Risk Management in the Malaysian Build Operate Transfer Projects

In Malaysia, Public Private Partnership (PPP) is one of the tools to develop infrastructure. Although, there are various forms of PPP projects but Build Operate and Transfer (BOT) is commonly used in infrastructural projects. Despite, the benefits of adopting PPP, there are a few issues that require focus of the practitioners and researchers such as; risk management in PPP projects. Therefore, this study describes the process of risk management in Malaysian BOT Projects as this PPP arrangement is applied in infrastructure development. The study has employed the exploratory sequential research method to achieve the objective. The results of the study concludes that most of the extreme risks are allocated to SPV thus selection of SPV is crucial for BOT projects.

Apocalypse Now?

This paper explores the ongoing Covid-19 pandemic through the framework of existential risks – a class of extreme risks that threaten the entire future of humanity. In doing so, we tease out three lessons: (1) possible reasons underlying the limits and shortfalls of international law, international institutions and other actors which Covid-19 has revealed, and what they reveal about the resilience or fragility of institutional frameworks in the face of existential risks; (2) using Covid-19 to test and refine our prior ‘Boring Apocalypses’ model for understanding the interplay of hazards, vulnerabilities and exposures in facilitating a particular disaster, or magnifying its effects; and (3) to extrapolate some possible futures for existential risk scholarship and governance.

Bitcoin, VIX futures and CDS: a triangle for hedging the international equity portfolios

PurposeIn this paper, our aim is to estimate the time varying correlations between Bitcoin, VIX futures and CDS indexes and to examine in what ways these assets can act as beneficial hedge and safe haven mechanisms, useful for facing, or attenuating, the major world equity markets related risks and volatilities.Design/methodology/approachOur methodology consists to model each pair equity/asset indices by bivariate symmetric and asymmetric dynamic conditional models (A) DCC to evaluate the portfolio design associated implications on both daily and weekly collected data base, with regard to the period ranging from July, 2010 to January 2018. To assess the extent to which the Bitcoin, VIX futures and sovereign CDS may stand as diversifiers, i.e. as hedging or safe haven instruments against the various stock indexes, we adopt the same method applied by Baur and Lucey (2010).FindingsEmpirical results show that the hedging and safe haven roles associated with the three hedging instruments tend to differ noticeably across time horizons and model used. The interest brought about by treating this issue is twofold. On the one hand, it should provide useful guidelines to investors through helping them opt for the most effective and beneficial strategies, whereby they could efficiently hedge the equity markets related extreme risks and volatilities. On the other hand, it is intended to highlight the applied models' specifications associated impacts.Research limitations/implicationsThe interest brought about by treating this issue is twofold. On the one hand, it should provide useful guidelines to investors and financial advisors through helping them opt for the most effective and beneficial of the strategies, whereby they could efficiently hedge the equity markets related extreme risks and volatilities. On the other hand, it is intended to highlight the applied models' specifications associated impacts.Originality/valueStudy of Bitcoin can be considered as safe haven or hedge or diversifier instrument. Compare between Bitcoin, VIX and CDs.

ANALISIS RESIKO KESEHATAN DAN KESELAMATAN KERJA PADA PG. PESANTREN BARU MENGGUNAKAN METODE HAZOP

PG PESANTREN BARU is a company engaged in the manufacturing industry which began operating on July 19, 1978 with a capacity of 4,000 tons of sugar cane per day. Negligence in operating the machine in addition to causing disruption in the production process, can also endanger workers. The problem formula of this research is where it relates to the fundamental issues regarding Boiler stations, and how to minimize the risk of work accidents at Boiler stations using the HAZOP method, while the purpose of this study is to find hazard resources at Boiler stations, and minimize the use of work accidents at the Boiler station using the HAZOP method. The results of K3 research at the boiler station using the hazop method, have found 31 potential hazards which are then classified into 5 sources of hazards that have been identified at the boiler station. From the results of the risk assessment, there are 3 sources of danger that have extreme risks associated with the attitude of workers, floors, and kitchen boiler rooms, then 1 source of danger that has a higher risk on the stairs and 1 source of danger that has a risk of being exposed to oil spills . Keywords : Job Safety, Risk, HAZOP ( Hazard and Operability Study ) PG PESANTREN BARU merupakan sebuah perusahaan yang bergerak dalam bidang industri pembuatan gula yang mulai beroperasi pada tanggal 19 Juli 1978 dengan kapasitas giling 4.000 ton tebu perhari. Kelalaian dalam mengoperasikan mesin selain akan menyebabkan proses produksi terganggu, juga dapat membahayakan pekerja. Rumuan masalah penelitian ini adalah dimanakah letak resiko tertinggi sumber bahaya pada stasiun Boiler, dan bagaimana cara meminimalisir resiko terjadinya kecelakaan kerja pada stasiun Boiler dengan menggunakan metode HAZOP, Sedangkan tujuan dari penelitian ini adalah untuk mengetahui potensi sumber bahaya tertinggi pada stasiun Boiler, dan meminimalisir terjadinya kecelakaan kerja pada stasiun Boiler dengan menggunakan metode HAZOP. Hasil dari penelitian K3 di stasiun boiler menggunakan metode hazop, telah ditemukan 31 potensi bahaya yang kemudian digolongkan menjadi 5 sumber bahaya yang sudah teridentifikasi pada stasiun boiler. Dari hasil penilaian resiko, maka terdapat 3 sumber bahaya yang memiliki resiko ekstrem yang meliputi sikap pekerja, lantai, dan ruang dapur boiler, kemudian 1 sumber bahaya yang memiliki resiko tinggi terletak pada tangga dan 1 sumber bahaya yang memiliki resiko sedang yaitu pada tumpahan oli. Kata Kunci : Keselamatan Kerja, Resiko, HAZOP ( Hazard and Operability Study )