Latest News: Page 117

Vietnamese Embassy in Hanoi to hold business forum

01

Dec

Vietnamese Embassy in Hanoi to hold business forum

Information released by the Indonesian Embassy in Hanoi received in Jakarta, Monday stated that 100 Indonesian companies will promote their products [...]

Vietnamese Embassy in Hanoi to hold business forum. Information released by the Indonesian Embassy in Hanoi received in Jakarta, Monday stated that 100 Indonesian companies will promote their products in the exhibition in ICE Hanoi.Indonesian products exhibited will vary from food and drinks products to automobile and spare part products, engines, oil and coal, home appliances, constructions and consultancy, pharmacy and medical appliances as well as chemicals products.The exhibition of Indonesian products is the first large exhibition held in Hanoi. This exhibition serves as an attempt by the representatives of Indonesia to increase understanding of Indonesian business actors towards the latest development in Vietnam, taking advantage of the existing opportunities as well as expanding the economic presence of Indonesia in the neighboring country.This activity also aims to achieve the targeted trade value between the two countries of 10 billion USD in 2018.Prior year trade value between the two countries reached 5.6 billion USD. In investment sector, currently more than 25 Indonesian companies have started their operation in Vietnam.Meanwhile, Indonesian-Vietnamese Business Forum to be held on 11 December 2015 provides opportunity for the business society of Vietnam and Indonesia to meet and seek business opportunities as well as exploring mutually beneficial cooperation opportunities.The Business Forum will be attended by senior officials from Indonesia and Vietnam, relevant to trade and investment as well as leading business players of Indonesia and Vietnam.This forum is expected to deliver fresh perspective of business players and policy makers in Vietnam and Indonesia towards the latest development of each country, particularly in economic, trade and investment sectors. Approximately, 150 Indonesian entrepreneurs and 250 entrepreneurs from Vietnam are registered to attend the forum.This event will also be utilized by a number of regional governments by bringing entrepreneurs from their region to see the opportunities of economic cooperation with Vietnam.
Editor: Aditia Maruli
http://www.antaranews.com/berita/532452/kbri-hanoi-akan-selenggarakan-forum-bisnis

CPO PRICE November 30: Adjusted at Early Trade after Strengthening Sharply Last Week

30

Nov

CPO PRICE November 30: Adjusted at Early Trade after Strengthening Sharply Last Week

The February 2016 CPO futures contract, the most active contract on Bursa Malaysia, opened 0.64 percent lower at RM2,347 or Rp7.62 million per [...]

CPO PRICE November 30: Adjusted at Early Trade after Strengthening Sharply Last Week. The February 2016 CPO futures contract, the most active contract on Bursa Malaysia, opened 0.64 percent lower at RM2,347 or Rp7.62 million per ton.
However, the CPO price continued to rise after the opening. As of 10:13 WIB, the contract was traded down 0.25 percent to RM2,356 per ton.
The potential demand for biodiesel from Indonesia last week pushed up the CPO price by 3.14 percent or the highest price increase since the 2nd week of October. . 
Sentiments that could influence trading today include Malaysian export data and exchange rate movements.
Intertek projects that Malaysian exports will decline by 10.1 percent from 1.5 million tons in September to 1.34 million tons in October.
The Rupiah and the Ringgit continue to depreciate in the spot market. The Rupiah weakened by 30 points to $13,831 per US dollar at 10:35 WIB, while the Ringgit fell by 0.22 percent to 4.2634 per US dollar.
February 2015 CPO Futures Contract Price Movement

Date
Level
Change

11/30/2015(10:13 WIB)
2,356
-0.25%

11/27/2015
2,362
+0.90%

11/26/2015
2,341
+1.87%

11/25/2015
2,298
+1.01%

11/24/2015
2,275
+0.31%

Source: Bloomberg

President Jokowi’s order; PTPN prepare 10,000 Ha for fruit

30

Nov

President Jokowi’s order; PTPN prepare 10,000 Ha for fruit

President Jokowi in his speech during the 2015 Nusantara Fruits and Flowers Festival (FBBN) opening at the IPB Baranangsiang Campus, Bogor, Saturday [...]

President Jokowi’s order; PTPN prepare 10,000 Ha for fruit. President Jokowi in his speech during the 2015 Nusantara Fruits and Flowers Festival (FBBN) opening at the IPB Baranangsiang Campus, Bogor, Saturday (29/11), said that Indonesia needs a revolutionary movement for domestic fruits to correspond with imported fruits which are flooding the domestic market.`I have ordered the State-Owned Enterprises (SOE) Minister so that PTPN (State Plantation Company), which for years has been planting rubber, palm oil, tea, and coffee, to include fruits in its plantation. I imagine if PTPN allocated 10,000 ha, not much, how many tons of fruits would be produced,` he said.According to the President, an area that large is practically insignificant for PTPN, which has hundreds of thousands to millions of ha under its control.Previously, several PTPNs have read the Nusantara Fruit Pledge with several Regents/Mayors to commit to developing Nusantara fruits on 500,000 ha. `Don’t think that 500 is too little for PTPN, assisted by IPB. I do not want to determine which fruits should be planted, but the ha that have been stated so that it can be implemented professionally,` he said.He also requested that PTPN not only sell their produce in its raw form, but also prepare its industries. For example, the development of oranges must also be accompanied by juice industry.According to him, it is not only cultivation that should be taken care of, but the market and post-harvesting should also be prepared so continuity can be maintained.He gave an example when an area massively developed high-quality papayas, but because its market was unprepared, by the second or third harvest, farmers were no longer enthusiastic to develop the commodity. `This is a problem that must be solved in an integrated manner, some plant, some process into finished or semi-finished goods, and others market,` he said.The President emphasised the need to boost Nusantara fruit production while simultaneously promoting per capita fruit consumption as well as educating the young generation to have a fondness for fruit.`I imagine there will always be fruits on the dinner table of every Indonesian family. This way, we will live healthily while simultaneously making our Nusantara fruit farmers happy,` said the President. (ant)
http://www.medanbisnisdaily.com/news/read/2015/11/30/201445/ptpn-siapkan-10000-ha-untuk-buah/#.VlwROV5na1s

100 Hectares of Oil Palm Plantation in Langkat Destroyed

30

Nov

100 Hectares of Oil Palm Plantation in Langkat Destroyed

A joint team formed by the North Sumatra Provincial Government involving 150 North Sumatra Forestry Police (Polhut) personnel, the TNI, the Polri, [...]

100 Hectares of Oil Palm Plantation in Langkat Destroyed. A joint team formed by the North Sumatra Provincial Government involving 150 North Sumatra Forestry Police (Polhut) personnel, the TNI, the Polri, the BPN, the Public Prosecutor's Office, the Satpol PP and related agencies destroyed levees of Budi's shrimp ponds using two excavators covering almost 40 hectares of land.Meanwhile, the forest recovery team felled oil palm plants using two chainsaws in the UD Sawita plantation (Sutrisno alias A Kam), director, covering 60 hectares of land, and Ayub alias Leo's land in Dusun Tepi, Gandu Lubuk Kertang.Head of the Forest Security Division of the North Sumatra Provincial Forestry Office, A Sibuea, as the Head of the Field Operations Executive, said in Langkat, Sunday (29/11), that the operation was carried out based on an order from the Governor of North Sumatra.`The operation in Lubuk Kertang Brandan Barat Village, Langkat, will start from November 27th until December 1st, 2015. On December 2nd and the following days, the operation will move to another location, but the location is secret. One thing is for sure, it will be in the HP and HL forest areas. This forest recovery operation was carried out because the oil palm plantation and shrimp ponds were located in illegal mangrove HP and HT areas,` A Sibuea said.He explained that more than 650 hectares of HP and HL coastal forests in Lubuk Kertang Brandan Barat had been converted into an oil palm plantation, based on a fraudulent notarial deed.`The rest of the land will soon be returned. The HP and HL areas that have been controlled will soon be rehabilitated, like what the Forestry Office did on the land next to ours today,` Sibuea said.He said that there were already mangrove plants and Forestry Planks in the location. Before the mangroves were planted, the land was an oil palm plantation. Rehabilitation is carried out gradually to restore the growth of marine biota. This operation was led by the Head of the Forest Protection Division of the North Sumatra Forestry Office, Ir. Juliani Siregar MAP, who is also the Head of the Team, he explained.Sibuea admitted that before the forest recovery operation, plantation and shrimp pond business owners were asked to vacate their lands. He also admitted that Sutrisno alias A Kam was once tried in the Medan District Court and sentenced to six months in prison with a suspended sentence, without detention, in 2013. However, A Kam's plantation business continued to operate in the HP and HT areas. `There was no resistance from the encroachers. If they object, we are ready to be sued. There was no violence. Before the recovery process, we had sent them a notification,` Sibuea explained.Information obtained from the North Sumatra Forestry Office said that today (November 30), the North Sumatra Conservation of Natural Resources Center (BBKSAD) of the Ministry of the Environment and Forestry of the Republic of Indonesia carried out a Recovery and Control Operation on the encroachment of the Wildlife Conservation Area (KSDA) that was converted into an oil palm plantation in Tapak Kuda Village and Pematang Sentang Village in Tanjungpura District, Langkat. (misno)
http://www.medanbisnisdaily.com/news/read/2015/11/30/201518/seratus-hektare-tanaman-sawit-di-langkat-dihancurkan/#.VlwPp15na1s

Government Asked to Focus on Agricultural Plantations Section

30

Nov

Government Asked to Focus on Agricultural Plantations Section

Political economy observer Riza Damanik said, extractive sectors obviously absorb large amounts of capital because they try to minimize their [...]

Government Asked to Focus on Agricultural Plantations Section. Political economy observer Riza Damanik said, extractive sectors obviously absorb large amounts of capital because they try to minimize their workforce. As a result, it is difficult to expect extractive industries to increase public welfare.
“This is different from the plantation sector, for instance the tobacco industry (IHT), which was able to absorb up to 6 million direct workers and millions more who worked in related industries,” explained Riza, Sunday (October 29, 2015).
The data shows that all of the value from state-owned companies, which was Rp 1,890 trillion, was only able to pay Rp 160 trillion in taxes (8.5 percent). And the pharmaceutical industry, with value of Rp 307 trillion, only paid Rp 3 trillion in taxes (0.9 percent). Meanwhile, cigarette factories, with an industry value of Rp 248 trillion, paid Rp 131 trillion in taxes (excise tax) (52.7 percent). 
Meanwhile, as revealed in a hearing with the House of Representatives recently, Freeport paid the government Rp 487 trillion in taxes, royalties, and dividends over the last four years. Or just Rp 122 trillion per year.
“That’s the irony. The IHT pays Rp 131 trillion in excise tax, and when combined with other taxes, could reach Rp 200 trillion. Meanwhile Freeport only pays Rp 122 trillion per year. And even then, that doesn’t compare to the environmental damage caused by the mining,” he criticized.
Riza added that the contribution of mining to regional income in the east is small, while the company’s profits are largely taken overseas instead of being reinvested in Indonesia. Meanwhile, the plantation, fishery, and agriculture sectors are sustainable economic sectors that involve millions, and create more even economic growth.
With data showing large contributions to the IHT sector, Riza asserted that the government should not continue to prioritize extractive industries like Freeport. “Freeport only worsens economic disparity, especially in Papua. And Freeport is continuing that,” he added.
He reminded people that the government’s economic orientation must target the lives of many people and be based on sustainable economics, not just five-year interests. Then, every regulatory policy issued by the government, like excise tax policy, must always consider the capacity and support of industry, and should not prioritize short-term interests.
`There also has to be restructuring in the banking sector. Financial mobilization of the banking sector only goes to the extractive sector. This has to change to the plantation, livestock, and MSME sectors because their creditors won’t run off to Singapore,` asserted Riza. (Yudho Winarto/Kontan)
Editor: SanusiSource: Kontanhttp://www.tribunnews.com/bisnis/2015/11/30/pemerintah-diminta-fokus-ke-sektor-perkebunan

Economist Says Deflation Hard to Achieve This November

30

Nov

Economist Says Deflation Hard to Achieve This November

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