2.3.4 Overview of Sukuk Development in Indonesia Sukuk issuance by Indonesia has permitted the government to source options‚ financing in balancing its budget deficit while branching out its investor base. The Shari‘ah compliance market is quick rising with demand outstripping supplies. This situation creates pricing tension‚ especially for sovereign and quality issues. Indonesia Sukuk has been one of the helpers on the demand side which in turn offered excellent pricing. The Indonesian government
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music call “ Keroncong” . The history of Keroncong music itself was started when the Portugese invaded Indonesia in the 16th century‚ this music was first introduced by the sailors and the slaves on the portugese ship as known as “Fadu”. But weakening Influence of the portugese in the 17th century did not make “Keroncong” disappear from Indonesia. This music just continued to grow in Indonesia. In the early 19th century some Indonesian traditional instruments were introduced and influenced this
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Summary: (Taken From Harvard’s site) Although Wal-Mart‚ the world’s largest company by revenue‚ was into its 9th year of operations in China‚ its stores were still losing money. It had created a miracle in the U.S. retail industry by revolutionizing the sector’s business model and successfully implementing its model through innovative practices that enabled it to sell national brands at "Every Day Low Prices". The challenge Wal-Mart faced was whether it could transport its successful model to win
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Batik influences throughout history Batik is the art of wax resistance techniques applied to fabrics originating in South East Asia‚ on the north coast of the island of Java‚ Indonesia. Indonesian batik is unique and unequaled. Centuries ago‚ the demand for Indonesian batik skyrocketed‚ and Indonesian batik knock-offs were produced and sold throughout the trade routes to Asia‚ India‚ the Middle East‚ and Africa. To prevent the production of knock-offs‚ famous batik artists signed their work‚
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culture of Indonesia. As we know‚ the Indonesian culture stretched from Sabang to Marauke. Having dozens of cultural heritage that is rich in art. Many nations are amazed and want to claim the Indonesian culture as the culture of their nation. Therefore‚ it is then we as the younger generation is very good if we realize that culture is an irreplaceable treasure. Culture can not be created with ease‚ especially with a short time. It has a lot of effort to preserve the culture of Indonesia‚ but these
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Why do you think that Cemex decided to exit Indonesia after failing to gain majority control of Semen Gresik? Why is majority control is so important for Cemex? Cemex entered Indonesia in 1998 as part of IMF sponsored privazation program by purchasing 25 stake in goverment owned Indonesia cement maker Semen Gresik. At the same time‚ Indoneisa promised Cemex to acquire majority stake in 2001. However the country never granted the permission. Indonesia worried about local assets were going to foreign
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Transport in Indonesia All transport modes play a role in Indonesia’s transport system and are generally complementary rather than competitive. Road transport is the predominant mode‚ accounting for about 70 percent of freight ton-km and 82 percent of passenger km. There are four unconnected railway networks in Java and Sumatra dedicated primarily to transport bulk commodities and long-distance passenger traffic. Sea transport is extremely important for economic integration and for domestic and
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ws/htmlfiles/.../check-maid-abuse.htm 7. Earth Times. (2009‚ June 26). Malaysia to suffer huge losses from Indonesia’s maid ban. Retrieved from December 13‚ 2010‚ from http://martinfrost.ws/htmlfiles/.../check-maid-abuse.htm 8. The Star (2009‚ June 20). Indonesia threat to cut maid supply. Retrieved from December 13‚ 2010‚ from http://thestar.com.my/news/story.asp?file=/2009/6/20/nation/4162397&sec=nation
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DESTINATION IN INDONESIA Tourism in Indonesian is an important component of the Indonesian economy as well as a significant source of its foreign exchange revenues. The vast country of sprawling archipelago has much to offer; from natural beauty‚ historical heritage to cultural diversity. The tourism sector of Indonesian ranked as the 4th largest among goods and services export sectors. Singapore‚ Malaysia‚ China‚ Australia‚ and Japan are the top five source of visitors to Indonesia. Ten most tourist
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The article titled “National Exam Systematic Failure” written by Mia Chitra Dinisari and Arsyad Paripurna ‚ discusses about the chaos education system in Indonesia about National Examination (UN) in 2013. National examination is an annual exam that must be taken by students who want to graduate from their school and continue their study to a higher level of education‚ such as entering universities . This year’s UN is slightly different from the previous year‚ the question sheets have been designed
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