Digital Transformation and Corporate Valuation: Unveiling the Influence of Digital Maturity in Stocks Return in Indonesian FMCG Industry

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This research investigates the impact of digital transformation on corporate valuation in the Indonesian FMCG industry, focusing on the influence of digital maturity on stock returns. The study examines how technologies like AI, IoT, and data analytics affect financial performance and market perception. Using a quantitative approach, digital activity disclosed in annual reports from 2019 to 2023 for companies listed on the Indonesia Stock Exchange is analyzed. Key variables include digital maturity, profitability, sales growth, and stock return data. Findings reveal a negative and insignificant correlation between digital maturity and stock returns, suggesting higher digital maturity does not lead to better stock performance. The relationship is mediated by non-significant changes in financial performance metrics, indicating digital transformation may not enhance operational efficiency and market competitiveness. Data analytics and process automation showed less significant effects on performance. The study offers insights for corporate managers, investors, and policymakers on the strategic and cautious application of digital technologies.

Customer Preference Analysis on Attributes of Toyota’s EV Shuttles Using Conjoint Approach: A Business Case of the Stones Hotel Bali Collaboration Project

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This study examines Indonesia’s efforts to achieve Net Zero Emissions (NZE) by 2060, with a specific focus on Bali’s pioneering initiatives to reach NZE by 2045. The research primarily investigates sustainable mobility solutions in the tourism sector as an approach to accomplish this goal. The study analyzes customer preferences for Toyota’s xEV (BEV/PHEV/HEV) shuttle services at The Stones Hotel Bali. The objective is to support the hotel in differentiating itself through sustainable practices and support Toyota Indonesia to develop xEV products that are suitable for the market. The study employs Choice-Based Conjoint (CBC) analysis to assess five key attributes: EV rent price, capacity, technology, CO2 emission reduction, and baggage capacity. The results indicate that the most significant attributes affecting customer choices are EV rent price (33.18%), capacity (24.97%), and CO2 emission reduction (18.84%) are the most influential factors in customer decision-making, followed by baggage capacity (15.63%) and EV technology (7.38%). These insights provide a foundation for developing targeted marketing programs and product offerings that align with customer preferences and Bali’s NZE goals, while supporting the broader transition to sustainable transportation in Indonesia’s tourism industry.

Performance Analysis and Optimization Proposal Using Balanced Scorecard Framework for IT Outsourcing Company, PT IT Expert System

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IT outsourcing companies enable businesses to delegate their IT functions, focusing on core activities, cost efficiency, and access to advanced expertise and technology. The success of these companies hinges on employee performance, influenced by factors like psychological well-being, work environment, and organizational culture. In Indonesia, the IT outsourcing industry is rapidly transforming due to increasing demand for digital solutions and technology experts. Companies strive to provide faster, more efficient services while being flexible and adaptable. The IT services market revenue in Indonesia is expected to grow from $4.89 billion in 2023 to $9.07 billion in 2028, driven by digital transformation, supportive government policies, and increased IT infrastructure investments. PT IT Expert System (PT IES), established in 2010, provides IT services like software development and IT outsourcing. Despite sector growth, PT IES’s financial performance has declined, with monthly revenue dropping from Rp. 220 million to Rp. 140 million, affecting liquidity and leading to debt for paying salaries. This financial strain is partly due to 46% of their IT professionals being idle and a lack of software development projects. The research aims to identify the main causes of PT IES’s business problems, determine an appropriate performance management system framework, and establish suitable Key Performance Indicators (KPIs). The root cause identified is the absence of a performance management system, leading to an ineffective appraisal system and poor decision-making. The Balanced Scorecard framework is recommended for PT IES, translating strategic objectives into measurable processes across four perspectives. This framework streamlines performance evaluation and forecasting. The Balanced Scorecard framework proposal includes 4 perspectives, 9 strategic themes, and 18 strategies with key objectives. These strategies are cascaded into 92 business strategies and objectives with 92 KPIs.

Barriers and Challenges in Implementing Clinical Pathway of Sectio Caesarea for Health Workers in a Private Hospital

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Clinical pathway (CP) is one of the requirements required in hospital accreditation standards. It has an important role in controlling quality, and costs and supporting patient safety, especially in cases that have the potential to consume large amounts of resources, one of which is a sectio cesarean (SC). Apart from being able to reduce maternal mortality due to normal childbirth, SC procedures can also cause post-operative injuries. This research explores the barriers and challenges to implementing the sectio caesarean clinical pathway among health workers in hospitals. This qualitative case study research recruited 10 informants consisting of 3 obstetricians, 2 executive nurses, the head of the inpatient room, the head of the operating room, the deputy director of medical services, and 2 patients who had undergone SC at the hospital purposively. In-depth interviews were conducted in March 2024 at a private hospital in Bandar Lampung, Indonesia. Thematic analysis was used for data analysis. Several themes emerged as obstacles to the implementation of CP SC in this research, namely: 1) individuals, 2) patients, 3) infrastructure, and 4) hospital management support. Apart from that, the challenges faced include the need to carry out socialization, monitoring, and evaluation activities, as well as collaborative activities between health workers and hospitals to share experiences to increase compliance in implementing CP SC. Hospital management is expected to provide regular outreach, training, and personal approaches to health workers regarding the implementation of CP SC. Collaboration between professionals and hospitals is also needed to share experiences regarding the implementation of sectio caesarean clinical pathways in hospitals.

Development of Wound Gauze from Hylocereus undatus Dragon Fruit (Pigment) Peel Extract

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The dragon fruit peels (Hylocereus undatus) are typically thrown away as agricultural waste. The disposal of bio-wastes, like peels from dragon fruit and microbiological contamination during their mass breakdown, all contribute to environmental degradation. Peel can be used to extract naturally occurring colour for pigments. The objective of this study is to investigate the feasibility of using the peel of Hylocereus undatus as a coating material for wound healing. The extraction method and potential uses of the pigments derived from the peel will be explored. The study aimed to determine the phytochemical components of Hylocereus undatus (peel) extract and the peel can be utilized as a raw material for pigment extraction due to the betalain content. With the use of a magnetic stirrer extraction, the peel of Hylocereus undatus was extracted with aqueous extraction. Thin layer chromatographic techniques are used to identify the pigment components. In the present study, we recorded both UV-VIS and FT-IR profile of peel extract to known the various phytoconstituents and determine the functional group present in Hylocereus undatus (white dragon fruit). The pigment needs to be applied to the wound gauze, and the stain resistance should be evaluated by determining how well the wound gauze can withstand contamination from the outside coating. Furthermore, the pharmaceutical and nutraceutical sectors are interested in Hylocereus undatus peel due to its components, which may have potential health applications such as anti-inflammatory, antioxidant, antibacterial, and anti-cancer characteristics

Legal Efforts of the Indonesian Government for the Protection of Marine Resources Due to Damage to Marine Ecosystems by Fishermen

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As a huge maritime country, Indonesia has tremendous potential for marine resources. Indonesia is the largest tropical marine country in the world and has the largest biodiversity in the sea. The potential of marine biological resources in Indonesian waters has always been able to provide optimal benefits for the economic and socio-cultural development of the community. However, many fishermen conduct fishing easily and destructively (destructively fishing) of marine ecosystems using fishing gear that is not environmentally friendly to meet the demand for fish needs.  The perpetrators use Dupont Lannate chemicals containing Methomil with mashed fish and then spread it into the sea, then pick up the dead fish.  The use of chemical poisons can kill the animals that make up the coral so that the coral becomes discolored which eventually dies and other fish that are not targeted also die. Therefore in this study, the author examines law enforcement in Indonesia’s marine territory to protect the biodiversity of Indonesia’s marine areas. this study uses a Normative research type that examines national and international legal arrangements regarding the protection of the marine environment. Therefore researchers examine the regulation and effectiveness of law enforcement in Indonesia.

Reproductive Evaluation of Beef Cattle Inseminated with Frozen Semen of Wagyu Cattle in Situbondo District

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Evaluation of the success of Artificial Insemination (AI) aims to determine the value of reproductive efficiency of a livestock group. This study aimed to evaluate the success of AI using frozen semen of Wagyu cattle based on S/C, NRR, CR, CvR, and weaning rate in Situbondo District. The material used was secondary data in the form of AI data from 184 beef cows that have been inseminated with frozen semen of Wagyu cattle in Situbondo District. The method used was quantitative research. The results showed that reproductive evaluation of cows that have been inseminated with frozen semen of Wagyu cattle had S/C value of 2, NRR1 of 64%, NRR2 of 55%, CR of 49%, CvR of 53%, and weaning rate of 44%.

Impact of Anthropogenic Activities on Vandiyur Lake: An Ecological and Chemical Analysis

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This study investigates the environmental and ecological health of Vandiyur Lake in Madurai City, Tamil Nadu, India. GIS mapping reveals the lake’s proximity to residential and commercial areas, contributing to pollution from various sources, including domestic, hospital, and industrial sewage. Chemical analysis shows alterations in the lake’s pH, dissolved oxygen, CO2, and phosphate levels. The lake also suffers from the overgrowth of the invasive species Eichhornia crassipes. Despite these challenges, the lake serves as a crucial source of groundwater and supports local fishing activities. The study underscores the urgent need for sustainable management practices to preserve this vital ecosystem.This study investigates the environmental and ecological health of Vandiyur Lake in Madurai City, Tamil Nadu, India. GIS mapping reveals the lake’s proximity to residential and commercial areas, contributing to pollution from various sources, including domestic, hospital, and industrial sewage. Chemical analysis shows alterations in the lake’s pH, dissolved oxygen, CO2, and phosphate levels. The lake also suffers from the overgrowth of the invasive species Eichhornia crassipes. Despite these challenges, the lake serves as a crucial source of groundwater and supports local fishing activities. The study underscores the urgent need for sustainable management practices to preserve this vital ecosystem.

Investment Analysis of LNG Storage Facility Development in Indonesia

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The gas industry has had remarkable growth in recent years due to cleaner combustion, and LNG stands at the top of the gas industry as its flexibility and transportability made it an attractive option. Indonesia that has geographical advantage provides natural advantage to become a central player in the global LNG market. However, investment decisions related to new LNG storage facilities are faced with uncertainties and challenges including volatile energy markets, fluctuating LNG prices, geopolitical risks, evolving environmental regulations, and technological changes. This study assesses the feasibility of developing an LNG storage facility in Indonesia. Commercially, it is feasible due to growing LNG demand and Indonesia’s strategic advantages. An LNG storage facility with 180.000 m³ capacity is feasible, showing an NPV of $33.7 million, an IRR of 10.96%, a payback period of 14.61 years, and a Profitability Index (PI) of 1.26. Increasing the tank capacity to 200.000 m³ improves feasibility with an NPV of $44.3 million, an IRR of 11.61%, a payback period of 13.67 years, and a PI of 1.32. Integrating with existing infrastructure further enhances feasibility, yielding an NPV of $77.7 million, an IRR of 14.10%, a payback period of 11.04 years, and a PI of 1.56.

Dramatization and Theater Performance: An Approach to the Teaching and Learning of English Literature

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This case study investigated the integration of drama in English literature teaching in a British literature course for English majors at Ho Chi Minh City Open University. It attempted to explore the underlying teaching strategies through dramatization. The primary data was collected through qualitative methods, the interview and observation to get a clear picture of how drama-based lessons were conducted and brought to theater performance. The study revealed several significant findings. First, dramatization bears some resemblance to Process Drama (Kao and O’Neill 1998) in its techniques. Therefore, the researcher was able to devise a set of teaching techniques in relevance to dramatization. The consolidation of the main phrases and steps was proposed to implement dramatization effectively in this English literature class. The researcher argued that the integration of creative drama into English literature teaching was deemed effective and had the potential in building the learners’ understanding and appreciation of English literature. It is also noticeable that the performance of students’ works on stage enhanced learners’ appreciation and viewers’ literary experience.