Indonesian Ministry of Agriculture Suggest to Consume Frozen Chicken

Ministry of Agriculture held a meeting with the chicken and egg businesses related to the surge in commodity prices in the two markets.

"The reason they raise prices to cover the losses, when they finally traced the actual claim they are still thin profit.'s Why there must be a code of ethics in pricing. They then vowed to maintain price stability," said Minister of Agriculture, Suswono in the Ministry of Agriculture, Jakarta, Tuesday (07/16/2013).

Indonesian Government Can not Control Beef Prices

Deputy Minister of Agriculture Rusman Heryawan said the government can not control the rising price of beef. The cause, because the government did not have sufficient stock. "The issue of this meat, the government does not have the stock," said Rusman in his office, Tuesday, July 16, 2013. 

Beef In this issue, he said, so the government did not control the stock market can not perform surgery. "While the market operation can only be done if there is no stock," he said. 

Beef Prices Only Slightly Down, Indonesia's Government Want Import More

The government indicated it would resume imports of beef.Minister for the Economy Hatta Rajasa said the government is not enough to lower the price of 3,000 tons of beef beef is that the government will beef imports again to stabilize prices, especially ahead of the holiday.

Until the third week of July 2013, the price of beef in eight provinces in the Indonesian capital has decreased, although not significantly. On average, the price remained at Rp 90,000-Rp 95,000 per kg.

In Jakarta, beef prices fell slightly from Rp 98,000 to Rp 96,000 per kg, in London fell from Rp 106,000 to Rp 103,000 per kg, Semarang down from Rp 81,000 to Rp 80,000 per kg, Yogyakarta edged up to Rp 97,600 per kg, and Denpasar stable at Rp 75,000 per kg.

Indonesian Manufacturing Index Reaches Lowest Point

Weakened national manufacturing performance. It was indicated from Indonesia's manufacturing index fell to its lowest level in four months in June.

This data suggests Indonesia's manufacturing industry participated hampered weakening global demand.

Halim Alamsyah Sell Cheap Cooking Oil

For the banking industry, who is not familiar with Halim Alam?Yes, he was a prominent banker who currently serves as Deputy Governor of Bank Indonesia. 

But at the end of this week, the man who always struggled with monetary policy actually selling cooking oil at cheap bazaar in Integrated Campus Indonesian Islamic University (UII) in the Ground, Yogyakarta, Saturday (29/06/2013). Yeah, Halim is a graduate of the Faculty of Economics UII banker. 

Fuel Up, Supply Distracted Coffee Production

Rising prices of fuel oil (BBM) last week which was originally subsidized Rp 4,500 to Rp 6,500 turned out to disturb Indonesia's coffee industry. According to the Brand Manager of PT Nestle Indonesia Nescafe, Michael Suwito, the problems have an impact on the supply of production. 

"Wheel of sustainability, particularly the upstream sector, a little disturbed," said Michael told Tempo in the launch campaign The Nescafe Plan in Lampung, Thursday, June 27, 2013. 

Rabobank Indonesia Clear Sale

Dutch bank, Rabobank, canceled plans to sell one of its business units, namely Rabobank Indonesia. The company said its market share in Indonesia is quite good. 

"We did a strategic review. Sales [branches in Indonesia] is ​​one option. However, [the plan] is now not an option, "said a spokesman for Rabobank, Roelina Bolding as quoted from the WSJ, Friday (28/06/2013).

sale Rabobank Indonesia When done, Rabobank is expected to pocket the funds up to 400 million U.S. dollars . 

Oil company Bakrie Get Rp 3.1 Trillion of Sales Block

Oil and gas company owned by the Bakrie Group, PT Energi Mega Persada Tbk, through its subsidiary, PT EMP Energi Indonesia, has completed the sale of 10 percent stake in Masela PSC to INPEX Masela Ltd and Shell Upstream Overseas Services (I) Ltd. worth 313 million U.S. dollars, or approximately Rp 3.1 trillion.

In an official statement released by the company, on Friday (28/06/2013), chairman of Energi Mega, Imam P Agustino, explained that the funds would be used to pay off the sale of a loan facility of $ 200 million from Credit Suisse. The settlement is expected to help reduce the financial burden of the company.

South Sulawesi Cocoa Production Dropped

soil conditions are not good and cause disease pests of cocoa production in South Sulawesi tumbled. According to the lecturer in Plant Pests and Diseases Ade Rosmana Hasanuddin University, major pests that attack cocoa is currently borer. In addition, most of the cocoa plant is also affected by the disease and die rotten fruit twigs. As a result, the production of cocoa pods down 25 to 75 percent."Until now there has been no cure," he said, Thursday, June 27, 2016. 

To solve the problems of pests and diseases of cocoa, the Indonesian academics doing research to find new methods of pest and diseases of cocoa. Research was also conducted with a number of countries such as America, Australisa, Malaysia, the Philippines, Vietnam, and the United Kingdom. "In the meantime we recommend that farmers manage crop residues to be used as organic fertilizer. Because, to buy non-organic fertilizers must be expensive," said Ade. 

Need a Great Investment for Oil and Gas Exploration

Indonesia needs investment in large-scale exploration for oil and natural gas, the majority are in the deep sea in eastern Indonesia, and realize the full potential of hydrocarbons that exist through the application of advanced technology.

However, the realization of oil and gas investment is facing challenges in terms of regulations and legislation as well as global economic conditions.

This was disclosed by President of the Indonesian Petroleum Association Mahfoedz Lukman, in his speech, at the opening of the convention and exhibition themed "Promoting Investment in a Challenging Environment" initiated by the Indonesian Petroleum Association, on Wednesday (05/15/2013), in Jakarta.

Painful Effects of rising fuel rices Subsidized

Starting on Saturday (06/22/2013), the new prices of fuel oil (BBM) which is more expensive prevailing. After four more years of enjoying premium and diesel fuel at Rp 4,500 per liter, motor vehicle owners must spend more to buy a liter of petrol.

Premium price rose Rp 2,000 to Rp 6,500 per liter and diesel rose Rp 1,000 to Rp 5,500 per liter. Subsidized fuel price hike is almost the same as in 2008, precisely May 24, the government hoist the premium price to Rp 6,000 a liter and diesel to Rp 5,500. It was the third time President Susilo Bambang Yudhoyono (SBY) to raise fuel prices during his reign.

Rising Fuel Prices Trigger Inflation, Make Domino Effect of Economy

Statistics Riau Islands province evaluate, rising prices of subsidized fuel would indirectly lead to inflation because the price of other commodities will rise due to high transportation costs.

"Nationally, there will be inflation due to rising prices of subsidized fuel was not too big though," said Head of Distribution Statistics Central Statistics Agency (BPS) Riau Islands (Riau Islands), Mangamputua Gultom, in Tanjungpinang on Thursday.

Fuel Price Increase, Indonesian People Have to Find a Way to Adapt

The increase in fuel prices make people have to find a way to adapt. Based on a survey conducted by global research company, Kadence International, the majority of residents in five major cities in Indonesia to reduce their spending to buy cigarettes after gasoline rose last week. 

"Due to rising fuel prices, there are several requirements that must be reduced, increased or expenditure allocation same. However, the majority of respondents reducing their spending to buy cigarettes, "said Managing Director of Kadence Indonesia, Vivek Thomas in exposure which took place in Jakarta, Wednesday, June 26, 2013.