Students from the Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), take part in a guest lecture delivered by the Indonesia Deposit Insurance Corporation (LPS) on Wednesday, October 16, 2024, at the Soedarah Soepono Hall. This activity was part of the implementation of a collaboration agreement between FEB UNS and LPS.
The guest lecture was attended by over 100 undergraduate students from the Management and Development Economics programs. The session featured Daly Rustamblin, Director of the Bank Liquidation Group, as the keynote speaker, focusing on the theme of Bank Liquidation. The lecture is expected to help students understand the fundamental philosophy (mindset) and acquire the conceptual and practical skills (skill set) related to bank liquidation.
At the beginning of his presentation, Daly outlined the four options for bank resolution available to LPS under Indonesian law: Purchase & Assumption (P&A), Bridge Bank, Temporary Capital Injection, and Liquidation.
In a Purchase & Assumption (P&A) approach, good assets are transferred to the acquiring bank, while bad assets are liquidated. Further, a Bridge Bank option involves establishment of a temporary bank to manage good assets, while bad assets are liquidated. In a Temporary Capital Injection, capital is provided to address the bank’s capital shortfall, ensuring compliance with the required capital adequacy ratio. Meanwhile, Liquidation involves converting all assets into cash to fulfill the bank’s obligations.
Daly emphasized that Bank Liquidation refers to resolving all assets and liabilities of a bank following the revocation of its operating license and the dissolution of its legal entity. He explained that the legal basis for bank liquidation is outlined in the LPS Law and further detailed in LPS Regulation No. 1/PLPS/2011 on Bank Liquidation, as last amended by Regulation No. 1 of 2022.
Since LPS began operations in 2005, up to September 20, 2024, 137 banks (comprising 1 Commercial Bank, 122 Rural Banks (BPR), and 13 Sharia Rural Banks (BPRS)) have undergone liquidation. Currently, 19 BPR/BPRS are in the liquidation process, while 118 banks have completed liquidation (1 Commercial Bank, 106 BPR, and 11 BPRS).
Daly elaborated further that an end-to-end liquidation process, which involves 17 stages can be grouped into three main phases: Planning, Implementation, and Closure of Liquidation. Following his presentation, students actively participated in a discussion session, engaging with the speaker to deepen their understanding of the topic
Aldy Fariz Achsanta, S.E., M.Rech., Ph.D., Head of the Digital Business Undergraduate Program at FEB UNS, provided an overview of the faculty. He highlighted the four undergraduate programs offered in FEB UNS, namely, Management Study Program, Development Economics, Accounting, and Digital Business. Detailed explanations of each program were delivered by the respective program heads in attendance.
In addition to an introduction to the Digital Business program by Aldy Fariz Achsanta, PhD., students also gained comprehensive information about the Management program from Dr. Sinto Sunaryo, S.E., M.Si., SHRM.CP., and the Economics and Development Studies program, presented by Muhammad Yusuf Indra Purnama, S.E., M.Rech., Ph.D.
The panel of judges consisted of three members: Muhammad Nur Hikmat, S.E., M.E., an academic from UNS; along with two external judges — Dr.(c). Ghulam Fathul Amri, SH., SST., ME., MESy., MKn., MM., MT., from the Surakarta City Government; and Rony Widjanarko, SH., MH., Head of the Surakarta City Research and Development Agency (Balitbangda).
The three provided training on how to cook three Libyan cuisines namely the Mahlabia, Brack, Almubatana, and Rashtah Musqia. This training is part of an International Community Service Program conducted by the Development Economy Study Program FEB UNS.
The event was led by the Head of the Study Program, Bhimo Rizky Samudro, S.E., M.Si., Ph.D., and aimed to enhance teaching quality and deepen understanding of the knowledge cluster among faculty members. The workshop was marked by high enthusiasm, with active interaction from the lecturers of the Development Economics Study Program at FEB UNS. “We are very pleased with the level of participation and enthusiasm shown by the lecturers in this workshop,” said Bhimo Rizky Samudro.
The workshop covered several important topics, including the latest teaching methods, curriculum development, and aligning course materials with recent advancements in the field of development economics. This workshop is part of the ongoing efforts by the Development Economics Study Program FEB UNS to ensure that students receive high-quality education that meets current job market needs.
Bhimo also expressed his gratitude to Osaka University for extending its collaboration with FEB UNS. Expressions of gratitude are also conveyed to Dr. Jaka Aminata who also assisted UNS in this short course. He hopes that the six students can enjoy the whole journey to the short course, either during the program or on their trip to Japan, both in academic and non-academic activities. “We believe this program will be beneficial for students and the university in the future,” he concluded.
“So you will take three courses, three exams, maybe a take-home exam. For the course to be delivered for two full days, after that there is an exam, don’t panic don’t be afraid, enjoy. Be a professional student,” he said encouragingly.
“Have a good trip, you will study at a cross-country university, and will interact with friends from Japan. During the 10 days, you can take advantage of this opportunity to get a cross-cultural experience, by studying culture abroad. There you can also discuss how universities manage their graduates, this can be shared with the study program. My message is, be enthusiastic, you will get a lot of knowledge and experience, get friends, and keep the good name of UNS,” he said.
“We would like to invite friends, especially students, to enjoy and understand the topics on poverty. Because the thought on poverty is rather rare, and rarely pursued,” he said.
“We need campuses to support the government in tackling poverty. We hope that through this Academic Forum, students will become interested in pursuing the problem of poverty,” he said.
In this activity, the signing of a Memorandum of Understanding between the Kemenko PMK and UNS on Education, Research, and Community Service was also carried out.
In the afternoon session, a Workshop on Collaboration Strengthening and Stipulation for Collaboration Program Activities was held in the Soedarah Soepono Building Hall FEB UNS. The activity was attended by Deputy 1 of the Kemenko PMK, FEB Leaders, Lecturers, Kemenko PMK Team, TNP2K Policy Team, and Representatives of other faculties.
The Culinary of Development Economics in 2023 is expected to have a great impact in the economic and social fields, because this event prioritizes the cooperation principle, namely ‘from us to us, and for us,’ which has a focus on the development of culinary businesses and art events. Focusing on those aspects is useful for students’ art dissemination and development and, at the same time serves as an entertainment event to strengthen networking among students, especially the undergraduate students in the Development Economics Study Program.
One of the collaboration initiatives that is still in the discussion process is the establishment of a Fiscal Corner. The Fiscal Corner will be a space for collaboration between FEB and the Ministry of Finance.