INADIS

Annual Report

[2017]
 Table of Contents
ABOUT 3
THE INDONESIAN INSTITUTE OF ADVANCED
INTERNATIONAL STUDIES 3
VISION AND MISSION OF INADIS 4
EVENTS IN COOPERATION WITH EXTERNAL
PARTIES 5
PT Freeport Indonesia (FGD) 5
PT Freeport Indonesia (Seminar) 7
The Embassy of the Kingdom of Belgium (Seminar) 13
NETWORK EXPANSION 17
Embassy of the Hashimite Kingdom of Jordan 17
Shanghai Academy of Social Sciences 20
“GLOBAL FEATURES” ACADEMIC JOURNAL 21
INADIS FINANCIAL UPDATE 24
2017 Financial Overview 24
Operating Results 24
Statement of Financial Position per 31 December ‘17 25
FUTURE PLANS 28

INADIS ANNUAL REPORT 2017 "2

 ABOUT
THE INDONESIAN INSTITUTE
OF ADVANCED
INTERNATIONAL STUDIES


An independent and interdisciplinary government, economic,

and social policy research organization. The institute was developed
with the aspiration to contribute balanced analyses on the mechanisms
of public policy and administration. We strive to provide cutting-edge
solutions and advice on policy and decision making.

The institute is also committed to equally provide information

to educate the wider public on alternative approaches, public policies,
and administration developments that may provide more benefit
to the lives and businesses of Indonesians.

INADIS ANNUAL REPORT 2017 "3

 VISION AND MISSION OF
INADIS

Our Vision
A more empowered Indonesian nation through better
education, welfare, independence, and stronger
domestic and foreign policy at the regional and
international level.

Be the leading research centre for public, social, and

economic policy in Indonesia and Southeast Asia.

Our Mission
Empower the Indonesian nation through extensive
analysis of social, political, and economic
development.

Educate Indonesian communities to be better

informed, independent and socially conscious.

Provide better education for Indonesian institutions

in providing welfare and services for the wider
Indonesian nation.

Inform both the Indonesian society and government

with the latest analysis on foreign and domestic
policies, as well as alternative developmental
dynamics.

INADIS ANNUAL REPORT 2017 "4

 EVENTS IN COOPERATION
WITH EXTERNAL PARTIES
This year, INADIS collaborated with two significant
parties relating to current events in Indonesia.
These parties were PT Freeport Indonesia and
the Embassy of the Kingdom of Belgium.
Between the two mentioned parties,
INADIS successfully held three events,
all towards the end of the year and all including
INADIS internal members as speakers.

PT Freeport Indonesia (FGD)

1. Focus Group Discussion: “Mining Investment Policies”
Date: Monday, 09 October 2017

Location: American Studies Center, Universitas Indonesia, Salemba Campus

Participants: 28 (internal network and scholars)

Speakers:
1. Dra. Suzie Sudarman, M.A., INADIS Founder and Head of American Studies
Center Universitas Indonesia
2. Riza Pratama, Vice President of Corporate Communication at PT Freeport
Indonesia
3. Tony Wenas, President Director of PT Freeport Indonesia

Moderator:
1. Dr.  Maddaremmeng  A Panennungi S.E, Lecturer at the Department of
Economics, Universitas Indonesia, and Researcher at the Institute for
Economic and Social Research

INADIS ANNUAL REPORT 2017 "5

 Summary of Event
The focus group discussion (FGD) was organized to discuss the implication of
Government of Indonesia (GOI)’s decision on PT Freeport Indonesia (Freeport),
which are to change from a contract of work to a special mining permit, to divest
51 percent of Freeport equity, to build a smelter in stages, and to guarantee more
income for the state. Answering the problem of whether the decision will bring
more benefit to Indonesia is not an easy task; one would need to employ a multi-
dimensional approach to that matter. There was no significant outcome from the
FGD, however, two points at least were to be considered for future decision-
making.

First, in terms of economic benefit, Freeport argued that GOI will risk receiving
less state revenue—or worse, to suffer financial loss—if the smelter is continued
to be built. Notwithstanding that, Freeport will keep their promise to build the
smelter if they are given the permit to operate until 2041. Second, all participants
basically agreed that the main challenge for Indonesia in the future is to create a
friendly business climate. 

The unpredictability that is  rife in business process in Indonesia is caused by

many factors, among others, political instability that makes business contracts
less accountable; the coordination between central and local governments that
are not well-connected and mired in misconducts as well as corruption—hence
the question of integrity; and the complexity of development in Papua that needs
special attention  in many aspects, including social and cultural. Therefore, the
Freeport issue is not just about the  economy, but also politics, social, and
culture.  

Additional Information:
This event was a closed event, only open to several members of INADIS’ and
Universitas Indonesia’s internal network. The purpose of this event was for PT
Freeport Indonesia to both provide updates on their latest condition as a
company, and also to obtain input an opinions (especially from scholars)
regarding their special case.

INADIS ANNUAL REPORT 2017 "6

 PT Freeport Indonesia (Seminar)
2. Seminar: “Building A Conducive Business Environment for a
Prosperous Indonesia: the Case of PT Freeport Indonesia”

Date: Wednesday, 11 October 2017

Location: Aryaduta Hotel, Central Jakarta

Participants: 76
o Media : 28
o External parties : 48

Speakers:
1. Dr. Riyatno, SH. LLM., Head of the Legal Aid Center of the Indonesian
Investment Coordination Board (Keynote Speaker)
2. Prof. (Emeritus) Dorodjatun Kuntjara-Jakti, Ph.D., Emeritus Professor at the
Faculty of Economics and Business Universitas Indonesia, Former
Ambassador to the United States, Former Coordinating Minister for
Economic Affairs
3. Ir. H. Fadel Muhammad Al-Haddar, Member of Commission VII of the
Indonesian House of Representatives
4. Ir. Rachman Wiriosudrmo, Mineral Policy Analyst
5. Riaty Raffiudin. Ph.D., Political Analyst and Lecturer at the Department of
Political Science, Universitas Indonesia

Moderator:
1. Tommy Suryopratomo, Senior Journalist, Head of the Editor in Chief Forum

Summary of Event
The Joko ‘Jokowi’ Widodo administration gives the impression that Freeport
agreed to the four points proposed in their negotiation, which are to change
from a contract of work to a special mining permit, to divest 51 percent of PT

INADIS ANNUAL REPORT 2017 "7

 Freeport Indonesia (Freeport) equity, to build a smelter in stages, and to
guarantee more income for the state.  People are discussing what sort of
benefits or ramifications will ensue from whatever decision has made, and
perhaps we may all concur with the notion that it—the decision—should be
directed to the benefit of Indonesians.

A seminar themed ‘Creating a Friendly Business Environment for a Prosperous

Indonesia’ was held in Aryaduta Hotel, Jakarta on 11 October 2017. The seminar
organized by INADIS in partnership with Freeport was aimed at convening
people from diverse backgrounds to discuss the first and foremost question
underlying the issue: is it the right decision to do? On a more specific term, the
discussion was focused on the decision’s impacts on Indonesia’s business
climate. As it has happened, a good business climate can invite more investors,
and more investors in a way could translate into more development and more
poverty reduction in a country.

Riyatno from Badan Koordinasi Penanaman Modal Indonesia (Indonesian

Investment Coordinating Board/BPKM) delivered his opening speech,
emphazing the important role of investment for a country’s economic
development. “There are four key points in that regard [a country’s economic
development], they are consumption, export, state budget, and investment. The
first three points are already maximized; the one that is yet to be fulfilled is the
investment.” But there is an improvement, he said, referring to Indonesia’s
several achievements in The World Bank’s annual indexing book, this year titled
‘Doing Business 2017: Equal Opportunity for All.’

The moderator Tommy Suryapratomo, a senior journalist and the chairman of

Forum Pemimpin Redaksi (Indonesian Chief Editors Forum/FPR), subsequently
led the seminar.

Fadel Muhammad Al-Haddar, member of Commission VII of People’s

Representative Council, proposed some suggestions the government has to
ponder about before concluding the negotiation with Freeport, that are to make
sure the budget for buying the shares is available; to create tax regulations
geared toward friendly business climate; to avoid rent seekers intervening the
divestment scheme; and to make sure that they are buying the management,
tools, technology, organization, and business—not the mine. Fadel also
commented on the recent letter of objection written by Freeport McMoran’s
CEO Richard Adkerson, saying that, “We must be careful not to let this become
a bad precedent for the business climate in Indonesia.”

Following after is Rachman Wiriosudarmo, a mineral policy analyst. He argued

that there will be loss of opportunity in other sectors if the government buys
the Freeport shares through debt financing. He then suggested the government
to instead use the existing resources to further develop the human capital in
Papua. Freeport has brought multiplier effects to the local economy, one of
which through the social transformation. “Freeport is an indigenous
corporation because they have long been there. They should instead be
supported to improve their perforrmance.”

INADIS ANNUAL REPORT 2017 "8

 Another perspective came from the academy. Riaty Rafiuddin, lecturer at
Policial Science Department of Universitas Indonesia (Ilmu Politik UI), said that
the decision was made because the government didn’t only consider about the
business’ interest, but also the local people’s. “It will be hard to build a friendly
business climate if the local people is not involved in the decision-making
process,” she added, “Jokowi therefore would need to conduct an overarching
discussion involving the Papuans, the Papuan government, mineral and mining
associations, and investors as well as the prospective investors.

Meanwhile Dorodjatun Kuntjoro-Jakti, an emeritus professor at UI’s Faculty of

Economics and Business (FEB UI), began his speech with an overview of the
current global trend, which he said is moving toward de-globalization. He
averred that the government’s decision was based on a careful consideration,
that is to provide social protection for Indonesians in the future. “BPJS [National
Social Security System] is a long-term liability, and because it is a long-term
liability, it needs to be matched with a long-term asset, which is the Freeport
because it is the single biggest mining and also the largest source of revenue in
Indonesia.” He predicted that due to the current global phenomenon as well as
the domestic circumstances, most Indonesians risk growing old before
becoming rich, and bearing in mind the declining traditional Asian family values
in Indonesia, the future social protection thus is needed.

Media Exposure

No Title Media Link

http://
mediaindonesia.com
Kelancaran Renegosiasi /news/read/
1 Freeport Berdampak ke ANTARA 126705/kelancaran-
Iklim Investasi renegosiasi-freeport-
berdampak-ke-iklim-
investasi/2017-10-11
https://
metromerauke.com/
Hasil Perundingan 2017/10/11/hasil-
2 Freeport Bakal Metro Merauke perundingan-
Pengaruhi Investasi di RI freeport-bakal-
pengaruhi-investasi-
di-ri/
https://
www.merdeka.com/
Jika negara mengejar uang/jika-negara-
mengejar-
pemasukan, 51 persen
3 Merdeka.com pemasukan-51-
saham divestasi Freeport
persen-saham-
tak menguntungkan divestasi-freeport-
tak-
menguntungkan.html

INADIS ANNUAL REPORT 2017 "9

 http://neccsd-
europe.com/
Menteri Rini: Divestasi menteri-rini-
4 Freeport Harus Berita Indonesia divestasi-freeport-
Rampung Kuartal I 2019 harus-rampung-
kuartal-i-2019-detik-
inet/
http://
bisnis.liputan6.com/
DPR Tak Yakin
read/3124776/dpr-
Perundingan dengan
5 Liputan6.com tak-yakin-
Freeport Bisa Selesai 3
perundingan-
Bulan
dengan-freeport-
bisa-selesai-3-bulan
http://
DPR Tak Yakin www.dailymail.co.id/
Perundingan dengan dpr-tak-yakin-
6 Daily Mail
Freeport Bisa Selesai 3 perundingan-
Bulan dengan-freeport-
bisa-selesai-3-bulan
http://
www.migasreview.co
Iklim Investasi yang m/post/1507721013/
7 Kondusif Patut Jadi Migas Review.com iklim-investasi-yang-
Perhatian Banyak Pihak kondusif-patut-jadi-
perhatian-banyak-
pihak.html
http://
www.sinarpapua.com
Para Pakar Kebijakan
/nasional/para-
8 Publik Mulai Soroti Iklim Sinar Papua
pakar-kebijakan-
Bisnis Indonesia
publik-soroti-iklim-
bisnis-indonesia
http://
bisnis.liputan6.com/
Hasil Perundingan read/3124958/hasil-
9 Freeport Bakal Liputan6 perundingan-
Pengaruhi Investasi di RI freeport-bakal-
pengaruhi-investasi-
di-ri
https://
www.konfrontasi.co
BKPM: Negoisasi
m/content/ekbis/
10 Freeport Pengaruhi Konfrontasi
bkpm-negoisasi-
Investasi
freeport-pengaruhi-
investasi

INADIS ANNUAL REPORT 2017 "10

 https://
www.merdeka.com/
BKPM sebut negosiasi uang/bkpm-sebut-
11 Freeport berpengaruh Merdeka.com negosiasi-freeport-
pada iklim investasi RI berpengaruh-pada-
iklim-investasi-
ri.html
http://
ekonomi.inilah.com/
BKPM Sebut Berkah dari read/detail/
12 Negosiasi Freeport inilahcom 2410374/bkpm-
Effect sebut-berkah-dari-
negosiasi-freeport-
effect
http://
www.republika.co.id
/berita/ekonomi/
BKPM: Investor
makro/17/10/11/
13 Menunggu Hasil Republika.co.id
oxngbf383-bkpm-
Negosiasi Freeport
investor-menunggu-
hasil-negosiasi-
freeport
http://
industri.bisnis.com/
read/
Perundingan
20171011/44/698215/
Pemerintah-Freeport:
perundingan-
14 Fadel Muhammad Industri
pemerintah-
Pesimistis Selesai Dalam
freeport-fadel-
Tiga Bulan
muhammad-
pesimistis-selesai-
dalam-tiga-bulan
http://www.dunia-
Perlu Paradigma Baru energi.com/iklim-
15 dalam Pemanfaatan Dunia Energi investasi-kondusif-
Sumber Daya Alam dukung-program-
pembangunan/
https://
kabarpapua.co/
Iklim Investasi Kondusif iklim-investasi-
16 Menunjang Program KabarPapua.co kondusif-
Pembangunan menunjang-
program-
pembangunan/
http://
www.salampapua.co
Masyarakat Papua Belum m/2017/10/
17 Salam Papua
Dilibatkan Dalam Otsus masyarakat-papua-
belum-dilibatkan-
dalam.html

INADIS ANNUAL REPORT 2017 "11

 http://
www.salampapua.co
Tajuk : Otsus Papua
18 Salam Papua m/2017/10/tajuk-
Berwajah Suram
otsus-papua-
berwajah-suram.html

INADIS ANNUAL REPORT 2017 "12

 The Embassy of the Kingdom of Belgium (Seminar)
1. Seminar: “Indonesian-Belgian Ties: Why the Millennial Generation
Matters”
Date: Tuesday, 07 October 2017

Location: Faculty of Humanities, Universitas Indonesia, Depok Campus

Participants: 68
- Media : 2
- External parties : 64

Speakers:
1. H.E. Patrick Herman, Ambassador of the Kingdom of Belgium to Indonesia
(Keynote Speaker)
2. Valérie Crab, the Innovation Lead for UNICEF Indonesia
3. Maude Biettlot, Junior Professional Consultant, UNDP Indonesia
4. Prof. Makarim Wibisono, Ph.D., Former Europalia General Coordinator and
INADIS Board of Trustees Member
5. Prof. Melani Budianta, Ph.D., Professor of Literature, Universitas Indonesia
Moderator:
1. Amira Waworuntu, M.Si., INADIS Executive Director and Program Officer for
Seminar
Musical Performance:
1. Svara Samsara, Europalia Arts Festival Performer

Summary of Event:
On 7 November 2017, INADIS in partnership with the Embassy of Kingdom of
Belgium to the Republic of Indonesia organized a seminar with the theme of
discussing the Millennial generation potential on an international scale. The
seminar was also conducted in conjunction with the ongoing Europalia Arts

INADIS ANNUAL REPORT 2017 "13

 Festival, which focuses on Indonesia this time around. The seminar held at the
Faculty of Humanities, Universitas Indonesia (FIB UI) invited speakers from
many backgrounds to share their views on the world’s future challenges as well
as the kind of skillsets that are deemed crucial for the Millennials towards solve
them.

H.E. Patrick Herman, Ambassador of the Kingdom of Belgium to the Republic of

Indonesia, prefaced his opening speech with a comment concerning the rising
of divisive issues in some parts of the world, to say nothing of the Brexit vote
and the recent Catalonian bid for independence from Spain. As people become
more connected, the world’s issues are really at ones’ fingertips. With such
profuse information, “It is important to see where the Millennials stand on the
current issue. In theory, technology will make them open-minded and they are
much more critical on issues like democracy and society,” he remarked.

INADIS ANNUAL REPORT 2017 "14

 In a similar vein, Valérie Crab, the Innovation Lead for UNICEF Indonesia, also
mentioned critical thinking as one important skillset for Millennials, which is
especially useful in coping with unfiltered information. She broached a topic
about the future of the job market; “The challenge for Millennials is that we have
to navigate the future job market based on an education that is geared to needs
of the job market 150 years ago.”

Another speaker, Maude Biettlot from UNDP Indonesia, conjured up a rubik’s

cube to analogize what she meant by solving problems with a ‘multi-
dimensional’ approach. By stepping back and looking at the bigger picture, one
might find among the alternatives the best solution to solve problems. She
contended that perhaps there is nothing more urgent than finding ways to deal
with climate change. “The individual and collective survival of all species
depends on it and innovation is one key aspect of solution,” she said.

The seminar took place only a couple of weeks after the official opening of the
Europalia Arts Festival Indonesia 2017 by HE Vice President Jusuf Kalla and HM
King Philippe. Europalia is a 3-month, 300-program festival held in Belgium
from 10 October 2017 until 21 January 2018 and dedicated exclusively to the
invited country’s culture and arts. Coincidentally this year, the festival
specifically highlights Indonesian culture and arts.

Makarim Wibisono, the former General Coordinator of Europalia Indonesia and

INADIS Board of Trustees member, gave his overview regarding the
longstanding friendship between Indonesia and Belgium, emphasizing the
festival’s importance to maintain these ties. “The festival had brought together
various kinds of actors from the two countries, thereby not limited to
government entities.” These diverse of interactions can improve more
understanding between people of the two countries. In addition, he also pointed
out some skills required by the Millennials to survive the future challenges,
which are to be critical thinkers, problem solvers, and innovators.

Also in this part, Melani Budianta, a Professor of Literature Studies at FIB UI,
recounted her experience of introducing Indonesian literature to Belgian
readers during the festival in October. An interesting story comes from a young
Indonesian author named Margareta Astaman, who is also a fruit trader. “Apart
from bringing her books, she also brought coconuts, salak, mangosteen, and
some other local fruits along with her. If you see, these fruits can actually be an
alternative way to open up more interactions with the Belgians.” The story also
suggested that, in her opinion, Millennials may have a tendency to be more
creative and multi-tasking.
The moderator of the seminar, Amira Waworuntu, Executive Director of INADIS,
summed up the fact that critical thinking becomes the underlined theme. The
fact that Millennials are more open towards (access of) information (should) also
make them be able to sharpen their minds when coming across such
information. All should be taken with a grain of salt. Before diving into a certain
issue; first we must step back and assess the issue at hand critically, not
forgetting to include previous generations as our mentors.

Last but not the least, the participants were entertained with a special
performance by Svara Samsara, an Indonesian percussion group, which blend
together traditional and contemporary music and art through their

INADIS ANNUAL REPORT 2017 "15

 performance. The group will also perform at the Europalia Festival in Belgium in
December 2017.

Media Exposure

No Title Media Link

1. http://
www.thejakartapost
.com/news/
2017/11/09/critical-
thinking-key-
Critical thinking The skillset-
1 key skillset for Jakarta millennials.html
millenials Post (Premium Content)

2. Print Version
(Scan Attached
below)

INADIS ANNUAL REPORT 2017 "16

 NETWORK EXPANSION
In addition to hosting events along with external
parties, in 2017, INADIS also had several encounters
with other significant parties. Those worth mentioning
are the Embassy of the Hashimite Kingdom of Jordan,
and the Shanghai Academy of Social Sciences.

Embassy of the Hashimite Kingdom of Jordan

In mid-August of 2017, INADIS visited the Embassy of the Hashimite Kingdom of
Jordan, located in South Jakarta. The purpose of the visit was to expand networking
and also gain knowledge on the necessities of information needed by (several)
Embassies. INADIS was also able to obtain an interview with H.E. Mr. Walid Abdel
Rahman Jaffal Al Hadid, Ambassador of  the Hashimite Kingdom of Jordan (attached
below and available on the INADIS website).

Participants:

INADIS Internal Parties:

1. Amira Waworuntu, M.Si., INADIS Executive Director

Embassy of the Kingdom of Jordan:

1. H.E. Mr. Walid Abdel Rahman Jaffal Al Hadid, Ambassador of the Hashimite
Kingdom of Jordan.

Interview with Ambassador:

Despite the many geological, cultural, and demographic differences between the
Republic of Indonesia and the Hashemite Kingdom of Jordan, the countries share many
similar values that have strengthened bilateral relations for many decades. As stated by
His Excellency Mr. Walid Al Hadid, Ambassador of the Hashemite Kingdom of Jordan to
Indonesia, those similarities are the driving forces of a better relationship. One of the
first issues that came up for discussion was regarding both countries commitment to
combat terrorism and defend the true image of Islam. “Like Indonesia, we (Jordan) want
to root out extremism and defend the true image of Islam.”

INADIS ANNUAL REPORT 2017 "17

In addition to defending the notions of Islam, the two countries have adopted a policy of
non-interference; both work hard to bring about more stability and peace to their
regions. Both also feel a responsibility and duty towards the international community.” It
is here we can see the hopes of an Ambassador in disseminating universally accepted
values in order to bring the most geographically distant nations closer together even.  In
addition, he states that both countries have a duty to bring about more stability and
peace on an even larger scale, towards the international community.

Friendly bilateral ties between Jordan and Indonesia have been quite strong since the
1950s. This special friendship from Jordan’s leadership has continued regardless of who
is at the helm in Indonesia. As the Ambassador puts it “Our relationship is strategic and
not personal.” A keyword that keeps on popping up during the interview was
“complimentary”, both in political and economic coordination. For example, Jordan is
able to produce massive amounts of phosphate, fertilizers and industrial salt; things that
Indonesia minimally produces independently. On the other hand, Jordan’s topography is
lacking in trees and sea commodities. Therefore, Indonesia steps in with its plywood
and fishery export. All this takes place without being at the expense of local industries
in both countries. With complimentary economic interactions, both countries are able
to sustain local businesses, while also contributing to the international exchange of
goods. “Our relationship with Indonesia will always be a win-win situation and the sky is
the limit for our cooperation.”

When it comes to politics, in 2014 both countries signed an MOU for political
consultation which took place on the sidelines of His Majesty King Abdullah II’s visit to
our country. In terms of security, a crucial agenda mentioned by Mr. Al Hadid was the
combating of global terrorism. In addition to top-tier interactions, people-to-people
relations are also encouraged through higher education, tourism and trade. “We
encourage more students to come and study in Jordan.”

When asked about challenges in doing business with Indonesia, Mr. Al Hadid instead
praised the Widodo administration in overcoming bureaucracy and legislative hurdles.
“A lot has been done by the Indonesian government to find solutions; the business
community is happy that the current administration is working to boost investment.”

All in all, Indonesia and Jordan continue to cultivate a peaceful partnership.

Unfortunately the current state of warfare in neighboring countries has had a huge
impact on Jordan’s economy. Over one million three hundred thousand Syrian refugees
have fled to Jordan, a nation of limited space and resources, and the international
community has yet to give an appropriate response. Driven by the spirit of peace and

INADIS ANNUAL REPORT 2017 "18

goodwill, Jordan has opened its arms towards those in need. However, Mr. Al Hadid has
expressed great concern regarding this issue.

INADIS ANNUAL REPORT 2017 "19

 Shanghai Academy of Social Sciences
On Tuesday, 14 November 2017, INADIS hosted delegates from the Shanghai
Academy of Social Sciences who were eager to learn more about the Indonesian
perspective in regards to the Belt and Road Initiative. The meeting was closed to the
public and was only intended for INADIS internal parties.

Participants:

INADIS Internal Parties:

1. Dra. Suzie Sudarman, M.A. , INADIS Founder and Head of Board of Trustees
2. Glenn Bruce, B.A., INADIS Board of Trustees
3. Prof. Dorodjatun Kuntjara-Jakti, Ph.D., INADIS Board of Trustees
4. Amira Waworuntu, M.Si., INADIS Executive Director
5. Valerian Timothy, MPP., INADIS Researcher

SASS Delegations:
1. XU Mingqi, Former Deputy Director, Research Professor, Institute of World
Economy
2. SHEN Yuliang, Head, Research Professor, Office of International Trade
Research, Institute of World Economy
3. WANG Bin, Deputy Director, General Office, The Committee of Education,
Technology and Culture, Shanghai Municipal People’s Congress
4. LU Junrong, Deputy Director, Research Professor, Office of Think Tank
Construction Coordination
5. Sutarman, Travel Guide and Translator for SASS Delegations

INADIS ANNUAL REPORT 2017 "20

 “GLOBAL FEATURES”
ACADEMIC JOURNAL
The Global Features academic journal had undergone
several changes of timeline and organizational
structure during the year. The journal is scheduled to
be published annually every March and September.

I. Overview
Due to time constraints as well as limited submission, the management decided to
make the initially quarterly journal to a bi-annual journal. The journal is scheduled to
be published annually every March and September.

There were at least two publication postponements during the course of the year:

• The first postponement was due to limited subsmission. The journal was
initially planned to be published on March 2017, but was deferred until
December 2017 in order to solicit more submissions.

• The second postponement was due to change of organizational structure. The

journal that was supposed to be published on December 2017 was further
postponed until March 2018. The new Managing Editor decided to postpone
the publication because the previous editor had not yet sent the submissions
to the Editorial Board for selection process, hence that it would take more
time for review.

To date the submissions have received feedbacks from the Editorial Board and are
now under the review of the peer reviewers. The journal is planned to be published at
the beginning of March 2018 (please refer to attached timeline below).

INADIS ANNUAL REPORT 2017 "21

II. Organizational Structure

Editor-in-Chief
• Suzie Sudarman, M.A.

Editorial Board
• Dr. Makarim Wibisono
• Dr. Fredy B.L. Tobing
• Pierre Lizée, Ph.D.
• Kenton Clymer, Ph.D.

Managing Editor
• Aldrin Sampeliling, S.I.P.
 
Editorial Team
• Amira Waworuntu, M.Si.
• Valerian Timothy, M.P.P.

Peer Reviewer
• Dr. Adrianus L.G. Waworuntu, M.A.
• Dra. Nurul Isnaeni, M.A.

III. Timeline

INADIS ANNUAL REPORT 2017 "22

IV. Call For Papers E-Flyer

GLOBAL
FEATURES

CALL FOR PAPERS

Terms and Conditions
1. Article has never been published in any form of publication,
either print or online.
2. Length of manuscript consists of 3000-5000 words in A4 format
with 1,15 spacing and normal margins (2,54cm).
3. Article must be accompanied by abstracts of 100-300 words in
both Indonesian and English, complete with keywords.
4. Article must use in-text citation and a reference list that refers to
the Harvard/APA Style.
5. Authors are required to submit a short resume and current photo.

Article Submission
Please send a softcopy version of the article in .doc/.docx format
via email to globalfeatures.submissions@gmail.com with the
email subject [Submission] Name_Article Title.

About Global Features

The Global Features Online Journal is

a scientific bi-annual publication of
the Indonesian Institute of Advanced
International Studies that contains
articles written by researchers with
the same vision and mission. It is
Menara Sentraya 18th Floor, Unit B2
committed towards presenting itself
Jl. Iskandarsyah Raya No. la
as an independent entity that provides
Blok M, Kebayoran Baru, Jakarta, Indonesia
alternative viewpoints on topics
relating to the policy-making process Telephone: +62 21 2788 1938
and governance.  Fax: +62 21 2788 1768
Email: info.inadis@gmail.com
The purpose of establishing this Website: www.inadis.org
journal is to share knowledge in an
effort to improve the livelihood of the
Indonesian people through various
thoughts and analyses.

INADIS ANNUAL REPORT 2017 "23

 INADIS FINANCIAL UPDATE

2017 Financial Overview

INADIS was established with a capital of IDR 11,394,000.00. Given there is still no
significant contribution towards INADIS’ financial position; most of the funds used
for the operational and project activities to date were fully supported from
shareholder(s) loans, Grants/funding from Clients, and Adyatmika Sakti Nusantara’s
facilities and infrastructure (since we share the same office space as the company).

Operating Results
Revenues
In 2017, INADIS received IDR 84,600,000.00 in funds to facilitate Seminars. We also
received reimbursement for the amount we paid in advance to facilitate a Focus
Group Discussion, amounting to IDR 13,150,000.00. A total of IDR 307,079,333.00
was also received from Shareholder’s loan.

Operating Expenses
Operating expenses cover all the direct cost of running projects as well as our
management and general fund raising costs.
Total operating expenses as of 31 December 2017 amounted to IDR 363,416,130.45 of
which:
- IDR 308,283,980.45 was for Operation Expenses
- IDR 55,132,150.00 was for Project Expenses

Total Income from operation amounted to IDR 278,816,130.45 (= total operating

expenses – grants/funding: IDR 363,416,130.45 – IDR 84,600,000).

Net profit/loss (before tax) amounts to IDR 279,318,003.65 (= income from operation
+ total other income and expenses).

Statement of Financial Position

INADIS’ total assets were IDR 39,175,278.35 as of December 31, 2017. Current
liabilities are made up largely of accounts payables. Due to low level of accounts
receivable, accounts payables have been increasing. As of 31 Dec 2017, total
accounts payables reached IDR 307,099,282.00 (shareholder’s loan + Tax payable).
Therefore the total liabilities equals to IDR 307,099,282.00.

INADIS’ equity is IDR 11,394,000, whereby the current earning of the year is minus
IDR 279,318,003.65. Therefore, INADIS’ total equities amount to minus IDR
267,924,003.65 (=current earning – equity).

INADIS ANNUAL REPORT 2017 "24

Statement of Financial Position per 31 December ‘17
INCOME FROM EVENTS
No Date Event Revenue
(IDR)
FGD:
1 9 Oct 2017 Mining Investment 13,150,000.00
Policies
Seminar:
Building a Conducive
Business Environment for
2 11 Oct 2017 68,700,000.00
a Prosperous Indonesia:
the Case of PT Freeport
Indonesia
Seminar:
Indonesian-Belgian Ties:
3 7 Nov 2017 15,900,000.00
Why the Millennial
Generation Matters

INCOME (LOAN) FROM SHAREHOLDERS

No Month Loan (IDR)
1 January 43,560,000.00
2 February 52,000,000.00
3 March 15,100,000.00
4 April 29,431,600.00
5 May 24,000,000.00
6 June 41,928,333.00
7 July 22,620,00.00
8 August 29,870,000.00
9 September 2,500,000.00
10 October 0.00
11 November 23,450,000.00
12 December 22,620,000.00
Total 2017 Contribution 307,079,933.oo
Existing Contribution (Dec. 2016) 11,394,000.00
Total Shareholder Contribution 318,473,933.00
(2016-2017)

INADIS ANNUAL REPORT 2017 "25

INADIS ANNUAL REPORT 2017 "26
INADIS ANNUAL REPORT 2017 "27
 FUTURE PLANS

Social Media Activation

INADIS has taken steps to enhance our presence in the social media realm by signing up
for a Facebook account (INADIS Foundation) and Instagram account
(@inadisfoundation), improving engagement with our followers.

INADIS Update Newsletter

INADIS has started to send electronic newsletters to our Board members, researchers,
and database obtained from events on the latest website posts and INADIS events. The
newsletter named “INADIS Update” is sent via MailChimp (a free marketing automation
platform) and will appear in the “Promotions” section of the inbox. So far, the content
has mostly composed of events information, blog updates and intern reports.

Research and Seminar Projects

Hand-in-hand with INNOVUZ (sister company of INADIS that specializes in Surveys and
Big Data Mining Analysis), INADIS plans to continue working on research and seminar
projects throughout 2018. Our nearest project has been commissioned by PT Freeport
Indonesia and will collaborate with Natural Resource Policy Development Center
(NRPDC). This particular project is still in the proposal drafting stage.

Perspektif Ekonomi Politik Newsletter

A monthly subscription in the form of an 8-10 page newsletter to be disseminated
among customers for a fixed price. INADIS researchers will write scholarly articles,
equipped with the latest data in the form of graphics and tables so that messages can be
delivered more effectively.

INADIS ANNUAL REPORT 2017 "28