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vrijdag 10 februari 2017

Indonesië: Bulog allocates Rp 37 trillion to buy commodities from farmers

Bulog allocates Rp 37 trillion to buy commodities from farmers

The State Logistics Agency (Bulog) has allocated Rp 37 trillion (US$2.7 billion) from bank loans to buy several commodities, including rice, soybeans, corn and sugar, from local farmers and other countries in an effort to stabilize prices. "As of today, we've got commitments from banks for a total of Rp 37 trillion to buy several commodities," Bulog chairman Djarot Kusumayakti told a press conference on Tuesday (31/1).

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Sri Mulyani Provides Incentives for SMEs

The Directorate General of Customs and Excise has decided to facilitate capital goods and raw material imports for small-medium enterprises (SMEs). The initiative is expected to reduce production costs and at the same time, increase cash flow. The new regulation is also hoped to improve businesses activities in the domestic and international market. "Import and export process will be facilitated by providing simple import procedure, selective physical examination, postponing import restrictions, and simplifying imports through a special app," said Finance Minister Sri Mulyani on Monday, January 30, 2017.

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Europe`s Investments in Indonesia Reach US$13.3 billion

The Investment Coordinating Board (BKPM) notes that Europe's investments in the past five years reached US$13.3 billion or Rp172.9 trillion. The top five European countries investing in Indonesia were the Netherlands, the UK, France, Luxembourg and Germany. "However, the investments were centered around Java Island: roughly 46 percent," the BKPM chairman Thomas Tri Kasih Lembong said in Eurocham Investment Outlook 2017 in Jakarta, Thursday, February 02, 2017. The former trade minister said, in accordance with President Joko Widodo's instruction, the government will push for equitable development in 2017 by channeling investments to other parts of the country.

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