The 8th IPAF Training Seminar

Despite the balanced risks to global growth and the potential for a soft landing, several factors continue to pose risks to financial stability. These include central banks raising policy rates to combat inflation, withdrawing financial support amidst high debt levels that weigh on economic activity, and sluggish basic productivity growth. Additionally, ongoing challenges such as commodity price spikes resulting from geopolitical shocks and deepening woes in the property sector cast a shadow over the entire fiscal recovery efforts in the region. More efficient multilateral coordination and knowledge sharing within implementing organizations are needed for debt resolution to prevent non-performing loans (NPLs) distress and create space for necessary investments in individual economies.

With a goal of providing a program that will promote sustainable recovery growth and enhance resilience in the face of economic uncertainty, the Asian Development Bank (ADB) in partnership with the Indonesian Public Asset Management Corporation, PT Perusahaan Pengelola Aset (PPA) will hold the 8th IPAF Training Seminar on 22–23 April 2024. The program aims to address the potential surge in NPLs and capacity building of relevant institutions/personnel. Tailored for participants from public asset management companies (AMCs), deposit insurance companies (DICs), and government officials from ADB developing member countries (DMCs) in the region, the program seeks to equip attendees with advanced strategies for NPL management. Key focus areas include:

 a) Conducting comprehensive assessments of NPL trends leveraging efficient operational and legal frameworks.
 b) Facilitating foreign capital investment in the NPL market and streamlining online NPL transactions.
 c) Exploring the expanded role of public AMCs and DICs and fostering collaborative partnerships.

Agenda

TimeEventSpeaker

DAY 1
April 22 (Mon)

Fostering Increased Foreign Investment in NPL Market and Facilitating NPL Transaction in Asia

Master of Ceremonies: Ms. Diska Dewi

08:30-09:00
(30 mins)

Registration

09:00-09:10
(10 mins)

Welcome Remarks

Mr. Muhammad Teguh Wirahadikusumah
President Director, PPA

09:10-09:20
(10 mins)

Opening Remarks

Mr. Tominaga, Jiro
Country Director, IRM, ADB

09:20-09:40
(20 mins)

Keynote Presentation:
Asian Economy and Financial Stability Outlook

Mr. Jong Woo Kang
Director, ERCI, ERDI, ADB

09:40-09:45
(5 mins)

Photo Session

09:45-09:50
(5 mins)

Introduction
Course Overview and Participants

Ms. Inyoung Hwang
Regional Cooperation Specialist ERDI, ADB

09:50-10:00
(10 mins)

Break

10:00-12:30
(150 mins)

SESSION 1

Challenges and Opportunities for foreign Capital Investing in Asian NPL Market

Moderator:
Mr. Nicholas Moller
Principal Counsel, Office of the General Counsel, ADB

10:00-10:15
(15 mins)

The Big Picture: Trends in Insolvency Law and Policy

Mr. Nicholas Moller
Principal Counsel, Office of the General Counsel, ADB

10:15-10:45
(30 mins)

Navigating Legal and Financial Hurdles: Insights for Foreign Capital Investing in the Asian NPL Market

Mr. Andrew Deszcz
Legal Advisor, King & Wood Mallesons

10:45-11:15
(30 mins)

[Country Case]

Debt Ratio and Legal & Regulatory Frameworks Governing NPL Management in Various Asian Jurisdictions

  • ROK

Ms. Seonhee Ko
Senior Manager
Korea Financial Supervisory Service (FSS)

11:15-11:25
(10 mins)

Break

11:25-11:55
(30 mins)

Unlocking Value: Strategies for Foreign Private Equity, Investment Banks, and Institutional Investors in the Asian NPL Market Investor Perspectives

Successful Cases of Foreign Investment in NPL

Mr. Johannes Raschke
Senior Investment Officer
Distressed Asset Recovery Program (DARP)
International Finance Corporation, Singapore

11:55-12:35
(40 mins)

Panel Discussion and Q&A

12:35-14:05
(90 mins)

Networking Lunch

14:05-16:35
(150 mins)

SESSION 2

How to Facilitate NPL Transaction

Moderator:
Mr. Alexander Raabe
Economist, ERDI, ADB

14:05-14:55
(50 mins)

Legal and Regulatory Framework for NPL Online Trading and Platforms and Case Studies in ROK and Viet Nam

Ms. Sungmee Hong
Partner Lawyer, Lee & Ko

Mr. Nguyen Ngoc Sang
Lawyer, Lee & Ko

14:55-15:35
(40 mins)

Data Requirements for Trading and Valuing NPLs and Blueprint for NPL Online Trading Platforms

Mr. Burkhard Heppe
CTO, NPL Markets

15:35-16:05
(30 mins)

Strategic Framework for Developing NPL Markets

Ms. Inyoung Hwang
Regional Cooperation Specialist ERDI, ADB

16:05-16:35
(30 mins)

Panel Discussion and Q&A

16:35-17:35
(60 mins)

IPAF Member Retreat

18:00-20:00
(120 mins)

Welcome Dinner and Networking

DAY 2
April 23

Beyond Public AMCs and DICs: Advancing to the Next Level

09:00-09:30
(30 mins)

Registration

09:30-09:35
(5 mins)

Introduction of the 2nd Day Course

Ms. Inyoung Hwang
Regional Cooperation Specialist ERDI, ADB

09:35-12:30
(140 mins)

SESSION 3

Exploring the Expanded Role of Public AMCs

Moderator:
Ms. Inyoung Hwang
Regional Cooperation Specialist ERDI, ADB

09:35-10:00
(25 mins)

[Country Case] Indonesia

SOE Restructuring and Revitalization

Mr. Rizka Ariesnawan Putranto 
Head, Restructuring and Revitalization Division 1
PPA

10:00-10:25
(25 mins)

[Country Case] ROK

Supporting SME Normalization and Capital Market Revitalization

Mr. Jongnam Kim
Senior Manager, Corporate Support Management Division, KAMCO

10:25-10:50
(25 mins)

[Country Case] ROK

Household Economic Recovery Support Programs in ROK

Ms. Inha Shin
Manager, Household Support Division, KAMCO

10:50-11:00
(10 mins)

Break

11:00-11:25
(25 mins)

[Country Case] PRC

The Effectiveness of AMC Industry from an Institutional Perspective

Mr. Li Chuanquan
Vice Chairman and Chief Strategy Officer, ZSAMC

11:25-11:50
(25 mins)

[Country Case] Uzbekistan

State Property Management

Mr. Vokhidjon Tojiev
State Assets Management Agency (UzSAMA)

11:50-12:30
(40 mins)

Panel Discussion and Q&A

12:30-14:00
(90 mins)

Networking Lunch

14:00-16:00
(120 mins)

SESSION 4

Promoting Collaboration Between Public AMCs and DICs for Financial Stability

Moderator:
Mr. Begzod M. Djalilov
Senior Economics Officer CWRD, ADB

14:00-14:30
(30 mins)

Collaborative Strategies Between AMCs and DICs: A Well-Designed Financial Safety Net

Mr. Dongsoo Kang
Senior Director, Korea Development Institute

14:30-15:00
(30 mins)

Cooperation Among Restructuring Authorities: Navigating Through Financial Distress Together

Mr. Hyosuk Ryu
Senior Manager Korea Deposit Insurance Corporation

15:00-15:30
(30 mins)

Financial Sector Infrastructure in Malaysia and Strengthening Cooperation Among Safety-Net Players

Mr. Melvin Lim
Head, Intervention & Resolution of Complex Member Institutions Malaysia Deposit Insurance Corporation (PIDM)

15:30-16:00
(30 mins)

Panel Discussion and Q&A

16:00-16:15
(15 mins)

Break

16:15-16:50
(35 mins)

SPECIAL TALK

Strategies for Publishing Credible NPL Monitoring Reports in Asia: NPL Initiative and NPL Monitor published by EBRD

Mr. Dejan Vasiljev
Associate Director, Capital & Financial Markets Development Team, EBRD

Ms. Namjee Han
Senior Manager, International Business Division, KAMCO

16:50-17:00
(10 mins)

Evaluation

17:00-17:10
(10 mins)

Closing Remarks

Mr. Adi Pamungkas Daskian
Director of Investment Danareksa

17:10-17:30
(20 mins)

Certificate Presentation (Photo session)

Mr. Jong woo Kang
Director, ERDI, ADB
&
Mr. Muhammad Teguh Wirahadikusumah
President Director, PPA

Speakers

Presentations

Keynote Presentation: Asian Economy and Financial Stability Outlook
                                 Jong Woo Kang

Session 1: Challenges and Opportunities for foreign Capital Investing in Asian NPL Market
Session 2: How to Facilitate NPL Transaction
Session 3: Exploring the Expanded Role of Public AMCs
Session 4: Promoting Collaboration Between Public AMCs and DICs for Financial Stability
Special Talk

Photos

Opening Session

In the photo: Danareksa Director of Risk Management Avianto Istihardjo, Danareksa Director of Human Capital & Legal Muhammad Irwan, ERCI Director Jong Woo Kang, PPA President Director Muhammad Teguh Wirahadikusumah, IRM CD Jiro Tominaga, PPA Director of Investment Ridha Farid Lesmana, PPA Director of Finance & Risk Management Tree Asih Putra Sianturi, and ERCI Regional Cooperation Specialist Inyoung Hwang participate in the opening session.

Session 1: Challenges and Opportunities for Foreign Capital Investing
in Asian NPL Market

In the photo: OGC Principal Counsel Nicholas Moller moderates the session on “Challenges and opportunities for foreign capital investing in Asian NPL market.” Speakers and panelists include Korea Financial Supervisory Service’s Officer Seonhee Ko, King & Wood Mallesons Legal advisor Andrew Deszcz, and IFC Senior Investment Officer Johannes Raschke.

Session 2: How to Facilitate NPL Transaction

In the photo: ERCI Economist Alexander Raabe facilitates the Session on Facilitating NPL Transactions. Speakers and panelists include ERCI Regional Cooperation Specialist Inyoung Hwang, NPL Markets CTO Burkhard Heppe, Lee&Ko Lawyer Nguyen Ngoc Sang, and Lee&Ko Partner lawyer Sungmee Hong.

Session 3: Exploring the Expanded Role of Public AMCs

In the photo: ERCI Regional Cooperation Specialist Inyoung Hwang moderates the Session on Exploring the Expanded Role of Public AMCs. The panel consists of PPA Head of Restructuring and Revitalization Division Rizka Ariesnawan Putranto, KAMCO Senior Manager Jongnam Kim, KAMCO Manager Inha Shin, ZSAMC Vice President and Chief Strategy Officer Li Chuanquan, and UzSAMA Chief Specialist Vokhidjon Tojiev.

Session 4: Promoting Collaboration Between Public AMCs and DICs
for Financial Stability

In the photo: URM Senior Economics Officer Begzod M. Djalilov moderates the session on Promoting Collaboration between public AMC and DIC for Financial Stability. Speakers and panelists include Korea Development Institute Senior Director Dongsoo Kang, Korea Deposit Insurance Corporation Senior Manager Hyosuk Ryu, and Malaysia Deposit Insurance Corporation Intervention & Resolution of Complex Member Institutions Head Melvin Lim.

Retreat Session

In the photo: PPA Head of Restructuring and Revitalization Division Rizka Ariesnawan Putranto, Ms. Soohee Hwang, Team Head, International Business Department, Korea Asset Management Corporation, Ms. Pham Ngoc Minh Anh, Officer, NPLs Trading and Investment Department, Vietnam Asset Management Company and Mr. Nursultan Kurmanov, Deputy Director, Corporate Development Department, Funds and Problems Loans, KAZ who joined virtually participate in the IPAF Members’ retreat session.

Special Talk

In the photo: EBRD Associate Director for Financial Markets Development Team Dejan Vasiljev (joined virtually, top photo onscreen) and KAMCO International Business Division Senior Manager Namjee Han present the NPL monitor published by EBRD, "Strategies for Publishing Credible NPL Monitoring Reports in Asia."

Awarding Ceremony

In the photo: The training seminar ends with the distribution of certificates to representatives of IPAF general and associate members.

In the photo: Representatives from Bangladesh, Malaysia, Mongolia, Kazakhstan, Uzbekistan, Indonesia, and Viet Nam also receive their certificate of attendance at the end of the training seminar.

Videos

The 8th IPAF Training Event Venue Walkthrough Video

Travel Advisory

About the Airport

Indonesia has severe laws prohibiting conduct that is againts PP and other regional laws. For more details, click here.

Activities

Foreigners can utilize the Exempt Special Visit Visa for Tourism and the Special Visit Visa on Arrival for Tourism to engage in the following actitivies:

  • Tourism Purposes
  • Government official visits
  • Business meetings
  • Purchase visits
  • Conferences
  • Transit in Indonesia
Period of Stay

Non-Indonesian citizens are authorized to remain in Indonesia for a duration of 30 days, and this stay permit cannot be prolonged. Travelers under visa exemptions are not allowed to engage in employment activities and are ineligible to apply for an onshore visa within Indonesia.

Application Procedure and Requirements
  • Passport that remains valid for a minimum of 6 (six) months.
  • A return ticket or a connecting ticket for onward travel to different destination.
Additional Requirements

Evidence of having received the complete COVID-19 vaccine dosage.

Please kindly check the international travel health guidelines for entering Indonesia on the following website: https://covid19.go.id/id


About VISA

COUNTRIES THAT ALLOW SPECIAL VISA-FREE VISITS

  1. Brunei Darussalam
  2. Philippines
  3. Cambodia
  4. Lao PDR
  5. Malaysia
  6. Myanmar
  7. Singapore
  8. Thailand
  9. Viet Nam
  10. Timor Leste

LEGAL BASIS

  • Regulation No.29 of 2021 issued by the Minisiter of Law and Human Rights regarding Visas and Residence Permits
  • Regulation No.9/PMK.02/2022 issued by the Minister of Finance regarding Immigration Service Types and Tariffs in the Ministry of Law and Human Rights for Non-Tax State Revenue
  • Circular Letter IMI-0549.GR01.01 of 2022 by the Acting Director General of Immigration regarding Immigration Assistance to Promote Sustainable Tourism Amidst the Covid-19 Pandemic

PASSENGER LUGGAGE

  • It is prohibited to import or export items such as sharp objects, hazardous chemicals, and illegal drugs in Indonesia.
  • There are limitations on liquids, aerosols, and gels that travelers can carry aboard international flights.
  • Passengers are allowed to use and carry procedural restrictions such as liquids, aerosols, and gels on flights, including items such as alcohol, cosmetics, medicines, and daily necessities, with the following conditions:
    • Carried by the passengers themselves before entering the airport.
    • These items can be obtained or purchased at airport duty-free shops and/or onboard.
    • Containers for liquids, aerosols, and gels should not exceed a maximum capacity of 100 ml or an equivalent size.
    • These containers must be placed inside a transparent plastic bag with a maximum capacity of 1000 ml, 1 liter, or a similar size, and the bag should have a securely fastened cover

The liquid, aerosol,and gel requirement does not apply to the follow ing items:

  1. Medications
  2. Baby foods, beverages, and milk
  3. Special dietary foods and beverages

Liquids,aerosols, and gels must adhere to the specified capacity limits. If passengers exceed the allowed quantities outlined inthe regulations, airport security personnel are authorized to confiscate their checked baggage (stored luggage) or other possessions.

Liquids, aerosols, or gels obtained from duty-free shops or onboard must meet the followingconditions:

  1. The containers holding these substances should be enclosed in a transparent plastic bag supplied by the duty-free shop manager and securely sealed.
  2. Evidence of purchase must be presented.
  3. These items should be segregated from other baggage during inspection.

Penalties will be enforced as per the relevant regulations for any breaches of the rules concerning the transport of liquids, aerosols, and gels in the aircraft cabin by passengers.


VEHICLES INFORMATION AT JAKARATA SOEKARNO-HATTA INTERNATIONAL AIRPORT
  • PT Perusahaan Pengelola Aset (PPA) does not offer transportation services,.Participants may utilize transportation services that are available at the airport, including tax i, rental car, and other public transportation.
  • Indonesia's transportation service applications you can download on your phone:
    1. Grab
    2. Go Car
    3. Taxi

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