Latest News: Page 62

20

Dec

South Sumatra Will Grow 5.5%

The Head of the Bank Indonesia for South Sumatra, Hamid Ponco Wibowo, said the factors supporting the economic growth will make the outlook for South [...]

South Sumatra Will Grow 5.5%. The Head of the Bank Indonesia for South Sumatra, Hamid Ponco Wibowo, said the factors supporting the economic growth will make the outlook for South Sumatra better than 2016.
“Next year, there will still be many new projects or continued projects from the government that will make investment grow. In addition, the trend in better commodity prices will continue and can push South Sumatra's export`, he said during the Bank Indonesia annual meeting on Monday (December 19).
Ponco said that the government is ready to play a role in creating investment growth through various infrastructure projects, while government consumption is believed to accelerate.
“The increase in government consumption is in line with the improved acceptance of transfers from the central government after implementation of the tax amnesty”, he said.
Meanwhile, from the side of the improvement in export performance, Ponco is optimistic that the projection is not separated from the factors of increasing trend of plantation and mining commodity prices, which are South Sumatra's mainstays. The mainstays of the region are palm oil, rubber and coal.
From the global aspect, he stated, export recovery will also be supported by the conditions of the global economy that show improvement, one of which is the United States.
However, the central bank still considers that exports will still face a challenge due to the condition of the Chinese economy that is South Sumatra's main export market and is currently still in the process of balancing.
“In the future, the global risk still needs to be watched, especially related to the US fiscal and trade policies, and the balancing process of the economy and remedying of the Chinese financial sector”, he explained.
Ponco added that other factors supporting the economic growth of South Sumatra next year are the processing industry.
According to him, the processing industry sector has the potential to experience growth improvements in line with the plan to operate Southeast Asia's largest paper and paper material processing factory.
“The paper processing factory is planned to be operational in March 2017, complementing the construction of other strategic infrastructure projects in South Sumatra”, he said.
Based on the records of the central bank, the processing industry has contributed quite highly to the economy of South Sumatra, which was seen during the period of Q3/2016.
During that period, the processing industry grew by 7.46% (yoy). Most of the growth in the sector came from the rubber, vegetable oil, non-metallic mineral goods and food and drink processing industries.
SUPPORTED BY NRD
During the same opportunity, Ponco explained that the prospect for South Sumatra's better economic growth is also supported by the abundance of natural resources (NRD) in the province.
According to him, South Sumatra is the largest rubber producing province in Indonesia with a production of 0.95 million tons or 30% of national rubber production.
“Meanwhile 70% of South Sumatra's exports and 63% of portion of household consumption against South Sumatra's PDRB are very dependent on the performance of that commodity”, he said.
He continued the potential for NRD is still added to by South Sumatra's successful experience in becoming the host for national and international scale activities.
“The potential as the place of implementation for MICE continues to be maximized with infrastructure construction especially that supporting the 2018 Asian Games, such as roads, bridges and accommodation facilities”, he stated.

AddThis Sharing Buttons

Editor : Bunga Citra Arum Nursyifani

http://koran.bisnis.com/read/20161220/436/613494/sumsel-bakal-tumbuh-55

CPO PRICE Sept 20: Palm Oil Rallies Again ahead of India Industry Conference's Outlook

20

Dec

CPO PRICE Sept 20: Palm Oil Rallies Again ahead of India Industry Conference's Outlook

CPO futures for December 2016, the most active contract on Bursa Malaysia, sprinted 2.27% or 60 points to 2,702 ringgit per ton at 09:58 WIB. Palm [...]

CPO PRICE Sept 20: Palm Oil Rallies Again ahead of India Industry Conference's Outlook. CPO futures for December 2016, the most active contract on Bursa Malaysia, sprinted 2.27% or 60 points to 2,702 ringgit per ton at 09:58 WIB.
Palm oil movement had previously opened with a 1.44% or 38 point increase to stand at 2,680 ringgit per ton.
On Monday (19/9/2016) trading, palm oil prices skyrocketed 3% or 77 points to reach 2,642.
“Traders expect prospects for an increase from the industry conference in India this week,” said Josephine Goh, Associate Director of Futures and Commodities at RHB Investment Bank, as cited by Bloomberg today, Tuesday (20/9/2016).
On the other hand, the sluggish performance of the Malaysian ringgit has also provided support for the market. The ringgit’s exchange rate was seen to conversely weaken by a modest 0.08% to reach 4.1415 per US dollar at 10:12 WIB.
India’s 11th largest trade exhibition for the food and beverage processing industry, ANUTEC – International Food Tec India, along with the PackEx India, Food Logistics India and Annapoorna World of Food India trade exhibitions will be held on 22-24 September 2016 in Mumbai.
CPO Price Movement for December 2016 Contracts

Date

Level

Change

20/9/2016 (09:58 WIB)

2,702

+2.27%

19/9/2016

2,642

+3.00%

16/9/2016

15/9/2016

2,565

+1.26%

14/9/2016

2,533

-0.67%

Source: Bloomberg, 2016http://market.bisnis.com/read/20160920/94/585355/harga-cpo-20-september-harapan-jelang-konferensi-industri-india-sawit-melesat-lagi

Arabica Coffee Prices Plunge Nearly 5 Percent

20

Dec

Arabica Coffee Prices Plunge Nearly 5 Percent

A Marex Spectron report on Thursday said that weather risks to crops in several countries including Colombia, India and Vietnam appeared to be [...]

Arabica Coffee Prices Plunge Nearly 5 Percent. A Marex Spectron report on Thursday said that weather risks to crops in several countries including Colombia, India and Vietnam appeared to be moderating.

Arabica coffee futures on the ICE Futures exchange in New York ended negative at the close of trading on Friday morning (20/05). The decrease in the price of Arabica coffee was triggered by the projection of a coffee production surplus.
A Marex Spectron report on Thursday said that weather risks to crops in several countries including Colombia, India and Vietnam appeared to be moderating.

Marex Spectron forecast a global coffee surplus of 1 million 60 kg bags in 2016/17, against a deficit of 2.2 million bags in the previous season.

See:Arabica Coffee Prices Drop 2 Percent
Arabica coffee futures for the most active July 2016 contract closed down at 1.2395 dollars, down -6.15 cents or -4.73 percent.
The Vibiz Research Center analyst predicted that the movement of Arabica coffee futures prices on the ICE Futures exchange in New York in the next trading period still has the potential to weaken as coffee production recovers.
Arabica coffee futures prices on the ICE Futures exchange in New York have the potential to test the support level at 1.2100 dollars and 1.1800 dollars. Meanwhile, the resistance level that will be faced if there is an increase is at 1.2700 dollars and 1.3000 dollars. 
Freddy/VMN/VBN/Analyst-Vibiz Research CenterEditor: Asido Situmorang
http://vibizmedia.com/2016/05/20/harga-kopi-arabica-anjlok-hampir-5-persen/

Rupiah Remonetization Expected to Boost Indonesia's Image in the Eyes of the World

20

Dec

Rupiah Remonetization Expected to Boost Indonesia's Image in the Eyes of the World

"Image of our country will also be affected. If people come, do not need to be businessmen, just tourists, if we want to exchange money (surprised) [...]

Rupiah Remonetization Expected to Boost Indonesia's Image in the Eyes of the World. `Image of our country will also be affected. If people come, do not need to be businessmen, just tourists, if we want to exchange money (surprised) 100 US dollars will get Rp. 1.3 million right?` Darmin said while smiling in Jakarta, Monday (19/12/2016).
According to him, redenomination or simplification of value will make rupiah more efficient. Exchange rates with other currencies will not look fantastic even though nominally there is no change.
Besides that, Darmin said, rupiah redenomination will also provide benefits for its users. Including simplifying calculations in each transaction.
However, society must wait for the government's decision. Whether or not to agree with redenomination, Darmin said, must be accepted by all parties.
Previously, the discourse about rupiah redenomination re-emerged after Bank Indonesia Governor Agus Martowardojo asked President Joko Widodo to directly support the Rupiah Redenomination Bill.
Minister of Finance Sri Mulyani has also spoken out about the re-emerging discourse of rupiah redenomination. According to him, redenomination will make the market more trustful towards rupiah.
Jokowi Asks 100 Economists to Help Stabilize Rupiah Exchange Rate

Author
: Yoga Sukmana

Editor
: Aprillia Ika

http://bisniskeuangan.kompas.com/read/2016/12/20/053000626/redenominasi.rupiah.dipercaya.dongkrak.citra.indonesia.di.mata.dunia

National Palm Oil Entrepreneurs Endorse Acceptance of the Draft Law on Palm Oil Plantation

15

Dec

National Palm Oil Entrepreneurs Endorse Acceptance of the Draft Law on Palm Oil Plantation

The Executive Director of Gapki M Fadhil Hasan said that the ratification of the Oil Palm Bill would be one of the solutions to deal with issues in [...]

National Palm Oil Entrepreneurs Endorse Acceptance of the Draft Law on Palm Oil Plantation. The Executive Director of Gapki M Fadhil Hasan said that the ratification of the Oil Palm Bill would be one of the solutions to deal with issues in the national oil palm industry.
Fadhil emphasized that currently the national oil palm industry has many issues because it does not have a strong legal umbrella.
`There is urgency for us to have an Oil Palm Act because we are faced with many issues that cannot be resolved if we do not have a solid legal umbrella,` he said in a discussion on the Oil Palm Bill in Aryaduta Hotel, Jakarta, Wednesday (14/12/2016).
Fadhil stated that one of the issues faced was the drop in oil palm price that caused slow economic growth in areas dependent on the palm oil industry, such as in Sumatra and Kalimantan.
`Malaysia has specifically regulated the oil palm industry because they consider the palm oil industry important,` he said.
Gapki also supports the plan to establish an institution or agency that specifically regulates the oil palm industry because the current agency regulating the oil palm industry is not centralized and scattered everywhere, which is ineffective.
`It is like Malaysia, which has the Malaysia Palm Oil Board (MPOB). This agency has several functions such as providing guidance, creating a conducive investment process, improving governance from upstream to downstream, supporting the certification process, carrying out promotions and diplomacy, and collecting and managing palm oil finances,` he said.
The Vice Chairman of the Legislative Body (Baleg) of the House of Representatives (DPR) Firman Soebagyo said that the Oil Palm Bill is a bill that urgently needs to be enacted.
He ensured that the bill will be one of the solutions to deal with various issues faced by the oil palm industry.
`I will not back down one step in passing this bill. Currently the bill has entered the 2016 National Legislation Program (Prolegnas), but there are revisions and it will enter the 2017 Prolegnas again. God willing, this bill can be ratified into law in 2017,` he ended.

Author
: Pramdia Arhando Julianto

Editor
: M Fajar Marta

http://bisniskeuangan.kompas.com/read/2016/12/14/191210526/pengusaha.kelapa.sawit.nasional.dukung.pengesahan.ruu.perkelapasawitan

After Palm Oil Plantation, Sampoerna Agro Pockets IDR 447 Billion

15

Dec

After Palm Oil Plantation, Sampoerna Agro Pockets IDR 447 Billion

The value is quite significant, amounting to Rp447.246 billion. The shares of the palm oil farm owner were purchased by PT Dhanistha Surya Nusantara [...]

After Palm Oil Plantation, Sampoerna Agro Pockets IDR 447 Billion. The value is quite significant, amounting to Rp447.246 billion.
The shares of the palm oil farm owner were purchased by PT Dhanistha Surya Nusantara (DSN) and PT Surya Nusantara Sawitindo (SNS).
SGRO Director Budi Setiawan Halim said that his party had conducted the closing of the share sale and transfer transaction and all of PLA’s shares along with PT Arkananta Cahaya Indah (ACI) to DSN and SNS on December 13, 2016.
SGRO owns 114,999,950 PLA shares. Sementara itu, ACI only owns 50 shares.
All of SGRO’s PLA shares were purchased by DSN.
Mientras itu, ACI sold 49 shares to DSN.
The remaining one share of ACI’s PLA was then purchased by SNS.
“DSN and SNS, who became the parties purchasing the PLA shares, are not parties with an affiliate relationship with the company,” said Budi in a public disclosure to the Indonesia Stock Exchange (BEI) yesterday (December 14).
In total, the value of the PLA share sales transaction was Rp447.246 billion.
“The board of directors and management of the company have a greater opportunity to focus on development activities and manage a portfolio of assets that are of better quality,” said Budi regarding the reasons for selling PLA.
Thus, Budi explained, in the long run it is hoped this will provide a more optimal investment return.
For the company and its stockholders.
The amount of land planted on PLA is considered by the company to be less than ideal for achieving an economic level.
For this reason, its location is quite far removed from an expanse of land owned by the other companies.
“It will be difficult to reach a level of costs and sources of resources that are efficient for the development and management of PLA assets,” he explained.
Therefore his party is optimistic that there will not be any significant impact to the ongoing operational activities of SGRO from the sale of PLA.
From the financial aspect, the additional funds obtained from the results of the sale of shares were utilized to strengthen the cash flow and working capital.
Based on various sources of information, DNS and SNS are part of the palm oil businesses that were founded by the Wonowidjojo family, the founders of Gudang Garam.
Up to this point, the palm oil sector business has been under the auspices of PT Matahari Kahuripan Indonesia. (gen/c4/noe/jos/jpnn)
http://www.jpnn.com/read/2016/12/15/487446/Lepas-Kebun-Sawit-Sampoerna-Agro-Kantongi-Rp-447-Miliar-

Latest News