PT Garuda Indonesia (PERSERO) Tbk Stock (GIAA) Fair Value Valuation Post Restructuring and Relisting on IDX

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The financial difficulties experienced by PT. Garuda Indonesia, characterized by its inability to meet its obligations to several creditors, resulted in the temporary delisting of its shares from the Indonesia Stock Exchange (IDX) on June 18, 2021. This situation was further exacerbated by the impact of the Covid-19 pandemic, which led to a decline in revenue due to a decrease in passenger numbers and air traffic.

Garuda Indonesia initiated a restructuring effort through the Postponement of Debt Payment Obligations (PKPU) route with a number of creditors. This resulted in an extension of the payment terms, a conversion of debt to equity, and a modification of the debt structure. The company also implemented improvements to its operational practices aimed at reducing costs. These efforts have produced positive outcomes, including an increase in equity and a decrease in the company’s liabilities.Top of FormBottom of Form Garuda Indonesia also increased the company’s capital through Additional Capital with Pre-emptive Rights (PMHMETD), Additional Capital without Pre-emptive Rights (PMTHMETD) and investment from the government of the Republic of Indonesia through State Investment (PNM).

After completing the restructuring process, Garuda Indonesia (GIAA) shares were free from suspension and were able to return to the Indonesia Stock Exchange (IDX) with an initial price of Rp.204. This study was conducted to determine the fair value of GIAA shares upon their return to IDX in early January 2023. The study utilized two methods: the Discounted Cash Flow (DCF) method and the Relative Valuation method. The DCF method resulted in a fair value of Rp. 165.3 for the shares, implying that the initial issuance value was overvalued by 18.97%. The Relative Valuation method EV/sales ratio, yielded a fair value of Rp. 929 for the shares, suggesting that the current issuance value was undervalued by 355%.

Prevalence of Intestinal Perforation Due to Typhoid Fever in the General Surgery Department of Nangarhar Regional Hospital

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Typhoid is a systemic disease caused by S. Typhi and S. Paratyphi, and its specific clinical features include fever, abdominal pain, diarrhea and nausea. Typhoid is still a major problem in developing countries, mostly caused due to poor sanitation and improper drainage system.

This study is conducted in descriptive form, and all the patients admitted to the General Surgery Department of Nangarhar Regional Hospital had intestinal perforation due to typhoid. The number of patients was 30, who were included in this research. To diagnose the disease, radiological and laboratory tests were done.

The results of the research showed that the incidence of intestinal perforation due to typhoid was (3.3%) in less than 10 years old, 26.6% in the group age 11-20 years old, 23.3% were 21-30 years old, 13.3% in 31-40 years old, 13.3% in 41-50 years old, 13.3% in 51-60 years old and 6.9% were the patients had more than 60 years of age. The occurrence of incidence was based on sex, 18 cases (60%) were male, and 12 cases (40%) were female patients. After the analysis and interpretation of the data, it was found that the ratio of cases in males was higher than in females. According to the clinical record, 100% of the patients had abdominal pain and fever, 80% had abdominal distension, 36.6% had vomiting, 16.6% had diarrhea, and 13.3% had constipation. The results of diagnosis of typhoid-based examination, the cases by abdominal x-ray were 90% and ultrasound 83.4%. Based on the results, it is clear that the abdominal x-ray gave better results than the ultrasound. It is worth mentioning that the incidence of intestinal perforation was 96.6% in the distal ileum and 3.4% in the jejunum.

In conclusion, stomach pain, fever, and abdominal distension were more common than all other symptoms in cases of intestinal perforation due to typhoid. The most important method for diagnosis is an abdominal X-ray, and most cases occur in the terminal part of the ileum.

Proposed Customer Engagement-Oriented Digital Strategy and Integrated Marketing Communication for PT. Ready-Mix X

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Many industries were negatively affected by Covid-19 Pandemic, and one of them is a non-essential sector, such as the construction industry. Because of the contraction that happens in the industry, there is a significant decline in demand and sales in the market. PT. Ready-mix X is one of the construction companies that struggled during the pandemic situation, they still could not restore the company’s brand health as before Covid-19, and their sales and demand this year are still declining and not showing any significant value. Therefore, the purpose of this study is to propose a customer engagement-oriented digital strategy and propose the appropriate integrated marketing communication for the company using the limited marketing budget and available resources from PT. Ready- mix X. In analyzing and formulating the digital strategy, this study will use Kraewing’s approach and SOSTAC planning also market research to know the customer preference. The proposed digital strategy should be helping PT. Ready-Mix X provides an improved service platform and digital marketing strategy that suits the market segment and preferences, so it could establish the company’s customer experience that later will generate customer engagement.

Influence of Management Commitment in the Implementation of Hotel Environmental Management Practices and its Effect on Business Sustainability among Hotels in Tanzania

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This study aimed to assess the influence of management commitment in the implementation of hotel environmental management practices and its effect on business sustainability among hotels in Tanzania. Studies have shown that management commitment plays a significant role in the implementation of hotel Environmental Management Practices (EMPs). Based on that argument, two hypotheses were formulated as follows; Firstly, Management commitment influences the implementation of environmental management practices. Secondly, Implementation of environment practices have effects on hotel business sustainability. The study was conducted in two cities namely: Arusha and Dar es Salaam whereby a structured questionnaire with Likert scale range from 1 to 5 was used to collect information from the sample of 400 managers and supervisors of hotels.   SPSS software was used for data entry and AMOS software version 23 was used to analyze multivariate analysis and Structural Equation Modeling (SEM) was used to test the hypotheses. The findings indicated that both hypotheses were accepted that is, Management commitment has a positive influence on the implementation of the EMPs with highly significant at p<0.000. Also, the implementation of EMPs has a positive effect on hotel business sustainability strongly significant p<0.000. Therefore, the implications to industry managers and expertise are: first, hotel managers’ commitment plays a pivotal role in the EMPs implementation. Second, the implementation of EMPs in hotels serves as a vehicle in achieving hotel business sustainability. This contributes to a body of knowledge by showing that an environmental factor is a major external component that affects business sustainability in organizations like hotels. Moreover, the study has enlightened that, a hotel manager stands a strategic role in managing the organization based morals and values that address the interest of a bigger segment of its stakeholders. The study recommends future research on further study of water conservation especially on reducing water for showering and bathtubs. It was concluded that commitment of hotel managers in the implementation of EMP plays a pivot role in the sustainability of hotel business in Tanzania.

Risk Management Assessment at Primary Health Clinic to Support Quality Improvement

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The rapid increase in population provides opportunities for businesses in the health sector to develop. Health workers began to look for profits and channel self-actualization by opening primary clinics. However, in running the primary clinic business, the owner faces obstacles in managing risk at the Primary Clinic because there are no guidelines for carrying out risk management at the clinic. Based on this premise, the research respondents were primary clinic owners in the city of Bandung. Data collection was carried out using a questionnaire containing the type of clinic, clinic age, turnover per month, average number of patients per day, risk awareness, application of risk management, and statements related to risk management and quality of health services. Data analysis was carried out using descriptive statistical method, and hypothesis testing with multiple linear regression. This hypothesis test proves that risk management can support the improvement of the quality of health services with value of R square 75,9%. Therefore, the purpose of this study is to provide a solution to increase awareness of the clinic owner about risk management by building a risk culture in the Primary Clinic entity. In addition, procedures for carrying out risk assessments are carried out starting from determining the context in the primary clinic, identifying non-medical risks, analyzing, evaluating, to determining mitigation activities. After that, strategic initiatives and monitoring plans are determined because risk management is a long-term and continuous process to support business processes and improve the quality of health services.

Feeding Patterns and Food Waste Behavior on the Nutritional Status of Toddlers

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Food Waste is a growing problem. In household scale, Food Waste often considered as a normal thing. Food composition and less variant (quality) is one of factor who can affect to nutritional status of toddlers and Food Waste, if the more Food Waste produced by toddlers, the more nutrients are wasted in vain, so that the food intake eaten by children does not match the required needs. Toddlers who do not get the food intake that should be, able to affect the nutritional status and result in stunted growth and development of children. This research aims to determine the relationship between Food Waste Behavior and Feeding Patterns on the Nutritional Status of Toddlers in Tanah Sareal District, Bogor City. This type of research is cross sectional with purposive sampling data collection technique with 100 respondents. The statistical test used is Chi-Square. Based on the results of the research, it was found that in Tanah Sareal Subdistrict had a high Food Waste behavior of 69%. While the results of the feeding pattern in Tanah Sareal District have an inappropriate feeding pattern of 52%. There is a significant relationship between Food Waste behavior on the nutritional status of toddlers (p-value of 0.000) and there is a significant relationship between feeding patterns and nutritional status of toddlers (p-value of 0.000).

Utilization of Blockchain and the Roles of Banks in Indonesia in Tackling Environmental Challenges: A Qualitative Research

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This dissertation investigates the readiness of the blockchain technology to be utilized in the upcoming Indonesia’s Emissions Trading Scheme, also the roles of banks and digital banks in the ETS using PESTEL analysis. The study found that Indonesia still lacks the infrastructure to implement the blockchain technology, while banks in Indonesia has huge roles in the scheme including preparing the infrastructure. With a large and growing population, Indonesia has the potential to develop the human resources necessary for blockchain development. However, finding skilled programmers remains difficult. The relationship between blockchain and the environment is also examined, with experts debating its potential benefits and drawbacks. In addition, the thesis analyzes Indonesia’s efforts to mitigate and adapt to climate change, including its participation in international agreements and infrastructure improvements. Finally, the thesis considers the role of financial institutions in promoting emissions trading and the challenges they face in doing so. Overall, the thesis highlights the complex and interconnected factors that influence the adoption and development of blockchain technology in Indonesia.

Physical Therapy Approaches in Ankylosing Spondylitis: A Systematic Review

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Background: Ankylosing spondylitis (AS) is a chronic, progressive, inflammatory disorder that mainly affects the axial skeleton with aseptic inflammation of synovial tissue, spinal ligaments, intervertebral discs and facet joints. The purpose of this review is to describe the effectiveness of different physical therapy approaches in patients with AS.

Method: This review followed PRISMA guidelines. A search was conducted in electronic databases Google Scholar, PubMed, and Cochrane. Publications were included if the study group included patients with a diagnosis of AS according to the classification system described in the New York criteria.

Results: A total of 6 clinical trials and 4 reviews were included in this review. One trial (n=1) had no intervention, most studies (n=4) and all the reviews (n=4) compared a variation in type of exercises, such as aerobic exercise, Pilates, swimming, one trial (n=1) was a follow-up evaluation.

Conclusions: The results of this review show that different types of treatment programs improve areas related to the physical health of patients with AS such as pain intensity, mobility, functionality, muscle strength, balance, fatigue, anxiety, depression. The most significant improvement in pain across all research data is noted after aquatic therapy. Supervised physiotherapy is more effective than usual care in improving disease activity, functional capacity and pain in patients with AS.

Startup Company Strategy to be Sustainable through Financial Services Product: Mitra Bukalapak Study Case

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Mitra Bukalapak is a B2B platform that digitalises 13.1 million Warung or Kiosks to be able to sell physical, virtual, and financial products. Today, this company is still having a negative contribution margin. Research has been conducted and shows that non-T1 cities are having the highest Mitra Bukalapak agent growth. This due to the unbanked people are demanding to get a certain service. A questionnaire has been sent to Mitra Bukalapak’s agent and an in-depth interview with internal stakeholders has been done to collect the data. The analysis of the data is conducted through qualitative and quantitative analysis and found 3 potential business strategies for the company. VRIO framework is used to identify Mitra Bukalapak’s competitive advantage internally. External analysis is done through STP marketing strategy and 7P marketing mix analysis. As the result, developing a new product portfolio can be one option. Tapping into a new market and concentrating on the high-growth market in T2 and T3 cities can be another. Also boosting revenue from existing customers by giving a higher charged fee can increase the take rate. This study aims to propose a strategy for Mitra Bukalapak to get a positive contribution margin specifically through its financial services product.

Mechanistic Basis of Arsenic Induced Carcinogenesis: Differential miRNA Expression

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Arsenic, a toxic metalloid, provokes many detrimental consequences to human health. It is prevalent in earth’s crust and poses a major threat to humans globally. Inorganic arsenic exposure occurs mainly via drinking water or food and is metabolized in mammals to form organic metabolites/ end products. Chronic exposure to arsenic causes lung, skin and urinary bladder cancers and increases the risks of liver, kidney and prostate cancers. Arsenic-induced ROS generation, disturbances in several signaling pathways, DNA repair inhibition, chromosomal aberrations, and epigenetic changes including alterations in DNA methylation, histone modifications and differential miRNA expression profiles are involved in cancer progression, and malignant transformation. However, details of arsenic-induced carcinogenesis and molecular mechanisms involved are still remaining obscure. MicroRNAs are post-transcriptional gene expression regulators and themselves may act as oncogenes and tumor suppressor genes. Differential miRNA expression is implicated in several human cancers. This review covers general mechanistic basis of arsenic-induced carcinogenesis, explores recent in-vitro, in-vivo and cohort studies on differential miRNA expression profiles and shares associated molecular mechanistic data on miRNA dysregulation and their functional consequences leading to arsenic induced tumorigenesis, metastasis and cancer, also discusses the future directions.