Month: April 2020

Car sales have plummeted since the coronavirus outbreak struck. Automotive industry players are preparing to reduce production. PT Honda Prospect Motor (HPM) Sales Director, Yusak Billy, said that the company continues to adjust production levels by following market demand. Yusak could not yet mention the planned production decline of HPM. He said HPM management was still monitoring conditions that could change at any time. According to Yusak, HPM also prepared...

Bank Indonesia (BI) reiterated that it would not control foreign exchange flows, especially to foreign investors. According to BI Governor Perry Warjiyo, the central bank is currently only managing foreign exchange for the Indonesian population. This is also in line with the Regulatory Substitute Law (Perppu) No. 1 of 2020. Even so, Perry also stressed that until now the central bank had no plans to require exporters to convert dollars...

Government support for the use of domestic downstream rubber industry products has been relatively good. Now the industry must continue to improve its quality to compete. Adiwidjaja Masman, Director of PT Kemenangan, stated this to Media Perkebunan.id. PT Kemenangan is a rubber processing company specializing in marine products. Founded in 1954, starting from a supplier of goods to the Ministry of Transportation then developed into manufacturing rubber products. Currently, 70%...

Increased unemployment is a threat to the economy of Bengkulu Province. This will happen if the oil palm and rubber factories close down as a result of the spread of the new coronavirus or Covid-19, as stated by an economic observer from Bengkulu University, Prof. Kamaludin. It is known, as of April 1, PT Batanghari Bengkulu Pratama (BBP) located in Taba Terukung Village, Karang Tinggi District, Central Bengkulu, has issued...

The Malaysian Ministry of Plantation Industry and Commodities has outlined five operations that will continue as usual during the implementation of the order to control community activities. In a statement today, the ministry said the five operations were harvesting oil palm by plantation companies and smallholders, processing fresh fruit bunches in palm oil mills, processing crude palm oil (CPO) in refineries. For the supply of local cooking oil, (4) rubber...

The South Sumatera Plantation Office appealed to rubber farmers to be mentally prepared to survive amid falling prices due to the economic impact of the Covid-19 pandemic. This was said by the Head of Processing and Marketing of Products (P2HP) of the South Sumatera Plantation Office, Rudi Arpian, Tuesday (3/31/2020). Rubber farmers are urged to survive in this challenging situation, while the government is preparing direct assistance both through the...

Amid the Covid-19 outbreak, global rubber and CPO demand are expected to increase. Chairman of the Sumatran Plantation Company Cooperation Agency (BKS-PPS) Soedjai Kartasasmita said several factors caused the increase in rubber and CPO requests. This happens because many hospitals require rubber gloves. Besides, other rubber-based production industries require these leads. According to Soedjai, in terms of supply, the amount of rubber available was significantly reduced as a result of...

The price of rubber with dry rubber content (KKK) 100% in South Sumatera dropped to Rp13,892 per kilogram (Kg) on Monday (30/3). Rubber factory production was reduced by 35% and is predicted to get worse in March to April due to the Covid-19 pandemic. Head of Plantation Product Processing and Marketing (P2HP) Department of Plantation of South Sumatra Rudi Arpian said the price of rubber at the beginning of this...