BI develops cacao cluster in Mamuju

Translator

Editor

Jumat, 15 November 2013 14:00 WIB

TEMPO.CO, Makassar - Bank Indonesia (BI) representative in eastern Indonesia covering Sulawesi, Maluku and Papua will do pioneering work in developing cacao cluster in Mamuju, West Sulawesi.


The cluster is intended to serve as a pilot project under a program to make use of available potentials, the head of BI representative office for those areas, Suhaedi, said here on Friday.

Suhaedi, former head of BI in Manado, said the district administration and plantation service would carry out the plan.

"If the pilot project is feasible banks could be asked to provide the finance," he said.

He said he did not agree with perception that banks are reluctant to invest in the plantation sector.

Banks would be eager to provide credits for feasible business which is seriously implemented, he said.

If the pilot project could lead to massive movement in business, banks and the farmers would both gain, he said.

Sulawesi is the main cacao producing island of Indonesia, which is the third largest cacao producer in the world after the Ivory Coast and Ghana.

ANTARA | RAFIKA SOEGARDA

Related News

Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit

10 jam lalu

Sri Mulyani: Rupiah Weakens, Still Better Than Baht and Ringgit

Finance Minister Sri Mulyani Indrawati said the rupiah exchange rate depreciated by 2.89 percent year-to-date (ytd) in the first quarter of this year.

Read More

Jokowi Pushes for Agricultural Downstream to Stabilize Corn Prices

21 jam lalu

Jokowi Pushes for Agricultural Downstream to Stabilize Corn Prices

Jokowi is encouraging downstream to stabilize corn prices.

Read More

Modernizing Agriculture in Indonesia: FAO's Earth Observation Data Revolution

3 hari lalu

Modernizing Agriculture in Indonesia: FAO's Earth Observation Data Revolution

Modernizing Agriculture in Indonesia: FAO's Earth Observation Data Revolution

Read More

BRI Claims to Bag Permit for Alipay Collaboration

3 hari lalu

BRI Claims to Bag Permit for Alipay Collaboration

Bank Indonesia admitted to having yet to receive the application for a formal permit from Alipay.

Read More

BI Comments on Alipay Operating Plan in Indonesia

8 hari lalu

BI Comments on Alipay Operating Plan in Indonesia

Bank Indonesia (BI) responds to issues of fintech giant Ant Group's plan to operate its Alipay payment in Indonesia.

Read More

Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations

9 hari lalu

Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations

State-owned Bank Mandiri (IDX: BMRI) reacted well to Bank Indonesia's (BI) decision to raise its benchmark interest rate.

Read More

Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability

9 hari lalu

Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability

Bank Indonesia has finally raised its benchmark interest rate to 6.25 percent.

Read More

Bank Indonesia Ensures Rupiah Stability is Maintained

14 hari lalu

Bank Indonesia Ensures Rupiah Stability is Maintained

Bank Indonesia (BI) ensures rupiah stability in anticipation of the impacts of global uncertainty.

Read More

BI: Indonesia's External Debt Remains Under Control in February 2024

14 hari lalu

BI: Indonesia's External Debt Remains Under Control in February 2024

BI said Indonesia's external debt (ULN) in February 2024 remained under control, Antara reported.

Read More

Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid

24 hari lalu

Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid

Bank Indonesia (BI) recorded new money exchange volume reaching Rp1.13 trillion as of April 3, a week before Eid.

Read More