Indonesian banking to Face
KEA (Komunitas Ekonomi ASEAN)
This general lecture discusses five main topics in facing Economic ASEAN Community, i.e.:
Economic ASEAN Community ASEAN (KEA)
KEA is an integration to create regional economy to become stable, prospherous and competitive. There are free flow investments on goods and services and also capital, that will make economic development to become equilibrium, which is to reduce the rate of poverty and to increase social welfare. For non-financial sectors, it was started in 2015, and for financial sectors, shall be started in the year 2020. KEA will become world’s economic strength, because of the single market based on high productivity and competitiveness. Thus, this will create equal growth, integrated with global economy.
Position of Indonesia in KEA
Indonesia is the largest economy in ASEAN due to high consumption levels reach half the ASEAN consumers. Dependence on imported goods in Indonesia became one of the main attractive investment’s destination.
Financial Market Integration of ASEAN
The regional financial system will be integrated with broader service access to financial services, investment and capital markets.
The entry of new sources of capital is expected to support the growth of Indonesia's domestic economy is high, inclusive, and sustainable.
High level of profitability of banking in Indonesia appeals to the countries of ASEAN to expand its business to Indonesia.
Conditions are now becoming a challenge for the domestic banking system, thus requiring a thorough preparation to face an increasing need. The human resources that have specialists in each field of business will be able to compete and survive in their respective fields chosen business.
Balance of Payments of the Service Sector Revenue and Labor has always showed a deficit for the last 6 years, showing that there is still a lot of homework to improve the quality of Indonesian human resources. Companies in Indonesia are facing problems of shortage of labor which have specialization on the field.
This problem occurs in all levels of management. This condition will be a challenge in line with the increasingly high proportion of the service sector to the domestic production (expected to rise from 36% currently to 55% in 2020). So, feared Indonesia only be viewed as a huge market not as an attractive country for investments correlated to employment.
Policy Implications: How to Be the Winner?
Some of the most important things in order to excel in the competitive era of KEA, among others:
1. Increasing the capabilities and quality of Indonesian human resources to create competitive advantage
2. Improving the business climate and infrastructure development
3. To increase the added value and efficiency of the production of export products
4. The use of standardization to maintain competition and quality
5. Increasing competitiveness of SMEs and entrepreneurs nationwide.
6. Encouraging Policy coordination among agencies and sectors.
7. Increasing the involvement of local stakeholders (governments, etc.) in the face of KEA.
Pembicara: Dr. Halim Alamsyah (Ketua Dewan Komisioner Lembaga Penjamin Simpanan (LPS)
Moderator: Dr. Abdul Salam
Audience: Mahasiswa MM dan S1 Reguler Sore
Tema: Perbankan Indonesia dalam Menghadapi KEA (Komunitas Ekonomi ASEAN)
Tempat/Waktu: Auditorium IBS / 09.00 - 12.00