TECHNOLOGY

Indonesia Ensures Agenda to Keep Running

noreply@blogger.com (fadli_jabir) — Fri, 29 Apr 2022 21:01:00 -0700

The first high-level meeting of the G20 under Indonesia's chairmanship will take place in Washington, the United States.

Russia's presence at the finance ministers and central bank governors' forum will trigger a heated debate. Indonesia tries to ensure that all agenda items remain the subject of discussion. Russian Finance Minister Anton Siluanov and Bank of Russia Governor Elvira Nabiullina will attend a virtual meeting of G20 finance ministers and central bank governors (FMCBG). A number of Russian technical officials will reportedly follow the FMCBG live in Washington. The Russian delegation will also attend the World Bank Spring Meetings which will begin in Washington. The G20 FMCBG is always held in conjunction with the World Bank Spring Meetings. Prior to last week's meeting, the Indonesian Minister of Finance Sri Mulyani and BI Governor Perry Warjiyo had attended 50 bilateral meetings with their counterparts at the G20. A number of officials from the Ministry of Finance and Bank Indonesia confirmed that the April 12 meeting was marked by criticism of Russia. A similar phenomenon is expected to repeat itself at the FMCBG in Washington. "The G20 meeting will be an event that symbolizes the division of the international community after the Russian attack," NLI Research Institute economist Tsuyoshi Ueno told Kyodonews. In fact, the debate on FMCBG will still be heated even if Russia is not present. Ministry of Finance and central bank officials will debate how to control soaring inflation and soaring commodity prices. Exporting and importing countries will have very different views on this issue.

Influencer Service Business Grows Fast

noreply@blogger.com (fadli_jabir) — Wed, 27 Apr 2022 21:58:00 -0700

For the two founders and Co-Chief Executive Officers of Famous Allstars (FAS), Alex Wijaya and Syamsul Arief Rakmadani,

everyone has the potential to become content creators and influencers in the digital world. Therefore, as an agency company, FAS provides the Allstars.id website and application platform. Here, influencers and content creators can meet with businesses to collaborate on marketing projects. As a platform similar to a marketplace, anyone can join Allstars.id. Influencers with the number of followers under 1,000 accounts can "sell themselves". Companies or brands that join also don't have to be big corporations. In fact, said Arief, many micro, small and medium enterprises (MSMEs) use Allstars.id to seek influencers who want to promote their products. A number of influencers and digital entities joined FAS, including Reza Arap, Bayu Skak, Agung Hapsah, Natasha Wilona, KokikuTV, and the Indonesian Funny Council. FAS collaborated with Rans Entertainment to establish the digital media Bund Lifetainment at the end of 2021. According to Alex, brands or companies seeking the services of registered influencers can immediately see the data and analysis of the performance of each influencer. This is what sets us apart from other agencies. In other agencies, brands come up with proposals, and agencies select influencers to work on marketing projects. At Allstars.id, brands can choose the influencers they want to work with. We make sure the influencers who join are real humans, not robots.

Big Cuan Issuer Media

noreply@blogger.com (fadli_jabir) — Mon, 25 Apr 2022 21:16:00 -0700

Based on Nielsen's research, the average audience share in August 2021 for all broadcast time slots reached 44.8% controlled by PT Media Nusantara Citra Tbk (MNCN)

and 27.6% controlled by PT Surya Citra Media Tbk (SCMA). The two issuers represent the top two. In addition to its viewer dominance, MNCN has strengthened its position as the market leader in advertising spending on free-to-air (FTA) channels. Nielsen also noted that the market share of FTA advertising spending in 2021 controlled by MNCN reached 48.5%, an increase compared to 2020 when the company only controlled a share of 38%. Under the brand name MNC Media, MNCN reported a net profit attributable to the parent company of IDR 2.34 trillion, an increase of 34.37% on an annual basis from IDR 1.74 trillion. Meanwhile, MNCN's total operating income reached Rp9.62 trillion or 20.93% higher than 2020's revenue of Rp7.95 trillion. Equally, the issuer of Media Group Emtek SCMA also recorded revenue growth throughout 2021. In its financial performance report, SCMA earned revenues of Rp. 5.93 trillion in 2021, an increase of 16.25% compared to 2020 revenues of Rp. 5.1 trillion. Advertising revenue was recorded to contribute Rp6.44 trillion, while other revenues amounted to Rp736.49 billion. CGS-CIMB Sekuritas Indonesia analyst Willy Suwanto said media issuers such as SCMA and MNCN will face the challenges of digitalizing TV which will start running this year. Although the impact on these two issuers is minimal, CGS-CIMB has assigned an overweight rating for the media sector.

Palm Oil Moratorium: If Effective, Continue

noreply@blogger.com (fadli_jabir) — Sat, 23 Apr 2022 21:06:00 -0700

The government through the Ministry of Environment and Forestry (KLHK) is still evaluating the moratorium on the issuance of oil palm plantation permits.

The moratorium policy on the issuance of palm oil plantation permits is contained in Presidential Instruction (Inpres) Number 8 of 2018 concerning Suspension and Evaluation of Oil Palm Plantation Permits. The objective of the moratorium is to improve the governance of forest resources and increase the productivity of sustainable oil palm plantations. The regulation is valid until September 2021. "Regarding the moratorium, if it is effective, we will continue it," said Deputy Minister of Environment and Forestry, Alue Dohong. According to him, the area of oil palm is now fairly large so that what is most needed is to increase its productivity. This is also in line with government policies which emphasize intensification rather than extensification. "So it is actually relevant that the moratorium should be continued in order to achieve a net sink by 2030," said Alue Dohong. It should be noted that the net sink is the absorption of forest emissions that is more than the emissions released. Indonesia has made a road map so that the target is achieved by 2030. "That target must be pursued and continued," said Alue Dohong.

Black campaign has the potential to suppress the competitiveness of Indonesian palm oil and forest products

noreply@blogger.com (fadli_jabir) — Thu, 21 Apr 2022 21:01:00 -0700

The Executive Director of the Palm Oil Agribusiness Strategic Policy Institute (PASPI), Tungkot Sipayung,

explained that the black campaign against natural commodities such as palm oil and forestry products in Indonesia had been going on since the 1980s, when plantations and forestry began to develop. “Currently, oil palm and forestry are being attacked by black campaigns for using exaggerated and exaggerated issues. These various issues must be watched out for because they can suppress Indonesia's power in the international market," said Tungkot. As explained by Tungkot, the black campaign's pressure on the competitiveness of superior commodities is aimed at aspects of consumer tastes/demands and the cost of production. "It must be remembered that the people's taste factor and the basic cost of production are at the heart of competitiveness. The black campaign is trying to hit through these two factors," he explained. According to him, black campaign patterns and issues try to influence people's behavior so that they no longer use natural commodities which are one of their wealth. In Indonesia, this campaign targets consumer countries such as Europe, China, and India. To change consumer tastes for palm oil, for example, said Tungkot, a palm oil free campaign was launched in a number of food products. Tungkot asked the government and other actors The industry is aware of the long-term effects of this NGO black campaign because the impact of the campaign has been seen from the use of the 'No Palm Oil' label in the country to efforts to put pressure on national and international certification bodies.

Successfully Raising US$65 Million Series D Funding, HappyFresh Explains Its Ambition

noreply@blogger.com (fadli_jabir) — Tue, 19 Apr 2022 21:59:00 -0700

Online home shopping service platform HappyFresh said the US$65 million series D funding will be used by the company to improve business operations.

The funding was led by Naver Financial Corporation and Gafina B.V., followed by STIC, LB, and Mirae Asset Indonesia and Singapore. Other participating investors are Mirae Asset-Naver Asia Growth Fund and Z Venture Capital. HappyFresh CEO Guillem Segarra said the new funding exceeded the initial target due to significant demand from new and existing investors. "We want to continue to focus our efforts on providing services by enhancing our operating model together with the partners we already have with supermarket retailers across the region," he said. quality control to improve customer experience further. HappyFresh Indonesia Managing Director Filippo Candrini explained that the company is currently also planning to expand the reach of HappyFresh's service area in Indonesia by collaborating with more supermarkets, both national and local.

From Vaccination to Oxygen Distribution, Sinar Mas Raises Assistance to Deal with the Pandemic

noreply@blogger.com (fadli_jabir) — Sun, 17 Apr 2022 21:55:00 -0700

The Covid-19 pandemic has almost a year and a half paralyzing people's mobility.

Almost all companies are under pressure, and many have even gone out of business. Likewise, people who are squeezed economically during the pandemic. Even in the midst of difficult conditions, a number of corporations have worked hand in hand to assist the government in raising aid to ease the burden on the community. One of the major conglomerates in Indonesia, Sinar Mas, has also invited various parties to distribute assistance in handling the pandemic. The assistance provided starts from providing products needed by the community, supporting vaccination programs to distributing oxygen which is a vital need for Covid-19 patients. Recently, for example, Sinar Mas through the non-profit organization Eka Tjipta Foundation (ETF) in collaboration with Kanisius College alumni held a mass vaccination on 5-18 July 2021. It is planned that the Canisius Vaccination will be held again in the first week of August 2021. Deputy Chairperson of the ETF Hong Tjhin said the Canisius Vaccination is one of the efforts to expand the reach of vaccinations to the public outside Sinar Mas' internal scope. In addition to adults, this vaccination is also intended for students over the age of 12.

Telecommunication Operators Arrears of Usage Rights Fees, Observer: The Government Must Be Firm

noreply@blogger.com (fadli_jabir) — Fri, 15 Apr 2022 21:33:00 -0700

The Minister of Communication and Information (Menkominfo) of the Republic of Indonesia, Johnny G. Plate, continues to show consistency and firm attitude in implementing the rules.

Recently, this attitude was shown by the sending of a second warning letter from the Ministry of Communication and Information of the Republic of Indonesia to PT. Sampoerna Telekomunikasi Indonesia (STI). It is known that this warning letter was given for the arrears of the bill of Rights to Use (BHP) of the Radio Frequency Spectrum for the License of the 450 MHz Radio Frequency Band which has been used by PT STI. Kominfo has sent a warning letter to STI to pay Rp 442 billion consisting of arrears on the Radio Frequency Spectrum BHP bill and fines. In the letter, it is said that if STI does not make payments until July 31, 2021, then Kominfo threatens the operational use of the radio frequency spectrum that they have been using will be temporarily suspended on August 1, 2021. The Minister of Communication and Informatics' firm stance received a positive assessment from a public policy observer, Alamsyah Saragih . The man, who is the Ombudsman Commissioner for the 2016-2021 period, assessed that if there are 'bad' operators who do not want to pay arrears of frequency BHP, the government can immediately revoke their telecommunications operating license.

A glimmer of hope for property issuers from the explosion in commodity prices

noreply@blogger.com (fadli_jabir) — Wed, 13 Apr 2022 21:28:00 -0700

Improved sales do not necessarily boost the rate of property shares that are listed on the Indonesia Stock Exchange (IDX).

Which issuers can investors still consider collecting? Based on data from the Indonesia Stock Exchange (IDX), the property and real estate index was corrected by 15.95 percent. The record was the worst compared to other stock sectors. The property and real estate index also lags far behind the Composite Stock Price Index (JCI) which rose 1.49 percent year to date (ytd). The technology sector index became the motor of movement, rising 873.28 percent. Through research published through Bloomberg, MNC Sekuritas analyst Muhamad Rudy Setiawan reviews some of the latest news from the property sector. Rudy noted that property issuers were able to record strong pre-sales income or marketing sales in the first quarter of 2021. PT Ciputra Development Tbk. (CTRA) posted growth of 67 percent year on year (yoy), followed by PT Bumi Serpong Damai Tbk. (BSDE) 40 percent yoy, PT Summarecon Agung Tbk. (SMRA) 50 percent yoy, and PT Pakuwon Jati Tbk. (PWON) 17 percent yoy. "Sales of the lower-middle segment are one of the triggers for marketing sales growth, continuing the trend in the third quarter of 2020 and the fourth quarter of 2020 which also experienced a positive trend," he explained.

Debt Issuance: Financing Companies Welcome Signals of Recovery

noreply@blogger.com (fadli_jabir) — Mon, 11 Apr 2022 21:19:00 -0700

Issuance of debt securities by financial institutions in the non-bank financial industry sector has the potential to increase.

The company will be busy releasing debt securities in the second quarter of 2021 and the third quarter of 2021. Pefindo's Financial Services Rating Division (Fi Ratings) analyst Danan Dito said that the financing sector in general will move in a positive direction in line with the opportunities for post-pandemic economic recovery. "5 months running, the trend of issuing debt securities in the financing and multi-finance industry is already visible and is indeed higher than 2020. These are signs of recovery," Dito explained that in January-May 2020 the financing industry only issued Rp. 1.19 trillion, now as of January-May 2021 has reached IDR 6.92 trillion. Likewise with multi-finance, in the period January-May 2020 issuing IDR4.04 trillion, now as of January-May 2021 it has reached IDR6.59 trillion. For your information, the financing industry includes state-owned companies in the field of microfinance, unsecured, pawnshops, or investment financing. Meanwhile, multi-finance companies are dominated by non-state-owned companies engaged in consumer financing and automotive financing. Dito revealed that the high number of debt securities issuance from the financing sector was driven by the refinancing of maturing debt securities, as well as the trend of cost of funds to issue cheaper bonds considering interest rates were still low.

Minister Johnny: Implementation of 5G Strengthens National Economic Growth

noreply@blogger.com (fadli_jabir) — Sat, 9 Apr 2022 21:52:00 -0700

The implementation of 5G telecommunications technology is a step to realize more equitable telecommunications access and strengthen national economic growth.

The Minister of Communications and Information, Johnny G. Plate, stated that the implementation of 5G telecommunications technology also bridges the digital divide, increasing people's ability and literacy to use technology more adaptively. "Of course it will also encourage more productive use of the internet and strengthen national economic growth," he said at the press conference on the results of the Indosat Ooredoo 5G Feasibility Test which took place virtually from the Media Center Kominfo, Jakarta, Monday (14/06/2021). Minister Johnny stated that Indonesia had entered the 5G era some time ago, “We have both witnessed the commercialization carried out by PT. telkomsel. Today, Indosat has also succeeded in becoming the next telecommunications operator to receive a Certificate of Operation Eligibility or SKLO for the commercialization of 5G services," he said.

Problematic subsidized housing

noreply@blogger.com (fadli_jabir) — Fri, 8 Apr 2022 21:51:00 -0700

Director General of Public Works and Housing Infrastructure Financing,

Ministry of PUPR Eko D Heripoerwanto in a webinar discussion organized by the Public Housing Journalists Forum, stated that his party identified a number of problems in the subsidized housing program, both in terms of location and building quality. There are still many subsidized housing locations that do not refer to spatial and regional layouts, and the quality of housing does not meet functional standards. He gave an example, there is a subsidized housing project in Papua which is located in an ex-flood location whose handling has not been completed. This condition causes the fate of consumers to be in limbo because they cannot occupy houses that have been paid in installments through subsidized housing loans (KPR). There is also subsidized housing where the facilities and infrastructure are not yet complete, the electricity network is not yet available, and there is no public transportation. As a result, houses cannot be lived in. In addition, there are also cases where a number of subsidized houses have not been occupied for more than 1 year, rented out, and transferred before 5 years. This indicates that the subsidized housing program has not yet been targeted. To improve supervision, the government implements a digital-based information system application. The Main Director of the Center for the Management of Housing Financing Funds (PPDPP) of the PUPR Ministry, Arief Sabaruddin, added that low-income people have not fully become the subject of housing development and tend to be objects. The targeting of subsidized housing still needs to be improved. "It's right on target not only in terms of its designation, but also the quality of subsidized housing that must meet the eligibility standards," said Arief.

Weakening Again, This is the Price List for Fresh Fruit Bunches and CPO in Riau in the Next Week

noreply@blogger.com (fadli_jabir) — Thu, 7 Apr 2022 21:47:00 -0700

The Plantation Office of Riau Province stated that the selling price of Fresh Fruit Bunches (FFB) for oil palm in Riau Province for the next week has decreased again.

Head of Processing and Marketing of the Plantation Office of Riau Province, Defris Hatmaja, said that the price of FFB for palm oil decreased almost evenly in every age group. "The biggest decline occurred in the 10-20 year age group of IDR 69.91 per kilogram or reaching 2.88 percent from last week's price," he said. 361.59 per kilogram. He added that the decline in the price of palm oil FFB was influenced by the decline in CPO prices on the Malaysia Exchange which weakened by 11.29 percent point-to-point, so that the price of Riau's leading commodity is now back below MYR4,000 per tonne. Previously, the price of CPO had reached its peak on May 18, 2021, where it almost reached MYR 4,500 per tonne. This is the highest record in history. From the condition of prices that shot up to penetrate record highs, according to him, market participants would want to make a profit.

BPDPKS Infrastructure Support for Oil Palm Planters

noreply@blogger.com (fadli_jabir) — Wed, 6 Apr 2022 21:41:00 -0700

the Indonesian government through financial support from BPDPKS continues to support the welfare of oil palm farmers.

Not only through the implementation of the People's Palm Oil Rejuvenation (PSR) program, this support is also provided in the form of channeling funds for facilities and infrastructure. Related to this, the Director of Processing and Marketing of Plantation Products, Dedi Junaedi said, throughout 2021, it is targeted that 171 packages of facilities and infrastructure will be provided to oil palm planters. Details of the target for facilities and infrastructure assistance in 2021, namely Aceh 10 packages consisting of 3 intensification, 6 roads, 1 ISPO; North Sumatra 7 packages namely 3 intensification, 3 roads, 1 ISPO; Riau 10 packages consisting of 4 intensification, 4 roads, 1 ISPO; Sumatera Barata 9 packages, namely 4 intensification, 4 roads, 1 ISPO; Jambi 15 packages, 14 intensification/roads and 1 ISPO; South Sumatra 6 packages in the form of 3 intensification, 2 roads, 1 ISPO; Bengkulu 11 packages, namely 5 intensification, 5 roads, 1 ISPO; and Banten 2 road packages. Furthermore, in West Kalimantan there are 15 packages, namely 4 extensification, 3 intensification, 7 roads, 1 ISPO; Central Kalimantan 14 packages in the form of 6 intensification, 7 roads, 1 ISPO; South Kalimantan 4 packages which are divided into 2 intensification, 2 ISPO; East Kalimantan 2 packages, namely 1 intensification and 1 road; West Sulawesi 4 packages, 1 extensification, 1 intensification, 1 road, 1 ISPO; South Sulawesi 2 intensification packages, Central Sulawesi 5 packages namely 3 intensification and 2 roads; West Papua 1 intensification package.

In order for the relationship between workers and oil palm entrepreneurs to be harmonious, this is a suggestion from the Minister of Manpower

noreply@blogger.com (fadli_jabir) — Tue, 5 Apr 2022 21:33:00 -0700

Minister of Manpower Ida Fauziyah said the palm oil industry has an important role in absorbing workers.

According to him, the absorption of labor will continue to increase along with the increase in production in the palm oil industry sector. "The palm oil industry is a labor-intensive industry that absorbs a lot of labor," said Ida in a written statement, reviewing data from the Ministry of Agriculture in 2019 which stated that the number of farmers involved in oil palm was 2,673,810 farmers and the number of workers in oil palm plantations. as many as 4,425,647 workers. This number consists of 4.0 million or 90.68% workers in large national private oil palm plantations, 321 thousand or 7.26% workers in large state oil palm plantations, and 91 thousand or 2.07% workers in foreign private large oil palm plantations. Therefore, said Ida, the large number of workers in this industry needs to get the attention of the Indonesian Palm Oil Entrepreneurs Association (GAPKI) so that industrial relations are well maintained. In an effort to create conducive industrial relations in the oil palm plantation sector, Ida stated that various efforts need to be made by GAPKI. First, increasing understanding of the rights and obligations of workers and employers in employment relations, such as through socialization and workshops.

A number of regions begin to be on alert for forest and land fires

noreply@blogger.com (fadli_jabir) — Mon, 4 Apr 2022 21:29:00 -0700

Entering the dry season, a number of areas have begun to be wary of forest and land fires (karhutla).

As in Riau Province, the local Regional Disaster Management Agency (BPBD) asked regional heads in the region to immediately form a task force for preventing and handling forest and land fires. Although today there are no hotspots, only hot spots. However, district and city governments need to increase their preparedness to prevent karhuda in Riau, said the Head of BPBD Riau, M Edy Afrizal, in Pekanbaru, yesterday. The formation of the task force is still based on the Riau Governor's Circular (SE) which will be issued soon, following the dry season in Riau. Although the SE is still in the process, continued Edy, the district and city governments can immediately form a task force down to the village level. Hotspots were indeed monitored, but after checking, no land fires were found at the hotspots, he added. Edy said his party together with the Riau Karhutla Prevention Task Force continue to work to prevent land fires in the area. Among other things, by re-activating air patrols to monitor early occurrence of karhuda.

Expand the Best Internet Network, Smartfren Aims at 9 Areas in Bali

noreply@blogger.com (fadli_jabir) — Sun, 3 Apr 2022 21:24:00 -0700

The need for a large internet network in Bali makes the Smartfren provider provide the best service for its customers.

Deputy CEO of Smartfren Djoko Tata Ibrahim said, Smartfren GOKIL MAX provides the maximum internet experience, for the young generation of Indonesia and all Balinese people. "Anyone can easily use an internet connection, to break boundaries to create and realize their dreams," said Djoko in Denpasar. Namely in Buleleng, Karangasem, Bangli, Jembrana, Badung, Gianyar, Klungkung, Denpasar City, and Tabanan in Bali Province. "GOKIL MAX packages can be obtained in the form of data vouchers, starter packs, or data packages available on the MySmartfren application," said the Smartfen official.

Become the Main Role of the Agricultural Sector, 70 Percent of Indonesian Palm Products Circulate in the Global Scene

noreply@blogger.com (fadli_jabir) — Sat, 2 Apr 2022 21:43:00 -0700

As many as 70 percent of Indonesian palm products have been circulating in the global market.

This makes palm oil one of the main figures from the agricultural sector in Indonesia's economic activity. Director General of Plantation Processing and Marketing of the Ministry of Agriculture Dedi Junaedi said the agricultural sector was still growing during the pandemic, one of which was thanks to palm oil. "Earlier in 2020, the Indonesian economy contracted by 2.07 percent. In the midst of the economic contraction, the agricultural sector could still grow positively by 1.75 percent, with palm oil being one of the main contributors," said Dedi in a virtual discussion. Indonesian Sustainable Palm Oil (ISPO) Towards International Recognition, In the same year, the export performance of palm oil increased by 13.6 percent. This achievement is expected to trigger the motivation of oil palm plantation managers. "In the last few months, palm oil producers have enjoyed the highest prices in the last decade. Hopefully this will be a motivation for oil palm plantation managers to improve their management," added Dedi. Dedi assessed that the performance of palm oil was good enough so that its competitiveness must be maintained and improved. The management of sustainable oil palm plantations must continue to be improved, one of which is through strengthening ISPO certification regulations.

SehatQ First Startup Involved in Covid-19 Vaccination in All Lines

noreply@blogger.com (fadli_jabir) — Fri, 1 Apr 2022 21:38:00 -0700

SehatQ is the first and only health tech startup that plays an active role and is fully involved in the preparation,

implementation, and monitoring of Covid-19 vaccinations on all fronts, both through vaccination centers to help accelerate the government's free vaccinations and the Gotong Royong Vaccine program for companies. “We have organized vaccinations through vaccination centers for the elderly, MSME players, public workers, and teachers. SehatQ is also a partner of various companies in the Mutual Cooperation Vaccine program which was also reviewed directly by President Joko Widodo at the opening, "said the Founder of SehatQ, Linda Wijaya based on a written statement received by Tagar, For vaccination centers, SehatQ contributed to the implementation of the Covid-19 vaccination which in collaboration with the Banten Provincial Government, South Tangerang City Government, and Tangerang District Health Office, respectively in the QBig shopping center, Teras Kota, BSD City, and BSD Al-Azhar school. Meanwhile, through the Mutual Cooperation Vaccine program, SehatQ has been present to serve thousands of workers at Sinar Mas Agribusiness and Food factories in Marunda, Bekasi Regency and PT Indah Kiat Pulp & Paper, Tbk Tangerang Mill under the auspices of Asia Pulp & Paper (APP) Sinar Mas. In fact, SehatQ has taken part through technical support in the registration of vaccine participants, medical support through the presence of health workers from the SehatQ Clinic and partner health facilities as vaccinators as well as monitoring the condition of participants after vaccination, as well as support in the form of complete facilities and infrastructure.

Mobile Internet Users Are Increasingly Skyrocketing

noreply@blogger.com (fadli_jabir) — Thu, 31 Mar 2022 21:31:00 -0700

PT Smartfren Tbk noted that Internet data usage grew by more than 20 percent every quarter, since last year.

Smartfren's Chief Executive Officer, Djoko Tata Ibrahim, targets an increase in data usage by attracting more new customers. Until the end of 2020 Smartfren subscribers reached 30 million. "Now we will add 40 million subscribers," he said yesterday. Smartfren will target new customers in residential areas. Djoko said the growth of users in housing is very significant compared to users in office areas. The number is also much higher than overseas users, whose numbers have decreased dramatically in the midst of the pandemic. One of Smartfren's strategies to attract customers in residential areas is to launch Gokil Max, which offers local quotas double the national quota plus a bonus quota which is active at 01.00-05.00 WIB. The available package options start from 9 GB plus a 30 GB bonus for Rp. 30 thousand to a 36 GB package plus a 70 GB bonus for Rp. 70 thousand. "This product is issued in accordance with current consumer needs, namely large quotas, affordable prices, for needs when more at home," he said. From the network side, Smartfren is preparing to launch 5G technology. This company won the auction for the 2.3 GHz frequency and received an empty block with a bandwidth of 10 MHz, with a bid value of Rp. 176.5 billion per block.

Issuer-in-law Syahrini to distribute dividends, this is the amount

noreply@blogger.com (fadli_jabir) — Wed, 30 Mar 2022 21:26:00 -0700

PT Plaza Indonesia Realty Tbk (PLIN), led by Rosano Barack, will distribute dividends to its shareholders worth Rp 304.07 billion.

Each shareholder will receive Rp 86/share of cash dividends for the 2020 financial year. This dividend distribution is carried out even though the company has pocketed losses last year. This dividend is taken from the company's retained earnings. Based on the information disclosure released by the company on the Indonesia Stock Exchange (IDX), the dividend distribution was decided at the Annual General Meeting of Shareholders (RUSPT). Based on the company's financial statements ending on December 31, the company has a total retained earnings of Rp 10.65 trillion. The value of 284 billion is retained earnings that have been determined for use and Rp. 9.34 trillion which has not been determined. Throughout last year, the company recorded a net loss attributable to the parent entity, aka a net loss of Rp. 575.18 billion from 2019, which still recorded a net profit of Rp. 532.69 billion. PLIN's revenue fell 37.24% last year to Rp 927.50 billion from the previous Rp 1.48 trillion. In fact, the company was able to reduce expenses, especially the financial burden which was drastically reduced from Rp 117.65 billion to Rp 4.88 billion. However, this loss pressure was also due to the adjustment of the fair value of investment properties which reached minus Rp 1.02 trillion from the previous positive Rp 87.95 billion. The investment property appraisal was carried out by KJPP Rengganis, Hamid & Partners, an independent appraiser registered with the OJK.

Bank Sinarmas (BSIM) Holds AGMS June 29, This is the Agenda to be Discussed

noreply@blogger.com (fadli_jabir) — Tue, 29 Mar 2022 21:21:00 -0700

PT Bank Sinarmas Tbk. (BSIM) will hold an Annual General Meeting of Shareholders (AGMS) at the end of the first semester of this year.

Based on the disclosure of information to the Indonesia Stock Exchange (IDX), the company will hold an AGMS with 6 agendas. The first agenda is the approval of the annual report of the board of directors for the financial year ending on December 31. Second, ratification of the annual calculation (balance sheet and calculation of loss/profit) for the financial year ending on December 31 and granting waiver of responsibilities to members of the board of directors and board of commissioners for the management and supervision that have been carried out for the financial year ending on December 31. For information, Bank Sinarmas posted a net profit of Rp. 118.52 billion at the end of 2020. Third, the meeting will discuss the use of profit for the 2020 financial year. However, the company has not clearly stated that it will use it for dividend distribution or retained earnings. Fourth, the appointment of a public accounting firm to conduct an audit (audit) of the books in 2021. Then, the fifth is the determination of the salaries of the members of the board of directors and the honorarium of the board of commissioners and the sharia supervisory board in 2021.

Indonesian Sustainable Palm Oil (ISPO) Certification Not Optimal

noreply@blogger.com (fadli_jabir) — Mon, 28 Mar 2022 21:20:00 -0700

Advisor to the Forum for the National Action Plan for Sustainable Palm Oil, Rusman Heriawan, assessed that the acceleration program for Indonesian Sustainable Palm Oil (ISPO) certification was not optimal.

"In fact, ISPO is a necessity and a quantitative indicator of how far palm oil plantations apply aspects of sustainability and environmental protection that are assessed by other countries," he said yesterday. According to Rusman, in 2020, only 682 oil palm plantations have ISPO certificates. Only 5.78 million hectares of land have been certified, or 35 percent of the total 16.38 million hectares of oil palm plantations. Certification of large private companies reached 62.75 percent. However, state-owned plantations that have ISPO are only 32.53 percent. The sad thing, said Rusman, is that smallholder plantations, both plasma and independent, are only certified at 0.19 percent. Senior Advisor to the Kehati Foundation, Diah Suriadiredja, said that Indonesian palm oil still has problems, one of which is the 3.4 million hectares of plantations located in forest areas. According to him, this issue will continue to suppress the prestige of Indonesian palm oil products in the market. Meanwhile, senior economist from the Institute for Development of Economics and Finance (Indef), Fadhil Hasan, regrets that ISPO has not been recognized by the world. In fact, he said, ISPO has undergone significant improvements, strengthening, and changes so that it should be able to resolve the bad assessment of national palm oil products. Sinarmas Head of Sustainability Policy and Compliance, Haskarlianus Pasang, said the industry needed support from the government to implement ISPO. To increase the credibility of ISPO-certified products, Haskarlianus assessed that the government needs to initiate more tangible incentives, such as campaigns for the good impact of ISPO implementation for the achievement of sustainable development goals (SDGs).

Fintech Lending Service Spring

noreply@blogger.com (fadli_jabir) — Sun, 27 Mar 2022 21:14:00 -0700

Modalku's Chief Executive Officer (CEO), Reynold Wijaya, for example, said that so far his party has disbursed loans of more than Rp 23.4 trillion with 4.3 million total loan transactions in Southeast Asia, including Indonesia.

"We are trying to continue to expand the reach of financial services for the community and small businesses that have not been served by financial institutions," he said yesterday. One of the factors driving the growth of lending is the increasingly widespread collaboration between fintech lending and formal financial service institutions and finance companies. Modalku has just signed a cooperation agreement with BRI Agro using a channeling scheme. The channeling strategy is also implemented by the Akseleran platform, which has collaborated with more than 10 banks and finance companies, one of which is PT Bank Jago Tbk. Cooperation with formal financial institutions is one of the a solution to ensure the availability of liquidity and sustainable loan distribution.Before Ramadan, the Financial Services Authority (OJK) recorded the total accumulated industrial loan disbursement until March 2021 reached IDR 181.67 trillion, growing 43.56 percent compared to the position in March 2020 which amounted to IDR 102 .53 trillion. The achievement of te This is inversely proportional to the growth of bank credit which actually contracted minus 3.77 percent in the same period.

Where is Indonesian Palm Oil Produced from?

noreply@blogger.com (fadli_jabir) — Sat, 26 Mar 2022 21:48:00 -0700

Most of the largest oil palm producing areas in Indonesia are located on the islands of Sumatra and Kalimantan.

Tropical climate conditions in these areas are very suitable for oil palm cultivation. Launching the IDX Channel page, here are the five largest palm oil producing provinces in Indonesia, which are located on the islands of Sumatra and Kalimantan. 1. Riau Riau has about 2,806,349 hectares of oil palm land. With an area that exceeds a quarter of the area of Riau Province, these oil palm plantations can produce as much as 9.5 million tons of oil palm annually. 2. North Sumatra The area of oil palm plantations in North Sumatra reached 1,773,049 hectares in 2019. This area has increased quite significantly compared to 2016 which only reached 1,342,523 hectares. Oil palm plantations in North Sumatra could produce more than 5.6 million tonnes of palm oil in 2019. 3. West Kalimantan Oil palm plantations in West Kalimantan have existed since the 1980s and are managed by PTPN XIII. The area of oil palm plantations in West Kalimantan reached 1,570,675 hectares in 2019 and produced at least 5.2 million tonnes of oil palm.