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vrijdag 7 april 2017

Indonesië: Demand for Indonesian CCO continues to rise in US, Netherlands

Demand for Indonesian CCO continues to rise in US, Netherlands

The demand for crude coconut oil (CCO) produced in North Sulawesi has continued to increase among buyers from the US and the Netherlands. "The high demand is a good opportunity for the local farmers and exporters to increase the production of CCO to add to the country's income," Darwin Muksin, head of the foreign trade sector of North Sulawesi's Industry and Commerce Department, stated on Wednesday (22/3). According to Muksin, the exports of CCO to the US and the Netherlands are considerably high, reaching thousands of tons. In last February, North Sulawesi had exported nine thousand tons of CCO, which was able to generate foreign exchange worth US$14.39 million.

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Indonesian Offshore Gas Unit to Drill in Makassar Strait by May

Indonesia will finally tap into the vast natural gas reserves located in the Makassar Strait with the development of the country's first floating gas processing unit as drilling is scheduled to begin this May. The vessel, known as the Jangkrik Complex Project, will be deployed to the Jangkrik fields within the Muara Bakau oil and gas block located 70 kilometers east of Balikpapan, East Kalimantan, the Ministry of Energy and Mineral Resources said in a statement. The vessel will begin its 12-day journey to the Makassar Strait on Friday (24/03). Energy Minister Ignatius Jonan has said that the Jangkrik project will begin operations in the Muara Bakau block as soon as May, nearly one year ahead of the central government's initial schedule.

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World Bank: Regulations Hamper Service Sector in Indonesia

World Bank suggested Indonesia remove barriers in the service sector to improve productivity and competitiveness since demands on services in Indonesia are higher than those in other sectors. "However, Indonesia has several strict regulations that hamper service businesses," World Bank acting lead economist Hans Anand Beck said in Jakarta on Wednesday (22/3). Hans explained that such barriers that have caused productivity in the service sector is lower than that in other countries. The barriers also caused low productivity in the manufacturing sector, as both service and manufacturing cannot be separated.

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