You are on page 1of 78

 k

+$',763(57$0$

   M       


         
 
             O  
   
           
      
 
YWjgiWWXi|TWTiWOW wUlO Wgc:TgWwWL]gcTUUOTi@
Uccp~iWUlTinTlW^U`cTWllcTWTiUfWT
.RVDNDWD 

xT UwT

3HUEXDWDQ

 'LD QLDWNDQ

$UWL+DGLWVkf 

>YpTV[TbpLUhT

IiT

XLiT

6HVHRUDQJ

VHRUDQJZDQLWD

'DUL $PLUXO 0XPLQLQ $EL +DIV 8PDU ELQ $O .KRWWRE


UDGLDOODKXDQKXGLDEHUNDWD6D\DPHQGHQJDU5DVXOXOODKH
EHUVDEGD  6HVXQJJXKQ\D VHWLDS  SHUEXDWDQ  WHUJDQWXQJ
QLDWQ\D    'DQ  VHVXQJJXKQ\D  VHWLDS  RUDQJ  DNDQ
GLEDODV EHUGDVDUNDQ DSD \DQJ GLD QLDWNDQ 6LDSD \DQJ
 <DQJ GLPDNVXG SHUEXDWDQ GLVLQL DGDODK DPDO LEDGDK \DQJ PHPEX
WXKNDQ QLDW $GDSXQ SHUEXDWDQ EXUXN QLDW EDLNQ\D WLGDN DNDQ
PHUXEDKEXUXNQ\DPHQMDGLEDLN
1LDWDGDODKNHLQJLQDQGDQNHKHQGDNKDWL

KLMUDKQ\D  NDUHQD LQJLQ PHQGDSDWNDQ NHULGKDDQ  $OODK


GDQ 5DVXO1\D PDND KLMUDKQ\D NHSDGD NHULGKDDQ  $OODK
GDQ 5DVXO1\D 'DQ VLDSD \DQJ KLMUDKQ\D NDUHQD GXQLD
\DQJ GLNHKHQGDNLQ\D DWDX NDUHQD ZDQLWD \DQJ LQJLQ
GLQLNDKLQ\D PDND KLMUDKQ\D DNDQ EHUQLODL VHEDJDLPDQD 
\DQJGLDQLDWNDQ
5LZD\DW GXD LPDP KDGLWV $EX $EGXOODK 0XKDPPDG ELQ ,VPDLO
ELQ ,EUDKLPELQ$O0XJKLUDKELQ%DUGL]EDK$O%XNKRULGDQ$EX$O
+XVDLQ0XVOLPELQ$O+DMM DMELQ0XVOLP$O4XV\DLUL$Q1DLVKDEXUL
GDQ NHGXD NLWD 6KDKLKQ\D \DQJ PHUXSDNDQ NLWDE \DQJ SDOLQJ
VKDKLK\DQJSHUQDKGLNDUDQJ 

&DWDWDQ
 +DGLWVLQLPHUXSDNDQVDODKVDWXGDULKDGLWVKDGLWV\DQJ
PHQMDGLLQWLDMDUDQ,VODP,PDP$KPDGGDQ,PDPV\DILL
EHUNDWD  'DODP KDGLWV WHQWDQJ QLDW LQL PHQFDNXS
VHSHUWLJD LOPX 6HEDEQ\D DGDODK EDKZD SHUEXDWDQ
KDPED WHUGLUL GDUL SHUEXDWDQ KDWL OLVDQ GDQ DQJJRWD
EDGDQ VHGDQJNDQ QLDW PHUXSDNDQ VDODK VDWX GDUL
NHWLJDQ\D 'LULZD\DWNDQ GDUL ,PDP 6\DILL EDKZD GLD
EHUNDWD  +DGLWV LQL PHQFDNXS WXMXK SXOXK EDE GDODP
ILTK6HMXPODKXODPDEDKNDQDGD\DQJEHUNDWD+DGLWV
LQLPHUXSDNDQVHSHUWLJD,VODP
 +DGLWV LQL DGD VHEDEQ\D \DLWX DGD VHVHRUDQJ \DQJ
KLMUDK GDUL 0HNNDK NH 0DGLQDK GHQJDQ WXMXDQ XQWXN
GDSDW PHQLNDKL VHRUDQJ ZDQLWD \DQJ NRQRQ EHUQDPD 
8PPX 4DLV EXNDQ XQWXN PHQGDSDWNDQ NHXWDPDDQ
KLMUDK 0DND RUDQJ LWX NHPXGLDQ GLNHQDO GHQJDQ
VHEXWDQ0XKDMLU8PPL4DLV 2UDQJ\DQJKLMUDKNDUHQD
8PPX4DLV 

 +LMUDK VHFDUD EDKDVD DUWLQ\D  PHQLQJJDONDQ VHGDQJNDQ PHQXUXW


V\DULDWDUWLQ\DPHQLQJJDONDQQHJULNDILUPHQXMXQHJUL,VODPGHQJDQ
PDNVXGPHQ\HODPDWNDQDJDPDQ\D<DQJGLPDNVXGGDODPKDGLWVLQL
DGDODKSHUSLQGDKDQGDUL0HNNDKNH0DGLQDKVHEHOXP )DWKX0DNNDK
3HQDNOXNDQNRWD0HNNDKWK+ 

3HODMDUDQ\DQJWHUGDSDWGDODP+DGLWVk 

 1LDW PHUXSDNDQ V\DUDW OD\DNGLWHULPD DWDX WLGDNQ\D


DPDO SHUEXDWDQ GDQ DPDO LEDGDK WLGDN DNDQ
PHQGDWDQJNDQSDKDODNHFXDOLEHUGDVDUNDQQLDW NDUHQD
$OODKWDDOD 
 :DNWX SHODNVDQDDQ QLDW GLODNXNDQ SDGD DZDO LEDGDK
GDQWHPSDWQ\DGLKDWL
 ,NKODV GDQ PHPEHEDVNDQ QLDW VHPDWDPDWD NDUHQD
$OODK WDDOD GLWXQWXW SDGD VHPXD DPDO VKDOHK GDQ
LEDGDK
 6HRUDQJ PXPLQ DNDQ GLEHUL JDQMDUDQ SDKDOD
EHUGDVDUNDQNDGDUQLDWQ\D
 6HPXD SHEXDWDQ \DQJ EHUPDQIDDW GDQPXEDK EROHK 
MLND GLLULQJL QLDW NDUHQD PHQFDUL NHULGKRDQ $OODK PDND
GLDDNDQEHUQLODLLEDGDK
 <DQJ PHPEHGDNDQ DQWDUD LEDGDK GDQ DGDW
NHELDVDDQUXWLQLWDV DGDODKQLDW
 +DGLWV GLDWDV PHQXQMXNNDQ EDKZD QLDW PHUXSDNDQ
EDJLDQGDULLPDQNDUHQDGLDPHUXSDNDQSHNHUMDDQKDWL
GDQ LPDQ PHQXUXW SHPDKDPDQ $KOL 6XQQDK :DO
-DPDDK DGDODK PHPEHQDUNDQ GDODP KDWL GLXFDSNDQ
GHQJDQOLVDQGDQGLDPDONDQGHQJDQSHUEXDWDQ
7HPDWHPDKDGLWVk
1LDWGDQNHLNKODVDQ
+LMUDK
)LWQDKGXQLD

  


    
    

Hk

+$',76.('8$

  
       
O     M M

            


          
      
   M
M   M          
  
            
 
           

          
 
        
         
  
                
           
         

        
 O        
>lTi@  
.RVDNDWD 

vs

glL

} 0
hf~ hf~

7HUELWGDWDQJ

iUxT XTixT

.HGXDWHODSDN

Us[

0HQ\DQGDUNDQ
WDQJDQ

.HGXDSDKDQ\D

wTi IUwi
tT

WHODQMDQJ

3HQJJHPEDOD

VDOLQJPHQLQJJLNDQ
%HUDQJNDW%HUWRODN

YWi [Wi

~UcT XUcT

.HGXDOXWXWQ\D
WHODQMDQJNDNL

$UWLKDGLWVkf 

i]L

XiUL ZTiUL

%HNDV

WDQGDWDQGD

'DUL 8PDU UDGKLDOODKXDQKX MXJD GLD EHUNDWD  .HWLND


NDPLGXGXNGXGXNGLVLVL5DVXOXOODKH VXDWXKDULWLEDWLED
GDWDQJODK VHRUDQJ ODNLODNL \DQJ PHQJHQDNDQ EDMX \DQJ
VDQJDW SXWLK GDQ EHUDPEXW VDQJDW KLWDP WLGDN WDPSDN
SDGDQ\D EHNDVEHNDV SHUMDODQDQ MDXK GDQ WLGDN DGD
VHRUDQJSXQ GLDQWDUD NDPL \DQJ PHQJHQDOQ\D +LQJJD
NHPXGLDQ GLD GXGXN GLKDGDSDQ 1DEL ODOX PHQHPSHONDQ
NHGXD OXWXWQ\D NHSDGD NHSDGD OXWXWQ\D 5DVXOXOODK H 
VHUD\DEHUNDWD<D0XKDPPDGEHULWDKXNDQDNXWHQWDQJ
,VODP " PDND EHUVDEGDODK 5DVXOXOODKH  ,VODP DGDODK
HQJNDX EHUVDNVL EDKZD WLGDN DGD LODK WXKDQ \DQJ
GLVHPEDK VHODLQ$OODKGDQEDKZD1DEL0XKDPPDGDGDODK
XWXVDQ $OODK HQJNDX PHQGLULNDQ VKDODW PHQXQDLNDQ
]DNDW SXDVD 5DPDGKDQ GDQ SHUJL KDML MLND PDPSX 
NHPXGLDQGLDEHUNDWDDQGDEHQDU.DPLVHPXDKHUDQ
GLD\DQJEHUWDQ\DGLDSXOD\DQJPHPEHQDUNDQ.HPXGLDQ
GLD EHUWDQ\D ODJL  %HULWDKXNDQ DNX WHQWDQJ ,PDQ  /DOX
EHOLDXEHUVDEGD(QJNDXEHULPDQNHSDGD$OODKPDODLNDW
PDODLNDW1\D NLWDENLWDE1\D UDVXOUDVXO1\D GDQ KDUL
DNKLU GDQ HQJNDX EHULPDQ NHSDGD WDNGLU \DQJ EDLN
PDXSXQ \DQJ EXUXN  NHPXGLDQ GLD EHUNDWD  DQGD
EHQDU  .HPXGLDQ GLD EHUNDWD ODJL  %HULWDKXNDQ DNX
WHQWDQJ LKVDQ  /DOX EHOLDX EHUVDEGD  ,KVDQ DGDODK
HQJNDX EHULEDGDK NHSDGD $OODK VHDNDQDNDQ HQJNDX
PHOLKDWQ\DMLNDHQJNDXWLGDNPHOLKDWQ\DPDND'LDPHOLKDW
HQJNDX.HPXGLDQGLDEHUNDWD%HULWDKXNDQDNXWHQWDQJ
KDUL NLDPDW NDSDQ NHMDGLDQQ\D  %HOLDX EHUVDEGD  <DQJ
GLWDQ\DWLGDNOHELKWDKXGDUL\DQJEHUWDQ\D'LDEHUNDWD
 %HULWDKXNDQ DNX WHQWDQJ WDQGDWDQGDQ\D  EHOLDX
EHUVDEGD   -LND VHRUDQJ KDPED PHODKLUNDQ WXDQQ\D GDQ
MLND HQJNDX PHOLKDW VHRUDQJ EHUWHODQMDQJ NDNL GDQ GDGD
PLVNLQ GDQ SHQJJHPEDOD GRPED NHPXGLDQ   EHUORPED

ORPED PHQLQJJLNDQ EDQJXQDQQ\D  NHPXGLDQ RUDQJ LWX


EHUODOX GDQ DNX EHUGLDP VHEHQWDU .HPXGLDQ EHOLDX
5DVXOXOODKH  EHUWDQ\D  7DKXNDK HQJNDX VLDSD \DQJ
EHUWDQ\D " DNX EHUNDWD  $OODK GDQ 5DVXO1\D OHELK
PHQJHWDKXL  %HOLDX EHUVDEGD  'LD DGDODK -LEULO \DQJ
GDWDQJ NHSDGD NDOLDQ EHUPDNVXG  PHQJDMDUNDQ DJDPD
NDOLDQ 5LZD\DW0XVOLP
&DWDWDQ
x +DGLWV LQL PHUXSDNDQ KDGLWV \DQJ VDQJDW GDODP
PDNQDQ\D NDUHQD GLGDODPQ\D WHUGDSDW SRNRNSRNRN
DMDUDQ,VODP \DLWX,PDQ,VODPGDQ,KVDQ
x +DGLWV LQL PHQJDQGXQJ PDNQD \DQJ VDQJDW DJXQJ
NDUHQD EHUDVDO GDUL GXD PDNKOXN $OODK \DQJ
WHUSHUFD\D \DLWX $PLLQXVVDPDD
NHSHUFD\DDQ
PDNKOXN GL ODQJLW-LEULO  GDQ $PLLQXO $UGK
NHSHUFD\DDQPDNKOXNGLEXPL5DVXOXOODKH 
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 'LVXQQDKNDQ XQWXN PHPSHUKDWLNDQ NRQGLVL  SDNDLDQ


SHQDPSLODQ GDQ NHEHUVLKDQ NKXVXVQ\D MLND
PHQJKDGDSLXODPDRUDQJRUDQJPXOLDGDQSHQJXDVD
 6LDSD \DQJ PHQJKDGLUL PDMOLV LOPX GDQ PHQDQJNDS
EDKZDRUDQJRUDQJ\DQJKDGLUEXWXKXQWXNPHQJHWDKXL
VXDWX PDVDODK GDQ WLGDN DGD VHRUDQJSXQ \DQJ
EHUWDQ\D PDND ZDMLE EDJLQ\D EHUWDQ\D WHQWDQJ KDO
WHUVHEXWPHVNLSXQGLDPHQJHWDKXLQ\DDJDUSHVHUWD\DQJ
KDGLUGDSDWPHQJDPELOPDQIDDWGDULQ\D
 -LND VHVHRUDQJ \DQJ GLWDQ\D WHQWDQJ VHVXDWX PDND
WLGDNDGDFHODEDJLQ\DXQWXNEHUNDWD6D\DWLGDNWDKX
GDQKDOWHUVHEXWWLGDNPHQJXUDQJLNHGXGXNDQQ\D
 .HPXQJNLQDQPDODLNDWWDPSLOGDODPZXMXGPDQXVLD
 7HUPDVXN WDQGD KDUL NLDPDW DGDODK EDQ\DNQ\D
SHPEDQJNDQJDQ WHUKDGDS NHGXD RUDQJ WXD 6HKLQJJD
DQDNDQDN PHPSHUODNXNDQ NHGXD RUDQJ WXDQ\D
VHEDJDLPDQDVHRUDQJWXDQPHPSHUODNXNDQKDPEDQ\D

 7LGDNGLVXNDLQ\DPHQGLULNDQEDQJXQDQ\DQJWLQJJLGDQ
PHPEDJXVNDQQ\DVHSDQMDQJWLGDNDGDNHEXWXKDQ
 'LGDODPQ\D WHUGDSDW GDOLO EDKZD SHUNDUD JKDLE WLGDN
DGD\DQJPHQJHWDKXLQ\DVHODLQ $OODKWDDOD
 'LGDODPQ\DWHUGDSDWNHWHUDQJDQWHQWDQJDGDEGDQFDUD
GXGXNGDODPPDMOLVLOPX
7HPDWHPDKDGLWVk 

,PDQ
   GOO
,VODP
      
,KVDQ
    
+DULDNKLU    
,OPXJKDLEKDQ\D$OODK\DQJPHQJHWDKXL  
  
%HODMDU PHQJDMDUNDQ,VODP

k

+$',76.(7,*$

   M        


          
   
 M M       
  
    
> lhi[TTi@
.RVDNDWD 

Z
A xl

 VD\D PHQGHQJDU

?W
 W

'LEDQJXQ

7HUMHPDKKDGLWVkf 

'DUL $EX $EGXUUDKPDQ $EGXOODK ELQ 8PDU ELQ $OK


.KRWWRE UDGLDOODKXDQKXPD GLD EHUNDWD  6D\D PHQGHQJDU
5DVXOXOODK H EHUVDEGD  ,VODP GLEDQJXQ GLDWDV OLPD
SHUNDUD %HUVDNVL EDKZD WLDGD ,ODK \DQJ EHUKDN GLVHPEDK
VHODLQ $OODK GDQ EDKZD QDEL 0XKDPPDG XWXVDQ $OODK
PHQHJDNNDQVKDODWPHQXQDLNDQ]DNDWPHODNVDQDNDQKDML
5LZD\DW7XUPX]LGDQ0XVOLP
GDQSXDVD5DPDGKDQ
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk

 

 5DVXOXOODK H PHQ\DPDNDQ ,VODP GHQJDQ EDQJXQDQ


\DQJNRNRKGDQWHJDNGLDWDVWLDQJWLDQJ\DQJPDQWDS
 3HUQ\DWDDQ WHQWDQJ NHHVDDQ $OODK GDQ NHEHUDGDDQQ\D
PHPEHQDUNDQNHQDELDQ0XKDPPDGHPHUXSDNDQKDO
\DQJ SDOLQJ PHQGDVDU GLEDQGLQJ UXNXQUXNXQ \DQJ
ODLQQ\D
 6HODOX PHQHJDNNDQ VKDODW GDQ PHQXQDLNDQQ\D VHFDUD
VHPSXUQD GHQJDQ V\DUDW UXNXQQ\D DGDEDGDEQ\D GDQ
VXQQDKVXQQDKQ\D DJDU GDSDW PHPEHULNDQ EXDKQ\D
GDODP GLUL VHRUDQJ PXVOLP \DLWX PHQLQJJDONDQ
SHUEXDWDQ NHML GDQ PXQNDU NDUHQD VKDODW PHQFHJDK
VHVHRUDQJGDULSHUEXDWDQNHMLGDQPXQNDU
 :DMLE PHQJHOXDUNDQ ]DNDW GDUL KDUWD RUDQJ ND\D \DQJ
V\DUDWV\DUDW ZDMLEQ\D ]DNDW VXGDK DGD SDGD PHUHND
ODOXPHPEHULNDQQ\DNHSDGDRUDQJRUDQJIDNLUGDQ\DQJ
PHPEXWXKNDQ
 :DMLEQ\D PHQXQDLNDQ LEDGDK KDML GDQ SXDVD
5DPDGKDQ EDJLVHWLDSPXVOLP
 $GDQ\D NHWHUNDLWDQ UXNXQ ,VODP VDWX VDPD ODLQ 6LDSD
\DQJ PHQJLQJNDULQ\D PDND GLD EXNDQ VHRUDQJ PXVOLP
EHUGDVDUNDQLMPD
 1DVKGLDWDVPHQXQMXNNDQEDKZDUXNXQ,VODPDGDOLPD
GDQPDVLKEDQ\DNODJLSHUNDUDODLQ\DQJSHQWLQJGDODP
,VODP \DQJ WLGDN GLWXQMXNNDQ GDODP KDGLWV 5DVXOXOODK
H EHUVDEGD

   

,PDQLWXWHUGDSDWWXMXKSXOXKOHELKFDEDQJ
 ,VODP DGDODK DTLGDK GDQ DPDO SHUEXDWDQ 7LGDN
EHUPDQIDDW DPDO WDQSD LPDQ GHPLNLDQ MXJD WLGDN
EHUPDQIDDWLPDQWDQSDDPDO
7HPDWHPDKDGLWVk 

:DODGDQ%DUDGDODPV\DKDGDWDLQ   


6KDODW
   
=DNDW
   
+DML
   
3XDVD
  

k

+$',76.((03$7

           


  M 
 
       
       
 
       
    
         
     M   M   
  
 
  M       

       M    

    
   M     
  

> @
.RVDNDWD



U]gc PHQ\DPSDLNDQ NSGNDPL

G?f

Yw

Y|r

sW

 ?T
`L

gxl

Wl

SHUXW

VHWHWHVGDUDK

EHQWXNWXQJJDOGDULYS
NHPDWLDQ Q\D 

EDKDJLD

PHQGDKXOXL

7HUMHPDK+DGLWVkf 

Ys

e
A AG

n

uTih

SHQFLSWDDQ Q\D
VHWHWHVPDQL

VHJXPSDOGDJLQJ

0HQLXS
&HODND

KDVWD MDUDNDQWDUD

WHODSDNWDQJDQGDQVLNX

'DUL $EX $EGXUUDKPDQ $EGXOODK ELQ 0DVXG


UDGLDOODKXDQKX
EHOLDX
EHUNDWD

5DVXOXOODKH
PHQ\DPSDLNDQNHSDGDNDPLGDQEHOLDXDGDODKRUDQJ\DQJ
EHQDU GDQ GLEHQDUNDQ  6HVXQJJXKQ\D VHWLDS NDOLDQ
GLNXPSXONDQ SHQFLSWDDQQ\D GL SHUXW LEXQ\D VHEDJDL
VHWHWHVPDQLVHODPDHPSDWSXOXKKDULNHPXGLDQEHUXEDK
PHQMDGLVHWHWHVGDUDKVHODPDHPSDWSXOXKKDULNHPXGLDQ
PHQMDGL VHJXPSDO GDJLQJ VHODPD HPSDW SXOXK KDUL
.HPXGLDQ GLXWXV NHSDGDQ\D VHRUDQJ PDODLNDW ODOX
GLWLXSNDQ SDGDQ\D UXK GDQ GLD GLSHULQWDKNDQ XQWXN
PHQHWDSNDQHPSDWSHUNDUDPHQHWDSNDQUL]NLQ\DDMDOQ\D
DPDOQ\DGDQNHFHODNDDQDWDXNHEDKDJLDDQQ\D'HPL$OODK
\DQJ WLGDN DGD LODK VHODLQ1\D VHVXQJJXKQ\D GLDQWDUD
NDOLDQ DGD \DQJ PHODNXNDQ SHUEXDWDQ DKOL V\XUJD KLQJJD
MDUDNDQWDUDGLULQ\DGDQV\XUJDWLQJJDOVHKDVWDDNDQWHWDSL
WHODK GLWHWDSNDQ EDJLQ\D NHWHQWXDQ GLD PHODNXNDQ
SHUEXDWDQ DKOL QHUDND PDND PDVXNODK GLD NH GDODP
QHUDNDVHVXQJJXKQ\DGLDQWDUDNDOLDQDGD\DQJPHODNXNDQ

SHUEXDWDQ DKOL QHUDND KLQJJD MDUDN DQWDUD GLULQ\D GDQ


QHUDNDWLQJJDOVHKDVWDDNDQWHWDSLWHODKGLWHWDSNDQEDJLQ\D
NHWHQWXDQ GLD PHODNXNDQ SHUEXDWDQ DKOL V\XUJD  PDND
PDVXNODKGLDNHGDODPV\XUJD 5LZD\DW%XNKRULGDQ0XVOLP 
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 $OODK WDDOD PHQJHWDKXL WHQWDQJ NHDGDDQ PDNKOXNQ\D


VHEHOXP PHUHND GLFLSWDNDQ GDQ DSD\DQJDNDQPHUHND
DODPLWHUPDVXNPDVDODKNHEDKDJLDDQGDQNHFHODNDDQ
 7LGDN PXQJNLQ EDJL PDQXVLD GL GXQLD LQL XQWXN
PHPXWXVNDQEDKZDGLULQ\DPDVXNV\XUJDDWDXQHUDND
DNDQ WHWDSL DPDO SHUEXWDQ PHUXSDNDQ VHEDE XQWXN
PHPDVXNLNHGXDQ\D
 $PDO SHUEXDWDQ GLQLODL GL DNKLUQ\D 0DND KHQGDNODK
PDQXVLD WLGDN WHUSHGD\D GHQJDQ NRQGLVLQ\D VDDW LQL
MXVWUX KDUXV VHODOX PRKRQ NHSDGD $OODK DJDU GLEHUL
NHWHJXKDQGDQDNKLU\DQJEDLN KXVQXONKRWLPDK 
 'LVXQQDKNDQ EHUVXPSDK XQWXN PHQGDWDQJNDQ
NHPDQWDSDQVHEXDKSHUNDUDGDODPMLZD
 7HQDQJ GDODP PDVDODK UL]NL GDQ TDQDDK PHQHULPD 
GHQJDQ PHQJDPELO VHEDEVHEDE VHUWD WLGDN WHUODOX
PHQJHMDUQJHMDUQ\D
GDQ
PHQFXUDKNDQ
KDWLQ\D
NDUHQDQ\D
 .HKLGXSDQ DGD GL WDQJDQ $OODK 6HVHRUDQJ WLGDN DNDQ
PDWLNHFXDOLGLDWHODKPHQ\HPSXUQDNDQXPXUQ\D
 6HEDJLDQ XODPD GDQ RUDQJ ELMDN EHUNDWD  EDKZD
GLMDGLNDQQ\D SHUWXPEXKDQ MDQLQ PDQXVLD GDODP
NDQGXQJDQ VHFDUD EHUDQJVXUDQJVXU DGDODK VHEDJDL
UDVD EHODV NDVLK WHUKDGDS LEX .DUHQD VHVXQJJXKQ\D
$OODKPDPSXPHQFLSWDNDQQ\DVHNDOLJXV
7HPDWHPDKDGLWVk 





3HQJRUEDQDQVHRUDQJLEX\DQJPHQJDQGXQJ 
7HRULUHSURGXNVLPDQXVLD  
7DNGLU
  
+XVQXONKRWLPDK
  

lk

+$',76.(/,0$

           


               
> g i   ~? U?i  L ?w
 k
 ? ; w
 w
   lYTi~liUfWTTi@ 
.RVDNDWD 

\gcL

0HQJDGDDGD

7HUMHPDKKDGLWVkf 

g i 7HUWRODN

'DUL 8PPXO 0XPLQLQ 8PPX $EGLOODK $LV\DK


UDGKLDOODKXDQKD GLD EHUNDWD  5DVXOXOODK H EHUVDEGD 
6LDSD \DQJ PHQJDGDDGD GDODP XUXVDQ DJDPD  NDPL LQL
\DQJ EXNDQ EHUDVDO  GDULQ\D  PDND GLD WHUWRODN 5LZD\DW
%XNKRUL GDQ 0XVOLP  GDODP ULZD\DW 0XVOLP GLVHEXWNDQ VLDSD
\DQJ PHODNXNDQ VXDWX SHUEXDWDQ LEDGDK  \DQJ EXNDQ
XUXVDQ DJDPD NDPLPDNDGLDWHUWRODN 
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 <DQJ GLPDNVXG DGDODK SHUEXDWDQSHUEXDWDQ \DQJ GLQLODL LEDGDK


WHWDSLWLGDNEHUVXPEHUGDULDMDUDQ,VODPGDQWLGDNPHPLOLNLODQGDVDQ
\DQJMHODVDWDX\DQJOHELKGLNHQDOGHQJDQLVWLODKELGDK

 6HWLDS SHUEXDWDQ LEDGDK \DQJ WLGDN EHUVDQGDU SDGD


GDOLOV\DULGLWRODNGDULSHODNXQ\D
 /DUDQJDQ GDUL SHUEXDWDQ ELGDK \DQJ EXUXN
EHUGDVDUNDQV\DULDW
 ,VODPDGDODKDJDPD\DQJEHUGDVDUNDQLWWLED PHQJLNXWL
EHUGDVDUNDQ GDOLO  EXNDQ LEWLGD PHQJDGDDGDNDQ
VHVXDWX WDQSD GDOLO  GDQ 5DVXOXOODKH WHODK EHUXVDKD
PHQMDJDQ\D GDUL VLNDS \DQJ EHUOHELKOHELKDQ GDQ
PHQJDGDDGD
 $JDPD ,VODP DGDODK DJDPD \DQJ VHPSXUQD WLGDN DGD
NXUDQJQ\D
7HPDWHPDKDGLWVk 
.HVHPSXUQDDQ,VODP
%LGDKGDQWDNOLG

 
  

k
+$',76.((1$0

           


   M    M    M   M
           
     
   
          

M              


   M     M    O

 N 

   
   N 

  
 
 

  
>liUfWTTi@
.RVDNDWD 
W

ZUW[n
LiW [? lT

MHODV

iL iL 3HUNDUDSHUNDUD

0HPEHEDVNDQ

riw

VDPDUV\XEKDW

WHUMHUXPXVPHODNXNDQ

KDPSLUQ\DULV

wi
Y|r

Z gl~

PHQJJHPEDOD

VHJXPSDOGDJLQJ

UXVDN

7HUMHPDKKDGLWV

[T

wTiT

cT

Z bp

kf 

0HQJKLQGDU

NHKRUPDWDQ Q\D

SHQJJHPEDOD
SHPLPSLQ

EDWDVSHPDWDQJ
EDLNOD\DN

'DUL$EX$EGLOODK1XPDQELQ%DV\LUUDGKLDOODKXDQKXGLD
EHUNDWD 6D\D PHQGHQJDU 5DVXOXOODK H EHUVDEGD
6HVXQJJXKQ\D \DQJ KDODO LWX MHODV GDQ \DQJ KDUDP LWX
MHODV 'LDQWDUD NHGXDQ\D WHUGDSDW SHUNDUDSHUNDUD \DQJ
V\XEKDW VDPDUVDPDU  \DQJ WLGDN GLNHWDKXL ROHK RUDQJ
EDQ\DN 0DND VLDSD \DQJ WDNXW WHUKDGDSV\XEKDW EHUDUWL
GLD WHODK PHQ\HODPDWNDQ DJDPD GDQ NHKRUPDWDQQ\D 'DQ
VLDSD \DQJ WHUMHUXPXVGDODPSHUNDUDV\XEKDWPDNDDNDQ
WHUMHUXPXV GDODP SHUNDUD \DQJ GLKDUDPNDQ6HEDJDLPDQD
SHQJJHPEDOD \DQJ PHQJJHPEDODNDQ KHZDQ JHPEDODDQQ\D
GLVHNLWDU ODGDQJ \DQJGLODUDQJXQWXNPHPDVXNLQ\DPDND
ODPEDW ODXQ GLD DNDQ PHPDVXNLQ\D .HWDKXLODK EDKZD
VHWLDS UDMD PHPLOLNL ODUDQJDQ GDQ ODUDQJDQ $OODK DGDODK
DSD \DQJ 'LD KDUDPNDQ .HWDKXLODK EDKZD GDODP GLUL LQL
WHUGDSDW VHJXPSDO GDJLQJ MLND GLD EDLN PDND EDLNODK

VHOXUXK WXEXK LQL GDQ MLND GLD EXUXN PDND EXUXNODK


VHOXUXK WXEXK NHWDKXLODK EDKZD GLD DGDODK KDWL 
5LZD\DW%XNKRULGDQ0XVOLP

&DWDWDQ
x +DGLWV LQL PHUXSDNDQ VDODK VDWX ODQGDVDQ SRNRN
GDODP V\DULDW $EX 'DXG EHUNDWD  ,VODP LWX EHUSXWDU
GDODPHPSDWKDGLWVNHPXGLDQGLDPHQ\HEXWNDQKDGLWV
LQLVDODKVDWXQ\D
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 7HUPDVXNVLNDSZDUD DGDODKPHQLQJJDONDQV\XEKDW
 %DQ\DN PHODNXNDQ V\XEKDW DNDQ PHQJDQWDUNDQ
VHVHRUDQJNHSDGDSHUEXDWDQKDUDP
 0HQMDXKNDQ SHUEXDWDQ GRVD NHFLO NDUHQD KDO WHUVHEXW
GDSDWPHQ\HUHWVHVHRUDQJNHSDGDSHUEXDWDQGRVDEHVDU
 0HPEHULNDQ SHUKDWLDQ WHUKDGDS PDVDODK KDWL NDUHQD
SDGDQ\DWHUGDSDWNHEDLNDQILVLN
 %DLNQ\D DPDO SHUEXDWDQ DQJJRWD EDGDQ PHUXSDNDQ
SHUWDQGDEDLNQ\DKDWL
 3HUWDQGD NHWDNZDDQ VHVHRUDQJ MLND GLD PHQLQJJDONDQ
SHUNDUDSHUNDUD \DQJ GLSHUEROHKNDQ NDUHQD NKDZDWLU
DNDQWHUMHUXPXVNHSDGDKDOKDO\DQJGLKDUDPNDQ
 0HQXWXS SLQWX WHUKDGDS SHOXDQJSHOXDQJ SHUEXDWDQ
KDUDPVHUWDKDUDPQ\DVDUDQDGDQFDUDNHDUDKVDQD
 +DWLKDWL GDODP PDVDODK DJDPD GDQ NHKRUPDWDQ VHUWD
WLGDN PHODNXNDQ SHUEXDWDQSHUEXDWDQ \DQJ GDSDW
PHQGDWDQJNDQSHUVDQJNDDQEXUXN
7HPDWHPDKDGLWVk 
3HQHWDSDQKDODOGDQKDUDP

   

 :DUD DGDODK VLNDS GDUL UDVD WDNXWQ\D VHVHRUDQJ GDUL


SHUEXDWDQKDUDP

0HQJKLQGDULV\XEKDW
.HGXGXNDQKDWL
$OODK0DKD%HUNXDVD 5DMD

 
   
  

k

+$',76.(78-8+

  M   M             


   M        M
     
>liUfWTTi@

'DUL $EX 5XTR\DK 7DPLP $G 'DDUL UDGKLDOODKXDQKX


VHVXQJJXKQ\D 5DVXOXOODK H EHUVDEGD  $JDPD DGDODK
QDVHKDW  NDPLEHUNDWD.HSDGDVLDSD"EHOLDXEHUVDEGD
 .HSDGD $OODK NLWDE1\D 5DVXO1\D GDQ NHSDGD
SHPLPSDQ NDXP PXVOLPLQ GDQ UDN\DWQ\D   5LZD\DW
%XNKRULGDQ0XVOLP

3HODMDUDQ
 $JDPD ,VODP EHUGLUL WHJDN GLDWDV XSD\D VDOLQJ
PHQDVLKDWL PDND KDUXV VHODOX VDOLQJ PHQDVLKDWL
GLDQWDUDPDVLQJPDVLQJLQGLYLGXPXVOLP
 1DVLKDWZDMLEGLODNXNDQVHVXDLNHPDPSXDQQ\D
7HPDKDGLWVGDQD\DW\DQJWHUNDLWGHQJDQQ\D

1DVHKDWDGDODKXQJNDSDQ\DQJPHQ\HOXUXKEHUXSDNHLQJLQDQ\DQJ
PHQFDNXSVHPXDNHEDLNDQ
<DQJGLPDNVXGDGDODKEDKZDQDVHKDWPHUXSDNDQSHQRSDQJDJDPD
 <DQJ GLPDNVXG GHQJDQ QDVHKDW NHSDGD $OODK DGDODK EHULPDQ
NHSDGDQ\D WLGDN PHQ\HNXWXNDQQ\D PHQVXFLNDQQ\D GDUL VHJDOD
NHNXUDQJDQ WDDW NHSDGD1\D GDQ WLGDN EHUPDNVLDW NHSDGD1\D
1DVHKDW NHSDGD 5DVXO1\D DGDODK PHPEHQDUNDQ ULVDODKQ\D EHULPDQ
NHSDGD VHPXD \DQJ GLEDZDQ\D PHQJKRUPDWLQ\D PHODNVDQDNDQQ\D
DMDUDQQ\DGOO

'DZDKGDQ$PDU0DUXI1DKLPXQNDU 
 
 3HQWLQJQ\D VHODOX XSD\D XQWXN VDOLQJ PHQJLQJDWNDQ 
  

k

+$',76.('(/$3$1

 M  M    



 M M         
        
D     M    
> liUfWTTi@

.RVDNDWD 

Z
A i L
IUg

DNXGLSHULQWDKNDQ

EHQWXNMDPDNGDULg 
GDUDK

[U?L

Tpw

7HUMHPDKKDGLWVkf 

 DNX 0HPHUDQJL

PHUHNDWHUOLQGXQJ

'DUL ,EQX 8PDU UDGKLDOODKXDQKXPD VHVXQJJXKQ\D


5DVXOXOODK H EHUVDEGD  $NX GLSHULQWDKNDQ XQWXN
PHPHUDQJL PDQXVLD KLQJJD PHUHND EHUVDNVL EDKZD WLGDN
DGD LODK VHODLQ $OODK GDQ EDKZD 0XKDPPDG DGDODK
5DVXOXOODK PHQHJDNNDQ VKDODW PHQXQDLNDQ ]DNDW -LND
PHUHND PHODNXNDQ KDO LWX PDND GDUDK GDQKDUWDPHUHND
DNDQGLOLQGXQJLNHFXDOLGHQJDQKDN,VODPGDQSHUKLWXQJDQ
PHUHNDDGDSDGD$OODK8 5LZD\DW%XNKRULGDQ0XVOLP

&DWDWDQ
+DGLWVLQLVHFDUDSUDNWLVGLDODPL]DPDQNHNKDOLIDKDQ
$EX %DNDU $V6KLGGLT VHMXPODK UDN\DWQ\D DGD \DQJ
NHPEDOL NDILU 0DND $EX %DNDU EHUWHNDG PHPHUDQJL
PHUHND WHUPDVXN GLDQWDUDQ\D PHUHND \DQJ PHQRODN
PHPED\DU ]DNDW  0DND 8PDU ELQ .KRWWRE PHQHJXUQ\D
VHUD\D EHUNDWD   %DJDLPDQD NDPX DNDQ PHPHUDQJL
PHUHND \DQJ PHQJXFDSNDQ /DD ,ODDKD ,OODOODK VHGDQJNDQ
5DVXOXOODK WHODK EHUVDEGD  $NX GLSHULQWDKNDQ VHSHUWL
KDGLWV GLDWDV   0DND EHUNDWDODK $EX %DNDU 
6HVXQJJXKQ\D ]DNDW DGDODK KDNQ\D KDUWD  KLQJJD
DNKLUQ\D8PDUPHQHULPDGDQLNXWEHUVDPDQ\DPHPHUDQJL
PHUHND
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 0DNOXPDW SHSHUDQJDQ NHSDGD PHUHND \DQJ PXV\ULN


KLQJJDPHUHNDVHODPDW
 'LSHUEROHKNDQQ\D PHPEXQXK RUDQJ \DQJ PHQJLQJNDUL
VKDODWGDQPHPHUDQJLPHUHND\DQJPHQRODNPHPED\DU
]DNDW
 7LGDN GLSHUEROHKNDQ EHUODNX VHZHQDQJZHQDQJ
WHUKDGDSKDUWD GDQGDUDKNDXPPXVOLPLQ
 'LSHUEROHKNDQQ\D KXNXPDQ  PDWL EDJL VHWLDS PXVOLP
MLND GLD PHODNXNDQ SHUEXDWDQ \DQJ PHQXQWXW
GLMDWXKNDQQ\D KXNXPDQ VHSHUWL LWX VHSHUWL  %HU]LQD
EDJLRUDQJ\DQJVXGDKPHQLNDK PXKVKDQ PHPEXQXK
RUDQJODLQGHQJDQVHQJDMDGDQPHQLQJJDONDQDJDPDQ\D
GDQMDPDDKQ\D
 'DODP KDGLWV LQL WHUGDSDW MDZDEDQ EDJL NDODQJDQ
PXUMLDK\DQJPHQJLUDEDKZDLPDQWLGDNPHPEXWXKNDQ
DPDOSHUEXDWDQ

0DNVXGQ\DDGDODKEDKZDPHUHND\DQJWLGDNPHPED\DU]DNDWEHUKDN
GLSHUDQJLEHUGDVDUNDQKDN DMDUDQ ,VODPVHSHUWL\DQJGLVLQJJXQJGDODP
KDGLWV

 7LGDN PHQJNDILUNDQ SHODNX ELGDK \DQJ PHQ\DWDNDQ


NHHVDDQ$OODKGDQPHQMDODQNDQV\DULDWQ\D
 'LGDODPQ\DWHUGDSDWGDOLOEDKZDGLWHULPDQ\DDPDO\DQJ
]KDKLU GDQ PHQJKXNXPL EHUGDVDUNDQ VHVXDWX \DQJ
]KDKLU VHPHQWDUD \DQJ WHUVHPEXQ\L GLOLPSDKNDQ
NHSDGD$OODK
7HPDWHPDKDGLWVk 

 $TLGDKGDQV\DULDWKDUXVGLWHJDNNDQ 
 3HUOLQGXQJDQWHUKDGDSQ\DZDGDQKDUWD  
 %HVDUQ\DNHGXGXNDQ]DNDW  

k

+$',76.(6(0%,/$1

       

    
        M M 
   M       
       
>liUfWTTi@
.RVDNDWD 

A[  $NX ODUDQJNDOLDQ


A[AiL

 $NX SHULQWDKNDQNDOLDQ

TW[`T 0HUHNDPHQJKLQGDUL Q\D

 ?L

7HUMHPDKKDGLWVkf 

0HQJKDQFXUNDQ

'DUL $EX +XUDLUDK $EGXUUDKPDQ ELQ 6DNKU


UDGKLDOODKXDQKX GLD EHUNDWD  6D\D PHQGHQJDU 5DVXOXOODK
H EHUVDEGD  $SD \DQJ DNX ODUDQJ KHQGDNODK NDOLDQ
PHQJKLQGDULQ\D GDQ DSD \DQJ DNX SHULQWDKNDQ PDND

KHQGDNODK
NDOLDQ
ODNVDQDNDQ
VHPDPSX
NDOLDQ
6HVXQJJXKQ\D NHKDQFXUDQ RUDQJRUDQJ VHEHOXP NDOLDQ
DGDODK NDUHQD EDQ\DNQ\D SHUWDQ\DDQ PHUHND \DQJ WLGDN
EHUJXQD  GDQ SHQHQWDQJDQ PHUHND WHUKDGDS QDELQDEL
%XNKRULGDQ0XVOLP
PHUHND
3HODMDUDQ
 :DMLEQ\D PHQJKLQGDUL VHPXD DSD \DQJ GLODUDQJ ROHK
5DVXOXOODKH
 6LDSD \DQJ WLGDN PDPSX PHODNXNDQ SHUEXDWDQ \DQJ
GLSHULQWDKNDQ VHFDUD NHVHOXUXKDQ GDQ GLD KDQ\D
PDPSX VHEDJLDQQ\D VDMD PDND GLD KHQGDNQ\D
PHODNVDQDNDQDSD\DQJGLDPDPSXODNVDQDNDQ
 $OODK WLGDN DNDQ PHPEHEDQNDQ NHSDGD VHVHRUDQJ
NHFXDOLVHVXDLGHQJDQNDGDUNHPDPSXDQQ\D
 3HUNDUD \DQJ PXGDK WLGDN JXJXU NDUHQD SHUNDUD \DQJ
VXOLW
 0HQRODN
NHEXUXNDQ
OHELK
GLXWDPDNDQ
GDUL
PHQGDWDQJNDQNHPDVODKDWDQ
 /DUDQJDQ XQWXN VDOLQJ EHUWLNDL GDQ DQMXUDQ XQWXN
EHUVDWXGDQEHUVHSDNDW
 :DMLE PHQJLNXWL 5DVXOXOODK H WDDW GDQ PHQHPSXK
MDODQNHVHODPDWDQGDQNHVXNVHVDQ
 $O +DIL] EHUNDWD  'DODP KDGLWV LQL WHUGDSDW LV\DUDW
XQWXN PHQ\LEXNNDQ GLUL GHQJDQ SHUNDUD \DQJ OHELK
SHQWLQJ \DQJ GLEXWXKNDQ VDDW LWX NHWLPEDQJ SHUNDUD
\DQJVDDWWHUVHEXWEHOXPGLEXWXKNDQ
7HPDKDGLWVGDQD\DW\DQJWHUNDLW
3DWXKNHSDGD5DVXOXOODKH  
%HUWDNZDVHEDWDVNHPDPSXDQ 
 %HUGHEDW\DQJWDNEHUJXQDGDQEHUWLNDLVXPEHUNHKDQ
FXUDQ

k

+$',76.(6(38/8+

 M M       


    M  M      M 
  M      ,   
   M   ,    
       
     
                  

     
 O
>lTi@
.RVDNDWD

\xnL

0HQHULPD

.XPDO

g 0HPDQMDQJNDQPHQJDQJNDW
7HUMHPDKKDGLWV

kf

iW{L

0M~

3DQMDQJMDXK

%HUGHEXGHNLO

0DNDGDULPDQDEDJDLPDQD

'DUL $EX +XUDLUDK UDGKLDOODKXDQKX GLD EHUNDWD 


5DVXOXOODKH EHUVDEGD 6HVXQJJXKQ\D$OODKWDDODLWXEDLN
WLGDNPHQHULPDNHFXDOL\DQJEDLN'DQVHVXQJJXKQ\D$OODK
PHPHULQWDKNDQ RUDQJ EHULPDQ VHEDJDLPDQD GLD
PHPHULQWDKNDQ SDUD UDVXO1\D GHQJDQ ILUPDQQ\D :DKDL
3DUD 5DVXO PDNDQODK \DQJ EDLNEDLN GDQ EHUDPDO
VKDOHKODK 'DQ 'LD EHUILUPDQ  :DKDL RUDQJRUDQJ \DQJ
EHULPDQ PDNDQODK \DQJ EDLNEDLN GDUL DSD \DQJ .DPL
UL]NLNDQNHSDGDNDOLDQ.HPXGLDQEHOLDXPHQ\HEXWNDQDGD

VHVHRUDQJ PHODNXNDQ SHUMDODQ MDXK GDODP NHDGDDQ NXPDO


GDQEHUGHEX'LDPHPDQMDWNDQNHGXDWDQJDQQ\DNHODQJLW
VHUD\D EHUNDWD  <D 5REENX <D 5REENX SDGDKDO
PDNDQDQQ\D KDUDP PLQXPDQQ\D KDUDP SDNDLDQQ\D
KDUDP GDQ NHEXWXKDQQ\D GLSHQXKL GDUL VHVXDWX \DQJ
KDUDP PDND MLND EHJLWX NHDGDDQQ\D  EDJDLPDQD GRDQ\D
5LZD\DW0XVOLP 
DNDQGLNDEXONDQ
3HODMDUDQ
 'DODP KDGLWV GLDWDV WHUGDSDW SHODMDUDQ DNDQ VXFLQ\D
$OODKWDDODGDULVHJDODNHNXUDQJDQGDQFHOD
 $OODK WDDOD WLGDN PHQHULPD NHFXDOL VHVXDWX \DQJ EDLN
0DND VLDSD \DQJ EHUVHGHNDK GHQJDQ EDUDQJ KDUDP
WLGDNDNDQGLWHULPD
 6HVXDWX\DQJGLVHEXWEDLNDGDODKDSD\DQJGLQLODLEDLN
GLVLVL$OODKWDDOD
 %HUODUXWODUXW
GDODP
SHUEXDWDQ
KDUDP
DNDQ
PHQJKDODQJLVHVHRUDQJGDULWHUNDEXOQ\DGRD
 2UDQJ \DQJ PDNVLDW WLGDN WHUPDVXN PHUHND \DQJ
GLNDEXONDQ GRDQ\D NHFXDOL PHUHND \DQJ $OODK
NHKHQGDNL
 0DNDQEDUDQJKDUDPGDSDWPHUXVDNDPDOGDQPHQMDGL
SHQJKDODQJGLWHULPDQ\DDPDOSHUEXDWDQ
 $QMXUDQ XQWXN EHULQIDT GDUL EDUDQJ \DQJ KDODO GDQ
ODUDQJDQXQWXNEHULQIDTGDULVHVXDWX\DQJKDUDP
 6HRUDQJ KDPED DNDQ GLEHUL JDQMDUDQ MLND PHPDNDQ
VHVXDWX \DQJ EDLN GHQJDQ PDNVXG DJDU GLULQ\D GLEHUL
NHNXDWDQXQWXNWDDWNHSDGD$OODK
 'RD RUDQJ \DQJ VHGDQJ VDIDU GDQ \DQJ KDWLQ\D VDQJDW
PHQJKDUDSDNDQWHUNDEXO
'DODP KDGLWV WHUGDSDW VHEDJLDQ GDUL VHEDEVHEDE
GLNDEXONDQQ\D GRD  3HUMDODQDQ MDXK NRQGLVL \DQJ
EHUVDKDMD GDODP SDNDLDQ GDQ SHQDPSLODQ GDODP
NHDGDDQNXPDOGDQEHUGHEXPHQJDQJNDWNHGXDWDQJDQ
NHODQJLWPHUDWDSGDODPEHUGRDNHLQJLQDQNXDWGDODP
SHUPLQWDDQ PHQJNRQVXPVL PDNDQDQ PLQXPDQ GDQ
SDNDLDQ\DQJKDODO
7HPDKDGLWVGDQD\DW\DQJWHUNDLW

0HPSHUVHPEDKNDQ\DQJWHUEDLNNHSDGD$OODK 
0HQJNRQVXPVL\DQJKDODO

0HUDWDSGDODPEHUGRD  

kk

3(/$-$5$1.(6(%(/$6

M     


 
  
  
        M 
      M M
>bcplc\gc  Uhi[TTi@
.RVDNDWDXReg} 

Z tc

 VD\D PHQJKDIDO ug


WLQJJDONDQ
PHQJHWDKXL
Vi PHUDJXNDQ PX

7HUMHPDKKDGLWV
'DUL$EX0XKDPPDG$O+DVDQELQ$OLELQ$EL7KDOLEFXFX
5DVXOXOODK H GDQ NHVD\DQJDQQ\D \ GLD EHUNDWD  6D\D
PHQJKDIDOGDUL5DVXOXOODKH VDEGDQ\D 7LQJJDONDQODKDSD
\DQJPHUDJXNDQPXNHSDGDDSD\DQJWLGDNPHUDJXNDQPX
5LZD\DW7XUPX]LGDQGLDEHUNDWD+DGLWVQ\DKDVDQVKRKHK

3HODMDUDQ
 0HQLQJJDONDQ V\XEKDW GDQ PHQJDPELO \DQJ KDODO DNDQ
PHODKLUNDQVLNDSZDUD
 .HOXDU GDUL LNKWLODI XODPD OHELK XWDPD NDUHQD KDO
WHUVHEXW OHELK WHUKLQGDU GDUL SHUEXDWDQ V\XEKDW






NKXVXVQ\D MLND GLDQWDUD SHQGDSDW PHUHND WLGDN DGD


\DQJGDSDWGLNXDWNDQ
-LND NHUDJXDQ EHUWHQWDQJDQ GHQJDQ NH\DNLQDQ PDND
NH\DNLQDQ\DQJGLDPELO
6HEXDKSHUNDUDKDUXVMHODVEHUGDVDUNDQNH\DNLQDQGDQ
NHWHQDQJDQ 7LGDN DGD KDUJDQ\D NHUDJXDQ GDQ
NHELPEDQJDQ
%HUKDWLKDWL GDUL VLNDS PHUHPHKNDQ WHUKDGDS XUXVDQ
DJDPDGDQPDVDODKELGDK
6LDSD \DQJ PHPELDVDNDQ SHUNDUD V\XEKDW PDND GLD
DNDQEHUDQLPHODNXNDQSHUEXDWDQ\DQJKDUDP

7HPDKDGLWVGDQD\DW\DQJWHUNDLW
0HQLQJJDONDQNHUDJXUDJXDQ    

Hk

+$',76.('8$%(/$6

    
           
       
>Thi{hi[TTilc\gc@
.RVDNDWDXReg} 

i[

GLD PHQLQJJDONDQ

SHQWLQJ EDJLQ\D

7HUMHPDKKDGLWV
'DUL $EX +XUDLUDK UDGKLDOODKXQKX GLD EHUNDWD  5DVXOXOODK
H EHUVDEGD  0HUXSDNDQ WDQGD EDLNQ\D ,VODP VHVHRUDQJ
GLDPHQLQJJDONDQVHVXDWX\DQJWLGDNEHUJXQDEDJLQ\D
3HODMDUDQ

+DGLWV+DVDQULZD\DW7XUPX]LGDQODLQQ\D

 7HUPDVXN VLIDWVLIDW RUDQJ PXVOLP DGDODK GLD


PHQ\LEXNNDQ GLULQ\D GHQJDQ SHUNDUDSHUNDUD \DQJ
PXOLDVHUWDPHQMDXKNDQSHUNDUD\DQJKLQDGDQUHQGDK
 3HQGLGLNDQ EDJL GLUL GDQ SHUDZDWDQQ\D GHQJDQ
PHQLQJJDONDQDSD\DQJWLGDN EHUPDQIDDWGLGDODPQ\D
 0HQ\LEXNNNDQ GLUL GHQJDQ VHVXDWX \DQJ WLGDN
EHUPDQIDDW DGDODK NHVLDVLDDQ GDQ PHUXSDNDQ
SHUWDQGDNHOHPDKDQLPDQ
 $QMXUDQ XQWXN PHPDQIDDWNDQ ZDNWX GHQJDQ VHVXDWX
\DQJPDQIDDWQ\DNHPEDOLNHSDGDGLULVHQGLULEDJLGXQLD
PDXSXQDNKLUDW
 ,NXW FDPSXU WHUKDGDS VHVXDWX \DQJ EXNDQ XUXVDQQ\D
GDSDW PHQJDNLEDWNDQ NHSDGD SHUSHFDKDQ GDQ
SHUWLNDLDQGLDQWDUDPDQXVLD
7HPDKDGLWVGDQD\DW\DQJWHUNDLW
 2SWLPDOLVDVLZDNWXGDQSRWHQVL  
 0HQLQJJDONDQKLGXSWHUOHQD  

k

+$',76.(7,*$%(/$6

M        


     M M  M 
     
> @
.RVDNDWD 

Vc

0HQFLQWDL

7HUMHPDKKDGLWV

k  XQWXN GLUL Q\D

'DUL $EX +DP]DK $QDV ELQ 0DOLN UDGLDOODKXDQKX


SHPEDQWX 5DVXOXOODKH GDUL 5DVXOXOODKH EHOLDXEHUVDEGD
7LGDN EHULPDQ VDODK VHRUDQJ GLDQWDUD NDPX KLQJJD GLD
PHQFLQWDL VDXGDUDQ\D VHEDJDLPDQD GLD PHQFLQWDL GLULQ\D
5LZD\DW%XNKRULGDQ0XVOLP 
VHQGLUL
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 6HRUDQJPXPLQGHQJDQPXPLQ\DQJODLQQ\DEDJDLNDQ
VDWX MLZDMLNDGLDPHQFLQWDLVDXGDUDQ\DPDNDVHDNDQ
DNDQGLDPHQFLQWDLGLULQ\DVHQGLUL
 0HQMDXKNDQ SHUEXDWDQ KDVDG GHQJNL  GDQ EDKZD KDO
WHUVHEXWEHUWHQWDQJDQGHQJDQNHVHPSXUQDDQLPDQ
 ,PDQ GDSDW EHUWDPEDK GDQ EHUNXUDQJ EHUWDPEDK
GHQJDQNHWDDWDQGDQEHUNXUDQJGHQJDQNHPDNVLDWDQ
 $QMXUDQXQWXNPHQ\DWXNDQKDWL
7HPDWHPDKDGLWV

k 

 0HQ\DNLWLVDXGDUDVDPDGHQJDQPHQ\DNLWLGLULVHQGLUL
 
 8NKXZZDK,VODPLDK   

k

+$',76.((03$7%(/$6

                
   M       N   
      
 M  
  M
 
> @
.RVDNDWD 

V]T

iU[T

KDODO

GDUDK

RUDQJ\DQJPHQLQJJDONDQ

iUT

PHPLVDKNDQGLULQ\D

\DQJVXGDKPHQLNDK

TjT

RUDQJ\DQJEHU]LQD

7HUMHPDKKDGLWVkf 

'DUL,EQX0DVXGUDGLDOODKXDQKXGLDEHUNDWD5DVXOXOODK

H EHUVDEGD  7LGDN KDODO GDUDK VHRUDQJ PXVOLP \DQJ

EHUVDNVLEDKZDWLGDNDGDLODKVHODLQ$OODKGDQEDKZDVD\D
5DVXOXOODK H  DGDODK XWXVDQ $OODK NHFXDOL GHQJDQ WLJD
VHEDE  2UDQJ WXD \DQJ EHU]LQD PHPEXQXK RUDQJ ODLQ
GHQJDQ VHQJDMD  GDQ PHQLQJJDONDQ DJDPDQ\D EHUSLVDK
5LZD\DW%XNKRULGDQ0XVOLP
GDULMDPDDKQ\D
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 7LGDN EROHK PHQXPSDKNDQ GDUDK NDXP PXVOLPLQ


NHFXDOL GHQJDQ WLJD VHEDE \DLWX  ]LQDPXKVKRQ RUDQJ
\DQJ VXGDK PHQLNDK  PHPEXQXK PDQXVLD GHQJDQ
VHQJDMDGDQPHQLQJJDONDQDJDPDQ\D PXUWDG EHUSLVDK
GDULMDPDDKNDXPPXVOLPLQ
 ,VODP VDQJDW PHQMDJD NHKRUPDWDQ Q\DZD GDQ DJDPD
GHQJDQ PHQMDWXKNDQ KXNXPDQ PDWL NHSDGD PHUHND
\DQJ PHQJJDQJJXQ\D VHSHUWL GHQJDQ PHODNXNDQ ]LQD
SHPEXQXKDQGDQPXUWDG
 6HVXQJJXKQ\D DJDPD \DQJ GLVHSDNDWL DGDODK \DQJ
GLSHJDQJ ROHK MDPDDK NDXP PXVOLPLQ PDND ZDMLE
GLMDJDGDQWLGDNEROHKNHOXDUGDULQ\D
 +XNXP SLGDQD GDODP ,VODP VDQJDW NHUDV KDO LWX
EHUWXMXDQXQWXNPHQFHJDK SUHYHQWLI GDQPHOLQGXQJL
 3HQGLGLNDQ EDJL PDV\DUDNDW XQWXN WDNXW NHSDGD $OODK
WDDODGDQVHODOXPHUDVDWHUDZDVLROHK1\DGDQNHDGDDQ
WHUVHPEXQ\L DWDX WHUEXND VHEHOXP GLODNVDQDNDQQ\D
KXNXPDQ

 +DGLWV GLDWDV PHQXQMXNNDQ SHQWLQJQ\D PHQMDJD


NHKRUPDWDQGDQNHVXFLDQ
 'DODP KDGLWV WHUVHEXW PHUXSDNDQ DQFDPDQ EDJL VLDSD
\DQJ PHPEXQXK PDQXVLD \DQJ GLKDUDPNDQ ROHK $OODK
WDDOD
7HPDWHPDKDGLWVk 

1\DZDVHRUDQJPXVOLPGLOLQGXQJL  


 +XNXPDQ GDODP ,VODP VHEDJDL EDJLDQ
SHUOLQGXQJDQ 

GDUL

lk

+$',76.(/,0$%(/$6

 M M   M    


  
       
      
  
 
>liUfWTTi@
.RVDNDWD

GZp D
iU`

 KHQGDNODK GLDGLDP
WHWDQJJD Q\D

7HUMHPDKKDGLWVkf 

iG

 ?r

PHPXOLDNDQ
WDPX Q\D

'DUL $EX +XUDLUDK UDGKLDOODKXDQKX VHVXQJJXKQ\D


5DVXOXOODK H EHUVDEGD 6LDSD \DQJ EHULPDQ NHSDGD $OODK
GDQKDULDNKLUKHQGDNODKGLDEHUNDWDEDLNDWDXGLDPVLDSD
\DQJ EHULPDQ NHSDGD $OODK GDQ KDUL DNKLU KHQGDNODK GLD

PHQJKRUPDWL WHWDQJJDQ\D GDQ EDUDQJVLDSD \DQJ EHULPDQ


NHSDGD $OODK GDQ KDUL DNKLU PDND KHQGDNODK GLD
5LZD\DW%XNKRULGDQ0XVOLP
PHPXOLDNDQWDPXQ\D
3HODMDUDQ
 ,PDQWHUNDLWODQJVXQJGHQJDQNHKLGXSDQVHKDULKDUL
 ,VODP PHQ\HUXNDQ NHSDGD VHVXDWX \DQJ GDSDW
PHQXPEXKNDQUDVDFLQWDGDQNDVLKVD\DQJGLNDODQJDQ
LQGLYLGXPDV\DUDNDWPXVOLP
 7HUPDVXN NHVHPSXUQDDQ LPDQ DGDODK SHUNDWDDQ \DQJ
EDLNGDQGLDPGDULVHODLQQ\D
 %HUOHELKOHELKDQ
GDODP
SHPELFDUDDQ
GDSDW
PHQ\HEDENDQ NHKDQFXUDQ VHGDQJNDQ PHQMDJD
SHPELFDUDDQPHUXSDNDQMDODQNHVHODPDWDQ
 ,VODP VDQJDW PHQMDJD DJDU VHRUDQJ PXVOLP EHUELFDUD
DSD \DQJ EHUPDQIDDW GDQ PHQFHJDK SHUNDWDDQ \DQJ
GLKDUDPNDQGDODPVHWLDSNRQGLVL
 7LGDNPHPSHUEDQ\DNSHPELFDUDDQ\DQJGLSHUEROHKNDQ
NDUHQD KDO WHUVHEXW GDSDW PHQ\HUHW NHSDGD SHUEXDWDQ
\DQJGLKDUDPNDQDWDX\DQJPDNUXK
 7HUPDVXN NHVHPSXUQDDQ LPDQ DGDODK PHQJKRUPDWL
WHWDQJJDQ\D GDQ PHPSHUKDWLNDQ\D VHUWD WLGDN
PHQ\DNLWLQ\D
 :DMLE EHUELFDUD VDDW GLEXWXKNDQ NKXVXVQ\D MLND
EHUWXMXDQ PHQHUDQJNDQ \DQJ KDT GDQ EHUDPDU PDUXI
QDKLPXQNDU
 0HPXOLDNDQWDPXWHUPDVXNGLDQWDUDNHPXOLDDQDNKODN
GDQSHUWDQGDNRPLWPHQQ\DWHUKDGDSV\DULDW,VODP
$QMXUDQXQWXNPHPSHUJDXOLRUDQJODLQGHQJDQEDLN
7HPDKDGLWVGDQD\DWD\DW$O4XUDQ\DQJWHUNDLW
,PDQGDQSHQJDUXKQ\DGDODPSULODNXNHVHKDULDQ 
0HQMDJDSHUNDWDDQ

+XEXQJDQEDLNGHQJDQWHWDQJJD

6LNDS PXOLDWHUKDGDSWDPX  

k

+$',76.((1$0%(/$6

M M M    


      
>iUfWTTi@   

.RVDNDWD 

pL QDVLKDWLODK

Vr|[

;TiTi

VD\D

 HQJNDX PDUDK

7HUMHPDKKDGLWVkf 

g gi

-DQJDQ

PHQJXODQJLQ\D
EHUNDOLNDOL

'DUL $EX +XUDLUDK UDGKLDOODKXDQKX VHVXQJJXKQ\D


VHVHRUDQJ EHUWDQ\D NHSDGD 5DVXOXOODK VKRODOORKX DODLKL ZD
VDOODP  <D 5DVXOXOODK
 QDVLKDWLODK VD\D %HOLDX
EHUVDEGD  -DQJDQ NDPX PDUDK %HOLDX PHQDQ\DNDQ KDO
LWX EHUNDOLNDOL 0DND EHOLDX EHUVDEGD  -DQJDQ HQJNDX
PDUDK 5LZD\DW%XNKLURL
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 $QMXUDQEDJLVHWLDSPXVOLPXQWXNPHPEHULNDQQDVLKDW
GDQ
PHQJHQDO
SHUEXDWDQSHUEXDWDQ
NHEDMLNDQ
PHQDPEDK ZDZDVDQ LOPX \DQJ EHUPDQIDDW VHUWD
PHPEHULNDQQDVLKDW\DQJEDLN
 /DUDQJDQPDUDK
 'LDQMXUNDQ XQWXN PHQJXODQJL SHPELFDUDDQ KLQJJD
SHQGHQJDUPHQ\DGDULSHQWLQJQ\DGDQNHGXGXNDQQ\D
7HPDKDGLWVk 

0HQLQJJDONDQVLIDWSHPDUDK

k

+$',76.(78-8+%(/$6

M          


   O  M  M 
      O   
    
  
  
>lTi@
UlcT
Y[T

YcWhT

[in

EHUODNXEDLN

FDUDPHPEXQXK

FDUDPHQ\HPEHOLK

SLVDX Q\D DODW

PHQ\HPEHOLK

.RVDNDWD 

[ [

[ cWh

gc

 NDOLDQ PHPEXQXK

 NDOLDQ PHQ\HPEHOLK

PHQJDVDKPHQDMDPNDQ

ai

VHQDQJLODK

[cWhKHZDQVHPEHOLKDQ Q\D

7HUMHPDKKDGLWV

kg 

'DUL $EX <DOD 6\DGGDG ELQ $XV UDGKLDOODKXDQKX GDUL


5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP EHUVDEGD 
6HVXQJJXKQ\D $OODK WHODK PHQHWDSNDQ SHUEXDWDQ EDLN
LKVDQ DWDVVHJDODVHVXDWX-LNDNDOLDQPHPEXQXKPDND
EHUODNXODK EDLN GDODP KDO WHUVHEXW -LND NDOLDQ
PHQ\HPEHOLK EHUODNXODK EDLN GDODP KDO LWX KHQGDNODK
NDOLDQ PHQJDVDK SLVDXQ\D GDQ PHQ\HQDQJNDQ KHZDQ
VHPEHOLKDQQ\D 5LZD\DW0XVOLP
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWV

k 

 6\DULDW ,VODP PHQXQWXW SHUEXDWDQ LKVDQ NHSDGDVHWLDS


PDNKOXNWHUPDVXNGLDQWDUDQ\DDGDODKKHZDQ

 7LGDN EROHK PHQ\LNVD GDQ PHUXVDN WXEXK VHEDJDL


VDVDUDQ GDQ WXMXDQ WLGDN MXJD EROHK PHQ\D\DWQ\D\DW
RUDQJ\DQJGLKXNXPTLVKDVK
 7HUPDVXN LKVDQ MXJD EHUEXDW EDLN WHUKDGDS KHZDQ
WHUQDN GDQ EHODV NDVLK WHUKDGDSQ\D 7LGDN EROHK
PHPEHEDQLQ\D GLOXDU NHPDPSXDQQ\D VHUWD WLGDN
PHQ\LNVDQ\DVDDWPHQ\HPEHOLKQ\D
7HPDWHPDKDGLWVk 

3URIHVLRQDOLVPH
 %HUEXDWEDLNKLQJJDNHSDGDVHOXUXKPDNKOXN LKVDQ 


k

+$',76.('(/$3$1%(/$6

           



   M M    
     
  
 
 
>bcplcelTqxW~lc\gcUhi[TTi@
.RVDNDWD 

:T
0[T
vW[L

%HUWDNZDODK NHSDGD
$OODK 

,NXWLDOK

U c[

PHQJKDSXV Q\D

U]c

YSlT
Uf

'LPDQDVDMD
SHUJDXOLODK

AAf W

7HUMHPDKKDGLWVkf 

NHEXUXNDQ

 GHQJDQ DNKODN

'DUL $EX =DU -XQGXE ELQ -XQDGDK GDQ $EX


$EGXUUDKPDQ 0XD] ELQ -DEDO UDGKLDOODKXDQKXPD GDUL
5DVXOXOODKVDZEHOLDXEHUVDEGD%HUWDNZDODKNHSDGD$OODK
GLPDQD VDMD NDPX EHUDGD LULQJLODK NHEXUXNDQ GHQJDQ
NHEDLNDQ QLVFD\D PHQJKDSXVQ\D GDQ SHUJDXLODK PDQXVLD
GHQJDQDNKODN\DQJEDLN
5LZD\DW 7XUPX]L GLD EHUNDWD KDGLWVQ\D KDVDQ SDGD VHEDJLDQ
FHWDNDQGLNDWDNDQKDVDQVKDKLK 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 7DNZD NHSDGD $OODK PHUXSDNDQ NHZDMLEDQ VHWLDS


PXVOLP GDQ GLD PHUXSDNDQ DVDV GLWHULPDQ\D DPDO
VKDOHK
 %HUVHJHUD PHODNXNDQ NHWDDWDQ VHWHODK NHEXUXNDQ
VHFDUD ODQJVXQJ NDUHQD NHEDLNDQ DNDQ PHQJKDSXV
NHEXUXNDQ
 %HUVXQJJXKVXQJJXK PHQJKLDV GLUL GHQJDQ DNKODN
PXOLD
 0HQMDJD SHUJDXODQ \DQJ EDLN PHUXSDNDQ NXQFL
NHVXNVHVDQNHEDKDJLDDQGDQNHWHQDQJDQGLGXQLDGDQ
DNKLUDW +DO WHUVHEXW GDSDW PHQJKLODQJNDQ GDPSDN
QHJDWLISHUJDXODQ
7HPDWHPDKDGLWVk 

7DNZDEHNDOGLVHWLDSWHPSDWGDQZDNWX
$NKODNPXOLD




k

+$',76.(6(0%,/$1%(/$6

           

O     M M

  
  M   
     
 M     
   
  
 M    
   
 M  
?O G}i x [? UL g`
?[ :Tt?cT hi[Ti{YTi~bcplc\gc  Uhi[TTi@

Ss
Gf A ? WUpL U Wp
 A ? M?sGfL U L ?wTX g2nT~ ~G i x I U?f iT~ :
T

>;Til i lxG T v LVi? G Tv^i?GT LiW pTvip0 T L ?wT

.RVDNDWD 

}f

GLEHODNDQJ

?Z Gx?[lT

 HQJNDX PLQWD

x

PHPEHULNDQPDQIDDW

Z x~ i

GLDQJNDW

t?cT

Z 0`

3HOLKDUDODKMDJDODK

2wL

U`[

 VD\D DMDUNDQ HQJNDX

Z x[`T

GLKDGDSDQ PX
EHUNXPSXO

SHUWRORQJDQ

ir

PHQGDWDQJNDQEDKD\D

NHSDGDPX

EHQWXNMDPDNGDUL

NHULQJ

}cpT

7HUMHPDKKDGLWVkf 

NHSDGDPX

EHQWXNMDPDNGDULYcp
\DLWXFDWDWDQ

'DUL
$EX
$O
$EEDV
$EGXOODK
ELQ
$EEDV
UDGKLDOODKXDQKXPD EHOLDX EHUNDWD  6XDWX VDDW VD\D
EHUDGD GLEHODNDQJ QDEL VKROODOORKX DODLKL ZD VDOODP PDND
EHOLDX EHUVDEGD  :DKDL DQDQGD VD\D DNDQ PHQJDMDUNDQ

NHSDGDPX EHEHUDSD SHUNDUD -DJDODK $OODK  QLVFD\D GLD


DNDQ PHQMDJDPX -DJDODK $OODK QLVFD\D 'LD DNDQ VHODOX
EHUDGD GLKDGDSDQPX  -LND NDPX PHPLQWD PLQWDODK
NHSDGD $OODK MLND NDPX PHPRKRQ SHUWRORQJDQ PRKRQODK
SHUWRORQJDQ NHSDGD $OODK .HWDKXLODK VHVXQJJXKQ\D MLND
VHEXDK XPDW EHUNXPSXO XQWXN PHQGDWDQJNDQ PDQIDDW
NHSDGDPX DWDV VHVXDWX PHUHND WLGDN DNDQ GDSDW
PHPEHULNDQ PDQIDDW VHGLNLWSXQ NHFXDOL DSD \DQJ WHODK
$OODK WHWDSNDQEDJLPXGDQMLNDPHUHNDEHUNXPSXOXQWXN
PHQFHODNDNDQPXDWDVVHVXDWXQLVFD\DPHUHNDWLGDNDNDQ
PHQFHODNDNDQPX NHFXDOL NHFHODNDDQ \DQJ WHODK $OODK
WHWDSNDQ EDJLPX 3HQD WHODK GLDQJNDW GDQ OHPEDUDQ WHODK
NHULQJ 
5LZD\DW 7XUPX]L GDQ GLD EHUNDWD  +DGLWVQ\D KDVDQ VKDKLK  'DODP
VHEXDKULZD\DWVHODLQ7XUPX]LGLNDWDNDQ-DJDODK$OODKQLVFD\DHQJNDX
DNDQ PHQGDSDWNDQ1\D GLGHSDQPX .HQDOLODK $OODK GL ZDNWX VHQJJDQJ
QLVFD\D 'LD DNDQ PHQJHQDOPX GL ZDNWX VXVDK .HWDKXLODK EDKZD DSD
\DQJGLWHWDSNDQ OXSXW GDULPX WLGDNODKDNDQPHQLPSDPXGDQDSD \DQJ
GLWHWDSNDQ DNDQ PHQLPSDPX WLGDN DNDQ OXSXW GDULPX NHWDKXLODK
EDKZD NHPHQDQJDQ EHUVDPD NHVDEDUDQ GDQ NHPXGDKDQ EHUVDPD
NHVXOLWDQGDQNHVXOLWDQEHUVDPDNHPXGDKDQ 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWV

k

 3HUKDWLDQ 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP GDODP


PHQJDUDKNDQ XPDWQ\D VHUWD PHQ\LDSNDQ JHQHUDVL
PXPLQLGDPDQ
 7HUPDVXN DGDE SHQJDMDUDQ DGDODK PHQDULN SHUKDWLDQ
SHODMDUDJDUWLPEXONHLQJLQDQQ\DWHUKDGDSSHQJHWDKXDQ
VHKLQJJDKDOWHUVHEXWOHELK WHUNHVDQGDODPGLULQ\D
 6LDSD\DQJNRQVHNZHQPHODNVDQDNDQSHULQWDKSHULQWDK
$OODK QLFVD\D $OODK DNDQ PHQMDJDQ\D GL GXQLD GDQ
DNKLUDW
 0DNVXGQ\D DGDODK EHUWDNZDODK NHSDGD $OODK GHQJDQ PHQMDODQNDQ
SHULQWDKQ\DGDQPHQMDXKNDQODUDQJDQQ\D
'HQJDQSHUWRORQJDQGDQSHUOLQGXQJDQ1\D
 0DNVXGQ\D DGDODK VHJDOD VHVXDWX WHODK GLWDNGLUNDQ GDQ GLEXNXNDQ
SHQFDWDWDQQ\DROHK$OODKWDDOD

 %HUDPDOVDOHKVHUWDPHODNVDQDNDQSHULQWDK$OODKGDSDW
PHQRODN EHQFDQD GDQ PHQJHOXDUNDQ VHVHRUDQJ GDUL
NHVXOLWDQ
 7LGDN PHQJDUDKNDQ SHUPLQWDDQ DSDSXQ \DQJ WLGDN
GDSDWGLODNXNDQPDNKOXN VHODLQNHSDGD$OODKVHPDWD
 0DQXVLD WLGDN DNDQ PHQJDODPL PXVLEDK NHFXDOL
EHUGDVDUNDQNHWHWDSDQ$OODKWDDOD
 0HQJKRUPDWL ZDNWX GDQ PHQJJXQDNDQQ\D NHSDGD
VHVXDWX \DQJ EHUPDQIDDW  VHEDJDLPDQD 5DVXOXOODK
VKROODOORKX DODLKL ZD VDOODP PHPDQIDDWNDQ ZDNWXQ\D VDDW
EHOLDXEHUNHQGDUDDQ
7HPDWHPDKDGLWVk 

0HQ\LDSNDQJHQHUDVLEHULPDQ   


$OODKWHPSDWEHUJDQWXQJGDQEHUOLQGXQJ  
 0XVLEDKGDQ NHEHUXQWXQJDQ KDQ\D GDWDQJ GDUL $OODK 
    

k

+$',76.('8$38/8+

           


    M  M M 
  
 
    
> iUfWTTi@
.RVDNDWD 

igL GLNHWDKXLGLGDSDWNDQ

XWT

vpU ~  PDND SHUEXDWODK

Z Sn

KXUXIQDILDUWLQ\DWLGDN

c[l[ b[l[

NHQDELDQ

 HQJNDX PDOX

 \DQJHQJNDX VXNDL

7HUMHPDKKDGLWVkf

'DUL $EX 0DVXG 8TEDK ELQ $PU $O $QVKDU\ $O %DGU\
UDGKLDOODKXDQKXGLDEHUNDWD5DVXOXOODKVKROODOORKXDODLKLZD
VDOODP EHUVDEGD  6HVXQJJXKQ\D XQJNDSDQ \DQJ WHODK
GLNHQDO RUDQJRUDQJ GDUL XFDSDQ QDELQDEL WHUGDKXOX
DGDODK  -LND HQJNDX WLGDN PDOX SHUEXDWODK DSD \DQJ
HQJNDXVXND 5LZD\DW%XNKRUL
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 0DOX PHUXSDNDQ WHPD \DQJ WHODK GLVHSDNDWL ROHK SDUD


QDELGDQWLGDNWHUKDSXVDMDUDQQ\D
 -LND VHVHRUDQJ WHODK PHQLQJJDONDQ UDVD PDOX PDND
MDQJDQKDUDSODJL NHEDLNDQ GDULQ\DVHGLNLWSXQ
 0DOX PHUXSDNDQ ODQGDVDQ DNKODN PXOLD GDQ VHODOX
EHUPXDUD NHSDGD NHEDLNDQ 6LDSD \DQJ EDQ\DN
PDOXQ\D OHELK EDQ\DN NHEDLNDQQ\D GDQ VLDSD \DQJ
VHGLNLWUDVDPDOXQ\DVHPDNLQVHGLNLWNHEDLNDQQ\D
 5DVD PDOX PHUXSDNDQ SULODNX GDQ GDSDW GLEHQWXN
0DND VHWLDS RUDQJ \DQJ PHPLOLNL WDQJJXQJ MDZDE
KHQGDNQ\DPHPSHUKDWLNDQELPELQJDQWHUKDGDSPHUHND
\DQJPHQMDGLWDQJJXQJMDZDEQ\D
 7LGDN DGD UDVD PDOX GDODP PHQJDMDUNDQ KXNXP
KXNXP DJDPD VHUWD PHQXQWXW LOPX GDQ NHEHQDUDQ 
$OODK WDDOD EHUILUPDQ   'DQ $OODK WLGDN PDOX GDUL
NHEHQDUDQ  
 'LDQWDUDPDQIDDWUDVDPDOXDGDODK,IIDK PHQMDJDGLUL
GDULSHUEXDWDQWHUFHOD GDQ:DID PHQHSDWLMDQML
 5DVD PDOX PHUXSDNDQ FDEDQJ LPDQ \DQJ ZDMLE
GLZXMXGNDQ
7HPDKDGLWVk 

0HQXPEXKNDQUDVDPDOXVHVXDLSURSRUVLQ\D 

 kk

+$',76.('8$38/8+6$78

 M         


            
  
      
>lTi@
.RVDNDWD 

MlL  VD\D EHUWDQ\D

7HUMHPDKKDGLWV 

?[lT

 LVWLTRPDKODK EHUSHJDQJ

WHJXKODK

kf

'DUL $EX $PU DGD MXJD \DQJ PHQJDWDNDQ  $EX


$PUDK6XI\DQELQ$EGLOODK$WV7VDTRILUDGKLDOODKXDQKXGLD
EHUNDWDVD\DEHUNDWD :DKDL5DVXOXOODKVKROODOORKXDODLKLZD
VDOODP NDWDNDQ NHSDGD VD\D WHQWDQJ ,VODP VHEXDK
SHUNDWDDQ \DQJ  WLGDN  VD\D WDQ\DNDQ NHSDGD VHRUDQJSXQ
VHODLQPX %HOLDX EHUVDEGD .DWDNDQODK VD\D EHULPDQ
NHSDGD $OODK NHPXGLDQ EHUSHJDQJ WHJXKODK 
5LZD\DW0XVOLP 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 






,PDQNHSDGD$OODKWDDODKDUXVPHQGDKXOXLNHWDDWDQ
$PDOVDOHKGDSDWPHQMDJDNHLPDQDQ
,PDQGDQDPDOVDOHKNHGXDQ\DKDUXVGLODNVDQDNDQ
,VWLTRPDK PHUXSDNDQGHUDMDW\DQJWLQJJL
.HLQJLQDQ\DQJNXDWGDULSDUDVKDKDEDWGDODPPHQMDJD
DJDPDQ\DGDQPHUDZDWNHLPDQDQQ\D
 3HULQWDK XQWXN LVWLTRPDK GDODP WDXKLG GDQ LNKODV
EHULEDGDKKDQ\DNHSDGD$OODKVHPDWDKLQJJDPDWL

7HPDWHPDKDGLWVk 

%HUWDQ\DXQWXNPHQGDSDWNDQNHEDLNDQ  
    
 ,PDQGDQLVWLTRPDK   

 Hk

+$',76.('8$38/8+'8$

M           

 M   M M    



         m
      
>lTi@
.RVDNDWD 

ZUW[T

6KDODWVKDODWIDUGX

Z
A ic  VD\D PHQJKDUDPNDQ

Z
A cL  VD\D PHQJKDODONDQ
L 

7HUMHPDKKDGLWVkf 

$SDNDK

'DUL $EX $EGXOODK -DELU ELQ $EGXOODK $O $QVKDU\


UDGKLDOODKXDQKXPD  6HVHRUDQJ EHUWDQ\D NHSDGD
5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP VHUD\D EHUNDWD 
%DJDLPDQD SHQGDSDWPX MLND VD\D PHODNVDQDNDQ VKDODW
\DQJZDMLEEHUSXDVD5DPDGKDQ0HQJKDODONDQ\DQJKDODO

GDQ PHQJKDUDPNDQ  \DQJ KDUDP GDQ VD\D WLGDN WDPEDK


VHGLNLWSXQ DSDNDK VD\D DNDQ PDVXN VXUJD " %HOLDX
EHUVDEGD<D
&DWDWDQ

5LZD\DW0XVOLP

 6HVHRUDQJ \DQJ EHUWDQ\D GDODP ULZD\DW GLDWDV DGDODK  $Q


1XPDQELQ4DXTDO

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk

 6HWLDS PXVOLP GLWXQWXW XQWXN EHUWDQ\D NHSDGD XODPD


WHQWDQJ V\DULDW ,VODP WHQWDQJ NHZDMLEDQQ\D GDQ DSD
\DQJ GLKDODONDQ GDQ GLKDUDPNDQ EDJLQ\D MLND KDO
WHUVHEXWWLGDNGLNHWDKXLQ\D
 3HQJKDODODQGDQSHQJKDUDPDQPHUXSDQDWXUDQV\DULDW
WLGDN DGD \DQJ EHUKDN PHQHQWXNDQQ\D NHFXDOL $OODK
WDDOD
 $PDO VDOHK PHUXSDNDQ VHEDE PDVXNQ\D VHVHRUDQJ
NHGDODPV\XUJD
 .HLQJLQDQGDQSHUKDWLDQ\DQJEHVDUGDULSDUDVKDKDEDW
VHUWD NHULQGXDQ PHUHND WHUKDGDS V\XUJD VHUWD XSD\D
PHUHNDGDODPPHQFDULMDODQXQWXNVDPSDLNHVDQD
7HPDWHPDKDGLWVk 

(YDOXDVLGLULPXKDVDEDK
 
5LQGXV\XUJD
  
 0HPSHUKDWLNDQ KDODO KDUDP GDODP NHKLGXSDQ  
 

 0DNVXG PHQJKDUDPNDQ \DQJ KDUDP DGDODK PHQJKLQGDULQ\D GDQ


PDNVXG PHQJKDODONDQ \DQJ KDODO DGDODK  PHQJHUMDNDQQ\D GHQJDQ
NH\DNLQDQDNDQNHKDODODQQ\D

 k

+$',76.('8$38/8+7,*$

  
   
  

       N  M M 

   
     
 
 
      

            N  
>lTi@
.RVDNDWD 

isT

%HUVXFL

isn

g|

%HUDQJNDW SDJLKDUL

vSUW

[ [ 0HPHQXKL
W

0HQJKDQFXUNDQ

UiW

[x

6HWHQJDKVHEDJLDQ

%XNWL

PHQMXDO

0HPHUGHNDNDQ

U SDGDNDOLPDWW GDQ[x NHPEDOLNHSDGDNDOLPDWk MLZD


7HUMHPDKKDGLWV kf 

'DUL $EX 0DOLN $O +DULWV\ ELQ $VKLP $O $V\DU\


UDGKLDOODKXDQKXGLDEHUNDWD5DVXOXOODKVKROODOORKXDODLKLZD
VDOODP EHUVDEGD  %HUVXFL VHEDJLDQ GDUL LPDQ $O
+DPGXOLOODK GDSDW PHPHQXKL WLPEDQJDQ  6XEKDQDOODK
GDQ $O +DPGXOLOODK GDSDW PHPHQXKL DQWDUD ODQJLW GDQ

 0DNVXGQ\D DGDODK WLPEDQJDQ NHEDLNDQ VHRUDQJ KDPED SDGD KDUL


NLDPDW

EXPL 6KRODW DGDODK FDKD\D  VKDGDTDK DGDODK EXNWL  $O


4XUDQGDSDWPHQMDGLVDNVL\DQJPHULQJDQNDQPXDWDX\DQJ
PHPEHUDWNDQPX 6HPXD PDQXVLD EHUDQJNDW PHQMXDO
GLULQ\D  DGD \DQJ PHPEHEDVNDQ GLULQ\D GDUL NHKLQDDQ
GDQD]DE DGD MXJD\DQJPHQJKDQFXUNDQGLULQ\D
5LZD\DW0XVOLP 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 ,PDQ PHUXSDNDQ XFDSDQ GDQ SHUEXDWDQ EHUWDPEDK


GHQJDQDPDOVDOHKGDQNHWDDWDQGDQEHUNXUDQJGHQJDQ
PDNVLDWGDQGRVD
 $PDO SHUEXDWDQ DNDQ GLWLPEDQJ SDGD KDUL NLDPDW GDQ
GLDPHPLOLNLEHUDWQ\D
 %HUVXFL PHUXSDNDQ V\DUDW VDKQ\D LEDGDK NDUHQD LWX
KDUXVGLSHUKDWLNDQ
 0HQMDJD VKDODW DNDQ PHQGDWDQJNDQ SHWXQMXN GDQ
PHPSHUEDLNL NRQGLVL VHRUDQJ PXVOLP WHUKDGDS
PDQXVLD PHPEHGDNDQQ\D GHQJDQ DNKODNQ\D GDQ
SHULODNXQ\DNHZDUDDQQ\DGDQNHWDNZDDQQ\D
 6HUXDQ XQWXN EHULQIDT SDGD MDODQMDODQ NHEDLNDQ GDQ
EHUVHJHUD PHODNXNDQQ\D GLPDQD KDO WHUVHEXW
PHUXSDNDQSHUWDQGDEHQDUQ\DNHLPDQDQ
 $QMXUDQ XQWXN EHUVDEDU WDWNDOD PHQJDODPL PXVLEDK
NKXVXVQ\D DSD \DQJ GLDODPL VHRUDQJ PXVOLP NDUHQD
SHUEXDWDQDPDUPDUXIQDKLPXQNDU
 6HPDQJDW PHPEDFD $O 4XUDQ GHQJDQ SHPDKDPDQ GDQ
PHQWDGDEEXUL PHUHQXQJNDQ  PDQDQ\D PHQJDPDONDQ
NDQGXQJDQNDQGXQJDQQ\D NDUHQD KDO WHUVHEXW GDSDW
PHPEHULV\DIDDWEDJLVHRUDQJKDPEDSDGDKDULNLDPDW

 'LNDWDNDQ FDKD\D NDUHQD VKDODW GDSDW PHQXQMXNNDQ VHVHRUDQJ


NHSDGDSHUEXDWDQ\DQJEDLN
%XNWLDNDQNHEHQDUDQNHLPDQDQQ\D
 0HQMXDO GLULQ\D EDLN NHSDGD $OODK WDDOD GHQJDQ PHQWDDWL1\D DWDX
NHSDGDV\HWDQGHQJDQEHUPDNVLDWNHSDGD1\D

 6HRUDQJ PXVOLP KDUXV PHQJJXQDNDQ ZDNWXQ\D GDQ


XPXUQ\DGDODPNHWDDWDQNHSDGD$OODKWDDODVHUWDWLGDN
PHQJDEDLNDQQ\DNDUHQDNHVLEXNDQODLQQ\D
7HPDWHPDKDGLWVk 

.HXWDPDDQEHUVXFL
  
.HXWDPDDQGDQNHNXDWDQ]LNLU
  
6KDGDTDK    
,QWHUDNVLGHQJDQ$O4XUDQ
   
3HUEXDWDQPDQXVLDNHPEDOLNHSDGDGLULQ\D  

 k

+$',76.('8$38/8+(03$7

 M   M           


 N      M    
 N     
        
M  N           M K
 M   N              
  M       
  


          N 


M             
 
          
   M       
            
     M        
   M          
 
    M   
           
    M  
   
  
>lTi@

.RVDNDWD 

TUt[

 NDOLDQ VDOLQJ
PHQ]DOLPL

[ g  DNX EHULNDQ
KLGD\DK NHSDGDQ\D

vSU`

/DSDU

xs[lT

0LQWDODKPDNDQ

[ l

 $NX PHPEHUL

NHSDGD.X

SDNDLDQ NHSDGDQ\D

Ssf[

 NDOLDQ PHODNXNDQ

Ur

VHVDW

g[lT +HQGDNODKNDOLDQPLQWD
KLGD\DKGDULNX

[ xsL  $NX EHULNDQ


PDNDQ NHSDGDQ\D

iUw 7HODQMDQJ

l[lT 0LQWDODKSDNDLDQ
NHSDGD.X

T|W[  NDOLDQ VDPSDLGDSDW

[L

NHVDODKDQ
<DQJSDOLQJEHUWDTZD

i`~L

2UDQJ\DQJSDOLQJ

gxp

7HPSDWEXNLW

GXUKDND

U pcL  $NX PHQJKLWXQJ Q\D

gTj

0HQDPEDK

o 0HQJXUDQJL
sfT -DUXP

~L  $NX VHPSXUQDNDQ
EDODVDQQ\D NHSDGDNDOLDQ

7HUMHPDKKDGLWVkf 

'DUL $EX']DU$O*KLIDULUDGKLDOODKXDQKXGDUL5DVXOXOODK
VKROODOORKX DODLKL ZD VDOODP VHEDJDLPDQD EHOLDX ULZD\DWNDQ
GDUL 5DEEQ\D $]]D :DMDOOD EDKZD 'LD EHUILUPDQ   :DKDL
KDPEDNX VHVXQJJXK\D DNX WHODK PHQJKDUDPNDQ
NH]DOLPDQ DWDV GLUL.X GDQ $NX WHODK PHQHWDSNDQ
KDUDPQ\D NH]DOLPDQ LWX  GLDQWDUD NDOLDQ PDNDMDQJDQODK
NDOLDQVDOLQJEHUODNX ]DOLP:DKDLKDPEDNXVHPXDNDOLDQ
DGDODK VHVDW NHFXDOL VLDSD \DQJ $NX EHUL KLGD\DK PDND
PLQWDODK KLGD\DK NHSDGD.X QLVFD\D $NX DNDQ
PHPEHULNDQ NDOLDQ KLGD\DK :DKDL KDPEDNX NDOLDQ
VHPXDQ\D NHODSDUDQ NHFXDOL VLDSD \DQJ DNX EHULNDQ
NHSDGDQ\D PDNDQDQ PDND PLQWDODK PDNDQ NHSDGD.X
QLVFD\D $NX EHULNDQ NDOLDQ PDNDQDQ :DKDL KDPED.X
NDOLDQVHPXDQ\DWHODQMDQJNHFXDOLVLDSD\DQJDNXEHULNDQ
NHSDGDQ\D SDNDLDQ PDND PLQWDODK SDNDLDQ NHSDGD.X
QLVFD\D $NX EHULNDQ NDOLDQ SDNDLDQ :DKDL KDPED.X
NDOLDQ VHPXDQ\D PHODNXNDQ NHVDODKDQ SDGD PDODP GDQ
VLDQJ KDUL GDQ $NX PHQJDPSXQL GRVD VHPXDQ\D PDND
PLQWDODK DPSXQ NHSDGD.X QLVFD\D DNDQ $NX DPSXQL
:DKDL KDPED.X VHVXQJJXKQ\D WLGDN DGD NHPXGKDUDWDQ
\DQJ GDSDW NDOLDQ ODNXNDQ NHSDGD.X VHEDJDLPDQD WLGDN
DGD NHPDQIDDWDQ \DQJ NDOLDQ EHULNDQ NHSDGD.X :DKDL
 +DGLWV VHSHUWL LQL GLVHEXW KDGLWV TXGVL \DLWX KDGLWV \DQJ PDNQDQ\D
GDUL$OODKGDQUHGDNVLQ\DGDUL5DVXOXOODKM

KDPEDNX VHDQGDLQ\D VHMDN RUDQJ SHUWDPD GLDQWDUD NDOLDQ


VDPSDL RUDQJ WHUDNKLU GDUL NDODQJDQ PDQXVLD GDQ MLQ
VHPXDQ\DEHUDGDGDODPNHDGDDQSDOLQJEHUWDNZDGLDQWDUD
NDPX QLVFD\D KDO WHUVHEXW WLGDN PHQDPEDK NHUDMDDQ.X
VHGLNLWSXQ   :DKDL KDPED.X VHDQGDLQ\D VHMDN RUDQJ
SHUWDPD GLDQWDUD NDOLDQ VDPSDL RUDQJ WHUDNKLU GDUL
JRORQJDQ PDQXVLD GDQ MLQ GLDQWDUD NDOLDQ VHPXDQ\D
VHSHUWLRUDQJ\DQJSDOLQJGXUKDNDGLDQWDUDNDOLDQQLVFD\D
KDO LWX PHQJXUDQJL NHUDMDDQ.X VHGLNLWSXQ MXJD :DKDL
KDPED.X VHDQGDLQ\D  VHMDN RUDQJ SHUWDPD GLDQWDUD
NDOLDQ VDPSDL RUDQJ WHUDNKLU  VHPXQ\D EHUGLUL GL VHEXDK
EXNLW ODOX NDOLDQ PHPLQWD NHSDGD.X ODOX VHWLDS RUDQJ
\DQJ PHPLQWD $NX SHQXKL QLVFD\D KDO LWX WLGDN
PHQJXUDQJL DSD \DQJ DGD SDGD.X NHFXDOL EDJDLNDQ
VHEXDK MDUXP \DQJ GLFHOXSNDQ GL WHQJDK ODXWDQ :DKDL
KDPED.X VHVXQJJXKQ\D VHPXD SHUEXDWDQ NDOLDQ DNDQ
GLSHUKLWXQJNDQ XQWXN NDOLDQ NHPXGLDQ GLEHULNDQ
EDODVDQQ\D VLDSD \DQJ EDQ\DN PHQGDSDWNDQ NHEDLNDDQ
PDND KHQGDNODK GLD EHUV\XNXU NHSDGD $OODK GDQ VLDSD
\DQJPHQHPXNDQVHODLQ NHEDLNDQ LWXMDQJDQODKDGD\DQJ
5LZD\DW0XVOLP
GLFHODNHFXDOLGLULQ\D

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWV

k

 0HQHJDNNDQNHDGLODQGLDQWDUDPDQXVLDVHUWDKDUDPQ\D
NH]DOLPDQ GLDQWDUD PHUHND PHUXSDNDQ WXMXDQ GDUL
DMDUDQ,VODP\DQJSDOLQJSHQWLQJ
 :DMLE EDJL VHWLDS RUDQJ XQWXN PHPXGDKNDQ MDODQ
SHWXQMXNGDQPHPLQWDQ\DNHSDGD$OODKWDDOD
 6HPXDPDNKOXNVDQJDWWHUJDQWXQJNHSDGD$OODKGDODP
PHQGDWDQJNDQ NHEDLNDQ GDQ PHQRODN NHEXUXNDQ
WHUKDGDS GLULQ\D EDLN GDODP SHUNDUD GXQLD PDXSXQ
DNKLUDW
 3HQWLQJQ\D LVWLJKIDU GDUL SHUEXDWDQ GRVD GDQ
VHVXQJJXKQ\D$OODKWDDODDNDQPHQJDPSXQLQ\D

 /HPDKQ\D PDNKOXN GDQ NHWLGDNPDPSXDQ PHUHND


GDODPPHQGDWDQJNDQNHFHODNDDQGDQNHPDQIDDWDQ
 :DMLEEDJLVHWLDSPXPLQXQWXNEHUV\XNXUNHSDGD$OODK
WDDODDWDVQLPDW1\DGDQWDXILT1\D
 6HVXQJJXKQ\D $OODK WDDOD PHQJKLWXQJ VHPXD
SHUEXDWDQVHRUDQJKDPEDGDQPHPEDODVQ\D
 'DODP KDGLWV WHUGDSDW SHWXQMXN XQWXN PHQJHYDOXDVL
GLUL PXKDVDEDK VHUWDSHQ\HVDODQDWDVGRVDGRVD
7HPDKDGLWVGDQD\DWD\DW$O4XUDQ\DQJWHUNDLW
 %HVDUQ\DEDKD\DNH]DOLPDQ  
 $OODKVXPEHUKLGD\DKGDQUH]HNL
 
 .HPXUDKDQGDQDPSXQDQ$OODKWDDOD  
 .HEDLNDQGDQNHEXUXNDQDNDQ NHPEDOLNHSDGDPDQXVLD
   

 lk

+$',76.('8$38/8+/,0$

M   M      


    M M  
   
  O  N   
       
 
 
O    O 
 
  O  M  
 
  
    
   O  
 
 

     
   
   
 
                 
         
>lTi@

.RVDNDWD 

i]gT EHQWXNMDPDNGDULi]g KDUWD i`T MDPDNGDUL i`TSDKDOD


\DQJEDQ\DN

r~ VHVXDWX\DQJEHUOHELK

ij GRVD

vrW NHPDOXDQ PDNVXGQ\D


DGDODKMLPD

7HUMHPDKKDGLWVkf 

'DUL$EX']DUUDGKLDOODKXDQKX 6HVXQJJXKQ\DVHMXPODK
RUDQJ GDUL VKDKDEDW 5DVXOXOODKVKROODOORKX DODLKL ZD VDOODP 
EHUNDWD NHSDGD 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP 
:DKDL 5DVXOXOXOODK RUDQJRUDQJ ND\D WHODK SHUJL GHQJDQ
PHPEDZDSDKDOD\DQJEDQ\DNPHUHNDVKDODWVHEDJDLPDQD
NDPL VKDODW PHUHND SXDVD VHEDJDLPDQD NDPL SXDVD GDQ
PHUHNDEHUVHGHNDKGHQJDQNHOHELKDQKDUWDPHUHND VHGDQJ
NDPL WLGDN GDSDW PHODNXNDQQ\D  5DVXOXOODK VKROODOORKX
DODLKL ZD VDOODP  EHUVDEGD  %XNDQNDK $OODK WHODK
PHQMDGLNDQ EDJL NDOLDQ MDODQ XQWXN EHUVHGHNDK " 
6HVXQJJXKQ\DVHWLDSWDVKELK  PHUXSDNDQVHGHNDKVHWLDS
 <DQJ GLPDNVXG GHQJDQJ PHUHND DGDODK SDUD VKDKDEDW 5DVXOXOODK
VKROODOORKXDODLKLZDVDOODP \DQJIDNLUGDULNDODQJDQ0XKDMLULQ
7DVKELK DGDODKXFDSDQ6KXEKDQDOODK

WDNELU PHUXSDNDQ VHGHNDK VHWLDS WDKPLG PHUXSDNDQ


VHGHNDK VHWLDS WDKOLO PHUXSDNDQ VHGHNDK DPDU PDUXI
QDKL PXQNDU PHUXSDNDQ VHGHNDK GDQ VHWLDS NHPDOXDQ
NDOLDQ PHUXSDNDQ VHGHNDK 0HUHND EHUWDQ\D  <D
5DVXOXOODK PDVDNDK GLNDWDNDQ EHUSDKDOD VHVHRUDQJ
GLDQWDUD NDPL \DQJ PHQ\DOXUNDQ V\DKZDWQ\D " EHOLDX
EHUVDEGD  %DJDLPDQD SHQGDSDW NDOLDQ VHDQGDLQ\D KDO
WHUVHEXWGLVDOXUNDQGLMDODQ\DQJKDUDPEXNDQNDKEDJLQ\D
GRVD " GHPLNLDQODK KDOQ\D MLND KDO WHUVHEXW GLOHWDNNDQ
SDGDMDODQ\DQJKDODOPDNDEDJLQ\DPHQGDSDWNDQSDKDOD
5LZD\DW0XVOLP 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 6LNDS ELMDN GDODP PHQDQJJDSL EHUEDJDL NRQGLVL VHUWD


PHQGDWDQJNDQ NDEDU JHPELUD EDJL MLZD VHUWD
PHQHQDQJNDQSHUDVDDQ
 3DUD VKDKDEDW EHUORPEDORPED XQWXN EHUEXDW
NHEDLNDQ
 /XDVQ\DNHXWDPDDQ$OODKWDDODVHUWDEDQ\DNQ\DSLQWX
SLQWXNHEDLNDQ\DQJGLEXNDEDJLKDPED1\D
 6HPXD EHQWXN ]LNLU VHVXQJJXKQ\D PHUXSDNDQ
VKRGDTRK\DQJGLNHOXDUNDQVHVHRUDQJXQWXNGLULQ\D
 .HELDVDDQNHELDVDDQ PXEDK GDQ SHQ\DOXUDQ V\DKZDW
\DQJ GLV\DULDWNDQ GDSDW PHQMDGL NHWDDWDQ GDQ LEDGDK
MLNDGLLULQJLGHQJDQQLDWVDOHK
 $QMXUDQXQWXNPHPLQWDVHVXDWX\DQJGDSDWEHUPDQIDDW
EDJL VHRUDQJ PXVOLP GDQ \DQJ GDSDW PHQLQJNDWNDQ
GLULQ\DNHGHUDMDW\DQJOHELKVHPSXUQD
 'LGDODPKDGLWVLQLWHUGDSDWNHXWDPDDQRUDQJND\D\DQJ
EHUV\XNXUGDQRUDQJIDNLU\DQJEHUVDEDU
7HPDKDGLWVGDQD\DWD\DW$O4XUDQ\DQJWHUNDLW
,ULWHUKDGDSNHEDLNDQRUDQJODLQ
3LQWXSLQWXNHEDLNDQWHUEXNDOXDV   
0HQFDUL\DQJKDODOGDQPHQMDXKNDQ\DQJKDUDP
0DNVXGQ\DDGDODKPHODNXNDQMLPD GHQJDQLVWUL

 0HQJJXQDNDQVHVXDWXVHVXDL\DQJWHODKGLWHWDSNDQ

 k
+$',76.('8$38/8+(1$0

 M M       


      N 
   N 
    
     
 
       O  
 M  
 

 M    
>liUfWTTi@  
.RVDNDWD 

l

WXODQJSDGDWHODSDN

WDQJDQGDQMDULMDUL \DQJGLPDN

VXGDGDODKVHPXDDQJJRWDWXEXK

x[

wU[

PHQRORQJ

KDUWDEHQGD Q\D

gx[

EHUODNXDGLOPHQGDPDLNDQ

v~i[

PHQJDQJNDW

hT

JDQJJXDQULQWDQJDQ

Xsf

ODQJNDK

s[

PHQJKLODQJNQD

 PHQ\LQJNLUNDQ

7HUMHPDKKDGLWVkf 

'DUL $EX +XUDLUDK UDGKLDOODKXDQKX GLD EHUNDWD 


5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP EHUVDEGD  6HWLDS
DQJJRWD WXEXK PDQXVLD ZDMLE GLVHGHNDKL VHWLDS KDUL
GLPDQD PDWDKDUL WHUELW ODOX HQJNDX EHUODNX DGLO WHUKDGDS
GXDRUDQJ \DQJEHUWLNDL DGDODKVHGHNDKHQJNDXPHQRORQJ

VHVHRUDQJ\DQJEHUNHQGDUDDQODOXHQJNDXEDQWXGLDXQWXN
QDLN NHQGDUDDQ\D DWDX PHQJDQJNDWNDQ EDUDQJQ\D DGDODK
VHGHNDKXFDSDQ\DQJEDLNDGDODKVHGHNDKVHWLDSODQJNDK
NHWLNDHQJNDX EHUMDODQ PHQXMX VKDODW DGDODK VHGHNDK GDQ
PHQJKLODQJNDQJDQJJXDQGDULMDODQDGDODKVHGHNDK
5LZD\DW%XNKRULGDQ0XVOLP

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWV

k 

 %HUV\XNXU NHSDGD $OODK WDDOD VHWLDS KDUL DWDV


NHVHKDWDQDQJJRWDEDGDQ
 $OODK WHODK PHQMDGLNDQ VHEDJDL UDVD V\XNXU WHUKDGDS
QLPDW1\D VHWLDS DQJJRWD EDGDQ XQWXN PHQRORQJ
KDPEDKDPED $OODK WDDOD EHUVHGHNDK NHSDGD PHUHND
GHQJDQPHQJJXQDNDQQ\DVHVXDLNHPDVODKDWDQQ\D
 7HPDVXN VHGHNDK DGDODK  0HQDKDQ WDQJDQ GDQ OLVDQ
XQWXN WLGDN PHQ\DNLWL RUDQJ ODLQ MXVWUX VHKDUXVQ\D
GLJXQDNDQXQWXNPHQXQDLNDQKDNKDNVHWLDSPXVOLP
 -DVDG KDUXV GLNHOXDUNDQ ]DNDWQ\D VHEDJDLPDQD KDUWD
DGD ]DNDWQ\D =DNDW EDGDQ DGDODK PHODNXNDQ
SHUEXDWDQEDLNEHUVHGHNDKGDQSLQWXSLQWXQ\DEDQ\DN
 $QMXUDQXQWXNPHQGDPDLNDQNHGXDEHODKILKDNWRORQJ
PHQRORQJ PHQJXFDSNDQ NDOLPDW \DQJ EDLN EHUMDODQ
PHQXMX VKDODW GDQ PHQ\LQJNLUNDQ SHQJKDODQJ GDUL
VKDODW
 $QMXUDQXQWXN PHPEHUVLKNDQVDUDQDVDUDQDXPXP
 $QMXUDQ XQWXN PHODNXNDQ NHDGLODQ NDUHQD GHQJDQ
NHDGLODQODKGLWHJDNNDQODQJLWGDQEXPL
7HPDWHPDKDGLWVk 

0HQRORQJVHVDPDPDQXVLD
 
0HQMDJDNHSHQWLQJDQEHUVDPD
3HUNDWDDQ \DQJEDLN
   

 k

+$',76.('8$38/8+78-8+

 M        


M        
 
>l Ti @ 
M          
    
     M 
   M       
      
   
>lcgUlPWiTgTWcWgcLUTgl~Uilc\gc@

.RVDNDWD 

.HEDLNDQ

0HQJJDQJJX


M

7HUMHPDKKDGLWVkf 

'RVD

'LNHWDKXLGLVHOLGLNL

'DUL 1DZZDV ELQ 6DPDQ UDGKLDOODKXDQKX  GDUL


5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP EHOLDX EHUVDEGD 
.HEDLNDQ DGDODK DNKODN \DQJ EDLN GDQ GRVD DGDODK DSD
\DQJ WHUDVD PHQJDJJX MLZDPX GDQ HQJNDX WLGDN VXND MLND
GLNHWDKXL  PDQXVLD  5LZD\DW 0XVOLP 'DQ GDUL :DELVKDK
ELQ0DEDGUDGKLDOODKXDQKXGLDEHUNDWD6D\DPHQGDWDQJL
5DVXOXOODK VDZ ODOX EHOLDX EHUVDEGD  (QJNDX GDWDQJ

XQWXNPHQDQ\DNDQNHEDLNDQ"VD\DPHQMZDE<D%HOLDX
EHUVDEGD  0LQWDODK SHQGDSDW GDUL KDWLPX NHEDLNDQ
DGDODKDSD\DQJMLZDGDQKDWLWHQDQJNDUHQDQ\DGDQGRVD
DGDODKDSD\DQJWHUDVDPHQJJDQJJXMLZDGDQPHQLPEXONDQ
NHUDJXUDJXDQ GDODP GDGD PHVNLSXQ RUDQJRUDQJ
PHPEHULIDWZDNHSDGDPXGDQPHUHNDPHPEHQDUNDQQ\D
+DGLWVKDVDQNDPLULZD\DWNDQGDULGXDPXVQDG,PDP$KPDG
ELQ+DQEDOGDQ$G'DULPLGHQJDQVDQDG\DQJKDVDQ

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 7DQGDSHUEXDWDQGRVDDGDODKWLPEXOQ\DNHUDJXUDJXDQ
GDODPMLZDGDQWLGDNVXNDNDODXKDOLWXGLNHWDKXLRUDQJ
ODLQ
 6LDSD \DQJ LQJLQ PHODNXNDQ VXDWX SHUEXDWDQ PDND
KHQGDNODKGLDPHQDQ\DNDQKDOWHUVHEXWSDGDGLULQ\D
 $QMXUDQ XQWXN EHUDNKODN PXOLD NDUHQD DNKODN \DQJ
PXOLDWHUPDVXNXQVXUNHEDLNDQ\DQJVDQJDWEHVDU
 +DWL VHRUDQJ PXPLQ DNDQ WHQDQJ GHQJDQ SHUEXDWDQ
\DQJKDODOGDQJXVDUGHQJDQSHUEXDWDQKDUDP
 0HOLKDW WHUOHELK GDKXOX NHWHWDSDQ KXNXP VHEHOXP
PHQJDPELO WLQGDNDQ $PELOODK \DQJ SDOLQJ GHNDW
GHQJDQNHWDNZDDQGDQNHZDUDDQGDODPDJDPD
 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP
NHWLND
PHQ\DPSDLNDQ VHVXDWX NHSDGD SDUD VKDKDEDWQ\D
VHODOXPHPSHUWLPEDQJNDQNRQGLVLPHUHND
 3HUKDWLDQ ,VODP WHUKDGDS SHQGLGLNDQ VLVL DJDPD \DQJ
EHUVLIDWLQWHUQDO GDODPKDWLRUDQJEHULPDQGDQPHPLQWD
NHSXWXVDQQ\DVHEHOXPPHQJDPELOWLQGDNDQ
7HPDWHPDKDGLWVk 

.HEHQDUDQPHODKLUNDQNHWHQDQJDQKDWL  


+DWLKDWLGDODPPHPEHULIDWZD
 
+DWL\DQJVHKDWVHQVLWLIWHUKDGDSNHEXUXNDQ

 k

+$',76.('8$38/8+'(/$3$1

          


             
               
     M 
 M    
 
    
     
            
 M M 
 
>bcplc\gc  Uhi[TgTgTi@
.RVDNDWD 




PHQDVLKDWL NDPL

WDNXW

0HPHULQWDK

.DOLDQKDUXV

7HUMHPDKKDGLWVkf

1DVLKDW

 EHQWXNMDPDNGDUL KDWL
  KLGXS
.DOLDQMDQJDQ


'DUL$EX1DMLK$O,UEDGKELQ6DULDKUDGKLDOODKXDQKX GLD
EHUNDWD  5DVXOXOODKVKROODOORKX DODLKL ZD VDOODP PHPEHULNDQ
NDPL QDVHKDW \DQJ PHPEXDW KDWL NDPL EHUJHWDU GDQ DLU
PDWDNDPLEHUFXFXUDQ0DNDNDPLEHUNDWD<D5DVXOXOODK
VHDNDQDNDQ LQL PHUXSDNDQ QDVHKDW SHUSLVDKDQ PDND
EHULODK NDPL ZDVLDW 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP

EHUVDEGD6D\DZDVLDWNDQNDOLDQXQWXNEHUWDNZDNHSDGD
$OODK WDDOD WXQGXN GDQ SDWXK NHSDGD SHPLPSLQ NDOLDQ
PHVNLSXQ \DQJ PHPLPSLQ NDOLDQ DGDODK VHRUDQJ EXGDN
.DUHQD GLDQWDUD NDOLDQ \DQJ KLGXS VHWHODK LQL  DNDQ
PHQ\DNVLNDQ EDQ\DNQ\D SHUVHOLVLKDQ +HQGDNODK NDOLDQ
EHUSHJDQJ WHJXK WHUKDGDS DMDUDQNX GDQ DMDUDQ
.KXODIDXUUDV\LGLQ \DQJ PHQGDSDWNDQ SHWXQMXN JLJLWODK
JHQJJDPODK GHQJDQ NXDW  GHQJDQ JHUDKDP +HQGDNODK
NDOLDQ PHQJKLQGDUL SHUNDUD \DQJ GLDGDDGDNDQ NDUHQD
VHPXDSHUNDUDELGDKDGDODKVHVDW
5LZD\DW$EX'DXGGDQ7XUPX]LGLDEHUNDWDKDVDQVKDKLK

3HODMDUDQ
 %HNDV \DQJ GDODP GDUL QDVHKDW 5DVXOXOODK VKROODOORKX
DODLKL ZD VDOODP GDODP MLZD SDUD VKDKDEDW +DO WHUVHEXW
PHUXSDNDQWDXODGDQEDJLSDUDGDLGLMDODQ$OODKWDDOD
 7DTZD PHUXSDNDQ \DQJ SDOLQJ SHQWLQJ XQWXN
GLVDPSDLNDQ VHRUDQJ PXVOLP NHSDGD PXVOLP ODLQQ\D
NHPXGLDQ PHQGHQJDU GDQ WDDW NHSDGD SHPHULQWDK
VHODPDWLGDNWHUGDSDWGLGDODPQ\DPDNVLDW
 .HKDUXVDQ XQWXN EHUSHJDQJ WHJXK WHUKDGDS VXQQDK
1DELGDQVXQQDK.KXODIDXUUDV\LGLQNDUHQDGLGDODPQ\D
WHUGDSDW NHPHQDQJDQ GDQ NHVXNVHVDQ NKXVXVQ\D
WDWNDODEDQ\DNWHUMDGLSHUEHGDDQGDQSHUSHFDKDQ
 +DGLWV LQL PHQXQMXNNDQ WHQWDQJ VXQQDKQ\D
PHPEHULNDQ ZDVLDW VDDW EHUSLVDK NDUHQD GLGDODPQ\D
WHUGDSDWNHEDLNDQGDQNHEDKDJLDDQGXQLDGDQDNKLUDW
 /DUDQJDQXQWXNPHODNXNDQKDO\DQJEDUXGDODPDJDPD
ELGDK \DQJWLGDNPHPLOLNLODQGDVDQGDODPDJDPD
7HPDKDGLWV

k 

 $QMXUDQEHUZDVLDWPHQMHODQJNHPDWLDQ 
 %HUSHJDQJ WHJXK NHSDGD VXQQDK 5DVXO GDQ PHQMDXKL
ELGDK  
 3DWXKNHSDGDSLPSLQDQ 

 k

+$',76.('8$38/8+6(0%,/$1

                
           
              
   
          

  

  N   
            
          `   M

           =M ^  


  
              
   
 O      
   
         
      M     
  M           
>bcplc\gc  Uhi[TTi@   
.RVDNDWD 

il 0XGDK

Y0`
 7DPHQJSHOLQGXQJ

Rs[

~U`[[

0HPDGDPNDQ

MDXK

v`Ur MDPDNGDULv`r WHPSDW


EHUEDULQJWHPSDWWLGXU

Xih

gSUpc

3XQFDN

 NXQFLVHPXDQ\D
'LPDVXNNDQ

MDPDNGDULXgpc 

SDQHQEXDKDNLEDW

7HUMHPDKKDGLWV

T}` 3HUWHQJDKDQPDODP
W` MDPDNGDULV` 
3LQJJDQJ

gw

WLDQJ

0}A

7DKDQODK

Ul

3XQXNRQWD

ifU MDPDNGDULif 
KLGXQJ

YlL MDPDNGDULUl 

kf 

'DUL 0XD] ELQ -DEDO UDGKLDOODKXDQKX GLD EHUNDWD  6D\D


EHUNDWD  <D 5DVXOXOODK EHULWDKXNDQ VD\D WHQWDQJ
SHUEXDWDQ \DQJ GDSDW PHPDVXNNDQ VD\D NH GDODP V\XUJD
GDQ PHQMDXKNDQ VD\D GDUL QHUDND EHOLDX EHUVDEGD
(QJNDX WHODK EHUWDQ\D WHQWDQJ VHVXDWX \DQJ EHVDU GDQ
SHUNDUD WHUVHEXW PXGDK EDJL PHUHND \DQJ GLPXGDKNDQ
$OODK WDDOD  %HULEDGDK NHSDGD $OODK GDQ WLGDN
PHQ\HNXWXNDQQ\D VHGLNLWSXQ PHQHJDNNDQ VKDODW
PHQXQDLNDQ ]DNDW SXDVD 5DPDGKDQ  GDQ SHUJL KDML
.HPXGLDQ EHOLDX 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP 
EHUVDEGD0DXNDKHQJNDXDNXEHULWDKXNDQWHQWDQJSLQWX
SLQWX V\XUJD " 3XDVD DGDODK EHQWHQJ 6RGDTRK DNDQ
PHPDWLNDQ PHQJKDSXV  NHVDODKDQ VHEDJDLPDQD DLU
PHPDWLNDQ DSL GDQ VKDODWQ\D VHVHRUDQJ GL WHQJDK PDODP
TL\DPXOODLO  NHPXGLDQ EHOLDX PHPEDFDNDQ D\DW \DQJ
DUWLQ\D    /DPEXQJ PHUHND MDXK GDUL WHPSDW WLGXUQ\D
.HPXGLDQ EHOLDX EHUVDEGD 0DXNDK NDOLDQ DNX
EHULWDKXNDQ SRNRN GDUL VHJDOD SHUNDUD WLDQJQ\D GDQ
SXQFDNQ\D " DNX PHQMDZDE  0DX \D 1DEL $OODK 3RNRN
SHUNDUD DGDODK ,VODP WLDQJQ\D DGDODK VKDODW GDQ
SXQFDNQ\D DGDODK -LKDG .HPXGLDQ EHOLDX EHUVDEGD 

0DXNDK NDOLDQ DNX EHULWDKXNDQ VHVXDWX \DQJ MLND NDOLDQ


ODNVDQDNDQ  NDOLDQ GDSDW PHPLOLNL VHPXD LWX " VD\D
EHUNDWD  0DX \D 5DVXOXOODK 0DND 5DVXOXOODK PHPHJDQJ
OLVDQQ\D ODOX EHUVDEGD -DJDODK LQL GDUL SHUNDWDDQ
NRWRUEXUXN  6D\D EHUNDWD <D 1DEL $OODK DSDNDK NLWD
DNDQGLKXNXPMXJDDWDVDSD\DQJNLWDELFDUDNDQ"EHOLDX
EHUVDEGD $K NDPX LQL DGDNDK \DQJ PHQ\HEDENDQ
VHVHRUDQJ WHUMXQJNHO ZDMDKQ\D GL QHUDND DWDX VDEGD
EHOLDXGLDWDVKLGXQJQ\D VHODLQEXDKGDUL\DQJGLXFDSNDQ
ROHKOLVDQOLVDQPHUHND
5LZD\DW7XUPX]LGDQGLDEHUNDWD+DGLWVQ\DKDVDQVKDKHK
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 3HUKDWLDQ VKDKDEDW \DQJ VDQJDW EHVDU XQWXN PHOD


NXNDQDPDO\DQJGDSDWPHPDVXNNDQPHUHNDNHV\XUJD
 $PDO SHUEXDWDQ PHUXSDNDQ VHEDE PDVXN V\XUJD MLND
$OODK PHQHULPDQ\D GDQ KDO LQL WLGDN EHUWHQWDQJDQ
GHQJDQ VDEGD 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP
7LGDN PDVXN V\XUJD VHWLDS NDOLDQ GHQJDQ DPDOQ\D 
0DNQD KDGLWV WHUVHEXW DGDODK EDKZD DPDO GHQJDQ
VHQGLULQ\D WLGDN EHUKDN PHPDVXNNDQ VHVHRUDQJ NH
V\XUJD VHODPD $OODK EHOXP PHQHULPDQ\D GHQJDQ
NDUXQLD1\DGDQ5DKPDW1\D
 0HQWDXKLGNDQ $OODK GDQ PHQXQDLNDQ NHZDMLEDQQ\D
DGDODKVHEDEPDVXNQ\DVHVHRUDQJNHGDODPV\XUJD
 6KDODWVXQQDKVHWHODKVKDODWIDUGKXPHUXSDNDQVHEDE
NHFLQWDDQ$OODKWDDODNHSDGDKDPEDQ\D
 %DKD\D OLVDQ GDQ SHUEXDWDQQ\D DNDQ GLEDODV GDQ
EDKZD GLD GDQ PHQFDPSDNNDQ VHVHRUDQJ NH QHUDND
NDUHQDXFDSDQQ\D
7HPDWHPDKDGLWVk 

 +DNHNDWNHVHODPDWDQPDVXNV\XUJDGDQWHUKLQGDUGDUL
QHUDND  
 $OODKPHPXGDKNDQVHWLDSXSD\DNHEDLNDQ 
 4L\DPXOODLO
 

 .HXWDPDDQ-LKDG  


 0HQMDJDOLVDQ   

k

+$',76.(7,*$38/8+

       



   
  
  
 M   
    
        
    
   
    
>i{siTgTTilc\gc@

'DUL $EL 7VDODEDK $O .KXV\DQL -XUWVXP ELQ 1DV\LU


UDGKLDOODKXDQKX GDUL 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP
GLD EHUNDWD  6HVXQJJXKQ\D $OODK WDDOD WHODK PHQHWDSNDQ
NHZDMLEDQNHZDMLEDQ
PDND
MDQJDQODK
NDOLDQ
PHQJDEDLNDQQ\D GDQ WHODK PHQHWDSNDQ EDWDVDQ
EDWDVDQQ\D MDQJDQODK NDOLDQ PHODPSDXLQ\D 'LD WHODK
PHQJKDUDPNDQ VHJDOD VHVXDWX PDND MDQJDQODK NDOLDQ
PHODQJJDUQ\D 'LD PHQGLDPNDQ VHVXDWX VHEDJDL NDVLK
VD\DQJ EXDW NDOLDQ GDQ EXNDQ NDUHQD OXSD MDQJDQ NDOLDQ
PHQFDULFDULWHQWDQJQ\D
+DGLWVKDVDQULZD\DW'DUXTXWKQLGDQODLQQ\D 

+DGLWV LQL GLNDWDJRULNDQ VHEDJDL KDGLWV GKRLI   /LKDW 4RZDLG ZD


)DZDLG 0LQDO $UEDLQ $Q 1DZDZLDK NDUDQJDQ 1D]LP 0XKDPPDG
6XOWKDQKDO/LKDWSXOD0LV\NDWXO0DVKDELKWDNKULM6\HNK$O$OEDQL
KDGLWV QR  MX]  /LKDW SXOD -DPL $O 8OXP ZDO +LNDPROHK ,EQX
5DMDE 

 +DGLWV GKRLI DGDODK KDGLWV \DQJ OHPDK NHGXGXNDQQ\D GDQ WLGDN
GDSDWGLMDGLNDQVHEDJDLGDOLO

 kk

+$',76.(7,*$38/8+6$78

                 
M    M M   
                  

        
>YlcgUlMWi{Y`UWTTilc\gc@
.RVDNDWD 

g 7XQMXNNDQ
NHSDGDNX

7HUMHPDKKDGLWVkf

WcL 0HQFLQWDL NX


gjT

%HUVLNDS]XKXGODK

'DUL $EX $EEDV 6DKO ELQ 6DDG $VVDLGL


UDGKLDOODKXDQKX GLD EHUNDWD  6HVHRUDQJ PHQGDWDQJL
5DVXOXOODKVKROODOORKXDODLKLZDVDOODPPDNDEHOLDXEHUNDWD
:DKDL 5DVXOXOODK WXQMXNNDQ NHSDGDNX VHEXDK DPDODQ
\DQJ MLND DNX NHUMDNDQ $OODK GDQ PDQXVLD DNDQ
PHQFLQWDLNX PDND EHOLDX EHUVDEGD =XKXGODK WHUKDGDS
GXQLD PDND HQJNDX DNDQ GLFLQWDL $OODK GDQ ]XKXGODK
WHUKDGDS DSD \DQJ DGD SDGD PDQXVLD PDND HQJNDX DNDQ
GLFLQWDLPDQXVLD
+DGLWV KDVDQ ULZD\DW ,EQX 0DMDK GDQ ODLQQ\D GHQJDQ VDQDG
KDVDQ 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk

 0HQXQWXW NHFXNXSDQ WHUKDGDS GXQLD DGDODK SHUNDUD


ZDMLE VHGDQJ ]XKXG DGDODK WLGDN DGDQ\D NHWHU
JDQWXQJDQGDQWHUSXVDWQ\DSHUKDWLDQWHUKDGDSQ\D
 %HUVLNDS TDQDDK WHUKDGDS UL]NL \DQJ KDODO GDQ ULGKR
WHUKDGDSQ\DVHUWDEHUVLNDSLIIDKGDUL SHUEXDWDQKDUDP
GDQKDWLKDWLWHUKDGDSV\XEKDW
 -LZD \DQJ PHUDVD FXNXS GDQ LIIDK VHUWD EHUNRUEDQ
GHQJDQ KDUWD GDQ MLZD GL MDODQ $OODK PHUXSDNDQ
KDNHNDW]XKXG
7HPDWHPDKDGLWVk 

 =XKXG
   
 0HQJKLQGDULSHQ\DNLWKDVDG GHQJNL 

 Hk

+$',76.(7,*$38/8+'8$

 M        


     M M
M0sG T ~ UTi  ;Tg?l U i{
?  GsAiT gT `
 UWTTi l
 c =\g c@

g x l UWL ?s?lM?~0l
  ?w:T0pW 0Tw W L w c
Wiw w ;li
.RVDNDWD

iir PHPEDKD\DNDQGLUL

>;UrxW Ur
 xW ? =iAs ?

iTir PHQLPEXONDQEDKD\D
WHUKDGDSRUDQJODLQ

7HUMHPDKKDGLWVkf 

'DUL$EX6DLG6DDGELQ6LQDQ$O.KXGULUDGKLDOODKXDQKX
VHVXQJJXKQ\D 5DVXOXOODK VDZ EHUVDEGD   7LGDN EROHK

PHODNXNDQ SHUEXDWDQ PXGKDUDW  \DQJ PHQFHODNDNDQ GLUL


VHQGLULGDQRUDQJODLQ
+DGLWV KDVDQ GLULZD\DWNDQ ROHK ,EQX 0DMDK GDQ 'DUXTXWQL VHUWD
VHODLQQ\D GHQJDQ VQDG \DQJ EHUVDPEXQJ MXJD GLULZD\DWNDQ ROHK ,PDP
0DOLNGDODP0XZDWWKRVHFDUDPXUVDOGDUL$PUELQ<DK\DGDULEDSDNQ\D
GDUL 5DVXOXOODK VDZ GLD WLGDN PHQ\HEXWNDQ $EX 6DLG $NDQ WHWDSL GLD
PHPLOLNL MDODQMDODQ \DQJ PHQJXDWNDQ VHEDJLDQQ\D DWDV VHEDJLDQ \DQJ
ODLQ 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk



/DUDQJDQPHODNXNDQVHVXDWDX\DQJEHUEDKD\D
WHUPDVXN VHVXDWX \DQJ GLKDUDPNDQ DGDODK VHVXDWX
\DQJ EHUEDKD\D VHSHUWL URNRN PHQJHQGDUDL
NHQGDUDDQGHQJDQFHURERK

 


+$',76.(7,*$38/8+7,*$

  M  M    


           
      
>ccpT~rxWThi{WTTilc\gc@

.RVDNDWD 

?sx
YWT

'LEHULNDQ

%XNWL

6XPSDK

wgT

wgT
iT

0HQXGXK

2UDQJ\DQJPHQXGXK

0HQJLQJNDUL

7HUMHPDKKDGLWVkf 

'DUL ,EQX $EEDV UDGKLDOODKXDQKXPD VHVXQJJXKQ\D


5DVXOXOODK VDZ  6HDQGDLQ\D VHWLDS SHQJDGXDQ PDQXVLD
GLWHULPD QLVFD\D VHWLDS RUDQJ DNDQ PHQJDGXNDQ KDUWD
VXDWX NDXP GDQ GDUDK PHUHND NDUHQD LWX DJDU WLGDN
WHUMDGL KDO WHUVHEXW  PDND EDJL SHQGDNZD DJDU
PHQGDWDQJNQ
EXNWL
GDQ
VXPSDK
EDJL
\DQJ
PHQJLQJNDULQ\D
+DGLWVKDVDQULZD\DW%DLKDTLGDQODLQQ\D\DQJVHEDJLDQQ\DWHUGDSDW
GDODP$V6KDKLKDLQ

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 6HRUDQJ KDNLP KDUXV PHPLQWD GDUL NHGXD RUDQJ \DQJ


EHUVHQJNHWD VHVXDWX \DQJ GDSDW PHQJXDWNDQ
SHQJDNXDQPHUHND
 6HRUDQJ KDNLP WLGDN EROHK PHPXWXVNDQ VHEXDK
SHUNDUD GHQJDQ PHQJKDODONDQ \DQJ KDUDP GDQ
PHQJKDUDPNDQ\DQJKDODO
 3DGD GDVDUQ\D VHVHRUDQJ EHEDV GDUL WXGXKDQ KLQJJD
WHUEXNWLSHUEXDWDQMDKDWQ\D
 6HRUDQJKDNLPKDUXVEHUXVDKDNHUDVXQWXNPHQJHWDKXL
SHUPDVDODKDQ VHEHQDUQ\D GDQ PHQMHODVNDQ KXNXPQ\D
EHUGDVDUNDQDSD\DQJWDPSDNEDJLQ\D
 %HUVXPSDKKDQ\DGLSHUEROHKNDQDWDVQDPD$OODK
7HPDWHPDKDGLWVk 

 +XNXPKDUXVGLWHJDNNDQ  


 3HQHJDNNDQ KXNXP KDUXV EHUGDVDUNDQ SULQVLS \DQJ
MHODV   

 k

+$',76.(7,*$ 38/8+(03$7

 
      
    
         
    
 
>@    
.RVDNDWD 

i2?| 0HUXEDK

}xrL <DQJSDOLQJOHPDK

7HUMHPDKKDGLWVkf 

'DUL $EX 6DLG $O .KXGUL UDGLDOODKXDQKX EHUNDWD 


6D\D PHQGHQJDU 5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP
EHUVDEGD6LDSD\DQJPHOLKDWNHPXQNDUDQPDNDUXEDKODK
GHQJDQ WDQJDQQ\D MLND WLGDN PDPSX PDND UXEDKODK
GHQJDQOLVDQQ\DMLNDWLGDNPDPSXPDND WRODNODK GHQJDQ
KDWLQ\D GDQ KDO WHUVHEXW DGDODK VHOHPDKOHPDKQ\D LPDQ
5LZD\DW0XVOLP 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 0HQHQWDQJ SHODNX NHEDWLODQ GDQ PHQRODN NHPXQNDUDQ


DGDODKNHZDMLEDQ\DQJGLWXQWXWGDODPDMDUDQ,VODPDWDV
VHWLDSPXVOLPVHVXDLNHPDPSXDQGDQNHNXDWDQQ\D
 5LGKR WHUKDGDS NHPDNVLDWDQ  WHUPDVXN GLDQWDUD GRVD
GRVDEHVDU
 6DEDU PHQDQJJXQJ NHVXOLWDQ GDQ DPDU PDUXI QDKL
PXQNDU
 $PDOPHUXSDNDQEXDKGDULLPDQPDNDPHQ\LQJNLUNDQ
NHPXQNDUDQMXJDPHUXSDNDQEXDKQ\DNHLPDQDQ
 0HQJLQJNDUL GHQJDQ KDWL GLZDMLENDQ NHSDGD VHWLDS
PXVOLP VHGDQJNDQ SHQJLQJNDUDQ GHQJDQ WDQJDQ GDQ
OLVDQEHUGDVDUNDQNHPDPSXDQQ\D
7HPDWHPDKDGLWV

k 





.HXWDPDDQPHQJDWDVLNHPXQNDUDQ  


5HDOLVDVLLPDQ   
7LQJNDWDQLPDQ 

 lk

+$',76.(7,*$38/8+/,0$

        


                   
           
                 
N    
 
    
>@
.RVDNDWD 

b  NDOLDQ VDOLQJGHQJNL   NDOLDQ VDOLQJPHQLSX


  NDOLDQ  VDOLQJ   NDOLDQ VDOLQJPHPX
PHPEHQFL
  PHQMXDO

y 0HQJKLQD Q\D
^ &XNXS

WXVNDQKXEXQJDQ
z 0HUHQGDKNDQ Q\D

GDGD Q\D

7HUMHPDKKDGLWVkf 

'DUL $EX +XUDLUDK UDGKLDOODKXDQKX GLD EHUNDWD 


5DVXOXOODK VKROODOORKX DODLKL ZD VDOODP EHUVDEGD  -DQJDQODK
NDOLDQ VDOLQJ GHQJNL VDOLQJ PHQLSX VDOLQJ PDUDK GDQ

VDOLQJ PHPXWXVNDQ KXEXQJDQ 'DQ MDQJDQODK NDOLDQ


PHQMXDO VHVXDWX \DQJ WHODK GLMXDO NHSDGD RUDQJ ODLQ
-DGLODK NDOLDQ KDPEDKDPED $OODK \DQJ EHUVDXGDUD 
6HRUDQJPXVOLPDGDODKVDXGDUDEDJLPXVOLP\DQJODLQQ\D
GLD  WLGDN PHQ]DOLPLQ\D GDQ PHQJDEDLNDQQ\D WLGDN
PHQGXVWDNDQQ\DGDQWLGDNPHQJKLQDQ\D7DTZDLWXGLVLQL
VHUD\D PHQXQMXN GDGDQ\D VHEDQ\DN WLJD NDOL  &XNXSODK
VHRUDQJ PXVOLP GLNDWDNDQ EXUXN MLND GLD PHQJKLQD
VDXGDUDQ\D\DQJPXVOLP6HWLDSPXVOLPDWDVPXVOLP\DQJ
ODLQ KDUDP GDUDKQ\D KDUWDQ\D GDQ NHKRUPDWDQQ\D 
5LZD\DW0XVOLP

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 /DUDQJDQXQWXNVDOLQJGHQJNL
 /DUDQJDQXQWXNEHUEXDWNHMLGDQPHQLSXGDODPXUXVDQ
MXDOEHOL
 'LKDUDPNDQ XQWXN PHPXWXVNDQ KXEXQJDQ WHUKDGDS
PXVOLP 6HEDOLNQ\D KDUXV GLMDJD SHUVDXGDUDDQ GDQ
KDNKDNQ\DNDUHQD$OODKWDDOD
 ,VODP EXNDQKDQ\DDTLGDKGDQLEDGDKVDMDWHWDSLMXJD
GLGDODPQ\DWHUGDSDWXUXVDQDNKODNGDQPXDPDODK
 +DWLPHUXSDNDQVXPEHUUDVDWDNXWNHSDGD$OODKWDDOD
 7DTZD PHUXSDNDQ EDURPHWHU NHXWDPDDQ GDQ
WLPEDQJDQVHVHRUDQJ
 ,VODP PHPHUDQJL VHPXD DNKODN WHUFHOD NDUHQD KDO
WHUVHEXWEHUSHQJDUXKQHJDWLIGDODPPDV\DUDNDW,VODP
7HPDWHPDKDGLWVk 

 0HQFLSWDNDQ SHUJDXODQ \DQJ EDLN GDQ KDUPRQLV  



 5HDOLVDVLXNKXZDK,VODPL\DK 
 %DURPHWHUNHKLGXSDQ7DTZD 
 'LKRUPDWLQ\DKDNGDQPDUWDEDWVHRUDQJPXVOLP 
 

 k

+$',76.(7,*$38/8+(1$0

 M M      


      M         M 
               
            
        
      
    
      M       
   M  
         
  
     
.RVDNDWD 

k0

0HULQJDQNDQDWDX

Vi YWi

i l

0HPXGDKNDQ

0HQHPSXK

i ?[l

v[`T

YlT

PHQJKLODQJNDQ

0HQXWXSL

%HUNXPSXO

.HWHQDQJDQ

[c PHQJHOLOLQJL PHUHND

&REDDQEHUDW

ilx

2UDQJ\DQJNHVXOLWDQ

0HPXGDKNDQ

3HUWRORQJDQ

liTg[  0HUHND VDOLQJ

PHPSHODMDUL Q\D

[n{

/LSXWLFXUDKNDQ
NHSDGDPHUHND

uil 6HJHUD

7HUMHPDKKDGLWVkf 

MsW /DPEDW

'DUL$EX+XUDLUDKUDGKLDOODKXDQKXGDUL5DVXOXOODKVDZ
EHUVDEGD  6LDSD \DQJ PHQ\HOHVDLNDQ NHVXOLWDQ VHRUDQJ
PXPLQ GDUL EHUEDJDL NHVXOLWDQNHVXOLWDQ GXQLD QLVFD\D
$OODK DNDQ PHPXGDKNDQ NHVXOLWDQNHVXOLWDQQ\D KDUL
NLDPDW 'DQ VLDSD \DQJ PHPXGDKNDQ RUDQJ \DQJ VHGDQJ
NHVXOLWDQ QLVFD\D DNDQ $OODK PXGDKNDQ EDJLQ\D GL GXQLD
GDQDNKLUDWGDQVLDSD\DQJPHQXWXSL DLE VHRUDQJPXVOLP
$OODK DNDQ WXWXSNDQ DLEQ\D GL GXQLD GDQ DNKLUDW $OODK
VHODOX PHQRORQJ KDPEDQ\D VHODPD KDPEDQ\D PHQRORQJ
VDXGDUDQ\D 6LDSD \DQJ PHQHPSXK MDODQ XQWXN
PHQGDSDWNDQLOPXDNDQ$OODKPXGDKNDQEDJLQ\DMDODQNH
V\XUJD6HEXDKNDXP\DQJEHUNXPSXOGLVDODKVDWXUXPDK
$OODK PHPEDFD NLWDENLWDE $OODK GDQ PHPSHODMDULQ\D
GLDQWDUD PHUHND QLVFD\D DNDQGLWXUXQNDQNHSDGDPHUHND
NHWHQDQJDQ GDQ GLOLPSDKNDQ NHSDGD PHUHND UDKPDW GDQ
PHUHNDGLNHOLOLQJLPDODLNDWVHUWD$OODKVHEXWVHEXWPHUHND
NHSDGD PDNKOXN GLVLVL1\D 'DQ VLDSD  \DQJ ODPEDW
DPDOQ\DKDOLWXWLGDNDNDQGLSHUFHSDWROHKQDVDEQ\D
3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk 

 6LDSD \DQJ PHPEDQWX VHRUDQJ PXVOLP GDODP


PHQ\HOHVDLNDQ NHVXOLWDQQ\D PDND DNDQ GLD GDSDWNDQ
SDGD KDUL NLDPDW VHEDJDL WDEXQJDQQ\D \DQJ DNDQ
PHPXGDKNDQ NHVXOLWDQQ\D GL KDUL \DQJ VDQJDW VXOLW
WHUVHEXW
 6HVXQJJXKQ\D SHPEDODVDQ GLVLVL $OODK WDDOD VHVXDL
GHQJDQMHQLVSHUEXDWDQQ\D
 %HUEXDW EDLN NHSDGD PDNKOXN PHUXSDQ FDUD XQWXN
PHQGDSDWNDQNHFLQWDDQ$OODKWDDOD
 0HPEHQDUNDQ QLDW GDODP UDQJND PHQFDUL LOPX GDQ
LNKODV GLGDODPQ\D DJDU WLGDN PHQJJXJXUNDQ SDKDOD
VHKLQJJDDPDOQ\DGDQNHVXQJJXKDQQ\DVLDVLD

 0HPRKRQ SHUWRORQJDQ NHSDGD $OODK WDDOD GDQ


NHPXGDKDQ GDUL1\D NDUHQD NHWDDWDQ WLGDN DNDQ
WHUODNVDQD NHFXDOL NDUHQD NHPXGDKDQ GDQ NDVLK
VD\DQJ1\D
 6HODOX PHPEDFD $O 4XUDQ PHPDKDPLQ\D GDQ
PHQJDPDONDQQ\D
 .HXWDPDDQGXGXNGLUXPDK$OODKXQWXNPHQJNDMLLOPX
7HPDWHPDKDGLWV





k 

0HQXPEXKNDQNHSHNDDQVRVLDO  


0HQMDJDQDPDEDLNVHVHRUDQJ 
0HQXPEXKNDQWUDGLVLLOPLDK  
%HULQWHUDNVLWHUKDGDS$O4XUDQ   

 k

+DGLWVNHWLJDSXOXKWXMXK

  
      

 

 M       
       
     
  
            
        
       
          
>}icThWUccp~liUfWTTi@
.RVDNDWD

W 0HQMHODVNDQ

0HQMHODVNDQ

}UxrL }xr .HOLSDWDQ

7HUMHPDKKDGLWVkf 

YSl .HEXUXNDQ

'DUL ,EQX $EEDV UDGKLDOODKXDQKXPD GDUL 5DVXOXOODK


VDZVHEDJDLPDQDGLDULZD\DWNDQGDUL5DEEQ\D<DQJ0DKD
6XFL GDQ 0DKD 7LQJJL  6HVXQJJXKQ\D $OODK WHODK
PHQHWDSNDQ NHEDLNDQ GDQ NHEXUXNDQ NHPXGLDQ
PHQMHODVNDQKDO WHUVHEXW6LDSD\DQJLQJLQPHODNVDQDNDQ
NHEDLNDQ NHPXGLDQ GLD WLGDN PHQJDPDONDQQ\D PDND
GLFDWDW GLVLVL1\D VHEDJDL VDWX NHEDLNDQ SHQXK 'DQ MLND
GLDEHUQLDWPHODNXNDQQ\DGDQNHPXGLDQPHODNVDQDNDQQ\D
PDND $OODK DNDQ PHQFDWDWQ\D VHEDJDL VHSXOXK NHEDLNDQ
KLQJJDWXMXKUDWXVNDOLOLSDWEDKNDQKLQJJDNHOLSDWDQ\DQJ
EDQ\DN 'DQ MLND GLD EHUQLDW PHODNVDQDNDQ NHEXUXNDQ
NHPXGLDQ GLD WLGDN PHODNVDQDNDQQ\D PDND EDJLQ\D VDWX
NHEDLNDQ SHQXK VHGDQJNDQ MLND GLD EHUQLDW NHPXGLDQ GLD
PHODNVDQDNDQQ\D $OODK PHQFDWDWQ\D VHEDJDL VDWX
NHEXUXNDQ
5LZD\DW %XNKRUL GDQ 0XVOLP GDODP NHGXD VKDKLKQ\D GHQJDQ UHGDNVL
LQL 

3HODMDUDQ
 .DVLK VD\DQJ $OODK WHUKDGDS KDPED1\D \DQJ EHULPDQ
VDQJDW OXDV GDQ DPSXQDQQ\D PHQ\HOXUXK VHGDQJ
SHPEHULDQ1\DWLGDNWHUEDWDV
 6HVXQJJXKQ\D DSD\DQJWLGDNNXDVDROHKPDQXVLDGLD
WLGDNGLSHUKLWXQJNDQGDQGLSDNVDPHQXQDLNDQQ\D
 $OODK WLGDN PHQJKLWXQJ NHLQJLQDQ KDWL GDQ NHKHQGDN
SHUEXDWDQ PDQXVLD NHFXDOL MLND NHPXGLDQ GLEXNWLNDQ
GHQJDQDPDOSHUEXDWDQGDQSUDNWHN
 6HRUDQJ PXVOLP KHQGDNODK PHQLDWNDQ SHUEXDWDQ EDLN
VHODOXGDQPHPEXNWLNDQQ\DGLKDUDSNDQGHQJDQEHJLWX
DNDQ GLWXOLV SDKDODQ\D GDQ JDQMDUDQQ\D GDQ GLULQ\D
WHODK VLDS XQWXN PHODNVDQDNDQQ\D MLND VHEDEQ\DWHODK
WHUVHGLD
 6HPDNLQEHVDUWLQJNDWNHLNKODVDQVHPDNLQEHUOLSDWOLSDW
SDKDODGDQJDQMDUDQ

7HPDKDGLWV

k 

$QMXUDQEHUORPEDORPEDXQWXNNHEDLNDQ  

 k

+DGLWV.HWLJDSXOXKGHODSDQ

        


           M 

      


    
  
  
  M       
    M   M  M
       
>@
.RVDNDWD 

gUw 0HPXVXKL

[ hJ  $NX L]LQNDQ

~TT MDPDNGDULY~U SHUNDUD

[ ri[~T  $NX ZDMLENDQ

Vi[ 0HQGHNDWNDQGLULEHULEDGDK
SHUNDUDVXQQDK

hUx[lT 0LQWDSHUOLQGXQJDQ
NHSDGD.X

7HUMHPDKKDGLWVkf 

XPXPNDQ NHSDGDQ\D
SDGDQ\D

msW 0HPXNXOPHQDPSDU

hwL  $NX OLQGXQJL GLD

'DUL$EX+XUDLUDKUDGKLDOODKXDQKXEHUNDWD5DVXOXOODK
VDZEHUVDEGD6HVXQJJXK\D$OODKWDDODEHUILUPDQ6LDSD
\DQJ PHPXVXKL ZDOLNX PDND $NX WHODK PHQJXPXPNDQ
SHUDQJ GHQJDQQ\D 7LGDN DGD WDTDUUXEQ\D VHRUDQJ KDPED
NHSDGD.X\DQJOHELKDNXFLQWDLNHFXDOLGHQJDQEHULEDGDK
GHQJDQ DSD \DQJ WHODK $NX ZDMLENDQ NHSDGDQ\D 'DQ
KDPEDNX\DQJVHODOXPHQGHNDWNDQGLULNHSDGD.XGHQJDQ
QDZDILO SHUNDUDSHUNDUDVXQQDKGLOXDU\DQJIDUGKX PDND
$NX DNDQ PHQFLQWDLQ\D GDQ MLND $NX WHODK PHQFLQWDLQ\D
PDND$NXDGDODKSHQGHQJDUDQQ\D\DQJGLDJXQDNDQXQWXN
PHQGHQJDU SHQJOLKDWDQQ\D \DQJ GLD JXQDNDQ XQWXN
PHOLKDW WDQJDQQ\D \DQJ GLJXQDNDQQ\D XQWXN PHPXNXO
GDQ NDNLQ\D \DQJ GLJXQDNDQ XQWXN EHUMDODQ -LND GLD
PHPLQWD NHSDGDNX QLVFD\D DNDQ DNX EHULNDQ GDQ MLND GLD
PLQWD SHUOLQGXQJDQ GDUL.X QLVFD\D DNDQ $NX OLQGXQJL 
5LZD\DW%XNKRUL
3HODMDUDQ\DQJGDSDWGLDPELOGDULKDGLWVk

 %HVDUQ\D NHGXGXNDQ VHRUDQJ ZDOL NDUHQD GLULQ\D


GLDUDKNDQGDQGLEHODROHK$OODKWDDOD
 3HUEXDWDQ3HUEXDWDQ IDUGKX PHUXSDNDQ SHUEXDWDQ
SHUEXDWDQ\DQJGLFLQWDL$OODKWDDOD
 6LDSD \DQJ NRQWLQ\X PHODNVDQDNDQ VXQQDK GDQ
PHQJKLQGDU GDUL SHUEXDWDQ PDNVLDW PDND GLD DNDQ
PHUDLKNHFLQWDDQ$OODKWDDOD
 -LND $OODK WDDOD WHODK PHQFLQWDL VHVHRUDQJ PDND GLD
DNDQPHQJDEXONDQGRDQ\D
7HPDWHPDKDGLWVk 

 3HPDKDPDQ\DQJEHQDUWHQWDQJZDOL 
 .HXWDPDDQLEDGDKQDZDILO VXQQDK  
 .HNXDWDQGDUL$OODK  

 k

+$',76.(7,*$38/8+6(0%,/$1

 M   M      


            M 

>Ui{WTY`UWTTilc\gc@
jU`[ 0HOHZDWNDQPHPDDINDQ
Ti[lT

 0HUHND GLSDNVD

.RVDNDWD 

UlT /XSD

7HUMHPDKKDGLWVkf 

'DUL ,EQX $EEDV UDGLDOODKXDQKXPD  6HVXQJJXKQ\D


5DVXOXOODK VDZ EHUVDEGD  6HVXQJJXKQ\D $OODK WDDOD
PHPDINDQXPDWNXNDUHQDDNX GLVHEDENDQEHEHUDSDKDO 
.HVDODKDQOXSDGDQVHJDODVHVXDWX\DQJGLSDNVD
+DGLWVKDVDQGLULZD\DWNDQROHK,EQX0DMDKGDQ%DLKDTLGDQODLQQ\D

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk

 $OODK WDDOD PHQJXWDPDNDQ XPDW LQL GHQJDQ


PHQJKLODQJNDQEHUEDJDLNHVXOLWDQGDQPHPDDINDQGRVD
NHVDODKDQGDQOXSD
 6HVXQJJXKQ\D$OODKWDDODWLGDNPHQJKXNXPVHVHRUDQJ
NHFXDOL MLND GLD VHQJDMD EHUEXDW PDNVLDW GDQ KDWLQ\D
WHODK EHUQLDW XQWXN PHODNXNDQ SHQ\LPSDQJDQ GDQ
PHQLQJJDONDQNHZDMLEDQGHQJDQVXNDUHOD
 0DQIDDW DGDQ\D NHZDMLEDQ DGDODK XQWXN PHQJHWDKXL
VLDSD\DQJWDDWGDQVLDSD\DQJPHPEDQJNDQJ
 $GDEHEHUDSDSHUNDUD\DQJWLGDNEHJLWXVDMDGLPDDINDQ
0LVDOQ\DVHVHRUDQJPHOLKDWQDMLVGLEDMXQ\DDNDQWHWDSL

GLD PHQJDEDLNDQ XQWXN PHQJKLODQJNDQQ\D VHJHUD


NHPXGLDQ GLD VKDODW GHQJDQQ\D NDUHQD OXSD PDND
ZDMLE EDJLQ\D PHQJTKDGD VKDODW WHUVHEXW &RQWRK
VHSHUWLLWXEDQ\DNWHUGDSDWGDODPNLWDENLWDEILTK
7HPDWHPDKDGLWV

k 

 7ROHUDQVLKXNXP,VODP  


 0DQXVLDZLGDODPSHQHUDSDQKXNXP 

 k

+DGLWV.HHPSDW3XOXK

       


              

 

         
  
     
 
 
   
>@
Vi{ 2UDQJDVLQJ

Z lL  HQJNDXEHUDGD GL
VRUHKDUL

W  NHGXD SXQGDN NX

.RVDNDWD 

WliWUw 3HQJHPEDUD

Z cWpL  (QJNDXEHUDGD GL


SDJLKDUL

7HUMHPDKKDGLWVkf 

'DUL,EQX8PDUUDGKLDOODKXDQKXPD EHUNDWD5DVXOXOODK
VDZ PHPHJDQJ SXQGDN NHGXD SXQGDN VD\D VHUD\D
EHUVDEGD  -DGLODK HQJNDX GL GXQLD VHDNDQDNDQ RUDQJ

DVLQJ DWDX SHQJHPEDUD  ,EQX 8PDU EHUNDWD  -LND NDPX


EHUDGDGLVRUHKDULMDQJDQWXQJJXSDJLKDULGDQMLNDNDPX
EHUDGD GL SDJL KDUL MDQJDQ WXQJJX VRUH KDUL JXQDNDQODK
NHVHKDWDQPX XQWXN SHUVLDSDQ VDDW  VDNLWPX GDQ
NHKLGXSDQPXXQWXNNHPDWLDQPX 5LZD\DW%XNKRUL 









3HODMDUDQ
%HUVHJHUD
PHQJHUMDNDQ
SHNHUMDDQ
EDLN
GDQ
PHPSHUEDQ\DN NHWDDWDQ WLGDN ODODL GDQ PHQXQGD
QXQGDNDUHQDGLDWLGDNWDKXNDSDQGDWDQJDMDOQ\D
0HQJJXQDNDQ EHUEDJDL NHVHPSDWDQ GDQ PRPHQWXP
VHEHOXPKLODQJQ\DEHUODOX
=XKXG GL GXQLD EHUDUWL WLGDN EHUJDQWXQJ NHSDGDQ\D
KLQJJD PHQJDEDLNDQ LEDGDK NHSDGD $OODK WDDOD XQWXN
NHKLGXSDQDNKLUDW
+DWLKDWL GDQ NKDZDWLU GDUL D]DE $OODK DGDODK VLNDS
VHRUDQJ PXVDILU \DQJ EHUVXQJJXKVXQJJXK GDQ KDWL
KDWLDJDUWLGDNWHUVHVDW
:DVSDGDGDULWHPDQ\DQJEXUXNKLQJJDWLGDNWHUKDODQJ
GDULWXMXDQQ\D
3HNHUMDDQ GXQLD GLWXQWXW XQWXN PHQMDJD MLZD GDQ
PHQGDWDQJNDQ PDQIDDW VHRUDQJ PXVOLP KHQGDNQ\D
PHQJJXQDNDQVHPXDLWXXQWXNWXMXDQDNKLUDW
%HUVXQJJXKVXQJJXK
PHQMDJD
ZDNWX
GDQ
PHPSHUVLDSNDQ GLUL XQWXN NHPDWLDQ GDQ EHUVHJHUD
EHUWDXEDWGDQEHUDPDOVKDOHK
5DVXOXOODK PHPHJDQJ NHGXD SXQGDN $EGXOODK ELQ
8PDU DGDODK DJDU EHOLDX PHPSHUKDWLNDQ DSD \DQJ
DNDQ EHOLDX VDPSDLNDQ 0HQXQMXNNDQ EDKZD VHRUDQJ
SHODMDU KDUXV GLDMDUNDQ WHQWDQJ SHUKDWLDQ JXUXQ\D
NHSDGDQ\D GDQ NHVXQJJXKDQQ\D XQWXN PHQ\DPSDLNDQ
LOPX NHGDODP MLZDQ\D +DO LQL GDSDW PHQ\HEDENDQ
PDVXNQ\DLOPXVHEDJDLPDQDKDOLWXMXJDPHQXQMXNNDQ
NHFLQWDDQ 5DVXOXOODK NHSDGD $EGXOODK ELQ 8PDU
NDUHQD KDO WHUVHEXW SDGD XPXPQ\D GLODNXNDQ ROHK
VHVHRUDQJNHSDGDVLDSD\DQJGLFLQWDLQ\D

7HPDWHPDKDGLWV

k 

 +DNLNDWNHKLGXSDQ  


 2SWLPDOLVDVLVHWLDSNHVHPSDWDQ  

  kk

       


  
           

>     @    

'DUL $EX 0XKDPPDG $EGLOODK ELQ $PU ELQ $VK


UDGKLDOODKXDQKXPDGLD EHUNDWD5DVXOXOODKVDZEHUVDEGD
7LGDN EHULPDQ VDODK VHRUDQJ GLDQWDUD NDOLDQ KLQJJD KDZD
QDIVXQ\D PHQJLNXWL DSD \DQJ DNX EDZD  +DGLWV KDVDQ
VKDKLK GDQ NDPL ULZD\DWNDQ GDUL NLWDE $O +XMMDK GHQJDQ
VDQDG\DQJVKDKLK
+DGLWVLQLWHUJRORQJGKRLI/LKDW4RZDLG:D)DZDLGPLQDO
$UEDLQ $Q1DZDZL\DK NDUDQJDQ 1D]LP 0XKDPPDG
6XOWKDQ KDO  0LV\NDWXO 0DVKDELK WDNKULM 6\HNK $O
$OEDQLKDGLWVQRMX]-DPL$O8OXPZDO+LNDPROHK
,EQ5DMDE

  Hk

+$',76.((03$738/8+'8$

 M       

              


              
         
          
> bcplc\gcUhi[TTi@
.RVDNDWD 

[ wg  HQJNDX EHUGRD

[ `i  HQJNDX PHQJKDUDS

UWL  DNX SHGXOLNDQ

Uw DZDQ \DQJGLPDNVXGDGDODK

PHPRKRQ NHSDGD.X

VTi 6HSHQXK

?[ [? L  HQJNDX PHQGDWDQJL .X

NHSDGD.X
EDQ\DNQ\D

UUsf EHQWXNMDPDNGDULMsf NHVDODKDQ


?[  ?  HQJNDX PHQHPXL .X

7HUMHPDK+DGLWVkf 

'DUL $QDV 5DGKLDOODKXDQKX GLD EHUNDWD 6D\D


PHQGHQJDU 5DVXOXOODK VDZ EHUVDEGD $OODK WDDOD
EHUILUPDQ :DKDL DQDN $GDP VHVXQJJXKQ\D (QJNDX
EHUGRD NHSDGD.X GDQ PHPRKRQ NHSDGD.X PDND DNDQ
DNX DPSXQL HQJNDX $NX WLGDN SHGXOL EHUDSDSXQ
EDQ\DNQ\D GDQ EHVDUQ\D GRVDPX  :DKDL DQDN $GDP
VHDQGDLQ\D GRVDGRVDPX VHEDQ\DN  DZDQ GL ODQJLW
NHPXGLDQ HQJNDX PLQWD DPSXQ NHSDGD.X QLVFD\D DNDQ
$NXDPSXQLHQJNDX:DKDLDQDN$GDPVHVXQJJXKQ\DMLND
HQJNDXGDWDQJNHSDGDNXGHQJDQNHVDODKDQVHSHQXKEXPL
NHPXGLDQHQJNDXPHQHPXLNXGHQJDQWLGDNPHQ\HNXWXNDQ
$NX VHGLNLWSXQ PDND DNDQ $NX WHPXL HQJNDX GHQJDQ
VHSHQXKLWXSXOD DPSXQDQ

5LZD\DW7XUPX]LGDQGLDEHUNDWDKDGLWVQ\DKDVDQVKDKHK 

3HODMDUDQ\DQJWHUGDSDWGDODPKDGLWVk

 %HUGRD GLSHULQWDKNDQ GDQ GLMDQMLNDQ  XQWXN GLNDEXO


NDQ
 0DDI$OODKGDQDPSXQDQQ\DOHELKOXDVGDQOHELKEHVDU
GDUL GRVD VHRUDQJ KDPED MLND GLD PLQWD DPSXQ GDQ
EHUWDXEDW
 %HUEDLNVDQJNDNHSDGD$OODKWDDOD'LDODKVHPDWD<DQJ
0DKD 3HQJDPSXQ EDJL RUDQJ \DQJ EHUWDXEDW GDQ
LVWLJKIDU
 7DXKLGDGDODKSRNRNDPSXQDQGDQVHEDEVDWXVDWXQ\D
XQWXNPHUDLKQ\D
 0HPEXNDSLQWXKDUDSDQEDJLDKOLPDNVLDWXQWXNVHJHUD
EHUWDXEDWGDQPHQ\HVDOEHWDSDSXQEDQ\DNGRVDQ\D
7HPDWHPDKDGLWVk 

 .HPXUDKDQ$OODKWDDOD   


 7LGDNSXWXVDVDXQWXNEHUWDXEDW   


You might also like