Perum Bulog Explores Bank Loan Option

Bulog Public Corporation (Perum Bulog) is exploring the possibility of securing a bank loan to finance the import of 1.5 million tons of rice from China, driven by reduced production due to the impact of the El Nino phenomenon.

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6 Okt 2023 - 18.37
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Perum Bulog Explores Bank Loan Option

President Director of Perum Bulog Budi Waseso together with Bapanas and Aprindo at Hypermart Puri Indah, West Jakarta, Wednesday (8/2/2023).

Bisnis, JAKARTA — Bulog Public Corporation (Perum Bulog) is exploring the possibility of securing a bank loan to finance the import of 1.5 million tons of rice from China, driven by reduced production due to the impact of the El Nino phenomenon.

Head of the Public Relations and Institutional Division at Perum Bulog Tomi Wijaya mentioned that the loan option follows the same scheme used to meet the domestic government food reserves (CPP) in compliance with government regulations.

The Ministry of Finance has established a loan scheme with interest incentives to support the compliance of domestic CPP. This scheme is outlined in Minister of Finance Regulation (PMK) No. 93/2023, which was signed by Minister of Finance Sri Mulyani Indrawati on September 15, 2023.

Perum Bulog is actively exploring the possibility of rice imports, including the option of importing from China, especially if additional quotas are required by the end of the year. However, the specific costs associated with importing rice from China have not been disclosed at this time.

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Editor: Fatkhul Maskur
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Perum Bulog Explores Bank Loan Option

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