Indonesia’s GDP growth for 2015 was at 4.8%, revised down from the predicted 5.7% a year earlier. Promised infrastructure developments, deregulations to encourage foreign investment, regulatory uncertainty and lack of coordination amongst the various ministries have failed to materialize the growth as promised for 2015.
The growth for 2016 is estimated in the range of 5.0-5.2% by the Indonesia Trade Minister, Tommy Lembong. Joko Widodo, in an apparent move to shore up investors’ confidence, has in the last quarter of 2015, engaged in a number of deregulatory measures. They include easing the process of opening bank accounts by foreigners, removing import restrictions on various goods, such as tires and cosmetics, doing away with the tedious regulations such as the one that requires Indonesian-language labels be affixed to imported goods before arrival. He has also cut the processing time for investment permits, announced discounts on overnight electricity prices and eased few of the land-procurement rules.
Will these steps raise the flagging investor spirits and pave the way for the much needed investment, boosting economic prospects for the year 2016? Or will they just translate into the commonly seen scenario where policies are announced and scrapped?
The 3rd CFO Innovation Indonesia Forum will focus on the latest developments, opportunities and risks that finance function in Indonesia will likely to face given the gloomy global economic outlook, capricious local regulations, apparent lack of coordination amongst the ministries and the slow implementation of deregulations.
The issues to be addressed include:
- After a disappointing 2015, will 2016 usher in the much-awaited changes to boost economy?
- What kind of challenges can CFOs expect to tackle in 2016?
- How can regulatory and currency challenges be navigated?
- Can Digital Platforms be the much needed weapon the CFOs are looking for?
- With a gloomy Global economy forecast for 2016, how important are innovations to a CFO’s role and can they be introduced into traditional finance functions?
- How can an early engagement with the Government be adopted by the CFOs to successfully manage the effects of new regulations and policies?
- What can Start-Ups and traditional models of businesses offer each other in terms of strategies to better the existing financial system?
- With complicated regulations and constant regulatory disruptions a commonplace in Indonesia, stringent capital requirements will be paramount for CFOs. How can CFOs manage them?
This closed-door forum will provide CFOs, financial controllers, treasurers and other finance executives the opportunity to spend one day immersed in a productive environment with peers from large enterprises and multinationals, as well as business specialists and other experts.
An impressive panel of A-list CFOs coming from both Multi-National Companies and top national companies in Indonesia will gather to have peer-to-peer discussions and share insights to help CFOs risk-proof their business and gain a better understanding of today’s economic environment, industry issues and future market outlook.