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John Arnold, Partner
Aquiet revolution is taking place in the way major Indonesian businesses report their financial results. Individuals involved in the preparation of financial reports, or who have responsibilities that require them to use or rely upon financial reports, have now entered an especially challenging period that will extend over the next two years.
read more..John Arnold, Partner
As the forces of globalisation reshape so many aspects of our lives, the importance of effective international communication has never been greater. An event the opposite side of the world may be known of and have repercussions in Indonesia within hours or minutes. During the current turmoil in global capital markets, bad news overnight from New York would be mirrored in Asia as soon as the local markets opened the following morning. It wasn’t so long ago, that during another large downward correction of major markets, the then Jakarta composite index bucked the global trend by rising while others overseas all fell. Such immunity from world events is unlikely ever to be repeated in the current era. If global capital and financial markets are not yet fully integrated, their interdependence is plain to see. The reliability of communication is critical to enable market operators to make rapid and informed decisions. The adoption of the English language as the international language of business has certainly facilitated effective global communication.
read more..Erenzt Joseph, Principal
