Raising Palm Oil Prices
In the beginning it was a dinner party at the Palace. On Thursday, March 12, President Joko "Jokowi" Widodo invited a number of palm oil entrepreneurs for an evening of Padang food. "It was a relaxed program. There was a buffet of food, but the theme of the night was serious," Managing Director of Sinar Mas Group, Gandi Sulistiyanto, related about the event on the phone last Wednesday.
Gandi accompanied his big boss, Franky Widjaja that evening. According to Gandi, the President focused discussions on the weakening rupiah. Collectively, the oil palm magnates represent Indonesia's largest non-oil and non-gas export foreign exchange earner. If the value of their exports was retained in-country, foreign exchange reserves could strengthen and keep the rupiah from slipping further.
April 7, 2015
In the beginning it was a dinner party at the Palace. On Thursday, March 12, President Joko "Jokowi" Widodo invited a number of palm oil entrepreneurs for an evening of Padang food. "It was a relaxed program. There was a buffet of food, but the theme of the night was serious," Managing Director of Sinar Mas Group, Gandi Sulistiyanto, related about the event on the phone last Wednesday.
Gandi accompanied his big boss, Franky Widjaja that evening. Accor
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