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Indonesia Showed Processed Food Products in Taiwan

 

            Ministry of Trade in cooperation with the Indonesian Economic and Trade Office (IETO) in Taipei to attend the Food Taipei 2014 exhibition at the Taipei World Trade Center (TWTC), Taiwan. Director General of National Export Development (PEN) Ministry of Trade, Nus Nuzulia Ishak, disclosed that this participation is one way to increase export opportunities to Taiwan. At the exhibition, the products shown include fresh fruits and vegetables, preserved fruits and vegetables, poultry, seafood, meat and processed meat products, edible oils, dairy products, health food, frozen prepared food, canned food, baked food, biscuits, wine and liquor, coffee and tea, juice and soft drinks, condiments and confectionery, ice cream, ice cream bars, ice snow, and ice cream materials. Through these exhibitions, she hoped Indonesian exports of processed foods can grow 10.5-11.5 percent with a value of U.S. $ 4.9 to 5 million.

Comment :

My opinion about this news is verry good, because with cooperate between indonesia and taiwan can improve the economy in Indonesia.

Sumber: http://www.thepresidentpost.com/2014/06/30/indonesia-showed-processed-food-products-in-taiwan/

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Government Manages To Control Inflation

 

            Coordinating Minister for the Economy, Chairul Tanjung, said the government managed to control the price of basic commodities so that the inflation rate in June 2014 is relatively low at 0.43 percent.According to him, the next time the government continues to carry out the stability of food prices in order to increase the rate of inflation is not high, so that inflation in July 2014 can be maintained below one percent rate. Earlier, the Central Statistics Agency (BPS) recorded inflation in June 2014 is 0.43 percent. Inflation in June is in line with government predictions. Head of BPS, Suryamin, revealed that the largest contributor to inflation in June is of foodstuff by 0.19 percent.

Comment :

I think the steps implemented by Mr. Chairul Tanjung very good, because with controled the price of basic comodities is not benefical for the government  but also for society.

Sumber : http://www.thepresidentpost.com/2014/07/04/government-manages-to-control-inflation/

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Indonesia May Import Rice, Export Minerals in H2

            Indonesian Trade Minister M. Lutfi said he had instructed state food procurement body Bulog to anticipate the possibility of a rice supply shortfall, to cope with domestic consumption, suggesting that the agency had been granted approval to import. Anticipatory measures were also needed to prepare for the seasonal El Nino effect, which is expected in August, according to Lutfi.

            The Central Statistic Agency reported that the forecast of unhusked rice output this year was 69.87 million tons, down 1.98 percent, or 1.41 million tons, from last year, due to smaller farming area and a drop in productivity.

The government has restricted exports of unrefined minerals with punitive export duties and the introduction of stringent measures, such as an obligation for mining companies to commit to value-added programs.

            The resumption of concentrate exports in the second half, coupled with the surge in exports of manufactured products such as cars, may help Indonesia book a trade surplus and achieve the targeted $190 billion in export value this year, Lutfi said.

SUMBER : http://www.thejakartaglobe.com/business/indonesia-may-import-rice-export-minerals-h2/

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Viva aims at foreign investors  for private placement

PT Visi Media Asia (VIVA), the media group belonging to tycoon Aburizal Bakrie, is considering selling 10 percent shares of its subsidiary Intermedia Capital (IMC) in a private placement, in the hope of raising US$105 million to refinance its debts. VIVA was looking for ways to restructure its debt to the Singapore-chapter of Swiss bank Credit Suisse. The shares to be allotted are those of IMC, the operator of free-to-air television station ANTV. VIVA opted to release 10 percent of IMC shares as the subsidiary still had a lot of opportunities in the fund-raising plan, given that VIVA still dominated ownership in the newly-listed company.

 VIVA holds about a 90 percent stake in IMC, while the public owns 10 percent of the shares. By releasing 10 percent of IMC shares, VIVA hoped to pool $105 million to pay off almost half of its remaining debt to Credit Suisse. VIVA entered into a $230 million credit agreement with Credit Suisse in November last year. The proceeds of the loan were used to repay its outstanding loans, boost its liquidity, and for its working capital and capital expenditure (capex).

VIVA had previously planned to pay off some of the debt from the funds raised in IMC’s initial public offering (IPO) in April, but the money generated from the subsidiary’s public debut was far below the holding company’s expectations. VIVA targeted to earn a maximum Rp 1.13 trillion ($109.58 million) from the public offering, of which 10 percent had been allocated to refinance its loans, but it ended up reaping only Rp 541.17 billion.

Due to the unsatisfying IPO result, VIVA must explore other potential avenues to refinance the remaining $220 million debt. Such avenues include issuing bonds and seeking domestic loans for refinancing, besides the private placement. Viva has prepared Rp 900 billion for capex this year, a significant increase compared to Rp 400 billion last year. The capex would be used to finance the company in building new television studios and developing its online streaming platform VIVALL and pay television service VIVA . VIVALL was launched in May and has generated about 600,000 subscribers with 1.3 million screen views from Android and iOS.

SUMBER : http://www.thejakartapost.com/news/2014/07/05/viva-aims-foreign-investors-private-placement.html

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BI prepares Rp 115 trillion  for Idul Fitri

           

            Bank Indonesia (BI) preparing more than Rp 115 trillion (US$9.7 billion) of fresh money to replace battered notes and meet demand for crisp currency used as gifts during Ramadhan and Idul Fitri. The figure represents around a 15 percent increase from the same period last year. The central bank would utilize its 41 offices throughout Indonesia and cooperate with commercial banks and non-bank institutions to distribute the money.

Sumber : http://www.thejakartapost.com/news/2014/07/05/bi-prepares-rp-115-trillion-idul-fitri.html