CGV Indonesia Implements Earned Wage Access (EWA) for Employees, Enhancing Supportive Work Environment and ESG Commitment.

Jakarta, November 18, 2024 – CGV Cinema is proud to announce the implementation of Earned Wage Access (EWA) for its employees by partnering with Paywatch. This initiative marks a significant step towards fostering a more supportive and engaging work environment. It underscores CGV’s commitment to its Environmental, Social, and Governance (ESG) goals, emphasizing the company’s dedication to the well-being of its workforce. 

Mark Nah, CEO of CGV Indonesia, said, “We are thrilled to introduce Earned Wage Access for our employees, a move that reflects our unwavering commitment to their financial well-being and overall job satisfaction. At CGV, we believe that supporting our team members in every aspect of their lives is essential to fostering a positive and productive work environment. This initiative is a testament to our dedication to social responsibility and ongoing efforts to create a more inclusive and supportive workplace.” 

CGV Cinema’s EWA initiative is a testament to its broader ESG strategy, which prioritizes social responsibility and employee welfare. By offering EWA, CGV is taking a proactive approach by addressing the immediate financial needs of its employees and contributing to a more equitable and inclusive workplace—a critical component of a positive work environment. This initiative aligns with CGV’s mission to create a supportive and engaging environment where employees can thrive personally and professionally. 

Implementing EWA is expected to enhance employee engagement and retention by providing a tangible benefit that addresses a common concern among workers. Financial stress is a significant factor that can impact job performance and satisfaction. By alleviating this stress, CGV Cinema aims to foster a more motivated and committed workforce, ultimately leading to better service for it’s customers. 

CGV Cinema’s commitment to ESG principles is reflected in its continuous efforts to adopt sustainable business practices. The EWA initiative is part of a broader strategy to ensure that the company’s operations are socially responsible and environmentally sustainable. By prioritizing the well-being of its employees, CGV is setting a standard for the entertainment industry and demonstrating that business success and social responsibility can go hand in hand. 

Alex Kim, President and Co-Founder of Paywatch, added “We are excited to partner with CGV Indonesia to bring Earned Wage Access to their employees. This initiative is a significant step towards enhancing financial wellness and giving employees greater control over their earnings. At Paywatch, we are dedicated to empowering workers through innovative financial solutions, and we are proud to support CGV Indonesia in their commitment to creating a more supportive and engaging workplace.” 

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About CGV Cinema 

PT Graha Layar Prima Tbk (“Company”) also knowns as CGV Cinemas was established in 2004 by Group of local investors with extensive experience in property development, entertainment, and entrepreneurship. The Company’s operations began with the opening of the Blitzmegaplex Paris Van Java, Bandung in 2006. On 2014 the company conducted its Initial Public Offering (IPO) and the first cinema operator to be publicly traded on the Indonesia Stock Exchange and collaboration with renown Global Player from South Korea, CJ CGV. 

With the vision of becoming the No. 1 Culturplex in Indonesia, CGV Cinemas was introduced with a Culturplex concept aimed at providing an unforgettable movie-watching experience as the premier destination. Visitor can enjoy the best film-viewing experience along with a variety of exciting and engaging activities. The Company’s strong commitment to presenting the Cultureplex as the latest cinema concept has been the driving force behind its ongoing evolation – Envolving Beyond Movies – which makes CGV Unique and secures a special place in the hearts of its loyal customers.