Review on the Risk Assessment to Determine Guarantee Fee Standardization (Case Study: PT XYZ, Jakarta)

/0 Comments/in /by

This article thoroughly examines the process of creating a guarantee fee structure based on risk assessment, specifically focusing on PT XYZ as a case study. This addresses the necessity for a systematic methodology to ascertain guarantee fees that precisely reflect the related risks while guaranteeing fairness and openness. The report emphasizes the significance of infrastructure development in driving Indonesia’s economic growth and the contribution of state-owned firms such as PT PII. The existing techniques for determining guarantee fees are uneven and need a systematic approach, resulting in protracted negotiations and possible biases. This study seeks to close this divide by presenting a standardized approach derived from thoroughly examining existing literature and evaluating risk factors. These risk factors encompass credit rating, financial stability, loan duration, guarantee scope, project intricacy, past performance, and contingency planning. The methodology’s success is demonstrated through its application to PT XYZ Project A, validating its practicality. The results highlight the framework’s capacity to offer transparent and fair calculations of guarantee fees that precisely represent the risk profiles of projects.

Optimizing Electrical System Performance at PTKP Coal Mining Company: Navigating Operational Challenges, Capitalizing on Load Growth, and Preparing for Future Energy Needs

/0 Comments/in /by

PTKP Coal Mining Company, a prominent player in the Indonesian coal mining industry, faces operational challenges in optimizing its power generation capacity following the termination of a contract with the national electricity company in 2020. This study employs a mixed-methods approach, combining qualitative insights from interviews with key stakeholders and quantitative data analysis using the Analytic Hierarchy Process (AHP), to provide a comprehensive and structured framework for project prioritization and resource allocation. The qualitative results reveal a multifaceted approach to addressing the company’s operational challenges, focusing on improving asset utilization, reassessing operational strategies, optimizing operational flexibility, and adapting to load changes. The AHP analysis offers a robust decision-making framework, considering multiple criteria such as economic feasibility, strategic alignment, regulatory compliance, technical feasibility, and environmental impact. The prioritization of projects showcases the strategic significance of each initiative, with Project E emerging as the top priority, followed by Project G, and Projects B, H, and M forming the middle tier. This structured approach enables PTKP Coal Mining Company to navigate complex challenges, remain agile in changing market conditions, and effectively leverage its assets and capabilities to achieve its objectives and drive long-term success. The study highlights the strengths of the AHP methodology in guiding strategic planning and resource distribution while shaping decision-making processes across the organization. However, the research also acknowledges limitations, such as the reliance on a small sample size, the focus on a single company, and the emphasis on the prioritization phase. Future research directions are proposed to address these limitations and further enhance the understanding and effectiveness of structured decision-making approaches in the energy sector and beyond, ultimately contributing to the alignment of corporate strategies with broader societal goals and sustainable development.

Politics of Mining: Ecological and Economic Dynamics in Maluku Utara

/0 Comments/in /by

The  mining issue in North Maluku Province has become a primary focus, resulting in serious impacts on the economic and investment climate. Challenges related to mining activities include environmental damage, pollution, land conflicts, illegal operations, and licensing issues. The conflict of interest among mining companies, the government, and local communities is worsening over time due to unmet community needs and a shift from protests to resistance. Factors influencing the escalation of conflict include centralization in decision-making regarding mining resources by the government, reducing the participation of local communities in policy processes. Additionally, the lack of concern from mining companies for the welfare of local communities, particularly regarding compensation and social impacts, is also a cause of escalating conflict. This research utilized a descriptive qualitative method. The research findings indicate that community opposition to mining concession policies is caused by neglect of the rights of local communities in terms of compensation, discriminatory treatment in workforce recruitment, and environmental damage post-mining. This underscores the need for holistic and sustainable solutions to resolve mining conflicts in the region, considering the interests of all involved parties.

Capacity Planning to Increase Mechanic Availability in After-Sales Service at PT. Elang

/0 Comments/in /by

After-sales service is critical in selling products such as heavy equipment, which require maintenance from mechanics who understand the product. PT. Elang is one of Indonesia’s heavy equipment distributors and provides service support after purchase. The company currently struggles to manage the mechanics for repair requests from customers. Most of the time, the mechanics are already dispatched for regular maintenance, so repair requests are challenging to respond quickly to because of the unpredictable nature of the case. Complaints and bad reviews on after-sales service lead to lost customers and significant revenue loss. This study aims to identify the gap between current and ideal capacity, look for the root causes through the business process review to find where improvement is needed and provide a suitable solution for the company. The qualitative and quantitative methods were used in this study. The qualitative method was through interviews and discussions with the head of service support and the branch operation head to understand the situation and process. The business process related to the issue was then analysed with Business Process Modeling and Notation (BPMN) and the root cause was found using the Current Reality Tree (CRT) method. The quantitative method was through the sales and capacity data collected from the company. The best alternative solution was selected using the Analytic Hierarchy Process (AHP) using XLSTAT. This study showed that the problem happened because of two root causes: an inadequate number of mechanics and no sufficient integrated system to support the information flow through related divisions. Three alternative solutions were proposed based on the root causes. After the AHP calculation and analysis, the results were confirmed with the head of service support, and it was concluded that the solution that could be implemented in the company is providing service points with a priority result of 71.03%. The next alternative is to implement the cloud ERP system with a result of 15.04% and outsource mechanics with a result of 13.93%. With this solution, the company considered a long-term approach with more sustainability and scalability criteria than ease of implementation. The order of criteria priorities are cost, effectiveness, sustainability, scalability, and ease of implementation, with a consecutive result of 47.87%, 24.3%, 12.64%, 6.6%, and 8.59%.

The Potential Presence of Microplastics in Daily Food and Beverage Consumption May Lead to Alzheimer’s disease in The Thai Population

/0 Comments/in /by

Environmental issues have become a global crisis. The amount of plastic used has relentlessly increased due to its advantages such as low cost production, lightweight, strength and durability. However, high usage of plastic contributes to microplastics, which are small particles that are difficult to detect and may be found in daily food and beverage consumption. Consequently, it is prone to accumulate in our body and affect our organs, including the brain. From recent studies, there are some possibilities that microplastics exposure can promote human brain damage, including Alzheimer’s. Due to microplastic concerns, this study aims to find out the relation between microplastics in daily food and beverage consumption and Alzheimer’s disease in the Thai population by collecting the responses (509 participants) through a questionnaire. The questionnaire uses Likert scales to evaluate the quantities of daily microplastics consumption, packaging, and Alzheimer assessment. As a result, the data revealed that microplastics consumption has a link to the risk of developing Alzheimer’s disease. We show that microplastics consumption and plastic containers are positively correlated for the Thai population. Consequently, in the course of time, it can lead to other causes of Alzheimer’s disease diagnosed when microplastics are accumulated in the human body. Moreover, it can raise social awareness through campaigns or policies on plastics used which have to be immediately reduced.

Beyond the Korean Wave: Understanding the Motivation of Among Indonesian Gen Z to Learn Korean in the K-Pop Trend

/0 Comments/in /by

This research aims to uncover the motivation that drives the Indonesian Generation Z (Gen Z) to learn Korean and absorb Korean Pop culture as a lifestyle that is now increasingly trendy. Pop-Korean Language and Culture referred to in this research is the Pop-Korean language and culture used in South Korea, a language that has recently become popular with young people not only in Indonesia but in several other countries in the world. This research was designed with the aim of; 1) to reveal the motivations that encourage Gen Z to learn Korean, and 2) to measure their level of perception of Korean pop culture. The results of this research show that Gen Z’s interest in Korean in the trend of K-Pop is caused by K-Pop being a trend among the younger generation. The implications of this research contribute to the reader’s understanding that the cultural orientation of Gen Z is different from the Old Generation who tend to keep themselves away from new things.

Enhancing Learning Performance of students in Tourism major at Ba Ria – Vung Tau University

/0 Comments/in /by

Ba Ria – Vung Tau University, a tourism education institution in Vietnam, has implemented a multifaceted approach to optimize the learning performance of its tourism management students. This article examines the university’s strategies, which include curriculum design and relevance, integration of technology and digital literacy, experiential learning and industry partnerships, mentorship and career guidance, fostering student engagement and well-being, and a continuous improvement and evaluation process. The university’s comprehensive initiatives aim to prepare the next generation of tourism professionals by enhancing their knowledge, practical skills, and overall competitiveness in the dynamic and rapidly evolving tourism industry.

Safeguarding Patient Confidentiality in Telemedicine: A Systematic Review of Privacy and Security Risks, and Best Practices for Data Protection

/in /by

The COVID-19 pandemic accelerated telemedicine adoption, showcasing its potential in improving healthcare delivery. However, privacy and security risks pose challenges, impeding widespread acceptance. The aim is to investigate the integration of data analytics, data analysis, and data cleaning in telemedicine, focusing on patient data privacy and security, with the goal of proposing strategies to mitigate risks and uphold confidentiality. Utilizing a qualitative approach, privacy and security challenges in telemedicine were investigated. Multiple databases, including PubMed, Embase, and Cochrane Library, were searched from 2018-2023. Inclusion criteria involved English-language, peer-reviewed empirical studies focusing on telemedicine privacy and security. Out of 770 unique records screened, eight studies were included. Full-text review and risk of bias assessment were conducted using CASP tool.  Privacy and security, technology hurdles for providers, patient trust, professional training, physical assessment challenges, and disparities among special populations were identified. Environmental, technological, and operational factors contribute to privacy and security risks in telehealth. Technology challenges like restricted access to telehealth tools and poor internet hinder adoption. Data analytics in telemedicine facilitates healthcare transformation, addressing privacy and security while optimizing patient outcomes through advanced analytics techniques and structured data analytics lifecycles. The integration of data analytics in telemedicine shows promise for healthcare transformation by providing insights into patient behavior and policy impacts, while ensuring data privacy and security. Addressing barriers, accelerated by the COVID-19 pandemic, requires infrastructure enhancements and global research efforts for inclusive telehealth ecosystems.

Stock Valuation of PT. Bank ABC Tbk.

/in /by

PT Bank ABC Tbk aspires to be one of the top 10 global sharia banks in 2025 in terms of market capitalization. As of December 2023, PT. Bank ABC Tbk ranks 13 with 5,18 billion USD in market capitalization. This research aims to examine PT. Bank ABC Tbk stock by using Discounted Cash Flow (DCF) through Free Cash Flow to Equity (FCFE), and Relative Valuation method through the Price to Book Value (PBV), and to determine whether the stock is undervalued or overvalued.

According to Free Cash Flow to Equity (FCFE) valuation result, the intrinsic value per share of PT. Bank ABC Tbk is Rp 37.497 per share, while its share price as of 31 December 2023, is Rp 1.740, indicating that the stock of PT. Bank ABC Tbk is undervalued by the market. This means that the market has not completely recognized the PT. Bank ABC Tbk ‘s ability to generate future cash flows. PT. Bank ABC Tbk’s undervalued stock offers the possibility of returns for the potential investor as the share price rises over time to reflect the intrinsic value per share.

The company’s Price to Book Value (PBV) is 2.07, while the PBV of the average of the company’s peers is 2.72. This means PT Bank ABC Tbk is undervalued ie. the share is underpriced compared to the average of its peers.

Based on the result, this research recommends to buy the stock of PT. Bank ABC Tbk because it is undervalued based on FCFE and based on PBV.

Enhancing Digital Transformation: A Comprehensive Review of PT Hutama Karya’s Information Technology Management in 2023

/in /by

: This paper provides an in-depth analysis of PT Hutama Karya’s Information Technology (IT) Management Report for the year 2023. The study focuses on the company’s strategic initiatives and achievements in aligning IT functions with its business objectives, particularly in the context of Industry 4.0 readiness. Key areas examined include the evolution of IT architecture, implementation of IT governance frameworks, cybersecurity enhancements, ERP integration, and the development of supporting applications. The findings highlight the significant progress made in digital transformation and the proactive steps taken to ensure the company’s IT infrastructure supports its strategic goals.