...Trade relation between Australia and Indonesia International trade is the exchange of goods and services between countries. The countries that are in the scope now are Australia and Indonesia. There are many advantages to international trade but countries must choose which goods or services to produce for export and which goods should it import. To be able to answer the question which good should country produce or import the concept of comparative advantage comes in hand. A country is said to have a comparative advantage in production of a good if it can produce better at a lower opportunity cost than another country. In the article above Australia are willing to form relationships and trade with Indonesia, due to the advantage of their economy. There are an estimated 15,000 Indonesian studying in Australia where they provide 500 million to the Australian economy. Furthermore Indonesia is a country with beautiful beaches and favourable climate has a comparative advantage output of tourist service. Indonesia receives about 1million tourist just from Australians. The international economics part of the course was used to analyze this course. The Australians gain low price vacation at a low price than the domestic one “It’s a cheap and easy option. A lot of people my age have gone [to Bali], or talk about going,” he said while the Australian issue 400 full scholarships to the Indonesian postgraduate to complete their masters. The two country benefits from each other. The...
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...be very good in order to expand our restaurant to a world wide level. In order to success, everything in our restaurant must be best of the best. First, our food must be very good, satisfy the demand or desire of the customer. Customer service is the second, the satisfaction of the customer is very important to us. The feedback the the customer is far more powerful then the advertising of ours. A positive feedback will lead more customer to our restaurant. Some customer are enjoying the services that you provide, not the food you serve. LOCATION for the restaurant further development As mentioned, we planed to expand our restaurant business to the world wide. We have decided the country that we plan to develop. There will be China, Indonesia (Jakarta) and Thailand. These three country are part of...
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...I in English, and ‘saya’ in Jakarta. The price of foods and drinks at Sepa Island were also surprised me, since they set the price much higher than in Jakarta. For example would be, the price of fried potatoes that I ordered for pleasure on my free time cost seventy one thousand and five hundred rupiah, which is three-times more expensive than the fried potatoes that I ordered in Jakarta. From my experience in Sepa, I realized, that as emotionally, it’s really hard to overcome the ‘language barrier’, and to adapt to the culture that is in Sepa. In addition, it’s also hard for me to just stay there, even for two days and one night, due to the unfamiliar surrounding that is just too overwhelming. Even though Sepa and Jakarta are in Indonesia, both can really make a huge difference on what’s...
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...collective strategy towards the war on terror. Australian security policy has been further developed following the international response after the events of September 11, 2001. The implementation of anti-terror laws provided Australian Security Agencies with extra powers need to investigate and detain those who threaten Australia, its people or interests. These Security Agencies experienced substantial budget increases to further develop capabilities in the fight against terrorism. Regional stability throughout South East Asia provides a challenge for Australian foreign security policy. Australia’s geographical proximity to Southeast means Australia has an invested interest in maintaining stability through strong ties with states such as Indonesia. This essay will critically state how the US and South East Asia have shaped Australian security with an international response against terrorism. Over the past 60 years Australia and the US have formed an alliance to combat those who pose threat to global security. The alliance was constitutionally formalized in 1951 with the signing of the ANZUS Treaty (US Department of State, 2011). The signing of the treaty binds Australia and the United States to consult on mutual threats and act upon common dangers. The agreement was drawn into effect for the first time with a global response against the terrorist actions of September 11. Australia and the US have shared military and intelligence capabilities with the invasion into Afghanistan...
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...MASTERPLAN ACCELERATION AND EXPANSION OF INDONESIA ECONOMIC DEVELOPMENT 2011-2025 R EPUBLIC OF I ND ON ES IA Doc. Wijaya Karya Masterplan for Acceleration and Expansion of Indonesia Economic Development © Copyright Coordinating Ministry For Economic Affairs, Republic of Indonesia Published by Editor Design by : Coordinating Ministry For Economic Affairs : Deputy Minister for Coordinating Infrastructure and Regional Development, Coordinating Ministry For Economic Affairs : IndoPacific Edelman First Published 2011 All Rights Reserved Coordinating Ministry For Economic Affairs, Republic of Indonesia Masterplan for Acceleration and Expansion of Indonesia Economic Development Jakarta: Coordinating Ministry For Economic Affairs, 2011 212 pages; 28 x 30 cm ISBN 978-979-3754-14-7 Masterplan aCCeleratIOn anD eXpansIOn OF InDOnesIa eCOnOMIC DeVelOpMent 2011-2025 Coordinating Ministry For Economic Affairs Republic of Indonesia 6 Masterplan P3EI Abstract Doc. Astra Otoparts Doc. Wijaya Karya Doc. Wijaya Karya Table of Contents Preface from The President of Republic of Indonesia Abstract Historical Breakthrough in the Making of MP3EI 1. The Self-Sufficient, Advanced, Just, and Prosperous Indonesia A. Preface B. Acceleration and Expansion of Indonesia Economic Development C. Indonesia’s Position Within The Regional and Global Dynamics D. Indonesia’s Potential and Challenges E. Acceleration of Economic Transformation - A New Way of Working...
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...TOURIST ATTRACTIONS AND ACTIVITIES The attractions of Padang Teratak Wetlands, Beaufort are: Forest The forest there is taken care and managed by Sabah Forestry Department. Sabah Forestry Department plays an important role in planning, managing and enforcing forestry laws and practices with respect to wetlands. One of the functions of Sabah Forestry Department forest is to preserve and conserve the flora that is available there. Tourist can view and appreciate nature’s beauty of the flora while walking through the walkway in the forest. Sabah Agricultural Department together with Sabah Tourism Board can work together to develop and manage the crops of the area such as oil palm, that has been attempted in some wetland areas. Monkeys (Orang Utan) Ministry of Tourism Development, Environment, Science and Technology acts as an umbrella for the above departments in managing the protected areas of tourism and wildlife. The Ministry of Tourism together with Sabah Tourism Board makes sure that this site is taken care of and that this species is taken care by the appropriate department. Under the Ministry the Sabah Wildlife Department carries out the management and protection of wildlife habitat. This department can work together with World Wide Fund (WWF) Malaysia, to protect this species. River Cruise (Boat Ride) Sabah parks under the ministry and Sabah Tourism Board manages and protects this natural area of this site, which includes the riverine and coastal areas....
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...News Summary #4 Region: Asia " Australia says no Indonesia refugee swap deal"- November 12, 2013- Channel News Asia Australia said on Tuesday it was in discussions with Indonesia on how to deal with asylum-seekers intercepted at sea between the countries, but no people "swap" deals were in place. The situation arose last week when Australia rescued some 60 asylum-seekers from a stricken vessel inside Indonesia's search and rescue zone and Jakarta refused to take them back, instead they were taken to the Australian territory of Christmas Island, and now face resettlement in Papua New Guinea or the Pacific state of Nauru. Initially, the refugee swap deal had called for Canberra to take thousands of registered refugees for resettlement in exchange for the Southeast Asian nation accepting hundreds who arrived in Australia by boat. The plan was left hanging, and since then, the Australian government have sent back refugee boats to Indonesia, a policy which infuriated Indonesia. " More than 5,000 flee erupting Indonesian volcano"- November 12, 2013- Channel News Asia More than 5,000 people have fled their homes in western Indonesia in recent days following a series of violent volcanic eruptions, an official said Tuesday. Mount Sinabung on the north of Sumatra island has been hurling out red-hot ash, rocks and torrents of glowing lava up to seven kilometres into the air since the start of the month. Villagers from the nearby Karo district are being evacuated as the volcano, which...
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...KJKS BMT Creative Economy: A Proposed Model of Islamic Cooperation for Agrotourism Development Based on Community Nur Azizah, Galishia Putry, Abdullah Syafi’ie1 1Islamic Economics Study Program, Faculty of Economics and Management, Bogor Agricultural University Bogor 16680, Indonesia Email: nz.noorazizah@gmail.com, gals.shia@gmail.com, kangsyafiie.abdullah@gmail.com Abstract—Located in a strategic geographical position, Indonesia has natural beauty and biodiversity which varied, such as mountains, oceans, beautiful beaches, endemics animals and plants such as komodo, cendrawasih, and spices. Most of Indonesia's natural characterize in agriculture. Meanwhile, tourism is an industry that does not require big investment in the long run before giving return. It means that Indonesia has a huge potential to develop agrotourism which is part of the creative economy and community based, as one of the biggest contributors to the economic development of the country. However, Indonesia still hampered by a variety of factors including the institutional factor. The most appropriate institution which is considered to develop community based agrotourism is Islamic Financial Service Cooperation Baitul Maal wa Tamwil (KJKS BMT). By collecting a variety of creative economy industry in the form of farmers, craftsmen, transportation, hotels, culinary, and performing arts are a part of a agrotourism community, KJKS BMT can help these industries in managing their business. This paper use a...
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...The Customary Malay laws are an important source used in studying the system of governance, the administrative system and the structure of the traditional Malay society. These customary Malay laws also gives an insight into the world view of the traditional Malays. From the proverbs “to pound in the mortar”, “to cook in the pot”, we know that the Malays are particular about the need to do things appropriately. And from “On the land where our feet are planted, above is the sky that we pledge our loyalty to; the place of our abode, is the custom we abide by”, we can deduce that the Malays are a people who can and are adept at adjusting to the situation and to the changes over time. Sir Stamford Raffles was the first person to grasp the importance of studying the customary Malay laws. While he was in Penang, Raffles started to collect copies of the manuscripts of the Malay laws. He rejected the view that the Malays do not have laws. On the contrary, he stated that each and every Malay state had their own laws. In his letter to Lord Minto, he had asked Lord Minto to require that all the Malay state/government furnish their own set of laws (Lady Raffles, 1835:100). In the meantime, he busied himself studying the Malay laws. As a result, a working paper was presented at a convention of the Bengal Royal Asiatic Society. The working paper was titled “on the Malay Nation, with a translation of its Maritime Institutions” and was published in the Asiatic Researches (Volume 12, 1818). ...
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...I. Introduction I was born and raised in Jakarta, Indonesia which located in West Java. Indonesia has more than 17,000 islands, and it’s the largest archipelago in the world. Each island has different cultures and languages. Regardless of all the diversity and an overwhelming size, the heart and soul of Indonesia can be represented by two islands, Java and Bali. This includes Indonesia's capital city of Jakarta. Balinese culture is one of the most outstanding aspects of Indonesia. Even though Bali and Jakarta are located in the same country, the cultures are significantly different from each other. The majority of Balinese cultures are based on their religion which is Hinduism. Therefore, Balinese have kept most of their traditional culture for centuries. On the other hand, Jakarta is a metropolis city and a lot more diverse and westernized compare to Bali. Some of the most outstanding features of Balinese culture include ceremonies of marriage, birth and death, holidays, social customs, unique time concepts, meaning of colors, ethical values, verbal and non-verbal communications. This paper will explore a more detailed overview of Balinese culture compare to the westernized culture of Jakarta. II. Balinese Culture compared to Jakarta Bali’s island is located just south of the equator and east of Java. Bali consists of active volcanoes, tropical rain forests and is surrounded by a variety of beautiful beaches. This island has turned out to be a popular tourist attraction...
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...Task 2 Indonesia is a country that is known for its land mass and its natural resources. Indonesia is also the 4th most populated country in the world. Indonesia consists of a population of approximately a quarter billion people spread across 17500 islands. The Indonesian archipelago has been known to be somewhat a main trading hub ever since the 7th century. After gaining its independence post World War II, the country’s economy has suffered badly, especially during the Asian financial crisis of 97-98. Indonesia’s exports came up to about USD 187 billion in the year 2012. The major export commodities comprises of oil and gas, electrical appliances, plywood, rubber and textiles. The major exporting partners of Indonesia are China (14%), Japan (12%), United States (9.5%) and India (8%). Other minor exporting partners include Singapore, Malaysia and South Korea (Chamber International, ND). Source: Bloomberg As can be seen from the graph above, the Indonesian Rupiah (IDR) is depreciating gradually against the Chinese Yuan (CNY) for the past 3 years. If we were to take a look on a half yearly basis, in the first half of 2011, the IDR was appreciating against the CNY. This could be due to high foreign investments worth USD 20 billion coming in to the country. Moreover, exports from the previous year also contributed to this appreciation by reaching a high of USD 203.62 billion which surpassed the official target of USD 200 billion (Wibisono, 2012). High foreign investments...
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...Dzhalil Atakeev Finance 190 Professor Shlyakhov 10/21/2013 Asian Currency Crisis The Asian Currency Crisis started in Thailand. The crisis just reflected structural and policy misinterpretation of the Asian region. Fundamental imbalances triggered the currency and financial crisis in 1997, due to crisis markets overreaction and herding caused the plunge of exchange rates, asset prices and economic conditions. Everything started from Thailand, before 1997 the economy grew was very high in Thailand, it was averaging 9% per year. The rate between USD and Baht was $25 per 1 baht. The 1997 was crucial for Thailand because massive speculators attacked Thai baht. The spark on Asian crisis was when prime minister of Thailand announced that he would not devalue the baht, and government just couldn’t defend baht, which was fixed to several currencies, one of the dominant components was USD. The decrease in economy of Thailand cause massive layoffs in finance, real estate, and construction that resulted many people to return their villages and countries. The Thailand baht was devaluating and by 1998 it reached lowest value of 58 baht over 1 USD. Without any support from foreign reserves Thai government had to float the baht, so that way baht was set on currency market. Since baht was pegged to other currencies crisis spread to another Asian countries. By 2001, Thailand's economy had recovered. The increasing tax revenues allowed the country to balance its budget and repay its debts...
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...OPIM101: Management Science Case Study 1 Content Page Introduction / Executive Summary This is just a summary of your entire report. Case Overview Introduction to the case. You can talk about the issues the company is facing. Why LP Model? Talk about how LP Model is related to this case. Recommendations What do you recommend for the company to do? Formulation Decisions That Need To Be Made What decisions to you need to make exactly? Decision Variables What are the decision variables? Define them. Overall Objective What does the company want? You include the objective function here Constraints What constraints does the company have? List out each constraint individually, before stating the constraint functions. Summary of the LP Model Basically just summarise the objective function and constraints functions into one chunk here. Solution You can include the excel spreadsheet and reports in the appendix instead of the main report if you want. Spreadsheet Model Excel spreadsheet with all the formulas stated. Optimal Solution Include the values for the variables. Answer Report Sensitivity Report Reports Analysis This part is probably the most important part of the entire report. Analyse the reports. Some questions for you to think about: ...
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...Indonesia—Asia’s Stumbling Giant Indonesia is a vast country. Its 220 million people are spread out over some 17,000 islands that span an arc 3,200 miles long from Sumatra in the west to Irian Jaya in the east. It is the world’s most populous Mus- lim nation—some 85 percent of the population count themselves as Muslims—but also one of the most eth- nically diverse. More than 500 languages are spoken in the country, and separatists are active in a number of provinces. For 30 years the strong arm of President Suharto held this sprawling nation together. Suharto was a virtual dictator who was backed by the military establishment. Under his rule, the Indonesian econ- omy grew steadily, but there was a cost. Suharto bru- tally repressed internal dissent. He was also famous for Market Potential Index (MPI) is a yearly study con- ducted by the Michigan State University Center for International Business Education and Research (MSU- CIBER) to compare emerging markets on a variety of dimensions. Provide a description of the indicators used in the index. Which of the indicators would have greater importance for a company that markets laptop computers? Considering the MPI rankings, which de- veloping countries would you advise such a company to enter first? “crony capitalism,” using his command of the political system to favor the business enterprises of his support- ers and family. In the end, Suharto was overtaken by massive debts that Indonesia had accumulated during the 1990s. In...
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...Singapore As Singapore is a founding member of ASEAN, they joined ASEAN in August 8, 1964. Singapore was located the islands between Malaysia and Indonesia in South East Asia. Furthermore, Singapore has no land boundaries with other countries. The capital city of Singapore was also Singapore as one state, one city. Nowadays, Prime Minister Lee Hsien Loong governs Singapore as Head of Government. However, Singapore used the Singalish as main language and they also use English, Malay, Mandarin, and Tamil. Moreover, they used their currency as Singapore Dollar (S$). The figure of Singapore's Land and Map Source: http://www.wordtravels.com/Travelguide/Countries/Singapore/Map Land Area The total area of Singapore is 647.5 sq. km. According to research, Singapore used 12% for roads, 15% for housing and 73% for others as Singapore's Land Area Usage in 2014. The diagram of Singapore land area usage in 2014 Source: 3s1ihc1transport.wiki.hci.edu.sg Political System Singapore is a republic with a parliamentary system of government. The city-state and former British colony adopted the Westminster model after it gained independence on 9 August 1965. There are three branches of the Government of Singapore: Executive, Legislative and the Judiciary. Population The total population in Singapore was last recorded at 5.5 million people in 2014 from 1.7 million in 1960. The chart of Singapore population is as follow; Source: http://www.tradingeconomics.com/singapore/population ...
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