The objective of this study is to analyze whether, despite the international equity liberalization and growing world financial integration, Indonesian investors can be beneficial from international diversification. The study covers both emerging markets (Indonesia, Philippines, Malaysia, Thailand, Korea, China, and Taiwan) and developed markets (USA, UK, Japan, Singapore, and Australia) over the period of January 1 The analysis provides the evidence of integration berween Indonesian market and international markets. The findings suggest that Indonesian investors have more chance to gain international diversification benefit from developed markets rather than emerging markets as the Indonesian market has low level of integration compared to developed markets.
PT. XYZ is a company that produces chicken nugget. The company faces quality problems, namely the discovery of defective products. The purpose of this research was to identify and analyze the factors causing the occurrence of defective products in the chicken nugget production process; analyze product quality and propose improvements in improving product quality. The data collection techniques used were interviews, observations and documentation conducted for 1 month on February 13, 2020 to March 13, 2020. The Six Sigma method chosen in this study as an approach to the problem that consists of 5 stages, namely, Define, Measure, Analyze, Improve and Control. The value of Six Sigma for each process was 3.69 (Industry average in Indonesia) for the selection and preparation of raw materials, 4.1(Industry average in Indonesia) dough cutting process and 4.3 (Industry average in USA) for the coating process of cuts. The proposed strategy is divided into 6 short-term proposals and 4 long-term proposals. If this defect product problem is solved, it can maintain the brand image, reputation, profitability, and sustainability of the company. Some proposed improvements that have been applied were found to decrease the number of defects as much as 48% in dough cutting process and coating of cuts. In addition, the company could potentially maximize profits by by cutting losses by approximately 8 million rupiah/year.
Indonesian oil reserves and production are greatly influenced by investment. The focus of the study is to evaluate governance options to boost investment through appropriate fiscal regime and non-fiscal policies. The main aspect of the fiscal regime to increase investment is cost recovery. When cost recovery is still interpreted as a burden on state finances and there is still a stigma that contractors commit fraud in cost recovery, it is then a big challenge for oil and gas contractors to maximize investment and for regulator in giving approval on budget. Flexible Split and First Trance Petroleum (FTP) are the 2nd highest priority to improve to accommodate dynamic situation on the oil industry such as oil price fluctuation and size of reserves. Incentives and windfall profit treatment are the other key issues on fiscal. Sufficient geological surveys and researches are crucial things to attract investment. The duration of a contract that is only 30 years is too short to maximize the contractors return because of lengthy period for exploration, construction and drillings prior production. Combination of NOC dominated and Separation of Power model seems to be the best governance model. Partnership between Pertamina and multi-national company will facilitate investment funding.
Society 5.0 has created a digital transformation phenomenon that provides new opportunities and challenges for all industries, including the banking industry. Bank X developed a digital banking service, namely X Super-App, to face the phenomenon. This research aims to examine the acceptance of X Super-App by identifying user characteristics and analyzing the influence of personal factors and social influence factors on X Super-App acceptance using the technology acceptance model and the theory of planned behavior variables. The sample in this study was 191 respondents selected by the purposive sampling technique. Data analysis used the SEM PLS method, and the descriptive method refers to questionnaires data, and literature studies. The results showed that personal and social influence factors significantly affected the acceptance of X Super-App. The proposed solutions are adding new features to the X Super-App and maintaining the stability of the X Super-App.
This paper discusses the effects of the inflation targeting framework on a number of macroeconomic variabels in Indonesia, especially after the enactment of Law No. 23/1999. The objectives of the paper are: (1) to describe the independence aspect of the inflation targeting policy; and (2) to highlight the effects of the inflation targeting on a set of main macroeconomic variables.The anaysis uses the Vector Autoregression (VAR) approach, emploting the time series data during the periode of 1998:1 to 2003:6. The main results of this research are: (1) The Central Bank (BI) independence is not yet effective in the implementation of the inflation targeting; (2) the shock on the interest rate affects price level and the exchange rate trivially; and (2) the factors that influence price’s variability are the base money, the interest rate, and the exchange rate. In the long run, a shock to the base money is more important than to the interest rate and to the exchange rate. The study suggests to use base money as the policy instrument of the monetary policy, instead of the short term interest.Keywords: monetary policy, independence, inflation targeting, VARJEL Classification: C32, E31, E52
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