scholarly journals THE IMPORTANCE OF INSTITUTIONAL INVESTORS DIVERSIFICATION IN THE DEVELOPMENT OF THE GOVERNMENT SECURITIES MARKET

MEST Journal ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 28-36
Author(s):  
Rodica Hincu ◽  
Ana Litocenco
Keyword(s):  
Institutional Investors ◽  
System Development ◽  
Securities Market ◽  
Complex Process ◽  
Domestic Savings ◽  
International Investors ◽  
The Republic ◽  
The Government ◽  
Domestic Banks ◽  
Market Infrastructure

The development of a government securities market is a complex process that is interrelated with the financial and market system development of each country. For many countries, this implies huge challenges that often are amplified by economic issues. For instance, some government securities markets rely on a few domestic banks for funding, which makes competition scarce, and transaction costs high. In addition to this, the lack of a sound market infrastructure may make specific actions to develop a government securities market premature and ineffective. At the same time, the insufficiency of institutional investors, low domestic savings rates, and lack of interest from international investors generate a small, highly homogeneous investor group, contrary to the diversity needed for an efficient market. Furthermore, economic instability, often accompanied by high fiscal deficits, rapid growth of the money supply, and a deteriorating exchange rate, weakens investor confidence and increases the risks associated with the development of a market for government securities. This article aims to describe the importance of a diversified investor base in developing a government securities market and to show the experience of the Republic of Moldova in this regard.

scholarly journals Implementation Fuzzy C-Means on Decision Support System BPNT (Bantuan Pangan Non-Tunai) Ministry of Social Affairs Indonesia

2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Aji Setiawan ◽  
Jordan Nur Akbar
Keyword(s):  
Information System ◽  
Decision Support ◽  
Decision Support System ◽  
Support System ◽  
System Development ◽  
Fuzzy C Means ◽  
Grouping Method ◽  
The Republic ◽  
The Government ◽  
Social Affairs

Decision Support System can be an alternative solution to determine the candidate's decision. Bantuan Pangan Non-Tunai (BPNT) are selected based on criteria determined by the Ministry of Social Affairs of the Republic of Indonesia. BPNT recipients are conducted by the government to help someone who is less able to meet their daily needs.  The occurrence of errors in determining the eligibility of prospective beneficiaries is a major problem, based on these problems there needs to be an information system that can provide a valid BPNT recommendation and one of which uses a grouping method with the Fuzzy C-Means (FCM) algorithm. System development using the waterfall method. The results of system implementation and testing showed that 90% of the system was following what was expected according to the results of the test with the system being built.

scholarly journals RANCANG BANGUN SISTEM INFORMASI MANAJEMEN SURAT BERBASIS WEB PADA KANTOR BPJS KETENAGAKERJAAN CABANG SUKABUMI

2020 ◽  
Vol 3 (1) ◽  
pp. 34
Author(s):  
Wafa Pamulasari ◽  
Nana Suryana
Keyword(s):  
Information Systems ◽  
System Development ◽  
Unified Modeling Language ◽  
Modeling Language ◽  
Government Agencies ◽  
Unified Modeling ◽  
Electronic Service ◽  
Long Time ◽  
The Republic ◽  
The Government

Abstract: Based on the regulation of the State Minister for Administrative Reform and Bureaucratic Reform of the Republic of Indonesia Number 6 of 2011 concerning General Guidelines for Electronic Service Manuscripts within government agencies, the government requires all government agencies to draw up their respective electronic service manuscripts (correspondence administration information systems) , which refers to the guidelines in the regulation. In the process of official script administration carried out by the BPJS Employment Branch of Sukabumi City is the disposition of correspondence. Disposition is one of the important information notification media for this government agency. The disposition problem that occurs at the BPJS Employment of the Sukabumi City branch is a disposition process that requires a long time. This study aims to make it easier for secretaries, branch heads, department heads, and BPJS Employment staff to see the disposition of letters and manage existing correspondence data. Design and Development of Disposition Information Systems This letter uses the Waterfall system development method with UML (Unified Modeling Language) Tools. From the results of this website-based letter disposition system research can assist in the management, storage and search of letter archives at the BPJS Employment Office of the Sukabumi City branch.Keywords: Information systems, letters, dispositionsAbstrak : Berdasarkan peraturan Menteri Negara Pendayagunaan Aparatur Negara dan Reformasi Birokrasi Republik Indonesia Nomor 6 Tahun 2011 tentang Pedoman Umum Tata Naskah Dinas Elektronik di lingkungan instansi pemerintah, pemerintah mewajibkan semua instansi pemerintahan untuk menyusun tata naskah dinas elektronik (sistem informasi administrasi persuratan) masing-masing, yang mengacu pada panduan dalam peraturan tersebut. Pada proses tata naskah dinas yang dilaksanakan oleh BPJS Ketenagakerjaan Cabang Kota Sukabumi ialah disposisi persuratan. Disposisi merupakan salah satu media pemberitahuan informasi yang penting bagi suatu instansi pemerintahan ini. Permasalahan disposisi yang terjadi pada BPJS Ketenagakerjaan cabang Kota Sukabumi adalah proses disposisi yang membutuhkan waktu yang lama. Penelitian ini bertujuan untuk memudahkan sekretaris, kepala cabang, kepala bidang, dan staf BPJS Ketenagakerjaan untuk melihat disposisi surat dan mengelola data persuratan yang ada. Rancang Bangun Sistem Informasi Disposisi Surat ini menggunakan metode pengembangan sistem Waterfall dengan Tools UML (Unified Modeling Language). Dari hasil penelitian sistem disposisi surat berbasis website ini dapat membantu dalam pengelolaan, penyimpanan serta pencarian arsip surat pada Kantor BPJS Ketenagakerjaan cabang Kota Sukabumi..Kata Kunci : Sistem Informasi, surat, disposisi

Development of the Government Securities Market in Kenya

2021 ◽  
pp. 381-423
Author(s):  
Leonard Thotho ◽  
Caroline Wanjiku ◽  
Daniel Amanja
Keyword(s):  
Capital Markets ◽  
Yield Curve ◽  
New Products ◽  
Secondary Market ◽  
Securities Market ◽  
Trading System ◽  
Over The Counter ◽  
The Government ◽  
Market Infrastructure ◽  
Over Time

This chapter evaluates developments in the domestic government securities market in Kenya during the period 1966 to 2016, a 50-year period since the Central Bank of Kenya was established. The chapter traces the evolution of Kenya’s government securities market starting with the legal and regulatory framework, evolution of the issuance policy, developments in both the primary and secondary market for government securities over time and some of the milestones achieved during the period under review. Among the key milestones include development of a reliable domestic financing programme for the government, development of benchmark bonds and a government securities yield curve, development of market infrastructure, and diversification of products in the market such as infrastructure bonds. Kenya plans to further deepen her government securities and capital markets, through launch of new products, modernization of trading system and establishment of over-the-counter market for government securities.

scholarly journals OBRAMBNA STRATEGIJA V HIERARHIJI STRATEŠkIH DOkUMENTOV S PODROČJA NACIONALNE VARNOSTI REPUBLIkE SLOVENIJE

2012 ◽  
pp. 35-55
Author(s):  
PAVEL VUK ◽  
SAŠO NACEVSKI ◽  
RENATA VERTOVŠEK
Keyword(s):  
National Security ◽  
System Development ◽  
Security System ◽  
Social Phenomena ◽  
Security Environment ◽  
Defence Strategy ◽  
The Republic ◽  
The Government ◽  
Defence Strategies

Aktualna Obrambna strategija, ki jo je sprejela Vlada Republike Slovenije decembra 2001, je bila izdelana pred več kot desetletjem. Od takrat se je svet zelo spremenil. Dinamika in kompleksnost sodobnih varnostnih razmer sta v sodobnem svetu bistveno bolj prežeti z nepredvidljivostjo, izzivi in problemi, s katerimi se spopada današnji svet, od gospodarske krize prek podnebnih sprememb do boja proti terorizmu, pa so v medsebojni soodvisnosti in zahtevajo celovito razumevanje družbenih pojavov in procesov. Spremembe v mednarodnem varnostnem okolju pomembno vplivajo tudi na vsebino in dinamiko razvoja nacionalnovarnostnega sistema Republike Slovenije in znotraj njega tudi njenega obrambnega sistema. V tem kontekstu je v prispevku posebna pozornost namenjena razumevanju sodobnih obrambnih strategij, mestu in vlogi Obrambne strategije Republike Slovenije v naci- onalnovarnostnem sistemu ter njenemu razmerju do hierarhično višjih in nižjih stra- teških dokumentov s področja nacionalne varnosti Republike Slovenije. The current Defence Strategy adopted by the Government of the Republic of Slovenia in December 2001, was drafted over a decade ago. However, the world has changed significantly since then. The dynamics and complexity of the modern security situation have become much more unpredictable, while the challenges and problems encountered by today’s world, i.e. the economic crisis, climate changes, counterter- rorism etc., are interdependent and demand a comprehensive understanding of social phenomena and processes. The changes in the international security environment have an important impact on the contents and dynamics of the national security system development in the Republic of Slovenia including its defence system. With this in mind, the article devotes special attention to the understanding of modern defence strategies, the place and the role of Defence Strategy of the Republic of Slovenia in the national security system and its relation to hierarchically superior and inferior strategic documents regulating the national security system of the Republic of Slovenia.

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

Recommendations of The Ombudsman’s Dilemma: Between Law Enforcement Officials and Protection of Credibility

2018 ◽  
Vol 2 ◽  
pp. 1-12
Author(s):  
Dyah Adriantini Sintha Dewi
Keyword(s):  
Law Enforcement ◽  
Public Service ◽  
Public Services ◽  
Point Of View ◽  
Law Enforcement Officials ◽  
Muslim Majority ◽  
The Republic ◽  
The Government ◽  
The One ◽  
Oversight Body

The Ombudsman as an external oversight body for official performance, in Fikih Siyasah (constitutionality in Islam) is included in the supervision stipulated in legislation (al-musahabah al-qomariyah). Supervision is done so that public service delivery to the community is in accordance with the rights of the community. This is done because in carrying out its duties, officials are very likely to conduct mal administration, which is bad public services that cause harm to the community. The Ombudsman is an institution authorized to resolve the mal administration issue, in which one of its products is by issuing a recommendation. Although Law No. 37 of 2018 on the Ombudsman of the Republic of Indonesia states that the recommendation is mandatory, theombudsman's recommendations have not been implemented. This is due to differences in point of view, ie on the one hand in the context of law enforcement, but on the other hand the implementation of the recommendation is considered as a means of opening the disgrace of officials. Recommendations are the last alternative of Ombudsman's efforts to resolve the mal administration case, given that a win-win solution is the goal, then mediation becomes the main effort. This is in accordance with the condition of the Muslim majority of Indonesian nation and prioritizes deliberation in resolving dispute. Therefore, it is necessary to educate the community and officials related to the implementation of the Ombudsman's recommendations in order to provide good public services for the community, which is the obligation of the government.

A Call for Public Participation in the Treaty-making Process in South Africa: What can South Africa Learn from the Kingdom of Thailand?

2020 ◽  
Vol 53 (1) ◽  
Author(s):  
Retselisitsoe Phooko
Keyword(s):  
South Africa ◽  
Human Rights ◽  
Public Participation ◽  
International Treaty ◽  
Legal Implications ◽  
Future Situation ◽  
Rules Of Procedure ◽  
The Republic ◽  
The Government ◽  
Personal Jurisdiction

On 2 August 2002 South Africa signed the Southern African Development Community (SADC) Protocol on Tribunal and the Rules of Procedure Thereof, thus effectively recognising and accepting the jurisdiction of the SADC Tribunal. Among the cases received by the SADC Tribunal was a complaint involving allegations of human rights violations by the government of Zimbabwe. It ruled that the government of Zimbabwe had violated human rights. Consequently, Zimbabwe mounted a politico-legal challenge against the existence of the Tribunal. This resulted in the review of the role and functions of the Tribunal in 2011 which resulted in the Tribunal being barred from receiving new cases or proceeding with the cases that were already before it. Furthermore, on 18 August 2014, the SADC Summit adopted and signed the 2014 Protocol on the Tribunal in the SADC which disturbingly limits personal jurisdiction by denying individual access to the envisaged Tribunal, thus reducing it to an inter-state judicial forum. This article critically looks at the decision of 18 August 2014, specifically the legal implications of the Republic of South Africa’s signing of the 2014 Protocol outside the permissible procedure contained in article 37 of the SADC Protocol on the Tribunal. It proposes that South Africa should correct this democratic deficit by introducing public participation in treaty-making processes in order to prevent a future situation where the executive unilaterally withdraws from an international treaty that is meant to protect human rights at a regional level. To achieve this, this article makes a comparative study between South Africa and the Kingdom of Thailand to learn of any best practices from the latter.

GOVERNMENT RESPONSIBILITY TO PROTECT PEOPLE’S RIGHTS OVER THE CLEAN WATER

2017 ◽  
Vol 1 (1) ◽  
pp. 38
Author(s):  
Muhammad Nadzir
Keyword(s):  
Water Management ◽  
Human Life ◽  
The State ◽  
Responsibility To Protect ◽  
Clean Water ◽  
State Control ◽  
Government Responsibility ◽  
The Republic ◽  
The Government

Water plays a very important role in supporting human life and other living beings as goods that meet public needs. Water is one of the declared goods controlled by the state as mentioned in the constitution of the republic of Indonesia. The state control over water indicated that water management can bring justice and prosperity for all Indonesian people. However, in fact, water currently becomes a product commercialized by individuals and corporations. It raised a question on how the government responsibility to protect the people's right to clean water. This study found that in normative context, the government had been responsible in protecting the people’s right over the clean water. However, in practical context, it found that the government had not fully protected people's right over clean water. The government still interpreted the state control over water in the form of creating policies, establishing a set of regulations, conducting management, and also supervision.

Land Reform in Zimbabwe: a Balance of Political Expediency and Economic Inevitability?

2020 ◽  
pp. 14-29
Author(s):  
Lyubov Prokopenko
Keyword(s):  
Land Reform ◽  
Union Leader ◽  
Political Crisis ◽  
The Political ◽  
African Region ◽  
Political Aspect ◽  
National Union ◽  
Reform Program ◽  
The Republic ◽  
The Government

The article considers the political aspect of land reform in the Republic of Zimbabwe. The problem of land reform has been one of the crucial ones in the history of this African country, which celebrated 40 years of independence on April 18, 2020. In recent decades, it has been constantly in the spotlight of political and electoral processes. The land issue was one of the key points of the political program from the very beginning of Robert Mugabe’s reign in 1980. The political aspect of land reform began to manifest itself clearly with the growth of the opposition movement in the late 1990s. In 2000–2002 the country implemented the Fast Track Land Reform Program (FTLRP), the essence of which was the compulsory acquisition of land from white owners without compensation. The expropriation of white farmers’ lands in the 2000s led to a serious reconfiguration of land ownership, which helped to maintain in power the ruling party, the African National Union of Zimbabwe – Patriotic Front (ZANU – PF). The government was carrying out its land reform in the context of a sharp confrontation with the opposition, especially with the Party for the Movement for Democratic Change (MDC), led by trade union leader Morgan Tsvangirai. The land issue was on the agenda of all the election campaigns (including the elections in July 2018); this fact denotes its politicization, hence the timeliness of this article. The economic and political crisis in Zimbabwe in the 2000–2010s was the most noticeable phenomenon in the South African region. The analysis of foreign and domestic sources allows us to conclude that the accelerated land reform served as one of its main triggers. The practical steps of the new Zimbabwean president, Mr. Emmerson Mnangagwa, indicate that he is aware of the importance of resolving land reform-related issues for further economic recovery. At the beginning of March 2020, the government adopted new regulations defining the conditions for compensation to farmers. On April 18, 2020, speaking on the occasion of the 40th anniversary of the independence of Zimbabwe, Mr. E. Mnangagwa stated that the land reform program remains the cornerstone of the country’s independence and sovereignty.

K.H. Abdul Halim dan Gagasan Pendidikan Ekonomi Berbasis Pesantren

2018 ◽  
Vol 15 (1) ◽  
pp. 177
Author(s):  
Asep Saefullah
Keyword(s):  
Educational Institutions ◽  
Religious Organization ◽  
Education Economics ◽  
West Java ◽  
Political Activist ◽  
National Hero ◽  
Younger Generation ◽  
The Republic ◽  
The Government ◽  
Economics And Politics

This paper discusses the biography of K.H. Abdul Halim, a cleric, educator, political activist, a national hero, who was born in Jatiwangi, Majalengka, West Java on June 26, 1887 and died on May 7, 1962, in a peaceful and quiet place, Santi Asromo, Majalengka. The title of the National Hero from the Government of Indonesia was granted on the basis of his important roles in education, economics and politics. Among his legacy are the religious educational institutions, namely Santi Asromo Pesantren, the religious organization of the Islamic Ummah Union (PUI), and several books such as the Kitab Petunjuk bagi Sekalian Manusia (Manual for Man), Ekonomi dan Koperasi dalam Islam (Economics and Cooperative in Islam), dan Ketetapan Pengajaran di Sekolah Ibtidaiyah Persyarikatan Ulama (The Teaching Decrees at Ibtidaiyah Persyarikatan Ulama School). His biography is a manifestation of appreciation for his services and works, his struggle and his devotion to science and people, as well as his role and contribution in building the nation of Indonesia with noble character and dignity. Another milestone of his is the value of the struggle and at the same time his Islamic scholarship can be an example for the younger generation in particular and for anyone who aspires to build a nation of Indonesia which is based on the Belief in One God, fair and civilized, united in the context of the Republic of Indonesia (NKRI). Keywords: Kiai, Education, Pesantren, Majalengka, West Java Tulisan ini mengangkat biografi K.H. Abdul Halim dan gagasannya tentang pendidikan ekonomi di pesantren. Ia memiliki nama kecil Otong Syatori, dikenal sebagai ulama pejuang, pendidik, dan aktivis politik. Ia dilahirkan di Desa Ciborelang, Kecamatan Jatiwangi, Majalengka, Jawa Barat, pada 26 Juni 1887, dan wafat dalam usia 75 tahun pada 7 Mei 1962, di Santi Asromo, Majalengka. Ia mendapat gelar Pahlawan Nasional dari Pemerintah RI tahun 2008. Perjuangannya meliputi pendidikan, ekonomi, dan politik. Adapun metode yang digunakan dalam tulisan ini adalah deskriptif-analitis dengan perspektif historis. Adapun fokusnya, selain biog¬rafi singkat K.H. Abdul Halim, juga tentang konsep pendidikan eko¬no¬mi berbasis pesantren. Dari hasil pembahasan ditemukan bahwa ia telah melakukan pembaharuan di bidang pendidikan agama dan sekaligus memberikan keterampilan kewirausahaan bagi santri dan lulusannya. Awalnya gagasan tersebut berasal dari konsep pembaharuannya yang disebut Iṣlāḥ as-Ṡamāniyyah, yaitu: perbaikan akidah, ibadah, pendidikan, keluarga, kebiasaan (adat), masyarakat, ekonomi, dan hubungan umat dan tolong-menolong. Di bidang pendidikan, ia memadukan sistem pesantren dengan sistem sekolah, ilmu-ilmu agama dengan ilmu-ilmu umum, serta memberkali para santrinya dengan berbagai keterampilan tangan dan keahlian teknik. Di bidang ekonomi, disebutnya dengan Iṣlāḥ al-Iqtiṣād, untuk menanggulangi ketimpangan ekonomi di masyarakat, yaitu dengan menanamkan kesadaran kepada kaum muslimin agar berusaha memperbai¬ki dan meningkatkan kehidupan ekonominya dan berjuang secara bersama-sama melalui wadah koperasi. Kata kunci: Abdul Halim, Santi Asromo, pendidikan ekonomi, Iṣlāḥ as-Ṡamāniyyah, Iṣlāḥ al-Iqtiṣād

Sign in / Sign up

Export Citation Format

Share Document