Strengthening UNS and OJK Collaboration

In his opening remarks, UNS Rector, Prof. Dr. Hartono, dr., M.Si., expressed his appreciation for OJK’s continued support. He highlighted the long-standing collaboration between UNS and OJK, which began in 2013. This partnership spans education, outreach programs, joint research, and community empowerment initiatives.

“UNS was the first Indonesian university to establish a Center of Excellence in Fintech and Banking in 2020, supported by OJK,” Prof. Hartono noted. “This public lecture is part of the university’s 49th Dies Natalies celebration. It also marks the beginning of the even semester of the 2024/2025 academic year.”

He emphasized that the lecture provides students with insights into economic and financial trends for 2025. “We aim to equip our academic community with the knowledge to navigate future challenges and seize emerging opportunities,” he added.

Key Insights on the Global Economic Outlook 2025

During his presentation, Dr. Agusman outlined major global and domestic economic trends shaping 2025. He emphasized that geopolitical tensions continue to disrupt global economic recovery. These include the war in Ukraine and the conflict in Gaza.

“In 2024, achieving a 1-2% global growth rate was remarkable due to these challenges,” Dr. Agusman explained. “Trade fragmentation, rising protectionism, and humanitarian crises have further affected the global economy.”

He also addressed the “Trump 2.0 phenomenon,” referring to the potential return of former U.S. President Donald Trump. This includes his “America First” policy. “This policy may intensify trade barriers and disrupt international trade mechanisms, affecting global economic growth, including Indonesia,” he warned.

Indonesia’s Economic Resilience and Growth Prospects

Despite global uncertainties, Indonesia’s economic growth remains strong. According to Dr. Agusman, the country maintained an average growth rate of 5%. He noted a significant recovery following the COVID-19 pandemic.

“In 2024, Indonesia’s economy grew by 5,03%, supported by robust performance in the financial services sector,” he said. “Our goal is to sustain and accelerate this positive momentum.”

He highlighted improvements in key socio-economic indicators:

• Unemployment Rate: Decreased to 4,91%.
• Poverty Rate: Reduced to 9,03%.
• Inflation: Recorded at 1,57%, significantly lower than during the pandemic period.

Challenges and Opportunities in 2025

Looking ahead, Dr. Agusman outlined key economic challenges for 2025:

1. Limited Global Growth: Ongoing geopolitical tensions and policy shifts.
2. Trade Policy Changes: Increasing trade barriers and reduced efficiency.
3. Domestic Economic Liquidity: Rising demand and financial sector adjustments.
4. Investment Climate: Ensuring stability while fostering innovation.

He emphasized the importance of proactive policy measures and academic collaboration to address these challenges.

“Through continued partnerships with institutions like UNS, we can equip future leaders with valuable insights. These insights are essential for driving sustainable economic growth,” Dr. Agusman concluded.

About UNS and OJK Partnership

UNS and OJK have collaborated since 2013 on education, research, and community initiatives. The Center of Excellence in Fintech and Banking, established in 2020, remains a testament to their shared commitment to advancing financial education and innovation.

HUMAS UNS

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Prof. Irwan, representing the leader of UNS, expressed his gratitude to Bank Indonesia for trusting UNS as the host of this event. “We are grateful that Bank Indonesia has chosen Universitas Sebelas Maret as the host of the Bank Indonesia Teaching under the theme of ‘Accelerating Economic and Financial Digitalization for Economic Recovery.’ This event is extraordinary because the Deputy of Bank Indonesia can attend today’s event in person,” said Prof. Irwan.

Related to the theme, Prof. Irwan explained that UNS has taken various initiatives in economic digitalization while striving to become a pioneer in digital transformation. The effort is implemented in several digital transformations, including the establishment of the Center for Excellence in Science and Technology (PUI) Fintech and Banking. UNS has also established the Faculty of Information Technology and Science Data to support data science education and technology for economic digitization. UNS, through the Faculty of Economics and Business, has also just opened a Digital Business study program, which is expected to prepare the best talent for digital transformation. “All of those efforts are dedicated to preparing superior talents in the digital economy, and it will be one of the prioritized programs by the Rector this year,” he added.

The Deputy Governor of Bank Indonesia, Juda Agung, Ph.D. welcomed the initiatives. Dr. Juda said that it is necessary for Bank Indonesia to maintain synergy with other institutions. “Synergy with various parties is an effort that we need to implement in the process of digitization, OJK as a supervisor of the microfinance sector, Bank Indonesia as a supervisor in the payment system. In terms of data and information communication, it falls under the role of the Ministry of Communication and Information. Currently, a bill on personal data protection is under discussion. The point is that we must work together and synergize across all government and industry sectors,” Juda said.

On this occasion, Dr. Juda delivered material about the digital transformation implemented by Bank Indonesia. He said that economic digitalization increased rapidly during the pandemic, especially online economic activity, which doubled during the pandemic. The trend of such digital transactions continues post-pandemic situation. This trend can be seen from data released by Bank Indonesia on e-commerce payment methods in July 2022, which is dominated by electronic money by 36.15 percent, followed by cash by 34.25 percent, and pay-later by 12.80 percent. Indonesia is dubbed as a country that potentially has the largest e-commerce market in ASEAN in 2025, valued at 140 billion US dollars. With this potential, Indonesian human resources must be prepared to accept the digital economy transformation.

The need for excellent resources to welcome the 2025 transformation is in accordance with UNS programs. Thus, the synergy between UNS and Bank Indonesia is expected to grow stronger for preparing superior talents in the digital economy. Humas UNS

Reporter: Ida Fitriyah
Editor: Dwi Hastuti

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Luhut Binsar Pandjaitan, in his remarks, appreciated the international webinar hosted by the Center for Fintech and Banking (PUI-PT Fintech Center) UNS. According to him, the event can encourage Indonesia’s economic recovery and provide new insights on the sustainable economy after the Covid-19 pandemic hit the world from the beginning of 2020. “March this year will mark the second year that the Covid-19 pandemic hit Indonesia. In 2020, we were shocked by the Covid-19 pandemic that spread rapidly and claimed 6 million lives worldwide and 150 thousand lives in Indonesia,” he said.

That number, according to Luhut, is enormous, not to mention when Indonesia had experienced the second wave of Covid-19 due to the spread of the Delta variant from India in the middle of last year. He added that the Government immediately took a number of measures to reduce the spread of SARS-CoV-2. One of them is implementing the Community Activity Restriction (PPKM) at different levels in each region. Luhut said that the police managed to control the transmission of SARS-CoV-2 in the community and reduce the number of Covid-19 cases that had jumped dramatically. “Indonesia is also taking emergency steps by accelerating the Covid-19 vaccines shot, including accelerating and intensifying the use of the PeduliLindungi application,” he said.

According to the former Chief of Staff of the Indonesian Presidency, those methods can slowly restore the national economy even though it had not been fully recovered. Continuing the remark from Luhut, Prof. Wimboh does not deny that the world economy has slowed down over the past few years. “The IMF expects both developed economies and emerging markets to experience an economic slowdown due to high uncertainties, such as the spread of Covid-19,” he explained.

Meanwhile, he also mentioned normalization policy factors, high inflation in developed economies, a surge in global commodity prices, and geopolitical tensions between Ukraine and Russia fueling the slowdown of the world economy. According to Prof. Wimboh, this statement is a big challenge, especially for Indonesia, which will face many forward-looking agendas and international agreements agendas. For example, the requirement to keep the Earth’s temperature from rising beyond 1.5 degrees was agreed at the COP26 event in Glasgow, Scotland, in 2021, and the agreement to reduce global carbon emissions by 45 percent by 2030.

“For the first time, the COP has agreed to reduce fossil fuels usage gradually, and developed countries are committed to increasing their fund mobilization around USD 100 billion per year in 2021-2025 and achieving the fund’s targets as soon as possible,” added Prof. Wimboh.

Aside from the online remark by Luhut Binsar Pandjaitan and Prof. Wimboh, the International Webinar entitled “Sustainable Finance and Impact Investing” also invited several international class speakers. They are Prof. Lucian Taylor (Wharton School, University of Pennsylvania, USA), Prof. Caroline Flammer (Columbia University, USA), Dr. Renata Kizys (University of Southampton, UK), Prof. M. Kabir Hassan (University of New Orleans, USA), and Dr. Putra Pamungkas (UNS). Humas UNS

Reporter: Y.C.A Sanjaya
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In the online competition with the “Investment Alternative and Saving Methods in Millennials Era” theme, Farrel, who was supervised by Amad Saeroji, S.S. M.Sc., was interested in participating in the competition because it was a prestigious competition.

“At first (I was) pessimistic because the participants were quite many with great works, but with courage and determination, finally participated in the competition,” Farrel stated to uns.ac.id team on Friday (24/12/2021).

Farrel submitted a work that discusses the importance of investing from early age and saving. He also shared the need to be careful in making an investment to prevent the community from being trapped in fake investments. His videos took three days to complete from the production process, scenario writing, storyboard development, video take, and editing. He competed with hundreds of other teams from all around Indonesia, and he was strongly moved by the result.

“I was so moved because I could win two different competitions because truthfully I was pessimistic with the work I made, but with maximum efforts and prayers, Alhamdulillah (I) could get the best result,” Farrel stated.

He hoped that in the future, he could be more productive and inspire more people with his works. Humas UNS

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On the Wednesday night event (21/7/2021), Prof. Wimboh states that “Specifically for OJK, including associations, we have registered numerous companies to its respective affiliated bank to be reported to get vaccines allocation from the Minister of Health, and finally get reported to the President.”

Even though, the World Health Organization (WHO) predicts that Indonesia can only reach herd immunity in 2022. However, Prof. Wimboh states that the President of RI Joko Widodo is determined to reach herd immunity in 2021. This can be achieved through collaborative Covid-19 vaccination like the one conducted by TNI and Polri. “The President wishes to speed up the distribution of 1.5-2 million vaccines through various channels. It will be difficult for the government to achieve this alone. Currently, it is difficult to distribute the vaccines to the community. Hence, the government synergizes all aspects of the stakeholders and regional government,” Prof. Wimboh states.

This became a special challenge for the government, this was aggravated with the challenge in Covid-19 handling. On the other hand, the average vaccination rate and the vaccination speed across Indonesia are uneven. Moreover, the 208.3 vaccination target can only be achieved if the daily vaccination rate reaches 1.4 million doses daily. “The synergy at all levels of community is needed, starting from the university, essential economics sectors, critical economic sector, and non-essential economics sector. Universities are welcomed, the link to get vaccines is no longer a difficult matter, as long as you have an identification card, you can organize a collective vaccination and get free vaccine allocation,” he concluded.

In front of the Rector of UNS, Prof. Jamal Wiwoho, Chairman of IKA UNS Ir. Budi Harto, and the other attending participants, Prof. Wimboh reminded the participants that to achieve herd immunity, they must strengthen body immunity by exercising regularly, consuming healthy food, and vitamins. All those efforts must be completed by implementing strict health protocols, wearing masks, washing hands, and avoiding crowds. Prof. Wimboh adds that the community and companies should understand the importance of 3T, namely, tracing, testing, and treatment. The three items are the keys to reducing the SARS-CoV-2 transmissions, which recently soaring drastically.

“This is why the government will go all out to the point of establishing emergency hospitals. All institutions, communities, and entrepreneurs must follow the tracing mechanism when they tested positive for Covid-1. This protocol is the most people forget. In OJK, all staff is PCR tested. If there are any staff whose test returned a positive result, they must undergo self-isolation, and their current dirrect contact will be tracked,” Prof. Wimboh added. Humas UNS

Reporter: Yefta Christopherus AS
Editor: Dwi Hastuti

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