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The Role of Foreign Loans in the Implementation of the Precautionary Principle Johan, Suwinto
Jurnal Riset Pendidikan Ekonomi Vol. 9 No. 2 (2024): Oktober
Publisher : Fakultas Ekonomika dan Bisnis, Universitas Kanjuruhan Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21067/jrpe.v9i2.9976

Abstract

Every country requires financing for its development from both domestic and foreign sources. Many countries take on foreign loans to offset their development financing deficits. However, these foreign loans carry a default risk, necessitating prudent management. This research was performed to evaluate the contributions and management of foreign loans based on the principle of prudence using a normative method. This research regarded primary data, secondary data, and other forms of data to arrive at conclusions. The results showed that foreign loans primarily serve to cover a country's development balance deficit and must be managed with caution. One practical measure is requiring recipients of foreign loans to have their debt independently rated by a rating agency. Moreover, the usage of foreign debt should be critically assessed to ensure it fosters economic growth, and authorities should avoid deploying these funds for consumer purposes.
Implementation of Working Agreement with Probationary Period in Financial Industry According to Labor Law Johan, Suwinto
SASI Volume 28 Issue 1, March 2022
Publisher : Faculty of Law, Universitas Pattimura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47268/sasi.v28i1.709

Abstract

Introduction: This study looks at how to implement a three-month probationary period for probationary employees.Purposes of the Research: The purpose of this study is to examine the working interaction between employees and employers in the financial industry during a employment agreement with a probationary period.Methods of the Research: This study employs a normative legal research approach.Results of the Research: The findings of this study show that a three-month probationary period is insufficient for evaluating a worker's performance. The extension of a probationary period for a worker is prohibited by law. Companies must look for new ways to appraise employee. Probationary periods are more suited to non-management positions than to managerial positions. For managerial level, the probationary term is more than three months. The level of directors is not regulated under labor laws. Labor law does not need to govern work agreements for workers at the managerial level. The parties' agreement can be regulated by the civil law.
THE EFFECT OF TOURIST LEVY IMPOSITION Johan, Suwinto
Jurnal Pariwisata Vol 12, No 1 (2025): Jurnal Pariwisata
Publisher : LPPM Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/par.v12i1.21791

Abstract

ABSTRACTBeginning in February 2024, Bali will introduce a tourist tax, a development that calls for an in-depth analysis of its introduction, impacts, rationale, and the utilization of its proceeds. ourism tax is a tax imposed on tourists who visit an area or country. This tax is a new type of tax. This research aims to assess the sosial and economics’ effects of the tourist tax and its application, utilizing a normative research approach. The findings indicate that while the imposition of a tourist tax is likely to be effective in established tourist areas, its effectiveness in newer tourist regions may not be as significant. New areas will have a smaller impact because the areas are new and many tourist visits are also new, so implementing taxes is easier. Moreover, the research highlights the necessity for explicit guidelines on the management and allocation of the tax revenue, emphasizing that it should predominantly benefit the enhancement of local tourism infrastructure and services, rather than being allocated to non-tourism-related expenditures. The government needs to issue regulations regarding the imposition of this tax and the allocation of the use of this tax. If the regulations are local government then regional government regulations are needed. The research further emphasizes the critical need for transparency and accountability in the processes of monitoring and reporting the tax collection and expenditure. It recommends that local regulations be developed or refined to specifically address these aspects, ensuring that the application of the tourist tax is conducted in a manner that is both transparent and accountable to the public and stakeholders involved. In general, the tax aspects are the taxpayer principle, the nationality principle, and the source of payment principleKeywords: Effect, Tourist Tax, Tourism, Supervision, Legal Basis ABSTRAKDimulai pada bulan Februari 2024, Bali akan memberlakukan pajak pariwisata, sebuah perkembangan yang memerlukan analisis mendalam tentang penerapannya, dampaknya, alasan, dan pemanfaatan hasilnya. Pajak pariwisata adalah pajak yang dikenakan kepada wisatawan yang berkunjung ke suatu daerah atau negara. Pajak ini merupakan jenis pajak baru. Penelitian ini bertujuan untuk mengkaji dampak sosial dan ekonomi dari pajak pariwisata dan penerapannya, dengan menggunakan pendekatan penelitian normatif. Temuan penelitian menunjukkan bahwa meskipun pengenaan pajak pariwisata kemungkinan efektif di daerah wisata yang sudah mapan, efektivitasnya di daerah wisata yang lebih baru mungkin tidak begitu signifikan. Daerah baru akan memiliki dampak yang lebih kecil karena daerah tersebut baru dan banyak kunjungan wisatawan juga baru, sehingga penerapan pajak lebih mudah. Lebih lanjut, penelitian ini menyoroti perlunya pedoman yang tegas tentang pengelolaan dan alokasi penerimaan pajak, dengan menekankan bahwa penerimaan pajak harus lebih banyak digunakan untuk peningkatan infrastruktur dan layanan pariwisata lokal, daripada dialokasikan untuk pengeluaran yang tidak terkait dengan pariwisata. Pemerintah perlu mengeluarkan peraturan mengenai pengenaan pajak ini dan alokasi penggunaan pajak ini. Jika peraturan tersebut adalah pemerintah daerah, maka diperlukan peraturan pemerintah daerah. Penelitian ini lebih lanjut menekankan perlunya transparansi dan akuntabilitas dalam proses pemantauan dan pelaporan pemungutan dan pengeluaran pajak. Penelitian ini merekomendasikan agar peraturan daerah dikembangkan atau disempurnakan untuk secara khusus menangani aspek-aspek ini, memastikan bahwa penerapan pajak pariwisata dilakukan dengan cara yang transparan dan akuntabel kepada publik dan pemangku kepentingan yang terlibat. Secara umum, aspek pajak adalah asas wajib pajak, asas kewarganegaraan, dan asas sumber pembayaran. Kata kunci: Dampak, Pajak Pariwisata, Pariwisata, Pengawasan, Dasar Hukum
PELATIHAN ETIKA BISNIS DAN HUKUM KEPADA MAHASISWA BISNIS Johan, Suwinto; Manurung, Sony Priya Elita
Jurnal ABDI: Media Pengabdian Kepada Masyarakat Vol. 9 No. 1 (2023): JURNAL ABDI : Media Pengabdian Kepada masyarakat
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/abdi.v9i1.17249

Abstract

Ethics in business has become crucial in daily economic activities. However, ethical violations still occur frequently. In principle, ethics comes from our morals as human beings with the basis of thinking what is good and what is not. Ethics is not only needed in business but also professional ethics. This training event aims to provide additional insight into the professional ethics of advocates. The training expects students to learn about business ethics, professional ethics and the consequences if they do not practice ethics. The training is conducted by means of webinars in order to reach a large number of participants. This training concludes that business ethics has a positive impact on the long-term performance of the company.
Performance and Contribution of Japanese and Non-Japanese Financial Institutions in Developing Economies: an Empirical Research in Indonesia Johan, Suwinto
JDM (Jurnal Dinamika Manajemen) Vol 11, No 1 (2020): March 2020
Publisher : Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jdm.v11i1.22798

Abstract

Paper purpose is to analysis the value generated by the Japanese and Non Japanese financial institutions in Indonesia banking from 2013-2018. The paper concentrated on the 16 foreign banks contained of seven affiliates of Japanese banks and nine affiliates of Asian Non-Japanese Banks. The shareholders’ origination will be the independent parameter, and the main financial measurements are the capital structure, credit risk, efficiency, profitability, and firm size, will be the dependent parameter. This paper used non-parametric Mann Whitney Test, besides parametric by Regression of Dummy Variable. The empirical outcomes indicate that there are variances in capital structure, credit risk, efficiency, and firm size. There is no significant variance in profitability ratio. Japanese banks are more noticeable in terms of firm size and well in efficiency ratio and loan to deposit ratio. However, Japanese banks have a higher non-performing credit. The outcomes are significant at a = 1% for capital structure and efficiency ratio.
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.
PROTECTION OF CAPITAL MARKET RETAIL INVESTOR INTERESTS AGAINST DUAL CLASS VOTING SYSTEMS Johan, Suwinto; Lie, Gunardi
International Journal of Application on Economics and Business Vol. 1 No. 3 (2023): Agustus 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i3.992-999

Abstract

The technology company GoTo has listed its share securities on the Indonesian capital market. GoTo has listed shares with a series or Multiple Voting Shares (MVS) scheme. The Financial Services Authority (OJK) has issued POJK, which regulates MVS. MVS gives rise to shares with voting rights that are different from other shares. This system is known as the dual-class voting system (DCVS). This study aims to discuss how to protect the interests of retail investors who have investments in companies that have MVS. This research uses legal normative. This study concludes that MVS must have a specific validity period, except State-Owned Enterprises (BUMN). The government must own SOEs that influence many people's lives with dual-colored shares. These MVS shares do not have voting rights but still, have the advantage of dividends. The purpose of MVS is for shareholders to protect the company's long-term interests. The government owns Dwiwarna shares intending to safeguard the interests of the national economy. MVS or DCVS affects the long-term running of the company's business to remain appropriate and avoid a hostile takeover.
Implementing Business Judgment Rules in Corporate Decision-Making: A Focus on the Tourism Industry Johan, Suwinto
UNES Law Review Vol. 6 No. 4 (2024)
Publisher : Universitas Ekasakti

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.
Financial Technology Company's Debt Collection Method: A Legal Aspect Suwinto Johan
Unnes Law Journal Vol. 8 No. 1 (2022): April, 2022
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/ulj.v8i1.37290

Abstract

Online loans are an alternative source of loans for the public. Online lending has grown rapidly. Financial technology companies are online loan providers. Financial technology companies use various ways to collect loans that are not paid by customers when they are due. One of the debt collection methods is to distribute photos and debt collection stories of the customer to the contacts in the customer's mobile number. This distribution has caused unrest for the people contacted either via messenger or via SMS. This research aims to discuss the pattern of debt collection by financial technology companies from a juridical viewpoint. This research uses the juridical normative method. This research concludes that data retrieval and data dissemination constitute a violation of personal data protection for customers and people who receive news and SMS. Retrieval of data without approval or contacting a loan with another party without prior knowledge has violated the personal domain of the data owner. The government needs to immediately issue regulations regarding the protection of personal data related to electronic transactions.
METAVERSE AND ITS IMPLICATION IN LAW AND BUSINESS Johan, Suwinto
Jurnal Hukum Progresif Vol 10, No 2 (2022): Oktober 2022
Publisher : Doctoral of Law Program, Faculty of Law, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jhp.10.2.153-166

Abstract

We hear that the future world is the world of the Metaverse. Metaverse is a virtual space created by digital versions of various aspects of life. This study aims to examine the function of law in the metaverse world. This study uses a normative juridical method. This study concludes that the metaverse world still requires the implementation of different laws. The current laws and regulations need to make implementation adjustments in the metaverse world. The change from the real world to the virtual world is like how communication in the real world becomes digital communication that we are experiencing. Adjustments to human behavior must be accompanied by adjustments to the governing regulations. State boundaries become fictitious, and applicable laws do not recognize state and government boundaries.