President University (Indonesian: Universitas Presiden) is an international private university located in the Jababeka Industrial Estate, the largest industrial area in Southeast Asia. PresUniv was founded in 2001 by national entrepreneur Dr. (HC) SD Darmono, the founder of the Jababeka Group and Prof. Dr. Juwono Sudarsono, an academic who has held various ministerial positions such as Minister of Environment, Minister of Education and Culture to Minister of Defense. Several figures also contributed in formulating PresUniv to become an international university, such as legal expert Prof. Dr. Charles Himawan, SH, LLM, Ir. Admiral Sukardi (Minister of State for Investment and Empowerment of SOEs (1999-2001) and Minister of SOEs (2001-2004)), Drs. Utomo Josodirjo, who is known as the Father of Indonesian Accounting, entrepreneur Surjanto Sosrodjojo, and Prof. Donald Watts from the University of Notre Dame, Australia.As an international university, PresUniv provides lectures in English. In addition, some of PresUniv's lecturers are also foreign lecturers and about 10% of the students are also international students who come from various countries. This also makes PresUniv a private university with the most international students in Indonesia. The rest of the Indonesian students who study at PresUniv come from various provinces. The existence of foreign lecturers and students, including students from various provinces, bringing their respective traditions, culture and habits contribute to building the character of education at PresUniv that is open and tolerant.PresUniv's location in the Jababeka industrial area is also very supportive of an international climate. The industrial area is home to more than 1,750 national and international or multinational companies. These companies also become organic laboratories for PresUniv lecturers and students. Lecturers can do research, and students can do internships in these companies.Since 2018, PresUniv has been accredited A from the National Accreditation Board for Higher Education (BAN-PT) and at the same time became the 78th university in Indonesia to be accredited A, together with several other state universities. Currently, PresUniv has 17 undergraduate programs and 2 postgraduate programs. 50% of the study programs at PresUniv have also been accredited A, and the rest B.PresUniv, under the auspices of the President University Foundation (YPUP), is currently led by Prof. Dr. Ir. Chairy, SE, MM, as Rector. Meanwhile, YPUP is led by Prof. Dr. Ir. Budi Susilo Soepandji, DEA, an academic who has served as Governor of the National Resilience Institute (2011-2016).To support its lecture activities, PresUniv provides dormitories and apartments located not far from campus, namely President University Student Housing (PUSH), Elvis Tower apartments, and New Beverly Hills. In addition, PresUniv also provides bicycles and buses as means of transportation that students can access free of charge. Dr. Dr. Charles Himawan, SH, LLM, Ir. Admiral Sukardi (Minister of State for Investment and Empowerment of SOEs (1999-2001) and Minister of SOEs (2001-2004)), Drs..
This study aims to forecast the movement of the NASDAQ Composite Index using the Extreme Gradient Boosting (XGBoost) algorithm enhanced with feature engineering techniques. The research utilizes historical data from 2015 to 2024, incorporating technical indicators such as moving averages (MA20, MA50), lagged closing prices (Close–1, Close–3), and trading volume to capture both short-term and medium-term market dynamics. The methodological framework involves four stages: data collection, data preprocessing, model development, and performance evaluation. Hyperparameter tuning was conducted using grid search cross-validation to optimize model parameters. The model’s predictive accuracy was assessed using three statistical error metrics—Root Mean Squared Error (RMSE), Mean Absolute Error (MAE), and Mean Absolute Percentage Error (MAPE). The results indicate strong forecasting performance, with training RMSE = 91.16, MAE = 65.52, and MAPE = 0.76
The rapid expansion of the digital economy has transformed global production systems, labor markets, trade patterns, and governance structures. In this evolving environment, human capital has emerged as a key determinant of long-term economic competitiveness and resilience. Although studies on digital transformation and workforce development have proliferated, the existing literature remains fragmented across disciplines and geographic contexts. This study aims to conduct a systematic literature review that examines the macroeconomic relationship between human capital and the digital economy. Using the PRISMA framework, 852 records from the Scopus database were screened, yielding 40 studies included in the final synthesis. The analysis identified five dominant research themes: digital-driven economic growth, workforce transformation, digital governance and trade competitiveness, economic resilience, and sectoral digital transformation. The findings consistently demonstrate that digital infrastructure alone is insufficient to generate sustainable economic growth. Instead, outcomes depend heavily on the quality, adaptability, and innovative capacity of human capital. Human capital serves not only as a factor of production but also as a mediator and moderator that shapes the performance of the digital economy by enhancing institutional adaptability, reducing structural constraints, and supporting economic modernization.
Disputes in construction projects are complex issues involving technical, administrative, and legal aspects. F & eacute;d & eacute;ration Internationale des Ing & eacute;nieurs-Conseils (FIDIC) standard forms, as an international contract standard, are widely used in infrastructure projects in Indonesia. This study aims to identify the profile and pattern of disputes arising in the implementation of FIDIC-based construction contracts in Indonesia, as well as to analyze the effectiveness of the dispute resolution mechanism regulated in the standard. Using a normative-empirical legal approach, this study examines six Indonesian court decisions that adopted the FIDIC standard forms. The results of the analysis show that disputes generally revolve around changes in work, claims for bond disbursements, and unilateral contract termination. This study highlights the important role of the dispute board in resolving construction disputes. The results of this study are expected to provide practical and academic contributions to the development of construction contract law in Indonesia. Practical Applications: The results of this study have strategic significance in encouraging improvements in construction contract governance in Indonesia. By understanding the patterns of disputes that often arise and how their resolution is handled by the national legal system, stakeholders can be more careful in preparing contract documents, determining risk allocation, and choosing the right dispute resolution mechanism. This contributes directly to increasing legal certainty and efficiency in implementing infrastructure projects. Furthermore, the results of this study can also be a reference for policymakers in preparing guidelines or policies for harmonization between FIDIC standards and Indonesian civil law provisions. Amid the globalization of the construction sector, it is important for the national legal system to be able to adapt to international contract practices without ignoring the principles of applicable national law. This study seeks to bridge this need through real and relevant decision-based analysis.
The present study aims to evaluate the influence of President Joko Widodo's administration on conflict and crime in mining extraction regions in Papua region of Indonesia, that consists of six provinces, using longitudinal Indonesia's Village Potential Data (PODES) from 2008 to 2024 and a Difference-in-Differences (DiD) approach. The outcomes of interest are conflict and crime, while the treatment is defined as the period of President Joko Widodo's administration (2014-2024). The treated group consists of regions with active mining extraction, while the comparison group includes regions without mining activity in Papua. The findings reveal three key results. First, the Jokowi administration significantly reduced conflict in mining extraction regions, plausibly through a combination of large-scale infrastructure investment, inclusive development policies, and mining-sector regulation, though the study acknowledges that isolating a single causal mechanism across a decade-long administration remains a limitation. Second, no significant effect on crime is found, consistent with evidence that resource-related organized crime is structurally entrenched and resistant to short-term governance shocks. Third, disaggregated analysis reveals significant reductions in inter-societal, inter-village, government, student, and ethnic conflicts. These findings contribute to the broader literature on the development-conflict nexus in resource-rich, conflict-prone regions. This paper is important to achieve Sustainable Development Goals (SDGs) in related to peace, justice, and strong institutions.
Purpose: This study examines the factors influencing the sustainable performance of Micro, Small, and Medium Enterprises (MSMEs) by focusing on the interaction between social capital, human resource (HR) competence, financial inclusion, and financial literacy. Method: This study adopted quantitative research design, collected data from 207 MSME actors in Bekasi Regency through structured questionnaires, and evaluated the proposed conceptual model using Structural Equation Modeling (SEM) in SmartPLS 4.0. Result: The analysis reveals that social capital, HR competence, and financial inclusion significantly impact sustainable performance. Furthermore, the study demonstrates that financial inclusion positively affects the financial literacy of MSME owners. In addition, financial literacy was found to serve as an essential mediator, strengthening the relationship between financial inclusion and the sustainable performance of MSMEs. Practical Implications for Economic Growth and Development: This research contributes to economic development by providing insights into the mechanisms that can help MSMEs transition from subsistence-level operations to sustainable, export-ready entities. By aligning financial access with capacity-building initiatives, local economies can mitigate business failure rates, promote more inclusive wealth distribution, and enhance regional competitiveness in the global market. Originality/Value: This study adds financial literacy as a mediating variable between financial inclusion and sustainable performance. Additionally, it offers an exploration of how social capital and human capital contribute to fostering sustainable MSME performance.
