Ilomata International Journal of Social Science

Strategies for Municipal Bond Issuance in Financing Regional Development in the West Java Provincial Government 2023-2024 Case Study

Bondan Widyatmoko, Nurliah Nurdin, Edy Sutrisno — Thu, 14 Nov 2024 00:00:00 +0000

The need for infrastructure development in West Java Province during 2018-2023 is IDR 861.9 trillion, while the local budget (APBD) capacity is only IDR 54.9 trillion, so there is a gap in financing needs of IDR 807 trillion. The West Java Provincial Government can use municipal bonds as an alternative for regional development financing, but this opportunity has yet to be utilized. This study aims to analyze the obstacles to issuing municipal bonds in West Java Province and establish issuance strategies. The bond success theory, according to Hardwood (2000), and the municipal bond aspect theory, according to Djaenuri (2012), are used to answer the research question. The methodologies used involve qualitative study. Data was obtained through document reviews and interviews. The results revealed that the obstacles are the commitment of the governor, project selections, regulation of the minister of finance regarding procedures for issuing municipal bonds that have yet to be published, and the readiness of the DMU. The strategies that can be implemented are commitment, project selection, regulatory, and DMU preparation strategies.
Keywords: Municipal Bond, Infrastructure Financing, Creative Financing

K-Pop and Buying Behavior: A Study of Self-Regulation on Students' Purchase Intention in a K-Pop Era

Mon, 18 Nov 2024 02:31:33 +0000

Indonesia has now entered the era of globalization. The era of globalization is when each country's culture blends into a global culture. One of the popular cultures favored in Indonesia is Korean POP culture. The purpose of this study is to determine the relationship between self-regulation and purchase intention for products advertised by K-Pop artists among students. The population in this study consists of K-Pop fan students. The sample used in this research was 105 students. The sampling technique used was purposive sampling. There were two instruments used in this study. First, the Short Self-Regulation Scale (SSR), which consists of nine question items, developed by Tresnadiani and Taufik (2020). Second, a scale adapted from the product purchase intention scale for Honda products developed by Wicaksono (2015), which consists of eight question items. These two scales were distributed through various social media platforms to collect research data. After collecting the research data, the data were analyzed using parametric analysis, with hypothesis testing using the Spearman correlation test. Data analysis was conducted using SPSS version 26. The results of the Spearman correlation test showed a significance value in the Sig. (2-tailed) section of 0.002 (0.002 < 0.05), indicating that there is a relationship between self-regulation and purchase intention for products advertised by K-Pop artists. The Pearson correlation result was 0.302, meaning the strength of the relationship is considered weak. The weak relationship indicates that the products advertised by K-Pop idols do not always attract the purchasing interest of K-Pop fans to buy those products. Instead, there are other factors that can influence purchasing interest, such as product quality, packaging, and price.

Indonesia's Foreign Policy in Organizing G20 Presidency in 2022

Feby Diah Miranti, Akim, Irman G. Lanti — Wed, 11 Dec 2024 08:01:50 +0000

In 2022, Indonesia will have the opportunity for the G-20 Presidency under the leadership of President Joko Widodo. Judging from Indonesia's potential and the prospects of the G-20, this study will look at what kind of foreign policy Indonesia implements in organizing the G-20. Researchers use Rosenau's adaptive theory that foreign policy occurs due to changes in external, internal, and leadership of leaders in a particular country. The study uses qualitative methods with secondary sources from books, journals, official websites, and official documents. The research results from this article show that Indonesia's foreign policy in the G-20 Presidency is preservative Adaptation, meaning that the policy has been determined by external and internal changes and the leadership of the President at that time. External factors include the effects of COVID-19, climate change, and the Russia-Ukraine war. The internal factors are structural reform, digital transformation, and employment law policies. Finally, President Joko Widodo's leadership focuses on developing and improving the Indonesian economy.