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Reference price for CPO product falls 5.02 percent

01

Aug

Reference price for CPO product falls 5.02 percent

"The CPO reference price is currently declining again and is below the US$750 export tax threshold. For this reason, the government has imposed an [...]

Reference price for CPO product falls 5.02 percent. `The CPO reference price is currently declining again and is below the US$750 export tax threshold. For this reason, the government has imposed an export tax (BK) of zero US dollars per metric ton for the August 2016 period,` said Director General for Foreign Trade of the Ministry of Trade Dody Edward in a press release received on Friday.This represents a decrease of US$35.74 compared with the July 2016 period which was US$711.98 per metric ton. The determination is listed in the Regulation of the Minister of Trade (Permendag) Number 50/M-DAG/PER/7/2016 concerning the Determination of the Reference Export Price (HPE) for Agricultural and Forestry Products Subject to Export Tax.The CPO export tax for August 2016 listed in Column 1, attachment, PMK 136 of 2015, is at zero US dollars per metric ton, which is the same as the CPO export tax for the July 2016 period at US$0/metric ton.Meanwhile, the reference price for cocoa beans in August 2016 has increased by US$35 or 1.15 percent from US$3,043.95 per metric ton to US$3,078.95 per metric ton.This has an impact on the determination of the HPE for cocoa beans which has also increased by US$34 or 1.2 percent from US$2,743 per metric ton, so that for the August 2016 period it is US$2,777 per metric ton.The decrease in the reference price and HPE for cocoa beans is due to the decline in the international price of this commodity.However, the cocoa bean export tax has not changed compared with the previous period, which was 10 percent, as listed in column 3 attachment II of PMK 75 of 2012.
Editor: Ruslan Burhani
http://www.antaranews.com/berita/575818/harga-referensi-produk-cpo-turun-502-persen
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PT RNI and PTPN urged to accelerate the realization of 114,000 tonnes of “Raw Sugar” Imports

27

Jul

PT RNI and PTPN urged to accelerate the realization of 114,000 tonnes of “Raw Sugar” Imports

Ministry of Industry had issued recommendation for import of 114,000 ton raw sugar before for five State-owned Enterprises, namely PT Rajawali [...]

PT RNI and PTPN urged to accelerate the realization of 114,000 tonnes of “Raw Sugar” Imports. Ministry of Industry had issued recommendation for import of 114,000 ton raw sugar before for five State-owned Enterprises, namely PT Rajawali Nusantara Indonesia (RNI), PTPN IX, PTPN X, PTPN XI, and PTPN XII.
Panggah said, one of the efforts to decrease the price of granulated sugar that has now reached Rp 16,000 per kilogram (kg) is to increase the supply.
`Yes, the recommendation that we have issued will be realized right away. Not much has been realized yet,` said Panggah when met after coordination meeting at the Office of Coordinating Ministry for Economic Affairs, Jakarta, Tuesday (26/7/2016).
Panggah admitted that it is very difficult to find supply of raw sugar because world production decreased due to climate change La Nina.
Raw sugar supplying countries such as Thailand and Brazil also experienced production decrease.
As a result, the price of raw sugar also experienced increase of around 25-28 percent per ton.
Therefore, Panggah hopes that the State-owned Enterprise that had obtained import recommendation can realize it before September 2016.
`Earlier, the Coordinating Minister expects that the price of granulated sugar can be Rp 12,500 per kg at the end of the year,` concluded Panggah.

Writer
: Estu Suryowati

Editor
: M Fajar Marta

http://bisniskeuangan.kompas.com/read/2016/07/26/160621826/pt.rni.dan.ptpn.diminta.percepat.realisasi.impor.114.000.ton.raw.sugar.

Is This the New Composition of the Working Cabinet, the Result of Round Two of Reshuffle?

27

Jul

Is This the New Composition of the Working Cabinet, the Result of Round Two of Reshuffle?

Based on the results of Kompas's research, there are nine new names that are included into the ranks of the Working Cabinet. Meanwhile, there are [...]

Is This the New Composition of the Working Cabinet, the Result of Round Two of Reshuffle?. Based on the results of Kompas's research, there are nine new names that are included into the ranks of the Working Cabinet. Meanwhile, there are four ministers who have shifted their positions.
 
The following is a complete list of all names who President Jokowi will induct today:
1. Budi Karya Sumadi
Budi has been placed as the Minister of Transportation to replace Ignasius Jonan. Before becoming the Minister of Transportation, Budi was the President Director of Angkasa Pura II.   
2. Archandra Tahar
Archandra Tahar has received the President’s trust Joko Widodo as Minister of Energy and Mineral Resources (ESDM). Archandra replaces Sudirman Said who is no longer part of the cabinet.
Archandra is an alumnus of the Bandung Institute of Technology (ITB) and was one of the proponents of the Offshore Masel Block. He also owns a firm in the United States.
3. Airlangga Hartarto
Airlangga Hartarto has been given the position as Minister of Industry, replacing Saleh Husin. Airlangga is a representation of the Golkar party, which recently stated its support for the government.
4. Prof. Muhajir
Prof. Muhajir is a former Rector of the Muhammadiyah University of Malang. President Jokowi has given Muhajir his trust to hold the position of Minister of National Education, replacing Anies Baswedan.
5. Eko Putro Sanjoyo
Eko Putro Sanjoyo is a politician from the National Awakening Party (PKB). He has replaced his fellow party member, Marwan Jafar, who was removed from the position of Minister of Development of Disadvantaged Regions, Villages, and Transmigration.
6. Asman Abnur
Asman Abnur is a representative of the National Mandate Party (PAN). Before Golkar, PAN had also earlier stated its support for the Jokowi-Jusuf Kalla government. Asman will be inducted as Minister of State Apparatus Empowerment and Bureaucratic Reform, having replaced Yuddy Chrisnandi.
7. Sri Mulyani Indrawati
Sri Mulyani has now returned to Indonesia after working in the international world as the World Bank’s Managing Director. She has now received a mandate from President Joko Widodo as Minister of Finance, replacing Bambang Brodjonegoro.
8. Enggartiasto Lukita
Enggar is a politician from the Nasdem party and also an entrepreneur. He was once the Chair of Real Estate Indonesia (REI). He has now received a mandate from President Jokowi to become the Minister of Trade, replacing Thomas Lembong, who has been moved to the position of Head of the Investment Coordinating Board (BKPM). 
9. Wiranto

Jokowi: New Cabinet Will Be Announced Soon, Public Support Is Very Important

27

Jul

Jokowi: New Cabinet Will Be Announced Soon, Public Support Is Very Important

"The new cabinet will be announced soon. The people's support is very important for the success of the government -Jkw," tweeted Jokowi on [...]

Jokowi: New Cabinet Will Be Announced Soon, Public Support Is Very Important. "The new cabinet will be announced soon. The people's support is very important for the success of the government -Jkw," tweeted Jokowi on his account @jokowi, as quoted on Wednesday (27/7)The president is scheduled to inaugurate several ministers resulting from the reshuffle of batch II today at 13.30. The inauguration will be held in the State Palace, Jakarta.The confirmation was obtained from the invitation of inauguration that circulated this morning. The invitation letter uses the letterhead and stamp of the Minister of the State Secretary of the Republic of Indonesia.Here is the wording of the invitation letter:The Minister of the State Secretary of the Republic of IndonesiaRespectfully invites the presence of Mr./Ms. on the event of:Inauguration of the State Ministers of Working Cabinet for the Remaining Period of 2014-2019by the President of the Republic of Indonesia.On Wednesday, 27 July 2016, at 13.30 WIB located in the State Palace, Jakarta. (dtc)
http://www.medanbisnisdaily.com/news/read/2016/07/27/247908/jokowi-kabinet-baru-segera-diumumkan-dukungan-rakyat-sangat-penting/#.V5gzIBJna1s

RUBBER PRICES JULY 26: Jan 2017 Contract Dips on Weak Crude, Yen Gains

26

Jul

RUBBER PRICES JULY 26: Jan 2017 Contract Dips on Weak Crude, Yen Gains

Rubber price plunged 2.15% or 3.40 points to 154.70 yen/kg at 07:42 Western Indonesia Time (WIB), after opening with a 0.70% decline or 1.10 points [...]

RUBBER PRICES JULY 26: Jan 2017 Contract Dips on Weak Crude, Yen Gains. Rubber price plunged 2.15% or 3.40 points to 154.70 yen/kg at 07:42 Western Indonesia Time (WIB), after opening with a 0.70% decline or 1.10 points at 157.
Sharp decline in rubber price for January 2017 contract in line with the strengthening Japanese yen against the US dollar.
This morning, Japanese yen rate strengthened 0.64% or 0.68 points to 105.13/US$ at 07:48 WIB, after opening with a stagnant movement at 105.81.
On the other hand, the sharp decline in rubber price was also influenced by the plunge in global crude oil price. Crude oil price fell to its lowest level within the last three months after US producers increased their drilling activities.
In yesterday’s trading closure (Tuesday morning WIB), West Texas Intermediate Crude Oil for September delivery contract dropped 2.4% or US$1.06 to US$43.13/barrel, the lowest closure price since April 25.
Meanwhile, Brent Crude for September delivery ended with a drop of 97 cents or 2.1% to US$44.72/barrel in ICE Futures Europe Exchange.
January 2017 Rubber Contract Price Movement on TOCOM

Date

Price (Yen/Kg)

Change

26/7/2016
(7:42 WIB)

154,70

-2.15%

source: Bloomberg

Editor: Gita Arwana Caktihttp://market.bisnis.com/read/20160726/94/569008/harga-karet-26-juli-kontrak-januari-2017-tertekan-ikuti-pelemahan-minyak-yen-menguat

CPO PRICE ON MAY 26: Closing with 1.38% Surge, Driven by Global Oil Prices

26

Jul

CPO PRICE ON MAY 26: Closing with 1.38% Surge, Driven by Global Oil Prices

August 2016 CPO futures, the most active contract on Bursa Malaysia, opened 0.24% or 6 points higher this morning at MYR2,551 per ton and was still [...]

CPO PRICE ON MAY 26: Closing with 1.38% Surge, Driven by Global Oil Prices. August 2016 CPO futures, the most active contract on Bursa Malaysia, opened 0.24% or 6 points higher this morning at MYR2,551 per ton and was still seen moving at the same level at 09:57 WIB.
After moving in the range of MYR2,545-2,595 per ton, the commodity price closed 1.38% higher at MYR2,580 per ton.
In the previous trading of Wednesday (25/5/2016), the CPO price closed with a sharp increase of 1.72% or 43 points to MYR2,545 per ton, after opening with a stagnant movement.
The strengthening of the palm oil price in the beginning of today's trading is in line with the global crude oil price surge since last night approaching the range of US$50 which has also driven the commodity movement.
August 2016 CPO Contract Price Movement

Date

Level

Change

26/5/2016

2,580

+1,38%

25/5/2016

2,545

+1,72%

24/5/2016

2,502

+0,40%

23/5/2016

2,492

-1,42%

20/5/2016

2,528

+0,36%

Source: BloombergEditor : Bunga Citra Arum Nursyifani http://market.bisnis.com/read/20160526/94/551723/harga-cpo-26-mei-ditutup-melonjak-138-terpacu-harga-minyak-global

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