Latest News: Page 57

Coffee Plants, from Economic Value Improvement to Flood Prevention in West Java

28

Dec

Coffee Plants, from Economic Value Improvement to Flood Prevention in West Java

"This can be a trigger for our farmers' well-being. The second, it can be for conservation. We encourage people who usually grow seasonal plants on [...]

Coffee Plants, from Economic Value Improvement to Flood Prevention in West Java. `This can be a trigger for our farmers' well-being. The second, it can be for conservation. We encourage people who usually grow seasonal plants on sloping land to now grow conservation plants. One type of conservation plant is the coffee plant,` said the Governor of West Java (Jabar) Ahmad Heryawan (Aher) when giving coffee seeds bantuan to 130 farmer groups from 11 districts in West Java, on Monday (27/12/2016).
Aher gave out coffee seeds that had been certified beforehand on 22 December 2016 to the Regent or Head of the Plantation Office of the receiving district in Gedung Pakuan, Bandung City.
A total of two million coffee seeds were distributed by the West Java Provincial Government through the Plantation Office at the end of this year. Bandung District received 457,750 seeds, West Bandung 183,500 seeds, Garut 349,900 seeds, Tasikmalaya 112,500 seeds, Ciamis 52,000 seeds, Majalengka 111,250 seeds, Sumedang 428,100 seeds, Subang 12,000 seeds, Cianjur 113,500 seeds, Sukabumi 84,800 seeds, and Bogor District 94,700 seeds.
Aher added that in the future, development must also be carried out on this type of coffee plant. For example, a coffee plant that is combined with bee keeping.
`There's no coffee honey yet, even though we harvest our coffee twice a year. It would be very good if coffee is then combined with bee keeping to produce honey,` Aher said.
Previously, in 2014, the West Java Provincial Government had also given one million coffee seeds to farmer groups in six districts. In 2015, the West Java Provincial Government also gave out two million coffee seeds to 65 farmer groups in 11 districts.
This year, there has also been a 100 percent increase in the number of receiving groups. In 2017, the West Java Provincial Government targeted to distribute five million coffee seeds, so that the total from 2014-2017 would be 10 million coffee seeds.
The coffee distributed this year is a type of superior Arabica coffee with two types of varieties. First, Sigara Lembang coffee seeds can be planted at an altitude of 1,200 meters above sea level (asl). Second, the Lini S795 variety is a type of coffee plant intended to be planted at an altitude of 700 - 1,200 meters asl.
On that occasion, the Head of the Jabat Provincial Plantation Office, Arief Santosa, was also present and explained that activities like this can improve productivity, the quality of the plant yield, and the competitiveness of its products.   Not only planting, but it must also be supported by good cultivation techniques by providing the right production facilities in accordance with the implementation of a good farm management system.
With the addition of 2 million tree seeds, it is estimated that the area of coffee plants in West Java will be 37,265 hectares. Meanwhile, the potential land suitable for coffee plants in West Java can reach 50,000 or a maximum of 200,000 hectares.
To support the achievement of the potential land area, the central government will budget Rp 280 billion for the conservation of the Citarum and Cimanuk river upstream areas.
`The Central Government has a program to conserve the Citarum and Cimanuk areas. As far as I know, there is Rp 280 billion in funds provided by the 2017 State Budget for the conservation of these areas,` Aher said after the event.
Aher also said that the people and government should be able to make good use of the State Budget, `Hopefully, when we want to regreen, re-conserve the upstream Citarum and Cimanuk areas, through conservation. And at the same time there is economic value, namely the coffee plant,` he added.
Coffee plants can provide benefits to conservation areas. Coffee can be planted interspersed with conservation plants, which are usually standing plants.
In addition to being able to increase the economic value of the West Java community, coffee plants can be a way to preserve the forest, improve water absorption, and reduce flooding.

Oil prices rise amid expectations of OPEC production cuts

28

Dec

Oil prices rise amid expectations of OPEC production cuts

Oil prices hovered near their highest since mid-2015, underpinned by a deal between the Organization of the Petroleum Exporting Countries (OPEC) and [...]

Stable economic growth due to investment-consumption factors

28

Dec

Stable economic growth due to investment-consumption factors

"One thing that we cannot deny is that the stable growth is attributed to the biggest contribution from the consumption sector of 53.8 percent and [...]

Stable economic growth due to investment-consumption factors. `One thing that we cannot deny is that the stable growth is attributed to the biggest contribution from the consumption sector of 53.8 percent and investment at 31.6 percent,` said MPR Deputy Chairman Taufik Kurniawan in Jakarta on Tuesday.According to the politician from the National Mandate Party, these two things were the biggest contributors to growth in 2016.However, he continued, at the same time the tightening and reduction in government spending this year will have an impact on the 2017 growth target.He also reminded that looking at the global economic trend, China and the United States are both considered to be in the process of revising their respective economic policies. `China and the US are also experiencing a movement to revise economic policies that at any time can affect the domestic economy, particularly the rupiah exchange rate,` he said.Previously, Bank Mandiri Chief Economist Anton Gunawan judged that the Standard and Poors (S&P) rating agency should already have rewarded Indonesia with an investment grade rating, but it was hampered by internal mechanisms at that New York-based agency. `S&P is always trying to add assessment factors that sometimes appear, such as political problems, that ultimately prevent them from being increased. So the problem is more with S&P,` he said in Jakarta on Thursday (Dec. 22).Another important thing is a guarantee of the security and order of a country.
Editor: Ade Marboen
http://www.antaranews.com/berita/603784/pertumbuhan-ekonomi-stabil-karena-faktor-investasi-konsumsi

23

Dec

2016 Tea Closing Auction

The event was quite lively, since it was a closing auction for the 2016 tea season. The auction room was decorated properly and even featured [...]

U.S. third-quarter economic growth revised up to 3.5%

23

Dec

U.S. third-quarter economic growth revised up to 3.5%

Real gross domestic product (GDP) advanced at an annual rate of 3.5 percent in the third quarter of this year, the fastest quarterly growth since [...]

U.S. third-quarter economic growth revised up to 3.5%. Real gross domestic product (GDP) advanced at an annual rate of 3.5 percent in the third quarter of this year, the fastest quarterly growth since 2014. The growth rate was revised up from the second estimate of 3.2 percent. In the second quarter, the economy grew by 1.4 percent.`In this third estimate for the third quarter, nonresidential fixed investment, personal consumption expenditures (PCE), and state and local government spending were revised up from their previous estimates,` Xinhua reported the Commerce Department as saying.Consumer spending, which accounts for about 70 percent of the U.S. economy, increased 3.0 percent in the third quarter, stronger than the previously reported 2.8 percent increase, but moderated from a 4.3 percent surge in the second quarter.Nonresidential fixed investment rose 1.4 percent in the third quarter, faster than a 1.0 percent increase in the second quarter. It contributed 0.18 percentage point to economic growth in the third quarter.The solid economic expansion, coupled with improvement in labor market and inflation conditions, encouraged the U.S. Federal Reserve to raise interest rates this month after a near one-year pause.Fed officials projected that the U.S. economy will grow 1.9 percent this year and 2.1 percent next year, both up by 0.1 percentage point from their September forecast.With the election of Donald Trump, U.S. economic policies are likely to see significant changes, which could have substantial impact on the U.S. and global economies.Despite the uncertainty over the president-elect's policies, markets now expect tax cuts and increased government spending from the new administration, which could push up inflation and longer-term interest rates in the United States.Fed officials are now seen hiking interest rates three times next year, compared with only twice in 2017 in their September projection.   (A026)
Editor: Unggul Tri Ratomo
http://www.antaranews.com/berita/603071/pertumbuhan-ekonomi-as-kuartal-ketiga-dirivisi-naik-jadi-35-persen

23

Dec

Oil Rises on Strong Economic Data

Gross domestic product (GDP) grew at an annual rate of 3.5 percent in the third quarter of this year, the fastest quarterly growth since 2014, [...]

Oil Rises on Strong Economic Data. Gross domestic product (GDP) grew at an annual rate of 3.5 percent in the third quarter of this year, the fastest quarterly growth since 2014, according to the third estimate released by the Commerce Department on Thursday. The growth pace was revised up from the second estimate of 3.2 percent, and also beat market consensus. In a separate report, the department announced Thursday that new orders for manufactured durable goods in November decreased by 11 billion U.S. dollars or 4.6 percent to 228.2 billion dollars, exceeding market expectations. Analysts said the better-than-expected durable goods orders indicated that some of the oil-related headwinds for manufacturers were starting to wane. The U.S. benchmark West Texas Intermediate (WTI) crude futures for February delivery rose 0.46 dollars to settle at 52.95 dollars a barrel on the New York Mercantile Exchange.  Meanwhile, the global benchmark Brent crude for February delivery increased by 0.59 dollars to close at 55.05 dollars a barrel on the London ICE Futures Exchange, Xinhua reported.  (A026)
Editor: Suryanto
http://www.antaranews.com/berita/603073/harga-minyak-naik-disokong-data-ekonomi

Latest News