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All Journal Journal of Studies in Academic, Humanities, Research, and Innovation International Journal of Education Management and Religion Jurnal Pengabdian Indonesia
Muhammad Rijal Alim Rahmat
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Religion Humanities Chemistry Economics, Econometrics & Finance Education Library & Information Science Mathematics Social Sciences Other

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PENINGKATAN DAYA SAING PRODUK UMKM MELALUI PELATIHAN FOTOGRAFI PRODUK UNTUK STRATEGI MARKETING KREATIF Muhammad Rijal Alim Rahmat; Anang Setiawan; A. Reski Almaida Dg Macenning
Jurnal Pengabdian Indonesia (JPI) Vol. 1 No. 1 (2025): Vol. 1 No. 1 Edisi Januari 2025
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/jpi.v1i1.720

Abstract

This community service activity aimed to enhance the competitiveness of SME products through product photography training as part of a creative marketing strategy. The training was conducted during the 63rd Anniversary Education Exhibition of Universitas Negeri Makassar, involving six types of SME products: iced coffee, creative bags, accessories, packaged food, passion fruit drinks, and grilled bread. Participants were equipped with basic photography techniques and hands-on practice. Survey results showed a significant increase in photography skills and participants’ understanding of the importance of visual presentation in digital promotion. The training proved effective in improving SMEs’ promotional capabilities and product appeal in the digital era.
MENGUATKAN PERAN GENERASI MUDA INDONESIA TIMUR UNTUK VISI INDONESIA EMAS 2045 MELALUI PENDEKATAN SUSTAINABLE MANAGEMENT Muhammad Rijal Alim Rahmat; Azlan Azhari; Abdul Rahman; Ridwan Andi Mattoliang; A. Reski Almaida Dg Macenningi
Jurnal Pengabdian Indonesia (JPI) Vol. 1 No. 2 (2025): Vol. 1 No. 2 Edisi Juli 2025
Publisher : PT. Jurnal Center Indonesia Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62567/jpi.v1i2.1569

Abstract

Program pengabdian kepada masyarakat ini bertujuan meningkatkan kesadaran generasi muda mengenai peran strategis Kawasan Indonesia Timur dalam pencapaian Visi Indonesia Emas 2045. Kegiatan ini mengintegrasikan kerangka RPJPN 2025–2045, tujuan pembangunan berkelanjutan (SDGs), serta prinsip‐prinsip sustainable management untuk mendorong aksi nyata berbasis potensi lokal. Kegiatan dilaksanakan pada 5 Oktober 2025 di Benteng Fort Rotterdam, Makassar, dalam rangka MACRO FEST 2025, dan melibatkan 72 peserta dari masyarakat umum. Rangkaian kegiatan mencakup paparan materi, diskusi interaktif, serta evaluasi pre–post yang terdiri dari 10 butir pengetahuan dan 5 butir sikap/niat berbasis skala Likert. Materi menyoroti potensi unggulan Indonesia Timur, seperti sektor perikanan di Maluku, pengembangan energi terbarukan di wilayah kepulauan (studi kasus Sumba), serta tata kelola berkelanjutan dalam hilirisasi nikel. Hasil awal secara deskriptif menunjukkan adanya peningkatan skor pengetahuan peserta serta penguatan niat untuk melakukan aksi konkret dalam 30–60 hari. Program ini direkomendasikan untuk direplikasi dengan penguatan mekanisme pendampingan tindak lanjut agar komitmen peserta dapat berkelanjutan.
Financial Sustainability of KCIC Whoosh in the Ramp-Up Phase: A Narrative Review Based on IDX and Global HSR Benchmarks Muhammad Rijal Alim Rahmat
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 2 No. 2 (2025): December 2025
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v2i2.920

Abstract

The Jakarta Bandung High-Speed Rail (HSR), branded as Whoosh, entered commercial service in October 2023 as Indonesia’s first high-speed line. As a capital-intensive megaproject financed predominantly by long-term debt and implemented through a binational consortium, Whoosh presents a salient test case for financial management in complex transport infrastructure. This narrative review synthesizes peer-reviewed literature, official financial reports, governmental communications, and credible industry sources from 2023 through June 2025 to appraise the project’s evolving financial health through four core indicators: Debt Service Coverage Ratio (DSCR), Cash Flow Available for Debt Service (CFADS), Farebox Recovery Ratio (FRR), and Operating Ratio. The paper integrates conceptual frameworks from project finance and public private partnership (PPP) practice with empirical insights from global HSR benchmarks (Japan, China, the EU, and selected international cases) to interpret Whoosh’s early operating performance and capital structure. We find that initial years are characterized by high leverage, debt service pressure, and operating deficits that keep DSCR below unity, consistent with international experience in new HSR corridors. Yet by 2025, operational EBITDA reportedly turns positive and FRR approaches the break-even threshold, while public policy instruments most notably cash deficiency support and ongoing debt restructuring are mobilized to stabilize liquidity and improve solvency. The review argues that long-run financial sustainability will depend on simultaneous progress in three domains: revenue optimization (dynamic pricing, intermodal integration, and non-fare income), disciplined operating efficiency (energy, maintenance, asset utilization), and liability management (tenor extension, interest-cost relief, and calibrated equity reinforcement). We conclude with managerial and policy recommendations for safeguarding DSCR trajectories, strengthening CFADS growth, and aligning social objectives with financial viability.
Abnormal Return And Stock Price Changes Before And After The "Trump Liberation Day" In Indonesia’s Footwear And Garment Subsectors: Evidence From BIMA, ERTX, And GJTL Muhammad Rijal Alim Rahmat
International Journal of Education Management and Religion Vol. 3 No. 2 (2026): July 2026
Publisher : Pondok pesantren As-salafiyah As-Safi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/ijemr.v3i2.1173

Abstract

International trade policy shifts often trigger a repricing of risk in equity markets, especially for export- and import-oriented industries. Daily event studies are commonly used to test short-run market reactions to well-defined events because they can extract abnormal returns (AR) from broad market dynamics using a simple yet reliable specification (e.g., the market model) (Brown & Warner, 1985; MacKinlay, 1997; Corrado, 1989). On 2 April 2025, the U.S. administration announced a tariff package widely referred to as “Liberation Day.” A universal 10% tariff became effective 5 April 2025 (12:01 a.m. EDT), followed by personalized reciprocal tariffs for major-deficit partners effective 9 April 2025 (12:01 a.m. EDT). For Indonesia, the measures are relevant for footwear and garment subsectors with U.S. export linkages. Around these dates, the Jakarta Composite Index suffered a sharp decline and a brief trading halt on 8 April 2025—an aggregate shock motivating robustness windows around 2/5/9 April to disentangle policy signals from turbulence. While policy briefs discuss macro implications, stock-market evidence for Indonesian issuers remains limited. We fill this gap by testing stock-price reactions for BIMA, ERTX, and GJTL across Short, Mid, and Long windows, and by complementing parametric tests with Corrado’s nonparametric rank test (Corrado, 1989). This study examines abnormal returns and stock price changes around the Trump “Liberation Day” for three Indonesian issuers—BIMA (footwear), ERTX (garment), and GJTL (tyre/rubber). We employ a daily event-study with the market model (OLS) across Short [−3,+3], Mid [−15,+15], and Long [−45,+45] horizons, plus robustness windows (t₀=5 and 9 April 2025) and the nonparametric Corrado rank test. Cross-issuer mean CARs are not statistically significant on all horizons for the main and robustness dates; combined Corrado tests are also insignificant. Issuer-level results show BIMA negative, ERTX positive in the long horizon, and GJTL near zero, suggesting no systematic aggregate abnormal performance during the examined period.
Resilient And Sustainable HR Systems: The Work-From-Anywhere (WFA)–Organizational Citizenship Behavior (OCB) Nexus In Indonesia’s Public Sector Andi Rahmawati; Muhammad Rijal Alim Rahmat
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1374

Abstract

The adoption of Work-From-Anywhere (WFA) arrangements in Indonesia’s public sector has generated important questions regarding their implications for Organizational Citizenship Behavior (OCB), which remains essential for public service effectiveness. This qualitative single-case study examines the relationship between WFA and OCB within a provincial development planning agency in South Sulawesi. Using the Framework Method, data were triangulated from role-segmented semi-structured interviews, non-participant observations of hybrid and online coordination meetings, and analysis of internal organizational documents. The findings indicate that WFA does not inherently diminish OCB. Instead, citizenship behaviors—particularly helping, courtesy, and conscientiousness—were sustained and, in some organizational units, strengthened when supported by three interrelated enablers: transparent visibility mechanisms, structured communication cadence, and fair allocation of WFA eligibility. Increased autonomy under WFA was frequently associated with enhanced self-discipline and discretionary effort, while trust-based leadership and perceptions of procedural justice reinforced employees’ willingness to contribute beyond formal role requirements. Conversely, unclear eligibility criteria, weak coordination routines, excessive administrative procedures, and uneven digital infrastructure were associated with reduced OCB signals and coordination challenges. The study concludes that the impact of WFA on OCB in the public sector is contingent upon organizational design and leadership practices rather than the flexibility policy itself. These findings offer practical guidance for human resource policy design in public administration and contribute to broader discussions on resilient and sustainable public-sector workforce systems.
Cryptocurrency And Environmental Sustainability: A Narrative Review From A Financial Management Perspective Muhammad Imam Taufik; Muhammad Rijal Alim Rahmat
Journal of Studies in Academic, Humanities, Research, and Innovation Vol. 3 No. 1 (2026): Vol 3 No 1 June 2026
Publisher : Ponpes As-Salafiyyah Asy-Syafi'iyyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71305/sahri.v3i1.1418

Abstract

: Bitcoin’s rise as a decentralized digital asset has been accompanied by serious concerns over its environmental impact. This paper examines Bitcoin’s energy consumption, carbon emissions, and environmental footprint from a financial management perspective, emphasizing the implications for ESG risk, capital allocation, and sustainability disclosure. Employing a structured literature review, this study synthesizes 2023–2024 research on Bitcoin’s environmental damages and evaluates technological and policy mitigation strategies. Findings show Bitcoin’s annual energy use exceeds 130–175 TWh, contributing to over 90 MtCO₂ emissions, with substantial reputational and financial risks for firms involved. Policy responses including bans, taxation, and mandatory disclosure are shaping the crypto ecosystem. From a financial standpoint, Bitcoin’s sustainability performance increasingly affects investment access, cost of capital, and long-term viability. This research urges financial managers to actively mitigate and disclose crypto-linked environmental risks. Building on these findings, the paper further highlights how Bitcoin-related environmental externalities are no longer peripheral issues but have become material financial risks that must be integrated into strategic decision-making. Institutional investors, lenders, and asset managers are increasingly incorporating climate-related metrics into portfolio evaluation, thereby intensifying scrutiny of crypto-exposed firms. The study also discusses how ESG-oriented regulations and global climate commitments amplify pressure on financial institutions to reassess their exposure to energy-intensive digital assets. Moreover, advances in renewable energy adoption, efficiency improvements in mining hardware, and shifts in consensus mechanisms are evaluated as partial mitigation pathways, though their financial feasibility remains uneven.
Co-Authors A. Reski Almaida Dg Macenningi Abdul Rahman Anang Setiawan Andi Rahmawati Azlan Azhari Muhammad Imam Taufik Ridwan Andi Mattoliang