scholarly journals TRADITIONAL PROCUREMENT Vs PUBLIC, PRIVATE PARTNERSHIP MODEL – A Solution Based Approach for Indian Sub Continent

2020 ◽  
Vol 12 (1) ◽  
Author(s):  
Krishnan Sampath ◽  
Panchanatham Natarajan
Keyword(s):  
Stock Exchange ◽  
National Development ◽  
Radical Change ◽  
Infrastructure Development ◽  
Demand Model ◽  
Economic Activities ◽  
Partnership Model ◽  
Private Participation ◽  
Private And Public ◽  
Infrastructure Investments

Infrastructure development creates enough economic activities and development that have direct impact on socio economic development and overall national development. However, the role of traditional procurement / government spending on this sector has been under tremendous stress due to limited availability of resources. Public and private model and 100% private investments have been in vogue since couple of decades. The empirical government data projects a negligible or poor contribution of private sector, for various reasons though. The infrastructure gaps are still large and bridging those gaps will require tackling several problems, in terms of additional. This paper evaluates the current investment scenario and provide for radical changes in thought process and approach towards improving private participation in nation infrastructure building. One such approach is creating a national stock exchange for all private and public infrastructure investments and tagging this segment with organised industry profile. A CaaS (Construction As A Service) concept is being proposed to effectively utilise the limited resources and to avoid overlapping wasteful expenditures through pooling and shared services and on demand model. While it is not imperative to impress upon the establishment and public alike about the importance of private participation in infrastructure investments, it is order of the day to convince them about the real return on investments that they would commit. Similarly, bringing in public at large to participate in investing in infrastructure, a radical change will happen for good and the nation progress.

scholarly journals The Influence of Exchange Rate, World Oil Price, and BI Rate on Airline Companie’s Return in Indonesian Stock Market

2019 ◽  
Vol 3 (3) ◽  
pp. 321
Author(s):  
Yonatan Alvin Stefan ◽  
Robiyanto Robiyanto
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
National Development ◽  
Oil Price ◽  
Infrastructure Development ◽  
Daily Data ◽  
Analysis Technique ◽  
The Us

In an effort to support the economic growth of Indonesia, an infrastructure development is carried out to achieve the national development. It brings positive influences on transportation companies in Indonesia. Many companies list their shares to Indonesia Stock Exchange, including PT. Garuda Indonesia (Persero) Tbk (IDX code: GIAA) and PT. AirAsia Indonesia Tbk (IDX code: CMPP), aiming to have additional capital sources. The two companies can be such a reference for investors to make investments, but they still need to consider the macro factors attached. This study examines the influende of exchange rate, world oil price, and Bank Indonesia (BI) rates on the GIAA and CMPP stock returns. The analysis technique used was Generalize Autoregressive Conditional Heteroscedasticity (GARCH) and daily data starting from their IPO to February 28th, 2019. The results showed that the exchange rate negatively affected the GIAA and CMPP stock returns, while the world oil prices only negatively affected the CMPP stock return, and the BI rates only negatively affected the GIAA stock return. In general, the investors are suggested not to buy the GIAA and CMPP shares when the IDR exchange rate weakens against the US dollar exchange rate.

Cambodia’s Economic Development Strategy Policy’s Problem: -Case of Road Network-

2018 ◽  
Vol 34 (5E) ◽  
Author(s):  
Nguyen Anh Thu
Keyword(s):  
Development Strategy ◽  
Road Network ◽  
Good Condition ◽  
National Development ◽  
Dry Season ◽  
Development Plan ◽  
Infrastructure Development ◽  
Economic Activities ◽  
Rural Road ◽  
National Road

The upcoming Cambodia national election on July, 2018; the Sixth Legislature of the National Assembly will be officially born and also the next national development plan. At the present time, the five years development plan called National Strategic Development Plan 2014-2018 (NSDP 2014-2018) is being implementing. NSDP is one of the most important strategy, a five year economic plan, was established since 1996. NSDP roles as road map of government to implementing its policy, and identify the upcoming challenge and issue. The Road infrastructure rehabilitation is a priority agenda in NSDP. In NSDP 2014-18, Cambodia’s road network measured approximately 50,000 km, and 11,618 km was paved. However, Cambodia still lack of physical infrastructure, and the existing infrastructure is in poor state [1] For instate, the National road and Provincial road are paved with mostly DBST and concrete, but rural road mostly paved with literal and earth. Some national road can stand with bother raining and dry season, but rural road can be use only dry season. Most of National Road networks have been rehabilitated and are now in good condition. In contrast, rural road network of approximately 33,005 km is still paved by earth. Rural road connecting economic activities from rural area to urban through connecting with provincial road and national road. The bad health of rural road will reduce chance for rural people from gaining benefit from economic growth.   [1] Sum, M. (2008), ‘Infrastructure Development in Cambodia’, in Kumar, N. (ed.), International Infrastructure Development in East Asia – Towards Balanced Regional Development and Integration, ERIA Research Project Report 2007-2, Chiba: IDE-JETRO, pp.32-84.    

scholarly journals Toward an innovative approach of financing infrastructure in Asia

2018 ◽  
Vol 2 (1) ◽  
pp. 87
Author(s):  
Aladdin D. Rillo ◽  
Zulfiqar Ali
Keyword(s):  
Spillover Effects ◽  
Infrastructure Investment ◽  
Infrastructure Development ◽  
Asian Countries ◽  
Fiscal Constraints ◽  
Balanced Approach ◽  
Public Resources ◽  
Private And Public ◽  
Infrastructure Investments ◽  
Financing Infrastructure

Infrastructure development is critical for sustaining Asia’s economic growth. Unfortunately, huge financing gaps—estimated by a recent Asian Development Bank study to be USD22.5 trillion—constrain the ability of most emerging Asian countries to fully realize the benefits of infrastructure development. For instance, over 70% of infrastructure investments in Asia are still funded by public resources, which pose acute financing challenges for many countries with limited budgets and fiscal constraints. This paper discusses some of the challenges associated with public financing of infrastructure projects in emerging Asian countries, before introducing some new options for alleviating their infrastructure investment needs. In particular, it proposes a new approach to infrastructure financing by utilizing the spillover effects of infrastructure investment, where additional revenues generated from such investment can be channeled back to investors as subsidy to increase the returns to their investment. The paper also argues the need for Asian countries to implement fiscal reforms and to develop a more balanced approach to financing, one that involves both the private and public sector. 

scholarly journals URGENCY OF BUMN HOLDING IN SECTOR IMPROVEMENT LAND AND AIR TRANSPORT SERVICES

2018 ◽  
Vol 47 (2) ◽  
pp. 89
Author(s):  
Boby Wilda Estanto
Keyword(s):  
Public Transportation ◽  
Service Sector ◽  
National Development ◽  
The State ◽  
Air Transport ◽  
Infrastructure Development ◽  
Economic Activities ◽  
Consumer Expectation ◽  
Positive Law ◽  
Transport Services

Since Indonesian independence until now, state-owned enterprises have played a significant role in infrastructure development as well as the state's economy. The State conducts economic activities in the framework of the implementation of Article 33 of the 1945 Constitution. State-Owned Enterprises (BUMN) is a business entity wholly or largely owned by the state, through direct participation derived from separated state assets. If linked to the sector of land and air transport services, it can be seen from the facts in the field that the needs of public transportation is a requirement of society that continues to grow in accordance with the increasing level of community life. In this case, the service factor remains the preferred and planned in realizing consumer expectation and desires where seen in the fact that service in the field of land transportation sector and also air transportation tends to be minimal and not maximal yet. However, the availability of infrastructure is one of the vital aspects in accelerating the process of national development in various fields. The economic growth rate of a country can not be separated from the availability of infrastructure as a whole which is the foundation of sustainable economic development. Based on this matter, that in the future needed effort of holding state-owned enterprises in the framework of improving infrastructure, especially in the field of air transport and land transportation. The purpose of this writing is to describe the holding of SOEs from the perspective of law and SOE holding solutions in order to improve the service sector of land and air transport. The research method used in this study is a normative approach or a conseptual approach. The type of research used in this study is normative legal research, ie research focused on assessing the application of norms or norms in positive law regarding the holding of SOEs.

KUALITAS PELAYANAN DALAM PEMBANGUNAN INFRASTRUKTUR DI KECAMATAN CIAWI, KABUPATEN BOGOR

2018 ◽  
Vol 4 (2) ◽  
pp. 101
Author(s):  
Muhamad Alfian ◽  
Nandang Saefudin Zenju ◽  
Irma Purnamasari
Keyword(s):  
Quality Of Service ◽  
National Development ◽  
Infrastructure Development ◽  
National Unity ◽  
The People ◽  
Driving Wheel ◽  
Alternative Routes ◽  
The City ◽  
Quality Infrastructure

Infrastructure development is an integral part of national development and the driving wheel of economic growth. Infrastructure also has an important role in strengthening national unity and unity (Bappenas: 2009). The banjarwaru, banjarwangi, and telukpinang highways are the access roads traversed by 8 villages including alternative routes for the cicurug-sukabumi area. This road is always passed by the people who headed to the city. Therefore, the benefits of this road is very important because it is often passed from the cicurug-sukabumi area due to the diversion of traffic flow so that the intensity of high road users.In this study the author uses the theory of Ridwan and Sudrajat. Quality of service is the level of incompatibility between expectations with customer desires and also the perceptions of these customers. Quality of service here can be assessed by looking at the dimensions. These dimensions include the quality of service, the ability of officials, and service convenience. During the observation to the community through the survey to direct approach with the community, most people complained that the development service to build the kecamatan should be further improved and the results of this study showed that the Quality Assessment of Service in Road Infrastructure Development in Ciawi Sub-district Bogor Regency is categorized Fair Good this is because the assessment of the quality of development services by the Subdistrict Apparatus itself and from the community assess the ability of District Officers still have to be improved in conducting the service and its implementation.Keywords: Service Quality, Infrastructure Development.

scholarly journals WASH Financial and Social Investment Dynamics in a Conflict-Arid District of Jariban in Somalia

2021 ◽  
Vol 13 (9) ◽  
pp. 4836
Author(s):  
Wonder Mafuta ◽  
Jethro Zuwarimwe ◽  
Marizvikuru Mwale
Keyword(s):  
State Government ◽  
Random Number Generator ◽  
Limited Resource ◽  
Infrastructure Development ◽  
Group Discussions ◽  
Sanitation Services ◽  
The Social ◽  
Access To Water ◽  
Infrastructure Investments ◽  
The Government

The paper investigated the social and financial resources’ interface in WASH programmes for vulnerable communities. Nineteen villages were randomly selected from the Jariban district in Somalia using the random number generator based on the village list. Data was collected in a sequential methodology that started with transect walks to observe and record the WASH infrastructure. Thirty-eight focus group discussions and desktop reviews triangulated transact walk recordings. The findings indicate minimum to zero investments towards WASH infrastructure in Jariban from the state government, with more dependency on the donor community. The study revealed that resources for the construction of latrines and water sources come from the following sources, NGOs (54.3%), diaspora community (34.5%) and community contributions (11.2%). The findings revealed a backlog in the WASH infrastructure, resulting in low access to water supply and sanitation services. The results demonstrate limited resource allocation by both the government and community, affecting the WASH infrastructure’s sustainability and further development. Due to the backlog in investments, particularly on improved latrines, it is concluded that their usage is low and a hindrance to having access to sanitation, hygiene and water as per the SDG goals, of leaving no one behind. While investment towards WASH in Jariban demonstrates multiple potential sources, there is a need to strengthen domestic resource mobilisation and explore governments’ role and capacity to secure WASH infrastructure investments. It is also recommended to explore how to tax the remittances to fund WASH infrastructure development and the private sector’s role in WASH infrastructure investment.

Africa’s prospects for infrastructure development and regional integration: energy sector

2017 ◽  
Author(s):  
Ethèl Teljeur ◽  
Mayuree Chetty ◽  
Morné Hendriksz
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Resource Planning ◽  
Energy Sector ◽  
Energy Planning ◽  
Infrastructure Development ◽  
Energy Infrastructure ◽  
Regulatory Frameworks ◽  
Self Sufficiency ◽  
Infrastructure Investments

Energy sector development is required to enable greater regional economic integration (harmonization of legal and regulatory frameworks for energy, coordination of energy infrastructure investments, etc.) in Africa. This can address problems associated with fractured energy infrastructure investment and allowing African nations to develop more shared facilities. In addition, regional integration facilitates trade of energy resources and services via sub-regional power pools. Despite the current attempts to integrate regional infrastructure via power pools, actual trade within these pools is low, and the opportunity to derive efficiencies from integrated regional resource planning is missed in favour of national plans. Different stages and design of energy market liberalization or (re-) regulation and the desire for energy self-sufficiency (“security of supply”) hinder the development of bilateral or multilateral projects. Investment in interconnection capacity is required to facilitate intra-power pool trade and achieve the efficiencies associated with the pooling of demand and integrated energy planning.

scholarly journals Making Smart and Sustainable Infrastructure Projects Viable: Private Choices, Public Support, and Systems Constraints

2017 ◽  
Vol 2 (3) ◽  
pp. 18-32 ◽  
Author(s):  
Douglas Noonan ◽  
Shan Zhou ◽  
Robert Kirkman
Keyword(s):  
Public Perception ◽  
Public Support ◽  
Green Technologies ◽  
Public And Private ◽  
Private Interests ◽  
Public Survey ◽  
Private And Public ◽  
Infrastructure Investments ◽  
Individual Use ◽  
The One

Sustainable cities will require major infrastructure investments coupled with widespread behavioral change. Examples of smart, green technologies abound, but evidence for actual use lags. This partly owes to the tension between public support and private choices: individuals thinking as members of the public may see solutions as smart for the city, but thinking of their private interests may see those same solutions as not smart for themselves. This also owes to the disconnect between private and public choices, on the one hand, and the workings of complex systems, on the other. Even if public and private interests align, existing built environment systems may resist change. This article examines public perception and use of the Atlanta BeltLine, a pioneering sustainability initiative to transform the auto-dependent city into a greener, denser city. Analyzing a general public survey reveals widespread support for the BeltLine alongside reticence from residents to change their commute or greenspace use. The findings also show that drivers of public support and prospective use of the BeltLine differ. Public support may be insufficient if individual use decisions do not follow. Yet, private adoption decisions may not follow until and unless the systems in which they are embedded are already changing.

scholarly journals Effects of Infrastructure Development, Inflation and Economic Growth to Performance Company (ROA, Tobin's Q, PBV): Study on Registered Infrastructure Support Companies in IDX Period 2014-2019

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Eko Sarjono ◽  
◽  
Kartika Hendra Titisari ◽  
Supawi Pawenang
Keyword(s):  
Economic Growth ◽  
Performance Measurement ◽  
Financial Performance ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Infrastructure Development ◽  
Tobin’S Q ◽  
Tobin's Q ◽  
The Impact

The financial performance can be used as a benchmark of the ability of an organization or company in achieving its goals. Performance measurement is one of the most important factors for an organization or company, performance measurement is a process of measuring the extent to which a company does work to achieve its goals. The research investigated the impact of infrastructure, economic growth and inflation on financial performance of infrastructure support companies listed in Indonesian Stock Exchange Period 2014-2019 which is proxied by ROA (Return on Assets), Tobin’s Q and PBV (Price to Book Value). The population of this research was the infrastructure support companies listed on the Indonesian Stock Exchange period 2014-2019. Research sampling was conducted using The Purposive Sampling Method. The data analysis was camed out using classical assumption test, multiple linear regression analysis, t-test, F-test and determinan (R2) test with SPSS 21. The research finding showed that the model has an effect on the financial performance as proxied by ROA. So the results of the hypothesis test show that: (1) Infrastructure development has a negative and significant effect on ROA. (2) The inflation rate has a positive and significant effect on ROA. (3) Economic growth has no significant effect on ROA. Meanwhile, the model has no effect on financial performance which is proxied in Tobin's Q and PBV.

scholarly journals Use and Limitations of the Reserve Requirement Policy in Montenegro

2014 ◽  
Vol 3 (2) ◽  
pp. 5-20
Author(s):  
Velibor Milošević
Keyword(s):  
Economic Activity ◽  
Positive Impact ◽  
Stock Exchange ◽  
Banking System ◽  
Policy Instrument ◽  
Transmission Mechanism ◽  
Demand Model ◽  
Reserve Requirement ◽  
Lending Activity ◽  
The Impact

Abstract Since reserve requirement is the only monetary policy instrument used in Montenegro, it has been subject to frequent amendments since the global crisis outbreak. The analysis of the monetary demand model showed that there is an active transmission mechanism of change in the reserve requirement rate on the deposits trend reflects on lending activity. Also, there is a significant impact of FDIs on deposits trending in the banking system, as well as the positive impact of turnover on stock exchange on the deposits and loans trend. Finally, it was found that the financial crisis has caused negative trends in loans and deposits. On the other hand, the impact of changes in the reserve requirement on the economic activity in Montenegro could not be determined. This is primarily due to the fact that the transmission mechanism of the effect of reserve requirement on economic activity is too long to be able to estimate the model that does not allow the dynamics of the independent variables. The second reason is that industrial output index is only an indirect indicator of the economic activity.

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