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INVESTMENT - KPMG Siddharta Advisory (KPMG) announced an investment of Rp 150 billion (US$ 9,8 million) over the next five years. The significant investment is to drive economic growth, scale business transformation, and enable regional collaboration in Indonesia.
The investment will fuel comprehensive initiatives that empower Indonesian businesses to optimise operations, embrace digitalisation, and unlock new growth opportunities.
Chief Executive of KPMG Siddharta Advisory Irwan Djaja said, the decision to invest is fuelled by Indonesia's thriving market, which presents a multitude of deal opportunities from thriving multinational corporations (MNCs), the transformation of small and medium-sized enterprises (SMEs) into larger corporates, the emergence of innovative startups, rising foreign direct investment (FDI), and strong government support.
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"With this funding, we aim to create 300 new high-skilled positions in critical domains such as business transformation, security engineering, data science, sustainability, and climate change. Our goal is to expand our workforce and capabilities, equipping our clients with unparalleled expertise to confidently navigate complex business challenges," he said on Tuesday (29/8).
To support Indonesian businesses in their expansion, mergers, and acquisitions ventures, KPMG will provide valuable knowledge, diversification strategies, and scalable approaches driven by cost-effectiveness and innovation. Key areas of focus for KPMG's investment include cybersecurity, data solutions for business transformation and IT enablement, and regulatory technology (regtech) for compliance.
The investment announcement was made at the opening of KPMG's new office at Menara Astra, which also celebrated the long-standing partnership between KPMG Siddharta Advisory and KPMG in Singapore in driving regional business potential. Ong Pang Thye, Managing Partner of KPMG in Singapore and Board Member of KPMG International, emphasised the benefits of the partnership between the two KPMG firms.
"The collaboration between KPMG firms in accelerating business transformation knowledge exchange, capacity building, and co-creating solutions across borders will be crucial in driving resilience in Southeast Asia," Thye said.
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He added this partnership provides large foreign corporations looking to invest in sectors such as transportation, energy, or telecommunications with the opportunity to tap into KPMG's deep-rooted local market knowledge, while also benefiting from KPMG's regional and global capabilities.
KPMG's investment in Indonesia will leverage its global network, extensive expertise, and successful business transformation case studies to empower Indonesian businesses of all sizes. By sharing best practices and providing strategic guidance, KPMG aims to enhance the competitiveness of organisations and enable them to navigate the evolving business landscape effectively.
