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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
After being heavily condemned by mining companies, the recently issued ban on mineral exports (ILD No. 343)is now being further criticized, surprisingly, by Bank Indonesia (BI).
Doddy Zulverdi, Executive Director of the Monetary Economic Policies Department at BI says that the ban has had economic implications for regions that are heavily reliant on the export of minerals to support their local economy.
“This is particularly the case for regions that are major exporters of minerals,” stated Doddy in Jakarta on Tuesday.
He argues that the export ban on raw minerals has deterred economic development in certain regions, mostly in the eastern part of Indonesia, including Papua, Sulawesi, Maluku and Kalimantan.
“The impact of implementing the mineral export policy could in the short-term decrease the exports of a few regions in KTI (Eastern Indonesia),” says Doddy.
Doddy further explained that the slowdown is being caused by local companies trying to adapt to the raw minerals export ban. To comply with and adjust to the changes, these companies need time to construct smelter facilities as part of the raw mineral export ban policy.
These conditions are contributing to snail-like development in certain economic regions in eastern Indonesia. BI predicts that the economic growth of eastern Indonesia in 2014 will range from 4.5 to 5 percent. This is lower than the targeted national economic growth for 2014, which is 5.8 to 6.2 percent.
“They need to adapt with exporting parties exiting and the construction of smelters. In the early stages, mineral growth will be slower,” explained Doddy.
However, Jero Wacik, Minister of Energy and Mineral Resources, asserts that the export duties regime as part of the raw mineral export ban framework will not inflict losses to businesses. His argument is based on the expected higher sales value of processed and purified minerals.
“Materials that are exported have much higher prices. An imposition of export duties should not cause losses,” stated Jero in Jakarta last month.
The Minister said that the main purpose of the raw mineral export ban is to compel mining companies to domestically purify the minerals they extract. One possible means of doing so is by constructing a smelting facility.
“If companies want to construct smelters, this matter will conclude,” is the view of the Minister.
(hot/kc)
After being heavily condemned by mining companies, the recently issued ban on mineral exports (ILD No. 343)is now being further criticized, surprisingly, by Bank Indonesia (BI).
Doddy Zulverdi, Executive Director of the Monetary Economic Policies Department at BI says that the ban has had economic implications for regions that are heavily reliant on the export of minerals to support their local economy.
“This is particularly the case for regions that are major exporters of minerals,” stated Doddy in Jakarta on Tuesday.
He argues that the export ban on raw minerals has deterred economic development in certain regions, mostly in the eastern part of Indonesia, including Papua, Sulawesi, Maluku and Kalimantan.
“The impact of implementing the mineral export policy could in the short-term decrease the exports of a few regions in KTI (Eastern Indonesia),” says Doddy.
Doddy further explained that the slowdown is being caused by local companies trying to adapt to the raw minerals export ban. To comply with and adjust to the changes, these companies need time to construct smelter facilities as part of the raw mineral export ban policy.
These conditions are contributing to snail-like development in certain economic regions in eastern Indonesia. BI predicts that the economic growth of eastern Indonesia in 2014 will range from 4.5 to 5 percent. This is lower than the targeted national economic growth for 2014, which is 5.8 to 6.2 percent.
“They need to adapt with exporting parties exiting and the construction of smelters. In the early stages, mineral growth will be slower,” explained Doddy.
However, Jero Wacik, Minister of Energy and Mineral Resources, asserts that the export duties regime as part of the raw mineral export ban framework will not inflict losses to businesses. His argument is based on the expected higher sales value of processed and purified minerals.
“Materials that are exported have much higher prices. An imposition of export duties should not cause losses,” stated Jero in Jakarta last month.
The Minister said that the main purpose of the raw mineral export ban is to compel mining companies to domestically purify the minerals they extract. One possible means of doing so is by constructing a smelting facility.
“If companies want to construct smelters, this matter will conclude,” is the view of the Minister.
(hot/kc)
Fathan Qorib, Andin Aditya Rahman
After being heavily condemned by mining companies, the recently issued ban on mineral exports (ILD No. 343)is now being further criticized, surprisingly, by Bank Indonesia (BI).
Doddy Zulverdi, Executive Director of the Monetary Economic Policies Department at BI says that the ban has had economic implications for regions that are heavily reliant on the export of minerals to support their local economy.
“This is particularly the case for regions that are major exporters of minerals,” stated Doddy in Jakarta on Tuesday.
He argues that the export ban on raw minerals has deterred economic development in certain regions, mostly in the eastern part of Indonesia, including Papua, Sulawesi, Maluku and Kalimantan.
“The impact of implementing the mineral export policy could in the short-term decrease the exports of a few regions in KTI (Eastern Indonesia),” says Doddy.
Doddy further explained that the slowdown is being caused by local companies trying to adapt to the raw minerals export ban. To comply with and adjust to the changes, these companies need time to construct smelter facilities as part of the raw mineral export ban policy.
These conditions are contributing to snail-like development in certain economic regions in eastern Indonesia. BI predicts that the economic growth of eastern Indonesia in 2014 will range from 4.5 to 5 percent. This is lower than the targeted national economic growth for 2014, which is 5.8 to 6.2 percent.
“They need to adapt with exporting parties exiting and the construction of smelters. In the early stages, mineral growth will be slower,” explained Doddy.
However, Jero Wacik, Minister of Energy and Mineral Resources, asserts that the export duties regime as part of the raw mineral export ban framework will not inflict losses to businesses. His argument is based on the expected higher sales value of processed and purified minerals.
“Materials that are exported have much higher prices. An imposition of export duties should not cause losses,” stated Jero in Jakarta last month.
The Minister said that the main purpose of the raw mineral export ban is to compel mining companies to domestically purify the minerals they extract. One possible means of doing so is by constructing a smelting facility.
“If companies want to construct smelters, this matter will conclude,” is the view of the Minister.
(hot/kc)
After being heavily condemned by mining companies, the recently issued ban on mineral exports (ILD No. 343)is now being further criticized, surprisingly, by Bank Indonesia (BI).
Doddy Zulverdi, Executive Director of the Monetary Economic Policies Department at BI says that the ban has had economic implications for regions that are heavily reliant on the export of minerals to support their local economy.
“This is particularly the case for regions that are major exporters of minerals,” stated Doddy in Jakarta on Tuesday.
He argues that the export ban on raw minerals has deterred economic development in certain regions, mostly in the eastern part of Indonesia, including Papua, Sulawesi, Maluku and Kalimantan.
“The impact of implementing the mineral export policy could in the short-term decrease the exports of a few regions in KTI (Eastern Indonesia),” says Doddy.
Doddy further explained that the slowdown is being caused by local companies trying to adapt to the raw minerals export ban. To comply with and adjust to the changes, these companies need time to construct smelter facilities as part of the raw mineral export ban policy.
These conditions are contributing to snail-like development in certain economic regions in eastern Indonesia. BI predicts that the economic growth of eastern Indonesia in 2014 will range from 4.5 to 5 percent. This is lower than the targeted national economic growth for 2014, which is 5.8 to 6.2 percent.
“They need to adapt with exporting parties exiting and the construction of smelters. In the early stages, mineral growth will be slower,” explained Doddy.
However, Jero Wacik, Minister of Energy and Mineral Resources, asserts that the export duties regime as part of the raw mineral export ban framework will not inflict losses to businesses. His argument is based on the expected higher sales value of processed and purified minerals.
“Materials that are exported have much higher prices. An imposition of export duties should not cause losses,” stated Jero in Jakarta last month.
The Minister said that the main purpose of the raw mineral export ban is to compel mining companies to domestically purify the minerals they extract. One possible means of doing so is by constructing a smelting facility.
“If companies want to construct smelters, this matter will conclude,” is the view of the Minister.
(hot/kc)