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Business Update: Xi Jinping Demands Fast Trains Be Completed on Time, CPO Prices Drop




TEMPO.CO, Jakarta – The latest economic and trade news up to Friday afternoon August 5, 2022 starting with China Railway International Co (CRIC) representative Gao Feng saying that the President of China, Xi Jinping, has asked CRIC to guarantee the project fast car Jakarta Bandung (KCJB) went smoothly.

Then the information regarding Palm Oil Producers Association (Apkasindo) President Gulat Manurung said that after the regulations, flush out or FO discontinued, price crude palm oil (CPO) even fell in a row for four days.

Moreover, news on Coordinating Minister of Economy Airlangga Hartarto is sure that economic growth Indonesia could reach 5.2% by the end of 2022. Here is a summary of the three stories:

1. President Xi Jinping Call for the Jakarta-Bandung high-speed rail project to be completed according to plan

China Railway International Co (CRIC) representative Gao Feng said Chinese President Xi Jinping asked CRIC to ensure the smooth running of the Jakarta-Bandung High-Speed ​​Railway (KCJB) project. CRIC is one of the partners of PT Kereta Cepat Indonesia China (KCIC) in the KCJB development project.

“In addition, President Xi Jinping has requested that the project be carried out as planned,” he said during a virtual press conference on Friday August 5, 2022.

According to Gao Feng, the joint development of KCJB is an important agreement between Indonesia and China. CRIC, as a supplier to the fast train industry, said Gao Feng, is proud to be able to produce the KCJB series.

Read the full news here.




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