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Between the Job Creation Act and Labor Act: What’s Specific Time Employee Agreement (PKWT)? Ariawan Gunadi; Suwinto Johan; Amad Sudiro
Nagari Law Review Vol 5 No 2 (2022): Nagari Law Review
Publisher : Faculty of Law, Andalas University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/nalrev.v.5.i.2.p.160-170.2022

Abstract

President Jokowi signed the Law of the Republic of Indonesia No. 11 of 2020 on Job Creation (UU Cipta Kerja), but the Constitutional Court (MK) decided to conduct a judicial review. According to the Constitutional Court, the government must revise the Job Creation Law within two years. Two of the five petitioners for judicial review express concern about the Job Creation Law's inclusion of Specific Time Employee Agreements (PKWT). A Specific Time Employee Agreement is a contract between a business/employer and its employees for a specified period. The purpose of this study is to examine Specific Time Employee Agreements. This study employs a normative judicial methodology. The research is unique in discussing Specific Time Employee Agreements from two perspectives: the worker and the employer. Additionally, this research examines how Specific Time Employee Agreements have been implemented in practice thus far. The research concludes that workers lack understanding of Specific Time Employee Agreements, raising concerns about the Job Creation Law. The absence of a formulation regarding precarious work creates legal uncertainty for workers. Ineffective communication between the employer and employees has raised suspicions regarding the Specific Time Employee Agreement between the two parties. The Job Creation Law's socialization of labor cluster legislation requires improvement. To avoid misinterpretation, the definition of non-permanent work must be clarified
DOES COVID-19 EFFECT BANK PERFORMANCE? An Evidence from Indonesia Johan, Suwinto; Chuadrey, A. Letizia M.
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol. 11 No. 2: Juni 2022
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v11i2.6472

Abstract

The Covid-19 epidemic has impacted many elements of human existence. The economy is in a downturn. The number of individuals living in poverty is rising. Many businesses are going out of business. Banking is a sector that helps a country's economy. The goal of this study is to see if COVID-19 impacts the banking industry's performance. The data for this study spans two years, from 2019 to 2020. The year before the pandemic is 2019, and the pandemic is 2020. This study includes data from 17 banks as a sample. The Mann-Whitney non-parametric test method was employed in this investigation. The study looks at any changes in bank financial performance in Indonesia before and after the Covid-19 outbreak. According to the findings, bank performance in company size, profitability, and efficiency did not alter before or during the pandemic. This explains why the bank's performance is stable due to the government's macroeconomic policies. Bank success has been sustained by macro policies
TRACKING DEVICES ON COLLATERAL VEHICLES BY FINANCIAL INSTITUTIONS INVADES CUSTOMER PRIVACY ACCORDING TO PRIVACY PROTECTION LAW Johan, Suwinto
Journal of Law and Policy Transformation Vol 8 No 1 (2023)
Publisher : Universitas Internasional Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37253/jlpt.v8i1.7361

Abstract

Financial institutions expect financing to be returned on time and adhere the terms of the agreement. Financial institutions profit from the ability to handle non-performing loans (NPL). The lower the level of NPL, the lower the risk and the higher the profit made by the financial institution. One way to mitigate risk is the capacity to take over the collateral for financing. One of the collaterals for financing is in the form of a vehicle. This vehicle is guaranteed by Fiduciary security. If consumer default occurs, financial institutions can seize the collateral and use it to pay off the loan. Financial institutions employ a variety of strategies to ensure that collateral is quickly located in the event of a default. One method is to use technology to install a tracking device. This study scrutinizes the use of tracking devices by financial institutions from the perspective of consumer privacy protection. This normative legal research concludes that collaterals with Fiduciary security are property of financial institutions prior to settlement. However, the installation of tracking devices on collateral vehicles might invade customer privacy. The customer has the option to object the installation of the device on the vehicle.
Transformasi Lembaga Keuangan di Era Revolusi Industri 4.0 Johan, Suwinto; Khuzaimah, Zein; Ng, Marella
Jurnal Pelayanan dan Pengabdian Masyarakat (Pamas) Vol 8, No 1 (2024): Jurnal Pelayanan dan Pengabdian Masyarakat (PAMAS)
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat (LPPM Universitas Respati Indonesia)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52643/pamas.v8i1.2326

Abstract

Tujuan dari webinar ini adalah memberikan pengetahuan tentang bagaimana sebuah financial institution terutama dibidang multifinance bertransformasi dengan mengintegrasikan system yang saling terhubung dan terkoneksi satu sama lain dalam membuat ketupusan. Seperti yang kita tahu di era industry 4.0 adalah sebuah era di mana teknologi mengambil peran hampir seluruh aktivitas perekonomian. Banyak sekali bisnis dari berbagai bidang yang mengubah model bisnisnya dari tradisional menjadi digital sebagai langkah strategis yang harus diambil untuk tetap tumbuh dan bertahan pada era ini. Transformasi implementasi peruhaban pada bisnis model menjadi tantangan bagi perusahaan, oleh karena itu komitmen dan dukungan dari berbagai pihak diperlukan untuk mencapai tujuan bisnis. Pada pembelajaran ini mengundang praktisi yang berkompeten dibidang informasi dan teknologi untuk membagikan pengalamannya terkait dengan perubahan perusahaan financial di era 4.0. Masyarakat secara umum memperoleh pengetahuan mengenai banyak hal tentang bagaimana bentuk serta proses penyesuaian yang dilakukan institusi financial terutama perusahaan pembayaran dalam membuat sebuah trasformasi yang efisien dan efektif.
The structure of consumer finance industry in emerging market (Empirical evidence: Indonesia 2000-2015) Johan, Suwinto
Jurnal Manajemen Bisnis dan Kewirausahaan Vol 1 No 2 (2017): Jurnal Manajemen Bisnis dan Kewirausahaan
Publisher : Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmbk.v1i2.4771

Abstract

This paper aims to study the structure of the Indonesia Finance Company Industry over the period 2001-2015. The finance company industry is growing rapidly from Rp. 37 trillion in 2001 to Rp. 425 trillion in 2015 with a compounded annual growth rate (CAGR) of 18%. At the same time, the number company in the industry has reduced from 245 in 2001 to 203 in 2015. We use the Concentration Ratio (CR) and Herfindahl-Hirschman Index (HHI) to measure the structure of the industry. Our sample consists of 97 companies in 2001 to 125 companies in 2015. The empirical results show that the Indonesian finance company industry is not highly concentrated. The HHI has reached 451 in 2015 from 313 in 2010. There has been a significant increase in the concentration ratio from 2000 to 2015, especially the concentration in CR4, CR8, and CR12. The CR4 has reached 34,12%, CR8 has reached 51,15%, CR12 61,72%, and CR20 by 76,57%. The CR4 means that the top 4 finance companies have controlled 34,12% of the total productive assets of the financing industry by 2015. The CR4 has almost reached the oligopoly category. However, there is a potential for higher concentration if we group the companies by the shareholders’ ownership, due to the controlling issue of the shareholders.
Implementing Business Judgment Rules in Corporate Decision-Making: A Focus on the Tourism Industry Johan, Suwinto
UNES Law Review Vol. 6 No. 4 (2024): UNES LAW REVIEW (Juni 2024)
Publisher : LPPM Universitas Ekasakti Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/unesrev.v6i4.2071

Abstract

The Board of Directors assumes responsibility for managing a Limited Liability Company, making decisions amidst uncertain circumstances that may lead to company losses. Directors must adherence to the principles of the business judgment rule and act without conflict of interest and with utmost good faith towards the company's best interests. This study explores the application of business judgment rules by directors in corporate governance, employing normative juridical methods. Directors' accountability for company losses under these rules were examined based on the primary, secondary, and other relevant data sources. The research concludes that directors can effectively apply business judgment rules when they operate with integrity and prioritize the company's well-being, emphasizing the importance of maintaining good corporate governance standards.
IT IS BETTER TO BUY AT THE OFFICIAL STORE OR PREMIUM STORE AT E-COMMERCE Johan, Suwinto
Jurnal Ilmiah Ekonomi Bisnis Vol 29, No 1 (2024)
Publisher : Universitas Gunadarma

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35760/eb.2024.v29i1.8885

Abstract

E-commerce is a highly popular method of buying items right now. One of the many well-known e-commerce sites where many individuals are vying to create their own businesses is Tokopedia. Large corporations operate independently, but they also create their own official storefronts to entice customers to buy products directly from them without going through middlemen and benefiting from the Tokopedia guarantee. In order to draw clients and receive a guarantee from Tokopedia, retailers other than official stores and stores that are operated independently can upgrade to premium shops by paying a monthly charge. Potential customers take this into account because not all the things they desire are available in the official store. This study examines whether sales, establishment, operating hours, rating, and the number of couriers would affect consumers' decisions to make purchases from official stores and premium retailers.
Does Terrorism Still Spread Fear to ASEAN’s Financial Market? Johan, Suwinto
JAS (Journal of ASEAN Studies) Vol. 12 No. 1 (2024): Journal of ASEAN Studies
Publisher : Centre for Business and Diplomatic Studies (CBDS) Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jas.v12i1.7389

Abstract

The research aimed to examine the financial markets’ responses to terrorist attacks in Southeast Asia. Market reactions were a reflection of public sentiment. The market reaction was calculated using the stock index indicator and the currency exchange rate of the country relative to the US Dollar. The research employed a paired test to compare the period prior to and following the terrorist attack. The research used Wilcoxon Test to examine 38 terrorist attacks across four Southeast Asian nations: Indonesia, Thailand, Philippines, and Malaysia. The research concludes that the stock index exhibits both normal and abnormal returns between pre-incident and post-incident periods. Post-incident returns are higher than pre-incident returns. Stockholders are not required to sell their existing holdings in response to a terrorist attack. Between pre-incident and post-incident investors who do not invest in the capital or money markets, the foreign exchange market does not exhibit significant changes. Investors can profit by purchasing stock or foreign currency on the day of the incident or one day afterwards and selling it three days later.
Capital Market Reaction to Several Announcements Related to COVID-19 Vaccine in LQ-45 Index Johan, Suwinto; Victoria, Erika
KINERJA Vol. 26 No. 2 (2022): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v26i2.5715

Abstract

COVID-19 has caused many losses to stock markets worldwide, including in Indonesia. All industrial sectors' stock prices have declined significantly from December 2019 to May 2020. Due to the pandemic, the COVID-19 vaccine brings hope and optimism to the country's economy, which will cause a reaction in the capital market. This study aims to test is there any market reaction to several cases related to the COVID-19 vaccine. Those events are: the government received the first dose Covid-19 vaccine, the government canceled the paid individual vaccination program, and COVID-19 vaccination has penetrated more than 100 million people. This study was measured by abnormal return and trading volume activity within two different periods, i.e., a day before (D-1) to a day after (t-1) and three days before (t-3) to three days after (t+3) of each event. This research was conducted on companies listed on LQ-45 that were determined using the purposive sampling technique and will be analyzed using a one-sample Kolmogorov Smirnov test, Paired sample t-test, and Wilcoxon signed-rank test. This study indicates a capital market reaction to all the cases related to the COVID-19 vaccine researched in this study, which causes changes in abnormal returns and a significant increase in volume after the announcement.
Efek Pandemi Covid-19 Pada Keberlanjutan Industri Penerbangan Dan Pekerja Suwinto Johan; Sarah Novalina Sipayung; Chesy Conysia Fitri Safa’at; Veronika Angel Siregar; Muslih Abdillah; Kezia Telambanua
Jurnal Kreativitas Pengabdian Kepada Masyarakat (PKM) Vol 5, No 8 (2022): Volume 5 No 8 Agustus 2022
Publisher : Universitas Malahayati Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33024/jkpm.v5i8.6695

Abstract

ABSTRAK Pandemi Covid-19 telah mempengaruhi kehidupan manusia dan kegiatan bisnis di berbagai bidang. Industri penerbangan merupakan salah satu industri yang mengalami banyak hambatan karena pembatasan aktivitas sosial. Hambatan di industri penerbangan telah mempengaruhi kehidupan para pekerja di industri ini. Pemutusan hubungan kerja dan penurunan pendapatan telah mempengaruhi para pekerja di industri penerbangan, terutama pramugari. Kegiatan ini bertujuan untuk membagi pengalaman seorang pekerja yang menghadapi hambatan akibat pandemi Covid-19. Kegiatan ini mengundang salah satu pramugari senior untuk membagikan pengalamannya hidupnya dalam menghadapi pandemi Covid-19. Industri penerbangan mengalami tekanan yang sangat berat. Jumlah penerbangan berkurang secara drastis. Perusahaan penerbangan berusaha kembali dengan memasuki bisnis kargo point-selling new services seperti pengalaman merasakan penerbangan tanpa terbang. Karyawan industri penerbangan menempuh cara baru agar tetap beraktivitas. Ada yang meninjau kembali pekerjaan, dengan sekolah lagi. Ada yang mempergunakan media sosial atau digital dengan jadi brand ambassador dan content creator. Para pekerja tidak hanya diam saja dalam menghadapi pandemi ini tetapi mereka juga mencari jalan keluar lainnya. Kata Kunci: Industri Penerbangan, Keberlanjutan, Pandemi Covid-19 ABSTRACT The Covid-19 pandemic has affected human life and business activities in various fields. The aviation industry is one of the industries that face many obstacles due to restrictions on social activities. Barriers in the aviation industry have affected the lives of workers in this industry. Layoffs and declining incomes have affected workers in the airline industry, especially flight attendants. This activity aims to share the experience of a worker who faces obstacles due to the Covid-19 pandemic. This activity invited one of the senior flight attendants to share his life experience in dealing with the Covid-19 pandemic. The aviation industry is under tremendous pressure. The number of flights decreased drastically. Airline companies are trying to re-enter the cargo business of point-selling new services, such as the experience of experiencing flight without flying. Aviation industry employees are taking new ways to stay active. Some are revisiting their careers with school again. Some use social or digital media to become brand ambassadors and content creators. The workers are not only silent in the face of this pandemic but they are also looking for other solutions. Keywords: Airline; Pandemic Covid-19; Sustainibility