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Crude Oil Prices Dive over 4% Post Brexit Decision

27

Jun

Crude Oil Prices Dive over 4% Post Brexit Decision

Britain has voted to leave the European Union, prompting the resignation of Prime Minister David Cameron and dealing the biggest blow to the [...]

Charged 10 Percent, Rubber Entrepreneurs Complain to Jokowi

24

Jun

Charged 10 Percent, Rubber Entrepreneurs Complain to Jokowi

The Presidential Regulation stipulates the imposition of a Value Added Tax (VAT) of 10 percent on agricultural and plantation commodities. The [...]

Charged 10 Percent, Rubber Entrepreneurs Complain to Jokowi. The Presidential Regulation stipulates the imposition of a Value Added Tax (VAT) of 10 percent on agricultural and plantation commodities.
The request was delivered directly when the Gapkindo management met President Jokowi at the State Palace on Friday (24/6/2016).
`We urge that the VAT on plantation and agricultural products be reviewed. Because the 10 percent VAT is very heavy,` said Gapkindo Chairman Munarji Soedargo, after meeting Jokowi.
`We do not dream of being exempt from the VAT. We only request not to be charged VAT on plantation and agricultural products,` he said.
Munarji explained that the Presidential Regulation initially freed agricultural, plantation, livestock, and fishery products to be exported from the 10 percent tax.
However, in 2014, the Supreme Court through Supreme Court Decision Number 70 of 2014, decided to cancel part of the Presidential Regulation.
As a result, agricultural and plantation products that are exported are still subject to a 10 percent tax, while other sectors are not.
Munarji said that the exemption of agricultural and plantation commodities from VAT was not solely for the benefit of rubber businessmen. Rather, for rubber farmers.
`Everything we have said is for the smooth running of the rubber trade, which would benefit everyone, not only for actors like us. But for farmers,` he said.
So, what was Jokowi's response to the request?
Munarji said that the President fully understands the restlessness of stakeholders in the rubber industry.
`The President is very quick, earlier he thought about what the best solution was to help to find a win-win solution. That made us heartened because it was received well,` said Munarji.
The meeting between the Gapkindo management and the President was held at the State Palace. Coordinating Minister for Economic Affairs Darmin Nasution and Minister of State Secretary Pratikno were also present at the meeting.

Author
: Fabian Januarius Kuwado

Editor
: Bayu Galih

http://nasional.kompas.com/read/2016/06/24/13331371/dipajaki.10.persen.pengusaha.karet.curhat.ke.jokowi?utm_source=WP&utm_medium=box&utm_campaign=Kknwp

Referendum Aftermath: UK to Remain in EU, Poll Suggests

24

Jun

Referendum Aftermath: UK to Remain in EU, Poll Suggests

YouGov's poll for Sky News shows 52 percent of respondents favored staying in the EU, while 48 percent of preferred leaving. The U.K. has made its [...]

24

Jun

Promoting Specialty Coffee in Dublin

The Indonesian Embassies in Brussels and London are supporting the Ministry of Industry, the Ministry of Trade, the Ministry of Agriculture, and the [...]

Promoting Specialty Coffee in Dublin. The Indonesian Embassies in Brussels and London are supporting the Ministry of Industry, the Ministry of Trade, the Ministry of Agriculture, and the Indonesian Specialty Coffee Association (AKSI) in inviting European buyers to enjoy special and sustainable coffee from Indonesia at the event.From Indonesia, there are 16 companies or Indonesian coffee exporters including coffee farmer cooperatives and the Indonesian Specialty Coffee Association who will be presenting superior coffee products and holding cupping sessions (coffee tasting) for buyers every day over the three days of the exhibition.The Indonesian Ambassador to the United Kingdom Rizal Sukma said that Europe is the largest market for Indonesian coffee.`Through this collaboration, the two overseas Indonesian representatives, several ministries and the coffee association, it is hoped that there will be stronger and wider promotion of Indonesian coffee so that in the end our exports will also increase,` he said in an embassy press release. `Through coffee, we can also present the diversity of Indonesia,` he added.The embassy press release stated that the majority of countries that are the major consumers of coffee are in Europe, including the Netherlands, Finland, Sweden, Denmark, Germany, Slovakia, Czech Republic, Poland, Slovenia, Belgium, France, Spain, the United Kingdom, Italy and Ireland.  In coffee diplomacy, stakeholders prioritize education and providing updated information to buyers about the cultivation and processing of sustainable coffee, geographical indications, increasing added value, and sustainable trade mechanisms.They also invite European buyers to meet with farmers and visit coffee plantations in Indonesia, as was recently done for buyers from Portugal. In addition to the exhibition in Dublin, Indonesian coffee is also planned to be promoted at the London Coffee Festival and the 2017 World Coffee Expo in Budapest, Hungary.  
Editor: Maryatihttp://www.antaranews.com/berita/569458/indonesia-promosikan-kopi-spesial-di-dublin

Industry Ministry promotes Indonesian specialty coffee in Europe

24

Jun

Industry Ministry promotes Indonesian specialty coffee in Europe

"We will introduce special Indonesian coffee products and diversify Indonesian coffee products to the world, especially to the European Union [...]

Industry Ministry promotes Indonesian specialty coffee in Europe. `We will introduce special Indonesian coffee products and diversify Indonesian coffee products to the world, especially to the European Union community,` said Director of Beverage Industry, Tobacco Products and Refreshments of the Ministry of Industry, Willem Petrus Riwu through a press release in Jakarta, Thursday.The promotional activities are organized by the Ministry of Industry, the Embassy of the Republic of Indonesia (KBRI) in London, KBRI in Brussels, the Indonesian Coffee Exporters Association (GAEKI), the Indonesian Coffee Exporters and Industry Association (AEKI), The Indonesian Speciality Coffee Association (AKSI).The agenda implemented on that occasion included displaying 20 samples of specialty coffee beans from various regions in Indonesia that have passed the cupping test.In addition, presenting and cupping the 20 best green beans in the Indonesian pavilion, showcasing the culture of drinking Aceh's tarik coffee and drinking coffee leaves (Kopi Kahwa) from West Sumatra, as well as displaying the diversification of processed coffee products from 15 coffee processing industries in Indonesia. `This exhibition is a driving force for Indonesian coffee entrepreneurs to introduce products, quality and brand image and obtain various inputs or desires from customers abroad,` said Willem.In 2015, Indonesia was able to export 180 thousand tons of coffee to Europe. The participation in the international event, which was held on June 23-25, 2016, is expected to further boost the export value of Indonesian coffee in the future.Previously, Minister of Industry Saleh Husin said that his party would continue to encourage the development of the coffee industry in the country, from upstream to downstream, in order to increase the added value and competitiveness of Indonesian coffee in the international market. `These efforts are expected to have a positive impact on the value chain, increasing national economic growth, providing jobs, increasing farmers' incomes, and reducing poverty,` he said.Moreover, Saleh said, the opportunities for developing the coffee processing industry in the country are still quite large, along with the high potential for coffee consumption and world coffee demand that continues to rise. `The growth of consumption of processed coffee products in the country is increasing by an average of more than 7 percent per year. This is driven by the growth of the middle class and changes in people's lifestyles,` said the Minister of Industry. Moreover, Indonesia is the largest coffee-producing country with an average production of 685 thousand tons per year or 8.9 percent of world coffee production.
Editor: Tasrief Tarmizihttp://www.antaranews.com/berita/569397/kemenperin-promosi-kopi-spesial-indonesia-ke-eropa

Crude Oil Gets Lift as Cushing Supply Shrinks

24

Jun

Crude Oil Gets Lift as Cushing Supply Shrinks

Investors are betting on a strong vote for Britain to stay in the European Union based on recent Brexit polls, triggering buying in risk assets [...]

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