16 November 2024

The Faculty of Economics and Business (FEB), University of Bengkulu (UNIB) is proud to organize The 2nd Bengkulu International Financial and Capital Market (FinCap) Summit on November 15-16, 2024 through Zoom Meeting and YouTube Live.

The culminating event of the Investment Gallery (GI) ON THE MOVE 2024 program which was initiated by the Capital Market Study Group (KSPM), Faculty of Economics and Business (FEB), University of Bengkulu (UNIB) successfully attracted over 600 participants from all over Indonesia as well as several countries such as Brunei Darussalam, Timor Leste, and the United States. With the theme  “The Influence of Global Issues: Strategic Planning for Long-Term Investing”, this event discussed the impact of global dynamics on long-term investment strategies.

The event featured eight prominent speakers from various professional fields, including professionals, including David Dredge (Convex Strategies Pte Ltd), Edwin Hartanto S.E., M.A., CFP (IDX Carbon), and Deden Wahyudiyanto CSA, CRP, CIB, CPIA, GRCP, IRMP (PT TAP Kapital Indonesia), with the support of expert moderators such as Marina Rasyada S.T., AWP, QWP, CFP (IDX Bengkulu) and Muhammad Ghithrif S.E., CPA, CFP (PwC Indonesia).

 

Opening Remarks

Event Opening | Source: KSPM FEB UNIB Archives

The event began with welcome remarks from Artha Sari Br. Limbong, Chairperson of KSPM FEB UNIB, highlighted the importance of financial literacy in building Indonesia’s economic future. The speech was followed by Mukti Trio Putra, S.M., MBA, Deputy Advisor of the FEB Investment Gallery, who emphasized the gallery’s role as a bridge between academic theory and investment practice.

The Rector of University of Bengkulu, represented by Dr. Rina Suthia Hayu, S.E., M.M, Vice Dean for Student Affairs, Alumni, and Cooperation of FEB UNIB, officially opened the event with a commitment to support a sustainable financial ecosystem through innovation and education.

 

Keynote Speech and Inspiring Webinar Sessions

Webinar Presentation “Balancing Profit and Responsibility in Investing Decisions” | Source: KSPM FEB UNIB Archives

Flora Apriani’s (OJK Bengkulu) keynote speech discussed the role of the Financial Services Authority in maintaining market transparency, protecting the public interest, and responding to global economic challenges. One key point was the importance of portfolio diversification and sustainable investment strategies to deal with risks from geopolitical tensions, monetary policy changes, and commodity price volatility.

The first webinar, moderated by Mukti Trio Putra, S.M., MBA, featured Edwin Hartanto (IDX Carbon) discussing ESG principles and carbon trading. Edwin explained the synergy between profitability and responsibility through the Environmental, Social, and Governance (ESG) framework and the potential of IDX Carbon in driving the carbon credit market. The following sessions explored sustainable growth strategies, technology adoption in ESG, and risk management frameworks amid economic uncertainty.

Navigating Global Investment Challenges and Opportunities

1st Talk Show Session  “The Future of Investing: Strategies for Sustainable Growth” | Source: KSPM FEB UNIB Archives

The first session of the talk show “Navigating Uncertainty: How Global Shifts and Domestic Changes are Redefining the Future of Investment” provided in-depth insights into global economic challenges and investment strategies amidst uncertainty. Hosted by Ms. Marina Rasyada, this discussion featured renowned speakers, Mr. Deden Wahyudiyanto, Mr. Doddy R. Rinaldi, and Mr. Firman Siregar. The speakers explored issues such as Indonesia’s ambitious economic growth, rupiah depreciation, and geopolitical tensions, including the US-China trade war and Middle East conflicts.

Mr. Deden highlighted six key risk groups that investors should know, ranging from geopolitics to market fluctuations. He emphasized the importance of portfolio diversification to reduce the impact of negative risks. In his explanation, Mr. Deden emphasized, “Negative risks need to be mitigated with things that make the risks smaller”. This message is relevant for the younger generation who want to understand how to deal with global economic threats without compromising their investment goals.

Mr. Doddy added that investors must develop an adaptive investment plan to deal with uncertainty. He recommended a deep understanding of company fundamentals as well as considering diversification through instruments such as fintech and MSMEs. Mr. Firman complemented with an emphasis on high-potential sectors under the new cabinet, such as property, consumer, and banking. He also reminded participants to focus on long-term fundamentals and not get carried away by the FOMO phenomenon.

 

ESG Integration for Resilient Investment Decisions

2nd TalkShow Discussion “Integrating Sustainability and ESG Principles for a Resilient Investing Decision” | Source: KSPM FEB UNIB Archives

In the second session, a discussion themed “Navigating Risks and Opportunities: ESG Integrity, Climate Finance, and Indonesia’s Urban Future” provided strategic insights on the applying of ESG in investment. Hosted by Muhammad Ghithrif, this session featured Mr. Akmal Abudiman, Mr. Arif R. Darana, and Ms. Chrisma Virginia as speakers. Mr. Akmal opened the discussion by discussing the challenges of greenwashing and the importance of ESG reporting standards, such as GRI, to verify sustainability claims.

Ms. Chrisma highlighted the role of clean technology in sustainable investment, including High Pressure Acid Leaching (HPAL) which can reduce energy consumption and carbon emissions in the nickel industry. She also described initiatives to recycle nickel waste into environmentally friendly construction materials. Pak Arif rounded out the discussion by emphasizing that clean technology can improve environmental resilience while attracting global investors.

The discussion continued with a discussion of disaster risk, especially in a big city like Jakarta. Mr. Arif explained the need for integrated risk management, including water management and investment in disaster mitigation technologies. Mr. Akmal added that instruments such as green bonds and carbon taxes can support climate change adaptation while creating a responsible investment ecosystem.

The speakers agreed that collaboration between companies, investors, and governments is key to successfully integrating ESG and clean technology. With the right strategy, Indonesia has the potential to lead global initiatives towards a more resilient and sustainable economy. The discussion provided a comprehensive overview of strategic investment opportunities in supporting inclusive and sustainable economic growth.

 

Plenary Session Facing Uncertainty with Resilient Strategies

Plenary Session  “Black Swan Events and Market Shocks: Preparing for the Unpredictable” | Source: KSPM FEB UNIB Archives

The plenary session that closed the International FinCap Summit was the highlight of the discussion with the theme “Black Swan Events and Market Shocks: Preparing for the Unpredictable”. Hosted by Mr. Berto Usman PhD, Mr. David Dredge delivered an incisive view on extreme risks in financial markets, critiquing traditional paradigms such as the Efficient Market Hypothesis and Modern Portfolio Theory. He emphasized that the real world is not subject to a normal distribution, but rather dominated by fat tails, where rare events often determine overall investment outcomes.

Mr. David used the analogy of a forest full of dry branches to illustrate the endogenous risk in the financial system. He explained that financial markets are vulnerable to large shocks originating from within the system itself. To deal with such risks, he highlighted the importance of understanding the concept of convexity, which is how portfolios can be designed to not only survive but also capitalize on volatility. This antifragile strategy is a key solution to strengthen portfolios against global uncertainty.

In addition, the relevance of sustainable investment was a key topic. Mr. David invited participants to understand the concepts of antifragility and self-organized criticality to address modern economic challenges. He also criticized the central bank’s approach in dealing with the surge in government debt, citing Hyman Minsky’s theory, “Stability begets instability”.

With a scientific approach and strong analogies, this session gave participants a new perspective on designing adaptive and shock-resistant investment strategies. This cover not only inspires but also provides concrete guidance in preparing for global economic uncertainty.

The event closed with the KSPM Excellence Awards Ceremony, which honored the winners of competitions throughout the GI ON THE MOVE 2024 period such as Rafflesia Trading Extravaganza, Rafflesia Youth Debate Competition, and BIK Stocklab Competition. This award is an inspiring closing, as well as strengthening the commitment of GI and KSPM FEB UNIB to encouraging financial literacy and innovation among young investors.

 

Success, Legacy of Excellence, and Innovation Summit: Driving Sustainable Finance

Closing Event | Source: KSPM FEB UNIB Archives

The 2nd Bengkulu International Financial and Capital Market Summit 2024 proved the neat collaboration between academics, industry players, and regulators in facing global challenges. The strategic discussion emphasized Indonesia’s role as a driver of sustainable finance innovation, preparing a new generation of investors to respond to market dynamics with resilient strategies.

The closing ceremony was marked by the KSPM Excellence Awards Ceremony which honored the winners of the GI ON THE MOVE 2024 competitions, including the Rafflesia Trading Extravaganza, Rafflesia Youth Debate Competition, and BIK Stocklab Competition. These awards reinforce the commitment of GI and KSPM FEB UNIB to developing innovation in the financial sector.

The event was closed with a closing speech by the Independent Commissioner of KSPM FEB UNIB, Muhammad Afif Ryan Pratama, who emphasized the importance of sustainability strategies and collaboration for more sustainable financial growth in Indonesia.

With the publication of the summit proceedings via DOI 10.5281/zenodo.14178716, these valuable insights are now widely accessible, supporting the development of an inclusive global financial ecosystem. The success of this event lays the groundwork for larger initiatives in the future, strengthening Indonesia’s position in driving economic sustainability.