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Loso Judijanto
IPOSS Jakarta Indonesia
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The Political Economy of Natural Resources: Exploitation and Sustainability Loso Judijanto; Reza Ronaldo; Edy Setiawan
Nomico Vol. 1 No. 11 (2024): Nomico-December
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/gw3bvs59

Abstract

This article explores the political economy dynamics of natural resources in relation to their exploitation and sustainability. Natural resources, such as oil, gas, minerals, and forests, play a critical role in economic development. However, their management is often hindered by power imbalances, neoliberal policies, and pressures from globalization. Using a descriptive qualitative approach, the study analyzes how policies, economic structures, and political dynamics shape the exploitation of natural resources and their effects on social, economic, and environmental sustainability. The article emphasizes the need for sustainable development as a solution, focusing on integrating environmental sustainability, social inclusiveness, and equitable economic growth. By addressing these interconnected factors, the article argues that it is possible to achieve a balance between economic growth and the preservation of natural resources. Furthermore, it offers strategic recommendations for overcoming the challenges of exploitation and inequality in resource management. These recommendations include creating policies that prioritize fairness, transparency, and long-term sustainability. The article stresses the importance of inclusive and future-oriented governance, which ensures that natural resource wealth benefits all sectors of society, while minimizing environmental degradation. Such governance approaches can lead to more equitable outcomes, fostering a sustainable relationship between human development and the natural environment.
The Impact of Globalization on Macroeconomic Stability and National Economic Policy in Developing Countries Loso Judijanto; Masyaili; Nun Arinal Haqqa El Mustafa; Izharuddin Pagala
Nomico Vol. 1 No. 11 (2024): Nomico-December
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/nc6t8105

Abstract

This study aims to analyze the impact of globalization on macroeconomic stability and national economic policy in developing countries. Globalization has opened up various opportunities for developing countries in terms of international trade, foreign investment, and technology transfer, which can boost economic growth. However, the impact of globalization is uneven, with some developing countries being able to take advantage of it optimally, while others experience difficulties. There is an imbalance in the impact of globalization, where developing countries that are more integrated in the global economy tend to experience greater benefits, while those that are more isolated face greater challenges in terms of economic and policy stability. This study uses a quantitative approach with SPSS analysis tools to analyze data collected from 118 respondents in developing countries. The research discusses in depth how national economic policies can adapt to the changes brought by globalization, especially in terms of maintaining macroeconomic stability. The results are expected to provide an overview of the relationship between globalization and macroeconomic factors, as well as the economic policies needed to respond to the impact of globalization. The discussion in this study will focus on the challenges faced by developing countries, such as exchange rate fluctuations and inflation, and how fiscal and monetary policies can be optimized to create sustainable economic growth. The analysis will also provide policy recommendations to improve economic stability in the future
Impact of Fiscal Policy on Economic Growth in Developing Countries Arjang Arjang; Hendri Khuan; Rudy Badrudin; Loso Judijanto; Ummy Kalsum; Rizal Ruben Manullang
Nomico Vol. 1 No. 12 (2025): Nomico-January
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/06bv6z03

Abstract

This study examines the impact of fiscal policy on economic growth in developing countries, emphasizing the role of government expenditures and tax policies in shaping economic outcomes. The findings indicate a strong positive relationship between fiscal policy and economic growth, where government spending and tax measures significantly contribute to enhancing economic performance. Specifically, the study reveals that well-structured fiscal policies can effectively promote growth, with key fiscal tools such as public investment and tax reforms playing a vital role. The results suggest that developing countries can achieve higher economic growth by implementing strategic fiscal measures, which can address structural challenges and encourage sustainable development. The research provides essential insights for policymakers to design more efficient fiscal policies that foster long-term economic stability and growth.
Evaluation of the impact of Monetary Policy on Macroeconomic Stability in Indonesia Loso Judijanto; Ikhyanuddin Ikhyanuddin; Putu Gede Subhaktiyasa; KMT Lasmiatun; Aloysius Jondar
Nomico Vol. 1 No. 12 (2025): Nomico-January
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/k0rtc218

Abstract

This study aims to evaluate the effect of monetary policy on macroeconomic stability in Indonesia in the period 2018-2023. Monetary policies implemented by Bank Indonesia, such as changes in benchmark interest rates and controlling the money supply, play an important role in maintaining inflation, exchange rates, and economic growth. Using time series-based quantitative methods, this study analyzed secondary data from Bank Indonesia, the Central Bureau of Statistics, and related international sources. The results showed that monetary policy is effective in controlling inflation and maintaining exchange rate stability, although external challenges such as fluctuations in global commodity prices continue to affect Indonesia's economic performance. Additionally, the study highlights the role of global financial market volatility and geopolitical tensions, which can limit the effectiveness of domestic monetary policies. Despite these challenges, Bank Indonesia's adaptive strategies, including macroprudential measures and policy rate adjustments, have contributed significantly to mitigating negative external shocks. This study provides recommendations for increased coordination between monetary and fiscal policies as well as monetary policy flexibility in facing the challenges of a dynamic global economy. Strengthening institutional frameworks and enhancing transparency in policy communication are also suggested to improve investor confidence and ensure sustainable economic growth.
Effect of Exchange Rate Changes on Exports and Imports in Indonesia Loso Judijanto; Marita Damanik
Nomico Vol. 2 No. 1 (2025): Nomico-February
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/xbz0j505

Abstract

This study analyzes the impact of exchange rate fluctuations on Indonesia’s trade performance, focusing on exports and imports. Using a quantitative approach with econometric analysis, the research applies multiple linear regression to examine the relationship between exchange rates and trade. The findings reveal that exchange rate depreciation does not always enhance exports as commonly expected; instead, it may increase import costs, affecting overall trade balance. While a weaker Rupiah can make Indonesian goods more affordable in global markets, the extent of its impact depends on factors such as production capacity, global demand, and trade policies. The statistical tests confirm that exchange rate movements have a significant influence on trade performance, with the model demonstrating strong explanatory power. These results highlight the crucial role of exchange rate stability in maintaining a competitive and sustainable trade environment. The study provides valuable insights for policymakers, businesses, and researchers in developing strategies to mitigate risks associated with exchange rate fluctuations and strengthen Indonesia’s position in international trade.
Evaluation of the Effectiveness of Income Tax Policy in the era of Globalization Loso Judijanto; Olyvia Rosalia; Selly Swandari; Firayani Firayani
Nomico Vol. 2 No. 1 (2025): Nomico-February
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/jz6s6d60

Abstract

Tax policies play a crucial role in shaping economic growth and investment decisions in an increasingly globalized world. This study examines the impact of globalization on national tax policies, focusing on tax competition, corporate taxation, and the challenges of maintaining revenue stability. Globalization has intensified tax competition among countries, often leading to reduced corporate tax rates to attract foreign investments. While tax incentives can stimulate economic activity, they may also erode government revenues and create disparities in tax burdens. This research explores the role of international tax treaties in harmonizing tax regulations and reducing tax avoidance strategies by multinational corporations. Furthermore, the study highlights the transition from income-based to consumption-based taxation as a response to shifting economic dynamics. The findings suggest that policymakers must balance tax competitiveness with sustainable revenue generation to ensure economic stability. By analyzing recent tax reforms and policy adaptations, this study provides insights into the complexities of taxation in a globalized economy and offers recommendations for future tax strategies.
The Effect of Monetary Policy on Inflation: an Empirical Approach Loso Judijanto; Olyvia Rosalia; M. Siddiqi; Firayani Firayani; Anis Noviya
Nomico Vol. 2 No. 1 (2025): Nomico-February
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/e9hfda43

Abstract

This study explores the impact of monetary policy on inflation rate, focusing on the role of interest rates, money supply, and bank credit. Using a quantitative approach, this research analyzes how these variables influence inflation through statistical methods. The study employs multiple linear regression analysis to determine the relationships between the independent and dependent variables. Secondary data from official financial reports and economic publications provide the basis for analysis. The findings suggest that interest rates have a negative relationship with inflation, meaning an increase in interest rates can help reduce inflationary pressures. Meanwhile, money supply and bank credit have a positive relationship with inflation, indicating that higher liquidity and credit availability contribute to rising inflation. The statistical tests confirm that the model used is valid and reliable, ensuring accurate interpretations of the results. This study underscores the importance of monetary policy adjustments in maintaining price stability. Policymakers should carefully manage interest rates, money supply, and credit distribution to effectively control inflation and promote economic stability.
Green Economy: Opportunities and Challenges for the Industrial Sector Amid Climate Change Issues Loso Judijanto
Nomico Vol. 2 No. 2 (2025): Nomico-March
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/bmm88c45

Abstract

This study aims to explore the understanding, challenges, and opportunities faced by the industrial sector in implementing the green economy concept amid climate change issues. Using a qualitative approach, this research investigates the experiences of large industries and MSMEs in transitioning toward a green economy, as well as its impact on production processes and competitiveness. The findings reveal a disparity in understanding between large enterprises and MSMEs, with larger companies generally being more prepared to adopt green technologies. In contrast, MSMEs tend to perceive this transition as a high-cost burden. The study also identifies key driving factors such as government regulations, market demands, and fiscal incentives that can accelerate green economy adoption. However, obstacles such as high investment costs, limited human resources, and policy uncertainty remain significant challenges. These findings highlight the importance of government support and cross-sector collaboration in accelerating a more inclusive transition toward a green economy.
The Future of The Green Economy in Indonesia: Challenges and Opportunities in The Energy Transition Loso Judijanto; Pramudi Harsono; Olyvia Rosalia
Nomico Vol. 2 No. 3 (2025): Nomico - April
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/527bww87

Abstract

This study aims to analyze the challenges and opportunities in Indonesia's transition towards a green economy, with a focus on the shift from fossil fuel dependence to renewable energy. As a developing country with abundant natural resource potential, Indonesia faces significant challenges in reducing greenhouse gas emissions and achieving the Net Zero Emission target by 2060. The study finds that although Indonesia has significant renewable energy potential such as solar, wind, and geothermal energy the development of renewable energy infrastructure and technology remains limited. Additionally, resistance from the fossil fuel industry and energy distribution inequality across regions pose obstacles to the implementation of energy transition policies. However, this transition also offers new economic opportunities, including the creation of green jobs and the growth of the green technology sector. Collaboration among the government, private sector, society, and academia is needed to accelerate the transition towards a sustainable green economy.
The Impact of Thin Capitalisation Rules on Corporate Tax Burden: Evidence from the Emerging Market Loso Judijanto
Nomico Vol. 2 No. 10 (2025): Nomico-November
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/8hssj844

Abstract

This study examines the impact of thin capitalization rules on corporate tax burdens in emerging markets, focusing on firm-level behavioural responses and policy effectiveness in Indonesia and Malaysia. Using a panel dataset of 78 firm-year observations drawn from 2015 to 2022, the study applies fixed-effects and random-effects regression models to assess changes in leverage, interest expenses, effective tax rates, and book tax differences following the implementation of thin capitalization rules. The findings indicate that the regulations significantly reduce corporate leverage and related-party interest expenses, consequently increasing cash effective tax rates among heavily leveraged firms. The results further show that firms engage in substitution toward non-debt tax planning channels when interest deductions are restricted, highlighting behavioural adaptability in response to regulatory pressure. Differences in regulatory effectiveness between Indonesia and Malaysia underscore the importance of enforcement capacity and administrative consistency in shaping compliance outcomes. The study concludes that thin capitalization rules contribute meaningfully to reducing debt-based profit shifting but require complementary tax governance reforms to maximize their impact. The results provide empirical insights relevant for policymakers seeking to strengthen corporate tax bases in emerging markets.              
Co-Authors . Syamsulbahri A Fadel Muhammad A. Hamid Abd Razak Musahib Abdul Azizs Abdul Muiz Abdul Muiz Abdul Rochman Abdul Rosid Abdul Rozak Abdul Tiar Mokodompit Abdul Wahab Syakhrani Abdul, Elfis Mus Abdulrival Hartoyo Abdurohim Abdurohim Abdurohim Abrar Hiswara Acep Fatchuroji Ach. Afin Achmad Choerudin Achmad Farchan Achmad Fitrian Achmad Harristhana Mauldfi Sastraatmadja Achmad Ridwan Achmad zahruudin Achmad Zaki Ade Onny Siagian Ade Suhara Adelia Angraeni Adelia Angraeni Adel Adelia Podomi Adelina Lubis Adi Mursalin Adi Suroso Adih Supriadi Adih Supriadi Adih Supriadi Adnan Adnan Afdhal Chatra Aferiaman Telaumbanua Afif Syarifudin Yahya Afif Syarifudin Yahya Agi Nanjar Aglis Andhita Hatmawan, Aglis Andhita Agung Zulfikri Agung Zulfikri Agung Zulfikri Agung, Eka Adnan Agus Septima Ridwan Agus Setiyawan Agustin Nurya Savitri Agustinus F. Paskalino Dadi Agustinus Sri Wahyudi Ahmad Eko Saputro Ahmad Hanafie Ahmad Junaidi Ahmad Junaidi Ahmad Novindri Aji Sukma Ahmad Rizani Ahmad Rizani Ahmad Rizani Ahmad Sholikin Ahmad Winanto Ahmad Yanuar Syauki Ahmad Zaelani Adnan Ahmadi Ahmadi Ahmadi Ahmadun Ahmadun Ai Siti Nurmiati Aida Fitriani Ainil Mardiah Ainur Rofiq Aisyah Ali Ajeng Faizah Nijma Ilma Akhlaqur Rahman Akhmad Akram Hirman Akka Latifah Jusdienar Akmal Abdullah Al- Amin Al-Amin Al-Amin Al-Amin Al-Amin Al-Amin Albert Yansen Aldi Bastiatul Fawait Fawait Aldo, Novian Aldrin Watson Gainau Alfa Santoso Budiwidjojo Putra Alfiana Alfrin Ernest M. Usmany Alim Hardiansyah Aloysius Jondar Alvianita Gunawan Putri Amândio de Araújo Sarmento Amândio de Araújo Sarmento Ambar Kusuma Astuti Ambarwati, Retnoning Amelia S. Sarungallo Amina Ramadana N Amir, Firlie Lanovia Amirah Andika Rifdayanti Amruddin Amruddin Andi Haslinah Andi Primafira Bumandava Eka Andi Wahyuni Syam Andika Isma Andina Maharani Andiopenta Andrea Basworo Palestho Andree Tiono Kurniawan Andri Ardhiyansyah Andri Pitoyo Andri Sungkowo Andri Triyantoro Andri Triyantoro Andrie Oktavio Andriya Risdwiyanto Andriya Risdwiyanto Angga Aldilla Gussman Anggi Mamonto Anggi Oktawiranti Anggi Setya Prayoga Anggita Permata Yakup Anggriani Husain Ani Kusumaningsih Anif Istianah Anis Noviya Anisa Fitria Utami Anna Maria Gadi Djou Anna Sutrisna Sukirman Annasit Annasit Annisa Mokoginta Ansori Ansori Anton Susilo Anton Susilo Antoni Antoni Antonius Rino Vanchapo Antono Damayanto Anung Haryanto Aprih Santoso Apriyanto Apriyanto Apt. Irfan Ahsani Ardi Azhar Nampira Ardiyanti, Handrini Ari Purwanti Arie Fitria ARIEF BUDI PRATOMO Arief Fahmi Lubis Arief Yanto Rukmana Arif Saefudin Arifatul Hasanah Aris Susanto Arisanti, Ivon Arjang Arjang Arman Paramansyah Arnadi Arnadi Chairunnas Arnes Yuli Vandika Arnold Sultantio Hutabarat Arteurt Yoseph Merung Asdi Asdi Asep Abdul Aziz Asep Supriyanto Aslan Aslan Aslan Aslan Aslan Asma Karim Asmirin Noor Aspiati Samiun Asri Ady Bakri Asri Ady Bakri Asri Widiatsih Ata Amrullah Ayu Dewi Mayasari Ayuning Atmasari Bachtiar Rahman Halik Bahrun Thalib Baktiar Nasution Balla Wahyu Budiarto Bambang Eko Prayetno Bambang Purwoko Bambang Sugeng Dwiyanto Bambang Suharto Bambang Suharto Baskoro Ajie Basneldi Basneldi Baso Intang Sappaile Baso Intang Sappaile Bayu Purbha Sakti Bekti Setiadi Bekti Utomo Bekti Utomo Bekti Utomo Benediktus Rolando Berlin Barus Bernadus Wibowo Suliantoro Bhaswarendra Guntur Hendratri Bikah Kusti Noviani Boby Hidayat Tabilantang Brian Sebastian Salim Budi Harto Budi Mardikawati Budi Sulistiyo Nugroho Bunyani, Nur Aini Cahyono Cahyono Caroline Caroline Caroline Caroline Caroline Caroline, Caroline Carwadi Catarina Cori Pradnya Paramita Chairil Afandy Chevy Herli Sumerli Chin, Jacky Christine Riani Elisabeth CNAWP, Rizal Perlambang Cut Ita Erliana, Defi Irwansyah, Dahlan Abdullah Cut Susan Octiva D Yadi Heryadi Darma Jasuli DARMAN Darmawan Listya Cahya David Loba David Rindu Kurniawan Deasy Sandya Dede Gustian Dede Rustaman Dedi Harianto Dedy Irwan Degdo Suprayitno Denari Dhahana Edtiyarsih Deni Iskandar Deni Iskandar Desi Asmaret Desi Yuniarti Desty Endrawati Subroto Devi Susiati Devi Trenggani Devia Septyani Dewa Oka Suparwata Dewi Endah Fajariana, Dewi Endah Dhety Chusumastuti Diah Fauziah Dian Ofasari Dian Permatasari Kusuma Dayu Dian Saripujiana Diawati, Prety Didih Muhamad Sudi Didik Sugeng Widiarto Didik Suhariyanto Dikky Suryadi Dila Padila Nurhasanah Dila Padila Nurhasanah Dina Destari Dina Indriyani Dini Mardiani Dodi Setiawan Riatmaja Donny Dharmawan Donny Dharmawan Dudik Djaja Sidarta Duta Mustajab Dwi Budi Srisulistiowati Dwi Dersmi Selan Dwi Fitrianingsih Dwi Kartika Prananingrum Dwi Koerniawati Dwi Wahyono Dwi Yani Dwian Hartomi Akta Padma Eldo Dyah Ayu Dwi Kusumaningrum Dyah Ayu Suryaningrum Dyah Ayu Suryaningrum Dzul Arsyil Majid Eddy Silamat Edi Putra Berutu Ediaman Sitepu Edwin Aldrin W. Sanadi Edwin Sugesti Nasution Edy Arisondha Edy Azwar Edy Saputra Edy Setiawan Edy Setyo Wibowo Efa Irdhayanti Effy Roefaida Egidius Fkun Eha Hasni Wahidhani Eigis Yani Pramularso Eka Mustika Sari Ekha Sri Sugiarti Eko Nursalim Eko Sudarmanto Eko Sutrisno Eko Wahyudi Eksa Rusdiyana Eliagus Telaumbanua Elis Mediawati, Elis Elismayanti Rembe Elkana Timotius Elkana Timotius Ellina Rienovita Ellyta Ellyta Elmiwati Ely Ibrahim Emi Yulia Siska Emmi Rahmiwita Nasution Emmy Hamidah Encep Sopandi, Encep Endang Supriatna Endrixs Endrianto Entin Solihah Entin Solihah Entin Solihah Era Purike Era Purike Era Purike Erfendi Regar Eri Mardiani Erik Novianto Erik Saut H Hutahaean, Erik Saut H Erlin Dolphina Ermy Dikta Sumanik Ernawaty Usman Ernes Septina Azizi Erni Yuningsih Ervina Kaligis Erwin Erwin Erwin Erwin Setiawan Erwin Yulianto Erwina Kartika Devi Etin Indrayani Euis Eka Pramiarsih Eva Desembrianita Eva Purnamasari Eva Yuniarti Utami Evaf Maulina Evracia Turukay Evy Febryani Evy Indriasari Eyad Saleh Bani-Domi Fachrizal Anwar Fadli Firdaus Fadlullah Fajar Rahmat Aziz Farhan Ferian Farida Arinie Soelistianto Farida Asy'ari Farida Asy'ari Farikhul Muafiq Farkhatun Zaidah Fatma Sarie Fauzan Fauzan Fauzi, Muhammad Sukron Fauziah Nur Hutauruk Febriawan Ardi Nugroho Febrina Annisa Febry Lodwyk Rihe Riwoe Ferry Arfiansyah Festus Evly R.I. Liow Filbert Ivander Fina Diana, Ridwan Fiqrul Mustanir Firayani Firayani Firdayetti, Firdayetti Firmansyah Firmansyah Firmansyah Fisy Amalia Fitriani Fitriani Tobing Fitriyani Flora Grace Putrianti Frans Sudirjo Frans Sudirjo Fryan Sopacua Fuadah Johari Gabriel Amadeus Sitompul Gautama Sastra Waskita Gede Bagus Wira Diputra Gia Lestia Mokodongan Gilang Pranajasakti Gingga Prananda Godlif Sianipar Gopur Gopur Gopur Gopur Grace Citra Dewi Grace Kelly Hadi Putri Sihombing Grace Tahapary Gunawan Widjaja Gusti Rusmayadi H.M.Anwar Hadenan Towpek Hadenan Towpek Hadi Purnomo Hafidurrahman, Moh Hafsah Us Hajar Mukaromah Hakim Muttaqim Halek Mu'min Halek Mu'min Halilurrahman Hamzah Al Imran Hanifah Nurul Muthmainah Harahap, Irwan Musriza Haris Numan Aulia Harlen Silalahi Harlina Kurniaty Harlina, Sitti Harsano Jayadi Harsya, Rabith Madah Khulaili Hartatik Hartatik Haruni Ode Haryadi Haryadi Haryono Haryono Hasan Ashari Hasdiana Hasibuan, Faisal Umardani Hasiun Budi Hasmia Melati Arifin Hasni Noor Hasrullah Hasrullah Hayu Lusianawati Hazmi, Muhammad Helda Marlin Ala Helda Yusita Helda Yusita Helmi Ali Hendra, Joni Hendri Khuan Hendri Khuan Hendri Khuan Heni Widyaningsih, Heni Henny Noviany Henny Noviany Henry Kristian Siburian Heppy Agustiana Vidyastuti Heri Setiyawan Heri Setiyawan Heri Susanto Heriani Heriani Herlina Lidiyawati Herny Constantia Fanggidae Herry M Polontoh Herwanto Herwanto Herwantono Hety Devita Hevi Susanti Hildawati Hiljati Hiljati Himawan Sutanto Hommy Dorthy Ellyany Sinaga Hosaini Hosaini Hurulaini Sekar Azzahra Husain Ali Husna Amin Husnah Katjina Husnayetti Husnayetti Hutabarat, Metyria Imelda Hydzulkifli Bin Haji Hashim I Dewa Gede Sayang Adi Yadnya I Dewa Gede Sayang Adi Yadnya I KETUT KUSUMA WIJAYA I Putu Gede Didik Widiarta I Putu Gede Didik Widiarta I Wayan Adi Pratama I Wayan Gede Suacana I Wayan Karang Utama Ia Kurnia Ibadurrahman Ibadurrahman Ibrahim Mallam Fali Ichsan Sjuhudi Ida Ayu Putri Suprapti Ignatius Septo Pramesworo IGP Ratih Andaningsih Ihat Subihat Ika Zakiah Ikhyanuddin Ikhyanuddin Ilham Ilham Akbar Bunyamin Ilham Akbar Bunyamin Ilham Ilham Illa Susanti Ilwandri Ilwandri Imam Hanafi Imam Jayanto Imam Subasman Imam Widodo Indah Rahayu Indah Sulistiani Indah Wati Indah Wati Indra Krishernawan Indra Rustiawan Indra Tjahyafi Indriastiningsih, Erna Ingrid Panjaitan Iradat Rayhan Sofyan Irma Irma Hakim Irmayanti Irmayanti Irsal Fauzi Irsyad Kamal Irwan Suryadi Irwan Suryadi Isah Fitriani Iskandar Iskandar Ismail Fahriassin Birah Ismail Nasar Ismaul Fitroh Ismed Wijaya Isnanto Bidja Istiarsyah, Istiarsyah Istiqomah Nur Rahmawati Ita Nurcholifah Ita Soegiarto Iwan Adinugroho Iwan Harsono Iwan Joko Prasetyo Iwan Kusnadi Iwan Kusnadi, Wahab Iwan Setiawan Iyad Abdallah Al- Shreifeen Iyad Abdallah Al- Shreifeen Iyad Abdallah Al-Shreifeen Izharuddin Pagala Ja'far Amir Jackson Yumame Jaka Darmawan Jamaluddin Majid Jan Horas Veryady Purba Januar Ida Wibowati Jasiah Jasiah Jasman Jasmin Jasmin Jata, I Wayan Jeheskial Saudale Jemmy Christian Rakinaung Jenuri Jhon Hericson Purba Jitu Halomoan Lumbantoruan Johan Wahyudhi Johni Eka Putra Johnny Chandra Joko Rianto Joko Sangaji Joni Bungai Joni Wilson Sitopu Jonni Mardizal Juni Iswanto K. M. Faisal Reza Kadek Dedy Herawan Kalijunjung Hasibuan Kalijunjung Hasibuan Kalsum, Ummy Khaeruman Khaerunnisa Khairul Nur Adli Khalid Rahman Khamaludin Khamaludin Klemens Mere KMT Lasmiatun Komang Shanty Muni Kosasih Krisdiana Kristiono, Natal Kristiurman Jaya Mendrofa Kristopo Kukuh Lukiyanto Kundori Kushariyadi Kushariyadi La Ili La Ode Rasidun Lapas Zoni Latif Karim Latifa Dinar Rahmani Hakim LAUNTU, ANSIR Lenny Nadriana Lensi Megah Retta Leonora Puspa Lia Nurina Liasulistia Ningsih Lina Maulidiana Listian Indriyani Achmad Listiana Sri Mulatsih Lola Mandasari Lola Yustrisia Luckhy Natalia Anastasye Lotte Lucky Mahesa Yahya Lukis Alam Lukmanul Hakim Luluk Faridah Lusiana Pratiwi Lutpi Samaduri Lydia Gustina Putri M Khoiri M Nuruz Zaman M Safii M. Ali Mauludin M. Amin Fatulloh M. Ammar Muhtadi M. Andri Juniansyah M. Anwar M. Anwar Aini M. Anwar Karnadi M. Aris Pujiyanto M. Fakhriansyah M. Masrukhan M. Masrukhan M. Rifqi Atsani M. Siddiqi M. Yemmardotillah M.Ammar Muhtadi M.M, Besse Faradiba Machzumy, Machzumy Made Susilawati Made Susilawati Magfira Mamonto Mahadi Pardede Mahardika Catur Putriwana Malik Mahardika, Aisyah Putri Rawe Mahdalena Mahdi Mahdi Mahdi Mahidin Fahmie Mahidin Fahmie Mahmuddin Mahmuddin Mahmudin Mahmudin Mahmudin, Tono Maiza Fikri Maiza Fikri Majidah Khairani, Majidah Maman Hariana Manu, Charisal B.S. Maria Yosefina Meinadia Sekar Kinanti Aswirawan Marita Damanik Marjuki Marjuki Maruf, Irma Rachmawati Marwan Effendi Marzuki Masri Ramadhan Masruri Masyaili Matnur Ritonga Maya Indriani Yacob Impak Mayndarto, Eko Cahyo Mazayatul Mufrihah B11212091 Mega Andani Mega Ilhamiwati Megandhi Gusti Wardhana Mei Rani Amalia Meiske Wenno Meisuri, Sri Apulina br Ginting and Mekar Meilisa Amalia Melati Dama Melia Roza, Melia Melly Susanti Melly Susanti Melyana R Pugu Mesak Yandri Masela Miftachul Amri Mira Miranda Mis F Situmeang Mislan Sihite, Mislan MISMIWATI, MISMIWATI MISMIWATI Mitra Musika Lubis Mitranikasih Laia Moch. Subekhan Moch. Sya'roni Hasan Mochamad Gilang A Mubarok Mochamad Irfan Moh Gifari Sono Moh. Erkamim Moh. Gufron Romadhoni Moh. Miftahul Arifin Moh. Samsul Arifin Mohamad Khairi Bin Haji Othman Mohammad Ahmad Bani Amer Mohammad Edy Nurtamam Mohammad Kus Yunanto Mohammad Taqiuddin Mohamad Mohd Kasturi Nor Abd Aziz Mohd Syahrin Mohd Syahrin Mokhamad Eldon Muh Syamsul Arifin Muh. Abduh Anwar Muh. Dzihab Aminudin S Muh. Ihsan Said Ahmad Muh. Rezky Naim Muh. Rezky Naim Muh. Safar Muhaimin Muhamad Akbar Muhamad Ammar Muhtadi Muhamad Ammar Muhtadi Muhamad Ammar Muhtadi Muhamad Ammar Muhtadi Muhamad Stiadi Muhamad Syafii Muhammad Abdul Ilah Muhammad Afief Mubayyin Muhammad Aga Sekamdo Muhammad Ammar Muhtadi Muhammad Arsyad Muhammad Faisal Muhammad Faqih Annshori Muhammad Furqon Muhammad Haridah Saputra Muhammad Ichsan Abda Muhammad Ihsan Dacholfany Muhammad Iqbal Muhammad Irfan Aditma Muhammad Irwan Muhammad Lucky Muhammad Rusdi Muhammad Sabir Muhammad Syafri Muhammad Syahrul Munir Muhammad Syaiful Muhammad Taswin MUHAMMAD YUSUF AR Muhammadong Muhammadong Muhdi Late Mukti Ali Mulyadi Mulyadi Munir Tubagus Munir Tubagus Muslahuddin As'ad Musran Munizu Mustofa Mustofa Mustopa Muthalib, Dzulfikri Azis Myra Cahyati Nadia Dwi Irmadiani Naf’an Torihoran Naiyun Untung Utama Najamuddin Petta Solong Najdah Thalib Najdah Thalib Nana Rolina Masloman Nana Suryapermana Nanang Qosim Nanang Yusroni Nanang Zakaria Nanda Hidayati Nanny Mayasari Narendra Jumadil Haikal Ramadhan Nasaruddin Nasaruddin Nashirotun Nisa Nurharjanti Nasruddin Nasruddin Natal Kristiono Navel Oktaviandy Mangelep Nekky Rahmiyati Nenden Hendayani Nenni Triana Sinaga Ngurah Pandji Mertha Agung Durya Ngurah Pandji Mertha Agung Durya Ni Desak Made Santi Diwyarthi Ni Luh Sri Suryaningsih Ni Nyoman Suarniki Ni Putu Suda Nurjani, Ni Putu Suda Nicko Albart Nicko Albart Niken Savitri Primasari Nina Triolita Nindy Puspitasari Ningsih, Nurul Hidayati Indra Ningsih, Sulistio Ningsih, Tri Widyastuti Nirwan Mulyatno Nisa Miftachurohmah Nofirman, Nofirman Noor Fazariah Handayani Nopianti, Rina Nova Erliyana Novianty Djafri Novianty Djafri Novidayanti M. Novira Fazri Nanda Ns. Naziyah Nun Arinal Haqqa El Mustafa Nuniek Yuniarti Ningsih Renggaala Nunut Asniar NUR AWWALUNNISA Nur Aziza Komalasari Nur Hakim Nur Hakim Nur Hikmah Huba Nur Khotijah Nur Kurniasari Nurbeti Nurbeti Nurchayati Nurchayati Nurdin I. Muhammad Nurhikmah Paddiyatu Nuridayanti Nuridayanti Nurjanna Ladjin Nurlaili Rahmi Nurlina Aris Nurnaningsih, Rita Nurul Aini Nurul Fadhilah Nurul Hasanah Nurul Saila Nurussama Nuryati Solapari Oggy Akmadani Okevanrianus Putra Hernat Okta Karneli Olyvia Rosalia Opan Arifudin Oskar Hutagaluh Otong Sulaeman PA Andiena Nindya Putri PA Andiena Nindya Putri Pandu Lesmana Paramita Andiani Pardin Lasaksi Parni Parni Pertiwi, Yuarini Wahyu Petrus Jacob Pattiasina Petrus Loo Pirmanta Sebayang Poetri AL-Viany Maqfirah Pramudi Harsono Pratama Dahlian Persadha Pratiwi Subianto Prihantini Prihantini Puji Wahyu Mulyani Pupung Purnamasari Purnamasari, Etika Purwidi Sumaryanto Purwinahyu Purwinahyu Purwoko, Purwoko Puspita, Kori Puspitarini, Erri Wahyu Puteri Aprilani Putra, Trimardi Jaya Putu Gede Subhaktiyasa Qubaila Fazrin Ega Soraya R. Nurhayati Rabith Madah Khulaili Harsya Rachmadi Indra Praja Rachmawati Novaria Raden Ayu Trisnayoni Radityo Kusumo Santoso Rafika Nisa Rahadiyan Surya Rahayu Retnaningsih Rahma Hayati Harahap Rahma Helal Al_ Jbour Rahman Tanjung Rahmat Joko Nugroho Rahmat Joko Nugroho Rahmat Joko Nugroho Rahmat Ramdhani Rahmat Shodiqin Rahmawati Dian Nurani Rahmi Setiawati RAHMI, ELVI Raihana Raihana Ralahallo, Fransiska Natalia Ram, St Wijdanah Ramadhani, Muhammad Ridho Ramdan Yusuf Ramli Semmawi Ramli, Kaharuddin Rani Eka Arini Rani Eka Arini Rani Noeraeni Rasmi Rasna Ratih Andaningsih Ratih Pratiwi Ratna Ayu Dewi Ratna Jaya Ratnawati Yuni Suryandari Ratnawita Ratnawita Raymond Wahyudi Refiana Yuliawati Reihan Putri Rendi Mark Sowaha Duha Rendro Laksmono Rendy Renaldy, S.H., M.Kn.,C.P.Li.,C.P.Arb.,C.P.M.,C.P.C. Rengga Yudha Santoso Rengga Yudha Santoso Renika Hasibuan Renny Lubis Rerin Maulinda Resma Bintani Gustaliza Restu Auliani Retnawati Siregar Retno Dewi Prisusanti Reza Ronaldo Reza, Heru Kreshna Rezky Nurbakti Rhisty Frida Utami Rian Ardianto Rian Mitasari Riani Prihatini Ishak Rianti Setyawasih Ribut Musprihadi Richa Fionasari Rida Ristiyana Rif'ah Shafwah Rifky Lana Rahardian Rika Lidyah Rika Nurhayati Rika Santina, S.H., M.H Riki Astafi Rina Destiana Rinda Riztya Rini Ariyanti Rini Fitrianingrum Rini Fitrianingrum Rini Fitrianingrum RINI HADIYATI Ris Akril Nurimansjah Risa Juliadilla Risman Saripudin Risqah Amaliah Kasman Rissa Megavitry Rita Hayati Rita Zulbetti Rival Pahrijal Rival Pahrijal Riyanti, Apriani Rizal R. Manullang Rizky Abdillah Robby Kurniawan Rollys Suriani Romadhon Rosa Fitriana Rosdiana Rosdiana Arief Tang Rosdiana Imroati Kurnia Tanjung Rosma Ndiak Rostini Rostini Rostini Rosyid Nurrohman Roy Setiawan Rudi Kurniawan Rudy Badrudin Rukimin Rukimin Rully Fildansyah Rully Fildansyah Runik Machfiroh Rusdi Rusdi Rusdi Rusdi Rusdianto Rusdianto Rusiadi Rustiyana, Rustiyana Rusydi Rusydi Ryketeng, Masdar S Pentanurbowo Saadah Erliani Sabalius Uhai Sabda Imanirubiarko Sabil Mokodenseho Safruddin Safruddin Safruddin Safruddin Sagira Sagira Sahrul Said Hamzali Saida Said Saida Said Salwa Aulia Novitasari Salwa Aulia Novitasari Salwa Aulia Novitasari Samalua Waoma Samsidar Samsu . G Samuel PD Anantadjaya Saparman Saparman Sapta Nur Fallah Saputri, Dwi Yuniasih Sari Mariahma Nova Sipayung Sari, Efti Novita Sarlota Singerin Sarpika Datumula Saryanto Saryanto Satya Arisena Hendrawan Sehan Rifky Sella Antesty Selly Swandari Selvia Junita Praja Selvita Meilansari Septiana Na'afi Septina Elida Sherly Etika Sari Shohib Muslim Shohib MUSLIM Silvia Ekasari Silvia Rahayu Silvia Rahayu Siminto Siminto Siminto Siminto Siminto Sisca Cletus Lamatokan SISKA APRIANTI, SRI HARTATY, INDRA SATRIAWAN Siska Armawati Sufa Siska Armawati Sufa Siska Dwi Yulianti Siska Yuli Anita Siska Yulia Defitri Siswahyudianto Siti Annisa Wahdiniawati Siti Chadijah Siti Indah Siti Madina Lantong Siti Maria Siti Masruroh Siti Nurhayati Siti Sumiati Siti Yayu Wattiheluw Siti Zuhroh Sitti Hasnah Sitti Rahmah Sitti Ramelan Chadidjah Sofia F Rahmani Solicha Solicha Solihin, Dadin Soni Suardi Sopyan Sopyan Sri Dewi Lisnawaty Sri Dewi Yusuf Sri Haryanto Sri Hermuningsih Sri Isfantin Puji Lestari Sri Mulyono Sri Nurhayati Sri Sumantri Sri Suryani Sri Widiastuti Suarni, Ertati Sudarmanto, Eko Sufri Mashuri Sugeng Karyadi Sugianto, Efendi Sugiarto Sugiarto Sugiharti Sugiharti Suhana Sarkawi Suharto Suharto Suhartono Suhartono Sukini Sukini Sukriyadi Sulaiman Sulaiman A Sulaiman Efendi Siregar Sulaiman Mansyur Sulaiman Sulaiman Sulfianty Sulistiani, Indah Sulistyo Andarmoyo Sulistyo Budi Utomo Sulistyowati, Nur Wahyuning Sumarni Sumarni Sunaeni Sunarmie Sunarmie Sunarmie Sunarto Supriandi Supriandi Supriandi Supriandi Supriandi Supriandi Suprihatin Suprihatin Suprihatin Supriyanto Suratman Suratman Suriadi Suriah Hanafi Suroso Suroso Suryani Sutarto Sutarto Sutono Sutono Suwandi, Prastika Tjeng Syaepudin Syaepudin Oe Syafaat Rudin Syafril Barus Syaiful Pakaya Syamsinar Syamsinar Syamsu Basiri Syamsu Rijal Syamsul Arifin Syamsuri Syamsuri Syarif Hidayatullah Syarif, Mohammad Syarifuddin Syarifuddin Syarifuddin Syarifuddin Syarifuddin Yusuf Syatria Adymas Pranajaya Syawal Aprian Syawal Zakaria T. Saiful Basri Tamrin Lanori Tania Prinita Aulia Mamonto Tanti Widia Nurdiani Tanti Widia Nurdiani Tasrip Tasrip Tati Handayani Tati Handayani Taufik Harahap Taufikin Taufikin Taufiqurokhman Taufiqurokhman Teddy Oswari Teguh Aprianto Teguh Wibowo Tehedi Tehedi Tengku Hasan Basri Tengku Ine Hendriana Tera Lesmana Tera Lesmana Teti Anggita Safitri, Teti Anggita Tharienna Dhesta Kusuma Dewi Thitus Gilaa Tia Tanjung Tindra Manangin Tirangga Ansori Tirta Yoga Titiek Rachmawati Titik Haryanti Titik Purwaningtyas Titik Purwati Titin Endrawati Titin Hartini Tomi Apra Santosa Tomi Apra Santosa Toto Heriyanto Tri Apriyono Trikoesoemaningtyas Trinandari Prasetya Nugrahanti Trinandari Prasetyo Nugrahanti Triyani Capeg Hadmandho Triyono, Bambang Triyugo Winarko Tungga Bhimadi Karyasa Tupan Tri M Tuti Hartati U. Yuyun Triastuti Ujang Suherman Ulfatun Wahidatun Nisa Ulin Naini Umar Kholil Umi Salawati Umi Setyorini Umi Zunaidah Unika Oktaviani Damau Untung Muhdiarta Upus Piatun Khodijah Urika Urip Sudiana Usman Tahir Usman Tahir Usmany, Paul Utomo, Jepri Vegitya Ramadhani Putri Vera Aryani Vierkury Metyopandi Vina Karina Putri Vivid Violin Wahab Wahab Wahyu Sri Atutik Wahyudin Rahman Wahyudin Wahyudin Wahyudin Wahyudin Wahyuni Istiqomah Adha Wahyuni Sri Astutik Walla Astianty Putri Wandi Sujatmiko Wawan Supriyanto Weda Febriyanto Weni Indah Doktri Agus Tapaningsih Wenny Desty Febrian Febrian Widya Armalia Widyatmike Gede Mulawarman Widyatmoko Widyatmoko Wigianto Budiawan Wijayanti, Indah Oktari Wilson Candra Teguh Pratama Wily Mohammad Winarto Ramlan Wira Pramana Putra Wirawati Abjan Wiwik Handayani Wulan, Dewi Putri Anjar Wulandari Wulandari Wulandari Yadi Suryadi Yahdinil Firda Nadirah Yahman Yahman Yahya Yahya Yamolala Zega Yamtana Yamtana Yana Priyana Yana Priyana Yance Manoppo Yendri Deswin Yenni Kurnia Gusti Yeti Rohayati Yocki Yuanti Yohanis Hukubun Yosep Heristyo Endro Baruno Yosep Heristyo Endro Baruno Yossy Dwi Erliana Yuarini Wahyu Pertiwi YUDI NUR SUPRIADI Yudithia Dian Putra Yuli Alam Yulistiyono, Agus Yumhi Yumhi Yunia Oktari Yunita Sopiana Yupiter Mendrofa Yusniar Yusniar Yusniar Yusniar Yusran Ilyas Yuswardi Yuswardi Yuyun Suprapto ZA, Saida Zainurossalamia Zainal Abidin Zainal Arifin Zainur Rafik Zami Furqon Zet Abdullah Zulfa Zainuddin Zulkifli Zulkifli Zulvia Trinova Zunan Setiawan