The price of Malaysian Crude Palm Oil (CPO) rose slightly until the afternoon trading session today after being depressed for the last few days

the price of CPO contracts for August delivery on the Malaysia Derivatives Exchange rose 23 ringgit or rose 0.6% to RM 3,894/ton. Yesterday the price of vegetable oil closed at the lowest level in the past month. In accordance with analysts' estimates, palm oil stocks in Malaysia have increased. However, the increase was not as large as the consensus forecast. Data from the Malaysian Palm Oil Board (MPOB) showed that the neighboring country's palm oil inventories at the end of May rose 1.5% from the previous month to 1.57 million tons. The increase was caused by increased production and weak exports. CPO production rose 2.84% over the previous month to 1.57 million tonnes while exports fell 6% on a monthly basis to 1.27 million tonnes. Weakening exports is a natural thing considering India as the world's largest importer of palm oil has experienced a spike in Covid-19 cases, which has forced Bollywood to re-implement a strict lockdown. In India, palm oil is mostly used for consumption. However, it is not households that are the main consumers. This vegetable oil is more widely used in the hotel, restaurant and catering (horeka) sector. Lockdown aims to limit the movement of people so that the hospitality sector is clearly one of the most affected. Palm oil consumption has decreased. But along with the decline in infection cases, India is gradually easing its restrictions. There is hope that demand will gradually improve. It's just that scientists keep warning that Covid-19 cases in India could increase again. Based on estimates by scientists India has the potential to get a third wave of attacks later this year.

|•SOURCE•| Image :BORNEO NEWS |

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In realizing the role of good cooperation and the effect of improving the economy or the level of community welfare,

this time the Regional Office of the Ministry of Law and Human Rights in East Kalimantan together with the Berau Regency Government (Pemkab) carried out the activity of submitting a Geographical Indication Certificate (GI) for Berau cocoa. Of course, in order to increase the development of cocoa pods and play a role in encouraging regional development and agro-industry development. The activity was held at the Berau Regent's Office House. Present at the activity were the Head of Regional Office of the Ministry of Law and Human Rights of East Kalimantan Sofyan and his staff, Head of Management and Marketing of the East Kalimantan Provincial Plantation Service, Siti Juriah, Assistant to the Government and Welfare of East Kalimantan, Expert staff for Development and Economics and also present Head of Plantation Office of Berau Regency and his staff. Of course, the Teluk Bayur sub-district head, MPIG Kakako Berau chairman and staff, management of PT Berau Coal, G12, YKAN, representatives of Berau District cocoa farmers and other invited guests were also present. Sofyan said that cocoa is one of the mainstay commodities of plantations, which is quite important for the national economy and provides employment and sources of income. "Besides that, cocoa products also play a role in encouraging regional development and agro-industry development," he said. Berau Regent Sri Juniarsih on behalf of the Berau Regency Government expressed his gratitude and pride, because the potential of Berau's cocoa commodity was welcomed positively by various groups. "This certificate will be of great value and will make Berau's cocoa even more solid on its identity, its uniqueness, which is different from cocoa commodities from other regions," he said.

|•SOURCE•| Articles :KALTIM PROKAL | Image :TRIBUN |

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Deputy Mayor of South Tangerang (Tangsel) Pilar Saga Icshan gave his appreciation to PT. Indah Kiat Pulp & Paper, which has operated a cooking oil market for Rp. 14,000

located at the Pakulonan Village Office, North Serpong District, Pilar Saga Ichsan explained that this oil operation lasted for 4 days in 7 Kelurahan in North Serpong. "Today, the implementation is taking place in Pakulonan Village, North Serpong District," he said. This market operation activity is in collaboration with Indah Kiat. “Alhamdulillah, there are 12 thousand bags of cooking oil for sale, the price is Rp. 14 thousand, hopefully it will be useful for the community," he said. He hopes that this market operation can help the community in meeting their household needs, especially oil. "We hope that the Central Government and related parties will return to normal cooking oil stocks in the community. So traders in the market can sell at the normal price and the standard price of Rp. 14 thousand," he hoped. Head of CSR PT. IKPP Tangerang Lily Yulianingsih explained, for North Serpong District, she provided 12 thousand packages. “12 thousand packs. For one one liter coupon or packaging for the community. The brand is Masku, produced by the Sinar Mas Group," he said.

|•SOURCE•| Articles :SUARA SIBER | Image :SUARA |

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Bank Sinarmas Syariah is here as a financial solution for traders in traditional markets by providing a variety of products, programs and services that suit the needs of the community, in terms of funding, financing, and investment.

Among them are Islamic capital assistance and Hajj capital assistance. This was stated by Malvins Meyk A Loing, Brand Manager of Bank Sinar Mas Syariah during a meeting with the Acting Board of Directors of Perumda Pasar Makassar, In the meeting, the initial plan that will be implemented is to educate a number of traders regarding the use of the Qris Non-Cash payment system, one of BI's regulators, so that the public can using a digitization system. "Our initial plan is to educate traders about the use of the Qris Non-Cash Payment Digitization System. Which is the regulator of Bank Indonesia. Both financing for traders are in the form of business capital through applications and also the Hajj program," said Malvins. "From the Board of Directors, we asked us to first socialize to the traders so that the traders know the purpose and objectives of our cooperation. So this is still the stage of exploring cooperation," he added. The offer that will be given to traders is Rp. 10 million to Rp. 500 million. The Acting Board of Directors of Perumda Pasar Makassar, Thamrin Mensa, said that he welcomes any collaboration with banks as long as it will support the traders.

|•SOURCE•| Articles :BUSINESS | Image :ANTARA |

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PT Sinar Mas Multifinance listed Sustainable Bonds II Phase III 2022 on the Indonesia Stock

Exchange worth Rp559.2 billion. The company in a press release in Jakarta yesterday said the bonds consist of three series. Among them, series A Rp317.7 billion, interest rate 7.75%, period of 370 days from issuance date, series B Rp232.5 billion with 9.00% interest rate, period of 3 years from issuance date. Lastly, series C Rp9 billion, interest rate of 10.50% and a period of 5 years from the issuance date. The rating result from PT Kredit Rating Indonesia for Phase III Bonds is irA (Single A Plus). Acting as the Trustee in this issuance is PT Bank KB Bukopin Tbk (BBKP). With the arrival of Sinarmas Multifinance bonds, the total issuance of bonds and sukuk that have been recorded throughout 2022 is 5 missions from 4 issuers worth Rp3.71 trillion.

|•SOURCE•| Articles :BUSINESS | Image :PROSES BAYAR |

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Several clusters in BSD City, such as Myza, Aether, Quantis Signature, and Yuthica which were released in 2021

have managed to attract market attention until they were sold out during the launching period. Not stopping to innovate, Sinar Mas Land through BSD City introduces the Latinos Business District which is located in the Eastern Region of BSD City. These property products are designed to be multifunctional and flexible by maximizing business space that has added value to make it a comfortable place to live. Reported from a written statement by Sinar Mas Land, this commercial product carries the concept of the first boutique small office home office (Boutique SOHO) in BSD City. The first phase of the Latinos Business District is marketed in two types, namely T91 which is built on three floors and T62 which is built on two floors with a land area of ​​5x10 m2 in each unit. BSD City Residential CEO Sinar Mas Land Theodore G Thenoch explained, Latinos Business District is suitable to support the needs of business spaces such as creative space, doctor's practice/health clinic, florist, bridal house showroom, café, restaurant, pharmacy, to salon and spa

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The Ministry of Agriculture (Kementan) emphasized that there was no tug of war on the supply of crude palm oil (CPO)

for cooking oil needs with the need for biodiesel. Based on data from the Ministry of Agriculture, in 2020, the supply of CPO for the food industry reached 8,428,000 tons and 7,226,000 tons for biodiesel. And 1,695,000 tons for the oleochemical industry. So the total demand for CPO for the domestic industry reaches 17,349,000 tons. Then, in 2021, the supply of CPO for the food industry will reach 8,249,000 tons and 6,561,000 tons for biodiesel. And 1,946,000 tons for the oleochemical industry. So the total demand for CPO for the domestic industry reaches 16,756,000 tons. “From the data above, there is no attraction between the need for biodiesel and cooking oil. This is because national CPO production is quite abundant (49.71 million tons in 2021), while the need for cooking oil (food) and biodiesel is only around 14.81 million tons," said Director of Plantation Processing and Marketing of the Ministry of Agriculture, Dedi Junaedi. CPO governance in the upstream/on farm sector is encouraged to implement sustainable oil palm plantations, with the aim of increasing the acceptability and competitiveness of Indonesian oil palm plantation products in national and international markets and increasing efforts to accelerate the reduction of greenhouse gas emissions. Regarding the cooking oil problem, Dedi said, the Ministry of Agriculture encourages the increase in palm oil productivity, especially smallholder plantations so that production costs are more efficient and their competitiveness increases (at least 6 tons of CPO/hectare/year). This was taken through the People's Palm Oil Replanting Program (PSR).

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Developers have begun to respond to the extension of the Government-Born Value Added Tax stimulus in the housing sector until 30 September 2022

by intensifying promotions and facilitating payment methods for consumers. The housing offer program is juxtaposed with tax incentives and home ownership loans. Director of Sinar Mas Land, Herry Hendarta, said that the property sector continues to move up, either to fulfill basic needs as a residence or as an investment instrument. The government has also extended the stimulus for the Government Borne Value Added Tax (PPN DTP) to encourage property growth. In addition, there are also incentives for housing loans, such as easing the loan-to-value (LTV) ratio of purchased homes and a reduction in the benchmark interest rate from Bank Indonesia. This year, Sinar Mas Land launched the “Double Dream” sales promotion program which, among other things, provides a 22 percent price reduction and 6 percent cash back, down payment subsidies, and VAT incentives. The products offered include plots, houses, apartments, and shop houses for unit prices ranging from Rp. 500 million to Rp. 8 billion, spread across Batam, Balikpapan, Surabaya, and Jabodetabek. The company targets revenue of Rp 1.5 trillion from the Double Dream program or 19.48 percent of this year's total sales target of Rp 7.7 trillion. "This program (Double Dream) can also be combined with a number of government policies in the property sector, one of which is VAT DTP," said Herry.

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Sinarmas Group mining company Golden Energy and Resources Ltd (GEAR) which is also the parent company of PT Golden Energy Mines Tbk. (GEMS), posted a profit surge in 2021.

Based on the company's financial statements throughout 2021, GEAR posted a profit of US$251.3 million, up 629 percent year on year (yoy). This number is the highest since recorded in 2016. Meanwhile, GEAR's revenue jumped 61 percent to US $ 1.87 billion. The company said the surge in revenue was contributed by the coal segment, which soared 49 percent yoy to US$1.59 billion due to a 72 percent increase in the average selling price of coal (ASP) to US$53.46 per tonne. Meanwhile, revenue from the metallurgical coal segment rose by 195 percent to US$286.6 million with an ASP increase of 65 percent reaching US$132.78 per tonne. The company's Ebitda also set a record in 2021 reaching US$503.3 million with a margin increase of up to 26.9 percent. Cash inflows to GEAR also strengthened by US$377.3 million throughout 2021, compared to US$108.9 million in 2020. “For this year, the company has signed an ownership acquisition agreement in BHP Mitsui Coal Pty Ltd. (BMC) which is planned to be completed in mid-2022," the management wrote in an official statement

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Eka Tjipta Widjaja, is the founder of the Sinar Mas Group which has a business octopus under him, ranging from finance, telecommunications, infrastructure and others.

Check out the profile of the tycoon Eka Tjipta Widjaja. Eka Tjipta is an immigrant from China and was born in a poor economic condition. He then migrated to Indonesia, specifically to Makassar, when he was 9 years old. Even though she is still small, Eka has helped her parents who are also in debt. He helps to sell biscuits, sweets, and various other merchandise. Eka herself has passed away in 2019, at the age of 95 years. Eka and Sinar Mas' businesses were then run by their children. Now, Sinar Mas is already engaged in seven business pillars, namely Pulp and Keras, Agribusiness and Food, Financial Services, Developers and Real Estate, Telecommunications, Energy and Infrastructure, and Health Services. 2018, Eka Tjipta Widjaja and his family were included in the Forbes 2018 Indonesia's 50 Richest Net Worth list in third place, with a value of US$ 8.6 billion.

|•SOURCE•| Articles :BISNIS | Image :CNN |

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Not only affected by the pandemic, workers are also affected by the implementation of the Job Creation Act.

One year later, the universal sweeping regulation came into effect, overshadowed by the uncertainty of the work climate and the welfare of workers who were increasingly eroded. Maman (32), not his real name, had to give up his dream of becoming a permanent employee. After eight years of continuously working as a contract laborer in a plastic factory in Bekasi, West Java, instead of being made a permanent worker as promised, he was 'downgraded' to become an outsourced or wholesale worker. Maman's status as a contract worker was terminated and he was transferred to an outsourced worker with 'tali asih' money or a compensation of Rp 2 million. Maman is now working under an outsourced company that works with his old company. Maman's position as a factory warehouse staff does not actually include the five types of jobs that can be outsourced. According to Maman, the practice of contracting out for outsourcing in non-supporting jobs had been carried out by the company even before the Job Creation Act. General chairman of the Federation of Indonesian Union Labor Unions (FSBPI) Dian Septi said that in some cases, the modus operandi was that workers were asked to resign and receive compensation money so that companies would not have to pay severance pay. “On average, workers accept because they feel pressured. Apart from the need for work and money, there are unequal power relations in negotiations."

|•SOURCE•| Articles :KOMPAS | Image :REPUBLIKA |

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In the midst of the Covid-19 pandemic that hit various businesses, ranging from large industries to households, the Millennial generation has even stopped working.

The phenomenon of massive resignations brings serious problems to the surface, namely the orientation of work that is more than just looking for a steady income and the community's need for fair wages according to their workload. The name "Great Resignation" or this massive resignation was inspired by the phenomenon of the "Great Depression" or the great depression in 1929 when the United States experienced a monetary crisis that made the country poor. Now, the Covid-19 pandemic has made Millennial workers reflect on their life needs which are not only about finances, but also happiness and mental health. This aspect is considered more important so that they decide that the current job or career requires too much sacrifice from life. Maybe this is like the proverb "sustenance will not go anywhere". However, at the same time, the Great Resignation phenomenon also shows the inequality of racism in developed countries because it is almost exclusively enjoyed by white residents. This is also an important factor, namely now employees will not want to stay in a company if their superiors or work system values ​​are not ideal. Making a living is not worth it when you are mentally depressed. In addition, work must also provide added value, for example providing professional, social, and personal capacity building.

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PT Bumi Serpong Damai Tbk (BSDE) managed to record a solid performance. Analysts are optimistic that BSDE's performance next year will be higher than this year's performance.

BSDE's financial performance until the first semester of 2021 was positive, with pre-sales of Rp 4.5 trillion. This figure rose 39.20% year on year (yoy). The residential segment contributed 67%. Meanwhile, BSDE's revenue rose 39.19% yoy to Rp 3.25 trillion. BSDE also achieved a net profit of up to Rp 680 billion, from a previous loss of Rp 192.68 billion. Quoting the research of Andhika Suryadharma Analyst of RHB Sekuritas, until the third quarter of 2021 BSDE scored 87% of its pre-sales target for 2021. Looking at the pre-sales performance, Andhika is optimistic that the pre-sales target of BSDE will be achieved, especially thanks to the pre-sales from the residential segment. BSDE's pre-sale target this year can be missed if the commercial property division pursues pre-sales. "Companies can launch commercial shophouses worth IDR 1-2 billion," Andhika said in the research. BSDE's pre-sales were also supported by increased public interest in high-end properties and products with prices above Rp 3 billion. Not to mention the ammunition from BSDE's collaboration with Mitbana Pte.Ltb., a joint venture company owned by Mitsubishi Corporation and Surbana Jurong. The cooperation in selling the land plots contributes up to Rp 500 billion. Head of Investment PT Reswara Gian Investa Kiswoyo Adi Joe is also optimistic that BSDE's financial performance has the potential to grow 20% in 2022. Kiswoyo said BSDE will benefit from having a large land bank. It is recorded that the landbank owned by BSDE reaches a total of 4,582 hectares (ha).

|•SOURCE•| Articles :KONTAN | Image :IDX |

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PT Puradelta Lestari Tbk (DMAS) failed to reach its marketing sales target for 2021 due to the second wave of the Covid-19 pandemic. Throughout last year, the issuer in the industrial land sector only posted marketing sales of Rp 1.76 trillion or 88 percent of the set target of Rp 2 trillion.

Director and Corporate Secretary of DMAS Tondy Suwanto explained that the demand for industrial land during the pandemic was actually still quite high, especially demand from the data center sector. "Nevertheless, the arrival of the second wave, which is worse than the previous one, has resulted in delays in the process of buying and selling industrial land," he believes, several pending industrial land sale and purchase transactions will be completed this year. Last year, the automotive sector and the data center sector were the main contributors to the company's sales of 62.5 hectares of industrial land. In addition to developing industrial areas, continued Tondy, the company is also developing residential and commercial areas. In addition to the automotive and data center sectors, the sale of residential land also contributes to marketing sales, in addition to the sale of landed housing products from the Naraya Park cluster and other clusters. In addition, the company has also succeeded in selling commercial lands to business owners which will certainly color the dynamics of the social life of residents, visitors, and workers in the Kota Deltamas area. Going forward, Puradelta Lestari will continue to develop its industrial, residential and commercial areas to realize the company's long-term mission.

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A number of countries have been forced to close access to Indonesian residents in line with the recent spike in domestic Covid-19 cases. Even so, this does not have an impact on the sustainability of palm oil commodity exports.

Deputy Chairperson III of the Indonesian Palm Oil Association (Gapki) Togar Sitanggang said exports of crude palm oil (CPO) products and their derivatives to various countries were still running normally despite the worsening situation of the Covid-19 pandemic in Indonesia. This is because prohibitions from other countries only apply to Indonesian citizens (WNI), not products or goods produced from Indonesia. "It is palm oil that is exported, not the Covid-19 virus, so exports will continue as usual," he added. Togar is sure that exports of Indonesian palm oil products will still grow, especially in the second half of 2021. Moreover, there is still momentum for the upward trend in prices. CPO that can be used by Indonesian business actors.

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The spread of positive COVID cases has not shown any signs of decreasing. This will result in an extension of the implementation of the Emergency Community Activity Limitation (PPKM) and delaying the national economic recovery.

In the second quarter of 2021, the Prompt Manufacturing Index-BI (PMI-BI) was recorded at 51.45%. An increase compared to the previous quarter which was 50.01% and the second quarter of last year, which was 28.55%. Like the manufacturing PMI version of IHS Markit, the PMI-BI also uses the number 50 as a starting point. If it is above 50, it means that the industrialist is in the expansion phase. Then, BI also revealed that the results of the Business Activity Survey (SKDU) indicated that business activities were accelerating. This is reflected in the value of Weighted Net Balance (WNB) which increased by 18.98% in the second quarter of 2021 compared to 4.5% in the previous quarter. In line with the development of business activities, used production capacity was 75.33% in the second quarter of 2021, an increase from the previous quarter's achievement of 73.38%. Employment of labor is also indicated to improve although it is still in the contraction phase, with the financial condition of the business world and access to credit improving. However, it looks like the third quarter of 2021 will be a different story. The Policy for the Implementation of Restrictions on Community Activities (PPKM) will make the economy 'limp', even 'suspended animation'. Emergency PPKM mandates 100% of workers in non-essential and non-critical sectors to work from home (work from home). Shopping centers must be closed, and restaurants / food stalls are not allowed to serve visitors who eat and drink on the premises.

|•SOURCE•| Articles :CNBC | Image :JAWAPOS |

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The increasing number of Covid-19 cases and the government's implementation of the Emergency Community Activity Restriction (PPKM) continues to overshadow the apartment business in Jakarta.

A number of apartment projects have been delayed in completing and handing over units until the first semester of 2021. “Construction activities will be hampered because the Covid-19 cases are increasing again. It is estimated that many projects that have returned will have their handover schedule postponed," said Head of Research Colliers International Indonesia, Ferry Salanto, in a Q2 2021 virtual media briefing, Jakarta, recently. He explained, throughout 2021 there were seven apartment projects being worked on by developers and a total of 3,672 units, and only one project was handed over until the second quarter of 2021. Ferry said that the apartment market in Jakarta has continued to decline since 2016. The emergence of the pandemic caused apartment sales and launches to go into free fall until mid-2021. Ferry explained that the performance for strata title apartments compared to last quarter, there was a 63% decline in sales and only 155 units were sold out of 500 units offered in the second quarter of 2021. The uptake rate increased slightly although it was only 0.08% QoQ at 87.2% level. Regarding the government's VAT incentives in the apartment sector, said Ferry, until the second quarter of this year, the impact of the VAT incentive program has yet to be seen, especially in the apartment sector. However, the VAT incentive program is extended until December 2021 and is expected to be a sales catalyst in 2021. The selling price is expected to stagnate until the VAT incentive ends.

|•SOURCE•| Articles :INVESTOR | Image :BISNIS |

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Currently, Indonesia still exports most of its unprocessed crude palm oil. As a company engaged in the chemical sector, PT Pupuk Kalimantan Timur (PKT) sees the importance of spurring the downstreaming of CPO so that the domestic oleochemical industry can generate added value.

President Director of PKT, Rahmad Pribadi, said that in order to diversify its business, PKT will not only develop natural gas derivative industries, but will also develop industries that use renewable resources, such as the development of the oleochemical industry and its derivatives which are advanced products from CPO or coconut. palm. "This step is also one of the PKT development strategies, in order to help maximize the potential of the palm oil sector and ensure that the process of increasing added value from the downstream palm oil industry can be carried out entirely in-house in Indonesia," explained Rahmad in his official statement, Rahmad Pribadi showed his optimism in the potential of the downstream oleochemical industry in East Kalimantan, where the current CPO production figure in East Kalimantan reaches 4.3 million tons per year. However, currently there is no advanced oleochemical processing industry in this region. To cultivate the potential of the oleochemical industry in East Kalimantan and Indonesia in general, PKT is currently conducting a study to build an oleochemical factory that will produce derivative products in the form of fatty acids with a potential production capacity of 100 thousand tons per year.

|•SOURCE•| Articles :MEDCOM /a> Image :DETIK

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Data from the Central Statistics Agency (BPS) shows that exports of vegetable oils and fats with the HS code 15 fell 30.89% from US$2.74 billion in May 2021 to US$1.89 billion in June 2021.

The decline in export value was followed by a decrease in volume of 31.52%, from 2.61 million tons to 1.78 million tons. The Deputy Minister of Trade for the period of 2011–2014 as well as an agricultural economist from IPB University, Bayu Krisnamurthi, said that this decline was to be expected. The decline in imports is inseparable from the high price of palm oil which also influences importers' purchasing decisions. If you refer to World Bank data, the average price of crude palm oil (CPO) is still stuck above US$1,000 per tonne, namely US$1,156 per tonne in May and US$1,017 per tonne in June. “Besides, soybean production is starting to increase and oil prices are still holding up. With a relatively good projection of palm oil production, these factors are like the process of normalizing the world palm product market,” said Bayu, Bayu estimates that the decline in exports will be sloping with relatively constant demand going forward. The new balance was formed because importers who had switched to palm oil due to the increase in soybean prices began to buy soybeans again in line with the normalization of production and prices. Chairman of the Indonesian Palm Oil Association (Gapki) Joko Supriyono said that demand from China is also solid and continues to strengthen. For example, exports in May rose 71% year-on-year. "We hope that with PPKM, production will be without obstacles. Exports should also remain smooth, only a few countries with an increase in cases may be disrupted," said Joko.

|•SOURCE•| Articles :BISNIS | Image :CNBC |

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Golden Energy and Resources Ltd (GEAR) through its subsidiary Stanmore Resources Ltd has completed the acquisition of the Millennium and Mavis Downs Mine coal mines located in the vicinity of Moranbah, Queensland, Australia.

This transaction was carried out through a joint venture between Stanmore and M Resources, namely MetRes Pty Ltd. The Millennium and Mavis Downs Mine coal mines were purchased from Peabody Energy Australia. "Mining activities are scheduled to commence in August 2021. The rail and port logistics contracts are executed by providing a clear path for shipments that will allow the company to take advantage of favorable market conditions," said Stanmore CEO Marcelo Matos. This acquisition plan was previously announced on April 15, 2021. Stanmore and M Resources provided a cash advance of AUD1.25 million and a royalty payment of AUD1.25 million to Peabody Energy Australia. Stanmore stated that the acquisition's objective of reactivating metallurgical coal assets provides a low capital and rapid market investment opportunity. In addition, the company also gains access to mining infrastructure through this acquisition.

|•SOURCE•| Articles :BISNIS | Image :GEAR |

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