BI Has No Plans Requiring the Conversion of Export Foreign Exchange Results into Rupiah

BI Has No Plans Requiring the Conversion of Export Foreign Exchange Results into Rupiah

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...
Support From Government, Rubber Industry Must Improve Its Quality

Support From Government, Rubber Industry Must Improve Its Quality

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%...
If the Rubber and Palm Oil Mill are Closed, It will give Impacts on the Economy of Bengkulu Province

If the Rubber and Palm Oil Mill are Closed, It will give Impacts on the Economy of Bengkulu Province

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...
Restrictions on Palm Oil, Rubber and Timber Activities Continue During the Controlling Period of Community Activities

Restrictions on Palm Oil, Rubber and Timber Activities Continue During the Controlling Period of Community Activities

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...
Rubber Farmers in South Sumatera Asked Mental Strength to Face Corona’s Economic Impact

Rubber Farmers in South Sumatera Asked Mental Strength to Face Corona’s Economic Impact

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...
World Demand for Natural Rubber and CPO Will Go Up because of the COVID-19 Pandemic

World Demand for Natural Rubber and CPO Will Go Up because of the COVID-19 Pandemic

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...
Rubber Prices in South Sumatera Declined, Production Drops 35%

Rubber Prices in South Sumatera Declined, Production Drops 35%

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...
European Bank Interested in Rubber Replanting Investment in Indonesia

European Bank Interested in Rubber Replanting Investment in Indonesia

The Chairman of the Indonesian Rubber Council (Dekarindo) Aziz Pane revealed, there are banks from Europe who are interested in financing replanting or rejuvenation on rubber plantations so that replanting is expected to be done immediately to encourage the domestic rubber industry. Because, in Indonesia the ratio of latex production in 1 hectare (ha) only gets 1 ton of latex, whereas in Vietnam and Thailand in 1 hectare it is...
30% of Rubber Plantations Must Be Replanted

30% of Rubber Plantations Must Be Replanted

The Indonesian Rubber Council (Dekarindo) states that around 600,000-900,000 hectares or 20-30% of the total rubber plantations in Indonesia must be replanted because they are already old. At present, Indonesia's total rubber plantations reach 3 million ha. Replanting is needed to maintain national natural rubber production above 3 million tons annually. Dekarindo Chairman Aziz Pane said, the rejuvenation of the rubber plant had been initiated by the government in 2017...