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All Journal Jurnal Reviu Akuntansi dan Keuangan Jurnal Akuntansi Indonesia Signifikan : Jurnal Ilmu Ekonomi Islamadina : Jurnal Pemikiran Islam Jurnal Manajemen Terapan dan Keuangan Ekonomi Bisnis EL-MUHASABA Jurnal Keuangan dan Perbankan Jurnal Dinamika Akuntansi MUQTASID Journal of Economics, Business, & Accountancy Ventura Jurnal Penelitian Ekonomi dan Bisnis JAKU (Jurnal Akuntansi & Keuangan Unja) (e-journal) Jurnal Manajemen Teori dan Terapan EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis MIX : Jurnal Ilmiah Manajemen Jurnal Ekonomi dan Bisnis Islam Falah : Jurnal Ekonomi Syariah Jurnal Riset Akuntansi Terpadu Jurnal Ilmiah Ekonomi Islam AKRUAL: Jurnal Akuntansi EKSPANSI Economica: Jurnal Ekonomi Islam International Journal of Islamic Economics and Finance (IJIEF) FITRAH:Jurnal Kajian Ilmu-ilmu Keislaman Journal of Economic, Bussines and Accounting (COSTING) Jurnal Organisasi Dan Manajemen SENTRALISASI Indonesian Fisheries Research Journal Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Shirkah: Journal of Economics and Business JURISMA: Jurnal Riset Bisnis & Manajemen JIKA: Jurnal Ilmu Keuangan dan Perbankan PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Journal of Innovation in Business and Economics Eksis: Jurnal Riset Ekonomi dan Bisnis JURNAL AKUNTANSI, MANAJEMEN DAN EKONOMI Inovasi: Jurnal Ilmiah Ilmu Manajemen Competitive Jurnal Akuntansi dan Keuangan Majalah Ilmiah Bijak Business Management Analysis Journal (BMAJ) ECOPLAN : JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES JURNAL LENTERA BISNIS Sebelas Maret Business Review Balance Vocation Accounting Journal Jurnal Ekonomi Manajemen Sistem Informasi Journal of Islamic Accounting and Finance Research Community Engagement and Emergence Journal (CEEJ) Jurnal Buana Akuntansi International Journal of Business, Humanities, Education and Social Sciences (IJBHES) Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Journal of Islamic Economics and Finance Studies Economics and Digital Business Review Jurnal Eksplorasi Akuntansi (JEA) Unram Journal of Community Service (UJCS) Telaah Bisnis Jurnal Locus Penelitian dan Pengabdian Wadiah : Jurnal Perbankan Syariah Jurnal Riset Ekonomi Syariah Al-Tijary : Jurnal Ekonomi dan Bisnis Islam Jurnal Lemhannas RI Journal of Accounting and Finance Management (JAFM) Journal of Business Studies and Management Review Inkubis: Jurnal Ekonomi dan Bisnis Journal of Economics, Entrepreneurship, Management Business and Accounting Equilibrium: Jurnal Ekonomi Syariah Riwayat: Educational Journal of History and Humanities IIJSE Majapahit Journal of Islamic Finance dan Management Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Jurnal Ilmiah Akuntansi dan Keuangan Majapahit Journal of Islamic Finance dan Management International Journal of Management and Business Applied BAABU AL-ILMI: Ekonomi dan Perbankan Syariah Journal of Islamic Economic Laws Jurnal Ekonomi, Bisnis & Entrepreneurship (e-Journal) Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Faizul Mubarok
Universitas Terbuka
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Biochemistry, Genetics & Molecular Biology Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Environmental Science Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Public Health Social Sciences Other

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A Study of Interest Rate Thresholds on Foreign Investment in the Construction Sub-Sector in Indonesia Lumintang, Zulfikar Halim; Damayanty , Prisila; Mubarok, Faizul
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.544

Abstract

The construction subsector plays a strategic role in driving infrastructure development, regional connectivity, and national economic competitiveness. However, the realization of foreign direct investment (FDI) in this subsector remains relatively low compared to other sectors, despite the improving investment climate in Indonesia. One of the main factors influencing foreign investors’ decisions is macroeconomic variables such as interest rates, exchange rates, and foreign reserves, which in the context of the construction subsector are suspected to have a complex and not entirely linear relationship. This study aims to analyze the realization of FDI in the construction subsector along with the macroeconomic factors affecting it, to identify the nonlinear relationship pattern between interest rates and FDI, and to estimate the optimal interest rate threshold to attract foreign investment. The research uses quarterly secondary data from 2010–2023, analyzed with the Vector Error Correction Model (VECM), supported by RESET test, Johannsen cointegration, IRF, and FEVD. The results reveal a nonlinear inverted U-shaped relationship between interest rates and FDI in the construction subsector, with an optimal threshold at 4.195%. At moderate levels, interest rates have a significant positive effect, but become negative when exceeding this optimal point. Conversely, exchange rates and foreign reserves do not significantly affect FDI, although their directional relationships are consistent with theoretical expectations. These findings suggest that prudent interest rate management, exchange rate stability, and structural improvements in the construction subsector are crucial to enhancing Indonesia’s attractiveness to foreign investors.
A Dynamic Model of Banking Efficiency, Stability, and Competition in Indonesia Nur'aini, Dyah Tari; Damayanty, Prisila; Mubarok, Faizul
Majapahit Journal of Islamic Finance and Management Vol. 5 No. 3 (2025): Islamic Finance and Management
Publisher : Department of Sharia Economics Institut Pesantren KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v5i3.561

Abstract

The banking industry plays a vital role in Indonesia's economy, yet the dynamics among efficiency, stability, and competition levels often exhibit complex and not fully understood relationships. This study aims to analyze a dynamic model that describes the short- and long-term interactions between efficiency, stability, and competition in Indonesia's banking industry during the period 2015–2023. The research employs a quantitative approach using the Vector Error Correction Model (VECM) to examine the causal effects and the contribution of shocks among the variables. Secondary data were obtained from annual bank financial statements, OJK statistics, and Bank Indonesia publications. The findings indicate that competition positively affects efficiency, in line with the competition-efficiency hypothesis and quiet life hypothesis, but exhibits a nonlinear relationship with stability: increasing short-term risk but enhancing long-term stability, as described by the competition-stability hypothesis. Stability consistently improves efficiency and competition in both the short and long term, while the impact of efficiency on competition is more limited. The Impulse Response Function and Forecast Error Variance Decomposition analyzes also show that each variable initially dominates its own variability, with the contribution of other variables gradually increasing over the long term. These findings offer important implications for regulators and banking practitioners in formulating strategies to enhance competitiveness, improve efficiency, and maintain stability sustainably.
PROFITABILITY DRIVERS: AN IN-DEPTH ANALYSIS OF HEALTH INDUSTRY COMPANIES Mubarok, Faizul; Kurnia, Muhammad Irfan; Mutiara, Laila; Prakoso, Yoga Dwi
COMPETITIVE Vol 9, No 1 (2025): Competitive Jurnal Akuntansi dan Keuangan
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/competitive.v9i1.10495

Abstract

This research examines the influence of liquidity, activity, interest rate, and firm value variables on the profitability of healthcare companies listed on the Indonesia Stock Exchange. Employing purposive sampling, the study chose eight healthcare companies as its sample from 2018 to 2022. Data analysis was carried out by applying a fixed effect model. The results showed that two variables, namely asset turnover (activity ratio) and interest rates, have a significant influence on the profitability of companies in the healthcare sector. However, the variables of current ratio (liquidity) and firm value have yet to be proven to influence the level of profitability of these companies significantly. This finding implies that managers of companies in the healthcare sector need to pay attention to these factors in managing finances and increasing profitability. Improving efficiency in asset utilization and a better understanding of interest rate conditions can be effective strategies. Meanwhile, liquidity and firm value do not significantly impact profitability, which may provide additional insights for managerial decision-making in this sector.
Pengaruh Inventarisasi dan Legal Audit Terhadap Optimalisasi Pemanfaatan Aset dengan Kualitas Manajemen Aset Sebagai Variabel Moderasi (Studi Pada Sekretariat DPRD Kalimantan Utara) Wahyuni, Sri; Rika Candraningrat, Ica; Mubarok, Faizul
Journal of Accounting and Finance Management Vol. 6 No. 4 (2025): Journal of Accounting and Finance Management (September - October 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i4.2497

Abstract

Dalam penelitian ini, rancangan penelitian yang akan dilakukan yaitu penelitian kuantitatif. Pada umumnya, penelitian kuantitatif merupakan penelitian sample besar. Dari jenis masalah yang ingin dikaji, penelitian ini merupakan penelitian korelasi yang dimaksudkan untuk mengetahui ada atau tidaknya hubungan atau pengaruh antara dua variabel atau lebih. Penelitian dilakukan dengan metode survei dengan menyebarkan kuesioner kepada 52 orang yang terlibat dalam pengelolaan dan pengadaan aset milik daerah di lingkungan sekretariat DPRD Provinsi Kalimantan Utara. Pengambilan sampel penelitian menggunakan non-probability sampling dimana data yang diperoleh dalam penelitian ini dianalisis dengan menggunakan Structural Equation Modeling (SEM) -Partial Least Square (PLS). Hasil penelitian ini menunjukkan bahwa inventarisasi berpengaruh signifikan terhadap optimalisasi pemanfaatan aset. Legal audit berpengaruh signifikan terhadap optimalisasi pemanfaatan aset. Pengaruh inventaris terhadap optimalisasi pemanfaatan aset lebih kuat pada tingkat kualitas manajemen aset yang tinggi dan pengaruh legal audit terhadap optimalisasi pemanfaatan aset lebih kuat pada tingkat kualitas manajemen aset yang tinggi.
Penguatan Ekonomi Berkelanjutan Berbasis Manajemen Administrasi Usaha Budidaya Ikan Nila: Strengthening a Sustainable Economy Based on Administrative Management of Tilapia Cultivation Businesses Rekarti, Endi; Mubarok, Faizul; Wibowo, Martino; Sultan, Zulkifli; Widokarti, Joko Rizkie
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 9 No. 10 (2024): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Tilapia is a popular type of fish in the global aquaculture industry, with the advantage of genetically enhanced strains for fast growth and feed efficiency. However, cultivators often need help with administrative management, suboptimal productivity, and limited knowledge about the latest cultivation technology. The community service program, which involves the Berkah Jaya tilapia cultivator group in Pandeglang, aims to increase understanding and overcome these challenges through assistance focusing on locally based solutions. Strategies include disease control, water quality management, and infrastructure improvements. Adopting appropriate technology and improving group administrative management are the main strategies for achieving sustainability and increasing productivity in tilapia farming.
Peran Manajemen Keuangan Keluarga Dalam Meningkatkan Kesejahteraan Melalui Pendapatan Dan Literasi Keuangan Pada Ibu Rumah Tangga Di Kabupaten Karimun Widyawan, Damar; Lestari, Etty Puji; Mubarok, Faizul
Jurnal Locus Penelitian dan Pengabdian Vol. 4 No. 8 (2025): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v4i8.4677

Abstract

Tingkat kesejahteraan keluarga di Kabupaten Karimun yang cenderung tidak stabil, mendorong ibu rumah tangga di Kabupaten Karimun untuk terampil dalam melakukan manajemen keuangan keluarga. Tujuan penelitian ini untuk mengetahui peran manajemen keuangan keluarga dalam meningkatkan kesejahteraan melalui pendapatan dan literasi keuangan yang dilakukan oleh ibu rumah tangga di Kabupaten Karimun. Penelitian ini menggunakan pendekatan kuantitatif metode analisis data Partial Least Square (PLS) dengan Boostrapping dan menyasar 397 responden yaitu ibu rumah tangga di Kabupaten Karimun. Penelitian ini menggunakan analisis measurement outer model dan structural inner model. Hasil penelitian menunjukkan bahwa terdapat signifikasi secara positif dari peran peran manajemen keuangan keluarga dalam meningkatkan kesejahteraan melalui pendapatan dan literasi keuangan pada ibu rumah tangga di Kabupaten Karimun. Manajemen keuangan melalui pendapatan mampu membentuk perilaku manajemen keuangan secara lebih bertanggung jawab. Sedangkan pada manajemen keuangan keluarga melalui literasi keuangan ternyata mampu meningkatkan kesadaran ibu rumah tangga di Kabupaten Karimun untuk membuat rencana keputusan ekonomi yang bermanfaat untuk masa kini maupun masa mendatang.
Financial Strategy and Profitability Performance: Financial Ratio Analysis of the Telecommunications Industry on the Indonesia Stock Exchange Mubarok, Faizul; Utami, Tutik Sri; Ishanifah, Annisa; Mawarni, Annisa Putri
Telaah Bisnis Vol. 25 No. 2 (2024): December 2024
Publisher : Sekolah Tinggi Ilmu Manajemen YKPN Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35917/tb.v25i2.461

Abstract

This quantitative analysis aims to provide empirical evidence regarding the impact of solvency, liquidity, activity, and company age on the level of profitability in telecommunications companies. The research sample consists of six companies in the telecommunications sector listed on the Indonesia Stock Exchange (IDX) during the 2018-2022 period. The data comes from each company's financial statements, accessed through the Indonesia Stock Exchange with the panel regression method. The results of this study indicate that liquidity and company age have a positive and significant influence on the profitability of telecommunications companies. In contrast, solvency and activity have no significant impact. These findings provide a better understanding of the factors that contribute to the profitability performance of companies in the sector. The practical implication of this study is that the management of telecommunication companies can focus more on strategies that increase the level of liquidity and consider the company's age in their financial policy planning. By understanding the impact of these variables, companies can optimize their financial structure to achieve better profitability levels. This research can serve as a foundation for better decision-making in managing the financial aspects of telecommunication companies.
DETERMINANTS OF PROFITABILITY IN CONVENTIONAL BANKS: A REVIEW OF FINANCIAL FACTORS Mubarok, Faizul; Sauqi, Irfan; Zahra, Ikrimatuz; Putra, Muhammad Zaki Adzkiya
Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, dan Akuntansi Vol 16 No 1 (2024)
Publisher : Accounting Department, Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ekspansi.v16i1.5664

Abstract

This research aims to conduct an in-depth analysis of various factors that influence the profitability of conventional banking. The study focuses on five key financial indicators, namely loan-to-deposit ratio (LDR), Operational Expenses to Operating Income (BOPO), Net Loan performance (NPL), Current Ratio (CR), and Net Interest Margin (NIM). The research sample was carefully selected through purposive sampling and included six conventional banks listed on the Indonesia Stock Exchange from 2015 to 2022. The research uses a panel data regression fixed effect model as the analysis model. The results indicate that Loan Deposit Ratio (LDR), Operational Expenses to Operating Income (BOPO), and Net Performing Loans (NPL) have a significant impact on the profitability of conventional banking. In contrast, the research found no significant impact of the Current Ratio (CR) and Net Interest Margin (NIM) on the profitability of conventional banking. This research provides a comprehensive understanding of the complex relationship between crucial financial indicators and the profitability of conventional banking. The findings of this study could serve as a valuable reference for practitioners and decision-makers in the banking industry to develop optimal strategies to enhance financial performance.
Keterikatan Risiko Sistematis dan Risiko Tidak Sistematis terhadap Return Saham Sektor Consumer Goods Poluan, Meylan Sendy; Hendrian, Hendrian; Mubarok, Faizul
INOVASI Vol. 11 No. 2 (2024): Inovasi: Jurnal Ilmiah Ilmu Manajemen
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/Inovasi.v11i2.p376-385.42553

Abstract

Investor melakukan investasi dengan mempertimbangkan faktor risiko dan return yang akan diperoleh atas investasi yang dilakukan. Disamping itu, investor juga menganalisa bagaimana kinerja perusahaan yang dapat berdampak pada harga dan return saham di bursa efek Indonesia. Saham sektor consumer goods adalah salah satu saham yang mengalami peningkatan ketika terjadinya Pandemi Covid-19 akibat adanya peningkatan kebutuhan konsumsi di saat itu. Penelitian ini dilakukan dengan tujuan menganalisa dan menguji pengaruh Risiko Sistematis, Current Ratio, Return On Asset dan Debt To Equity Ratio Terhadap Return Saham. Jumlah sampel perusahaan sebanyak 20 perusahaan yang diambil berdasarkan teknik pengambilan sampel purposive sampling, dengan regresi data panel sebagai metode analisis yang dilakukan dengan program eviews dan interval waktu penelitian lima tahun. Berdasarkan hasil analisis ditemukan bahwa secara simultan Risiko Sistematis, Current Ratio, Return On Asset dan Debt To Equity Ratio berpengaruh terhadap return saham , sedangkan secara parsial Risiko Sistematis dan Current ratio tidak berpengaruh terhadap return saham; Return On Asset dan Debt To Equity Ratio berpengaruh terhadap return saham.
VALUE CHAIN ANALYSIS: BUSINESS MODEL, OPERATION, AND FINANCE MANAGEMENT OF CAPTURE FISHERIES BUSINESS wibowo, martino; Anwar, Kasful; Mubarok, Faizul; Khurniawan, Arie Wibowo; Wongsuwatt, Sippavitch
Indonesian Fisheries Research Journal Vol 30, No 2 (2024): (Desember) 2024
Publisher : Jakarta Technical University of Fisheries

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15578/ifrj.30.2.2024.7-21

Abstract

This study analyzes the value chain in small and medium-sized fishery enterprises across several Indonesian provinces (Jakarta, Yogyakarta, Bali, South Sulawesi, and West Sumatra). To fully comprehend the value chain in the fishing industry, it is essential to answer the research problems of the pattern identification of the capture fish value chain, and the implementation of the business process in the capture fish industry. It identifies challenges and opportunities within the value chain, particularly regarding resource access, regulation, transportation, and financial impacts. The research employs a comprehensive value chain analysis, utilizing the Business Model Canvas approach. Primary and secondary data were gathered through interviews and analyzing external data sources. It was done from May to November 2023 involving 50 seafood restaurant owners and 110 fishermen in five provinces. The analysis was conducted using panel data methods with robustness tests performed to ensure the validity of the results The study finds significant operational challenges in maintaining the quality and quantity of fresh fish, inefficiencies in various stages of the value chain, and potential areas for improvement in the captured fisheries business models of SMEs and the big firm. It highlights the importance of market stability, sustainable practices, and economic viability for the growth of SMEs in the fishery sector. 
Co-Authors Abdul Halim Abdul Hamid Abdul Hamid Affandhi, Hanif Ali Muktiyanto Andi Harmoko Arifin Andi Harmoko Arifin Ari Warokka Arie Wibowo Khurniawan Arief Mufraini, Arief Astuti, Desy Widhi Asyifa Nurul Arshylla Aulia Sepviani Aumeboonsuke, Vesarach Ayu Rachmawati Benbadri, Asir Filard Benny Eko Supriyanto Bisma, Muhammad Faturrahman Aria Budianto, Yusuf Damayanti, Prisila Damayanti, Prisilla Damayanty , Prisila Darma Saputra Deni Pandu Nugraha Diky Paramitha Dyah Ekaari Sekar Jatiningsih, Dyah Ekaari Sekar El Ghifari, Muhammad Sheva Endi Rekarti, Endi Eni Sutrieni Erliana Indasaputry Erlin, Erlin Etik Ipda Riyani Etik Ipda Riyani, Etik Ipda Riyani Etty Puji Lestari Fajarwati, Nabila Desinta Farhan Putra Pramudya Fatimah Azzahrah Fatimah, Etty Febrina, Anisha Ferliana, Vira Firdaus, Paja Zaky Fizriyah, Nurul Florentina, Ika Halim, Abdul Hasta Dwi Pradana Henanda, Fauzan Falah Hendrian Hendrian, Hendrian Hermanto Siregar Himawan, Farras Azhar Ananda Husen, Ulfiya Ika Florentina Indo Yama Nasaruddin Irmawaty Irwan Trinugroho Irwan Trinugroho Ishanifah, Annisa Izzuddin, Muhammad Ziyad Joko Rizkie Widokarti Kabul Wahyu Utomo Kasful Anwar Khaira Nazla Al Naquib Khurniawan, Arie Wibowo Klimko, Roman Kurnia, Muhammad Irfan Kurniawan*, Iqbal Latif, Sahraman D Hadji Lika Malika Lukas Purwoto Lumbangaol, Lasando Lumintang, Zulfikar Halim Lyadi, Citra Febria Mahjus Ekananda Martino Wibowo Maulida, Zahra Mawarni, Annisa Putri Melan Rena Mohammad Masykur Fadhli Mohammad Nur Rianto Al Arif Muhammad Arief Mufraini Muhammad Faturrahman Aria Bisma Muhammad Iqbal Arrasyid Muhammad Ridho Syakhran Siregar Muhammad Ziyad Izzuddin Muhammad Zulham Tarmuzi Maradjabesi Mulyawan, Anggi Muna, Putri Naelul Murtiadi Awaluddin Mutiara, Laila Nabila, Bela Nunung Nuryartono Nur'aini, Dyah Tari Nurhasanah, Anggun Nurmailia, Avhita Nuryasman Nuryasman Nuryasman Nuryasman Pamungkas, Farhan Pangestu, Ilham Poluan, Meylan Sendy Poppy Damayanti Pradana, Hasta Dwi Prakoso, Yoga Dwi Pramudya, Farhan Putra Prasetiyo, Yudhi Pratiwi, Rida Adela Prisila Damayanty Purnomo, Kelik Heri Putra, Muhammad Zaki Adzkiya Rahman, Saif Ur Rahman, Saif-Ur Rentika, Della Rika Candraningrat, Ica Rosimah Ahmad Rusdianto Rusdianto Rustandi Rustandi Sabrina, Kayla Nur Sahraman Hadji Latief Said Kelana Asnawi Salsabila, Shazkia Sauqi, Irfan Senewe, Fika Olivia Setijaning, Herlin Tundjung Setyowati, Erlina Nur’aini Shine Pintor Siolemba Patiro Shofia Shofia Sippavitch Wongsuwatt Siregar, Muhammad Ridho Syakhran Sri Wahyuni SULTAN, ZULKIFLI Suntrayuth, Sid Syaiful, Dzikra Nisa Syarif, Afdal Tiena Suhartini Tri Gunarsih Tubagus Ismail Ulfarini, Deby Utami, Risma Nadya Utami, Tutik Sri Vesarach Aumeebonsuke Wardiwiyono, Sartini Wati, Lela Nurlaela Widyawan, Damar Wongsuwatt, Sippavitch Yaacob, Zulnaidi Yudhi Prasetiyo Yudie Fitrianto Zahra, Ikrimatuz Zilwan, M. ⁠Nelly Mahaduri