A warm and enthusiastic atmosphere enveloped this special event in the Indonesian capital market industry. The Indonesian Capital Market Professional Association (PROPAMI), the Indonesian Securities Analyst Association (AAEI), and the Professional Certification Institute – Capital Market (LSP PM) have come together in an extraordinary collaborative step, presenting a capacity building event that aims to increase the competence and insight of the actors domestic capital market, SingaporeÂ (248/23) .
This activity was in the spotlight when this series of events was planned to take place in Singapore and Malaysia, on 24-26 August 2023. Participants who attended included competency assessors at LSP PM, competency certificate holders, experts, academics, professionals, and association representative. They will gather at the Singapore Stock Exchange to explore more deeply the latest dynamics driving one of the global capital markets.
In an era of rapid development and transformation in the capital market industry, professionals are required to continuously update their skills and knowledge. This is the background that underlies PROPAMI, AAEI, and LSP PM to firmly understand the importance of preparing capital market players to be able to face increasingly complex challenges.
David Sutyanto, Chairman of AAEI, emphasized, “In the midst of rapid changes in the financial world, in-depth understanding and increased qualifications are the keys to success in the world of capital markets. Our commitment is to provide the best platform for capital market players to increase understanding and build networks. sturdy.”
This series of capacity building events will include various discussion and training sessions that explore various crucial aspects of the capital market. From regulation to financial technology innovation, participants will be provided with a deeper view of the dynamics affecting the financial world globally.
NS Aji Martono, Chairman of PROPAMI, added, “Our efforts are not only focused on increasing the qualifications of capital market players, but also on generating cooperation and exchanging ideas that encourage growth and innovation in this industry.”
This event has a dimension beyond just an opportunity to dive into the world of capital markets; it is also a platform for strengthening cross-border networks. The presence of participants from Indonesia, Singapore and Malaysia creates opportunities for closer cooperation, which will accelerate the development of capital markets on a regional scale.
Haryajid, Chairman of LSP PM, stressed, “As an institution that places professional capability improvement in the capital market as a priority, we are proud to be involved in organizing this event. It is our hope that the participants will return with invaluable knowledge that can push industry standards to greater heights.” high in the future.”
In facing global challenges and ongoing changes, capacity building events like this are an important foundation for building a solid foundation for capital market growth. By involving leading experts and practitioners, it is hoped that this event will have a sustainable positive impact on the Indonesian economy and industry.
Undeniably, the strong collaboration between PROPAMI, AAEI, and LSP PM is a true testament to their determination to drive sustainable growth in the Indonesian capital market. This capacity building event is an important milestone in the preparation of capital market players to face challenges and opportunities in an increasingly complex future.
North Korea Fires Several Cruise Missiles Towards Yellow Sea: Seoul Military
North Korea fired several cruise missiles towards the Yellow Sea on Wednesday (Jan 24), Seoul’s military said, the latest in a series of tension-raising moves by the nuclear-armed state.
Pyongyang has accelerated weapons testing in the new year, including tests of what it called an “underwater nuclear weapon system” and a solid-fuelled hypersonic ballistic missile.
“Our military detected several cruise missiles launched by North Korea towards the Yellow Sea at around 7am today,” the South Korean Joint Chiefs of Staff said in a statement.
“The detailed specifications are being closely analysed by South Korean and US intelligence authorities,” it added.
Unlike their ballistic counterparts, the testing of cruise missiles is not banned under current UN sanctions against Pyongyang.
Cruise missiles tend to be jet-propelled and fly at a lower altitude than more sophisticated ballistic missiles, making them harder to detect and intercept.
The latest launch comes as South Korea is conducting a 10-day special forces infiltration drill off its east coast, “in light of serious security situations” with the North, that runs until Thursday, according to the South’s navy.
“We will achieve our mission to infiltrate deep into the enemy’s territory and neutralise them completely under any circumstances,” the drill’s commander said in a statement.
Last week, North Korean leader Kim Jong Un declared the South his country’s “principal enemy”, jettisoned agencies dedicated to reunification and outreach and threatened war over “even 0.001 mm” of territorial infringement.
Hours after the missiles were fired by Pyongyang Wednesday, Seoul’s defence minister said North Korea would face the end of its regime if it ever waged war.
“If the Kim Jong Un regime makes the worst choice to start a war, you must become the invisible force that protects South Korea and … eliminate the enemy’s leadership in the shortest possible time and end their regime,” Shin Won-sik said.
Shin made the remarks during his visit to an air force base operating the South’s advanced stealth fighter jets.
Recent months have seen a sharp deterioration in ties between the two Koreas, with both sides jettisoning key tension-reducing agreements, ramping up frontier security, and conducting live-fire drills along the border.
The North Korean leader Kim also said Pyongyang would not recognise the two countries’ de facto maritime border, the Northern Limit Line, and called for constitutional changes allowing the North to “occupy” Seoul in war, the Korean Central News Agency (KCNA) said.
In Seoul, President Yoon Suk Yeol told his cabinet that should the nuclear-armed North carry out a provocation, South Korea would hit back with a response “multiple times stronger”, pointing to his military’s “overwhelming response capabilities”.
At Pyongyang’s year-end policy meetings, Kim threatened a nuclear attack on the South and called for a build-up of his country’s military arsenal ahead of armed conflict he warned could “break out any time”.
Earlier this month, the North launched a solid-fuel hypersonic missile, just days after Pyongyang staged live-fire exercises near the country’s tense maritime border with South Korea, which prompted counter-exercises and evacuation orders for some border islands belonging to the South.
Kim also successfully put a spy satellite into orbit late last year, after receiving what Seoul said was Russian help, in exchange for arms transfers for Moscow’s war in Ukraine.
North Korea Fires Intermediate-range Ballistic Missile: Seoul Military
North Korea fired a suspected intermediate-range ballistic missile on Sunday (Jan 14), Seoul’s military said, days after Pyongyang staged live-fire exercises near the tense maritime border with the South.
“Our military detected one suspected intermediate-range ballistic missile launched from the Pyongyang area towards the East Sea” at about 2.55pm (5.55am GMT), Seoul’s Joint Chiefs of Staff (JCS) said in a statement, referring to the body of water also known as the Sea of Japan.
The statement gave no further details, adding that authorities in Seoul, Washington and Tokyo were analysing the specifications.
“Our military maintains full readiness by closely sharing information related to the launched ‘North Korean missile’ with the US and Japan,” the JCS said.
Japan’s coast guard also confirmed a suspected missile launch by North Korea, citing information from the country’s defence ministry, and warning vessels to take care.
North Korea’s last missile test was of a Hwasong-18 solid-fuel intercontinental ballistic missileÂ (ICBM), which it fired into the East Sea on Dec 18.
The apparent test comes days after North Korea conducted a series of rare live-fire drills near the maritime border with the South, prompting counter-exercises and evacuation orders for some South Korean border islands.
Leader Kim Jong Un also earlier this week branded Seoul his “principal enemy” and warned he would not hesitate to annihilate the South, as he toured major weapons factories.
“The historic time has come at last when we should define as a state most hostile toward the Democratic People’s Republic of Korea the entity called the Republic of Korea,” Kim was reported as saying on Wednesday by the official Korean Central News Agency (KCNA), referring to the two countries by their official names.
Analysts said at the time that the shift was significant, signifying a shift in Pyongyang’s approach to Seoul into “ultra-hawkish mode”.
Relations between the two Koreas are at one of their lowest points in decades, after Kim enshrined the country’s permanent status as a nuclear power into the constitution and test-fired several advanced ICBMs.
Last year, Pyongyang also successfully put a reconnaissance satellite into orbit, after receiving what South Korea claimed was Russian assistance, in exchange for arms shipments for Moscow’s war in Ukraine.
Traditional allies, Russia and North Korea have recently boosted ties anew, with Kim making a rare overseas trip to see President Vladimir Putin in Russia’s far east in September.
Top Russian officials, including Moscow’s defence and foreign ministers, also visited North Korea last year, with the flurry of trips both ways fanning concern among Kyiv’s allies over the possibility of a potential arms deal.
KCNA said on Sunday that Pyongyang’s foreign minister would visit Russia this week.
In 2023, Kim test-fired a string of advanced ICBMs including a purported solid-fuel version.
At Pyongyang’s year-end policy meetings, Kim threatened a nuclear attack on the South and called for a build-up of his country’s military arsenal ahead of armed conflict that he warned could “break out any time”.
Pyongyang declared itself an “irreversible” nuclear power in 2022 and has repeatedly said it will never give up its nuclear weapons programme, which the regime views as essential for its survival.
The United Nations Security Council has adopted many resolutions calling on North Korea to halt its nuclear and ballistic missile programmes since Pyongyang first conducted a nuclear test in 2006.
Indonesia’s Marapi Volcano Erupts Again, a Month After Deadly Incident
Indonesia’s Marapi volcano erupted on Sunday (Jan 14), with ash rising 1,300m from the peak six weeks after a fatal eruption, according to the country’s geological agency.
The volcano in West Sumatra province erupted at least twice by 3.37am GMT on Sunday, the agency said, urging the evacuation of people within 4.5km of the centre of the eruption, with the possibility of lava flows in rivers and valleys.
“In case there’s a rain of ash, we urge residents to also use masks in order to prevent respiratory illness,” the agency said.
In December more than 20 people were killed after Mount Marapi, one of Sumatra’s most active volcanoes, erupted and spewed grey clouds of ash as high as 3km.
Indonesia straddles the “Pacific Ring of Fire”, an area of high seismic activity atop multiple tectonic plates.
Volcanic ash from Sunday’s eruption covered nearby houses, vehicles and evacuation tents set up by the local disaster agency, Reuters footage showed.
A number of residents went to health facilities for respiratory check-ups, and the authorities distributed masks.
Indonesia Temporarily Grounds Boeing 737-9 Max Jetliners After Alaska Airlines Incident
Indonesia has temporarily grounded three Boeing 737-9 Max jetliners, following an incident last week in which an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage.
The three aircraft, grounded since Saturday, belong to the Indonesian budget carrier Lion Air. The decision was made by the countryâ€™s Transportation Ministry in coordination with the U.S. Federal Aviation Administration to ensure the safety and security of flight operations.
An emergency landing on Friday by the Alaska Airlines jetliner prompted U.S. federal authorities to ground some Boeing 737 Max 9 aircraft. The FAA grounded all Max 9s operated by Alaska and United and some flown by foreign airlines for inspection. The inspections are focused on plugs used to seal an area set aside for extra emergency doors that are not required on United and Alaska Max 9s.
The grounded Lion Air planes use a mid-cabin emergency exit door that is different than the one on the Alaska Airlinesâ€™ plane involved in the incident, said Adita Irawati, a Transportation Ministry spokesperson.
Danang Mandala Prihantoro, a spokesperson for Lion Air, said the airline â€œhas taken preventive stepsâ€ by grounding the planes and is â€œcarrying out further inspections on the mid-cabin emergency exit door.â€
In 2019, Indonesia temporarily grounded Boeing 737 Max 8 jets to inspect their airworthiness after a Lion Air plane of that model crashed in October 2018, killing all 189 people on board.
North Koreaâ€™s Kim turns 40. But There Are no Public Celebrations of His Birthday
North Korean leader Kim Jong Un turned 40 on Monday with no announced public celebrations at home, after he entered the new year with artillery barrages into the sea and vows to expand his nuclear arsenal.
Since taking power in late 2011, Kim, the third generation of his family to rule North Korea, is believed to have established an absolute leadership similar to his predecessors. But his birthday has yet to be officially celebrated, unlike his late father Kim Jong Il and grandfather Kim Il Sung. Their birthdays are two of the Northâ€™s biggest holidays and are marked with great fanfare, loyalty campaigns and sometimes massive military parades.
On Monday, North Koreaâ€™s state news agency published a lengthy article extolling Kimâ€™s guidance of major construction projects in the past decade. It also reported Kim visited a chicken farm with his daughter the previous day. But it made no mention of his birthday.
Some observers speculate Kim may think heâ€™s still relatively too young or needs bigger achievements to hold such lavish birthday festivities. Others say the lack of a public birthday bash may be related to his concerns about attention to his late Japan-born mother.
Kimâ€™s headlong pursuit of a bigger nuclear arsenal has invited punishing U.S.-led sanctions, which together with border closures during the pandemic were believed to have badly hurt the Northâ€™s fragile economy. Kim has subsequently admitted policy failures as his vow that North Korea would â€œnever have to tighten their belts againâ€ remained unfulfilled.
â€œFor Kim, itâ€™s still probably politically burdensome to idolize himself as heâ€™s still young and hasnâ€™t accumulated much achievements,â€ said Hong Min, an analyst at Seoulâ€™s Korea Institute for National Unification.
Kim Yeol Soo, an expert at South Koreaâ€™s Korea Institute for Military Affairs, said it will likely take some time for his birthday to become an official holiday because elderly members of the Northâ€™s ruling elite would still think heâ€™s too young.
Birthdays are central to the mythology of Kim Il Sung and Kim Jong Il, who had ruled North Korea with a god-like status since the countryâ€™s founding in 1948.
Their birthdays â€” April 15 for Kim Il Sung, and Feb. 16 for Kim Jong Il â€” are typically celebrated with tributes to their giant statues, dance parties, fireworks and art performances. On some milestone birthdays, North Koreaâ€™s military holds huge parades with goose-stepping soldiers and powerful weapons capable of targeting the U.S. and South Korea.
Kim Il Sungâ€™s birthday was designated as an official holiday in 1968 when he turned 56, according to a website run by South Koreaâ€™s Unification Ministry, which handles relations with North Korea. Kim Jong Ilâ€™s birthday reportedly became an official holiday in 1982, when he turned 40.
North Korea has never formally commented on Kim Jong Unâ€™s birthday. The only time Kim has been honored in public on his birthday was in 2014, when former NBA star Dennis Rodman sang â€œHappy birthdayâ€ before an exhibition basketball game in Pyongyang. The Unification Ministry-run website states that Kim Jong Un was born on Jan. 8.
There are also views that Kim may be worried about bringing unwanted attentions to his mother, Ko Yong Hui, a Japan-born dancer who was known as his fatherâ€™s third or fourth wife. Koâ€™s links to Japan, which had colonized the Korean Peninsula in the past, and the fact that she wasnâ€™t Kim Jong Ilâ€™s first wife, are considered as disadvantageous for Kimâ€™s dynastic rule.
â€œThe fact his mother came from Japan is his biggest weak point that undermines his legitimacy of the Paektu bloodline,â€ Park Won Gon, a professor at Seoulâ€™s Ewha Womans University, said, referring to the Kim familyâ€™s lineage named after the countryâ€™s most sacred mountain.
â€œWhen Kim Jong Unâ€™s birthday becomes an official holiday, he wonâ€™t still publicize details about his birth,â€ he said.
Despite no known public birthday events, experts believe Kim Jong Un faces little political challenge and is expected to intensify his run of weapons tests ahead of the U.S. presidential election in November.
In a key ruling party meeting in late December, Kim vowed to enlarge his nuclear arsenal and launch additional spy satellites to cope with what he called unprecedented confrontation led by the U.S. In the past few days, he had his troops fire artillery shells near the disputed sea boundary with South Korea, raising tensions with his rival.
At Least 4 Dead in Suspected Train Arson in Bangladesh Before Election
At least four people, including a child, died in a suspected arson attack on a passenger train, police said on Saturday (Jan 6), the eve of a general election that the main opposition party is boycotting.
In addition to the deaths, eight were injured when the fire spread to four compartments of the Dhaka-bound Benapole Express around 9pm on Friday.
The main opposition Bangladesh Nationalist Party (BNP), boycotting for the second time in three elections, calls the polls a ploy by Prime Minister Sheikh Hasina’s Awami League to legitimise a sham vote that will deliver her party a fourth straight term.
Hasina, refusing BNP demands to resign and cede power to a neutral authority to run the election, accuses the opposition party of instigating anti-government protests that have rocked Dhaka since late October and killed at least 10 people in the South Asian country.
Last month protesters set a train ablaze, killing four people during a countrywide strike called by the opposition.
Senior BNP official Ruhul Kabir Rizvi said Friday’s incident on the Benapole Express was “undoubtedly an act of sabotage and cruelty against humanity”, blaming the ruling party for it.
Awami League party leaders were not immediately available for comment.
The train fire in Dhaka’s Wari area was brought under control by seven firefighting units after about an hour, fire service official Shahjahan Sikder said.
“Investigation is underway, but it seems the train was deliberately set on fire,” said railway police official Ferdous Ahmed.
An official at the Wari police station said police suspected “sabotage” and would be able to confirm the cause of the fire only after the investigation.
The BNP has asked citizens to shun the poll and called a two-day strike in the country from Saturday.
About 800,000 police, paramilitary and police auxiliaries are to guard polling booths on Sunday. Officials of the army, navy and air force have also been deployed across the country to maintain peace.
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