FEB

Kategori: faculty

  • Inviting Two Speakers, FEB UNS Akrima Unit Optimizes the Role of Students Activity Units

    Inviting Two Speakers, FEB UNS Akrima Unit Optimizes the Role of Students Activity Units

    The Academic, Research, and Student Affairs (Akrima) Unit, Faculty of Economics and Business (FEB) Universitas Sebelas Maret (UNS) held a meeting entitled ‘University Key Performance Indicators (IKU) Achievement Strategy for the Student Affairs Sector through the Student Activity Units (UKM) Role Optimization in MBKM Learning,’ Friday, October 22, 2021, at Hotel Sahid Jaya, Solo.

    The activity was attended by the Administrators of Student Organizations (Ormawa), Student Activity Units (UKM), ORMAWA Supervisors, and the Academic Support Staff for Student Affairs. Two speakers were invited to the event, namely Susanto, S.Si., DEA., Director of Academic Reputation and Student Affairs UNS, and Dr. Alim Setiawan, S. STP, M.Si., Director of Student Development of IPB.

    At the beginning of his presentation, Dr. Sutanto divides UNS students into two groups: the students who have not participated in Ormawa or UKM and students who have participated in ORMAWA or UKM. “Based on the data from SIPSmart and SIMKATMAWA, students with numerous achievements or championships victory, and those who are active in various students activities such as participating in conferences and other activities, are students who have active participation in ORMAWA or UKM organization. I strongly recommend that students join the existing ORMAWA or UKM or propose new student activity units. We will be ready to facilitate students’ needs,” he said.

    Besides joining student associations and organizations, students can also explore their interests and create other innovations. “At UNS, there is still not many organization engaged in IT even though students love digital technology. You can establish an IT community and other communities, submit the proposal to us,” Dr. Sutanto said.

    Furthermore, related to the MBKM Program, Dr. Sutanto categorized the program into 2 (two) clusters, namely the Reasoning and Interest-Based, whereas each cluster has its designated PIC. Reasoning cluster includes research, professional internships, student exchanges, teaching assistance, and Thematic Community Service Program. Meanwhile, Interests-based clusters include entrepreneurship, humanitarian projects, independent projects, and national defense.

    Dr. Sutanto invites students to join one of the MBKM programs under the 9 (nine) categories provided by UNS, which includes national defense. “Thus, for the Merdeka Belajar program, which one is interesting for you? Do you want to participate in teaching assistance, a village development program, or something else? Mr. Nadiem is simple after you graduate, you cannot just rely on your learning experience in the study program to start a company or work properly. You need multi-disciplinary skills because the world has changed. So start walking there now, toward the nine “ponds” (read: programs) provided by UNS. Start from now, map your skills, your desire to be competent can be covered in this program, all of them,” he said.

    Dr. Sutanto gave an example of how students can carry out MBKM activities, for instance, establishing the Indonesian Generation School, relocating flood-prone areas (a program by FEB UNS students), helping to eradicate malnutrition (UNS student community service in Brebes), assisting the establishment of irrigation system for the agricultural land community, pests eradication assistance, and many other beneficial activities for the community, which can also be recognized under the MBKM program.

    Meanwhile, the second speaker, Dr. Alim Setiawan, S. STP, M.Si., the Director of Student Development of IPB University, explained curriculum innovation, the tips, and strategies for achieving IKU at the Bogor Agricultural University (IPB). (Humas FEB)

  • Management Study Program Invited Prof. Franco Fiordelisi in Visiting Lecture’ Financial Management, Recent Issues in Finance’

    Management Study Program Invited Prof. Franco Fiordelisi in Visiting Lecture’ Financial Management, Recent Issues in Finance’

    The Management Study Program, Faculty of Economics and Business (FEB) Universitas Sebelas Maret (UNS) Surakarta invited another well-known professor in a series of visiting lectures for the 2021 Program Kompetisi Kampus Merdeka (PKKM). This time around, the Management Study Program invited Prof. Franco Fiordelisi, a professor in finance and banking from the University of Rome III, Italy. Prof. Fiordelisi also serves as the President of the Financial Intermediation Network of European Studies (FINEST).

    At the virtual guest lecture conducted through the Zoom Cloud Meeting on Tuesday (12/10/2021), Prof. Fiordelisi delivered material on financial management, specifically in risk management. At the beginning of his material presentation, Prof. Fiordelisi explained the definition of risk management in the banking sector, which includes two types of risk, interest risk and credit risk. He further explains the difference between risk and uncertainty, which is often considered to have the same meaning. In this case, according to Prof. Fiordelisi, there is little difference between risk and uncertainty.

    “Risk is a future condition with a measurable probability of occurrence, while in uncertainty, this possibility is unlimited or incalculable,” said Prof. Fiordelisi.

    After the brief explanation of risk and uncertainty, Prof. Fiordelisi explains the general definition of risk management as a logical process to reduce the possibility of loss. In between his presentation, Prof. Fiordelisi asked the participants about today’s biggest risks faced by the banking sector. The session provided an opportunity for students to interact directly with Prof. Fiordelisi.

    Afterward, Prof. Fiordelisi explains the stages/steps in risk management and interest rate risk. “Interest rate risk occurs due to a mismatch in value between assets (maturity) and profits,” explained Prof. Fiordelisi.

    Regarding interest rate risk, there are two effects of interest rates changes, the first effect changes in the market value of assets/debt as a direct effect of interest rates fluctuation. The second is the changes in the number of financial assets/debt as an indirect effect of interest rate movements.

    Reporter: Aulia

    Editor: Humas FEB

  • Entrepreneurship Startup Training for FEB UNS Students

    Entrepreneurship Startup Training for FEB UNS Students

    Students of the Faculty of Economics and Business (FEB UNS), who are divided into two classes, are participated in a hybrid Entrepreneurship Startup Training. The on-site training was conducted in two classrooms, room no 2202 and 2203 FEB UNS, while the online sessions are available through a Zoom Cloud Meeting, Thursday (14/10/2021).

    Prof. Asri Laksmi Riani, M.Si., as the Chairman of the Entrepreneurship Laboratory (KWU Lab), in her report, states that the training is part of the training series organized by KWU Lab. “The Entrepreneurship training will last until mid-November 2021. The training began with the recruitment of Entrepreneurship trainers from FEB lecturers, which were selected from each study program. The recruitment is followed by Training of Trainer (TOT) that invites several speakers, preparation of modules, training implementation, preparation of business proposals, presentations, mentoring and evaluation,” said Prof. Asri.

    Further, Prof. Asri said that the training involves 18 FEB UNS lecturers as training instructors, 8 Academic Support Staff, and 29 students. Out of the 29 students who took the training, 24 students joined the on-site session, and five others are joining through an online meeting platform. Students are divided into six groups within three business sectors, namely fashion, culinary, and craft.

    The main objective of this activity is the achievement of UNS’ Main Performance Indicator (IKU), which specifies the number of students who start new businesses. Hence, this training is likely to be a pilot project for the upcoming training.

    In line with Prof. Asri, the Vice Dean of Academic, Research and Student Affairs, FEB UNS, Prof. Dr. Izza Mafruhah, SE, M.Si. in her speech states that a higher education institution has eight tasks within the IKU accomplishment, which includes graduates with decent jobs, entrepreneurship initiative, or further studies. Entrepreneurship is one of the schemes under the Merdeka Belajar Kampus Merdeka (MBKM) Program to prepare students with an entrepreneurial spirit.

    Prof. Izza hopes that the training facilitated by FEB UNS can be beneficial and creating added value for the students. The benefit should not be limited to the Certificates of Diploma Companion (SKPI) that will be given to all participants but also the knowledge and the strategies or tricks in entrepreneurship. To develop entrepreneurship, students need to collaborate with students from other faculties in order to get better results.

    Meanwhile, Drs. Rohman Agus Pratomo, the Head of Academic and Student Affairs Bureau in UNS, appreciates the entrepreneurship training conducted by FEB UNS through a hybrid system. With this training, students are expected to compete at the university level as well as at the national level.

    “With an early start in entrepreneurship activities, in the following year, students can participate in competitions at the university, and also the national level. Business planning prepared (by the students) was cool, can be implemented and developed. After the students are graduated, they can become entrepreneurs, so they will create jobs and employment and are not looking for jobs. Therefore, they can recruit their friends, neighbors, and many others. It will also certainly contribute to their alma mater university achievement,” he concluded. (Humas FEB)

  • After 41 Years of Service, Prof. JJS Dedicates His Expertise in Macroeconomics and Development Economics

    After 41 Years of Service, Prof. JJS Dedicates His Expertise in Macroeconomics and Development Economics

    The Dean and all of the Faculty of Economics and Binis (FEB) Universitas Sebelas Maret (UNS) academic members expressed their highest gratitude and appreciation to Prof. Dr. Julius Jhonny Sarungu, MS or commonly known as Prof. JJS, for his contributions and devotion during his service at FEB UNS. “We hope Prof. JJS to stay healthy even after retirement, continues his craft, and stay happy with his beloved family.”

    Dean of FEB UNS Thanked Prof. JJS

    The statement was delivered by the Dean of FEB UNS, Prof. Drs. Djoko Suhardjanto., M.Com. (Hons), Ph.D. Ak. at the hybrid “Webinar of Scientific Oration Award for Professor Retirement.” The on-site event was held in FEB UNS Assembly Room IV, while the online event is available through Zoom Cloud Meeting, Wednesday, September 29, 2021.

    Prof. Djoko said that, since being appointed as a Civil Servant in 1980, Prof. JJS, has done extraordinary service for UNS for the last 41 years.

    “The special characteristic of him who was born in Makale, Tana Toraja, South Sulawesi, July 11, 1959, is his black jacket, and always having a cup coffee or warm tea with him during lecture. Prof. JJS is a disciplined, friendly, and patient lecturer. According to his students, this professor in black jackets always appreciates the opinions of students in teaching. His speech and improvisation while teaching help students to understand the teaching material easily. When supervising students’ final assignment, he patiently explains the theory and the flow of writing,” he explained.

    Prof. JJS is graduated from Universitas Kristen Satya Wacana Salatiga in the field of economic studies in 1977. He earned his Master’s Degree at the University of Indonesia in Population and Employment studies in 1991. He completed his Doctoral study in 2001, and receiving his Ph.D. in Economics studies from Universitas Airlangga Surabaya.

    Welcoming Prof. JJS at FEB UNS

    As one of the founding fathers of the Faculty of Economics, especially in the Development Economics Study Program, Prof. JJS has served as Secretary of the Department of Development Economics, Vice Director of Academic Affairs for the Master Program in Management, and Secretary II of the Doctoral Program in Economic Studies, UNS Postgraduate School.

    Prof. JJS is an inspiring person to his juniors. He has made numerous contributions to the development of science, dozens of textbooks and articles published in reputable international journals, accredited National Journals, and proceedings. His work demonstrates expertise in macroeconomics and development economics. He is also active in scientific organizations, including the Indonesian Bachelor of Economics Association and the Member of The Australian Development Studies Network (ANU), Australia. (Humas FEB).

  • The Chairman of OJK, Rector of UNS, and Dean of FEB UNS Inaugurated Al-Latief Mosque FEB UNS

    The Chairman of OJK, Rector of UNS, and Dean of FEB UNS Inaugurated Al-Latief Mosque FEB UNS

    The Chairman of the Board of Commissioners (DK) of the Financial Services Authority (OJK) of the Republic of Indonesia, Prof. Wimboh Santoso, the Rector of Universitas Sebelas Maret (UNS) Surakarta, Prof. Jamal Wiwoho, and the Dean of the Faculty of Economics and Business (FEB) UNS, Prof. Djoko Suhardjanto signed an inscription to mark the inauguration of Al-Latief Mosque FEB UNS, Friday (1/10/2021).

    The inauguration ceremony by Prof. Jamal, Prof. Wimboh, and Prof. Djoko (left to right)

    During the inauguration of the new Mosque, Prof. Wimboh, Prof. Jamal, and Prof. Djoko also did the ribbon-cutting ceremony symbolizing the readiness Al-Latief Mosque as a special place of worship and other supporting activities to improve the quality of worship and also the community welfare.

    The Dean of FEB UNS, in his report, states that the Al-Latief Mosque was previously a prayer room (mushola). A critical renovation of the building is essential to provide a more comfortable prayer.

    The Dean also thanked Bank Mandiri, Bank BRI, Bank BNI, and OJK for providing assistance in the Al-Latief Mosque renovation. Thus, establishing a comfortable praying site for worshipers in carrying out prayer and other activities.

    “The design of our Mosque follows the philosophy of sharia, tarekat (order), hakikat (nature), and makrifat (knowledge). The pillars are ‘gilig (round in shape)’ as a symbol of ‘manembah kepada Gusti‘ (worshiping the God almighty),” he said.

    Prof. Wimboh delivers inauguration speech

    The Dean has also appointed a young lecturer from FEB UNS, Ibrahim Fatwa Wijaya, Ph.D., as the Takmir (manager) of the Al-Latief Mosque to maintain the Mosque further. The new Takmir is expected to transform the Mosque into a center of excellence. Prof. Djoko also wishes for more religious activities in the Mosque such as Islamic economic studies and Islamic history for the greater benefit of the community and contribute to UNS achievement.

    Similarly, Prof. Wimboh emphasized that a mosque is not only a worship place but also a center for knowledge development, which can be beneficial to the community. There must be studies, innovations in the development of Shariah values.

    “Alhamdulillah, the Al-Latief Mosque, which was previously a mushola, is now better, more comfortable, and beneficial for both of FEB academic community and the general community. The Al-Latief Mosque can be a center of excellence. Not only for prayer, not only to worship but to establish synergy in raising innovation for sharia values,” said Prof. Wimboh.

    Reviewing the Mosque architecture and facilities

    According to Prof. Wimboh, the significance of sharia and Islamic studies is mainly because the majority of the Indonesian population is Muslim. Therefore, increasing the percentage of community members who wish to enjoy Islamic banking products.

    “The potential for Sharia banking is still very small, with only 9 percent. Now, how can we increase that portion? Shariah products must be propagated. The community sharia assets must also be propagated. Mosque administrators should set in discussions regarding the innovations on how to develop the Mosque,” said Prof. Wimboh.

    After the inauguration, Prof. Wimboh, Prof. Jamal, and Prof. Djoko, alongside a number of invited guests, were reviewing the architecture and facilities at Al-Latief Feb UNS Mosque. (Humas FEB)

  • PDIE FEB UNS Hosted the Third Colloquium on Business Economics

    PDIE FEB UNS Hosted the Third Colloquium on Business Economics

    The Doctoral Program in Economics (PDIE), Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), held the 3rd International Seminar and Colloquium on Business Economics (ICBE), taking on the theme of “Rethinking Innovation and Research in Small and Medium Enterprises Under High Uncertainty,” October 4-5, 2021. The international seminar and colloquium was held in collaboration with four partner universities, namely, Universitas Garut, STIE Widya Gama Lumajang, Universitas Tidar, and Universitas Slamet Riyadi (UNISRI).

    During the event attended by more than 100 participants and 43 presenters, The Director of PDIE FEB UNS, Prof. Rahmawati, expressed her gratitude to the partner universities for supporting the 3rd ICBE 2021. Prof. Rahma also wishes for the colloquium to help and facilitate PDIE students in their research article publication process, which becomes one of the graduation requirements. Furthermore, Prof. Rahma hopes that the colloquium can help and facilitate PDIE students in their research article publication process as one of the graduation requirements.

    Meanwhile, Prof. Izza Mafruhah, the FEB UNS Vice Dean for Academic, Research, and Student Affairs, representing the Dean of the Faculty of Economics and Business, thanked the four speakers for attending the international colloquium.

    “This event aims to improve the competency of the Doctoral program students to publish their research articles at national and international levels, as well as to improve the reputation of the PDIE UNS in the publication aspects,” said Prof. Izza.

    The ICBE 2021 consists of two sessions: the plenary session, where the participants will listen to the material presentation and keynote speech from speakers, and parallel sessions, where the presenter participants will present their submitted research articles that have gone through the selection process.

    This year ICBE 2021 invited four international speakers, namely, Prof. Indah Susilowati from Diponegoro University, Dr. Kwabena G. Boakye from Georgia Southern University, Prof. Budy Resosudarmo from the Australian National University, and Prof. Benny Tjahjono from Coventry University.

    On the first day of the colloquium, the participants join the plenary session with two speakers, Prof. Indah Susilowati and Dr. Kwabena G. Boakye. In her keynote speech, Prof. Indah delivered material entitled ‘Rethinking Innovation and Research in Small and Medium Enterprises under High Uncertainty.’

    Prof. Indah explained how the Covid-19 pandemic had affected economic conditions. For the MSME sector, there are several obstacles arise, such as decreased capital and customers, as well as a decrease in the goods’ price. However, Prof. Indah revealed that the Indonesian government has been quite proactive in economic recovery efforts.

    “With collaboration and cooperation, we will be able to deal with this pandemic. Economic recovery will certainly take time to be applied successfully,” said Prof. Indah.

    After the Keynote Speech, Dr. Kwabena G. Boakye presented material entitled ‘Small and Medium Enterprises from Crisis to Growth,’ where he states that the contribution of the MSME sector to economic conditions is quite significant.

    “In this case, the government can support the existence of MSMEs through financial training, encouraging research progress, and provide sector-specific assistance,” he explained.

    During the plenary session, participants were given the opportunity to submit questions interactively to the invited speaker. After the plenary session, participants are invited to join s specific parallel session according to their research interest.

    Reporter: Aulia

    Editor: Humas FEB

  • BPUF FEB UNS Provides Managerial Training for Sharia Cooperative Manager in Solo

    BPUF FEB UNS Provides Managerial Training for Sharia Cooperative Manager in Solo

    A number of the managers in Koperasi Simpan Pinjam dan Pembiayaan Syariah (Sharia Savings and Loans Cooperative-KSPPS) Solo participated in a managerial training organized by the Business Management Agency of the Faculty of Economics and Business (BPUF), Universitas Sebelas Maret (UNS), Saturday, September 25 at the Amrani Hotel Solo.

    The Head of BPUF FEB UNS, Dr. Ahmad Ikhwan Setiawan, SE, MT., in his statements, reveals that the training aims to introduce the significance of fintech implementation to support various cooperative business operations. According to him, fintech implementation in KSPPS Surakarta is still limited, and most of the daily operations activities are still carried out manually, which leads to limited market coverage. This condition is in contrast with the MSMEs spirit in Solo, which encourages online business. Therefore, such asymmetry needs to be addressed immediately to allow KSPPS Surakarta to have a significant role in business and economic growth in Solo.

    Additionally, KSPPS is also expected to synergize with the existing financial institutions to increase product innovation and funding. “Cooperatives need to conduct fintech technology assessments to observe various fintech initiatives that are suitable for cooperatives. Afterward, cooperatives need to internalize and socialize the fintech benefits to avoid employees’ resistance. Selecting the right fintech partners is also crucial to find the most capable and efficient financial technology. Periodical monitoring and evaluation on fintech application is carried out to understand its impact on the cooperatives’ performance,” he explained.

    Dr. Ikhwan added that there are many advantages of fintech implementation in KSPPS Surakarta. Cooperatives that adopt fintech are more capable of demonstrating an excellent service quality to achieve customers’ or members’ satisfaction. Fintech adoption in cooperatives can enhance its’ brand image as a trusted cooperative due to its capabilities to adopt technological advances.

    Fintech adoption can expand a cooperative’s market share, reaching out to more depositors and borrowers, expanding to various cities or even across various regions. Fintech allows communication between depositors and borrowers to be more timely, thus various lending and borrowing decisions can be executed quickly. (Humas FEB)

  • Managerial Simulation Practices Guest Lecture Discuss The Prospects of Property Business and Thematic Tourism Development

    Managerial Simulation Practices Guest Lecture Discuss The Prospects of Property Business and Thematic Tourism Development

    Discussion on property business will never end because the need for housing is steadily increasing. The main problem revolves around location selection and community purchasing power.

    Property business is a long-term business. The economic value for property assets keeps on increasing, never decreased, it is very resistant to inflation. The most important thing about this business is the legality of the developer because many developers lack legitimacy. This business is included as a capital-intensive business because of the significant procurement need, not to mention the construction process.

    This statement was made by Djoko Santoso, a Property Business Practitioner in Solo Raya, in Guest Lecture on Managerial Simulation Practices for Property Business Prospects and Thematic Tourism Development organized by the Management Study Program, Faculty of Economics and Business (FEB) Universitas Sebelas Maret (UNS), Wednesday, 15 September 2021.

    Further, Mr. Djoko reveals that the property business value is determined by four things, namely location, facilities, brand, and theme.

    The main focus on determining housing construction is location. In contrast, the supporting infrastructure will be an added value in housing. The most common facilities included are roads and places of worship. Meanwhile, the brand will significantly affect the property selling power or its marketing strategy. When the housing brand is strong in a region, it will affect the marketability of the housing products.

    Several housing estates have started to apply specific themes in their construction, which is usually dependent on specific consumer groups, usually for the upper-level economic community. Based on his experience in the property business, Djoko Santoso sees that the basic guidelines in property business valuation are location and target market, land price, theme or type of housing, ownership system, and marketing. “The first points to consider when choosing a location or target market are the location must be clear, and which target market we choose, whether it is the lower, middle or upper-class because this greatly affects the products we will sell and also the determined targets,” he said.

    Currently, to sell property products, the marketing system is diverse. There is a housing program without a down payment and half payment program, where half of the property price can be paid in 12 installments with no interest and many others. These kinds of marketing systems are done to attract consumers. Likewise, in terms of property business capital, the alternative funding is very diverse. Previously, the only funding available was personal funds. Now we can collaborate with landowners, bank credit funding, or finding investors.

    Meanwhile, the second speaker, Gilang Ramadhan, a musician and Mentor for the Tourism Development of the Ministry of Tourism and Creative Economy, told his experience while working in the tourism sector. According to him, creativity is needed to develop the tourism sector. In developing tourism, we must pay attention to the tourists’ interest in visiting tourism places. VVIP tourists want a place that is truly original. Considering this preference, we can choose an original tourism concept.

    “It is also necessary to pay attention to what can charm people around the world to visit tourist attractions in Indonesia, for example, coffee. If coffee can be a point of attraction to attract people into visiting a place, use it, and do not forget that we have to use the red and white flag as one of the identities of Indonesia,” he said.

    Another thing that also needs to be done is to record visiting tourists in a relaxed and friendly way, to easily get their contact information in the event of promoting other tourist attractions. A sustainable blueprint is fundamental in developing tourism. Meanwhile, the best blueprint is from Bali. (Humas FEB).

  • FE UNTAN Deanery Visit FEB UNS, Discussing MBKM

    FE UNTAN Deanery Visit FEB UNS, Discussing MBKM

    The Faculty of Economics and Business (FEB) UNS received a visit from the Deanery of the Faculty of Economics, Tanjungpura University (UNTAN) Pontianak, Monday 20 September 2021, in Meeting Room 1 FEB UNS. On this occasion, the representative of FEB UNS presented the faculty profile, the Merdeka Belajar Kampus Merdeka (MBKM) Policy, and its implementation in each study program.

    Dr. Haryono, WD 2 FE UNTAN presenting the FE UNTAN profile

    The entourage of FE UNTAN, consisting of Muz’an Sulaiman, SE., MM., as the Vice-Dean 1 FE UNTAN, Dr. Haryono, SE, Ak, CPA, Asean CPA, as the Deputy Dean 2 FE UNTAN, Dr. Restiatun, MSi, Secretary of the IE Doctoral Study Program FE UNTAN, Dr. Afrizal, MSi, the Head of the FE UNTAN Library, was welcomed by the Dean of FEB UNS, Prof. Djoko Suhardjanto, M.Com. (Hons) Ph.D., Ak., FEB UNS Vice Deans, the Heads of Undergraduate Study Programs, and the Head of Doctoral Programs in Economics FEB UNS. Following the welcome remark, Prof. Djoko Suhardjanto briefly explained the profile of FEB UNS.

    Prof. Djoko mentioned that all undergraduate and postgraduate study programs at FEB UNS have been accredited A from the National Accreditation Board for Higher Education (BAN-PT). International accreditation certifications have also been achieved, such as the EPAS, AUN QA, and ABEST21. Around November this year, the three undergraduate study programs in FEB UNS, the Accounting, Management, and Development Economics will be assessed by AQAS, an international accreditation agency recognized by the Directorate General of Higher Education (Dikti). This year also, FEB UNS has opened an international class.

    “Since 6 October 2020, UNS has obtained the status of a State University with Legal Entity (PTN-BH). In addition, UNS is included in the first cluster or the main cluster of the best universities (PT) in Indonesia. Because of the PTNBH status, there is the main requirement where 50% of the lecturers must have a doctoral degree, and FEB is slowly fulfilling this requirement,” he said.

    Visiting the FEB UNS Studio

    Meanwhile, information regarding the MBKM Policy in FEB UNS was delivered by the Vice Dean of Academic Research and Student Affairs FEB UNS, Prof. Izza Mafruhah, SE, M.Si. The implementation at study program level was delivered by the Head of Accounting Study Program, Agung Nur Probohudono, SE, M.Sc., Ph.D., Ak., CA., the Head of Management Study Program, Dr. Atmaji, MM, and the Head of Development Economics Study Program, Bhimo Rizky Samudro, SE, M.Si., Ph.D.

    During the visit, the UNTAN Deanery also visited some of the FEB UNS facilities adapted to national and international accreditation standards, including classrooms, professor rooms, learning studio rooms, work stations, teleconferencing rooms, and others. (Humas FEB).

  • Accounting Study Program Held a Public Lecture in Banks Performance and Business Development During a Pandemic

    Accounting Study Program Held a Public Lecture in Banks Performance and Business Development During a Pandemic

    The COVID-19 pandemic that hit Indonesia for almost two years has caused many changes in the business world. Numerous businesses faced a decline in turnover and even filed for bankruptcies because they were unable to fund their operations. The decrease in people’s income reduces community purchasing power to buy secondary needs. Based on a survey conducted by the Bank Indonesia Representative Office in Solo, business activities are kept on declining until the 4th quarter of 2020. The level of current assets or cash and profitability or operating profit of a business entity had decreased by -2.8% and -25% for the last three consecutive months at the end of the fourth quarter of 2020, respectively.

    This statement was conveyed by Lekso Mirmawan, the Head of the Bank Jateng Solo Branch, in a Public Lecture on Banks Performance and Business Development During the Pandemic, organized by the Accounting Study Program, Faculty of Economics and Business (FEB) Universitas Sebelas Maret (UNS), Wednesday, September 15, 2021. Furthermore, he said that the banking sector is one of the sectors required by the government to take part in the national economic recovery. Banks must make internal and external transformations to contribute to the community, customers, or bank debtors.

    “One of the strategic efforts taken is to provide credit relaxation to debtors affected by the Covid-19 pandemic. This relaxation is provided in the form of deferment for the payment of principal credit installment within a certain period. At the same time, there was an allowance that let some debtors to only pay for the outstanding interest. Following this pattern, we hope that debtors can survive the crisis, funding their working capital, operational costs, and so on,” he explained.

    Another type of relaxation provided is the exemption of principal and interest payment for a certain period. This relaxation is given to companies that are non-essential in nature to encourage entrepreneurs to recover their operations and survive the pandemic.

    Additionally, banks are also diverting commercial loans to consumer loans based on a fixed salary installment. This loan aims to stimulate civil servants borrowing by providing low loan interest.

    During this pandemic, banks are also facing public distrust issues regarding the customers’ fund’s security. Until today, the banking sector seeks to provide education and information dissemination to convince customers that public funds deposited in banks are guaranteed by the Indonesia Deposit Insurance Corporation (LPS).

    Meanwhile, Raja Alkautsar, the Owner of Tanaku Kopi, as the second speaker in the public lecture, which was attended by more than 160 participants, highlights the strategies for those who want to be successful entrepreneurs.

    According to him, to establish a business, one must have passion. Passion can be seen when someone is thrilled to do something and is not bored even though he does it for a long time, always enjoying the specific activity. Passion, if honed, will be a great business opportunity.

    “People who have passion will be more detailed, do not want to make mistakes, and do not want to lose. Some of the successful people I have met usually carry out their work activities beyond reasonable limits, very hard-working, even when they are hanging out, their discussion revolved around work. They come home just to sleep,” he said.

    Raja added that the requirement to become an entrepreneur is to never give up. If you fail, you need to immediately get up again. The pressure in the business world is indeed very high, especially when working with other people because there will be a profit-sharing mechanism.

    When starting a business, it is important to visit, record, and analyze competitors’ businesses continuously. Find out why their business is crowded to understand the clues. Most importantly, it is crucial to always provide satisfactory service to the customers. Thus they will always repeat their visits. (Humas FEB).