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In Bangkok, Entrepreneurs and Workers Gather to Discuss Sustainable Palm Oil

09

Nov

In Bangkok, Entrepreneurs and Workers Gather to Discuss Sustainable Palm Oil

All oil palm industry stakeholders from various countries were present in the 14th RSPO in Bangkok. These included businessmen, regional governments, [...]

In Bangkok, Entrepreneurs and Workers Gather to Discuss Sustainable Palm Oil. All oil palm industry stakeholders from various countries were present in the 14th RSPO in Bangkok.
These included businessmen, regional governments, traders, up to oil palm farmers. This year, the RSPO theme was “Learning to Live Together: From Vision to Transformation”.
The theme was chosen to encourage stakeholders to share knowledge and expertise.
In addition, the 14th RSPO also continued to emphasize various social issues in the oil palm plantation sector.
Among these were the issues of employment agreements, gender issues, and worker health and safety.
RSPO CEO Datuk Darrel Webber stated that the RSPO would remain committed to encouraging transformation, so that no one would be left behind in the oil palm plantation sector, including farmers.
Currently, there are over 3 million oil palm farmers throughout the world who contribute 30 percent to the production of global palm oil.
`We have conducted various activities in Indonesia, Malaysia, Thailand, and recently in Colombia and Ghana,` said Webber in Bangkok on Wednesday (9/11/2016).

Author
: Yoga Sukmana

Editor
: Aprillia Ika

http://bisniskeuangan.kompas.com/read/2016/11/09/130000926/bahas.cpo.berkelanjutan.pengusaha.hingga.buruh.kumpul.di.bangkok

Trump Tweets, Dow Futures Plunge 750 Points

09

Nov

Trump Tweets, Dow Futures Plunge 750 Points

The Mexican peso also fell 10 percent against the US dollar, reaching near record lows. Earlier, the S&P 500 e-mini futures contract was down as [...]

Astra Agro Expects CPO Demand to Continue to Grow Next Year

07

Nov

Astra Agro Expects CPO Demand to Continue to Grow Next Year

AALI's Director of Finance Rudy Chen said, currently AALI exports processed products produced from refineries, among others, are olein oil, stearin, [...]

Astra Agro Expects CPO Demand to Continue to Grow Next Year. AALI's Director of Finance Rudy Chen said, currently AALI exports processed products produced from refineries, among others, are olein oil, stearin, and palm fatty acid distillate (PFAD).
`Demand next year is supposed to still be quite strong, because we prioritize food. The population continues to increase in every country. So we just follow developments,` Rudy said in Bogor, West Java, Friday (11/4/2016).
Rudy explained, one AALI refinery in West Sulawesi has a production capacity of 2,000 tons per day. Meanwhile, one refinery in partnership with Kuala Lumpur Kepong Berhad (KLK) in Dumai, provides an additional 1,000 tons per day for AALI.
Thus, Rudy said, the total refinery capacity is currently 3,000 tons per day. AALI's export destinations include China, India, the Philippines, and South Korea.
In the same occasion, Investor Relations Manager at PT Astra International Tbk (ASII) Tira Ardianti conveyed, currently, the most dominant global demand comes from China and India.
`So, if something happens to China, China's economy slows, demand for CPO from Indonesia will certainly fall,` Tira said.
Other than being affected by economic conditions, China's demand is also affected by the variation of choices of competing palm oil products, such as soybean oil. Especially if these competing products are sold at lower prices.
`If the (palm oil) substitution is abundant and cheaper, then people look for the cheaper one. The impact is, prices are also difficult to increase,` Tira concluded.
AALI's third-quarter income fell 7.4 percent compared to the same period last year, even though there was a 5.1 percent increase in CPO price for nine months.
The drop in income was caused by a CPO production that fell 18.5 percent per September (YoY).
However, because there was a currency gain from the appreciation of Rupiah, AALI's net income skyrocketed 689.9 percent to Rp 1.14 trillion per September 2016.

Author
: Estu Suryowati

Editor
: Bambang Priyo Jatmiko

http://bisniskeuangan.kompas.com/read/2016/11/05/085333726/astra.agro.berharap.permintaan.cpo.tetap.tumbuh.tahun.depan

BUM Des in Kobar Prospering Palm Oil Farmers

03

Nov

BUM Des in Kobar Prospering Palm Oil Farmers

It is like Subli, 55, a newcomer from Bojonegoro regency, East Java, who now lives in Amin Jaya village, Pangkalan Banteng sub-district, [...]

BUM Des in Kobar Prospering Palm Oil Farmers. 
It is like Subli, 55, a newcomer from Bojonegoro regency, East Java, who now lives in Amin Jaya village, Pangkalan Banteng sub-district, Kotawaringin Barat regency, Central Kalimantan.
He admitted that there has been much progress in the village since palm oil became its main commodity.
However, the palm oil farmers are out of option when the middlemen set the sale price of the palm oil.
Moreover, many farmers take loans from the middlemen for their capital.
Witnessing the unfavorable condition, on March 1, 2014, all the farmers and the residents of Amin Jaya village agreed to establish a village-owned business entity (BUM Des) named Karya Jaya Abadi.
The Secretary of Karya Jaya Abadi BUM Des, Muchtar, added that the establishment of the BUM Des was aimed for the interests of the village people, particularly for helping with the transportation and sales.
`The BUM Des was developed for the welfare of its members, the farmers. For that reason, we feel that it is necessary to have a legal entity that handles our activity,` he said, Thursday (27/10).
With support from village government funds, the BUM Des also did a contract with the factories around the village.
The farmers can sell the crops from their plantation straight to the factories.
`The payment is made by the BUM Des whenever the farmers want to get paid. As long as there is a voucher issued from the factory, the price will be stable. It is not like the old times when the farmers sold their yields to the middlemen and the price was dictated by them,` he explained.
Currently, when the farmers drop their yields at the factory, they will receive a statement of receipt from the factory.
The term for it is red plus.
It also serves as the payment at the BUM Des.
The bookkeeping for the payment is done using an online app.
`So the bookkeeping for the payment and sales of the farmers' palm oil to the factories is clear. The plantation companies will pay the BUM Des every month or every two weeks,` he added.

Besides establishing the BUM Des, the farmers embrace the unemployed who come to the village.
They are invited to take part in a business for producing paving stones from stone ashes with a capacity of 12 tons. (SS/N-3)
- See more at: http://www.mediaindonesia.com/news/read/75343/bum-des-di-kobar-sejahterakan-petani-sawit/2016-11-03#sthash.jGcW7AvU.dpuf

01

Nov

Oil prices dip amid OPEC deal concerns

OPEC officials endorsed a document outlining their long-term strategy on Monday, in a sign that members are reaching a consensus on output [...]

Oil prices dip amid OPEC deal concerns. OPEC officials endorsed a document outlining their long-term strategy on Monday, in a sign that members are reaching a consensus on output management. However, analysts said the progress made by OPEC so far is minimal, fanning market concerns that the group may fail to implement a planned output cut as countries including Iran and Iraq oppose such a move. Iraqi Oil Minister Jabar Ali al-Luaibi said last week that his country, OPEC's second largest producer, wants to be exempted from any output cut as it needs more money to fight the Islamic State (IS) militant group. OPEC agreed last week to reduce its oil output to 32.5 million barrels per day from the current level of 33.24 million barrels per day to shore up the market. The oil cartel will decide on concrete production levels for each member at its formal meeting in Vienna later this month. The U.S. benchmark, West Texas Intermediate (WTI) crude for December delivery, lost 1.84 U.S. dollars to settle at 46.86 dollars a barrel on the New York Mercantile Exchange. Meanwhile, Brent crude for December delivery, the global benchmark, decreased 1.41 dollars to close at 48.30 dollars a barrel on the London ICE Futures Exchange, Xinhua reported. (UU.A026)

Ministry encourages digitizing of BUMN products' business

01

Nov

Ministry encourages digitizing of BUMN products' business

"As part of the the big family of the Ministry of State Owned Enterprises, Telkom Group is ready to maximize the role of blanja.com in the UMKM [...]

Ministry encourages digitizing of BUMN products' business. `As part of the the big family of the Ministry of State Owned Enterprises, Telkom Group is ready to maximize the role of blanja.com in the UMKM sector,` said Telkom CEO Alex J. Sinaga in a press release in Jakarta on Monday. According to Alex, the synergy between Telkom Group and the state-owned company was carried out in the `BUMN Untuk Negeri` program in Labuan Bajo, East Nusa Tenggara last week, which was attended by Minister of State-Owned Enterprises Rini Soemarno. `The presence of blanja.com as an online display for all UMKM products, fostered by the BUMN, encourages business players to compete on a global level,` said Alex. Therefore, he said that it is necessary for State-Owned Enterprises to synergize to improve the competence and competitiveness of business players, one of which is through the BUMN Creative House. Meanwhile, Minister of State-Owned Enterprises Rini Soemarno added that with the blanja.com website, the Ministry of State-Owned Enterprises hopes that all SOEs can use the same platform to market UMKM products and the products of each BUMN. Minister Rini also witnessed the agreement between State-owned banks such as Bank Mandiri, BRI, BNI, and BTN to strengthen blanja.com in terms of payments. `BUMN banks for the payment sector, PT Pos Indonesia for the logistics sector, and financing from PT Permodalan Nasional Madani (PNM),` Rini said. Meanwhile, the `BUMN Creative House Program` is a form of initiation by the Ministry of State-Owned Enterprises to improve the competence of UMKM business actors through guidance and training. The Ministry of State-Owned Enterprises plans to build 514 BUMN Creative House units in regencies/municipalities. In the BUMN Creative House program, the Telkom Group provides support in the form of digital business training through the blanja.com e-commerce platform. The synergy of BUMNs in digitizing MSMEs through the e-commerce platform blanja.com is a manifestation of the implementation of the vision of Indonesian President Joko Widodo, namely to strengthen the MSME sector as the main driver of the economy to make Indonesia the largest digital economy in ASEAN by 2020.
Editor: Ruslan Burhanihttp://www.antaranews.com/berita/593448/kementerian-dorong-digitalisasi-bisnis-produk-produk-bumn

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