Indonesia pushes for expediting economic recovery in Asia Pacific

Jakarta (ANTARA) – The Indonesian government is committed to accelerating economic recovery in the Asia-Pacific region by actively participating in the Asia Pacific Economic Cooperation (APEC) forum. “Synergy, collaboration, and mutual respect are the keys to boost the achievement of APEC’s vision and efforts to expedite handling of the pandemic,” Djatmiko Bris Witjaksono, the director general of International Trade Negotiations at the Ministry of Trade, noted in a statement here on Friday. Witjaksono conveyed the statement at the second virtual meeting of the Committee on Trade and Investment (CTI2) of…

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Nutmeg gives Banda Islands lingering scent of profit

Nutmeg, or Myristica fragrans Houtt, appears to thrive on almost all inhabited islands of Banda. The spice has held a prime place since the start of the global spice trade hundreds of years ago. Of the 11 islands in Banda, the ones that are inhabited include Gunungapi, Banda Besar (Lontar), Banda Neira, Hatta, Ay, Rhun, and Syahrir. In the past, the islands housed nutmeg plantations controlled by the Dutch. These included 31 plantations on Pulau Ay, 34 plantations in Banda Besar, and three plantations in Banda Neira. With the collapse of the…

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Low demand causal to low lending: Indef Economist

Jakarta (ANTARA) – Senior economist at the Institute for Development of Economics and Finance (Indef) Fadhil Hasan attributed limited public demand amid the pandemic as the key factor behind low credit distribution. Hasan maintained that based on stability of the financial system, the Financial Services Authority (OJK) was able to create a conducive business climate for banking industry players, through various policies, including credit restructuring, loan interest subsidies, new working capital loans, and other forms of supervision. “Meanwhile, in terms of the business climate, in which the OJK plays a…

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IPB University renews cooperation with CIFOR-ICRAF

Jakarta (ANTARA) – IPB University has renewed cooperation with the Center for International Forestry Research – World Agroforestry (CIFOR-ICRAF) in facilitating resource exchanges and sharing of research practices pertaining to land degradation and habitat reduction. “I am really looking forward to be involved in various additional activities in future as a result of this collaboration, and I look forward to a more positive transformation of higher education in terms of learning, research, innovation, and community services,” Rector of IPB University Professor Arif Satria noted in a press release here on…

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UI forges cooperation with Central Information Commission

Depok (ANTARA) – The University of Indonesia (UI) has forged cooperation with the Central Information Commission in education, research, study, and civic missions concerning public information openness (KIP). UI’s spokesperson, Amelita Lusia, concurrently the university’s Information and Documentation Management Officer, noted in a press statement here on Saturday, that UI and the Central Information Commission had inked a memorandum of understanding (MoU) on implementing public information disclosure and strengthening human resources, organizations, and management. Central Information Commission Chairman Gede Narayana remarked that the cooperation was forged to bolster the implementation…

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Manado, North Sulawesi (ANTARA) – North Sulawesi Province exported 63,046 tons of cement to Taiwan, the Philippines, and Malaysia in May 2021. “Three countries buying cement produced in North Sulawesi are Taiwan, the Philippines, and Malaysia,” Head of the North Sulawesi Industry and Trade Office Edwin Kindangen stated here on Saturday. The province earned US$2.18 million from cement exports to the three countries in May this year, Kindangen noted. It earned US$1.10 million from exporting 32,496 tons of cement to Malaysia. The province earned US$763,750 from 23,500 tons of cement exported to Taiwan. As many as 7,050 tons of cement, valued at US$317,300, were exported to the Philippines, which shares a marine border line with North Sulawesi. Cement is a relatively new export product from North Sulawesi, so it is crucial to find new markets. “We will strive to find new markets for cement from North Sulawesi,” he affirmed. The quality and quantity of cement are important parameters for buyers. “Do not ignore the quality, as the buyers’ trust in us will be lost,” he cautioned. “Our government will support and help exporters in North Sulawesi, both in terms of handling business correspondence and technical guidance,” he asserted. Meanwhile, Indonesia’s domestic cement sales were recorded at 62.7 million tons in 2020. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 percent from the 2019 sales of 70 million tons, the lowest growth in a decade. The highest domestic cement sales in 2020 were clocked at 6.2 million tons in October, while the lowest sales were recorded in May at 3.2 million tons. Cement sales are expected to rise in 2021 on the back of infrastructure projects, primarily due to increased infrastructure spending in the State Budget (APBN) 2021. Source: Antara News

Manado, North Sulawesi (ANTARA) – North Sulawesi Province exported 63,046 tons of cement to Taiwan, the Philippines, and Malaysia in May 2021. “Three countries buying cement produced in North Sulawesi are Taiwan, the Philippines, and Malaysia,” Head of the North Sulawesi Industry and Trade Office Edwin Kindangen stated here on Saturday. The province earned US$2.18 million from cement exports to the three countries in May this year, Kindangen noted. It earned US$1.10 million from exporting 32,496 tons of cement to Malaysia. The province earned US$763,750 from 23,500 tons of cement…

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