APEI-Ajaib Collaboration Holds Golf Tournament for Capital Market Players and Securities Companies

COLLECTING the Magic platform, the Association of Indonesian Securities Companies (APEI) held a series of golf tournaments at the Royale Golf Club, Jakarta, which was also attended by the directors of the Capital Market Self Regulatory Organization (SRO) and members of Indonesian securities companies.

The event is an initiative held as a means of socializing and informal gatherings between Capital Market actors and stakeholders so that good communication can be established to jointly advance the Indonesian financial industry.

President Director of the Indonesia Stock Exchange (IDX) Inarno Djajadi, Commissioner of the Indonesian Central Securities Depository (KSEI) Ito Warsito, Chairman of APEI Rudy Utomo, and CEO of Ajaib Group Anderson Sumarli opened the event by hitting the first golf ball to mark the official start of the event.

The chairman of the Indonesian Securities Companies Association, Rudy Utomo, said the golf tournament was full of miracles, because this was the first time the event was held again during the pandemic after previously being routinely held every year.

« I hope that the implementation of this tournament will work wonders for all those present and involved after several years of not being able to be held due to the pandemic, » he said.

This annual routine activity is carried out in order to increase the synergy between members of Indonesian securities companies in advancing the financial industry, especially the Indonesian capital market.

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“The involvement and synergy of support from Indonesian securities companies is absolutely necessary to build the national financial industry. Especially in the current digital era, we want to encourage the acceleration of financial inclusion and economic acceleration by continuing to educate and improve public literacy, especially the younger generation, » said Independent Commissioner Ajaib Adikin Basirun.​

President Director of PT Ajaib Sekuritas Asia Anna Lora added, « Seeing the positive trend and the surge in capital market growth in the era of digital financial services, collaboration between stakeholders is needed to be stronger.

« In the future, Ajaib will continue to spur product development so that it continues to consistently provide education for the younger generation, especially Indonesian novice retail investors, » he said.

The expansion of financial literacy is one of the keys in advancing the nation. Good financial inclusion is also able to encourage economic growth. Therefore, efforts to improve the financial literacy of the Indonesian people need to be carried out in a more systematic, structured, and coordinated manner.

For the record, the Financial Services Authority estimates that fundraising in the Indonesian capital market will increase in the range of Rp. 125 trillion to Rp. 175 trillion. Meanwhile, the market capitalization has reached IDR 8,252 trillion as of December 30, 2021. This figure is the second best in ASEAN after Thailand.

On the other hand, investors in the capital market also jumped quite significantly to 7.5 million at the end of 2021, an increase of 93% compared to 2020, of which more than 80% are millennial investors. Fundraising in the capital market also increased to Rp363.3 trillion, up 206% from 2020 and became the best in the Asia Pacific region. (RO/OL-7)