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Industry ministry updating rules to support new normal
The Ministry of Industry is continuing to update regulations that can help the industrial sector prepare for the new normal, which is among the measures anticipated to mitigate the impact of the coronavirus pandemic. Policies and targets will need to be readjusted in the current situation, especially those related to the manufacturing sector, which is experiencing immense pressure. “The new normal would need us to recalculate, well, the targets that were previously planned," Minister of Industry, Agus Gumiwang Kartasasmita, said in a statement released on Thursday in Jakarta. According to the minister, the new normal in the manufacturing industry can affect aspects ranging from productivity to competitiveness. One of the targets that will be recalibrated involves imports. An import reduction of up to 35 percent was initially projected to be achieved by the end of 2021.
arisona permadi
June 2nd, 2020
Government agrees to ban advertising of tobacco products
The German government has agreed to ban the advertising of tobacco products in the streets, according to a draft law released last Thursday. Germany is the only EU country that still allows tobacco products to be advertised at the cinema and on street posters. Germany’s stance on tobacco advertising
arisona permadi
May 27th, 2020
Critical for tobacco farmers to comply with production legislation
THIS year’s tobacco marketing season opened on April 29 following the coronavirus outbreak, which disrupted every aspect of people’s lives. Traditionally, the season starts mid-March or even earlier.Farmers trading their crop are doing so guided by numerous preventive measures put in place by Government to contain the spread of the virus. For now, we can just wish the farmers a fruitful selling season without the usual price ceilings and payment challenges.This week we look at what farmers are expected to do back home to ensure they have a continued dance with the highly lucrative crop way into the future. There are legislations they have to follow religiously to prevent the spread of diseases that can ruin the crop. Tobacco farmers, especially from the small-scale category who account for the largest tobacco output, must heed legislated tobacco planting procedures and stalk destruction dates to avoid the outbreak of PVY diseases. Large-scale farmers usually have mechanised implements to carry out the exercise.
arisona permadi
May 20th, 2020
Alcohol and tobacco ban hurting Pick n Pay as it counts the cost of Covid-19
Retailer Pick n Pay says that its financial position has been impacted by South Africa’s lockdown measures – but with so much uncertainty right now, it has no way to predict how its FY21 results will be hit.The group has published its financial results for the full year ending 1 March 2020, showing a 4.7% increase in trading revenue on from the 52-week period ending February 2020.This turnover jumped to R89.2 billion for the year (2019: R85.2 billion), with trading profit up 8% to R3.15 billion (2019: R2.92 billion). Profit before tax was at R1.87 billion (2019: R1.76 billion). Despite these gains, profit after tax declined by 11.5%, the group said, to R1.195 billion, from R1.35 billion the year before.This resulted in a slight decline (-0.6%) in diluted headline earnings per share to 278.81 cents, from 280.60 cents before.
arisona permadi
May 13th, 2020
Indonesia to issue larger tax breaks to cover 11 more sectors
Indonesia will issue larger tax breaks to cover 11 business sectors similar to the incentives given to manufacturing industries to help companies weather the economic impacts of the COVID-19 pandemic. The 11 sectors are food, trade, electricity, oil and gas, mining and coal, forestry, tourism and the creative economy, telecommunications, logistics, transportation and construction, Finance Minister Sri Mulyani Indrawati said. She added that the incentives would be in the form of individual income tax exemptions, import tax deferrals and 30 percent corporate tax discounts. The tax incentives would be covered in the fourth stimulus package that the government is currently finalizing.
arisona permadi
May 8th, 2020
Tobacco ban will likely destroy lives
As alcohol and tobacco alliances consider legal action to have the ban on what is considered “sin substances” lifted during the lockdown, experts are divided on whether there is more benefit than economic loss.
arisona permadi
April 22nd, 2020
News
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Industry ministry updating rules to support new normal
June 2nd, 2020
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Government agrees to ban advertising of tobacco products
May 27th, 2020
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Critical for tobacco farmers to comply with production legislation
May 20th, 2020
