Granita Ramadhani Layungasri - Academia.edu (original) (raw)

Uploads

Papers by Granita Ramadhani Layungasri

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

Social Science Research Network, 2010

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector. The new regulation meant to attract foreign investment and recover Indonesia position against the neighboring rival country. This leads to the following questions: (i) why Malaysian PSC could be more investor-friendly than Indonesian PSC; and (ii) how the new regulation on Cost Recovery make Indonesian PSC more competitive against Malaysia PSC? The research will employs comparative legal study in Indonesian and Malaysian legislatives with emphasize on Indonesian new Cost Recovery regulation draft. The ruling is supposedly to be enacted in the end 2 of June 2010. Literature review will strongly supports the research as secondary sources along with other relevant sources.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

Social Science Research Network, 2010

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector. The new regulation meant to attract foreign investment and recover Indonesia position against the neighboring rival country. This leads to the following questions: (i) why Malaysian PSC could be more investor-friendly than Indonesian PSC; and (ii) how the new regulation on Cost Recovery make Indonesian PSC more competitive against Malaysia PSC? The research will employs comparative legal study in Indonesian and Malaysian legislatives with emphasize on Indonesian new Cost Recovery regulation draft. The ruling is supposedly to be enacted in the end 2 of June 2010. Literature review will strongly supports the research as secondary sources along with other relevant sources.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.

Research paper thumbnail of Challenges for Sustainability Index: Is Being ‘Green’ Economically Viable for Indonesian Mining Companies?

SSRN Electronic Journal, 2000

ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yaya... more ABSTRACT Starting June 2009, Indonesia Stock Exchange in cooperation with environmental NGO, Yayasan KEHATI, formed a sustainability index named SRI-KEHATI. The Index is based on Sustainable and Responsible Investment’s standard of assessment. SRI-KEHATI enlisted only companies that being considered gave excellent performance both in stock market and sustainable development. Sustainable index itself has been recognized as a reliable benchmark for the Sustainable and Responsible Investment worldwide. However, SRI-KEHATI has brought up controversy as it enlisted three mining companies on its index; PT Aneka Tambang Tbk, PT Timah Tbk, and PT Bukit Asam Tbk. This research is questioned whether any economically viable for the mining companies could be gained in stock market by being enlisted on sustainability index. This paper shall introduce the implementation sustainability index and up bring the examination of the benefits of being listed on the sustainability index vis a vis the market capitalization of the mining companies. The objective of the paper is to find any influence of the sustainability index to the mining companies’ position in stock market along with the increasing of the companies’ corporate social and environmental responsibility. Some economy tools will be used to examine the profitability of the three mining companies before and after being enlisted on SRI-KEHATI index. Interview with each company’s corporate secretary also being conducted in Indonesian language to extract the company’s own perspective on the issue itself.

Research paper thumbnail of Why is it Important for Regulating Reclamation on Indonesian Artisanal Mining to Address Sustainability Development?

SSRN Electronic Journal, 2000

ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of en... more ABSTRACT Artisanal mining in Indonesia has been accused as one of the most disastrous cause of environmental destruction. The recently enacted Indonesian Mining Act No. 4 Year 2009 has provided some clauses that obliged the ASMs to follows some procedures on reclamation. Also, the draft of the relevant implementing regulation has specifically determined some articles regarding of that post-mining activities. Although the government had conducted some actions to discipline the artisanal mining long before 2009, some of these actions were not favorable for the miners’ sustainability itself. This paper shall upbring the problems caused and suffered by the ASM based on their account and their dillematic positions. Nevertheless, its importance to regulated reclamation on artisanal mining to support sustainability development on the artisanal mining itself. The implementing laws and its subordinate rulings on this issue has not yet being issued until the paper is submitted. Statutes approach and literature reviews are conducted as the methodology of the research.

Research paper thumbnail of Comparative Study of Indonesian PSC and Malaysian PSC: Challenges and Solution

SSRN Electronic Journal, 2000

Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) si... more Malaysia is one of the many countries that adopted Indonesian's Product Sharing Contract (PSC) since its second formulation. However, both countries had developed their own version of PSCs according to each State's interest within the last thirty decades. These recent years, Indonesian fiscal regime tends to be less investor-friendly than Malaysia. As a result, Malaysia leads in front Indonesia on attracting foreign investment flooding into its oil and gas sector in the last few decades. The most recent case was happened when only five blocks taken by investors from sixteen blocks that were being auctioned by Indonesian government in 2009. Indonesian government took this issue to restructure the Cost Recovery Regulation on Oil and Gas sector.