Until now, the domestic patchouli essential oil industry in Indonesia is still limited to exporting unprocessed products as finished products. In addition, farmers and cooperatives understanding is still low in implementing a good plantation manufacturing process. One indicator that can be seen is the number of imports of patchouli essential oil derivative products such as semi-finished ingredients from perfume and food flavors by Indonesia in the period of October-December 2008 amounting to US$ 401 million while exports were only US$ 103 million or a deficit of three to four times of exports. The purpose of this research is to analyze the comparative competitiveness, competitive competitiveness, and specialization of Indonesian patchouli essential oil trade in the international market. Countries that are used as comparison for Indonesia (rank 7) based on the average volume of exports are Brazil (rank 1), the United States (rank 2), Mexico (rank 8) and France (rank 9). This study uses the Revealed Comparative Trade Advantage (RCTA) analysis tool to analyze comparative competitiveness, the Export Competitiveness Index (XCI) to analyze competitive competitiveness, and the Trade Specialization Index (ISP) to analyze its trade specialties. The factors that significantly influence the competitiveness and trade specialization are the export and import value of patchouli essential oil and other goods from Indonesia and competing countries, the total export and import value of patchouli essential oil. Based on the results of the RCTA, XCI, and ISP analysis, the values obtained by Indonesia were 2.013, 1.012, and 0.412, respectively. Keywords: patchouli, essential oil, competitiveness, trade specialties

This paper examines the relationship between the degree of economic openness and real disposable personal income on inflation in Indonesia for a twenty-one-year period (2000Q1–2021Q3). The Simultaneous Equation Model (SEM) technique and the TSLS–Two Stage Least Squares (TSNLS and ARMA) method and long-term dependence for quarterly data from March 2001 (2001Q1) to September 2021 (2021Q3) were used to analyse and test the data. The study shows that the variables degree of openness of the economy (lopen) and real disposable personal income (ldpi) had a significant effect on inflation (linf) with a significance level of 5%. Interestingly, the estimates tend to show an appropriate sign and magnitude of the economic coefficient significance. The study has some implications. It explains the openness of the Indonesian economy and the real disposable personal income of the Indonesian population to recent inflation. Additionally, choosing appropriate policy actions to increase the competitiveness of Indonesia's export products both competitively and comparatively are discussed. If the permanent disposable income of people in Indonesia increases, the consumption demand for certain goods and services will also increase. When the demand for an item is high, the raw materials to be used also become scarce and this can cause inflation. In the context of fiscal stabilization, the Government is expected to be able to provide permanent non-cash subsidies that can help people generate permanent income independently and sustainably so that it has an impact on smoothing their consumption path over time.

<p><em>The objective of this paper is to redesign the Indonesian pension fund’s business model, management system, and new strategies to balance adequate profits, affordability, and sustainable programs. Consider the Malaysian pension system and adapt the INTERDAP application used by PT. Angkasa Pura II. Through this qualitative case study, we applied the foundations of the Triangle Sharia Justice Ecosystem (TSJE); Sharia, digitized the system, and supported green investment in the long run. By modeling the business strategy, facilitating the business model and supplier relationship management, and creating mutually beneficial management among stakeholders. The study found that Malaysia’s pension system has an investment purpose. Indonesia, on the other hand, provides pension loans only based on previously agreed cumulative contributions. Malaysia encourages people across the country to save on severance funds. The pension system is still managed conventionally. Malaysia requires a pension contribution of 23% of the employee’s base salary, while Indonesia requires only 3%. This will affect the contribution of pension funds to the GDP. Malaysia’s pension fund accounts for 60% of GDP. Besides, Indonesia is at only 6.03%. Another view is, to become a developed country, pension funds need to reach 60% of GDP by 2045. Because 42% of the total supply of funds in the infrastructure sector comes from pension funds. The practical implications of this study are access to information, security, and transparency in the management of pension funds through a digital system supervised by the Sharia Regulator (BPS) and the Indonesian government’s efforts to realize that supports the green economy This study integrates the foundations of the TSJE about pension funds management. The limitation of the research study is that more detailed studies and methods are needed to analyze this study. It is expected that this TSJE system will be applied further.</em><em></em></p>

The objective of this paper is to redesign the Indonesian pension fund's business model and management system, and develop new strategies to balance profits, affordability, and sustainability. The authors consider the Malaysian pension system and adapt the INTERDAP application used by PT. Angkasa Pura II. Through this qualitative case study, we apply the foundations of the Triangle Syariah Justice Ecosystem (TSJE) to digitize the pension system and support green investment in the long run by modeling the business strategy, facilitating the business model and supplier relationship management, and creating mutually beneficial management among stakeholders. The study found that Malaysia's pension system has an investment purpose, while that of Indonesia only provides pension loans based on previously agreed cumulative contributions. Malaysia encourages people across the country to save on severance funds, and the pension system is still managed conventionally. Malaysia requires a pension contribution of 23 percent of the employee's base salary, while Indonesia requires a meagre 3 percent. This affects the contribution of pension funds to Gross Domestic Product (GDP), with Malaysia's pension fund accounting for 60 percent of GDP but Indonesia’s accounting for only 6 percent. The authors also consider that to become a developed country, pension funds need to reach 60 percent of GDP by 2045, because 42 percent of the total supply of funds in the infrastructure sector originates from pension funds. The practical implications of this study are on access to information, security, and transparency in the management of pension funds through a digital system supervised by the Syariah Regulator, alongside the Indonesian government's efforts to realize support for the green economy.