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World oil prices jumped over Saudi minister comments

12

Aug

World oil prices jumped over Saudi minister comments

Oil prices jumped sharply after Saudi Arabian Energy Minister Khalid al-Falih said producers could take action to help balance the global oil [...]

World oil prices jumped over Saudi minister comments. Oil prices jumped sharply after Saudi Arabian Energy Minister Khalid al-Falih said producers could take action to help balance the global oil market.The comments pushed prices up by more than four percent in New York. US benchmark West Texas Intermediate (WTI) crude for September delivery added $1.78 to settle at $43.49 a barrel on the New York Mercantile Exchange, after losing more than a dollar the previous day.Brent crude for October delivery meanwhile gained $1.99 to close at $46.04 a barrel on Londons ICE Futures Exchange. Khalid said members of the Organization of the Petroleum Exporting Countries (OPEC) and non-members will discuss the market situation, including possible action needed to stabilize prices, at an informal meeting September 26-28 in Algeria.Earlier this week, OPEC said in a statement that the members of the group are `in discussions regarding ways and means to help restore stability and order to the oil market.` `The economies of major oil consuming countries are expected to improve which would in turn increase the demand for oil in the coming quarters... oil prices are likely to improve in the latter part of 2016,` Mohammed bin Saleh Al-Sada, Qatars minister of energy and industry and current president of the group, said in the statement. (A026)

Government is still finalizing moratorium on palm oil plantation permit

10

Aug

Government is still finalizing moratorium on palm oil plantation permit

Coordinating Minister for Economic Affairs Darmin Nasution in Jakarta on Tuesday, said the five-year moratorium on oil palm plantation permits is [...]

Government is still finalizing moratorium on palm oil plantation permit. Coordinating Minister for Economic Affairs Darmin Nasution in Jakarta on Tuesday, said the five-year moratorium on oil palm plantation permits is quite complex, because it has a major impact on the community and companies. `What factors should be considered if this moratorium is carried out? How to enforce the law and the homework that must be done,` said Darmin while chairing the continuation of a coordination meeting on the moratorium on oil palm plantation permits. According to him, this plan is still in the finalization process, by considering various suggestions and considerations, before being presented at a cabinet meeting and stipulated as a Presidential Instruction.Minister of Environment and Forestry Siti Nurbaya Bakar said the discussion process on the moratorium on oil palm plantation permits has entered into determining several categories of delays. She ensured this moratorium is aimed at controlling the permit process so that there is no expansion of opening new oil palm plantations, encouraging the rejuvenation of plants, and increasing productivity and downstream development.  Thus, the entrepreneurs must change their mindset from extensification of increasing production through efforts to expand plantation areas, to the intensification of the use of existing land for downstream. Siti, however, stressed one of the cores of this moratorium is to accommodate the needs of small communities that make a living from this horticultural sector to protect them from being marginalized. `The status of the people who earn income from palm oil must be protected, she said. Overall, the moratorium on oil palm plantation permits has the spirit of not giving new permits for the release of forests and peatlands to become oil palm plantations. In addition, this policy is also to provide legal certainty for oil palm plantations, including peoples oil palm plantations that happen to be located in government forest areas.  The government also wants to increase the productivity of oil palm plantations, promote the development of downstream industries, and improve the standards of Indonesian Sustainable Palm Oil (ISPO).
Editor: B Kunto Wibisono
http://www.antaranews.com/berita/577750/pemerintah-masih-finalisasi-moratorium-izin-perkebunan-sawit

Palm oil plantation moratorium, Ministry of Industry encourages productivity

10

Aug

Palm oil plantation moratorium, Ministry of Industry encourages productivity

"There will be a moratorium for oil palm lands, the Industry Ministry will encourage productivity of existing lands to increase production," said [...]

Palm oil plantation moratorium, Ministry of Industry encourages productivity. `There will be a moratorium for oil palm lands, the Industry Ministry will encourage productivity of existing lands to increase production,` said Industry Minister Airlangga Hartarto in Jakarta, Tuesday.Furthermore, Airlangga continued, the Industry Ministry will also encourage added value of the product, for example Crude Palm Oil (CPO) to its derivative products. `So, we are increasing production by increasing productivity from plantation to downstream. We even encourage green products. So, of course its derivative products are also environmentally friendly,` Airlangga said.It is known that President Joko Widodo said that the government will temporarily stop or have a moratorium for oil palm land concession in several provinces. President Jokowi explained that oil palm plants take too long to produce because farmers have not used good seedlings and because of the delay in replanting the trees.
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/577713/moratorium-lahan-sawit-kemenperin-dorong-produktivitas

PT RNI and PTPN Asked to Accelerate the Importation of 114,000 Tons of Raw Sugar

09

Aug

PT RNI and PTPN Asked to Accelerate the Importation of 114,000 Tons of Raw Sugar

Impor raw sugar atau gula mentah sebanyak 114.000 ton sebelumnya telah dikeluarkan Kemenperin untuk lima BUMN yakni, PT Rajawali Nusantara Indonesia [...]

PT RNI and PTPN Asked to Accelerate the Importation of 114,000 Tons of Raw Sugar. Impor raw sugar atau gula mentah sebanyak 114.000 ton sebelumnya telah dikeluarkan Kemenperin untuk lima BUMN yakni, PT Rajawali Nusantara Indonesia (RNI), PTPN IX, PTPN X, PTPN XI, dan PTPN XII.
Panggah mengatakan, salah satu upaya untuk menurunkan harga gula pasir yang saat ini menembus Rp 16.000 per kilogram (kg) adalah dengan menambah pasokan.
`Ya rekomendasi yang sudah kita keluarkan itu, segera direalisasikan. Ini belum banyak yang terealisasi,` kata Panggah ditemui usai rapat koordinasi di Kantor Kementerian Koordinator Bidang Perekonomian, Jakarta, Selasa (26/7/2016).
Memang diakui Panggah, saat ini sangat susah untuk mencari pasokan raw sugar dikarenakan produksi dunia menurun akibat perubahan iklim La Nina.
Negara-negara pemasok raw sugar seperti Thailand dan Brazil pun mengalami penurunan produksi.
Akibatnya, harga raw sugar juga mengalami peningkatan sekitar 25-28 persen per tonnya.
Karena itu Panggah berharap agar BUMN yang sudah mengantongi rekomendasi impor bisa merealisasikannya sebelum September 2016.
`Tadi kan pak Menko berharap agar harga gula pasir ini bisa Rp 12.500 per kg di akhir tahun,` pungkas Panggah.
Sumber:http://bisniskeuangan.kompas.com/read/2016/07/26/160621826/pt.rni.dan.ptpn.diminta.percepat.realisasi.impor.114.000.ton.raw

Pelindo I and PTPN V Send Riau Students to North Kalimantan

05

Aug

Pelindo I and PTPN V Send Riau Students to North Kalimantan

M. Hamied, HR and General Director of Pelindo I said that the program is named Siswa Mengenal Nusantara (Students Get to Know the Archipelago). To [...]

Pelindo I and PTPN V Send Riau Students to North Kalimantan. M. Hamied, HR and General Director of Pelindo I said that the program is named Siswa Mengenal Nusantara (Students Get to Know the Archipelago). To send those students, Pelindo disbursed Rp4 billion in CSR funds. `Pelindo and PTP N V provides life insurance of Rp1 billion to the students. This year, Pelindo I disbursed 4% of the total profit of last year, which reached Rp715 billion,` he said, Friday (08/05/2016). This CSR program is a program for education, culture, and entrepreneurship. These students are able to understand how vast the archipelago is. Meanwhile Riau Provincial Education Bureau Head, Khamsol, supported the program facilitated by the two State-Owned Enterprises. He appreciated the program of those companies because they are developing child education. `We appreciate it. Because the state-owned companies are watching out for the education of children who are the hope of the nation,` he said. Khamsol also expects other companies in Riau to keep watching out for the education of children in the province. Those selected students are from schools from Pekanbaru and other regions. The students who were selected are those who are achievers and active in school. The students leave on Friday (08/05/2016). The students will seek knowledge and experience in North Kalimantan for a week.
 
Editor : Rustam Agus

http://manajemen.bisnis.com/read/20160805/240/572501/pelindo-i-ptpn-v-kirim-mahasiswa-riau-ke-kalimantan-utara

Indonesia's Islamic finance industry surges

05

Aug

Indonesia's Islamic finance industry surges

"Unlike other countries, the Islamic finance industry in Indonesia grows because of community initiatives who developed unique Sharia-based financial [...]

Indonesia's Islamic finance industry surges. `Unlike other countries, the Islamic finance industry in Indonesia grows because of community initiatives who developed unique Sharia-based financial features such as rural Islamic banks, retails Islamic bonds, Hajj funds, and other innovative social financing,` he said. Although the number of Islamic economy experts only reached 131 in Indonesia, which is lower than Malaysia's 205, the number of Islamic financial institutions has reached 150. This number exceeds Malaysia's 100 Sharia financial institutions, Mustafa said. He added that Bangladesh, which has 174 Islamic economic experts, only has 50 Sharia financial institutions.  According to him, there is a strong correlation between the number of Islamic economic experts and the completeness of Islamic financial regulations in a country. In this regard, the completeness of Indonesia's Sharia economic regulations is considered strong, ranking second after Malaysia in first place. Mustafa continued that Indonesia's abundant natural resources and strategic geographical location provide numerous opportunities for economic development, especially in the Sharia financial industry. Sharia-based business sectors are continuously growing throughout the world, one of which is the halal food industry. Thomson Reuters ranks Indonesia as the world's largest halal food market with a value of Rp2,063 trillion in 2014, followed by Turkey with a value of Rp1,432 trillion.`Now, with the government's drafting and implementation of Sharia economic regulations, the Islamic finance industry is expected to grow as a strong and sustainable sector without losing the unique Sharia values of its products and services,` Mustafa said.
Editor: Unggul Tri Ratomo

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