There Are Many Worries, This Is Why the Jogja Financial Festival Is Being Held
Jakarta, CNBC Indonesia - The Chair of the Board of Commissioners of the Deposit Insurance Corporation (LPS), Anggito Abimanyu, spoke candidly about the organisation of Jogja Financial Festival 2026. He said the event is not merely a festival about the economy, investment and financial literacy. It is also a gathering of ideas, courage and hope for Indonesia’s youth.
Moreover, he has witnessed worrying phenomena: young people easily open investment accounts but are not yet able to plan their finances. Additionally, illegal online lending is growing rapidly, digital gambling is seeping in through technology platforms, financial crime is thriving and fake investments continue to occur by exploiting the population’s low level of financial literacy.
“This (Jogja Financial Festival 2026) is a place for young people to learn that shaping the future isn’t just about seeking financial gains but about building resilience, mastering technology, mitigating risk, maintaining dignity and creating opportunities,” he said at Jogja Expo Center (JEC), Yogyakarta, on Friday (22 May 2026).
Therefore, in his view, technology must not outpace the ethics of financial literacy and financial responsibility as a nation. Especially since Indonesia has 190 million people of working age. This figure is the largest demographic dividend in the history of the Republic of Indonesia.
“They are not merely consumers of financial apps but productive investors, new entrepreneurs, innovators, and drivers of the national economy,” he concluded.
For reference, the festival itself will be attended in person by more than 10,000 people from across regions, professions, education levels and generations. The festival is also expected to change the approach to financial literacy, which must not be exclusive, and should be presented in simple, popular, creative language and be close to everyday life.
“Therefore, we are introducing a more inclusive approach involving schools, universities, creative communities, SMEs, digital media, national and local artists, and even sporting activities,” Anggito said.
Additionally, the festival will feature Jogja Run the City, which traverses the area around Gadjah Mada University and the City of Yogyakarta. The event is participated in by more than 5,000 runners at national and regional levels. And importantly, funds raised from the event will be allocated to scholarship programmes.
“We believe financial inclusion without social concern will give rise to a society that is economically intelligent but lacking in empathy,” he concluded.