Indonesia

PT 3E Accounting Services, Indonesia – Global Accounting Alliance Member

Economic Overview & Business Opportunities

Indonesia is an archipelago of 250 million people and the fourth most populous country in the world. With its increasing young generations, growing middle class, and rising income levels, Indonesia has high demand for consumer goods and services sector.

 

Short Term

It is expected that Indonesia’s economic growth will be modest because of the Rupiah depreciation, capital outflows, trade expansion, and current account deficits as well as the impact of the presidential election.

Indonesia’s presidential election causes many investors to stay alert and adopt a wait-and-see approach. As a result, in order to boost the economy’s growth, the government will rely on local investment and household spending in 2019. The Ministry of Social Affairs has also increased a social assistance budget of IDR 381 trillion in 2019. It is up 33% from the previous year of IDR 287 trillion to increase consumer spending.

 

Longer term

The current economic situation may well be the right time for investors to invest in the country, especially in its financial instruments. The undervalued Indonesian stocks and securities will attract a lot of investors. As a projection, Indonesia offers strong economic fundamentals that focus on the growth of the middle-class and fuel the consumer spending growth in the country. There will be short-term effects and uncertainty created by the presidential elections as we saw in the previous elections as well. However, both situations make Indonesia the best choice for investors.

Abigail Yu – Director of 3E Accounting Group

 

Abigail Yu oversees executive leadership, led the operations and strategic directions for the whole 3E Accounting Group, including the IT Solution, public relations and digital marketing functions of the company to drive the overall competitiveness and success of business.

She graduated from National University of Singapore with a honours degree in Communication and New Media, and she was extensively trained and well-versed in business communication matters. Areas of specialisation includes crisis management, financial communication and communication management.

Audaciously ambitious, Abigail has successfully positioned 3E Accounting as the first robotics accounting firm in Asia-Pacific that is driven by Machine Learning (ML) and Artificial Intelligence (AI), branded 3E Accounting as pioneer in spanning robotic business automation (RPA) in the accounting industry and a swift-adapter amidst evolving challenges in COVID-19. These reinforced 3E’s vision as the world’s leading service provider for staying ahead of major market developments and of other competitors.

Moving forward, Abigail will continue developing new strategies to enhance the current positioning of 3E and alleviate its standing for 3E to constantly stay ahead of the game as a market leader in the accounting field.