Ernst & Young opens new office

Ernst & Young opens new office

SURABAYA (JP): International consulting firm Ernst & Young,
Hanadi & Sandjaja announced on Wednesday the opening of its new
office here in a move to strengthen its operation in the capital
city of East Java.

The firm, which appointed accountant Bing Hartono Purnomosidi
as the Surabaya office managing partner, will help companies in
East Java with business development, including debt and corporate
restructuring.

"Although it's still slow, companies in East Java, as well as
others in Indonesia, can settle their restructuring program. I'm
very optimistic about that," Ernst & Young Chief Executive Office
Peter Knox said.

Ernst & Young's Surabaya office provides services in the areas
of auditing, taxation, consulting and corporate finance to
clients from various industry sectors.

The office, which employs about 60 professionals, is targeting
a revenue increase of 30 percent this year, Knox said without
saying the actual total.

Ernst & Young has 23 partners and 600 professionals in the
country. The New York-based consultancy has member firms in 132
countries and is supported by 85,000 professionals with a total
revenue of US$11 billion. (jun)