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Rafiazka Milanida Hilman (Fika) and Anisha Wirasti Cahyaningrum (Icha) seemed to unfurl her big smale. Both of them are students of FEB UGM majoring in Economics. They are runner up winner of the International Paper Competition organized by University Indonesia (UI). The competition was the "9th Economix" which took place on October 10th - 14th, 2011 with the topic "Achieving the ASEAN Economic Community: The Great Economic Vision of ASEAN."
They have competed on behalf of UGM with other universities in ASEAN such as the National University of Singapore and University De La Salle Phillipine participating in this competition. Having passed the big twenty, Fika and Icha flew to Jakarta to present her paper entitled, "Does Matter for the ASEAN Free Trade?" to the judges. Their performance was imppressive and they managed to move forward to the final round consisting of five teams. In the final round both studentare able to prove to the judges of their impressive performance. Finally they got the second place . They are awarded a throphy and cash of 600 USD.
Fika could not believe for what they have accomplished, the article is the first writing competition that they followed. Icha added that what they have accomplished was with the agreat support of faculty, such as guidance and consultations by lecturers to support the registration funding, and departure expenses of the delegates. Their hope to other friends who wish to follow their footsteps to join such competition. By joining such competition, they hope to increase the enthusiasm for learning and competing the economist candidates of the ‘blue campus’.
The best three teams in the competition are: the National University of Singapore (Singapore), Universitas Gadjah Mada (Indonesia), and IM Telkom (Indonesia).
Source: Rahmat/FEB
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the Vice President Republic of Indonesia, Prof. Dr. Boediono, M.Ec. who is also Professor of the Faculty of Economics and Business UGM opportunity to visit the University of Gadjah Mada University on Monday, October 17, 2011. After giving a public lecture at the Master of Management of Faculty of Economics and Business Universitas Gadjah Mada, one of the agenda of the visit Mr. Boed, so familiar greeting, is to review the construction of Pertamina Faculty Tower, located at Jl.Sosio Humaniora, Bulaksumur.
Accompanied by the Rector, Prof. Sudjarwadi M.Eng., Faculty Dean Prof. Marwan Asri MBA., Ph.D, and all the Vice-Dean, Mr. Boed arrived on the scene at 13:30 pm and headed straight into the lobby of the building that will become the new icon of this Faculty. In brief visit at the FEB, Mr. Boed seem listened intently explanation of the Project Planning Consultant regarding the design philosophy and plans for utilization of the new building. As is known, the current seven-story building called Tower Pertamina has reached the stage of completion of approximately 90 percent for ready use.
After reviewing the development of Pertamina Tower, Mr. Boed resume next agenda in the Senate Hall of UGM to dialogue with representatives of student Bidikmisi scholarship recipients.
Source: Rahmat
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As the final of a series of 56th Anniversary in September, the Faculty held a public lecture and dialogue on Monday (17/10). Lecture titled "Poverty Reduction in Indonesia" brings Sudarno Sumarto (Senior Researcher Research institute SMER), Vivi Alatas (Senior Economist, World Bank Jakarta), and Vice President of the Republic of Indonesia, Boediono.
The event was held in the Auditorium of the Faculty of MM UGM was started at 8:45 pm with the lecture material from Sudarno Sumarto which describes the situation of poverty in Indonesia. In his lecture, described the various understanding of poverty and ways to measure it. In general, the results of research SMER, found that the level of poverty in Indonesia from 1996 to 2011, tended to decline.
Lecture followed by delivery of content from Vivi Alatas, on measures to accelerate poverty reduction. In this session, Vivi shot poverty in terms of education. To alleviate poverty, it is necessary remediation efforts so that the public education aspect can higher education and ultimately can help themselves freed from the bondage of poverty.
Then the moderator of this first session, Elan Satriawan, letting participants lecture to ask both speakers. Interval of fifteen minutes later, the committee provides a time-out for participants. While waiting, participants were treated to musical offerings from the Economic Session Band (ESB).
At 11:45 pm, Vice-President of the Republic of Indonesia, Boediono, entered the room. Preceded by a welcome Dean Faculty, Prof. Marwan Asri, MBA, Ph.D, a public lecture begins the second session. Then, before the dialogue started, first Boediono convey the material entitled "Vision and Poverty Reduction Policies". In this lecture, Boediono to acknowledge the poverty alleviation program launched by the government are based on four clusters.
The event continued with a dialogue between participants in the lecture with the speaker of this lecture. For half an hour, there was a warm and interesting discussion about the world economy and poverty. New at 13:00 pm, public lectures and events this dialog is closed, and officially end the series of anniversary 56th FEB UGM.
Source: Prima/FEB
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In order to cellebrating 62th anniversary of UGM, UGM held Innovations Products Exhibition & UGM Research Week 2011 which is planned to run from June 10 to 15 October 2011 in Graha Sabha Pramana UGM. This event is an annual event designed to bridge the utilization of research results to the wider community of researchers. This activity is also a place open to faculty and campus units that exist in the scope of UGM to provide information and establish cooperation, both to the public, government agencies, or private.
Faculty of Economics and Business UGM, as one of the leading faculty in UGM participated in this event. Faculty who occupy Stand number F47-48 trying to open up to the general public who want to know more about this faculty. Communities can ask directly about the latest information programs of study offered by the Faculty, good training program, undergraduate, and graduate program.
In addition to an open campus, Faculty Stand, which is supported by the Center for Training and Research Economics and Business (P2EB) Faculty, in collaboration with the Fiscal Policy Office Ministry of Finance. During the exhibition booths featuring demonstrations Economic Executive Dashboard, which is a special application to assist the process of making economic policy more precisely and quickly by the executive branch of government. This application is able to provide a visual overview of the impact it had on an economic variable if there is a change to the other economic variables, eg interest rates, inflation, and so on.
To attract visitors, Stand Faculty provide information central capital market. Visitors who are interested to know more about the ins and outs and capital market transactions and practices can be asked directly. Sari Sitalaksmi, M. Mgt., Ph.D., Deputy Planning and Finance P2EB when interviewed said, "Through the Research Week, the Faculty hopes to raise public interest to issues and economic development in Indonesia." Sari also added, "During this work, we also organizes the Capital Market Simulation Competition, competition can be followed by the public and there are prizes for the winners of millions of dollars. It is hoped the wider community can participate and contribute to enliven the event. "The competition of capital market is fully supported by Danareksa.
Source: Rahmat/FEB
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Corruption handling system or Anti-Corruption Law in Indonesia is not rational, so it absolutely does not create deterrent effect for corruptors. It even seems ridiculous when, in fact, Anti-Corruption Act implies to invite people to commit corruption.
Provision in the Anti-Corruption Act states that judges can only sentence maximum fine of 1 billion rupiah to corruptors. "Therefore, if you want profit, just commit corruption in Indonesia. The maximum fine stated above would certainly make people happy to commit corruption in large amount in Indonesia because it will be surely profitable," economist of UGM, Rimawan Pradiptya Ph.D, said on the sidelines of an economic and business behavior seminar at Faculty of Economics and Business UGM on Thursday (22/9).
With irrational system and law, the lecturer added, don’t expect people or society to also act rationally. "Therefore, a massive overhaul to the way of thinking is required if we want to fix the economic system and want to eliminate corruption in this country," he said.
Due to corruption, he said, the state has to bear the loss amounting to 73.07 trillion rupiah from 2001 to 2009. Of this figure, the potential that can be returned only reaches 5.32 trillion rupiah. "It means abiding taxpayers and the community at large must bear 67.75 trillion losses which would not be paid back," Rimawan said.
The revised Law on Anti-Corruption even looks more and more ridiculous when the embezzlement of state funds does not exceed 25 million rupiah, this does not constitute a criminal act of corruption. In previous Act, the limitation did not exceed 5 million rupiah. "People were definitely going to think to steal the state’s money. This is evidence of depravity of economic system in Indonesia, no longer systemic but structural. Even the rampant corruption is no longer an accident but it is by design," he said.
Meanwhile, Deputy Director of Academic MSi-Doctoral Program in Faculty of Economics and Business, Dr. Arti Adji, suggested that with this economic condition, conventional economic theories are no longer able to answer the problem. Economic studies using behavioral economics analysis is needed in Indonesia rather than Western economic theories. "Behavior of Indonesian society would be more appropriately analyzed using behavioral economics," he added.
Source: Marwati/UGM
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The economic and financial uncertainties currently and in the future creates risks and challenges for domestic economic stability. Here cooperation between authorities or countries regionally and internationally is much required to guide monetary stability and financial system to support growth in each country.
This was said by Deputy Governor of Bank of Indonesia, Ardhayadi Mitroatmodjo, M.A., when giving general lecture for students of Accountant Profession Education Program, Faculty of Economics and Business UGM, at the Auditorium of Faculty of Cultural Sciences on Thursday (22/9). The event was guided by Chairman of Accountant Profession Education Program, Drs. Sugiarto, M.Acc., MBA.,Ak.
In line with the condition, the Bank of Indonesia, Ardhayadi said, gave a response by rates and mix of monetary policy and other macroprudentials to mitigata risks by still prioritising achievement of inflation target at 5%+% in 2011 and 4,5%+1% in 2012.
“For this, synergy between government, Bank of Indonesia, business sector, academicians and all aspects of the community to change challenge into opportunity,” said Ardhayadi.
Ardhayadi explained in the middle of worsening economic condition, domestic performance showed good endurance. BI predicted economic growth in 2011 and 2012 will reach 6,6% and 6,7% respectively, supported by export and growing investsments.
“But economic growth in 2012 has lower potential than projected. Economic growth, trade volume and world commodity price after the drop of US rating is predicted to slow down, encouraging lower Indonesian economic growth,”
Amidst the economic condition that faces global and domestic risks, Ardhayadi said unbalanced global economic recovery, debt risk persistence in European peripheral region, and phenomenon of economic warming in emerging markets, still have the risk to cause global finacnial market to fluctuate. The dynamics in global financial market will rapidly affect domestic economy due to the open nature of our financial market.
Source: Marwati/UGM
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