Latest News: Page 38

Tightening Silaturahmi : KPBN Holds Halalbihalal

12

Jul

Tightening Silaturahmi : KPBN Holds Halalbihalal

The event was opened by the Chairman of the Organizing Committee, Hari, who said in his speech: "With this annual event, retirees, predecessors who [...]

Tightening Silaturahmi : KPBN Holds Halalbihalal. The event was opened by the Chairman of the Organizing Committee, Hari, who said in his speech: `With this annual event, retirees, predecessors who have served at the KPBN, business partners, etc., can gather and reconnect.`
During the Halal Bi Halal event, Edo, as the President Director of KPBN, also said, `...in addition to strengthening ties, this event is intended to increase cohesiveness and unite our Vision for Achieving KPBN Transformation. Happy Eid al-Fitr. Please accept my apologies for any mistakes I may have made.` 
There were many interesting events held during the activity, including a lecture from KH Muchtar Khalid, the presentation of souvenirs to retirees who were entering their Leave Period, musical entertainment, and door prizes.In addition to being semi-formal, with flower decorations and the atmosphere of Ramadan songs, there were also typical Indonesian culinary delights served to the guests. The event was closed with a meal and casual get-together.

OCBC NISP disburses Rp 100 billion loan to KPBN

06

Jul

OCBC NISP disburses Rp 100 billion loan to KPBN

The signing was done by OCBC NISP Trade Finance Division Head Gianto Kusno with KPBN Commercial Director Iman Bimantara. "As a bank that has the most [...]

OCBC NISP disburses Rp 100 billion loan to KPBN. The signing was done by OCBC NISP Trade Finance Division Head Gianto Kusno with KPBN Commercial Director Iman Bimantara. `As a bank that has the most complete Trade Finance facilities including export, import, guarantee, and supply chain, Bank OCBC NISP proves its commitment to always providing trade solutions for customers in developing their businesses,` said OCBC NISP Bank Director Martin Widjaja in a release received by Kontan.co.id, Wednesday (6/20).
Furthermore, the company said that in encouraging the business development of KPBN, the company provides a direct loan with a buyer financing limit of IDR 100 billion. The funds will be used to help tea buyers get financing facilities with a longer period so that in the end it can increase the sales volume of tea products.
This cooperation is expected to be the initial step of the business relations between the two companies. In the future, the cooperation is hoped to be not only limited to the buyer financing scheme for tea products, but also for other export-oriented products such as Crude Palm Oil (CPO), rubber, and coffee.
 
source: keuangan.kontan.co.id

Palm Oil Industry Stands to Benefit From U.S.-China Trade War

25

Jun

Palm Oil Industry Stands to Benefit From U.S.-China Trade War

Apindo chairman Hariyadi Sukamdani said that there are several gaps that Indonesian entrepreneurs can capitalize on from the trade war. The gap is [...]

Palm Oil Industry Stands to Benefit From U.S.-China Trade War. Apindo chairman Hariyadi Sukamdani said that there are several gaps that Indonesian entrepreneurs can capitalize on from the trade war. The gap is through the commodity of crude palm oil. This is because at present, China is one of the countries which has a significant need for American vegetable oil. `The trade war will change China's policy regarding the import of American vegetable oil,` he said. They will look for another country which can meet the vegetable oil needs of the Bamboo Curtain Country. China's attempts are reflected by the 500-thousand-ton increase in CPO imports, which was agreed upon when Prime Minister Li Keqiang met with President Jokowi recently. For information, the administration of US President Donald Trump has officially enforced a new high tariff on imported products from China worth US$50 billion, Friday (6/15/2018). In the first part, a 25% tariff was levied on 818 Chinese products worth US$34 billion, starting on July 6.     Link: http://www.industry.co.id/read/36156/industri-sawit-bisa-ambil-keuntungan-dari-perang-dagang-as-china

China-US Trade War and Declining Export Volume Erode Malaysian CPO Prices

25

Jun

China-US Trade War and Declining Export Volume Erode Malaysian CPO Prices

"Today, the price of Malaysia CPO moved in the range of RM2,250-2,265 per ton compared to yesterday's range of RM2,238-2,276 per ton," said [...]

China-US Trade War and Declining Export Volume Erode Malaysian CPO Prices. "Today, the price of Malaysia CPO moved in the range of RM2,250-2,265 per ton compared to yesterday's range of RM2,238-2,276 per ton," said Arie Nurhadi, PT Monex Investindo Futures research analyst, in Jakarta, Friday (22/06/2018).Arie stated that the decline in the price of Malaysia CPO on Thursday was the fourth consecutive daily decline. Meanwhile, the price of RM2,238 per ton is the lowest price since July 2016."The decline was caused by negative sentiment that emerged along with the market's anxiety regarding the trade war between China and the United States (US). In addition, the decline in exports in June 2018 also contributed to the price decline," said Arie.Arie disclosed that the price of CPO for September 2018 delivery contracts on the Malaysia Derivatives Exchange had fallen 0.5% to RM2,251 per ton or the equivalent of US$60.79 per ton during the close of trading on Thursday.According to a release published by Societe Generale de Surveillance (SGS) and AmSpec Agri Malaysia (AmSpec) this week, exports of CPO from Malaysia during 20 days throughout June 2018 have fallen 6.37% and 10.015%, respectively, compared to the same period in May 2018."The data on the volume of CPO exports from Malaysia published by SGS and AmSpec this week have continued to impact the selling price of CPO from Malaysia in various commodity markets in the neighboring country," Arie concluded.
 
Link: http://www.industry.co.id/read/36490/perang-dagang-cina-as-dan-penurunan-volume-ekspor-gerus-harga-cpo-malaysia

Palm Sector Moves, Balel Islands to Establish Palm Oil Factories

25

Jun

Palm Sector Moves, Balel Islands to Establish Palm Oil Factories

"As soon as possible we will build a palm oil processing plant which will be managed by BUMD. We will coordinate with DPRD and related parties [...]

Palm Sector Moves, Balel Islands to Establish Palm Oil Factories. `As soon as possible we will build a palm oil processing plant which will be managed by BUMD. We will coordinate with DPRD and related parties beforehand,` said Bangka Belitung Province Governor Erzaldi Rosman in Pangkalpinang, Friday (22/6/2018)Before building the palm oil processing plant, the Bangka Belitung Cooperatives and UMKM Office must list the number of palm oil cooperatives or palm oil farmer groups in the area.`In addition to listing the number of cooperatives and palm oil farmer groups, we also coordinate with farmers to find out their production capacity, both in the good season and the worst season,` he said.Through the Local Government-Owned Enterprise (BUMD), the Bangka Belitung Provincial Government will build a palm oil processing plant capable of processing 15 to 30 tons of palm oil per hour. That way, palm oil farmers will be protected and prosper.According to Erzaldi, the investment for building the plant is yet to be determined. If the investment is insufficient, they will coordinate with the private sector and banks to provide assistance.
Link: http://www.industry.co.id/read/36628/sektor-sawit-bergerak-kepulauan-balel-segera-dirikan-pabrik-sawit

French Farmers Blockade Oil Depot In Palm Oil Protest

12

Jun

French Farmers Blockade Oil Depot In Palm Oil Protest

The heart of the matter is the French government’s policy to allow Total to use palm oil as an ingredient for producing biofuels at its La Mède [...]

French Farmers Blockade Oil Depot In Palm Oil Protest. The heart of the matter is the French government’s policy to allow Total to use palm oil as an ingredient for producing biofuels at its La Mède oil refinery, not far from Marseille.
The policy has sparked a row with rapeseed farmers, who currently supply the biofuel industry, and environmentalists, who are protesting deforestation in Southeast Asia.
The blockade organizers said farmers would stay put for three days until the government ended the use of palm oil at La Mède. “Our target is the government,” and Total’s decision on palm oil was an “outrage”, said Christiane Lambert, head of France’s FNSEA farmers’ union.
French farmers feel undercut because palm oil is currently cheaper than rapeseed oil. High taxes and tight environmental regulations also make it harder for farmers to compete with palm oil producers.
Total says it uses a maximum of 50 percent palm oil and only from certified sustainable sources.
The company, which has invested €275 million ($321 million) to modify its La Mède refinery to handle palm oil, has pledged to buy more rapeseed from local farmers . The La Mède plant can produce up to 500,000 tons of biofuel per year.
Environmental group Rainforest Rescue says that the La Mède refinery will require 650,000 tons of vegetable oils, including 100,000 tons of used cooking oil, 100,000 tons of other vegetable oils similar to palm oil and 450,000 tons of palm oil. That is more than double the amount of palm oil France currently imports.
The standoff in France is the latest in a series of controversies over the use of palm oil in biofuels in Europe. Earlier this year, the European Parliament voted to phase out the use of palm oil in biodiesel by 2020. The decision still needs to be backed by the European Commission and Council before it can come into effect.
The Indonesian government has been lobbying EU member states to oppose the palm oil ban. Jakarta has threatened retaliation, potentially triggering a trade war between the EU and Indonesia. The government has said it could cancel orders for Airbus planes if the EU goes ahead with the ban.
Source :  Tribunnews.com with the title French Farmers Blockade Oil Depot to Protest Palm Oil, http://www.tribunnews.com/internasional/2018/06/11/petani-perancis-blokade-depot-minyak-buat-memrotes-minyak-sawit.

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