritising the fulfilment of the country's Nationally-Determined Contribution (NDC) and control of greenhouse gas (GHG) emissions as part of national development on 29 October 2021.
2 November 2021 – The increasing need for technology and other innovative capabilities, combined with an abundance of capital raised by SPACs and PE, is driving intense competition and premium valuations on M&A deals, according to PwC’s Global M&A Industry Trends: 2021 mid-year outlook.
2 November 2021 - The rate of decarbonisation required to achieve the 1.5°C objective set out in the Paris Agreement is five times as challenging, following a short-lived COVID-19 related decline in global emissions.
2 November 2021 - For the 12 months ending 30 June 2021, PwC firms globally had gross revenues of US$45.0 billion – up 2.0% in local currency and 4.9% in US dollars.
6 October 2021 - Through a World Bank program with UK Government funding, PwC Indonesia develop an Early Business Case for the Bandung Basin Metropolitan Area Mass Transportation Project.
13 September 2021 - Today, PwC announced it received validation for its science-based targets and reaffirmed its commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.
31 August 2021 — PwC unveiled The New Equation, PwC’s landmark global strategy which responds to fundamental changes in the world, including technological disruption, climate change, fractured geopolitics, and the continuing effects of the COVID-19 pandemic. The New Equation focuses on two interconnected needs that...
2 August 2021 - Mining companies with higher ESG ratings outperformed the broader market during the peak of the COVID-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index.
21 July 2021 – The global entertainment & media (E&M) industry has regained its momentum, with revenues outpacing the economy as a whole.
29 April 2021 - A crisis can be catastrophic to your business — or it can reveal the strength, quality, and resilience of your organisation.
29 March 2021 – One year after COVID-19 was declared a pandemic, CEOs are voicing record levels of optimism in the global economic recovery, with 76% of global business leaders predicting that economic growth will improve in 2021.
26 March 2021 - PwC Indonesia, together with the British Embassy Jakarta hosted the Infrastructure Business Case Foundation Training on 22-26 March 2021, attended by representatives from State-Owned Enterprises (SOEs) who are involved in infrastructure projects in Indonesia
16 March 2021 – One year after COVID-19 was declared a pandemic, CEOs are voicing record levels of optimism in the global economic recovery, with 76% of global business leaders predicting that economic growth will improve in 2021.
16 March 2021 – M&A valuations are soaring, with rich valuations and intense competition for many digital or technology-based assets driving global deals activity, according to PwC’s latest Global M&A Industry Trends analysis.
15 March 2021 – In a year where business has had to transform the way it meets the needs of society and the environment, family owned businesses risk falling behind, according to a new global survey of 2,801 family business owners. 75 of them are from Indonesia.
9 March 2021 – Productivity and efficiency gains enabled by 5G’s application will drive business, skills and service change worth US$1.3 trillion to global GDP by 2030.
2 February 2021 - Assets under management (AuM) in private markets to expand by between $4.2 trillion and $5.5 trillion in the years up to 2025 in worst/best case scenarios for economic recovery, according to new analysis from PwC.
Jakarta, 28 January 2021 – Currently controlling more than US$110tn, the power the asset and wealth management industry has in shaping the future is unparalleled. With global assets under management projected to grow by up to 5.6% per annum to US$147.4 trillion by 2025, it can shape a future which is better for...
Jakarta, 3 December 2020 - Following the recent signing of the world’s largest trade agreement, the Regional Comprehensive Economic Partnership (RCEP), PwC Asia Pacific’s new report, titled Asia Pacific’s Time, explores what the region needs to do now to build on the success of the last three decades of economic...
1 December 2020 – Decades after emerging from under IT’s wing, the cybersecurity profession has matured. Armed with the insight and foresight that only experience can provide; cybersecurity stands at a pivotal point for the industry, organisations, and people it serves.
The primary role of a traditional bank providing financing and capital is set to be challenged further in a post COVID-19 world by non-banks, according PwC’s report, “Securing your tomorrow, today – The future of financial services,” which predicts that alternative providers of capital are set to become an even more...
Wednesday, 9 September 2020 – Consumer habits can take a lifetime to learn – but just a lockdown to lose. According to PwC’s Global Entertainment & Media Outlook 2020–2024, the COVID-19 pandemic has accelerated and amplified ongoing shifts in consumers’ behaviour, pulling forward digital disruption and forging industry...
JAKARTA – 13 August 2020 – The acceleration of consumer trends and behavior that was already underway prior to the COVID-19 outbreak has taken another leap forward and will spark consumer-facing companies and retailers to reinvent the way they do business, according to a new PwC Global report.
JAKARTA, 25 June 2020 – PwC Indonesia today announced the appointment of Eddy Rintis as its new Territory Senior Partner with effect from 1 July 2020. He succeeds Irhoan Tanudiredja who has served as Territory Senior Partner for the past ten years.
London, 12 June - The global Top 40 mining companies are so far weathering the COVID-19 crisis but should take advantage of relative stability to adopt strategies to mitigate against further economic and social risks, according to PwC’s Mine 2020 report.
Fraud and economic crime rates remain at record highs, impacting companies in more ways than ever. PwC’s bi-annual survey of business crime reports that fraud committed by customers tops the list of all crimes experienced (at 35%), up from 29% in 2018. Businesses report that customer fraud and cybercrime are the most...
DAVOS, Switzerland, 27 January 2020 – As we enter a new decade, CEOs are showing record levels of pessimism in the global economy, with 53% predicting a decline in the rate of economic growth in 2020. This is up from 29% in 2019 and just 5% in 2018 – the highest level of pessimism since we started asking this question...
Virtual Reality (VR) and Augmented Reality (AR) have the potential to deliver a £1.4 trillion boost to the global economy by 2030.
