Momen bulan suci Ramadan dan Hari Raya Idul Fitri biasanya selalu menjadi salah satu pendorong pertumbuhan ekonomi nasional. Sebab sudah menjadi tradisi, saat bulan puasa dan lebaran masyarakat akan mengeluarkan uang lebih banyak dibandingkan hari biasanya, baik untuk memenuhi kebutuhan pangan, pakaian, hingga wisata.
Dan untuk memenuhi kebutuhan penukaran uang rupiah pada momen Ramadan dan Idul Fitri tahun ini, Bank Indonesia telah menyiapkan uang layak edar senilai Rp197,6 triliun. Jumlah yang disediakan tahun ini naik 4,65% dibandingkan realisasi tahun 2023 yang tercatat Rp188,8 triliun.
Dan untuk memenuhi kebutuhan penukaran uang rupiah pada momen Ramadan dan Idul Fitri tahun ini, Bank Indonesia telah menyiapkan uang layak edar senilai Rp197,6 triliun. Jumlah yang disediakan tahun ini naik 4,65% dibandingkan realisasi tahun 2023 yang tercatat Rp188,8 triliun.
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TVTranscript
00:00 [music]
00:08 [music]
00:24 [music]
00:29 Ramadan and Eid al-Fitr are usually one of the driving forces of the national economic growth.
00:35 It has become a tradition that people spend more money on Ramadan and Eid al-Fitr than on other days,
00:43 to meet their daily needs, such as food, clothing, and tourism.
00:47 To meet the currency exchange needs during Ramadan and Eid al-Fitr this year,
00:53 Bank Indonesia has prepared a round-the-clock fund of Rp197.6 trillion.
00:59 The amount provided is 4.65% higher than the realization of Rp188.8 trillion in 2023.
01:09 The financial needs during the month of fasting and Eid are based on the big-division currency of Rp172.8 trillion
01:17 and the small-division currency of Rp24.6 trillion.
01:23 Meanwhile, the Statistic Center's body based on historical data,
01:27 reminds that the potential is inflation during Ramadan and Eid al-Fitr.
01:31 The BPS notes that food commodities such as chicken rice, chicken rice eggs, and beef
01:37 provide the biggest inflation margin in the last three years.
01:42 But during Ramadan this time, rice in Wospadai became one of the commodities
01:46 that has the biggest profit in monthly inflation.
01:49 Jakarta Tim Liputan, IDX Channel.
01:52 Yes, the host to discuss our interesting topic today,
01:56 money circulation versus purchasing power during Ramadan,
01:59 we have been connected through Zoom with Professor Telisa Oluyavalyanti.
02:03 She is a major teacher at FEB, Indonesia University.
02:07 Good morning, Professor Telisa.
02:10 Good morning, Mas Ras. Good morning, ladies and gentlemen.
02:13 Yes, thank you too, Professor, for the time you have given.
02:16 It is very interesting to talk about Ramadan again.
02:19 First, what is your review of the profile of national economic activities
02:24 during the last three months of this year? Please.
02:28 Yes, so if we look at it, this is a cultural phenomenon in Indonesian society that is very unique.
02:35 So, this causes various seasonality in the variable economy,
02:41 both at the micro, industrial, and macro levels.
02:44 So, if we go to Saudi Arabia,
02:47 we are not as excited as in Indonesia.
02:50 Even in Malaysia,
02:53 but that is the culture of the Indonesian nation that can give positive blessings.
02:58 And this is always a basis for boosting economic growth,
03:03 whether it is in the quarter, because this holiday changes,
03:06 sometimes in the first quarter, sometimes in the second quarter.
03:08 So, the optimization of economic growth is very helpful
03:11 with economic activities related to holidays,
03:15 this great religion.
03:17 Because at that moment, there are patterns of consumption,
03:21 patterns related to currency, patterns related to the ability to buy the people,
03:27 then the demand for goods and services,
03:30 this momentum, so Indonesians are indeed the ones who use momentum a lot.
03:36 So, it means that a momentum is very influential
03:39 and it is then supported by existing policies,
03:42 such as the THR policy,
03:44 so it supports, if there is a holiday but there is no THR,
03:47 maybe there is no different economic activity.
03:52 So, it is very supported,
03:54 and this is something that repeats every year.
03:57 But it depends on how the condition,
04:01 the set of conditions in this momentum.
04:04 Maybe this year's holiday and the one yesterday, what is the difference?
04:07 Holiday during COVID and now there is no COVID, what is the difference?
04:10 So, the seasonality repeats but there is a slight difference,
04:14 maybe later when there are factors that will affect the event,
04:18 at the time of the holiday, what are the conditions or economic events related to it.
04:23 Okay, and for this year,
04:24 will the money circulation or money circulation in the market itself
04:28 also experience an increase or how?
04:31 Yes, the prediction will increase,
04:33 especially due to the 100% THR ASN,
04:37 if we already know the news,
04:39 because after the pandemic it was always not 100%,
04:43 only this time the last 100%.
04:45 So, this is of course what will differentiate,
04:47 what I said earlier, this actually repeats,
04:49 but the magnitude effect and uniqueness also depends on what moment is there.
04:54 This is what differentiates because the THR is given 100%.
04:58 So, 1 trillion, 99, so it's quite big and it increased compared to last year.
05:04 So, the possibility will also increase.
05:07 Okay, this is a talk about circulating money,
05:11 the circulation of our money in the community.
05:15 Bank Indonesia provides cash for Ramadan needs,
05:19 then this year's IDBUL FITRI there are 197.6 trillion,
05:23 and this is up 4.65% compared to last year which was recorded at 188.8 trillion.
05:31 Is this a sign that our economy is also finally,
05:35 the trend is continuing to rise, the better, like that, Prof?
05:39 Yes, hopefully like that,
05:41 because that was maybe BI has also anticipated
05:44 related to the THR that was given which increased.
05:48 Then, our community also maybe,
05:53 from the point of view of income, there is also a little improvement,
05:58 because if we look at the consumer confidence index
06:00 released by Bank Indonesia itself,
06:02 it shows that our IKK has optimism.
06:07 Then also the supply of social goods,
06:08 don't forget we know that lately it's very fast,
06:11 social goods too, so maybe there is still a chain effect.
06:15 With the help of the help of the election,
06:18 so there is still a circulation too,
06:21 so that's why it's predicted that the supply of social goods,
06:25 then together with the THR 100%,
06:27 after the election too, the multiplier effect will be higher.
06:32 Like that, so that's why higher money is prepared,
06:34 because it's already anticipated that the consumption of the community has improved,
06:39 and seen from the consumer confidence index
06:41 and the economic expectations index for the future,
06:43 it's expected to improve like that.
06:46 If we look at the business sector,
06:49 which immediately feels the impact of the blessings of Ramadan and Eid this time,
06:52 is it the same or is it wider?
06:55 Actually, it's almost the same,
06:58 especially the food and drink industry,
07:02 it's always, right?
07:03 Then the transportation industry,
07:05 maybe what's really different is also air transportation.
07:08 Now we are in, what is it,
07:10 the air transportation industry is really in a frenzy,
07:13 where there are a lot of new ships.
07:15 Okay, right.
07:16 Well, this is because COVID has really disappeared,
07:19 mobility movements are also,
07:21 usually the government facilitates by giving extended holidays,
07:25 which also causes people to spend more holidays,
07:29 and then it makes mobility higher,
07:33 and for this year, the demand for transportation,
07:35 especially air transportation,
07:37 is increasing,
07:39 especially with a lot of new ships.
07:42 So this is also what may be different,
07:45 we must also look at air transportation,
07:48 which will also be a flood of orders or demand,
07:51 besides the fishing industry.
07:54 Then the hotel and tourist sites,
07:56 so the public will also definitely travel with THR 100%,
08:00 maybe later the tourist sites will be more crowded,
08:03 so the demand for hotels and tourism,
08:07 with the increasing style of the millennial and gen Z generation,
08:12 their megatrend lifestyle,
08:14 this will also increase,
08:17 and of course the need for information and communication,
08:20 because with this holiday we still do activities related to communication,
08:25 that's for sure, the accommodation sector,
08:27 that's also definitely a positive impact.
08:29 Now, talking about the money circulation itself,
08:32 is this talking about the economy,
08:35 where the central is still in Java,
08:38 is it just enjoyed by the people in Java?
08:41 No, actually now there is a shift to Indonesia,
08:46 Central and East,
08:47 because the high growth is like in Morwali,
08:50 Central Sulawesi,
08:51 we know that in the Nikau area,
08:53 the hillarization of mining is very affected now,
08:57 and that's in East Indonesia.
08:59 So, besides in Java,
09:01 there are still quite a few drivers,
09:03 but there is also a shift to East Indonesia,
09:07 that the nickel areas have a lot of workers,
09:10 and that's in the IKN.
09:12 Now there are a lot of developments in the IKN,
09:14 the cultim is growing rapidly,
09:16 with the construction sector increasing,
09:18 the condition of the river and the water is increasing,
09:20 later on August 17, the plan to hold a ceremony there has been prepared,
09:24 infrastructure and so on,
09:25 there are also more and more developments there,
09:28 many who get land evictions too,
09:31 so the people get land evictions too.
09:34 The flow of money is getting higher there too,
09:37 so in East Indonesia it has been seen,
09:39 so I see it more evenly now,
09:41 not just in Java.
09:43 The impact is related to the end,
09:47 if we look at the movement in the area,
09:49 it's getting better,
09:50 how about the real income in the area itself?
09:53 Well, if PAAD is actually now,
09:58 if there is one example,
10:00 the entertainment tax is increasing,
10:02 because it has been implemented since 2024,
10:05 the harmonization law of the central and regional finance,
10:08 so the entertainment tax is increasing,
10:11 if the people are looking for entertainment,
10:13 it's a karaoke spa discotheque,
10:15 for example, many people gather at karaoke,
10:18 the tax is 40%,
10:20 the PAAD should be increasing,
10:22 so it should have a strong impact,
10:24 but earlier,
10:25 when the people were affected,
10:27 Bali also complained,
10:29 that if it can be imposed,
10:31 because from the PAAD side,
10:33 the impact is increasing,
10:35 but later the consumption will not reduce,
10:38 reduce the consumption of entertainment,
10:41 so it's not certain yet,
10:44 the PAAD is increasing,
10:46 so maybe the HKPD law
10:49 really needs to be evaluated,
10:51 whether it is imposed or not,
10:53 the mechanism so that it does not prevent
10:56 the economic growth in this area,
10:59 so the minister also ordered
11:01 to spend on local products.
11:04 That's it.
11:06 What's interesting,
11:07 if the circulation of money is increasing,
11:09 then it has started to even out
11:11 throughout Indonesia,
11:13 concerns from a number of parties,
11:15 if you can say that,
11:17 related to the ability to buy the people themselves,
11:19 how?
11:20 Professor Telisa sees whether it is really true,
11:22 there is stagnation there,
11:23 or tends to go down,
11:24 or actually just waiting for the moment
11:26 for them to shop, like that, Prof?
11:28 Yes, so maybe we can't measure it evenly,
11:34 so we have to look at it based on the income groups too,
11:37 so there is,
11:38 if in Indonesia's bank data,
11:40 there are 1-2 million, 2-3, 3-4, 4-5,
11:43 the top five,
11:44 so the one who tends to be a bit pessimistic,
11:47 is in the middle,
11:48 the sandwich generation class,
11:50 who do not get a bansus,
11:51 if you get a bansus, you are very optimistic,
11:53 that's the consumption,
11:54 so this THR is also expected to be able to support
11:57 the one in the middle who is less optimistic,
12:00 maybe the family,
12:01 so THR ASN, for example,
12:03 has a family,
12:04 the middle class,
12:05 who is pessimistic,
12:06 maybe they can share,
12:08 so it means more even again,
12:11 so that this impact can be more optimal again,
12:14 what else,
12:15 the key word earlier,
12:16 this must be for domestic products,
12:18 if it is used for foreign trade agreements,
12:20 the impact is not felt to the domestic economy,
12:22 so it will not increase the demand for domestic products,
12:24 so it's all flooding,
12:26 ASN, for example,
12:27 but then the private sector is also asked to comply with the THR rules,
12:32 if everything is in compliance,
12:33 then there is a demand for local products,
12:36 later the middle class as a trader,
12:39 they have business,
12:40 the MSMEs are helped,
12:41 so that later it will increase,
12:43 so if the stagnation problem is actually,
12:45 this is seasonality,
12:46 if THR is definitely not stagnant,
12:48 but after the THR,
12:50 I mean, after the momentum,
12:52 if it's Eid, it's definitely not stagnant,
12:54 but how long can this last to support our economy,
12:58 keep going,
12:59 the consumption increases,
13:01 this is seasonal,
13:02 what we want is not just during Eid,
13:05 then after that,
13:06 it's hard again,
13:08 or stagnant again,
13:09 how to maintain sustainability,
13:12 that was one of the local products,
13:14 then not all for consumption,
13:17 it can be for investment,
13:18 for example, to open a business,
13:20 THR is part of it,
13:21 for example, to help the business capitalization,
13:24 then the business can develop,
13:26 not just during Eid,
13:28 so the impact is longer,
13:31 if it's a product.
13:32 Prof. Terisa,
13:33 the next one, if we look at the challenges of food prices,
13:36 is this one of the concerns too,
13:38 we will discuss later in the next segment,
13:40 Prof. we will explain in a moment,
13:41 and viewers,
13:42 we will be back soon,
13:44 the next pariwara.
13:46 [Music]
13:53 You are still watching Market Review,
13:56 next, we will be back to give you data,
13:58 related to real estate in Indonesia,
14:01 which has been distributed by Bank Indonesia.
14:03 The complete data,
14:05 on the television screen,
14:06 compared to 2023 and 2024,
14:08 there is an increase of about 4.65%,
14:11 from 188 to 197 trillion,
14:15 in 2024,
14:17 real estate,
14:19 like EDAR,
14:20 which is prepared by Central Bank.
14:22 Next, for the need for real estate,
14:25 in 2024,
14:27 for Ramadan and Eid al-Fitr,
14:29 we see,
14:30 from the side of large dividend,
14:32 or UPB,
14:34 there is 172.8 trillion rupiah,
14:38 while the small dividend,
14:40 there is 24.6 trillion rupiah,
14:43 total, as mentioned,
14:45 there is 197.6 trillion rupiah.
14:49 We will continue the discussion,
14:52 with Professor Telisa Valianti,
14:54 a professor of economics and business,
14:57 at the University of Indonesia.
14:59 Prof. Telisa, we will continue,
15:01 if we talk about,
15:03 as you see,
15:04 in 2024,
15:06 the challenge you are worried about,
15:08 is after the Ramadan and Eid al-Fitr,
15:12 the inflation,
15:13 but how about the food price?
15:16 Do you see,
15:18 this is what makes,
15:20 maybe the middle class,
15:22 think twice,
15:23 in using the THR funds,
15:25 or the fresh funds,
15:26 that they have,
15:27 for Ramadan this year.
15:29 Yes, it is true,
15:31 that the people will be rational,
15:33 they also see,
15:35 that there is an expectation of price increase in the future,
15:38 and then the delay in the global economic growth.
15:40 Because we know,
15:41 the commodity price is starting to fall,
15:43 so the burden is increasing.
15:45 They are also worried,
15:46 later in June,
15:47 when the schoolchildren,
15:49 also need the money,
15:51 so because of the increase in various types of costs,
15:53 they may also be more wise in spending.
15:55 So maybe the spending is not 100%,
15:58 from the funds,
15:59 it will be allocated more evenly,
16:04 not only at the time of Eid,
16:06 if it is rational,
16:08 but if there is,
16:10 there are still irrational consumers,
16:12 but our society,
16:13 maybe mostly with Medsos,
16:15 maybe there are positive campaigns too,
16:17 that it should not all be spent.
16:20 And also,
16:21 don't forget there is a debt burden too,
16:23 so from the data,
16:25 shows that the burden of household debts,
16:27 it is also starting to increase,
16:29 because yesterday the flower market was also increasing,
16:31 and it also has to,
16:33 so maybe there is also a spend,
16:35 to pay the debt.
16:37 So not all for consumption,
16:39 like that,
16:40 so maybe allocated for saving,
16:42 to pay the debt,
16:44 but still,
16:45 because this is the momentum of Eid,
16:46 because it is already a culture,
16:47 there will still be.
16:48 If the food price itself,
16:50 that's why the government must really help,
16:52 to stabilize the food price,
16:53 to maintain availability,
16:54 because indeed,
16:55 many complain,
16:57 with the increase in the food price,
16:58 it becomes a burden for the community,
17:00 but indeed the community becomes more economical,
17:02 maybe,
17:03 so our society is quite smart,
17:05 so,
17:06 for example, if the price rises,
17:07 we become a little reduced,
17:08 or the size becomes smaller,
17:10 or something like that,
17:11 so there is an adjustment,
17:13 because humans are adaptive,
17:15 so when we are adaptive,
17:16 we adjust,
17:17 like that,
17:18 but still from the government,
17:19 actually the success of the current government,
17:21 from the last few years,
17:23 5 years, 10 years,
17:24 the last 5 years,
17:25 the leadership of this president,
17:26 to maintain the availability,
17:28 but in the last 5 years,
17:29 there was the El Nino phenomenon,
17:31 then maybe there is,
17:33 what is it,
17:34 various, multi-factor,
17:35 so the rice price,
17:36 for example,
17:37 will rise so high,
17:38 so,
17:39 it's really a big deal,
17:40 the price of chili,
17:41 now we know,
17:42 chili is one of the commodities,
17:43 that is booming during Eid,
17:45 because,
17:46 the Indonesian community,
17:47 indeed,
17:48 the demand is high,
17:49 for chili,
17:50 and also for fresh food,
17:51 because,
17:52 meat and everything,
17:54 that too,
17:55 must still be maintained,
17:56 so the team,
17:57 must still be maintained,
17:58 maybe also more often,
17:59 do market operations,
18:00 in the block,
18:01 and also maybe the health,
18:02 and also maybe the food,
18:03 market operations,
18:04 also become more often,
18:05 to help reduce the burden of the community,
18:07 so that if the community is lightened,
18:08 the economic impact is also maintained,
18:10 if it has been reduced by inflation,
18:12 the impact of,
18:13 the capital and THR,
18:15 will be reduced,
18:16 if the price goes up,
18:18 so that's why,
18:19 sequencing is also important,
18:21 so that it is more distributed,
18:22 not at one point,
18:23 because if one point,
18:24 demand and supply go up,
18:25 but the supply is not there,
18:26 the price will go up again,
18:28 so,
18:29 it must be maintained,
18:30 synchronization between demand and supply,
18:32 and timing,
18:33 so,
18:34 maybe it needs a campaign,
18:35 from the community,
18:37 or influencers,
18:38 that we don't have to be impatient to spend,
18:40 because if we are impatient,
18:41 then the price will go up,
18:43 so that's why it must be,
18:46 socialized to the community.
18:49 Okay, Prof,
18:50 then do we need a strategy,
18:51 from the government itself,
18:52 to optimize,
18:53 the circulating money,
18:54 in the community,
18:55 even the central bank,
18:56 the funds can also be absorbed,
18:58 by also maintaining,
19:00 the increase,
19:01 or the ability,
19:02 of the community to buy, too?
19:04 Yes,
19:05 the first one,
19:06 the strategy,
19:07 is to do direct market operations,
19:09 the nature,
19:10 direct to the community,
19:11 market,
19:12 or whatever,
19:13 it also helps a lot,
19:14 then the second,
19:15 maybe also use,
19:16 the company's CSR,
19:18 the companies themselves,
19:19 actually,
19:20 if there is a holiday program,
19:22 they like a lot of CSR too,
19:23 maybe the CSR,
19:24 must be,
19:25 not what,
19:26 not must,
19:27 but,
19:28 maybe directed to,
19:29 the local products,
19:30 and then help,
19:31 to the food,
19:32 to the food supply,
19:33 because actually,
19:34 there are all kinds,
19:35 there is free transportation,
19:36 maybe free food,
19:37 for the employees,
19:38 so that it also helps,
19:39 then from the budget,
19:40 actually,
19:41 the budget is two,
19:42 central and,
19:43 the area,
19:44 in the area itself,
19:45 maybe it can help,
19:46 to maintain,
19:47 the food price stability,
19:48 by itself,
19:49 with the market operations,
19:50 from the Pemda,
19:51 Pemda,
19:52 so,
19:53 it will also help,
19:54 to stability,
19:55 and then,
19:56 of course,
19:57 in coordination with,
19:58 Polri,
19:59 very strict,
20:00 related to,
20:01 don't let it happen,
20:02 mafia,
20:03 mafia,
20:04 food hoarding,
20:05 speculations,
20:06 food speculations,
20:07 usually many,
20:08 who benefit,
20:09 momentum,
20:10 with Polri,
20:11 must,
20:12 continue to do,
20:13 market operations,
20:14 to the Pemda,
20:15 means,
20:16 it is also,
20:17 continued to be tried,
20:18 so that,
20:19 yes,
20:20 nothing happens,
20:21 speculative things like that,
20:22 and maintain,
20:23 logistic,
20:24 usually,
20:25 shipping,
20:26 is disturbed,
20:27 often,
20:28 by the influence,
20:29 that's why,
20:30 the price,
20:31 is increasing,
20:32 it's a step,
20:33 maybe,
20:34 it must be ensured,
20:35 like during COVID,
20:36 logistic is still running,
20:37 this should be,
20:38 so,
20:39 there is a shift,
20:40 so,
20:41 it's not zero,
20:42 shipping,
20:43 must be ensured,
20:44 like that,
20:45 that's it,
20:46 some efforts,
20:47 must be,
20:48 observed by the government,
20:49 everything can run smoothly,
20:50 from the logistic side,
20:51 the movement of food prices,
20:52 especially in the market,
20:53 so,
20:54 it's an integrative,
20:55 not just,
20:56 choosing the king of money,
20:57 but,
20:58 in the past,
20:59 the supply chain,
21:00 must be,
21:01 sorted out.
21:02 What's interesting,
21:03 after the Ramadan and Eid,
21:04 after we discussed,
21:05 how about,
21:06 the potential,
21:07 the opportunity,
21:08 after Eid,
21:09 is it,
21:10 the consumption of the people,
21:11 or the culture of the people,
21:12 this will still continue,
21:13 until the end of the year?
21:14 Yes,
21:15 it depends,
21:16 from,
21:17 the programs,
21:18 that are being pushed,
21:19 by the government,
21:20 the week,
21:21 some programs,
21:22 that are being pushed,
21:23 by the government,
21:24 in the past,
21:25 in the last few years,
21:26 the government's expenditure,
21:27 is the infrastructure development,
21:28 the capital expenditure is high,
21:29 now,
21:30 there are more,
21:31 the expenditure of the IKN,
21:32 and the routine expenditure,
21:33 and the social expense,
21:34 so,
21:35 the hope is,
21:36 there are programs,
21:37 that provide stimulus,
21:38 and then,
21:39 can absorb the job market,
21:40 so,
21:41 for example,
21:42 programs like,
21:43 the construction of the mill,
21:44 so,
21:45 building the village road,
21:46 but,
21:47 using the village funds,
21:48 but also absorbing the workers,
21:49 so,
21:50 what is really needed,
21:51 is the job market,
21:52 the job market,
21:53 must be prepared,
21:54 so,
21:55 how the income,
21:56 can create the job market,
21:57 now,
21:58 this is the voters' pass,
21:59 the hope is,
22:00 if the voters are stable,
22:01 already elected,
22:02 or already agreed,
22:03 that there is no more,
22:04 disputes,
22:05 for example,
22:06 that this new government,
22:07 will be running soon,
22:08 what are the programs,
22:09 so,
22:10 the hope is,
22:11 the investment,
22:12 that is really,
22:13 absorbing the job market,
22:14 later,
22:15 if the job market is okay,
22:16 it can affect the purchasing power,
22:17 for the society,
22:18 so,
22:19 the society needs work,
22:20 to get the income,
22:21 in the past,
22:22 it was the commodity booming,
22:23 right?
22:24 now,
22:25 we,
22:26 the local economy,
22:27 the hope is,
22:28 because globally,
22:29 China is again,
22:30 we know the condition,
22:31 America itself,
22:32 is still moving backwards,
22:33 China,
22:34 some countries,
22:35 still,
22:36 Europe is still in a recession,
22:37 so,
22:38 it must be pushed,
22:39 from our local economy,
22:40 especially the US,
22:41 for example,
22:42 like that,
22:43 for what is needed,
22:44 but,
22:45 from the investment too,
22:46 for example,
22:47 how can we absorb,
22:48 the job market,
22:49 because,
22:50 the government is,
22:51 is in a hillarization,
22:52 right?
22:53 right.
22:54 so,
22:55 the hillarization,
22:56 how can we absorb,
22:57 the job market,
22:58 but,
22:59 besides the hillarization,
23:00 there are many,
23:01 agriculture is also being fed,
23:02 actually,
23:03 we still have a lot of rice,
23:04 actually,
23:05 there is still room,
23:06 to be pushed again,
23:07 sugar,
23:08 sugar production,
23:09 rice production,
23:10 corn,
23:11 agriculture,
23:12 fish,
23:13 that must be pushed,
23:14 that is actually,
23:15 the job market is needed,
23:16 we prepare the SDM,
23:17 for that,
23:18 how the food,
23:19 that is needed,
23:20 by the Indonesian people,
23:21 actually,
23:22 can be fulfilled,
23:23 from the country itself,
23:24 from the country itself,
23:25 and that can absorb,
23:26 the job market too,
23:27 and that can absorb,
23:28 the job market too,
23:29 right.
23:30 right.
23:31 Right,
23:32 Prof. Telisa,
23:33 thank you very much,
23:34 for the time and sharing,
23:35 that you have already said,
23:36 related to development,
23:37 how the economic condition,
23:38 money circulation,
23:39 and also,
23:40 the ability to buy the people,
23:41 as a momentum,
23:42 Ramadan and Eid this year,
23:43 happy to continue,
23:44 your activities again,
23:45 health greetings,
23:46 Prof. Telisa,
23:47 thank you.
23:48 Alright, Prof. Mirsa,
23:50 I have accompanied you,
23:51 in Market Review,
23:52 I am Prof. Setio Ibo,
23:53 with the staff,
23:54 who are on duty,
23:55 thank you,
23:56 and see you.
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