{"id":19537,"date":"2020-12-03T11:04:00","date_gmt":"2020-12-03T04:04:00","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=19537"},"modified":"2020-12-03T11:04:00","modified_gmt":"2020-12-03T04:04:00","slug":"economy-agribusiness-sector-becomes-savior-during-crisis","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/","title":{"rendered":"Economy: Agribusiness Sector Becomes Savior During Crisis"},"content":{"rendered":"

\"\"<\/p>\n

Press Release<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

IPOC 2020 NEW NORMAL<\/strong>
\nEconomy: Agribusiness sector becomes savior during crisis<\/strong><\/p>\n

<\/p>\n

JAKARTA \u2013 The Indonesian economy will still be haunted by uncertainty next year. But the government policy that only applies partial restriction has saved the economy from recession threat.<\/p>\n

Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent. \u201cThe contraction is seen still normal if compared to other countries like Malaysia and the Philippines which respectively saw a minus growth of 6.4% and 10%,\u201d Dr Chatib Basri, an economist of the University of Indonesia (UI) said during the IPOC (Indonesian Palm Oil Conference) 2020 New Normal which was organized virtually on Wednesday (2\/12).<\/p>\n

\"\"<\/a><\/p>\n

Chatid Basri predicted that in 2021 investors will still hold their investments due to two reasons. First, the government\u2019s capability in controlling the Covid-19 pandemic and in implementing the health protocol. Second, the local demand and exports are predicted to be still very weak.<\/p>\n

\u201cDue to the Covid-19 pandemic, the private sector cannot operate normally, so that the economy cannot reach its full capacity. Then the economy will not fully recover next year and it is only expected to return to normal condition in 2022,\u201d said Chatib Basri.<\/p>\n

Chatib said that in the near future it will be difficult for several industries to reach breakeven points, especially those businesses that rely on consumers\u2019 in-person experiences, such as hotels.<\/p>\n

\u201cIndonesian exports are very dependent on China, while China relies on Europe. The European economy will not be recovering sooner than 2022. So, the domestic market should be strengthened to support Indonesian economy,\u201d Chatib asserted.<\/p>\n

During the same occasion, professor of agriculture economy at the University of Lampung, Prof Dr Bustanul Arifin said that despite economic recession, there have been several sectors that saw positive growth.\u00a0 Among them are the agriculture sector, which saw a growth of 2.15 percent during the third quarter 2020, water suppliers at 6.04 percent, communication at 10.83 percent and financial services at 1.05 percent.<\/p>\n

\u201cThe COVID-19 pandemic has also triggered a short term rural phenomenon as city workers return to villages and work in agriculture,\u201d said Bustanul.<\/p>\n

He said that policy change is the key factor in reviving the economy. The agricultural sector is believed to become a buffer line in facing the threat of economic recession by supporting the farmers.<\/p>\n

\u201cIf we talk about the agriculture sector, then we have to realize that its main pillar is the palm oil industry. But the palm oil industry is still facing the uncertainty of export market and the mandatory program of B-30 has saved the palm oil industry,\u201d he said. (*)<\/p>\n

Jakarta, 2 December 2020<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

For further information, please contact:<\/em><\/p>\n

Tofan Mahdi<\/strong>
\nHead of Communication Division of IPOC 2020<\/strong>
\nMail:\u00a0tofan.mahdi@gmail.com<\/a><\/strong>
\nWebsite:\u00a0www.gapkiconference.org<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Press Release Indonesian Palm Oil Association (IPOA) IPOC 2020 NEW NORMAL Economy: Agribusiness sector becomes savior during crisis<\/p>\n","protected":false},"author":1,"featured_media":19538,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","footnotes":""},"categories":[3710,3713,3708],"tags":[],"class_list":["post-19537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-press-release","category-publication"],"yoast_head":"\nEconomy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"og:description\" content=\"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T04:04:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"971\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25\"},\"headline\":\"Economy: Agribusiness Sector Becomes Savior During Crisis\",\"datePublished\":\"2020-12-03T04:04:00+00:00\",\"dateModified\":\"2020-12-03T04:04:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\"},\"wordCount\":466,\"publisher\":{\"@id\":\"https:\/\/gapki.id\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg\",\"articleSection\":[\"Info & Activity\",\"Press Release\",\"Publication\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\",\"url\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\",\"name\":\"Economy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\",\"isPartOf\":{\"@id\":\"https:\/\/gapki.id\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg\",\"datePublished\":\"2020-12-03T04:04:00+00:00\",\"dateModified\":\"2020-12-03T04:04:00+00:00\",\"description\":\"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage\",\"url\":\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg\",\"contentUrl\":\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg\",\"width\":971,\"height\":534},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gapki.id\/en\/#website\",\"url\":\"https:\/\/gapki.id\/en\/\",\"name\":\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\",\"description\":\"Indonesian Palm Oil Association (IPOA)\",\"publisher\":{\"@id\":\"https:\/\/gapki.id\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gapki.id\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/gapki.id\/en\/#organization\",\"name\":\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\",\"url\":\"https:\/\/gapki.id\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/10\/LOGO_GAPKI_TRANS-P.png?fit=979%2C826&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/10\/LOGO_GAPKI_TRANS-P.png?fit=979%2C826&ssl=1\",\"width\":979,\"height\":826,\"caption\":\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25\",\"name\":\"admin\",\"sameAs\":[\"https:\/\/gapki.id\/en\/\"],\"url\":\"https:\/\/gapki.id\/en\/news\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","description":"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/","og_locale":"en_US","og_type":"article","og_title":"Economy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","og_description":"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..","og_url":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/","og_site_name":"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","article_published_time":"2020-12-03T04:04:00+00:00","og_image":[{"width":971,"height":534,"url":"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#article","isPartOf":{"@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/"},"author":{"name":"admin","@id":"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25"},"headline":"Economy: Agribusiness Sector Becomes Savior During Crisis","datePublished":"2020-12-03T04:04:00+00:00","dateModified":"2020-12-03T04:04:00+00:00","mainEntityOfPage":{"@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/"},"wordCount":466,"publisher":{"@id":"https:\/\/gapki.id\/en\/#organization"},"image":{"@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage"},"thumbnailUrl":"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg","articleSection":["Info & Activity","Press Release","Publication"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/","url":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/","name":"Economy: Agribusiness Sector Becomes Savior During Crisis - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","isPartOf":{"@id":"https:\/\/gapki.id\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage"},"image":{"@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage"},"thumbnailUrl":"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg","datePublished":"2020-12-03T04:04:00+00:00","dateModified":"2020-12-03T04:04:00+00:00","description":"Based on data from the International Monetary Fund (IMF), the Indonesian economy in 2020 saw a contraction of (minus) 1.5 \u2013 3.3 percent..","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gapki.id\/en\/news\/2020\/12\/03\/economy-agribusiness-sector-becomes-savior-during-crisis\/#primaryimage","url":"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg","contentUrl":"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/cpo_smallholder_asianagri.com_.jpg","width":971,"height":534},{"@type":"WebSite","@id":"https:\/\/gapki.id\/en\/#website","url":"https:\/\/gapki.id\/en\/","name":"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","description":"Indonesian Palm Oil Association (IPOA)","publisher":{"@id":"https:\/\/gapki.id\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gapki.id\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/gapki.id\/en\/#organization","name":"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)","url":"https:\/\/gapki.id\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gapki.id\/en\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/10\/LOGO_GAPKI_TRANS-P.png?fit=979%2C826&ssl=1","contentUrl":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/10\/LOGO_GAPKI_TRANS-P.png?fit=979%2C826&ssl=1","width":979,"height":826,"caption":"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)"},"image":{"@id":"https:\/\/gapki.id\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25","name":"admin","sameAs":["https:\/\/gapki.id\/en\/"],"url":"https:\/\/gapki.id\/en\/news\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/19537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=19537"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/19537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/19538"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=19537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=19537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=19537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}