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Bureaucratic reform in Indonesia really depends on the ruling leaders. In other words, any good system implemented still depends on the officials who lead the institution or department.
According to former Head of Fiscal Policy Agency, Dr. Anggito Abimanyu, the condition can be seen in the bureaucratic reform at Ministry of Finance. When led by former Minister of Finance, Sri Mulyani, the first echelon officials were prohibited from having double positions, including the position of commissioner of State Owned Enterprises. The focus is on structural reform in Directorate General of Taxation, Customs, Treasury and State Assets, which was along with the formation of Fiscal Policy Agency (BKF).
Meanwhile, according to Anggito, now there is separation of bureaucratic reforms in some units. "In fact, the policy is actually not a priority of taxation reform. I don’t know whether the prohibition to play golf still prevails or not," Anggito said at the launching of his book 'Refleksi dan Gagasan Kebijakan Fiskal' (Reflection and Ideas on Fiscal Policy), held at the Auditorium of Master of Management UGM, Wednesday (25/5).
In the 274-page book, Anggito conveys that bureaucratic reform under the leadership that is honest, decisive, and visionary is an important requirement in changing the mindset of bureaucrats. Which often disrupts is ewuh pekewuh (reluctant to take action) culture and comfort zone. This causes human resources who are brave to take decisions and are visionary get eliminated or transferred. "Past experiences such as BLBI (Liquidity Supports of Bank Indonesia), the crisis as well as the aggressiveness of supervisors such as KPK (Corruption Eradication Commission), BPK (Supreme Audit Board) and prosecutors caused delays in decision making," Anggito who is currently Director of Economics and Business Research (P2EB) of UGM said.
Anggito assessed that taxation reform needs to be improved. The emergence of some problems, such as tax mafia and Gayus cases as well as other problems, such as low income of individual Income Tax (Pph) make the need to continue the tax reform as an important issue. In addition, the biggest challenge to restore the reputation and public confidence to taxation institutions has not still been fulfilled. "In levying taxes, some things need to be considered to fit with other objectives, namely encouraging investment," Anggito said.
Anggito further suggested several other topics which are also interesting in his book, among others, the phenomenon of Capital Inflow and Inflation, Renegotiation of ACFTA, IPO Decision of PT Krakatau Steel, Increase of Fuel Price, Newmont Divestment, Electricity Subsidies, Century Bank and Indonesia's position in G-20.
UII Rector, Prof. Dr. Edy Suandi Hamid, M.Ec., as the discussant assessed that Anggito Abimanyu’s writing, both when still in the bureaucracy and on campus, is consistently polite and not afraid of opposing other economists. "His writing is not patronizing and polite. See and compare Anggito’s writing while still in power and in the campus, it remains critical and polite," Edy said.
The book is a collection of Anggito’s writings about economy, particularly financial and fiscal. Almost all the writings in this book have been published in mass media and reproduced. Introduction of the book was written by a scholar who served as Chairman of the Presidential Advisory Council (Wantimpres), Prof. Dr. Emil Salim.
In the event presenting Prof. Dr. Edy Suandi Hamid, M.Ec. (UII Rector) and Wisnu Nugroho (reporter) as discussants was also carried out the hand over of books and CDs to Prof. Dr. Sukanto Reksohadiprodjo, M. Com. (Former Rector and Dean of Faculty of Economics and Business UGM) and Mayor of Yogyakarta, Herry Zudianto symbolically. The event was also enlivened with the performance of Dira Sugandhi singing songs from CD of 'Olah Rasa, Olah Kata, dan Olahraga' produced by Anggito Abimanyu.
Source: Satria/UGM
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Masters of Management Program (MM), Faculty of Economics and Business UGM plants 7250 tree seedlings in Gondang, Umbulharjo Village, Cangkringan District, Sunday (15/5). The tree seedlings assistance consists of 6000 sengon seeds, 502 mahogany seeds, 465 munggur seeds, 33 tamarind Java seeds, 200 stinky bean seeds, and 50 durian seeds. In addition, 8750 vegetable seedlings in form of polybags, such as chili, eggplant, tomatoes, cabbage, and bean, each of them in a packet of 1750 seeds and manure are delivered to temporary housing in Plosokerep.
The delivery of aid was conducted symbolically through the planting of the seedling by Director of MM, Prof. Dr. Lincolin Arsyad, and Deputy Director for Finance and General Affairs, Dr. Hardo Basuki, M. Soc. Sc., in Sinolewah campsite. The planting was attended by the head of Cangkringan sub-district, Samsul Bakri, S.I.P, M.M, and village chief, Bejo Mulyo.
Lincolin Arsyad said that the delivery of tree seedlings aid is to implement the ethics mainstreaming concept which is being developed by MM in the learning process. "This concept prioritizes academic ethics, social ethics and environmental ethics that are taught in each course to students. We invite the entire academic community to work together to increase environment awareness, one of them through this tree seeds planting activity," he said.
He added that this tree planting activity is not incidental, but has been planned and is sustainable. The next activity is to assist economic recovery process of Merapi eruption victims. "We are planning to make one of the villages in Sleman as a development target village, perhaps the Umbulharjo village would be our target," he added.
Before Umbulharjo, Beji and Kemadang Village, Gunung Kidul are the previous development target village of MM in implementing community development programs, as well as to actualize the ethics mainstreaming learning among students. "We always adjust to the curriculum. We want the graduates to be not only smart, but also have good ethics," he said.
Head of Cangkringan sub-district, Samsul Bahri, S.I.P, M.M, expressed his pride over the concern towards the environmental recovery in the Cangkringan damaged areas after the eruption of Merapi. "In Cangkringan, the areas directly affected by the cold lava are about 25 sub-villages. For the recovery, attention is needed from everyone. We could not rely on the government only because they have limitations," said the MM graduate.
Samsul admitted that the restoration of environmental conditions in the Cangkringan region is very urgent because this area is a source of water catchment areas in Yogyakarta. "Therefore, Cangkringan needs reforestation soon," he said
Bejo Mulyo expects the aid provided is not limited to tree seedlings, but also other activities, such as help the process of rehabilitation and reconstruction after the Merapi disaster emergency response phase. "The communication is not limited to this point. Hopefully, this is the beginning of the next activity in the future that is able to provide solutions to current conditions,” he expressed his hope.
Source: Marwati/UGM
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Students of the Faculty of Economics and Business Universitas Gadjah Mada (FEB UGM) re-performance achievements at international level at the end of April 2011. Three students of International Undergraduate Program of FEB UGM: Yanuar Kurniawan, M. Adri Yahdian and Alessandra Fecilia Aldy joined in the Phinisi team ranked third in the "Global Business-IT APEX Case Challenge 2011" held by Singapore Management University (SMU) at the Mandarin Orchard Hotel, Singapore on 24 to 29 April 2011.
The election team representing FEB UGM Phinisi originated from an internal selection, followed by 12 teams consisting of FEB students and some FMIPA students. To support the readiness Phinisi team, Prof. Dr. Jogiyanto Mustakini Hartono, MBA. played a role as mentors who provide guidance and knowledge of Business-IT. Travel Phinisi team accomplishments is quite long, the team competed with 27 teams from 15 countries spread across five continents, some of them: Singapore Management University, Singapore; University of Indonesia, Bina Nusantara University, Institut Teknologi Bandung, Indonesia; Corvinus University of Budapest, Hungary; Queensland University of Technology, Australia; Aarhus School of Business, Copenhagen Business School, Denmark; University of Florida, Texas A & M University, the University of Minnesota (Carlson School of Management), United States; Stellenbosch University, South Africa, University College London, United Kingdom; University of British Columbia, Canada and others. The competition is divided into three acts that ultimately led the team into the top three along with the Target team from the University of Hong Kong as the first rank and the Aspire team from the Copenhagen Business School as the second rank. Achievement to be proud of this international level, Phinisi team is the only Indonesian team that successfully occupy the top three since the competition was held in 2009.
According to the Vice Dean for Student Affairs, Alumni, Cooperation and Business Development, Prof. Wihana Kirana Jaya, M.Soc.Sc, Ph.D., "Phinisi team struggle to get full support from faculty, from the initial preparation, assignment of a mentor until his departure to Singapore. Support this as a form of one faculty's commitment to support non-academic activities of students, in this case the student participation in international competition."
The overall results of the competition can be seen in http://apexglobal.smu.edu.sg/?page_id=1739.
Source: opac
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Before taking investment decision in security and equity, investors or prospective investors are advised to compare the intrinsic value of stock with stock prices in the market. The intrinsic value of shares should be determined in advance by analyzing the fundamental factors of the company. One of these factors is the company's profit. That was made by Professor of Accountancy Science, Faculty of Economics and Business, Prof. Dr. Slamet Sugiri, MBA, Akt., at Exploring the Prospect of Investment in Indonesia's Financial Market on Saturday (30/4).
According to Sugiri, theoretical stock price depends on permanent profit and value relevance of the profit. The permanent profit has the highest price followed by transitory profit, while value irrelevant component has no price because it has no economic value. "The value between component profits is different, the investor has to classify reported profits based on the permanence. Unfortunately, comprehensive profit report may not reflect economic reality underlying transactions and events that are reported so the investors or prospective investors should perform accounting analysis prior to the report," he said.
He added that a comprehensive profit report does not adequately classify the profit as necessary for security analysis. Therefore, investors should previously perform recasting and adjusting. After that, an assessment of intrinsic value stock with residual income model will be conducted. "The rule of investment is if the intrinsic value is higher/ lower than the price of the stock market, then investors should buy/ sell shares. If the two things are equal, investors should still hold the shares," he said.
Meanwhile, Head of Accounting Standards and Transparency, Bureau of The Capital Market and Financial Institutions Supervisory Board (BAPEPAM-LK), Etty Retno Wulandari, said the purpose of financial reports issued by the company was to serve as the basis for investment decision making, evaluation, and planning. However, the financial report is a form of management accountability to shareholders, board of commissioners, and other stakeholders. "The financial report shows the performance of the company's profitability, liquidity and solvency capability, and capital structure. With the financial report, investment decisions, whether to buy, sell and hold shares, can also be made," she concluded.
Source: Gusti/UGM
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Faculty of Economics and Business (FEB) UGM congratulated to three FEB students who have successfully achieved the second winner in the "Research Competition Narration 2011" with the title "Optimizing Green CSR in supermarkets (Study on the implementation of green marketing in the local supermarket in the city of Yogyakarta), which has held on April 16 - 17, 2011 in University of Indonesia (UI).
The three students are:
- Rahmatdi
- Dyah Savitri Pritadrajati
- Poppy Laksita Rini
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Faculty of Economics and Business (FEB) UGM congratulated the three FEB students who have successfully achieved 3th place in the "Management Competition 2011" on December 31 to April 2, 2011, hosted by HIMA Management Department of FE UAJY.
The three FEB students were:
- Stanislaus Mc. Tandelilin
- Ayu Soraya Hapsari
- Annie Fisakinah Nursetyautami
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