Sign up | Log in



Home  >>   Daily News  >>   indonesia  >>Agriculture  >> Rajawali may seek Rp 1.8 trillion for new plant
NEW UPDATES Asean Affairs    26 January 2015  

Rajawali may seek Rp 1.8 trillion for new plant

State-owned agribusiness firm PT Rajawali Nusantara Indonesia (RNI) is mulling over the possibility of seeking Rp 1.8 trillion (US$143.9 million) from external funds to finance the construction of a new sugar plant, which is expected to boost its output.

RNI president director Ismed Hasan Putro said that his firm would review the possibility of loans to build a new refined sugar plant this year.

“We hope that we can commence the groundbreaking for the plant in May or June this year,” he told The Jakarta Post without confirming whether the loans had been secured.

The new plant is planned to have a total production capacity of 6,000 tons of refined sugar per day, thus substituting for three of its existing sugar plants.

RNI, which was forecast to suffer Rp 300 billion in losses because of the importation of refined sugar last year, would carry out a number of efficiency efforts, Ismed said.

The firm planned to shut down one of its sugar plants this year, another next year and a third in 2017, he added.

RNI, which operates diversified businesses ranging from sugar to minimarts, had previously stated that a huge volume of refined sugar imported into the country last year put pressure on all of Indonesia’s sugar producers.

Ismed told reporters that of the 52 sugar plants owned by state-owned enterprises (SOEs), only 32 were in full operation last year.

“I estimate that all sugar plants in the country suffered around Rp 1 trillion in losses last year, with many state-run sugar producers paying their employees with sugar, not money,” he said.

RNI hoped that it could overcome its current predicament by getting stimulus or capital injections (PMN) from the government this year, he added.

The State-Owned Enterprises Ministry has proposed that the House of Representatives approve its plant to provide Rp 280 billion in stimulus for RNI, in addition to another Rp 47.7 trillion for 34 other SOEs.

“We are optimistic that we can earn around Rp 500 billion in profits in 2019 if we get the stimulus funds,” Ismed said.

RNI would use the injected capital, if approved, to repair irrigation systems on its sugarcane plantations in Subang and Majalengka, both in West Java.

“We haven’t planted our fields in either area for dozens of years because their current irrigation systems solely rely on rain water,” he said.

With new irrigation systems, RNI would be able to plant sugarcane in both areas even during dry seasons, he added.

Besides upgrading the irrigation systems, the firm would also use the PMN funds to develop superior seeds as well as to develop its human resources, Ismed said.

The firm, which held total assets worth Rp 7.4 trillion in 2013, was rated BBB for its financial health that year. During the same year, the firm pocketed only Rp 33.2 billion in net profits while it had liabilities amounting to Rp 5.9 trillion. - See more at:

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 26, 2015 Subsribe Now !
• Property sector to rebound 10% this year Subcribe: Asean Affairs Global Magazine
• Rajawali may seek Rp 1.8 trillion for new plant
• SME Bank provides RM100 million under 'SME Go' programme
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• LECB stimulus fresh breeze for Indonesia , SME Bank 
• Viettel conference links telecoms
Asean Analysis                    January 23, 2015

• Asean Analysis January 23, 2015
Najib’s Political Battles Pose a Challenge to his Foreign Policy Agenda
Advertise Your Brand

Asean Stock Watch    January  23,  2015
• Asean Stock Watch-January 23 , 2015
The Biweekly Update
• The Biweekly Update  January 23, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand