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INTEGRASI PASAR KARET ALAM SIT ASAP ANTARA PRODUSEN UTAMA DENGAN PASAR BERJANGKA DUNIA Indah Nurhidayati; Dedi Budiman Hakim; Alla Asmara
Jurnal Manajemen & Agribisnis Vol. 12 No. 3 (2015): Vol. 12 No. 3, November 2015
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1283.656 KB) | DOI: 10.17358/jma.12.3.204

Abstract

The purpose of this recearch is to detemine the integration between the main producers of ribbed smoked sheet/RSS and world commodity exchange. This research used vector autoregressionmodel (VAR) with no consideration of cointegration based on the daily price data from January 2013 to December 2014. The results showed that not all market’s RSS integrated. But in the short term proved that the Singapore Commodity Exchange and Tokyo Commodity Exchange affect the market price formation in Indonesia and Thailand. Overall the response of each market is relatively small to price in the Singapore and Japan stock thus less strongly affect the prices established in each market. The results also show the price at the commodity exchange of Singapore and Japan became the source of the greatest affect in explaining the variability of prices in both stock markets.Keywords: RSS, market integration, VAR, market price, ribbedABSTRAKPenelitian ini bertujuan mengetahui integrasi antara pasar karet alam sit asap (ribbed smoked sheet/RSS) produsen utama dengan pasar berjangka dunia. Pendekatan yang digunakan dalam penelitian ini adalah vector autoregression model (VAR) dengan pertimbangan tidak adanya kointegrasi yang terjadi berdasarkan data harga harian periode Januari 2013 sampai Desember 2014. Hasil penelitian menunjukan bahwa tidak semua pasar RSS terintegrasi. Namun dalam jangka pendek terbukti bahwa pasar berjangka Singapura dan Jepang memengaruhi pembentukan harga di pasar Indonesia dan Thailand. Secara keseluruhan respon masing-masing pasar relatif kecil terhadap guncangan harga di bursa Singapura dan Jepang sehingga kurang kuat memengaruhi harga yang terbentuk di masing-masing pasar. Hasil penelitian juga menunjukkan harga di bursa Singapura dan Jepang menjadi sumber guncangan terbesar dalam menjelaskan variabilitas harga di kedua bursa tersebut. Kata kunci: RSS, integrasi pasar, VAR, harga di pasar, karet
TRANSMISI HARGA KOPI ANTARA PASAR INDONESIA DENGAN PASAR TUJUAN EKSPOR UTAMA Khumaira Khumaira; Dedi Budiman Hakim; Sahara Sahara
Jurnal Manajemen & Agribisnis Vol. 13 No. 2 (2016): Vol.13 No. 2, Juli 2016
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1046.71 KB) | DOI: 10.17358/jma.13.2.98

Abstract

Indonesia is the world’s fourth biggest coffee exporter with a market share of 9.7 %. This study examined the asymmetric price transmission in the coffee market between the importing countries (United State, German, and Japan) and Indonesia. AECM (Asymmetric Error Correction Model) was used to examine the asymmetric price transmission by using the monthly data from 2005 to 2014. The result of the study showed  that there is no price asymmetry in the coffee market in the long run because there is no market power in the coffee market; however,   in the short run, there is asymmetry price transmission in the United State and Japan due to the adjustment cost. Keywords: coffee, asymmetric price transmission, AECM
Adaptive Financing Pattern for Small Scale Fisheries with Case Study of Pajeko Fisheries in Bitung Fini Lovita; Arif Satria; Dedi Budiman Hakim
Jurnal Manajemen & Agribisnis Vol. 17 No. 2 (2020): JMA Vol. 17 No. 2, July 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.17.2.173

Abstract

he agriculture, forestry, and fisheries sectors have a share of 22.05% with 4.21% growth in North Sulawesi. The fisheries sub-sector dominates by 30%. The disbursement of banking institutions' credit for the sector increased by 35% in 2015-2017 but absorbs only 7% of total loans disbursed. The reluctance of formal financial institutions to provide credit to improve small fisheries has increased in non-formal financing. This study identifies factors influencing financing sources choice, comparison of bank and non-bank financing sources, and recommend adaptive financing patterns for small fisheries. Based on descriptive qualitative analysis of in-depth interviews with 32 respondents from 85 Pajeko fishers (mini purse seine) in the Bitung Oceanic Fishing Port (PPS), concluded that 97% of Pajeko fishers in Bitung chose non-bank to finance their operation with determinant factors of financial source: (i) easiness administration (88%), (ii) payment flexibility (78%), and (iii) collateral (69%). The result of comparison simulation shows that boat owner financing with profit sharing for three (boat, boat owner, crews) is the most profitable for the boat owner, while bank loan financing with profit sharing for two (boat owner, crews) is the most profitable for crews. Accordingly, an adaptive financing strategy development is recommended for banking institutions based on influencing factors of fisher’s choices and Pajeko fisher’s characteristics-based approach. Keywords: Pajeko fishery, resource of financing, bank financing source, non-bank financing source, adaptive financing
Tourism Investment, Supply and Demand in Indonesia: Impact and Factor Analysis Faurani Santi; Rina Oktaviani; Dedi Budiman Hakim; Reni Kustiari
International Conference On Law, Business and Governance (ICon-LBG) Vol 1 (2013): 1st ICon-LBG
Publisher : UBL

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1831.13 KB)

Abstract

Tourism is one of the most significant contributors to the Indonesia growth of economy, based on datafrom the Indonesia Central Bureau of Statistics in 2012, the share of national tourism to GDP is 13.9percent and of course the contribution of the sector to be helpful for the growth of the national economy,through foreign exchange earnings as revenue from tourist consumption. Besides that, it has provided amultiplier effect to other sectors which related to the sectors. Therefore, an improving of the contributionis a one of government’s effort to boost economic growth and increasing the welfare, thus the increasingof tourism investment and trade will be focus in the tourism development program. Meanwhile, theIndonesia Coordinating Board (BKPM) stated the average national investment for the tourism sector isRp. 2.73 billion or 6 percent from total investment during 2006-2012, in other words an investment intourism sector has not been able to provide optimal contribution to the national economy developmentconsidering to its potential.The purpose of this study was to analyze the determinants of investment, demand and supply ofIndonesian tourism sector. Regarding to answer the problems, this research used series data from 1990 –2012 periods, by using simultaneous model (2SLS) the model analyzed impact of investment, andinternational trade of Indonesia tourism sector to the national economic growth. Based on the Two StagesLeast Squares method on simultaneous model, the results of the analysis gives some conclusions including: (1)tourism arrivals, tourism expenditure, investment, consumption price index, total consumption, governmentspending, export and import tourism affected the national tourism demand, (2) Current investment andinvestment on previous year, total consumption on previous year, and travel warning have positive impact tonational tourism supply, (3) GDP was the most influenced variable beside Indonesia tourism price andneighbor countries’ tourism price as competitors of Indonesia tourism. Finally, the simulations showed thefiscal and monetary policy impact to the national economic tourismsector.
ANALISIS FLUKTUASI DOLLAR AMERIKA SERIKAT TERHADAP RUPIAH DI SAAT DAN SETELAH KRISIS SUBPRIME MORTGAGE 2007 - 2013 Gustiyan Taufik Mahardika; Hermanto Siregar; Dedi Budiman Hakim
Signifikan: Jurnal Ilmu Ekonomi Vol 3, No. 2, Oktober 2014
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (544.574 KB) | DOI: 10.15408/sigf.v3i2.2060

Abstract

In a floating system, exchange rates fluctuate due to macroeconomic conditions that occur. Due to the uncertainty caused by economic shocks or financial crises such as subprime mortgage crisis, fluctuation analysis can be used to minimize the risks that arise in business that involve exchange rates such as export/import or hedge funds. This study aims to analyze the fluctuations in the exchange rate during and after the subprime mortgage crisis 2007 – 2013 in order to give a better understanding on the dynamics of the exchange rate. By analyzing the dynamics, individuals or companies that make the currency as a component in its business can then decide the right policy to implement. Analyses were performed using an error correction model (ECM) for nominal (NER) and real exchange rate (RER). The variables that are proven significant for NER are money supply (JUB), current account (CAB), economic growth (EGROW), and the nominal central bank rate (NBIRATE). The dummy crisis variable did not have a significant effect on the NER, while the CAB affect NER in the short run only, and EGROW affect NER in the long run only.DOI: 10.15408/sjie.v3i2.2060
ECONOMIC GROWTH, TRADE AND ENVIRONMENTAL ISSUES: TESTING ENVIRONMENTAL KUZNETS CURVE Dedi Budiman Hakim
Economic Journal of Emerging Markets Volume 3 Issue 3, 2011
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.v3i3.2981

Abstract

ASEAN experiences a dynamic economic growth due to its liberalised markets. However concerns arise related to environmental issues resulting from the economic activities. It reflects tradeoffs between economic growth driven by trade and foreign direct investment (FDI), and environment. To investigate such a relation the Environmental Kuznets Curve was applied by regressing amount of carbon emission with gross domestic product (GDP), quadratic GDP, trade openness and FDI. The result reveals that amount of carbon emission is linearly and positively correlated with GDP per capita. It is predicted that as ASEAN economies grow, carbon emission increases. Trade openness is also found to contribute to carbon emission. Keywords: Kuznets curve, carbon emission, gross domestic product, trade, foreign direct investment JEL classification number: F15, F18
Capital adequacy of the banking industry in Indonesia Sri Murtiyanti; Noer Azam Achsani; Dedi Budiman Hakim
Economic Journal of Emerging Markets Volume 7 Issue 2, 2015
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol7.iss2.art1

Abstract

This study analyzes the relationship between credit risk and profitability on the capital adequacy ratio (CAR) of commercial banks in Indonesia. The empirical model result shows that credit risk and profitability performance altogether significantly influence the capital adequacy ratio (CAR). Partially, the variables that significantly influence the CAR are the characteristics and complexity of the bank group. This study also suggests that the pace towards the long-term balance is, in general, less than one year. Capital ratio in the banking industry is 8%, indicating the bank has set aside to anticipate the impact of external factors as well as to comply with Bank Indonesia Regulation Number 15/12/PBI/2013.
The Role of Rice’s Price in the Household Consumption in Indonesia Dian Hafizah; Dedi Budiman Hakim; Harianto Harianto; Rita Nurmalina
Agriekonomika Vol 9, No 1: April 2020
Publisher : Department of Agribusiness, Faculty of Agriculture, Universitas Trunojoyo Madura, Indonesi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (350.26 KB) | DOI: 10.21107/agriekonomika.v9i1.6962

Abstract

The purpose of the study was to analyze the role of rice’s price in household consumption patterns in Indonesia. The method used was the Quadratic Almost Ideal Demand System (QUAIDS). The data used were obtained from the National Social Economy Survey in 2016. The results show that when the price of rice increases by one percent, the demand for other carbohydrates, eggs-milk-beans, fruits also Cigarette and processed foods will be increase. Meanwhile, in other groups, when the price of rice rises, the demand will go down. Thus, it can be concluded that households still prioritize rice consumption in their daily consumption patterns compared to other commodity groups. Therefore, the government should develop policies that encourage people to consume more diverse food groups.
Dampak Pengembangan Perkebunan Kelapa Rakyat Terhadap Kemiskinan dan Perekonomian Kabupaten Indragiri Hilir Ahmad Aris; Bambang Juanda; Akhmad Fauzi; Dedi Budiman Hakim
Jurnal Agro Ekonomi Vol 28, No 1 (2010): Jurnal Agro Ekonomi
Publisher : Pusat Sosial Ekonomi dan Kebijakan Pertanian

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21082/jae.v28n1.2010.69-94

Abstract

EnglishIndragiri Hilir Regency is one of the coconut production centers in Indonesia and is considered as the main source of income for most of the farmers. However, this Regency has a high percentage of poverty during the past few years in Riau Province. This research aims to analyze the impact of coconut sector development on regional economy, identify the potential of regional losses, and formulate policy options to improve of regional income and to decrease poverty level. Primary and secondary data were analyzed using Social Accounting Matrix, Foster-Greer Thorbecke Poverty Index and descriptive analysis. The result indicates that coconut and its processing activities have high impact on structure of output, gross added value, and employment opportunity. Coconut sector has indicated regional losses, especially at the large-scale processing activity caused by the flow of both employment and capital incomes to other regions. Investment policies amounted to Rp. 50 billion each in coconut sector (Simulation 1), large-scale coconut industry sector (Simulation 2), and household scale industry sector (Simulation 3) could only reduce poverty level at 2.78 percent (for farm household landholding size ranges from 0.00 to1.00 ha), and 5.67 percent (for landholding size more than 1.00 ha). Other household groups have no change in poverty level. Simulation 1 provides higher contribution in improving incomes of production factors and household, respectively at 2.07 and 2.08 percent compared with Simulation 2 and 3. Meanwhile, Simulation 3 contributes the highest impact in increasing income of production sector (about 2.79 percent). IndonesianKabupaten Indragiri Hilir merupakan salah satu sentra produksi kelapa di Indonesia dan sebagian besar peduduknya berusaha di sektor kelapa sebagai mata pencaharian utamanya. Disisi lain, kabupaten ini memiliki persentase penduduk miskin yang tertinggi diantara kabupaten/kota yang ada di Provinsi Riau pada beberapa tahun terakhir. Penelitian ini bertujuan untuk menganalisis dampak pengembangan sektor kelapa terhadap perekonomian wilayah, menganalisis indikasi dan potensi kebocoran wilayah sektor kelapa serta dampaknya terhadap perekonomian wilayah, dan menganalisis opsi kebijakan yang dapat meningkatkan pendapatan dan menurunkan kemiskinan. Data yang digunakan dalam penelitian ini adalah data primer dan sekunder yang dianalisis dengan menggunakan Sistem Neraca Sosial Ekonomi, Indeks kemiskinan Foster-Greer-Thorbecke, dan analisis deskriptif. Hasil penelitian menunjukkan bahwa sektor kelapa dan sektor industri pengolahan kelapa memiliki dampak yang besar terhadap pembentukan output, nilai tambah bruto, dan penyerapan tenaga kerja di Kabupaten Indragiri Hilir. Sektor kelapa mengalami kebocoran wilayah, terutama pada sektor industri pengolahan kelapa skala besar yang disebabkan oleh adanya aliran pendapatan modal dan tenaga kerja yang keluar wilayah. Kebijakan investasi pada sektor kelapa (simulasi 1), sektor industri kelapa skala besar (simulasi 2), dan sektor industri kelapa skala rumah tangga (simulasi 3) masing-masing 50 milyar rupiah hanya mampu menurunkan kemiskinan sebesar 2,8 persen untuk rumah tangga petani yang memiliki lahan 0,00-1,00 ha, dan 5,67 persen untuk rumah tangga petani yang memiliki lahan > 100 ha. Disisi lain, pada kelompok rumah tangga lainnya tidak mengalami penurunan kemiskinan. Simulasi 1 memberikan kontribusi yang lebih besar dalam peningkatkan pendapatan faktor produksi dan pendapatan rumah tangga, yaitu 2,07 persen dan 2,08 persen dibandingkan simulai 2 dan 3. Sedangkan simulasi 3 memiliki dampak yang tertingi dalam meningkatkan pendapatan pada sektor produksi yaitu sebesar 2,79 persen.
THE EVALUATION ON THE FINANCIAL PERFORMANCE OF PAPER AND PULP COMPANIES IN INDONESIA Rinaldi Syahran; Dedi Budiman Hakim; Dadang Sukandar
Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 2 No. 3 (2016): IJBE, Vol. 2 No. 3, September 2016
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/ijbe.2.3.187

Abstract

In 2013, the government has made the pulps and papers industries into a strategic sector. The decision to make the pulp and papers as the strategic sector,  proved that the government  is serious in developing companies in this sector. However, in the same year the producer’s margin in the Asia market has dropped. Hence, due to the two reasons, the financial performance of the Pulps and Papers in Indonesia need to be evaluated. The objective of the research is to evaluate the financial performance of the pulps and papers companies in Indonesia. The method is using the financial ratio and economic value added that is obtained from the financial data report. The data are entered and processed using Excel software. The result obtained is that in a long term, the Tjiwi Kimia paper company has the best financial performance in solvability and profitability, while Indah Kiat Pulps and Papers Company have the best long term liquidity. In a long term, there are no companies have the best economic value added. In 2013, Indah Kiat Pulps and Papers have the best financial performance in terms of liquidity, profitability and economic value added production, while Tjiwi Kimia Company has the best solvability.    Keywords: economic value added, financial performance evaluation, pulp and  papers, financial ratio, financial report
Co-Authors -, Komadin -, Koswara ., Harianto A. Faroby Falatehan Adawiya Taufani Adi Hadianto Adler Haymans Manurung Agus Maulana Ahmad Aris Ahmad Raafi’i Akhmad Fauzi Alla Asmara Amalia Amalia Amas Priatna, Isep Anis Fahri Anis Fahri Aprianto, Dwi Arif Satria Aripradana Aripradana Aris, Ahmad Ayu Renita Sari Bahasoan, Husen Bambang Juanda Bonar M. Sinaga Bonar Marulitua Sinaga Budi Hanta Prawiro Bunasor Sanim Bustanul Arifin Citra Vita Yunigtyas D Sonny Priyarsono Dadang Dadang Sukandar Darmawan, Indra Dea Amanda Dedy Yuliawan Deni Lubis desi aryani Dewi Asrini Fazaria Dian Hafizah, Dian Dian Verawati Panjaitan Difah, Deby Ananda Dila Vindayani Djoni Hartono Duwi Yunitasari Dwi Ajeng Kartini Apriliyanti Dwi Rachmina Dwi Rachmina Eka Intan K Putri Eka Intan Kumala Putri Emil Fatmala Endy Jeri Suswono Ering, Sherly Eriyatno . Erliza Noor Faizal Amir Falah, Samsul Falatehan, Falatehan Faurani I Santi Singagerda Faurani Santi Ferry Ardiansyah Ferry Syarifuddin Feryanto Fini Lovita Firman Fajar Fredian Tonny Nasdian Ganefi, Hadi Satria Gustiyan Taufik Mahardika Hadi Satria Ganefi Hadikumara, Fikri Hardinata Muhammad Hari Wijayanto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Hartoyo Hartoyo Hasan, Arif Hastuti HC Royke Singgih Hendra Gunawan Hendrakusumaatmadja, Sutara Hendro Sasongko Heny K Daryanto Hermanto Siregar Hidayanto, Muh. Wawan Himawan Hariyoga I K Marla Lusda Ihdiani Abubakar Indah Nurhidayati Indra Darmawan Irdika Mansur Isep Amas Priatna JAENAL EFFENDI Jamilah Jamilah Jojo Jojo Kaharuddin, Amalyah Khumaira Khumaira Komalawati Lala M Kolopaking Limetry Liana Mey Lukytawati Anggraeni M. Husein Sawit Mangara Tambunan Maria Maghdalena Diana Widiastuti, Maria Maghdalena Diana Mariyah Mariyah Matheus Mika Gideon Rumbiak Mimik Nurjanti Mitha Virnawati Miza, Teuku Iqbal Moch. Hadi Santoso Muh. Wawan Hidayanto Muhammad Firdaus Muhammad Iqbal Muhammad Rifqi Syauqi Mulya E. Siregar Mulya Siregar Mumuh Mulyana Muryani Muryani Nengsi Puspita Dewi Nia Daliati Ahjat Nugraha, Dwi Tjahya Nugraha, Ramlan - Nur Afni Evalia Pamuji Gesang Raharjo Pamuji Gesang Raharjo Perdana Wahyu Santosa Pusporini, Diah PUTRI, YUNITA HERMAWATI Ratna Winandi Ratna Winandi Asmarantaka Ratna Winandi Asmarantaka Reisty Amelia Reni Kustiari Reni Kustiari Rico Rizal Budidarmo Rina Oktaviani Rina Oktaviani Rina Oktaviani Rinaldi Syahran Rita Nurmalina Rizkia, Tatu S Syahrial Sahara Sahara Sahara Samsul Falah Sapto Jumono Sarjono Sarjono, Sarjono SATRIYAS ILYAS Sri Amanda Fitriani Sri Hartoyo Sri Mulatsih Sri Mulatsih Sri Murtiyanti Sri Nuryanti Sri Utami Lestari Sri Utami Lestari Sulviane, Indah Ayu Syabrina, El Tamalia Nur Fadillah Tanti Novianti TATI NURHAYATI Tatu Rizkia Tia Revinadewi Tika Dwi Tama Toni Bakhtiar Tony Irawan Tresna Ritaningsih Tri Arifin Darsono Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Widada, Rasyid Widodo, Kharisma Dwi Widyastutik Winda Rahmalia Windi Wijayanti Wiwiek Rindayati Yeti Lis Purnamadewi Yuliandi Yuliandi Yunigtyas, Citra Vita Yuningtyas, Citra Vita YUNITA HERMAWATI PUTRI Yusiana, Ekalia Yusman Syaukat Yusman Syaukat Yusman Syaukat Yutrizal Jacoub Zahara Bastari Zega, Yuris