Tuesday, 30 June 2020 12:02

Economist: Companies are Expected To Have Strategies To Survive In the Crisis

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Jakarta (VOI News) - The International Monetary Fund-IMF predicts that world’s economic growth will be negative by almost 5 percent. The IMF also predicts that the Indonesian economy in June is in a negative position. It was stated by Prof. Roy Sembel, Consultant and professional in financial economics, to Voice of Indonesia in Jakarta, Monday (29/6). According to Roy Sembel, to make companies able to continue their business, they need to prepare a strategy of realigning and adapting in a new era after the pandemic.

 

"In addition, it is necessary for companies and their industries to conduct rescue and restructuring in the short term, and in the medium to the long term, which can be realigned. So they need to modify the business to adjust to the times, although they should not change everything, there is something that remains, for example the basic principles of company management, there must be cash flow, there must be a profit margin, there must be a good biz turnover, healthy growth and they should pay attention to customer development. Those are 5 things that are mandatory. But other than that, the methods must be adjusted according to the times," said Roy Sembel.

Roy Sembel added that emergency measures to save the companies from financial pressures due to the crisis must be done quickly and accurately. Furthermore, emergency measures must be followed by a proactive financial restructuring strategy. To inform business actors and legal aspects related to emergency rescue and corporate restructuring, on Tuesday, June 30, there was a Webinar "Financial and Legal Aspects of Rescuing, Restructuring, and Realigning Companies Facing Pandemic Crisis" in Jakarta, with Prof. Roy Sembel and Ibrahim Sjarief Assegaf. (VOI / TGH/FAISAL/AHM)

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