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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

Oil prices continued to drop as supplies abound

26

Jul

Oil prices continued to drop as supplies abound

The US benchmark, West Texas Intermediate (WTI) for September delivery, tumbled $1.06 to $43.13 a barrel on the New York Mercantile Exchange, the [...]

Oil prices continued to drop as supplies abound. The US benchmark, West Texas Intermediate (WTI) for September delivery, tumbled $1.06 to $43.13 a barrel on the New York Mercantile Exchange, the lowest level in three months. In London, North Sea Brent for September delivery hit its lowest level since May, losing 97 cents to settle at $44.72 a barrel on the Intercontinental Exchange. `You are really getting the hangover from last week's EIA inventory report,` said Bob Yawger of Mizuho Securities, referring to weekly figures released by the US Energy Information Administration (EIA). The EIA reported last week that US crude oil stockpiles fell by a less-than-expected 2.3 million barrels, while gasoline supplies surged during the US peak summer driving season. The EIA's weekly report showed that US gasoline inventories jumped by a surprise 911,000 barrels last week, hitting their highest level since April. `Gasoline is just so oversupplied right now, it's hard to make a bullish case as long as that is the case.` Analysts said the strong dollar was also weighing on demand for oil futures, as it makes the commodity more expensive for holders of other currencies.  A rise in the number of active US crude rigs has also fuelled market concerns that the global supply glut will persist.Oilfield services company Baker Hughes said Friday that the number of rigs drilling for oil in the United States rose by 14 to 371 in the week ending July 22, the fourth straight weekly increase.  
Editor: Ade Marboen
http://www.antaranews.com/berita/575025/harga-minyak-terus-menurun-karena-persediaan-berlimpah?utm_source=topnews&utm_medium=home&utm_campaign=news

Sugarcane Waste Utilized, Kediri Islamic Boarding School Sugarcane Factory Start Selling Electricity to PLN

25

Jul

Sugarcane Waste Utilized, Kediri Islamic Boarding School Sugarcane Factory Start Selling Electricity to PLN

Electricity is produced using a Biomass Power Plant (PLTBm) that uses sugarcane waste. "Three days ago, we signed an electricity sales agreement with [...]

Sugarcane Waste Utilized, Kediri Islamic Boarding School Sugarcane Factory Start Selling Electricity to PLN. Electricity is produced using a Biomass Power Plant (PLTBm) that uses sugarcane waste.
`Three days ago, we signed an electricity sales agreement with PLN. This is the first time in Indonesia that a sugar factory has sold electricity,` said the Director of PTPN X Subiyono on Saturday (23/7/2016).
Electricity from the sugar factory will be connected to PLN's electrical interconnection system.
`The connecting infrastructure is being built now. In September, the interconnection to the PLN network will be complete,` he added.
Initially, only 3 megawatts of electricity will be sold to PLN. This volume is more than the total electricity produced which is 9 megawatts.
6 megawatts of it is used for the sugar factory's electrical needs. PTPN XI said that it is preparing to produce electricity from sugarcane waste at several other sugar factories, such as the Ngadiredjo Kediri sugar factory (20 megawatts), the Cukir Jombang sugar factory (10 megawatts), and the Gempolkrep Mojokerto sugar factory (20 megawatts).
Diversifying the sugar factory's business is considered important if the sugar industry in Indonesia wants to continue to grow.
`It is impossible to rely only on income from sugar, because sugar is a commodity whose price is always subject to government intervention,` he said.

Author
: Surabaya Contributor, Achmad Faizal

Editor
: Bambang Priyo Jatmiko

http://bisniskeuangan.kompas.com/read/2016/07/23/114550226/manfaatkan.limbah.tebu.pabrik.gula.pesantren.kediri.mulai.jual.listrik.ke.pln

22

Jul

Sugar prices increase post-Eid al-Fitr

"This is the highest price of sugar, particularly after Idul Fitri holiday. Currently there is no significant supply of sugar to the market, [...]

Sugar prices increase post-Eid al-Fitr. `This is the highest price of sugar, particularly after Idul Fitri holiday. Currently there is no significant supply of sugar to the market, including imported sugar by state logistics company Perum Bulog, so prices are still high,` Chairman of the Indonesian Market Traders Association (IKAPPI), Abdullah Mansuri, stated when contacted by Antara, Thursday. Abdullah Mansuri noted that the price of white sugar currently ranges between Rp16,500 per kilogram at the trader level, while the imports by state logistics company Perum Bulog are deemed insufficient to reduce sugar prices in traditional markets. According to Abdullah, Indonesia has currently entered the grinding season, which means that the supply of sugar for consumers should increase and prices in the market should start to decline. However, even though demand has fallen since D plus 7 of Idul Fitri, the price of granulated sugar has not declined but rather increased. `If farmers' sugar enters the market, coupled with imported sugar from Bulog, the price should be lowered. At the very least, it should be kept at around Rp13,000 per kilogram. This is an indication that Bulog is unable to carry out appropriate dissemination or distribution,` Abdullah stated. According to Abdullah, state logistics company Perum Bulog should increase supply for consumers in the market and lower the price of sugar. Moreover, government supervision regarding the price hike of basic commodities, especially sugar, has been deemed minimal and has failed to resolve the root causes that continue to increase commodity prices. Apart from the price of sugar, Abdullah noted that the prices of several other commodities also remained high, including beef and shallots. With regard to beef, the government's move to import was also deemed less appropriate. `The government has not really looked into consumer preferences, as the imported frozen meat is not liked by consumers. Demand for the dish has also not been very high, similar to buffalo meat. Meanwhile, the price of shallots has jumped to Rp40,000 per kilogram, even though there should be a significant decline after Idul Fitri,` Abdullah noted. Some time ago, the government had assigned state logistics company Bulog to import 100,000 tons of granulated crystal sugar (GKP) to reduce market prices. However, the price of granulated sugar for consumers remains high. Based on data from the Ministry of Trade's Basic Necessities Market Monitoring System (SP2KP) on Thursday, the average price of sugar at the national level was around Rp16,269.59 per kilogram, while on the first day of Idul Fitri, the price stood at Rp16,053.92 per kilogram. Meanwhile, the price of shallots has risen quite high. On the first day of Idul Fitri, the price was around Rp40,607.84 per kilogram, while currently it has reached Rp42,977.72 per kilogram, an increase of 5.83 percent. When compared to the price two weeks before Idul Fitri, the increase has reached 16.11 percent from Rp37,031.15 per kilogram on Wednesday (June 22). As for beef, the price is currently at Rp115,143.77 per kilogram, although the government is targeting a price reduction to reach Rp80,000 per kilogram.
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/574345/harga-gula-pasir-naik-pasca-lebaran

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