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
$GDQ\D SXWXVDQ 0DKNDPDK $JXQJ \DQJ PHQJKXNXP GU %DPEDQJ 6XSUDSWR 6S06XUJ PHQJXQDNDQ3DVDO8QGDQJ8QGDQJ1RPRU7DKXQWHQWDQJ3UDNWHN.HGRNWHUDQ\DQJ VHEHOXPQ\D WHODK GLEDWDONDQ ROHK 0DKNDPDK .RQVWLWXVL GHQJDQ VHQGLULQ\D WHODK PHPEXNWLNDQ EDKZD 0DKNDPDK $JXQJ WHODK PHQJHVDPSLQJNDQ SXWXVDQ FRQVWLWXWLRQDO UHYLHZ 0DKNDPDK .RQVWLWXVL 7XOLVDQ LQL PHQFRED XQWXN PHQMXVWL¿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¿QDO XQWXN PHQJXML 8QGDQJXQGDQJ WHUKDGDS 8QGDQJ8QGDQJ 'DVDU PHPXWXV VHQJNHWD NHZHQDQJDQ DQWDU OHPEDJD QHJDUD \DQJ NHZHQDQJDQQ\D GLEHULNDQ ROHK 8QGDQJ 8QGDQJ 'DVDU PHPXWXV SHPEXEDUDQ SDUWDL SROLWLN GDQ PHPXWXV SHUVHOLVLKDQ KDVLO
SHPLOLKDQXPXP % H U G D V D U N D Q 3 D V D O & $\ D W 88'15,WHUVHEXWGDSDWGLOLKDWEDKZD NHZHQDQJDQXQWXNPHODNXNDQFRQVWLWXWLRQDO UHYLHZGLWHJDVNDQSDGDSRLQSHUWDPD+DOLQL PHQJDQGXQJ DUWL EDKZD NHZHQDQJDQ 0DKNDPDK .RQVWLWXVL \DQJ SDOLQJ XWDPD LDODKPHODNXNDQFRQVWLWXWLRQDOUHYLHZ 7HUGDSDWVDWXKDOLVWLPHZDGDULOHPEDJD LQL \DLWX SXWXVDQ 0DKNDPDK .RQVWLWXVL PHPSXQ\DL VLIDW ¿QDO GDQ PHQJLNDW 'LNDWDNDQ ¿QDO NDUHQD WHUKDGDS SXWXVDQ WHUVHEXW WLGDN GDSDW ODJL GLODNXNDQ XSD\D KXNXP GDQ GLNDWDNDQ PHQJLNDW NDUHQD 6HEDJLDQEHVDULVLGDULWXOLVDQLQLPHUXSDNDQ7HVLVSHQXOLVSDGD3URJUDP3DVFDVDUMDQD3URJUDP6WXGL,OPX+XNXP8QLYHUVLWDV 1XVD&HGDQD.XSDQJ7DKXQ\DQJEHUMXGXO³.HNXDWDQ0HQJLNDW3XWXVDQ&RQVWLWXWLRQDO5HYLHZ0DKNDPDK.RQVWLWXVL 7HUKDGDS0DKNDPDK$JXQJ´ /LKDW3DVDO&$\DW88'15,7DKXQ
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³+DNLPWROROGDQERGRK´ 0HWRGH3HQHOLWDQ
%HUGDVDUNDQ VXEVWDQVL SHUPDVDODKDQ DWDXLVXKXNXP\DQJGLNDMLGDODPSHQHOLWLDQ LQLPDNDSHQHOLWLDQLQLPHUXSDNDQSHQHOLWLDQ KXNXP GRNWULQDOQRUPDWLI .DUDNWHULVWLN SHQHOLWDQ LQL DGDODK PHQ\XVXQ NRQVHS NRQVHS DVDVDVDV GDQ NHWHQWXDQNHWHQWXDQ KXNXP \DQJ EHUNDLWDQ GHQJDQ NHNXDWDQ PHQJLNDW SXWXVDQFRQVWLWXWLRQDO UHYLHZ 0DKNDPDK .RQVWLWXVL WHUKDGDS 0DKNDPDK $ J X Q J . H P X G L D Q S H Q G H N D W D Q \ D Q J GLJXQDNDQ GDODP SHQHOLWLDQ LQL DGDODK
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³.HNXDVDDQNHKDNLPDQ GLODNXNDQROHKVHEXDK0DKNDPDK$JXQJGDQ EDGDQ SHUDGLODQ \DQJ EHUDGD GL EDZDKQ\D G D O D P O L Q J N X Q J D Q S H U D G L O D Q X P X P OLQJNXQJDQSHUDGLODQDJDPD!O L Q J N X Q J D Q SHUDGLODQ PLOLWHU OLQJNXQJDQ SHUDGLODQ WDWD XVDKD QHJDUD GDQ ROHK VHEXDK 0DKNDPDK .RQVLWLVL´ 0HQJHQDL NHZHQDQJDQ 0DKNDPDK $JXQJ VHWHODK 88' GLDPDQGHPHQ GLWHJDVNDQGDODP3DVDO $$\DW88' 15,7DKXQ\DQJEHUEXQ\L 0DKNDPDK$JXQJEHUZHQDQJPHQJDGLOL SDGD WLQJNDW NDVDVL PHQJXML SHUDWXUDQ SHUXQGDQJXQGDQJDQ GL EDZDK XQGDQJ XQGDQJ WHUKDGDS XQGDQJXQGDQJ GDQ PHPSXQ\DL ZHZHQDQJ ODLQQ\D \DQJ GLEHULNDQROHKXQGDQJXQGDQJ .HZHQDQJDQ 0DKNDPDK $JXQJ \DQJ KWWSQHZVGHWLNFRPUHDGNDVXVGUEDPEDQJPDQWDQNHWXDPNHPDQJQ\DDUWLGMRSDVWL EDLNGLDNVHVSDGDWDQJJDO0DUHW
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³0DKNDPDK .RQVWLWXVLEHUZHQDQJPHQJDGLOLSDGDWLQJNDW SHUWDPDGDQWHUDNKLU\DQJSXWXVDQQ\DEHUVLIDW ¿QDOXQWXNPHQJXMLXQGDQJXQGDQJWHUKDGDS 8QGDQJ8QGDQJ 'DVDU PHPXWXV VHQJNHWD N H Z H Q D Q J D Q O H P E D J D Q H J D U D \ D Q J NHZHQDQJDDQ\D GLEHULNDQ ROHK 8QGDQJ 8QGDQJ 'DVDU PHPXWXV SHPEXEDUDQ SDUWDL SROLWLN GDQ PHPXWXV SHUVHOLVLKDQ WHQWDQJ KDVLOSHPLOLKDQXPXP´
.HZHQDQJDQ 0DKNDPDK .RQVWLWXVL XQWXNPHODNXNDQSHQJXMLDQ XQGDQJXQGDQJ W H U K D G D S 8 8 ' W H U V H E X W V H E H Q D U Q \ D PHUXSDNDQ NHZHQDQJDQ SDOLQJ XWDPD GDUL 0DKNDPDK .RQVWLWXVL .HZHQDQJDQ LQL GLVHEXW GHQJDQ LVWLODK ³&RQVWLWXWLRQDO UHYLHZ´
E *DJDVDQ&RQVWLWXWLRQDO 5HYLHZ GDQ 3HOHPEDJDDQ 0DKNDPDK .RQVWLWXVL GL,QGRQHVLD
6HFDUD XPXP NRQVHS FRQVWLWXWLRQDO UHYLHZ PHQJHPXND GDUL NRQVHSMXGLFLDO UHYLHZGL$PHULND6HULNDW:DODXSXQVHNLODV NHGXDQ\DWDPSDNPHPLOLNLNHVDPDDQQDPXQ WHUGDSDW SHUEHGDDQ &RQVWLWXVLRQDO UHYLHZ
LDODKSHQJXMLDQQRUPDKXNXPWHUKDGDS88' %LDVDQ\D SHQJXMLDQ WHUVHEXW VHODLQ GDSDW GLODNXNDQROHKOHPEDJDSHUDGLODQGDSDWMXJD GLODNXNDQROHKOHPEDJDODLQ
.HPXGLDQ MLNDODX EHUELFDUD PHQJHQDL
MXGLFLDO UHYLHZ PDND \DQJ WHUEHVLW GLEHQDN RUDQJ SDVWLODK SHQJXMLDQ QRUPD KXNXP WHUKDGDS 88' ROHK OHPEDJD SHUDGLODQ .RQVHS \DQJ VHSHUWL LQL MHODV WLGDN VDODK VHEDEMXGLFLDO UHYLHZ PHPDQJ SHQJXMLDQ QRUPD KXNXP WHUKDGDS 88' ROHK OHPEDJD SHUDGLODQ.DODXGHPLNLDQMDZDEDQQ\DPDND DSDEHGDQ\DGHQJDQ FRQVWLWXVLRQDOUHYLHZ" %HGDQ\D LDODK MXGLFLDO UHYLHZ KDQ\DODK GLODNXNDQROHKOHPEDJDSHUDGLODQGDQEXNDQ R O H K O H P E D J D O D L Q V H S H U W L O D \ D N Q \ D
FRQVWLWXVLRQDO UHYLHZ /DOX MXGLFLDO UHYLHZ
MXJD OHELK OXDV FDNXSDQQ\D NDUHQD VHODLQ PHQJXML QRUPD KXNXP WHUKDGDS 88' MXJD PHQJXML SHUWHQWDQJDQ DQWDUD QRUPD KXNXP \ D Q J W H U V H E D U G L E H U E D J D L S H U D W X U D Q SHUXQGDQJXQGDQJDQ GL EDZDK 88' &RQWRKQ\D0DKNDPDK$JXQJ,QGRQHVLD\DQJ EHUZHQDQJ PHQJXML 3HUDWXUDQ SHUXQGDQJ XQGDQJDQGLEDZDK8QGDQJXQGDQJWHUKDGDS 8QGDQJXQGDQJ
0HQGXNXQJ DUJXPHQWDVL GL DWDV PDND SHQXOLV PHQJXWLS DSD \DQJ GLNDWDNDQ ROHK -LPO\$VVKLGGLTLHGDODP1LPDWXO+XGDGDQ 1D]UL\DK EDKZD ,VWLODK ³&RQVWLWXWLRQDO UHYLHZ´ DWDX SHQJXMLDQ NRQVWLWXVLRQDO KDUXV GLEHGDNDQ GHQJDQ LVWLODK ³-XGLFLDO UHYLHZ´ 3 H P E H G D D Q L W X G L O D N X N D Q V H N X U D Q J NXUDQJQ\D NDUHQD GXD DODVDQ 3HUWDPD ³&RQVWLWXWLRQDOUHYLHZ´VHODLQGLODNXNDQROHK KDNLP GDSDW SXOD GLODNXNDQ ROHK OHPEDJD VHODLQ KDNLP DWDX SHQJDGLODQ WHUJDQWXQJ NHSDGD OHPEDJD PDQD 88' PHPEHULNDQ NHZHQDQJDQ XQWXN PHODNXNDQQ\D .HGXD GDODPNRQVHS³-XGLFLDOUHYLHZ´WHUNDLWSXOD SHQJHUWLDQ\DQJOHELKOXDVREMHNQ\DPLVDOQ\D
56XEHNWL.HNXDVDDQ0DKNDPDK$JXQJ5,%DQGXQJ$OXPQLKOP
/LKDW0RK0DKIXG0'.RQVWLWXVL'DQ+XNXP'DODP.RQWURYHUVL,VX-DNDUWD5DMDZDOL3HUVKOP
PHQFDNXS VRDO OHJDOLWDV SHUDWXUDQ GL EDZDK 88WHUKDGDS88VHGDQJNDQ³&RQVWLWXWLRQDO UHYLHZ´ KDQ\D PHQ\DQJNXW SHQJXMLDQ NRQVWLWXVLRQDOLWDV\DLWXWHUKDGDS88' 7H O D K G L X O D V G L D W D V E D K Z D N R Q V H S
FRQVWLWXWLRQDO UHYLHZ PHQJHPXND GDUL NRQVHSMXGLFLDO UHYLHZ GL $PHULND 6HULNDW +DO LQL GLSUDNDUVDL ROHK .HWXD 0DKNDPDK $JXQJ $PHULND6HULNDW\DQJEHUQDPD-RKQ 0DUVKDOO \DQJ NDOD LWX PHPEDWDONDQ
- X G L F L D U \ $ F W N D U H Q D L V L Q \ D GLDQJJDSEHUWHQWDQJDQ GHQJDQ .RQVWLWXVL $PHULND6HULNDW
3HULVWLZD\DQJWHUMDGLGL$PHULND6HULNDW WHUVHEXW NHPXGLDQ PHPRWLYDVL *HRUJH -HOOLQHNXQWXNPHQJHPEDQJNDQNHZHQDQJDQ 0 D K N D P D K $ J X Q J $ X V W U L D 6 D D W L W X 0DKNDPDK$JXQJ$XVWULDVXGDKPHPSXQ\DL ZHZHQDQJ XQWXN PHQJDGLOL VHQJNHWD DQWDUD ZDUJDQHJDUDGDQSHPHULQWDKWHUNDLWGHQJDQ SHUOLQGXQJDQKDNSROLWLNEDKNDQSHQJDGLODQ QHJDUD EDJLDQ WHODK PHPLOLNL ZHZHQDQJ XQWXNPHPXWXVNHEHUDWDQNRQVWLWXVLRQDO\DQJ GLDMXNDQ ZDUJD QHJDUD DWDV WLQGDNDQ SHPHULQWDK 3HUNHPEDQJDQ VHODQMXWQ\D WHQWDQJ SHQJXMLDQ NRQVWLWXVLRQDO WHUMDGL SDGD WDKXQ \DLWX SDGD VDDW GLDGDNDQQ\D SHPEDUXDQ .RQVWLWXVL $XVWULD 6DODK VDWX DQJJRWD&KDQFHOHU\WLP SHPEDKDUX NRQVWLWXVL$XVWULD\DQJEHUQDPD+DQV.HOVHQ PHQJHPXNDNDQXVXODJDUGLEHQWXNQ\DVHEXDK 0DKNDPDK.RQVWLWXVLOHPEDJDSHUDGLODQGL O X D U 0 D K N D P D K $ J X Q J \ D Q J N K X V X V PHQDQJDQL SHUNDUD NRQVWLWXVLRQDO GDQ SDGD DNKULQ\DXVXOLWXGLWHULPDPHQMDGLVDODKVDWX VXEVWDQVLGDUL.RQVWLWXVL$XVWULD 0DKNDPDK .RQVWLWXVL JDJDVDQ +DQV .HOVHQGL$XVWULDWHUVHEXWDNKLUQ\DGLDGRSVL SHUWDPD NDOL ROHK &HNRVORZDNLD VHKLQJJD ZDODXSXQ JDJDVDQ .HOVHQ WHUVHEXW XQWXN $ X V W U L D W D S L 0 D K N D P D K . R Q V W L W X V L &HNRVORZDNLD PHUXSDNDQ 0DKNDPDK .RQVWLWXVL SHUWDPD \DQJ GLEHQWXN GL GXQLD E H U G D V D U N D Q S H P L N L U D Q . H O V H Q 3HUNHPEDQJDQVHODQMXWQ\DNHWLNDDGDQHJDUD \DQJ PHQFRED PHQJKHPEXVNDQ JDJDVDQ WHQWDQJ SHUOXQ\D 0DKNDPDK .RQVWLWXVL GDODP QHJDUD LWX XQWXN GLEHULNDQ KDN PHQJXMLPDND KDO LWX VHULQJ GLLVWLODKNDQ GHQJDQLVWLODK´WKHNHOVHQLDQPRGHO´
,VWLODK ´WKH NHOVHQLDQ PRGHO ³ SXQ WDN GDSDW GLEHQGXQJ SDGD VDDW SHPEHQWXNDQ 0DKNDPDK.RQVWLWXVLGL,QGRQHVLD*DJDVDQ SHPEHQWXNDQ 0DKNDPDK .RQVWLWXVL GL ,QGRQHVLD PXODQ\D WHODK WHULQWURGXVLU VDDW SHPEDKDVDQ88'ROHK %383. SDGD WDKXQ VDODK VDWX DQJJRWD %383. 0XKDPPDG <DPLQ WHODK PHQJHPXNDNDQ SHQGDSDWEDKZD³%DODL$JXQJ´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
/LKDW-DQHGMUL 0*DIIDU+XNXP3HPLOX'DODP<XULVSUXGHQVL0DKNDPDK.RQVWLWXVL-DNDUWD.RQVWLWXVL 3UHVVKOP LGKOP
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³88'WHODK PHQJDPDQDWNDQ SHPEXDWDQ VHEXDK 0. VHEDJDL VDWXVDWXQ\D \DQJ EROHK PHODNXNDQ SHQJXMLDQ WHUKDGDS 88' %XNDQ PDLQ 0HQJHULNDQ /XDU ELDVD 7HQWXQ\D SDUD KDNLP 0. MXJD PDQXVLDPDQXVLD \DQJ EHUNXDOLWDV OXDU ELDVD 0HUHND DGDODK 6HPELODQ RUDQJ GLDQWDUD OHELK GDUL MXWD MLZDPDQXVLD,QGRQHVLD\DQJEROHKEHUKDN GDQ EHUZHQDQJ PHQJDWDNDQ DSD \DQJ GLSLNLUNDQGDQGLNHKHQGDNLROHK88'´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
,QLEHUODNXVHEDJDLKXNXPVHEDJDLPDQD KXNXP GLFLSWDNDQ SHPEXDW XQGDQJXQGDQJ +DNLP 0DKNDPDK .RQVWLWXVL GLNDWDNDQ VHEDJDLQHJDWLYH OHJLVODWRU\DQJ SXWXVDQQ\D EHUVLIDW HUJD RPQHV \DQJ GLWXMXNDQ SDGD VHPXDRUDQJ
.HNXDWDQ3HPEXNWLDQ
3DVDO 8QGDQJ8QGDQJ 0DKDNDPDK .RQVWLWXVLPHQHQWXNDQEDKZDPDWHULPXDWDQ D\DW SDVDO GDQDWDX EDJLDQ GDODP XQGDQJ XQGDQJ \DQJ WHODK GLXML WLGDN GDSDW GLPRKRQNDQ XQWXN GLXML NHPEDOL 'HQJDQ GHPLNLDQ DGDQ\D SXWXVDQ 0DKNDPDK \DQJ W H O D K P H Q J X M L V X D W X 8 Q G D Q J X Q G D Q J PHUXSDNDQ DODW EXNWL \DQJ GDSDW GLJXQDNDQ EDKZD WHODK GLSHUROHK VXDWX NHNXDWDQ SDVWL JH]DJYDQJHYLMVGH
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
6RHUMRQR6RHNDQWRGDQ6UL0DPXGML3HQHOLWLDQ+XNXP1RUPDWLI-DNDUWD375DMD*UD¿QGR3HUVDGDKOP
6DWMLSWR5DKDUGMR3HQHJDNDQ+XNXP3URJUHVLI-DNDUWD.RPSDVKOP!
0DUXDUDU6LDKDDQ+XNXP$FDUD0DKNDPDK.RQVWLWXVL5HSXEOLN,QGRQHVLD-DNDUWD6LQDU*UD¿NKOP
WLGDNGDSDWODJLGLDMXNDQXQWXNGLXMLROHKVLDSD SXQ 3XWXVDQ 0DKNDPDK .RQVWLWXVL \DQJ WHODK EHUNHNXDWDQ KXNXP WHWDS GHPLNLDQ GDSDW GLJXQDNDQ VHEDJDL DODW EXNWL GHQJDQ NHNXDWDQSDVWLVHFDUDSRVLWLIEDKZDDSD\DQJ WHODK GLSXWXV ROHK KDNLP LWX WHODK GLDQJJDS E H Q D U 3 H P E X N W L D Q V H E D O L N Q \ D W L G D N GLSHUNHQDQNDQ
.HNXDWDQ(NVHNXWRULDO
6HEDJDL VDWX SHUEXDWDQ KXNXP SHMDEDW QHJDUD\DQJGLPDNVXGNDQXQWXNPHQJDNKLUL VHQJNHWD \DQJ DNDQ PHQLDGDNDQ DWDX PHQFLSWDNDQ KXNXP \DQJ EDUX PDND WHQWX VDMDGLKDUDSNDQEDKZDSXWXVDQWHUVHEXWWLGDN KDQ\D PHUXSDNDQ NDWDNDWD PDWL GL DWDV NHUWDV 6HEDJDL VXDWX SXWXVDQ KDNLP VHWLDS RUDQJVHWLDSRUDQJNHPXGLDQDNDQEHUELFDUD EDJDLPDQDSHODNVDQDDQQ\DGDODPNHQ\DWDDQ $NDQWHWDSLVHEDJDLPDQDWHODKGLVLQJJXQJGL DWDV EHUEHGD GHQJDQ SXWXVDQ KDNLP ELDVD PDNDVXDWXSXWXVDQ\DQJWHODKPHQJLNDWSDUD SLKDN GDODP SHUNDUD SHUGDWD PHPEHUL KDN NHSDGD SLKDN \DQJ GLPHQDQJNDQ XQWXN PHPLQWDSXWXVDQ WHUVHEXWGLHNVHNXVL MLNDODX PHQ\DQJNXW SHQJKXNXPDQ DWDV SLKDN \DQJ NDODK XQWXN PHODNXNDQ VHVXDWX DWDX PHPED\DU VHMXPODK XDQJ 'DODP KDO GHPLNLDQGLNDWDNDQEDKZDSXWXVDQ\DQJWHODK EHUNHNXDWDQ KXNXP WHWDS LWX PHPSXQ\DL NHNXDWDQ HNVHNXWRULDO \DLWX DJDU SXWXVDQ GLODNVDQDNDQGDQMLNDSHUOXGHQJDQNHNXDWDQ SDNVD $SDNDK SXWXVDQ 0DKNDPDK .RQVWLWXVL PHPLOLNL NHNDXDWDQ HNVHNXWRULDO GHPLNLDQ" 'DODP VDWX MDZDEDQ DWDV SHUWDQ\DDQ SHUV VHRUDQJ PHQWHUL PHQJDWDNDQ EDKZD EHQDU KDNLP0DKNDPDK.RQVWLWXVLDGDODKOHJLVODWRU GDQ SXWXVDQQ\D EHUODNX VHEDJDL XQGDQJ XQGDQJ WHWDSL WLGDN PHPHUOXNDQ SHUXEDKDQ \DQJKDUXVGLODNXNDQGHQJDQDPDQGHPHQDWDV XQGDQJXQGDQJ \DQJ EDJLDQ WHUWHQWX GLQ\DWDNDDQEHUWHQWDQJDQGHQJDQ88' GDQ WLGDN PHPSXQ\DL NHNXDWDQ PHQJLNDW VHFDUDKXNXP 3HQGDSDW GHPLNLDQ PXQJNLQ EHQDU NDUHQD MLND GLHNVHNXVL SXWXVDQ 0DKNDPDK .RQVWLWXVL WHODK GLDQJJDS WHUZXMXG GHQJKDQ SHQJXPXPDQ SXWXVDQ WHUVHEXW NH GDODP %HULWD 1HJDUD VHEDJDLPDQD GLSHULQWDKNDQ
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¿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
MXGLFLDOUHYLHZDWDVXQGDQJXQGDQJGDQVHPXD SHUDWXUDQ SHUXQGDQJXQGDQJDQ \DQJ EHUDGD GL EDZDKQ\D 1DPXQ DSDELOD KDN LWX PHPEHEDQL0$GDSDWGLEHQWXN0.
7XOLVDQ0DKIXGLQLNLUDQ\DPHPEHULNDQ NRQWULEXVL WHUVHQGLUL EDJL SHUNHPEDQJDQ KXNXPGDQNHWDWDQHJDUDDQEDQJVD,QGRQHVLD SDGD NDOD LWX %HJLWX SHQWLQJQ\DMXGLFLDO UHYLHZ LWX VDPSDLVDPSDL ,D PHQ\DWDNDQ EDKZD NDODX LWX PHPEHEDQL 0$ GDSDW GLEHQWXN 0. 6HWLGDNQ\D VDUDQ %HOLDX WHUVHEXWGDSDWGLOLKDWVHEDJDL DOWHUQDWLI\DQJ FXNXSEDLN -DQHGMUL0*DIIDURSFLWKOP
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³ 0 D K N D P D K . R Q V W L W X V L E H U Z H Q D Q J PHQJDGLOLSDGDWLQJNDWSHUWDPDGDQWHUDNKLU \DQJSXWXVDQQ\DEHUVLIDW¿QDOXQWXNPHQJXML XQGDQJXQGDQJ WHUKDGDS 8QGDQJ8QGDQJ 'DVDU PHPXWXV VHQJNHWD NHZHQDQJDQ OHPEDJD QHJDUD \DQJ NHZHQDQJDQQ\D! G L E H U L N D Q R O H K 8 Q G D Q J 8 Q G D Q J 'DVDUPHPXWXV SHPEXEDUDQ SDUWDL SROLWLN
GDQ PHPXWXV SHUVHOLVLKDQ WHQWDQJ KDVLO SHPLOLKDQXPXP´
%HUGDVDUNDQ UXPXVDQNHZHQDQJDQGDUL OHPEDJD LQL PDND MHODV EDKZD VHEHQDUQ\D REMHNXWDPD\DQJGLOLQGXQJLROHK0DKNDPDK LQLLDODK88'15,7DKXQROHKVHEDELWX WLGDN DGD DODVDQ EDJL 0DKNDPDK $JXQJ XQWXNWLGDNWXQGXNSDGDSXWXVDQ0DKNDPDK .RQVWLWXVL GDODP SHUNDUDFRQVWLWXWLRQDO UHYLHZ NDUHQD VHNDOL ODJL REMHN \DQJ GLOLQGXQJL ROHK 0DKNDPDK .RQVWLWXVL LDODK 88'
F 3HUVSHNWLI)XQJVLRQDO
'LWLQMDX GDUL SHUVSHNWLI IXQJVLRQDO NHOHPEDJDDQ PDND EHQDU VDMD 0DKNDPDK .RQVWLWXVLGDQ0DKNDPDK$JXQJPHUXSDNDQ GXDOHPEDJDQHJDUD\DQJLQGHSHQGHQVHEDJDL SHQ\HOHQJJDUDNHNXDVDDQNHKDNLPDQ+DOLQL GDSDW GLOLKDW GDODP 3DVDO $\DW 88' 15, 7DKXQ KDVLO DPDQGHPHQ \DQJ VHFDUDWHJDVPHQHQWXNDQEDKZD³.HNXDVDDQ NHKDNLPDQGLODNXNDQROHKVHEXDK0DKNDPDK $JXQJ GDQ EDGDQ SHUDGLODQ \DQJ EHUDGD GL EDZDKQ\D GDODP OLQJNXQJDQ SHUDGLODQ XPXP OLQJNXQJDQ SHUDGLODQ DJDPD OLQJNXQJDQ SHUDGLODQ PLOLWHU OLQJNXQJDQ SHUDGLODQWDWDXVDKDQHJDUDGDQROHKVHEXDK 0DKNDPDK.RQVWLWXVL´ 0XQFXOSHUWDQ\DDQ³$SDNDKNDUHQDGXD OHPEDJDLQLWLGDNWHUGDSDWKXEXQJDQKLHUDUNL PDND \DQJ VDWX GDSDW PHQJHVDPSLQJNDQ SXWXVDQ\DQJODLQ"´3HUWDQ\DDQLQLPHPDQJ PHQDULN XQWXN GLJDOL OHELK MDXK VHEDE 0DKNDPDK$JXQJGDQ0DKNDPDK.RQVWLWXVL PHUXSDNDQ GXD OHPEDJD QHJDUD \DQJ LQGHSHQGHQ
+HPDWSHQHOLWLZDODXSXQNHGXDOHPEDJD WHUVHEXW LQGHSHQGHQ NHWLND PHPXWXVNDQ SHUNDUD \DQJ GLDMXNDQ NHSDGDQ\D QDPXQ WLGDN EHUDUWL EDKZD SXWXVDQFRQVWLWXWLRQDO UHYLHZ 0DKNDPDK .RQVWLWXVL GDSDW GLNHVDPSLQJNDQ ROHK 0DKNDPDK $JXQJ -XVWUX NDUHQD GXD OHPEDJD LQL PHUXSDNDQ OHPEDJDOHPEDJD QHJDUD \DQJ LQGHSHQGHQ P D N D \ D Q J V D W X W L G D N E R O H K PHQJHVDPSLQJNDQSXWXVDQGDUL\DQJODLQQ\D VHEDE NHWLND LWX WHUMDGL GHQJDQ VHQGLULQ\D LQGGHSHQGHQVL GDUL NHGXD OHPEDJD WHUVHEXW
0XFKDPDG$OL6DIDDWGNN+XNXP$FDUD0DKNDPDK.RQVWLWXVL-DNDUWD6HNUHWDULDW-HQGUDOGDQ.HSDQLWHUDDQ0DKNDPDK .RQVWLWXVL5,KOP
/LKDW3DVDO&$\DW88'+DVLO$PDQGHPHQ
WHODK WHUJDQJJX /DJL SXOD NHGXDQ\D PHUXSDNDQ SHQ\HOHQJJDUD NHNXDVDDQ NHKDNLPDQVHKLQJJDGHQJDQVHQGLULQ\DKDUXV WLPEXO VLQHUJLWDV GDODP PHQMDODQNDQ NHZHQDQJDQQ\DPDVLQJPDVLQJ 7LQGDNDQ0DKNDPDK$JXQJ\DQJ WLGDN PHQJLQGDKNDQSXWXVDQ0DKNDPDK.RQVWLWXVL WHUVHEXWPHUXSDNDQWLQGDNDQ\DQJMXVWUXWLGDN PHQMDJDNHPDQGLULDQNHNXDVDDQNHKDNLPDQ VHEDE WLQGDNDQ \DQJ GHPLNLDQ WLGDN MDXK EHUEHGD GDPSDNQ\D MLNDODX GLODNXNDQ ROHK OHPEDJDHNVHNXWLIPDXSXQOHJLVODWLI
2OHKNDUHQDLWXNHPEDOLSHQHOLWLWHJDVNDQ EDKZD MLNDODX ³LQGHSHQGHQ´ PHQMDGL DODVDQ XQWXN PHQMXVWL¿NDVL SXWXVDQFRQVWLWXWLRQDO UH Y L H Z 0 D K N D P D K . R Q V W L W X V L W L G D N P H P S X Q \ D L N H N X D W D Q P H Q J L N D W E D J L 0DKNDPDK $JXQJ PDND DODVDQ WHUVHEXW NXUDQJWHSDWNDUHQDMXVWUXDODVDQLQGHSHQGHQ LWXODK \DQJ VHKDUXVQ\D PHPEXDW 0DNDPDK $JXQJ WLGDN EROHK PHQJHVDPSLQJNDQ SXWXVDQ0DKNDPDK.RQVWLWXVL G 3HUVSHNWLI1RUPDWLI 3DVDO 8QGDQJXQGDQJ 0DKNDPDK .RQVWLWXVL GLWHQWXNDQ VHFDUD WHJDV EDKZD ³3XWXVDQ0DKNDPDK.RQVWLWXVLPHPSHUROHK NHNXDWDQKXNXPWHWDSVHMDNVHOHVDLGLXFDSNDQ GDODP VLGDQJ SOHQR WHUEXND XQWXN XPXP´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
XQGDQJ \DQJ VDPD GLWHQWXNDQ SXOD EDKZD ³0DKNDPDK .RQVWLWXVL PHPEHULWDKXNDQ N H S D G D 0 D K N D P D K $ J X Q J D G D Q \ D SHUPRKRQDQSHQJXMLDQXQGDQJXQGDQJGDODP MDQJND ZDNWX SDOLQJ ODPEDW WXMXK KDUL NHUMD VHMDN SHUPRKRQDQ GLFDWDW GDODP %XNX 5HJLVWUDVL3HUNDUD³.RQVWLWXVL´
0HQXUXW KHPDW SHQHOLWL MLNDODX PDX PHPEDFD3DVDOLQLVHFDUDVHNVDPDPDND DNDQ GLSHUROHK SHPDNQDDQ \DQJ VHUDJDP \DLWX EDKZD NHWHQWXDQ LQL EHUPDNVXG DJDU 0DKNDPDK $JXQJ GDQ EDGDQ SHUDGLODQ GL EDZDKQ\D GDSDW PHQJHWDKXL EDKZD SDVDO DWDX8QGDQJXQGDQJ\DQJVHGDQJGLJXQDNDQ XQWXN PHQJDGLOL VXDWX SHUNDUD WHQJDK GLPRKRQNDQ XQWXN GLXML GL 0DKNDPDK .RQVWLWXVL .HPXGLDQ \DQJ EHULNXW LDODK N H W H Q W X D Q 3 D V D O 8 Q G D Q J 8 Q G D Q J 0DKNDPDK .RQVWLWXVL \DQJ PHQHWDSNDQ EDKZD ³3HQJXMLDQ SHUDWXUDQ SHUXQGDQJ XQGDQJDQ GL EDZDK XQGDQJXQGDQJ \DQJ VHGDQJ GLODNXNDQ 0DKNDPDK $JXQJ ZDMLE GLKHQWLNDQ DSDELOD XQGDQJXQGDQJ \DQJ PHQMDGL GDVDU SHQJXMLDQ SHUDWXUDQ WHUVHEXW VHGDQJ GDODP SURVHV SHQJXMLDQ 0DKNDPDK .RQVWLWXVL VDPSDL DGD SXWXVDQ 0DKNDPDK .RQVWLWXVL´
3DVDOLQLVHMDWLQ\DPHPEHULNDQQXDQVD NHSDVWLDQKXNXPGDODPSHQDQJDQDQ SHUNDUD
MXGLFLDO UHYLHZ ROHK 0DKNDPDK $JXQJ 3DVWLQ\D DNDQ VDQJDW WLGDN H¿VLHQ MLNDODX SHUNDUD WHUVHEXW KDUXV GLKHQWLNDQ SURVHVQ\D NDUHQD 8QGDQJXQGDQJ \DQJ PHQMDGL ODQGDVDQ EDWX XML EDJL 0DKNDPDK $JXQJ PHODNXNDQMXGLFLDOUHYLHZWHUVHEXWGLEDWDONDQ ROHK 0DKNDPDK .RQVWLWXVL 0HQJDWDVL PDVDODKLQLPDNDWHSDWODKMLNDODXSHPEHQWXN 8QGDQJXQGDQJ PHPDQLIHVWDVLNDQ UXPXVDQ NDOLPDW GDODP 3DVDO GDODP 8QGDQJ XQGDQJ0DKNDPDK.RQVWLWXVL
$UJXPHQSHQHOLWL EDKZDSURVHVSHUNDUD
MXGLFLDO UHYLHZ GL 0DKNDPDK $JXQJ KDUXV GLKHQWLNDQ DSDELOD 8QGDQJXQGDQJ \DQJ PHQMDGL ODQGDVDQ EDWX XML GDODP SHUNDUD LWX GLEDWDONDQROHK0DKNDPDK.RQVWLWXVLVDQJDW GLGXNXQJGHQJDQNHWHQWXDQ3DVDO8QGDQJ 8 Q G D Q J 0 D K N D P D K . R Q V W L W X V L \ D Q J PHQHWDSNDQEDKZD ³8QGDQJXQGDQJ\DQJ GLXML ROHK 0DKNDPDK .RQVWLWXVL WHWDS /LKDW3DVDO8QGDQJ8QGDQJ1RPRU7DKXQWHQWDQJ0DKNDPDK.RQVWLWXVLVHEDJDLPDQDWHODKGLXEDKGHQJDQ8QGDQJ 8QGDQJ1RPRU7DKXQWHQWDQJ SHUXEDKDQDWDV8QGDQJ8QGDQJ1RPRU7DKXQWHQWDQJ0DKNDPDK.RQVWLWXVL
E H U O D N X V H E H O X P D G D S X W X V D Q \ D Q J PHQ\DWDNDQ EDKZD XQGDQJXQGDQJ WHUVHEXW EHUWHQWDQJDQGHQJDQ8QGDQJ8QGDQJ'DVDU 1HJDUD 5HSXEOLN ,QGRQHVLD 7DKXQ ´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
+DO ODLQ \DQJ MXJD PHQXUXW SHQXOLV VHEDJDLSHQHJDVDQEDKZDSXWXVDQ0DKNDPDK .RQVWLWXVL ODQJVXQJ EHUODNX LDODK NHWHQWXDQ \DQJ WHUGDSDW GL GDODP 3DVDO $\DW 8QGDQJ8QGDQJ 1RPRU 7DKXQ W H Q W D Q J 0 D K N D P D K . R Q V W L W X V L \ D Q J PHQHQWXNDQ EDKZD ³3XWXVDQ 0DKNDPDK .RQVWLWXVL \DQJ PHQJDEXONDQ SHUPRKRQDQ ZDMLE GLPXDW GDODP %HULWD 1HJDUD GDODP MDQJND ZDNWX SDOLQJ ODPEDW WLJD SXOXK KDULNHUMDVHMDNSXWXVDQGLXFDSNDQ´
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
.DODX 8QGDQJXQGDQJ VDMD ODQJVXQJ EHUODNX NHWLND GLPXDW GDODP /HPEDUDQ
1HJDUD 5HSXEOLN ,QGRQHVLD GDQ %HULWD 1HJDUD 5HSXEOLN ,QGRQHVLD PDND WHQWXQ\D SXWXVDQ0DKNDPDK.RQVWLWXVLMXJDGHPLNLDQ PDNVXG ¿ORVR¿Q\D NHWLND GLPXDW GL GDODP %HULWD1HJDUD5HSXEOLN,QGRQHVLD/DJLSXOD VLIDW GDUL XQGDQJXQGDQJ GDQ SXWXVDQ 0DKNDPDK .RQVWLWXVL LWX LDODK VDPD VDMD \DLWXPHQJLNDWXPXPHUJDRPQHV &6LPSXODQGDQ6DUDQ %HUGDVDUNDQ XUDLDQ GL DWDV PDND GLSHUROHK NHVLPSXODQ EDKZD SXWXVDQ
FRQVWLWXWLRQDO UHYLHZ 0DKNDPDK .RQVWLWXVL PHPSXQ\DL NHNXDWDQ PHQJLNDW EDJL 0DKNDPDK$JXQJGLGDVDUNDQSDGDEHEHUDSD SHUVSHNWLI\DLWX 3HUVSHNWLIKLVWRULV 3HUVSHNWLIREMHN\DQJGLOLQGXQJL 3HUVSHNWLI)XQJVLRQDOGDQ 3HUVSHNWLIQRUPDWLI %HUGDVDUNDQ VLPSXODQ GL DWDV PDND GDSDWGLVDPSDLNDQVDUDQVHEDJDLEHULNXW 3HPHULQWDK GDQ '35 KDUXV VHJHUD
PHPSHUNXDWNHNXDWDQPHQJLNDWSXWXVDQ 0DKNDPDK .RQVWLWXVL GDODP SHUNDUD SXWXVDQ FRQVWLWXWLRQDO UHYLHZ PHODOXL UHYLVLSHUXQGDQJXQGDQJDQWHUNDLW
'$)7$53867$.$
$OL 6DIDDW 0XFKDPDG GNN +XNXP $FDUD 0DKNDPDK .RQVWLWXVL -DNDUWD 6HNUHWDULDW -HQGUDO GDQ .HSDQLWHUDDQ 0DKNDPDK.RQVWLWXVL5,
+XGD 1LPDWXO GDQ 1D]UL\DK 7HRUL 'DQ3HQJXMLDQ3HUDWXUDQ3HUXQGDQJ 8QGDQJDQ%DQGXQJ1XVD0HGLD 0 *DIIDU -DQHGMUL +XNXP 3HPLOX
'DODP <XULVSUXGHQVL 0DKNDPDK .RQVWLWXVL-DNDUWD.RQVWLWXVL3UHVV 6ODPHW.XUQLD7LWRQ0DKNDPDK.RQVWLWXVL 5HSXEOLN,QGRQHVLD6DQJ3HQMDJD+DP WKHJXDUGLDQRIKXPDQULJKWV %DQGXQJ37$OXPQL 0' 0DKIXG 0RK .RQVWLWXVL 'DQ +XNXP'DODP.RQWURYHUVL,VX-DNDUWD 5DMDZDOL3HUV 5DKDUGM 6DWMLSWR 3HQHJDNDQ+XNXP 3URJUHVLI-DNDUWD.RPSDV! 6LDKDDQ 0DUXDUDU +XNXP $FDUD
0DULD)DULGD,QGUDWL6RHSUDSWR,OPX3HUXQGDQJ8QGDQJDQ'DVDUGDVDUGDQSHPEHQWXNDQQ\D<RJ\DNDUWD .DQLVLXVKOP
0 D K N D P D K . R Q V W L W X V L 5 H S X E O L N ,QGRQHVLD-DNDUWD6LQDU*UD¿ND
6RHNDQWR 6RHUMRQR GDQ 0DPXGML 6UL
3HQHOLWLDQ +XNXP 1RUPDWLI -DNDUWD 375DMD*UD¿QGR3HUVDGD
6RHSUDSWR ,QGUDWL 0DULD )DULGD ,OPX 3HUXQGDQJ8QGDQJDQ'DVDUGDVDUGDQ SHPEHQWXNDQQ\D<RJ\DNDUWD.DQLVLXV 6XEHNWL 5 .HNXDVDDQ 0DKNDPDK $JXQJ5,%DQGXQJ$OXPQL :HEVLWH KWWSQHZVGHWLNFRPUHDG NDVXVGUEDPEDQJ PDQWDQNHWXDPNHPDQJQ\DDUWLGMRSDVWL EDLNGLDNVHVSDGDWDQJJDO0DUHW !
