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CPO PRICE MAY 23: Drops 1.54% In Early Trade As Ringgit Strengthens

24

May

CPO PRICE MAY 23: Drops 1.54% In Early Trade As Ringgit Strengthens

CPO Price Movement for August 2016 Contract Date Level Change 23/5/2016 (10.24 p.m. [...]

Ministry of Trade holds granulated sugar OP in Manado

23

May

Ministry of Trade holds granulated sugar OP in Manado

"We carry out the granulated sugar OP because the price in the market already started to experience an increase," said the Chief of Staff of the RI [...]

Ministry of Trade holds granulated sugar OP in Manado. `We carry out the granulated sugar OP because the price in the market already started to experience an increase,` said the Chief of Staff of the RI Ministry of Trading Srie Agustina in Manado, on Friday. Srie said that the granulated sugar OP in Manado was carried out in two points, namely Bersehati Market and in Kampung Ternate Manado. `We distribute three tons of granulated sugar in Manado with a much cheaper price compared to that of the market, at Rp12,000 per kilogram,` he said. The granulated sugar price in Manado trading center has currently increased to around Rp15,000 per kilogram. `Such a significant increase leads the granulated sugar OP to be carried out, especially approaching the holy month of Ramadan,` said Srie. It is admitted that approaching Ramadan or other religious holidays, there will certainly be an increase in basic necessity demands, including granulated sugar. Moreover, he said, granulated sugar is widely used to make Eid cake so it must be anticipated from the beginning. He said that we are currently entering the sugarcane harvest period so that it cannot yet be distributed to the community, hence the granulated sugar OP was carried out.The granulated sugar OP is not only carried out in Manado but also in 152 points in Indonesia with a prepared volume of 3,800 tons, and the Ministry of Trading is collaborating with State-owned Enterprise and cooperatives.
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/562118/kemendag-gelar-op-gula-pasir-di-manado

Mitsubishi Adds Passenger Vehicle Dealer in Bandung

23

May

Mitsubishi Adds Passenger Vehicle Dealer in Bandung

To cater to this need, PT Krama Yudha Tiga Berlian Motors (KTB) as the brand holder for Mitsubishi, opened an official passenger car dealership in [...]

Mitsubishi Adds Passenger Vehicle Dealer in Bandung. To cater to this need, PT Krama Yudha Tiga Berlian Motors (KTB) as the brand holder for Mitsubishi, opened an official passenger car dealership in Gardu Jati on May 21, 2016.
The fourth Mitsubishi passenger car dealership in Bandung collaborates with PT Mahligai Puteri Berlian.
The opening ceremony was attended by the President Director of PT KTB Hishashi Ishimaki and the President Commissioner of PT Mahligai Puteri Berlian - Gardu Jati, Dedi Tedja.
`We believe that opening this dealership will contribute positively to the sales volume of Mitsubishi passenger cars now and in the future,` said Hishashi Ishimaki at the Mitsubishi Gardu Jati dealership in Bandung, Saturday (05/21/2016).
With the opening of the official Mitsubishi dealership, PT Mahligai Puteri Berlian - Gardu Jati, the total number of official Mitsubishi dealerships has increased to 248, spread across Indonesia.
The dealership provides a complete line of Mitsubishi passenger cars, including the All New Pajero Sport, Delica, Outlander Sport, Mirage, and All New Triton.
The Mitsubishi PT Mahligai Puteri Berlian - Gardu Jati passenger car dealership is being developed in order to make it easier to reach consumers.
This is in line with the goal of PT KTB to develop a broader marketing distribution network for Mitsubishi products.
`With the presence of the 3S dealership, PT KTB hopes to meet the community's needs for vehicles, after-sales service, and spare parts across Indonesia, especially for consumers in the city of Bandung,` said Hishashi.
Writer: Adiatmaputra Fajar PratamaEditor: Johnson Simanjuntakhttp://www.tribunnews.com/bisnis/2016/05/21/mitsubishi-tambah-diler-kendaraan-penumpang-di-bandung+++++++++++++++

Ahead of Fasting Month, 190,000 Tons of Crystal Sugar Ready for Delivery to All Regions in Indonesia

23

May

Ahead of Fasting Month, 190,000 Tons of Crystal Sugar Ready for Delivery to All Regions in Indonesia

“The PPI network, through distributors, as well as through the distribution of PPI outlets/stores that number 6,000 spread throughout [...]

Ahead of Fasting Month, 190,000 Tons of Crystal Sugar Ready for Delivery to All Regions in Indonesia. “The PPI network, through distributors, as well as through the distribution of PPI outlets/stores that number 6,000 spread throughout Indonesia, has synergy with other SOEs, including Sucofindo, PT RNI, and Bulog,” said President Director of PT Perusahaan Perdagangan Indonesia (Persero), Dayu Padmara, in a statement on Thursday (19/5/2016).
Dayu said that as a stabilizer of refined granulated sugar, PPI hopes that its price benchmarking concept for all of Indonesia can lighten the burden on the purchasing power of the public during fasting and the Eid holiday.
Dayu also mentioned that PPI's refined granulated sugar for Java is sold in the price range of Rp 11,500 to Rp 12,000 and outside Java is between Rp 12,000 and Rp 12,500 per kilogram.
Next, PPI also held a low-cost market operation. PPI is grateful that after holding the low-cost sugar market in several regions, public enthusiasm to buy was so high.
He even said that in some regions, the sugar sold out in just minutes, to the tune of up to 3 tons.
`This enthusiasm shows that the public need for sugar is so great, especially on the eve of fasting. At the very least, what PPI is doing is to help the public lighten the cost of living,” said Dayu.

Author: Willy Widianto

http://www.tribunnews.com/bisnis/2016/05/19/jelang-puasa-190000-ton-gula-kristal-siap-dikirim-ke-seluruh-daerah-di-indonesia

Economist: Oil prices expected to remain $40-$60

20

May

Economist: Oil prices expected to remain $40-$60

"Oil prices in the short and long term may remain at a level of 40 to 60 US dollars per barrel. Why? Because Middle Eastern countries would not be [...]

Economist: Oil prices expected to remain $40-$60. `Oil prices in the short and long term may remain at a level of 40 to 60 US dollars per barrel. Why? Because Middle Eastern countries would not be strong if oil prices continuously remain below 40 US dollars per barrel,` said Chatib in the `2016 Citi Indonesia Market Outlook` event in Jakarta, Thursday night.  He explained that this is the first time Saudi Arabia has had to borrow, because their income from oil has fallen and on the other hand their spending for subsidies is still quite large. `Saudi Arabia has also revoked subsidies and this was done because oil prices are inexpensive, similar to Indonesia last year,` he said. `However, on the other hand,` he said, `if oil prices exceed 60 to approach 70 US dollars per barrel, shale gas could be produced and of course OPEC countries would not want that to happen.  `If shale gas is produced, it will become a competitor of oil, so it is possible in the long term that global oil prices will be in the range of 40 to 60 US dollars per barrel, however in the short term they could increase, for example, if there was news that US reserves were suddenly running low; oil prices could rise briefly but then fall down again.` he said.  Regarding the impact for Indonesia, Chatib stated that the effect was being felt in the `threat balance` of our subsidies. `Because oil prices are also low, subsidies will also be unavailable, which will undoubtedly lower the effect on oil imports. However, on the other hand with low oil prices our exports will also be low; I'm not very worried about the current account issue over the next two years because the current account issue would come from infrastructure, not from oil,` said Chatib.
Editor: Tasrief Tarmizihttp://www.antaranews.com/berita/561980/ekonom-harga-minyak-diperkirakan-tetap-40-60-dolar-as

Fantastic, This One Teapot Is Valued Hundreds of Millions

18

May

Fantastic, This One Teapot Is Valued Hundreds of Millions

VIVA.co.id – Da Hong Pao tea is the most expensive tea in the world. Of course, 1 sip of this tea alone is very valuable and worth thousands [...]

Fantastic, This One Teapot Is Valued Hundreds of Millions. VIVA.co.id  – Da Hong Pao tea is the most expensive tea in the world. Of course, 1 sip of this tea alone is very valuable and worth thousands of dollars. A small teapot of Da Hong Pao tea is worth U$10,000 or around Rp133 million. Compared to gold, this tea is apparently 30 times more expensive. What makes this type of tea so pricey? 
According to a Chinese tea expert, Xiangning Wu, this tea is considered extremely rare because the Da Hong Pao tea leaves are no longer commonly found in the market. This plant is a rare variety that grows in the Wuyi Mountains, in the Fujian Province of China.
Da Hong Pao plants are very rare, that even the locals have a special ritual every spring to pray to God Lu Yu to make new Da Hong Pao buds grow. This plant is indeed invaluable.
Da Hong Pao tea has become the most expensive tea in the world, And indeed, to enjoy just 1 sip of this tea, we have to pay thousands of dollars! A small teapot of Da Hong Pao tea is priced at $10,000 or around Rp133 million. If compared to the price of gold, this tea seems to be 30 times more expensive.  What makes this type of tea so expensive? According to Chinese tea expert Xiangning Wu, this type of tea is said to be very rare since the Da Hong Pao tea leaves are not commonly found anymore. This plant is a rare variety that grows only in the Wuyi Mountains, located in the Fujian Province of China.  Da Hong Pao plants are so rare that some locals even hold a special ritual in the spring to pray to God Lu Yu to make new Da Hong Pao leaf buds emerge. This plant is considered extraordinarily valuable.  Some reports state that when the plant is growing, the tea leaves are wiped using goat milk, and during the harvest, the leaves are roasted to help preserve their taste for up to 80 years.
Aside from its unique and rare taste, this type of tea also has health benefits. This benefit has been believed ever since the Ming Dynasty.  Currently, this type of tea even has tea enthusiasts outside of China. In 1849, a British botanist managed to obtain some of the tea plant’s seeds. However, apparently, the seeds did not grow well.  It is truly unfortunate because if the seeds had managed to grow, many researchers believe this type of tea could become a commodity worth billions of dollars per year.  Da Hong Pao tea has now become a very rare commodity. However, if you are interested in enjoying some of this tea, the Royal China Club in London offers it on their menu for $250 (Rp3.3 million) per teapot that serves four small cups.
Source: Odditycentralhttp://log.viva.co.id/news/read/773794-fantastis-satu-teko-teh-ini-dihargai-ratusan-juta

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