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INACOM Invites West Java Industry to Join Commodity Auction Market

07

Mar

INACOM Invites West Java Industry to Join Commodity Auction Market

One of the purposes of establishing INACOM Commodity Auction Market is to provide opportunities to improve the welfare of farmers. "We established [...]

INACOM Invites West Java Industry to Join Commodity Auction Market. One of the purposes of establishing INACOM Commodity Auction Market is to provide opportunities to improve the welfare of farmers.
`We established the Commodity Auction Market, one of which is to be able to create fair and just prices for commodity industry players,` said Arif Budiman, Director of INACOM in front of participants of Technical Guidance (Bimtek) Warehouse Receipt System and Commodity Auction Market in Tasikmalaya, Thursday, March 7, 2024.
Arif Budiman further stated that good collaboration between commodity farmers, Auction Market Organizers, warehouse managers, and financial institutions will create a commodity market ecosystem that benefits all stakeholders.
`INACOM as a marketplace that has decades of experience in marketing commodities in Indonesia hopes that farmers in West Java can collaborate in creating a future for the commodity ecosystem that is more competitive nationally and even globally,` Arif said.
INACOM PT KPBN is a subsidiary of PT Perkebunan Nusantara III (Persero) Plantation BUMN Holding which is engaged in the sale and storage tanks for plantation commodities. After obtaining a permit from Bappebti at the end of 2023 and signing a cooperation agreement with PT Kliring Berjangka Indonesia, INACOM began to develop a business in organizing commodity auction markets in Indonesia.

INACOM-KBI Socializing the Warehouse Receipt System & Commodity Auction Market in Tasikmalaya

07

Mar

INACOM-KBI Socializing the Warehouse Receipt System & Commodity Auction Market in Tasikmalaya

In his speech, the Head of the SRG and PLK Development and Empowerment Bureau of Bappebti, Heryono Hadi Prasetyo, stated that the purpose of the [...]

INACOM-KBI Socializing the Warehouse Receipt System & Commodity Auction Market in Tasikmalaya. In his speech, the Head of the SRG and PLK Development and Empowerment Bureau of Bappebti, Heryono Hadi Prasetyo, stated that the purpose of the integration of SRG and PLK socialization was to develop the ecosystem of the commodity industry and improve the welfare of commodity farmers.
As a form of support from the local government, the Head of the Cooperatives, Small and Medium Enterprises and Industry (KUKMP) Department of Tasikmalaya Regency, H. Endang Syahrudin, said that collaboration between stakeholders was necessary.
`The Tasikmalaya Regency Government already has a representative Warehouse Receipt System. This must be optimized by farmers in Tasikmalaya and collaborated with clearing companies and commodity auction market organizers,` said H. Endang Syahrudin in his speech in front of the participants.
Through the PLK, there are a number of benefits that can be obtained, such as guaranteeing the certainty of prices and commodity products, guaranteeing the certainty of sustainable distribution of goods, and being a stimulus for improving the economic welfare of farmers.
`We established the Commodity Auction Market to create fair and equitable prices for commodity industry players,` said Arif Budiman, Director of INACOM, in front of the participants of the Warehouse Receipt System and Commodity Auction Market Technical Guidance (Bimtek) in Tasikmalaya City, Thursday, March 7, 2024.
Meanwhile, through the Warehouse Receipt System, it is hoped that it can provide benefits as an important and effective instrument in the trade financing system. SRG can also facilitate the provision of credit for the business world with inventory or goods stored in warehouses as collateral.
The SRG and PLK socialization activities were held in front of commodity industry players in West Java and were attended by the Head of the Cooperatives, Small and Medium Enterprises and Industry (KUKMP) Department of Tasikmalaya Regency, H. Endang Syahrudin, the Head of the SRG and PLK Development and Empowerment Bureau, Heryono Hadi Prasetyo, and the Chairman of the Association of Young Indonesian Entrepreneurs (HIPMI) of Tasikmalaya Regency, Fikri Nursamsi.
Participants in the SRG and PLK technical guidance in Tasikmalaya City were attended by farmers and commodity industry players from Tasikmalaya, Ciamis, Banjar, and several other areas in West Java.

Next Project Development Price Reference: PT KPBN Inacom in Palm and Lauric Oils Price Outlook Conference POC 2024

06

Mar

Next Project Development Price Reference: PT KPBN Inacom in Palm and Lauric Oils Price Outlook Conference POC 2024

Next Project Development Price Reference: PT KPBN Inacom at Palm and Lauric Oils Price Outlook Conference POC 2024 [...]

PT KPBN Seeks Cooperation with KPLJB to Strengthen Commodity Auction Markets in West Java

29

Feb

PT KPBN Seeks Cooperation with KPLJB to Strengthen Commodity Auction Markets in West Java

KPLJB, which has long been known as an auction organizer in West Java region, is considered to have a great potential for cooperating in developing [...]

PT KPBN Seeks Cooperation with KPLJB to Strengthen Commodity Auction Markets in West Java. KPLJB, which has long been known as an auction organizer in West Java region, is considered to have a great potential for cooperating in developing commodity auction sectors in Indonesia. Through this cooperation, it is expected to create a strong synergy among all parties to optimize the potential of the commodity auction market in Indonesia, especially in West Java.`We see KPLJB as a strategic partner that can help us expand the reach of the commodity auction market in Indonesia. This cooperation is expected to increase the transparency, efficiency, and fairness in the auction process, so that it can increase the trust of market players,` said Arif Budiman as Director of PT KPBN in his opening speech.Meanwhile, a representative from BAPPEBTI emphasized the importance of this cooperation in order to increase supervision and protection for market players. `We fully support this initiative as part of our efforts to ensure that commodity trade in Indonesia is carried out in a fair and transparent manner,` said a representative of BAPPEBTI.PT KBI, which has an important role in the guarantee system and clearing of commodity futures trading transactions, also stated its commitment to support this cooperation.This meeting marked a positive first step in an effort to strengthen the commodity auction market ecosystem in Indonesia. All parties involved stated their commitment to continue cooperating in designing and implementing this cooperation, with the hope of soon realizing a more efficient, transparent, and trusted commodity auction market for market players in Indonesia.

Directorate General of Taxes Holds FGD with PT KPBN to Improve Understanding of Taxes in the Oil Palm Industry Sector

27

Feb

Directorate General of Taxes Holds FGD with PT KPBN to Improve Understanding of Taxes in the Oil Palm Industry Sector

On the occasion, PT KPBN, represented by Head of Bursar and Business Development Division, Andrial Saputra, provided in-depth insights of business [...]

Directorate General of Taxes Holds FGD with PT KPBN to Improve Understanding of Taxes in the Oil Palm Industry Sector. On the occasion, PT KPBN, represented by Head of Bursar and Business Development Division, Andrial Saputra, provided in-depth insights of business processes, licensing, to price formation in the Indonesian palm oil industry. The event which was attended by approximately 40 participants coming from tax examiners throughout Indonesia was aimed at providing practical insights and understandings that would be beneficial in their tax examination duties in the field.The palm oil industry is one of the important sectors in Indonesia’s economy, as it is not only a source of export income but also a significant source of employment.  However, the complexity within business processes and price formation often presents challenges for tax collection and examination. Through this FGD, the Directorate General of Taxes hopes to increase the competence of tax examiners in identifying potential tax revenue and overcoming challenges present within the palm oil industry.This FGD is expected not only to enhance understanding of palm oil industry sector but also assist in developing more relevant and effective training materials and references. This is a positive step in ensuring tax fairness and compliance within this critical economic sector, while simultaneously supporting Indonesia’s sustainable economic growth.

Establishment of a Trading Room by PT KPBN

21

Feb

Establishment of a Trading Room by PT KPBN

The trading room is expected to become the center of efficient and effective trading activities to support INL's palm oil product sales. The [...]

Establishment of a Trading Room by PT KPBN. The trading room is expected to become the center of efficient and effective trading activities to support INL's palm oil product sales. The collaboration between PT KPBN, Holding Perkebunan Nusantara, PalmCo, and INL in establishing this trading room is perceived as a strategic step to improve performance and efficiency in palm oil sales management.In the meeting, the participants discussed various aspects related to the establishment of the trading room, including the necessary technological infrastructure, transaction processes, risk management, and integration with existing systems at PT KPBN. In addition, discussions were also held on the governance and regulations that need to be implemented to maintain transparency and security in trading activities.The meeting to establish a trading room demonstrates the commitment of PT KPBN and its partners to continue innovating and improving performance in facing increasingly complex market dynamics. With an integrated trading room in place, PT KPBN is expected to strengthen its position as one of the key players in the palm oil product marketing industry in Indonesia.

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