PEMBATALAN BERBAGAI PERATURAN DAERAH YANG MEMPENGARUHI PELAYANAN PUBLIK DUNIA BISNIS DAN INVESTASI TINJAUAN EKONOMI DAN BISNIS

This article discusses about the cancellation of various local regulations by the Central Governmentin Jakarta which is inhibited the rate of investment in local region. It is contrary to higher level ofregulations and is contrary to the public interest. According to Act (UU) No. 23 year 2014 aboutLocal Government, the regional policies (Perda or Perkada) can be cancelled by the CentralGovernment (Minister of Home Affairs) totally and/or partially. The Ministry of Home Affairsissued instruction of Minister of Home Affairs No. 582/476/SJ on February 16th, 2016 aboutrevocation/changing of Local Government Regulations (Perda) and announced the cancellation ofvarious local regulations including Perda in Regencies, City and East Nusa Tenggara Province.The Central Government had cancelled 3,143 of Perda including 45 of Perda in City and Regenciesin East Nusa Tenggara. The used method for discussion in this article is data compilation studyfrom another articles written by the author previously. Investigation showed that the RegionAutonomy Policies was suspected increasing the transaction cost in investing process both foreigninvestment and domestic investment. Investors who applied the licensing faced many charges whichare relatively greater than before decentralized authority. In addition, the services by investmentorganization authority in the region charged uncertainty cost and time of completion of the licensingprocess. Therefore, the Central Government evaluated the various local regulations which hamperinvestment in the local area. Cancellation of various Perda by the Central Government impacted oneconomic and business sectors in reducing bureaucracy regulatory barriers and the number ofcharges which burden the business sector, thus it will encourage investment in the region. However,the cancellation has reduced local government’s authority for gaining financial from Perda thatwill reduce the regional revenuesKeywords: Local regulations,busines sector, public services, investmen

KINERJA KEUANGAN DAN NILAI PASAR PERUSAHAAN ROKOK YANG TERDAFTAR DI BURSA EFEK INDONESIA

This study aims to explain the Financial Performance (Current Ratio, Total Asset Turnover, DebtTo Equity Ratio, Return On Asset) and Market Value of the company (Earning Per Share) in thetobacco industry listed on the Indonesia Stock Exchange period 2012-2016. This research describesthe company financial condition through a quantitative approach in the form of Financial Ratiosand Market Value. Financial Performance is viewed from (1) Current Ratio for PT. GudangGaram, Tbk (GGRM) and PT. Bentoel International Investama, Tbk (RMBA) are not liquid.While PT. Handjaya Mandala Sampoerna, Tbk (HMSP) is in a liquid condition (2) TotalAsset Turnover PT. Gudang Garam, Tbk (GGRM) and PT. Bentoel International Investama, Tbk(RMBA) are in an inefficient category. While PT. Handjaya Mandala Sampoerna, Tbk (HMSP) isin the efficiency category. (3) Debt To Equity Ratio for tobacco companies are in the solvablecategory. (4) Return on Asset PT. Gudang Garam, Tbk and PT. Bentoel International Investama,Tbk (RMBA) are in the category not efficient. While PT. Handjaya Mandala Sampoerna, Tbk isin the efficiency category. (5) Earning per Share PT. Gudang Garam, Tbk (GGRM) and PT.Handjaya Mandala Sampoerna, Tbk (HMSP) are in the good category. While PT. BentoelInternational Investama, Tbk (RMBA) is in the not very good category.Keyword : Current Ratio, Debt To Equity Ratio, Earning Per Share, Return On Asset, Total AssetTun Ove