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This study investigates the potential role of the Jakarta Islamic Index (JII) as a hedging instrument and safe haven asset against the Indonesia Composite Index (IHSG) during the period from January 2020 to April 2025, a time characterized by elevated market volatility. The main objective is to determine whether sharia-compliant stocks in Indonesia offer diversification benefits during periods of financial stress. Utilizing daily closing prices converted into log returns, the study employs the Asymmetric Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity (A-DCC GARCH) model to capture time-varying correlations between JII and IHSG. Prior to applying the model, standard diagnostic tests were performed to ensure data quality, including tests for stationarity, autocorrelation, and ARCH effects.Empirical results reveal a persistently high correlation between IHSG and JII, with an average of 0.826 and values exceeding 0.95 during periods of market turbulence. These findings indicate that JII does not fulfill the characteristics of a hedge or safe haven asset. A robustness analysis using extended data from 2010 to mid-2025 further supports the conclusion, showing the continued presence of strong comovement between the two indices across different market regimes. This suggests a structural relationship rather than one driven solely by crisis events. The high correlation may be attributed to overlapping index constituents and similar investor responses to market shocks. These results challenge the prevailing notion that Islamic indices inherently offer protection during downturns. As such, investors seeking to mitigate portfolio risk may need to look beyond domestic sharia equities and consider broader asset classes or international diversification. Future research is encouraged to explore cross-market and multi-asset safe haven properties, especially in the context of emerging economies.

Penelitian ini bertujuan untuk menemukan bukti empiris reaksi investor pasar modal Indonesia terhadap peristiwa pengumuman pelantikan Presiden dan Wakil Presiden tahun 2024. Populasi penelitian ini adalah saham-saham yang konsisten terdaftar dalam indeks LQ 45 selama periode penelitian. Data yang digunakan adalah data sekunder berupa harga penutupan saham harian dan IHSG. Uji statistik yang digunakan untuk menguji hipotesis adalah one samples t-test dan paired samples t test. Hasil perhitungan one samples t-test menunjukkan bahwa tidak terdapat rerata return tidak normal positif yang signifikan di sekitar tanggal peristiwa, yang berarti investor tidak merespon peristiwa pengumuman pelantikan Presiden dan Wakil Presiden tahun 2024. Hasil uji paired samples t test membuktikan bahwa tidak terdapat perbedaan yang signifikan rerata return tidak normal maupun rerata trading volume activity antara sebelum dan setelah peristiwa.

The rapid development of information technology has an impact on the development of financial services with the presence of Peer-to-Peer (P2P) Lending Financial Technology. The presence of P2P Lending has created its own legal complexities in relation to the legal relationship between lender and borrower and risk mitigation efforts, especially the risk of default without specific collateral. This research aims to analysis the legal relationship between Lender and Borrower and the legal protection for Lender in the event of default risks in the implementation of P2P Lending in Indonesia using a normative legal approach. The results of the research indicate that the legal relationship between lender and borrower is a general loan agreement involving a P2P lending platform as an intermediary between lender and borrower. POJK No. 10/POJK.05/2022 plays an important role as a regulation that ensures risk mitigation in the implementation of P2P lending, including the obligation of operators to transfer funding risks to third parties, which has been implemented by PT Amartha Mikro Fintek in collaboration with PT Jaminan Kredit Indonesia (Persero) to provide guarantee facilities for P2P Lending services to ensure legal protection for Lenders.

This study aims to analyze the impact of the Russian invasion of Ukraine on February 24, 2022, on the Indonesian capital market, particularly on the stocks listed in the LQ45 index, as well as on exchange rates and cryptocurrency trading volumes. The research employs a quantitative approach using an event study method, focusing on a 15-day observation window—comprising 7 days before, the day of, and 7 days after the invasion event. The variables analyzed include abnormal return (AR), trading volume activity (TVA), exchange rates, and cryptocurrency transaction volume. The research sample consists of issuers listed in the LQ45 index and the three largest cryptocurrencies by market capitalization—Bitcoin, Ethereum, and Tether (USDT)—selected through purposive sampling. The findings indicate that the Russian invasion of Ukraine had a significant impact on abnormal returns and trading volume activity of LQ45 stocks, as well as on exchange rates and cryptocurrency trading volumes. This geopolitical event emerged as an external factor contributing to market uncertainty, prompting investors to adjust their investment strategies in both stock markets and digital assets. These findings confirm that global conflicts are closely linked to the dynamics of domestic financial markets.

This study investigates the educational role of a mother in Iwan Setyawan’s Novel 9 Summers 10 Autumns. The research addresses three main problems: (1) How does the mother prioritized family needs in 9 Summers 10 Autumns novel a translated by Maggie Tiojakin (2) How does the role of mother to create children’s educations in 9 Summers 10 Autumns novel a translated by Maggie Tiojakin. Using a qualitative approach, data were collected through documentation. The data collection process in this research involves identified, classified, analyzed, and organized systematically to support the completion of the research. The data were analyzed through identification, classification, description, and interpretation. The findings reveal that she manages household needs with precision, provides warmth and security, and remains strong despite her husband's imprisonment. Her modest home, though small, becomes a place filled with love, simplicity, and gratitude. Her sacrifices selling belongings and borrowing money reflect her unwavering dedication to her family’s survival and harmony. Her commitment to education is shown through her tireless support, never letting her children work, and always encouraging them to study and succeed. Her love and sacrifices result in her children graduating from university and eventually improving the family’s quality of life. The novel illustrates the power of maternal love, perseverance, and the profound impact of a mother’s role in shaping her children’s future.

The digital media era is marked by a major shift in how information is accessed, produced, and disseminated. The internet and electronic devices such as smartphones enable anyone to become an information producer through social media, blogs, and other digital platforms. Media is no longer dominated by large institutions but also by ordinary individuals, creating a more democratic communication space. Digital communication enables the two-way exchange of messages in the form of text, images, audio, and video, accelerating the dissemination of information and strengthening collaboration across distances. However, challenges such as the spread of hoaxes and the ethical use of digital media still require attention. One form of active community participation is citizen journalism, where individuals cover and share local issues through digital media. This was evident in the OMK Week activities at Liwulagang Parish, which were documented by the OMK team through photos and videos. This documentation aims to preserve archives, serve as material for reflection, and expand publications to the congregation through social media, especially Facebook. The content shared emphasizes the spirituality, solidarity, and creativity of OMK, while also motivating the younger generation to become active in church life. To support citizens' ability to utilize digital media appropriately, journalism training was conducted to increase public understanding of the wise use of social media. The research methods used in this activity included data collection, outreach, and interviews, with results demonstrating the importance of open communication, feedback between presenters and participants, and active community participation.

The research entitled Production Planning of Tenun Ikat Petra Cilik in Kupang City aims to find out and explain the production planning of Tenun Ikat Petra Cilik in Kupang City. Data collection techniques in this study are observation, interviews, documentation and questionnaires. While data analysis techniques use forecasting and Break Event Point (BEP).The results showed that the amount of sales forecast for sarongs at Tenun Ikat Petra Cilik in 2024 was 174 sheets, in 2025 as many as 202 sheets and 2026 as many as 219 sheets. For blankets in 2024 as many as 107 pieces, in 2025 as many as 110 pieces and in 2026 as many as 113 pieces. For sashes on Tenun Ikat Petra Cilik shows that in 2024 there were 199 sheets, in 2025 there were 201 sheets and in 2026 there were 204 sheets. The results of the Break Event Point (BEP) analysis show that if Tenun Ikat Petra Cilik in Kupang City produces 101 pieces of sarong or Rp.152,000,000, for blankets producing 162 pieces or Rp. 162,857,142 and sling producing 1,380 pieces or Rp.411.940.298, then Tenun Ikat Petra Cilik will not make a profit or not suffer a loss because at that point Tenun Ikat Petra Cilik is in a state of basic return. And if the company produces below the BEP point, the company will experience a loss, and vice versa if the company produces above the BEP point, the company will experience a profit. Based on the results of the study, it is recommended that it be taken into consideration for the company in relation to making decisions on determining the number of orders and good planning for the supply of woven raw materials in order to smooth the production process in the company. And for the company, Tenun Ikat Petra Cilik needs to make a production plan or the amount of production to be produced appropriately in order to provide maximum profit. Produksi Keywords :Planning,Production    

Blood donation activities are an essential form of community service to help meet the growing demand for blood in Indonesia. The collaboration between IKT Kartini Batam, Yayasan Buddha Tzu Chi, and the Indonesian Red Cross (PMI) represents a strategic approach to enhance public social awareness through blood donation. This activity aims to educate the community about the benefits of blood donation and encourage more individuals to participate in this social cause. Held on June 22, 2025, the blood donation event involved 120 donors and successfully raised new awareness among the community, particularly about the importance of blood donation as part of social responsibility. Moreover, the collaboration between the three institutions strengthened existing social networks and enriched the academic community's understanding of community service. The event's evaluation showed positive results with an increase in the number of donors and active community participation, despite some technical challenges related to the number of medical staff. Overall, this activity had a significant impact both socially and academically, and it is expected to continue growing, offering greater benefits to society in the future.

This research is a case study with the object of research at UMKM Liwut Sari The purpose of this study is to determine and explain the production planning of herbal drinks at UMKM Liwut Sari. Data collection techniques in this research are observation, interviews, and documentation while data analysis techniques use forecasting and Break Even Point (BEP).  The results of the sales forecasting analysis of red ginger herbal drink and temulawak herbal drink at Liwut Sari UMKM in January are predicted to sell 263 packs of red ginger herbal drinks and 262 packs of temulawak herbal drinks, in February red ginger herbal drinks is 271 packs and temulawak herbal drinks is 270 packs, in March red ginger herbal drinks is 279 packs and temulawak herbal drinks is 278 packs. The results of the Break Even Point (BEP) analysis show that if UMKM Liwut Sari produces 86 packs of red ginger herbal drinks or Rp 4,289,855 and 81 packs of temulawak herbal drinks or Rp 4,054,794, then UMKM Liwut Sari does not make a profit or suffers a loss because at that point the company is in a state of principal return.

The development of the Mice Industry in Indonesia is growing, this can be seen in 2023 as many as 97.86% of event organizers have returned to being held. The purpose of this study is to measure and analyze the PRO Audio Visual, LED, Lighting & Music Indonesia 2024 Event, the image of PT. Kristamedia Pratama at the PRO Audio Visual, LED, Lighting & Music Indonesia 2024 event, the influence of the PRO Audio Visual, LED, Lighting & Music Indonesia 2024 event on the image of PT Kristamedia Pratama. The theory used for the event is a means for the company as a public relations to introduce and communicate the brand to potential consumers involved in the event and the company's image is a form of intangible asset in a company that has a uniqueness that is easy to identify but difficult to imitate. The research approach uses quantitative. The research method uses a survey. The data collection technique uses simple random sampling with a research sample of 100 respondents. The data collection method uses a questionnaire. The data analysis methods used are validity testing, reliability testing, frequency analysis, correlation analysis, simple linear regression analysis. The results of the study show that events have an overall average value of 4.03, while corporate image has an overall average value of 4.09. Events have a positive and significant effect on corporate image. The r-square value in the coefficient of determination test shows that events have a 45.4% effect on corporate image.

The community service program titled Great Youth, Strong Mentality at Untung Suropati Catholic High School aimed to enhance students understanding and skills in managing stress and anxiety, which are increasingly prevalent among adolescents due to academic pressures, social dynamics, environmental changes, and excessive exposure to social media. These issues are exacerbated by a lack of knowledge about effective stress management strategies, such as relaxation techniques and emotional communication, as well as the stigma surrounding mental health that discourages adolescents from seeking help. The counseling was conducted using an interactive approach, comprising a 30-minute informative lecture to explain the concepts of stress and anxiety, small group discussions (5–7 students) to encourage reflection and sharing of experiences, and practical exercises on relaxation techniques, such as diaphragmatic breathing and mindfulness, to provide hands-on experience. Supporting materials, including visual presentations and interactive quizzes, were utilized to enhance student engagement. Post-event evaluation revealed significant improvements in the understanding of stress and anxiety among students in grades X, XI, and XII. Students demonstrated enthusiasm through active participation in discussions and practical sessions, as well as positive feedback on the supportive and stigma-free environment. The program successfully equipped students with practical skills for stress management and fostered a healthier learning environment. For sustainability, it is recommended to conduct similar programs regularly, integrate mental health education into the school curriculum or extracurricular activities, provide concise modules for students’ independent use, and collaborate with school counselors to monitor technique implementation and offer ongoing support to ensure long-term impact on students mental well-being.

A landslide disaster is a life-threatening event that can result in loss of life, environmental damage, and property loss, so it is necessary to have self-evacuation capabilities. Self-evacuation capabilities can be improved with the DEMASI method (Video Animation and Simulation). The aim of this research is to determine the effect of DEMASI (Video Animation and Simulation) on the ability to self-evacuate landslides in class X students at SMA Negeri 1 Dongko. Pre-experimental design research design with a one-group pretest-posttest approach without control. The purposive sampling technique obtained 34 respondents from 170 populations. The research instrument used an observation sheet on self-evacuation capabilities for landslide disasters. Wilcoxon Signed Rank Test statistical test with α 0.05. The results of the research before being given DEMASI intervention (Video Animation and Simulation) were that all (100%) respondents had poor abilities, and after the intervention almost all (85.3%) respondents had good abilities. Results: The statistical analysis showed that the p-value was 0.000 < α 0.05, so there was an influence of DEMASI (Video Animation and Simulation) on students' self-evacuation ability for landslide disasters. The DEMASI method (Video Animation and Simulation) combines two methods that are more interesting, effective, and interactive because audiovisuals recorded by optic and auditory nerves are sent to the occipital lobe and temporal lobe to be described and processed, which involves many brain regions and the frontal lobe so that they can influence the respondent's abilities. The DEMASI method can be used as an educational medium for students and other school residents in an effort to improve their ability to self-evacuate in landslide disasters.

The development of e-commerce and digital technology has changed the consumption patterns of students, especially through live streaming features and twin date events on Shopee. This study aims to analyze the role of Fear of Missing Out (FOMO) in mediating the influence of live streaming and twin-date events on the consumption behavior of students at Yogyakarta State University. A quantitative approach was used with the Structural Equation Modeling (SEM) method based on Partial Least Squares (PLS). The research sample consisted of 315 student respondents who had used the live streaming feature and participated in Shopee's twin-date events. The results showed that twin-date events had a positive and significant effect on FOMO and consumer behavior, while live streaming only had a significant effect on consumer behavior but not on FOMO. FOMO itself significantly influences consumer behavior and mediates the influence of the twin date event on consumer behavior. However, FOMO does not mediate the influence of live streaming on consumer behavior. This finding indicates that the urgency of time and exclusive promotions during the twin date event are more effective in triggering FOMO than live streaming. This study recommends the importance of digital consumption literacy for students and the development of emotion-based marketing strategies by e-commerce platforms. This study has limitations in terms of sample scope and variables used, so further research is recommended to include additional variables such as lifestyle or financial literacy, and to expand the sample to other universities.

This study examines how Javanese culture is represented in the tingkeban ceremony of the second child of celebrity couple Lesti Kejora and Rizky Billar, using a critical discourse analysis approach influenced by the post-structuralist theory of Michel Foucault. The tingkeban tradition, originally a private ritual, has been reconstructed into digital entertainment, focusing on aesthetics, religious narratives, and the ideal image of motherhood. By applying Foucault’s concepts of discourse, power, and subject formation, this article reveals how cultural meanings, gender roles, and celebrity identities are formulated through discursive mechanisms on social media platforms. The findings indicate that the event is not merely a means of cultural preservation, but also a symbolic exercise of power that reinforces social norms and preferred identities, particularly those aligned with the middle-class values. In this context, tradition becomes a contested site for the construction and negotiation of meaning in contemporary discourse.

This article explores the integration of creative and historical tourism through a comparative examination of two prominent cultural destinations in East Java, Indonesia: Bandar Grisse in Gresik and the Bung Karno Memorial Park in Blitar. Bandar Grisse, a revitalized old-town district, exemplifies a unique urban tourism model that blends colonial architectural heritage with a contemporary pedestrian-friendly layout reminiscent of Malioboro Street in Yogyakarta. Central to its historical significance is the Garling (Gardu Suling), an iconic heritage structure equipped with a siren, strategically located amidst a multicultural urban fabric encompassing Dutch, Arab, Chinese, and indigenous settlements. The institutionalization of the “Bandar Grisse” tourism brand has catalyzed a series of recurring cultural events, including the annual Bandar Grisse Festival and the biweekly Cokro Ekraf Festival, fostering local creative economies. Complementing this urban heritage is the Bung Karno Memorial Park, a monumental site that not only serves as the final resting place of Indonesia’s first president but also as a locus of national remembrance and civic education. Employing a qualitative descriptive approach, this study underscores the symbiotic relationship between heritage preservation and cultural innovation in promoting sustainable tourism rooted in local identity and historical consciousness.

This study examines the legal protections and enforcement mechanisms against securities dilution in technology‐sector issuers adopting multiple voting rights stock classifications following an initial public offering (IPO) under Indonesia’s Financial Services Authority Regulation No. 22/POJK.04/2021. It addresses two core issues: the adequacy of minority shareholder safeguards embedded within the regulatory framework and the nature and extent of share dilution experienced by existing investors in dual‐class structures. Employing a normative legal research design with a doctrinal approach, the analysis draws on primary sources including UU No. 40/2007, UU No. 4/2023, POJK 22/POJK.04/2021, issuer prospectuses, and PT GoTo Gojek Tokopedia’s 2022–2024 annual reports complemented by secondary literature and tertiary legal references. Findings reveal that POJK 22/POJK.04/2021 integrates quantitative limits (a 90 percent cap on aggregate superior voting rights), procedural safeguards (minimum 5 percent ordinary‐shareholder quorum and independent renewal approval), temporal constraints (10‐year sunset clause), and one‐share‐one‐vote requirements for critical corporate actions, alongside a novel graduated voting ratio system. The GoTo case study underscores persistent misalignment between cash‐flow and voting rights, marked by significant share price volatility and reliance on share buybacks rather than dilutive issuances. While the regulatory framework is comprehensive, its efficacy is contingent on robust enforcement, transparency of indirect ownership, and institutional maturity. Empirical evaluation of post‐IPO dilution events, minority litigation outcomes, and enforcement actions is recommended to assess real‐world impacts.

Fantasy Party Dress is a dress shows beauty and uniqueness. This cloth is that worn for certain events, based on the occasion, fantasy clothing is only used in fashion gshows/carnivals. The purpose of making a report is to find out the process of making a fantasy party dress for the application of tulips, butterflies and falcon headdresses. The report uses qualitative research methods, literature, observation, documentation and data analysis. The making of this Fantasy Party Dress goes through the stages, 1) determining the design, 2) Making an S size pattern, 3) Cutting the main material, furing, lining material, 4) Pressing the coating on the main material, 5) Merader, 6) Sewing the material, sewing the rufle skirt then sewing on skirt, 7) Installation of the application of butterfly embroidery with the check technique, 8)Determining the falcon headdress and determining the appropriate color, 9)The process of sewing parel with the jidot technique, 10)Finishing it by examining the details of the dress. The process of making fantasy clothes is carried out carefully and carefully, to produce clothes that match the design and size. Sew the camisol loop by exaggerating the thread at the end of the stitch, the end of the thread is inserted into the eye of the hand needle, the needle is inserted into the loop, pulled upside down. Sequins using the jidot technique (parallel sequins with one key at a time)

One type of student service needed by IAKN Tarutung is the Community Service and Practice (KPPM), which takes place in the sixth semester and lasts for three months. Through various community experiences and social activities that involve cooperation between students, the community, and the government, this program aims to meet basic needs and improve the welfare and tranquility of the community in Pohan Tonga Village, Siborongborong District. The two main phases of the research methodology are observation at the village head's office and the implementation of health program activities for the elderly every Wednesday. This activity lasts for 120 minutes and is scheduled once a month in the third week. Activities may include worship, counseling, community service, and physical activities. The community is becoming closer and supporting one another through events facilitated by KPPM such as village clean-ups, community service, and other social gatherings. This creates a peaceful village atmosphere and enhances relationships among residents. Village development projects are planned, implemented, and evaluated with community participation encouraged by KPPM. The community actively participates rather than just watching, fostering a sense of pride in the developmental outcomes. The conclusion of this activity is that KPPM investigates and utilizes the existing potential of Pohan Tonga village, including its human and natural resources. This potential can be a key asset for village development with proper management.

The implementation of the Surabaya Taekwondo City Championship 2025 is an opportunity to measure the success of sports events at the regional level, especially Surabaya City. This study aims to analyze the level of satisfaction of participants and visitors to the implementation of the 2025 Surabaya Taekwondo City Championship using the Service Quality (ServQual) method, which includes Physical Evidence (Tangibles), Reliability, Responsiveness, Assurance, and Empathy using quantitative research methods with a survey approach. Data were collected through questionnaires which distributed to coaches and guardians of championship students in Surabaya. The sampling technique used the Proportionate Stratified Random Sampling method with a total of 243 respondents. The data analysis technique uses a Likert scale which is then processed with SPSS software. The results showed that all dimensions of Service Quality have a high level of validity and are strongly correlated with visitor satisfaction. In general, the championship received a good assessment, especially in the aspects of service reliability and assurance. However, there are several aspects that need to be improved, such as facility comfort, committee communication effectiveness, and responsiveness to visitor complaints. The conclusion of this study is that the implementation of the 2025 Surabaya Taekwondo City Championship has met the satisfaction standards of participants and visitors, although there are still several aspects that need to be improved. Therefore, it is necessary to improve the quality of facilities, optimize committee communication, and strengthen the security system and services.

Organizing government affairs in the land sector is The National Land Agency (BPN) holds the authority to manage land-related affairs, including the administrative resolution of land disputes within its jurisdiction.The foundation for BPN's ability to act as a mediator and assist the parties in identifying several options for settling conflicts without resorting to decision-making or coercion is Regulation of the Head of BPN No. 11 of 2016. To put it another way, this research approach combines qualitative legal data analysis with a normative legal research methodology. Land disputes that fall under BPN's purview are the focus of this study. A peace agreement signed by involving the disputing parties and the mediator, along with documented proceedings of the mediation process signed by the mediator, document the agreement achieved in the event that mediation is successful. The peace accord that the BPN mediator mediated is exclusively.