Private Sector In Indonesia Research Articles

PEMBANGUNAN PLTMH RANTEBALLA DI KABUPATEN LUWUK, SULAWESI SELATAN SEBAGAI PROYEK PENGURANGAN EMISI RUMAH KACA,

Renewable energy fuelled power generations are not many developed by privatesector in Indonesia. The incentive provided by Indonesia government is not enough to encourage private sector to develop renewable energy fuelled power generation. Credit carbon as an additional revenue from Clean Development Mechanism is utilized in Ranteballa Hydro Power Plan development. This project contributes to reduce green effect gas generated in South Sulawesi grid system. This paper describes the calculation of emission reduction generated from the Ranteballa Hydro Power development, and also the evaluation regarding emission carbon produced in the recent five years. BPPT has a role of CDM facilitator in this project development, and has a collaboration with CDM in vestor, Chugoku Electric Power and the owner of the project PT Fajar Futura Energi Luwu. Key words : green house gasses, global warming, hydro power, emission factor, emissionreduction, electricity

Sustainability Framework: An Integration of the Equator Principles into Business Process

Indonesia as the largest archipelago in Southeast Asia has a strategic location for business and investment. After the economic crisis in 1998 and 2009, Indonesia could be passed it away until present. It can be seen by the increasing of growth domestic product. Currently, the Indonesian government began to encourage the public and private institution to achieve sustainable development and compete in globalization. However, there are a lot of challenges for the stakeholders to reach the goals.The strategy that has been done by the private sectors is implementing corporate social responsibilities (CSR) as company’s program. Keivani (2009) stated that CSR program by private sector could be supporting the government to achieve sustainable development. Since the concept of triple bottom line in CSR also exist in sustainable development component. The triple bottom lines by Keivani (2009) consist of: (i) People that associated on social justice, (ii) planet that associated on environmental quality, and (iii) profit which related with economic prosperity. Based on this concept, the private sector also has a duty in realizing sustainable development goals.In General, to complete the sustainable development goals is not only private company’s responsible or government, but it also dependable from all of development actors. The three development actors are government as policy makers, private sectors as capital models, and society as the vulnerable development objects. The communication abilities and having adequate knowledge are the most essential things for actors to have it.This paper discuss about how do the private sectors in Indonesia embrace the other stakeholders of development actors (which are government and community) to achieve sustainable development without ignoring their business objectives. By using the Equator Principles that focused on social and environmental management and sustainability framework by the International Finance Corporation, it expected to give some new approaches for the companies to protect their business process.

Fostering and enhancing the role of private sector

Purpose– The purpose of this paper is to examine the role of private sector in Indonesia to prevent and combat corruption practices. The eradication of corruption is not only the government’s problem which can be solved only by government regulations. The private sector should be involved in and be aware of these matters because of the huge interest of the business activities concerning national interest as well as their private interest to achieve highest profit.Design/methodology/approach– This paper explores the Indonesian laws on corruption eradication and analyzes the important role of the private sector that needs to be built.Findings– The role of private sector in the financial system can be viewed as a non-penal policy, which has a great impact as a prevention method to combat economic crimes such as corruption. A new perspective is needed to build, balance and integrate the role of the private sector. As a new perspective combating corruption, Indonesian Laws on Corruption Eradication is fostering the role of the private sector in promoting integrity and good corporate governance.Practical implications– The paper can be a source to explore the eradication of corruption based on Indonesian perspectives.Originality/value– This paper contributes by encouraging the private sector to prevent corruption and bribery practices, which, nowadays, are common in Indonesia.

Fraud awareness survey of private sector in Indonesia

Purpose – The purpose this study is to investigate the level of fraud awareness of the private sector in Indonesia, as well as steps that have been taken by corporations to detect or prevent fraud. Design/methodology/approach – This paper presents a descriptive survey. In total, 67 respondents returned the questionnaires, which can be considered suitable for a descriptive survey. Some descriptive (included percentages, means) and inferential statistics (mean differences test) are used to summarize and analyze the questionnaire results. Findings – It was found that majority of respondents agree that fraud is a major concern for businesses in Indonesia and that corporations have enough level of fraud awareness. Poor internal control and lack of ethical values are ranked as the most likely reasons why entities are being threatened by fraud, and a sound ethical policy and code of conduct is perceived as the most important fraud risk management process. Corporations have implemented several tools to detect or prevent fraud, such as internal audit and internal control. They also have a system in place for anonymous reporting of suspicions of fraud, corruption or misconduct. Originality/value – Private sector fraud awareness in emerging countries, especially in Indonesia, is still rarely examined in extant literature.

Economic Analysis of Cikaso Mini Hydro Power Plant as a CDM Project for Increasing IRR

Renewable energy fueled power generations are few developed by private sector in Indonesia. High-cost investment and low electricity selling price to PT PLN as a single buyer is main barriers for private sector to involve in the development of renewable energy fueled power generations. In this project, the economic feasibility of Mini Hydro Power Plant of Cikaso with capacity of 5.3 MW, located at Sukabumi Regency, West Java province was assessed. This project utilized revenue generated from carbon market to increase the economic feasibility. Procedure to register the project to United Nation for Climate Change Convention (UNFCCC) as a Clean Development Mechanism project was explained in detail. Approved Consolidation Methodology (ACM) 0002 Version 12.3.0 was used to calculate grid emission factor in Jawa-Bali-Madura the grid electricity system. It was calculated that the grid emission factor is 0.833 (t-CO2/MWh), and the carbon emission reduction generated for this project is 21,982 ton/year. From the analysis result, it can be proven that the additional revenue from carbon credit could increase the project IRR from 10.28% to 13.52%.

Islamic philanthropy and the private sector in Indonesia

This paper investigates the growing initiatives within the private sector to orga-<br />nize social welfare activities, and analyzes the way in which zakat (alms) is prac-<br />ticed among Muslim businessmen. The establishment of zakat agencies within<br />private companies has marked the latest trend of the practice of philanthropy in<br />Indonesia. Corporation-based zakat collectors have become new players in the<br />rapid growth of the Indonesia’s zakat sector in the past two decades. This paper<br />examines the following issues: what are the main forces stimulating corpora-<br />tions to set up zakat collectors; what kinds of religious ideas are applied to mo-<br />bilize charities from Muslim workers, and how these concepts are interpreted<br />and practiced within private companies? This paper argues that the inception of<br />a new concept in zakat practice, such as zakat on corporate wealth, has indi-<br />cated the dynamics process of Islamization of the private sector in Indonesia.<br />Tulisan ini meneliti inisiatif yang tumbuh dalam sektor swasta untuk mengatur<br />kegiatan kesejahteraan sosial, dan menganalisa cara di mana zakat (sedekah)<br />dipraktekkan di kalangan pengusaha Muslim. Pembentukan lembaga-lembaga<br />zakat dalam perusahaan swasta telah menandai tren terbaru dari praktek filantropi<br />di Indonesia. Perusahaan berbasis kolektor zakat telah menjadi pemain baru<br />dalam pertumbuhan yang cepat dari sektor zakat Indonesia dalam dua dekade<br />terakhir. Makalah ini membahas isu-isu berikut: apa kekuatan utama merangsang perusahaan untuk mendirikan kolektor zakat, apa jenis ide-ide keagamaan yang<br />diterapkan untuk memobilisasi amal dari para pekerja Muslim, dan bagaimana<br />konsep-konsep ini ditafsirkan dan dipraktekkan dalam perusahaan swasta? Makalah<br />ini berpendapat bahwa lahirnya konsep baru dalam praktek zakat, seperti zakat<br />pada kekayaan perusahaan, telah menunjukkan proses dinamika Islamisasi sektor<br />swasta di Indonesia.

Coupling Corporate Social Responsibility into Millennium Development Goals is a Mere Wishful Thinking?

The purpose of this study is to explore the opportunity of building the synergy between the government and private sector to accelerate the achievement of Millennium Development Goals (MDGs) through Corporate Social Responsibility (CSR). From the content analysis, the indicators of CSR from various CSR Guidelines have the same motives and goals with those of MDGs. This indicates that CSR can be harmonised with government programs to achieve the MDGs. The individual and external environment aspect has less significant effect; institutional aspect becomes the central of attention in this study. The harmonisation mechanism between government and private sector in Indonesia is formulated through focus group discussion. The development programs designed by Indonesian government should comply with the principles of German government in AP 2015. Other countries can benefit this study that has same goal to achieve MDGs in 2015.