The province of East Kalimantan continues to grow after the government decided to make the area a candidate for the new state capital in August 2019.

The plan certainly has a positive impact on the potential that exists in the City of Balikpapan, East Kalimantan. Seeing the great business prospects and future migration, Sinar Mas Land through one of its townships in Balikpapan, namely Grand City Balikpapan, launched the Cheville landed house product. This is the fifth residential cluster in Grand City Balikpapan after Forestville, Pineville, Hyland, and Hayfield. East Indonesia CEO Franky Najoan believes this cluster will be in demand even in the midst of a pandemic because there are several future economic developments such as the construction of the new national capital in East Kalimantan.

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In the board of governors (RDG) meeting yesterday, Bank Indonesia (BI) decided to maintain the benchmark interest rate of the BI 7-Day Reverse Repo Rate at 3.5%,

and remains committed to being a standby buyer in the primary market for Government Securities (SBN). In fact, the central bank of the United States (US) The Fed is ready to tighten policy in line with increasing concerns about the inflation rate. This was done by stopping the purchase of government bonds and raising the benchmark interest rate. However, according to BI Governor Perry Warjiyo, the Fed is still accommodative and thinks it is too early to reduce monetary policy stimulus or taper. “We see the Fed's tapering will not happen this year. We will monitor it from time to time if there are new indicators that drive change," Perry said the positive developments in global financial markets will have an impact on increasing foreign capital inflows to developing countries, including Indonesia, and also strengthen currencies in various countries. . According to him, the high inflation rate in the US is temporary. Fundamental inflationary pressures are predicted to occur next year and 2023. In addition, the unemployment rate in the US is still quite high. In line with that, Perry gave a strong signal to reduce the purchase of SBN in the primary market or tapering off at the beginning of next year. Most likely BI's position will be ahead of the curve or ahead of the tapering conducted by the Fed.

|•SOURCE•| Image :SUARA |

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Indonesia has a wealth of used cooking oil or used cooking oil which is quite abundant.

Unfortunately, used cooking oil has not been used properly in the country. Executive Director of the Association of Indonesian Vegetable Oil Industries (Gimni) Sahat Sinaga said, based on GIMNI estimates, the amount of used cooking oil in Indonesia currently ranges from 18 to 22 percent of the total consumption of ordinary cooking oil. So, if the use of ordinary cooking oil is around 5.8 million tons per year, the volume of used cooking oil is around 1.1 million tons per year. There are various sources of used cooking oil. Some of them are used for household use, hotels, restaurants, roadside stalls, to factories. Many people in Indonesia clean used cooking oil which is a mixture of black and brown until it becomes clear. Unfortunately, not a few parties return used cooking oil to retail traders and traditional markets to resell it to the public. Understandably, the consumption of cooking oil in Indonesia is quite high, especially for many people who like to eat fried foods. "This oil is used by roadside food traders and households," added Sahat,

|•SOURCE•| Image :HELLO SEHAT |

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The non-governmental organization Kehati Foundation stated that 1.8 million hectares of oil palm plantations in forest areas throughout Indonesia do not have permits.

Director of the Sustainable Palm Oil Program at the Kehati Foundation, Irgan Bakhtiar, said that as of 2020, his party recorded a total of 3.4 million hectares of oil palm plantations located in forest areas. Of this amount, 1.6 million hectares are owned by large corporations and have permits obtained from the Ministry of Environment and Forestry (KLHK). "1.8 million [hectare] do not have any rights (unlicensed), cannot apply for release," said Bakhtiar in a hearing before Commission IV in the DPR/MPR complex. small corporations or individuals who do not have the resources, skills or education to apply for a plantation permit for their business.. "They have no power, just waiting to be evicted, whether to be arrested, to be rewarded with land release, to be processed by social forestry, or it could be there is an administrative fine," he added.

|•SOURCE•| Image :SWA |

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Chairman of the Central Executive Board of the Indonesian Motorcycle Association (PP IMI)

as well as Chairman of the Indonesian People's Consultative Assembly, Bambang Soesatyo, collaborated with PT Sinar Mas to cooperate with the safety of IMI members. The Head of PP IMI, Bambang Soesatyo, together with the Director of PT Asuransi Sinar Mas, Marten Lalamentik signed a collaboration between IMI and PT Sinar Mas. PT Asuransi Sinar Mas will provide compensation to owners of IMI membership cards (KTA) if they have a disability accident for acceleration accidents, reimbursement of hospital costs, treatment for traffic accidents and accidents when participating in competitions on the circuit. "IMI realizes that not all members can meet the needs of personal accident insurance. So IMI makes it easier by collaborating with PT. Asuransi Sinar Mar," said Bamsoet after signing the cooperation between IMI and PT Asuransi Sinar Mas. The signing of this collaboration was also attended by several officials from PT Asuransi Sinar Mas, namely Corporate Affairs Division Head, I Made Yoga Mahardika, Commercial Lines Division Head, Konstantunus S. Tarung, and Senior Marketing Manager, Ayub Anggadinata.

|•SOURCE•| Image :KOMPAS |

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Based on data from the Indonesia Stock Exchange (IDX) and information on the official website of each company, as many as 13 insurance issuers have published their financial statements for the first quarter of 2021.

Meanwhile, the total insurance issuers reached 15 companies consisting of 13 general insurance, one conventional life insurance, one sharia life insurance, and one reinsurance. From all published reports, Bisnis noted that there were nine issuers that recorded premium growth during the first quarter of 2021. PT Asuransi Jiwa Sinarmas MSIG Tbk. (LIFE) received the highest premium of Rp. 1.2 trillion, while recording the highest growth, namely 93.8% (year-on-year/yoy) from the previous Rp. 628.8 billion. PT Pemeringkat Efek Indonesia (Pefindo) analysts Hasnalia Hanifah and Danan Dito assess that the Covid-19 pandemic has had a moderate impact on the acceptance of new business in the insurance and reinsurance industry. Weaker macroeconomic conditions and slower top-line growth have lowered the underwriting performance of the industry. Nevertheless, Pefindo hopes that the insurance and reinsurance industry can maintain a sufficient buffer on solvency provisions, with adequate industry liquidity.

|•SOURCE•| Image :IDX CHANNEL |

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