20/03/2014 Uncategorized
On March 14 2014, Universitas Pelita Harapan collaborated with the Indonesian Republic's Ministry of Finance, Directorate General of Debt Management, held a seminar on "Socialization of Conventional Based Government Securities (SUN)" at 08.00 - 12.00 WIB
On March 14 2014, Universitas Pelita Harapan collaborated with the Indonesian Republic’s Ministry of Finance, Directorate General of Debt Management, held a seminar on “Socialization of Conventional Based Government Securities (SUN)” at 08.00 – 12.00 WIB
 Participants at SUN Socialization
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On March 14 2014, Universitas Pelita Harapan collaborated with the Indonesian Republic’s Ministry of Finance, Directorate General of Debt Management, held a seminar on “Socialization of Conventional Based Government Securities (SUN)” at 08.00 – 12.00 WIB in MYC MPR, UPH. This seminar brought two speakers; Heri Praptomo, Head of Evaluation Section of the Directorate Government Securities Transaction, DJPU and Anton Fairdian, Section Head of Base Development Directorate Instruments and Government Securities, DJPU.
This event was attended by the Rector of UPH Surabaya, Kim Sung Suk Associate Dean of UPH Faculty of Economics, students from campuses in Jabodetabek, as well as lecturers and students from UPH. The seminar began with an explanation from Heri Praptomo concerning the development of financial markets in Indonesia. Broadly speaking, he explained the background of activities primarily in government as well as macroeconomic indicator and financial markets in Indonesia.
Along with a fair deal of development in the country, it would increase state spending making it bigger than the income. As a consequence, to cover the deficit in the state budget, government requires funding both in a form of debt and non-debt. Funding that comes from within the country and abroad can be in a form of a loan or Government Securities one of which is Conventional Based Government Securities.
Further explanation regarding Conventional Based Government Securities was presented by Anton Fairdian. He explained about the definition, shape, type, purpose and benefits of Conventional Based Government Securities, debt management strategy, debt development statistics, Government Securities market development as well as the introduction of Government Bond Retail.
Conventional Based Government Securities are form of debt instruments denominated in rupiah and foreign currency interest and principal payments guaranteed by the Republic of Indonesia in accordance with its validity period. He explained that the purpose of Conventional Based Government Securities is to finance the State Budget deficit, cover the short-term cash shortage as well as to manage the country’s debt portfolio. In addition to Conventional Based Government Securities, Anton also introduced Government Bond Retail as known as ORI. Government Bond Retail has a small number of differences with Conventional Based Government Securities, whereas this letter is sold to individuals or Indonesia’s Citizens through a selling agent in the Primary Market.
In the question and answer session, one of the UPH Business School student, asked other dissimilarities from Conventional Based Government Securities and Government Bond Retail to both of the informants. The fundamental difference according to the two speakers is that Government Bond Retail does not require a fee as significant as the Conventional Based Government Securities as it is intended for individuals. “For Conventional Based Government Securities, we only need 1 Billion while Government Bond Retail can be purchased with ‘pocket money'”, explained Heri. The seminar ended with the awarding from both parties, group photo, and lunch.
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