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RABOBANK HOPES TO INCREASE CREDITS TO RP14 TRILLION

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PT Bank Rabobank International Indonesia.

Greatindonesia.co.id, Makassar – PT Bank Rabobank International Indonesia hopes to increase its outstanding credits to Rp14 trillion this year from Rp10 trillion last year.

The credit would be provided mainly for the expansion of cultivation of aquaculture and food crops, its chief executive Jos Luhukay said here on Tuesday (20/3/2018).

PT. Bank Rabobank offers corporate banking services. It focuses primarily on food and agribusiness, telecom, media, information technologies, pharmaceuticals, natural resources, and financial institutions.

The company, an Indonesian unit of the Dutch Rabobank Group, started operation in the country after the merger of Hagabank and Hagakita in 2000.

Jos Luhukay said strengthening food security is in line with the strategic policy of the government to reach food self sufficiency.

Therefore, the bank hopes to increase its credit disbursement by 40 percent this year especially for business in the food sector and fish cultivation.

He said until 2017, 66 percent of the bank’s credits have been for the food and agribusiness sectors.

This year the banks hopes to provide credits for the agricultural sector, fish cultivation and trade sector considering the country’s natural resources, he added.

The bank would use its partnership it has established with clients in eastern Indonesia , saving and lending cooperatives (KSP). (ant)

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FINANCE

BANKING TRANSACTIONS INCREASED DURING MAY 22 RALLY

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BI and other members in the Financial System Stability Committee (KSSK) said they regretted that riots occurred after the demonstration.

Greatindonesia.co.id, Jakarta -The demonstrations protesting the General Election on May 22, 2019, which became violent, did not significantly disrupt the payment systems of the banking industry, though transactions for fund transfers increased.

“The condition of the banking industry on May 22, 2019 was normal,” BI Governor Perry Warjiyo said in Jakarta on Thursday (23/5/2019).

Nevertheless, BI and other members in the Financial System Stability Committee (KSSK) said they regretted that riots occurred after the demonstration.

“Since yesterday (Wednesday, May 22) the banking industry has operated normally. Today, there are 13 banks that have taken withdrawals from BI for transaction needs,” Perry Warjiyo said.

On May 22, 2019, Perry Warjiyo detailed how transfers through the payment system in banks also saw higher volumes than regular days. For example, Perry said, transfers through Real-Time Gross Settlement (RTGS) services reached Rp577 trillion, an increase of some 10 percent from transfers on a normal day of Rp544 trillion.

Meanwhile, transfers through the Bank Indonesia National Clearing System (SKNBI) reached Rp14 trillion, with a volume of Rp696 thousand on May 22, 2019.

“So the implementation of economic transactions for the settlement of transactions regarding the clearing payment system in the SKNBI and the RTGS ran normally,” he said.

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso said that several bank branch offices on Jalan MH Thamrin and Jalan Wahid Hasyim in Central Jakarta were closed during the demonstration.

However, the situation did not significantly disrupt banking transaction activities throughout the country.

“Now, this is the era of electronic transactions, so physical offices are not very important. Banking activities can be done through digital services,” he remarked.

Finance Minister Sri Mulyani Indrawati said the government believed forces from the National Police and the Military were able to restore security conditions quickly.

The business world, Sri Mulyani noted, also placed their trust in the government to handle the political situation.

“Therefore, we hope there will be no disruption to the momentum of economic growth from the current situation,” Sri Mulyani said. (dra)

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FINANCE

BI COMMITTED TO DEVELOPING WATER HYACINTH CRAFTS IN GORONTALO

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Program is a basic training program for developing water hyacinth crafts, one of the stages of development of water hyacinth products that were just introduced in 2018.

Greatindonesia.co.id, Gorontalo – A representative office of Bank Indonesia (BI/central bank) in Gorontalo Province is committed to helping local micro-small and medium enterprises (MSMEs) develop water hyacinth.

Assistant Analyst for the Implementation of the MSME Development Function of BI’s Gorontalo provincial office, Muhammad Asep Zaenal Ansory, said here Wednesday (22/5/2019) that the commitment was carried out through a training program for water hyacinth crafts.
UMKM
“The name of the program is a basic training program for developing water hyacinth crafts, one of the stages of development of water hyacinth products that were just introduced in 2018,” he said.

He noted that the activity was a continuation of the first phase for the Tiar Handmade group, one of the new groups in BI’s Gorontalo representative for water hyacinth.

“In this first stage, focusing on research and product development, we want to know what water hyacinth crafts are, how to make them, and determine the quality the buyers want,” said Asep.

They also wants to perform research into what trends are developing and selling in the market.

“After this, there are three more stages, starting from the development of capital access, then marketing and institutionalizing. So, from the netted groups, it is hoped that there will be commitments, not just training,” he said.

The follow-up of the program is that each participant can actively produce water hyacinths and become a supplier for the Tiar Handmade group. (ant)

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BANK INDONESIA ACCELERATES TRANSACTIONS OF COMMERCIAL SECURITIES

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The Deputy Governor of Bank Indonesia, Dody Budi Waluyo.

Greatindonesia.co.id, Jakarta – Bank Indonesia has sped up the issuances and transactions of commercial securities (SBK) as an alternative short-term nonbank source of funds.

This was achieved through the signing of an administrative agreement to settle SBK transactions between Bank Indonesia and the Indonesian Central Securities Depository (KSEI), on Friday 17th May 2019 in Jakarta.

The move is consistent with efforts to stimulate the domestic demand for funds. The agreement signals the operational preparedness of SBK market infrastructure for SBN issuances and transactions, according to a statement from Bank Indonesia here on Monday (20/5/2019).

The Deputy Governor of Bank Indonesia, Dody Budi Waluyo, stated his expectations that the various regulations and supporting infrastructure will enable SBK to play an important role as an alternative short-term funding solution for nonbank corporations, and as an attractive money market instrument for investors.

SBK infrastructure includes regulations (Bank Indonesia Regulations and Board of Governors Regulations) previously issued concerning SBK instruments and supporting institutions.

Currently, a total of 3 arrangers, 2 rating agencies, 46 legal consultants, 84 public accountants, 5 notaries, 4 brokers, 15 custodians and the Indonesian Central Securities Depository (KSEI) as the central custodian are registered with Bank Indonesia.

KSEI was approved by Bank Indonesia as the central custodian, in order to improve governance of SBK issuances and transaction settlements, particularly in terms of recording, administrating and settling scripless SBK transactions.

Moving forward, Bank Indonesia will strive to develop the SBK market by educating potential issuers through an outreach program.

Also, Bank Indonesia will coordinate with the Indonesian Financial Services Authority (OJK) to ensure there are no conflicts in enforcing regulations, specifically regulations for financial services institutions that may utilise SBK as short-term funding or an investment vehicle. (els)

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