[Kabar-indonesia] 19 RI Biz/Econ Reports: IMF/Monetary Policy; Lippo Chief Resigns; Telkom; BNI

[JoyoNews at aol.com]

19 Reports:

- IMF: RI Able to Continue Monetary
  Loose Policies
- Indonesia's Bank Lippo president 
  Luhukay tenders resignation
- ST: Lippo to list 3 Reits here by 
  end-2007 [It hopes to raise $1.8b 
  from the trusts, whose assets are 
  valued at $3b]
- BT: Lippo puts in top bid for Sentosa 
  condo site
- Indonesia's Telkomsel and XL to 
  start commerciall 3G operation
- Indonesia's Bank Niaga injects 
  50 bln rupiah into financing unit
- Stock alert - Indonesia's Indosat 
  higher; tracks ADR gains
- India's Nucleus software bags contract
  from Indonesian bank
- Manila bank using Indonesian information
  technology
- Indonesian airlines uninterested in stock
  market listing
- Indonesia Air transport to launch regular
  flights in 2007
- Prime Horizon to buy 34.05% stake in
  Indonesia's Alfa Retailindo
- Indonesia's Tonasa gets loan offers 
  for its 5th cement plant
- Indonesia's Pupuk Kaltim to issue 
  bonds to refinance debt
- Indonesia to relax restriction on 
  day-old chick imports
- Indonesian VP calls for arrest 
  of more illegal logging suspects
- ASEAN gives Indonesia good 
  mark in addressing forest fires
- China's Palm Oil imports see 
  to increase in H2
- Asian Cocoa: Indonesia, 
  Malaysia Prices Gain On 
  Nybot, Liffe

Bisnis Indonesia
September 14, 2006

IMF: RI Able to Continue Monetary Loose Policies

SINGAPURA: The IMF mentions Brazil and Indonesia as two countries
considered able to continue making monetary-loose policies in order to
stabilize economic conditions.

In the report on Global Financial Stability released by IMF this
month, the two countries are viewed to have better macro-economic
policies compared to those in other countries.

Brazil and Indonesia are also seen as two new emerging economic powers
that can attract speculative investors, especially the hedge fund
ones, to strengthen the rupiah exchange against the US dollar.

In June 2006, Brazilian currency was improving, while other
currencies, such as Hungarian forint, South African rand, and Turkey
lira were declining.

IMF noted that countries vulnerable to external disruptions had

suffered from great pressures.

Outstanding balance

On the other hand, IMF predicted that the economies of developing
countries would improve this year from US$424.7 billion in 2004 to
US$586.7 billion in 2006 and US$638.9 billion in 2007.

In addition, the performance of the external financing in the
developing countries would reach US$584 billion in 2006 and US$631
billion in 2007.

Data by IMF also disclosed that the foreign direct investment this
year would decline from US$359.1 billion in 2005 to US$353.4 billion
in 2006 and US$351.8 billion in 2007.

Meanwhile, IMF Representative Head to Indonesia Stephen Schwartz after
meeting Vice President Jusuf Kalla yesterday stated that the World
Bank was ready to help efforts to improve investment climate

"However, we only talked general matter during the meeting, such as
the results of his visit to the US and to directors of the World
Bank," he exposed.

------------------------------------

Indonesia's Bank Lippo president Luhukay tenders resignation

JAKARTA, September 14 (XFN-ASIA) - PT Bank Lippo said its president,
Jos Luhukay, has tendered his resignation for personal reasons,
effective October 1.

Bank Lippo is a unit of Malaysia's Khazanah Nasional.

In a statement to the Jakarta Stock Exchange, Lippo director Jose M
Marigomen said Luhukay's resignation will be approved at the bank's
coming EGM.

He said Lippo's board has agreed to appoint Ali M Dewal, currently the
bank's chief commissioner, to replace Luhukay, in an acting capacity.

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The Straits Times (Singapore)
September 14, 2006

Lippo to list 3 Reits here by end-2007

It hopes to raise $1.8b from the trusts, 
whose assets are valued at $3b

Fiona Chan

IN A major coup for the Singapore Exchange, Indonesia's Lippo group
plans to launch three property trusts here over the next 15 months.

The trusts will boast total assets of about $3 billion.

The property and retail giant hopes to raise $1.8 billion by listing
the three real estate investment trusts (Reits), Lippo deputy chairman
Stephen Riady told The Straits Times yesterday.

Listed Reits have become hugely popular among investors here in recent
years. They collect rental income from the buildings they own, which
is then distributed as regular payouts to investors.

The first Lippo Reit is said to comprise three hospitals in Jakarta
and an Indonesian hotel, worth $300 million in all. It is expected to
raise about $150 million and is likely to be listed by year-end.

A second Reit will contain malls in Jakarta, while a third will
consist of office buildings in China, Hong Kong, Singapore and maybe
South Korea, Mr Riady said in an interview at his Shenton Way office.

He disclosed that Lippo is putting '10 to 12' malls in Jakarta into
its second Reit, which it hopes to list here in the first half of next
year.

Lippo expects to raise about $600 million from the listing of the
malls, which are valued at about $1 billion and enjoy double-digit
rental yields.

Mr Riady noted this means Lippo's mall Reit is likely to have a higher
yield than the 13 Reits already listed here, which have an average
yield of 5 per cent to 6 per cent.

The malls in Lippo's Reit all have floor areas of more than 500,000 sq
ft, he added.

Most are in Jakarta's city centre, but the Reit will also include the
1.3 million sq ft Pluit Megamall in northern Jakarta, which is worth
over US$150 million (S$237.9 million), and the Lippo Karawaci mall in
western Jakarta,which is almost two million sq ft and worth US$200
million.

Both are considerably larger than Singapore's Ngee Ann City, which
comes in at about 1.19 million sq ft.

With more than 45 malls in Indonesia alone, Lippo has plenty of scope
to grow this Reit, Mr Riady said. 'We want to have a growth story, so
we won't put all the malls in at the same time.'

He added that 'not all the malls we have are ready to be put into the
Reit. We have to renovate the others, some are very old already'.

'By the time we put all the malls in the Reit, it will be worth about
$2.5 billion.'

After listing the mall Reit, Lippo will then launch an office trust
that is likely to be worth about $2 billion.

This will comprise commercial properties outside Indonesia and may
include 79 Anson Road in Singapore, in which Lippo took a 55 per cent
stake in January for $95 million.

The group hopes to raise about $1 billion from the listing of this
trust, which may take place in the second half of next year.

Lippo, which has been on an aggressive buying spree in Singapore
recently, plans to use the proceeds from the listing of the three
Reits to fund even more acquisitions, Mr Riady said. 'We are looking
at more opportunities in China and Singapore.'

He added that Lippo is also considering a Reit of its China hospitals,
although that may be listed in Hong Kong.

The group has spent about $2 billion on retail and property assets
here over the past two years. This includes a stake in retailer
Robinson & Co and residential land such as a Sentosa Cove site it won
in a tender yesterday.

It also paid about $600 million for part of Overseas Union Enterprise,
which gives it an interest in Meritus Mandarin Singapore hotel and
office buildings Overseas Union House and Change Alley Aerial Plaza.

Lippo chose to list the Reits here, partly due to Singapore's
proximity to Indonesia and partly because the $10 billion Reit market
here is the biggest in Asia outside Australia and Japan, Mr Riady
said.

--------------------------------------------------------------------

The Business Times (Singapore)
September 14, 2006

Lippo puts in top bid for Sentosa condo site

It offers new benchmark $817.66 psf ppr price for 99-year lease plot

Kalpana Rashiwala

LIPPO has set a new benchmark price for condo land on Sentosa Cove.
Its top bid of $234.7 million yesterday for the 99-year leasehold
Marina Collection site reflects a unit land price of $817.66 per
square foot of potential gross floor area.
This is 28 per cent higher than the previous benchmark of $638.62 psf
per plot ratio set in January this year for The Baywater Collection
plot sold to Ho Bee Group. The earlier plot is slated for a part
six-storey, part eight-storey condo fronting the sea.

The Marina Collection parcel, which is located next to One Degree 15
Marina, can be developed into a four-storey project with up to 170
units.

The parcel comprises two sites totalling 239,198 sq ft in land area
and has a 1.2 plot ratio (ratio of potential maximum gross floor area
to land area). It's the last condo site to be sold in Sentosa Cove's
Northern Residential Precinct.

Lippo was the highest of seven bidders in the tender for the Marina
Collection site, a spokesman for Sentosa Cove Pte Ltd (SCPL) said
yesterday.

Ho Bee is understood to have been the second highest bidder with an
offer of slightly under $220 million - or about 7 per cent lower than
Lippo's price.

The other bidders are believed to have included City Developments,
CapitaLand, Frasers Centrepoint Ltd, and the developer of One Degree
15 Marina.

The Marina Collection parcel is likely to be awarded in a few weeks'
time, the SCPL spokesman added. The master developer of the upscale
waterfront residential precinct coming up on Sentosa Island had
previously said that the award would be based solely on price.

This is the first time Lippo will bag a major site in Sentosa Cove,
although members of the Riady family which controls Lippo are said to
have bought four adjoining bungalow plots in the location a few years
ago. The Riadys bought the earlier plots for development into two
bungalows for their personal use, BT understands.

Lippo Realty (Singapore) executive director Thio Gim Hock estimates
that the group's breakeven cost for a new condo project on The Marina
Collection parcel would come up to just under $1,100 psf. The project
will have 'an outstanding concept' to set it apart from surrounding
projects. It is likely to be launch-ready by June next year, he
reckons.

The latest condo project launched in Sentosa Cove - CityDev and TID's
15-storey The Oceanfront @ Sentosa Cove - is understood to have
fetched an average price of close to $1,350 psf.

While the Marina Collection has a much lower height limit of just four
storeys and does not face the sea directly, a condo project on the
site should still be able to ride on strong demand for homes in
Sentosa Cove, reckon market watchers. The four-storey height limit is
the shortest for all the condo plots sold so far on the island and
that is in keeping with the low-rise character around the pier.

The earlier condo plots sold in Sentosa Cove's Northern Precinct, or
North Cove, can be built up to at least six storeys.

-------------------------------------

Indonesia's Telkomsel and XL to start commerciall 3G operation

JAKARTA, September 14 (Asia Pulse/Antara) - Two mobile phone operators
are expected to start commercial operation of third generation (3G)
telecommunication service this month with the go ahead from the
government.

PT Telkomsel and PT Excelcomindo Pratama (XL)(JSX:EXCL) have received
the test certificate from the Post and Telecommunications Directorate
General allowing them to commercially start operating the 3G service.

Telkomsel, the subsidiary of state-owned telecommunication company PT
Telkom hopes to launch the service later this week and Excelcomindo to
follow later this month.

Telkomsel said it has listed 60,000 subscribers for the service.

-------------------------------------

Indonesia's Bank Niaga injects 50 bln rupiah into financing unit

JAKARTA, September 14 (XFN-ASIA) - PT Bank Niaga said it has injected
50 bln rupiah in additional capital into its financing unit PT Saseka
Gelora Finance.

The injection raised Saseka's paid-up capital to 90 bln rupiah and
also increased Bank Niaga's stake in the unit to 93.68 pct from 85.78
pct previously.

Bank Niaga is a 66 pct-owned subsidiary of Bumiputra-Commerce Holdings
Bhd (BCHB) of Malaysia.

---------------------------------

Stock alert - Indonesia's Indosat higher; tracks ADR gains

JAKARTA, September 14 (XFN-ASIA) - PT Indosat, the country's second
largest telephone operator, was higher, tracking gains by its American
Depository Receipts (ADR) in New York overnight, dealers said.

Indosat was up 125 rupiah or 2.65 pct at 4,850.

------------------------------------------------------------

India's Nucleus software bags contract form Indonesian bank

MUMBAI, September 14 (Asia Pulse/PTI) - Nucleus Software Exports Ltd
(BSE:531209) has bagged a contract from Indonesia's leading private
sector bank, Lippo Bank, to implement its solutions - FinnOne LOS and
FinnOne Collections and Recovery Management System - across the bank's
branches.

The Indonesian bank provides banking services, in retail,consumer and
commercial segments and international products, the New Delhi-based
company said.

In a filing on the Bombay Stock Exchange on Wednesday Nucleus Software
said the bank would gain the advantage of enhancing its operations,
resulting in easy inter-operability across branches and developing
efficient workflow systems in their lending business

FinnOne LOS automates and manages the complete application processing
flow of various retail finance instruments and FinnOne Collections
system manages the entire collections and focuses on tracking and
managing delinquent customers.

"We have had a very strong presence in the Southeast Asian market for
a long time now. Our continual effort at providing world-class
tailored solutions to our clients has helped us earn the confidence of
most major banking institutions in the market," Nucleus Software
Exports' managing director Vishnu R Dusad said.

Nucleus Software Exports Ltd provides software solutions to the
banking and financial services industry.

-------------------------------------------------------------

Manila bank using Indonesian information technology

JAKARTA, September 14 (Asia Pulse/Antara) - Manila National Bank has
begun to make use of Indonesia's information technology by
implementing core banking, support, banking delivery systems and
middle ware solutions provided by PT Sigma Cipta Caraka (SCC) company,
an SCC spokesman said.

Manila National Bank's decision to make use of information technology
provided by SCC indicated that the Indonesian company is already
playing an important role in the regional market, SCC director Djarot
Subiantoro said here Wednesday.

"Manila National Bank's confidence in using the Sigma core system
proves that Indonesia has high competition power in the regional
market," he said.

SCC is a national private company providing technology solution
services for the banking industry in Indonesia.

SCC and Manila National Bank on September 12 signed a memorandum of
understanding in Manila on the project which also involved another
Philippine company, namely QNX Solutions and world renowned
information technology firm IBM.

Sigma solutions are already being used by more than 50 banking
institutions and multi-finance agencies in Indonesia as well as by
major companies in the telecommunication, manufacturing and
distribution sectors.

-------------------------------------------------------------

Indonesian airlines uninterested in stock market listing

JAKARTA, September 14 (Asia Pulse/Antara) - Regular commercial airline
companies' interest in being listed in the stock market is still low
as they prefer obtaining funds from the banking and leasing sectors, a
securities businessman said.

`"Their reluctance to join the stock market is due mainly to internal
factors such as how to formulate their financial reports," Bhakti
Securities general director Wishnu Handoyono said here Wednesday.

Commercial airline companies were not used to reporting their
financial status to the public openly, he said.

"They are still unwilling to be listed in the stock exchange although
they badly need big amounts of funds to purchase or rent aircraft," he
said adding that their financial margins were very low.

Meanhile, he noted, airplane manufacturing companies also had an
interest in entities buying their products so that they were usually
willing to give airline firms credit.

"This happens due to the tight competition among aircraft
manufacturing companies," he said.

For example, he said, Indonesian private airline company Lion Air
purchased Boeing 737-900ERw jets through a foreign leasing company
whereas Lion needed US$3 billion to finance the new airplanes'
purchase.

National flag carrier Garuda Indonesia and such private airlines as
Lion Air, Sriwijaya Air and Adam Air are not listed on the stock
market.

--------------------------------------------------------------

Indonesia Air transport to launch regular flights in 2007

JAKARTA, September 14 (Asia Pulse/Antara) - After being listed
recently on the Jakarta Stock Exchange, logistics transport company PT
Indonesia Air Transport (IAT) (JSX:IATA), plans to expand business to
serving regular flights.

It hopes to serve up to 10 routes in eastern Indonesia starting next
year and for the new venture it has set aside US$6 million in new
investment, its operating director Tony Hadi said on Wednesday.

IAT is the eight company newly listed on the JSX this year bringing
the number of issuers in the country to 340 companies.

IAT has won an 8 month contract to lease an aircraft for US$1.4
million from Italy's oil firm Eni Bokat to serve the routes of
Balikpapan-Tarakan starting October.

-------------------------------------------------------------

Prime Horizon to buy 34.05% stake in Indonesia's Alfa Retailindo

JAKARTA, September 14 (Asia Pulse/Antara) - PT Alfa Retailindo
(JSX:ALFA) has reported that Prime Horizon Pte Ltd of Singapore will a
acquire 34.05 per cent stake in ALFA which has been under the control
of PT Sigmantara Alfindo, a spokesman said.

PT Alfa Retailindo had received a letter from Prime Horizon which
stated that the latter had started negotiations with Sigmantara
Alfindo on the plan to take over a 34.05 per cent stake in ALFA, ALFA
corporate secretary Surjadi Budiman told the Jakarta Stock Exchange
here on Wednesday.

Budiman said the acquisition constituted Prime Horizon's strategic
financial investment in the trade sector.

The acquisition will be carried out provided the relevant agencies
have all the necessary documents, he said.

--------------------------------------------------------------

Indonesia's Tonasa gets loan offers for its 5th cement plant

JAKARTA, September 14 (Asia Pulse/Antara) - State-owned cement maker
PT Tonasa in South Sulawesi has received offers from three banks to
provide loans to finance the construction of its fifth plant.

PT Bank Mandiri (JSX:BMRI), Bank Rakyat Indonesia (BRI) (JSX:BBRI)
both state banks, and Bank Mega (JSX:MEGA), have offered to finance
the Rp2.6 trillion (US$289 million) project in Biringere in the
regency of Pangkep, Tonasa President Sattar Taba said.

Bank Mandiri is ready to lend Rp2 trillion, BRI Rp1.8 trillion and
Bank Mega Rp500 billion, Sattar said.

Semen Tonasa, however, needs only Rp1.85 trillion in loan with the
rest to be provided by the company from its internal fund.

-------------------------------------------------------------

Indonesia's Pupuk Kaltim to issue bonds to refinance debt

JAKARTA, September 14 (Asia Pulse/Antara) - State-owned fertilizer

company PT Pupuk Kaltim (PKT) said it may issue bonds valued at Rp600
billion to refinance bonds maturing in June next year.

Muhammad Said Didu, the secretary of the state minister for state
enterprises, said the refinancing plan is to reduce the cost of fund
with the higher coupon rate carried by the old bond.

Finance Director of PKT Eko Sunarko said the management has not
decided on options to use the fund from the bonds to be issued.

Previously, PKT planned to issue the bond to strengthen its working
capital and to finance construction of a fourth unit of its factories.

--------------------------------------------------------------

Indonesia to relax restriction on day-old chick imports

JAKARTA, Sept 14 Asia Pulse - With the price of day old chicks (DOC)
nearing Rp4,000 (US44 cents) each, the government has to relax
restriction on imports to create price stability.

The agriculture ministry will see the price development until next
week before the import restriction is lifted.

Imports of 1 million DOCs might be needed to create a normal situation
in the market, an official of the agriculture ministry said.

The prices of DOC is nearing Rp4,000 in a number of areas climbing
from a normal level of Rp2,500 each , the official said.

---------------------------------------------------------------

Indonesian VP calls for arrest of more illegal logging suspects

JAKARTA, September 14 (Asia Pulse/Antara) - Vice President M Jusuf
Kalla has expressed hope the police can arrest more suspected illegal
loggers who have damaged Indonesian forests and brought suffering to
its people.

"We thank the police as they have arrested many persons suspected of
being illegal loggers, and we hope there will be more arrests," the
Vice President said when opening the 4th Indonesian Forestry Congress
here Wednesday.

According to the Vice President, the arrest of persons found to have
committed illegal logging was of great importance for the future of
the Indonesian people and the country's environment.

"Measures should be taken so that we will no longer be known as a
'haze exporter' and as a country of floods," the Vice President said.

He suggested that forest damage had caused floods and drought as well
as a foggy haze over the country, as the logging industry had been
mismanaged over the past 30 years.

The Vice President did however, admit that past governments had
applied good systems in forest management like the selective tree
felling system and the forest concession system.

Kalla said forest damage occurred also because of inconsitency in
applying the selective tree felling system and weak law enforcement
which had enabled people to engage in illegal logging.

Aware of such a condition, Vice President Jusuf Kalla called on all
parties to think of ways to avoid floods, haze and drought by
maintaining forests among other measures.

The Vice President said floods and droughs occurred in certain areas
in the country because those areas had no forests. "The conclusion is
how to plant more and fell less trees," he said.

Chairman of the Indonesian Forestry Congress Agus Setyarso said
earlier Indonesia had suffered a loss of US$10 billion in foreign
exchange from exports of forestry products in the past five years.

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ASEAN gives Indonesia good mark in addressing forest fires

MANILA, September 13 (Asia Pulse/Antara) - Experts from the
Association of Southeast Asian Nations (ASEAN) said Indonesian
authorities are in control of the land and forest fires in Riau
Province in Indonesia.

The ASEAN Experts on Fire and Haze Assessment and Coordination, who
went to Riau in Sumatra Island last August, reported finding lots of
hotspots in the province.

However, the panel, composed of experts from Indonesia, Malaysia and
Singapore, concluded that there is no need for outside assistance to
address the fire incidents.

Last month's assessment activity by the panel was the first after the
group was formed by the ASEAN Environment Ministers in October 2004.

The panel was created to make speedy assessment of potential or
impending fire and haze incidents and provide immediate solution and
necessary mobilization of resources.

Aside from proper mitigation of fire and haze situations, Indonesian
officials also implemented a "status quo land policy" that suspends
all activities in areas affected by fires, the experts said.

Indonesian authorities suspect that about 20 private companies are
involved in the clearing of land through the use of fire.

Several farmers and members of community groups have also been
arrested for their alleged involvement in slash-and-burn activities.

Ground checking and information drive on fire were also conducted in
other parts of Indonesia such as Kalimantan, Jambi, and South Sumatra
to arrest future fire incidents.

About 10 fire brigades in 10 provinces were also mobilized, 247
community fire brigades were established in Sumatra and Kalimantan,
demonstration sites for zero-burning were developed in 10 provinces,
and water bombing and cloud seeding operations were conducted to
prevent fires.

Relatively, cloud seeding operations were also implemented in Sarawak,
Malaysia to prevent fires, the ASEAN Secretariat reported.

Meanwhile, the Singapore government has announced its readiness to
provide a C-130 plane to help Indonesia carry-out cloud-seeding
operations in Sumatra while Malaysia is willing to provide necessary
support to the said activity.

Earlier, the ASEAN Specialized Meteorological Center (ASMC) forecasted
that below average rainfall is expected to last until early October
this year, thus, there is a big possibility that incidents of land and
forest fires will increase.

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China's Palm Oil imports see to increase in H2

BEIJING, September 14 (Asia Pulse/XIC) - As the third quarter is a
peak season for palm oil demand in China, the country's palm oil
import volume will increase substantially, estimated to reach 1.7
million tons for the July-September period.

However the country's importers have slowed down their purchase speed
recently as palm oil prices have surged on the international market
after late July, which may result in a decline of imports in the
fourth quarter though it may still not be less than one million tons.

China's palm oil import volume is estimated to reach 2.7 million to
2.8 million tons in the second half of this year, a considerable
increase over the first half.

After the Chinese government abolished import quota control on edible
vegetable oils including palm oil this year, the country's palm oil
import increased steadily, reaching 2.033 million tons in the first
half year, up 3.2 per cent year on year.

Malaysia and Indonesia were the main import sources, taking up of 63.6
per cent and 34.7 per cent of the total respectively in the first
half.

China's palm oil import volume has maintained fast growth in recent
years, due mainly to strong demand from the domestic food processing
industry and chemical industry.

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Asian Cocoa: Indonesia, Malaysia Prices Gain On Nybot, Liffe

JAKARTA, September 14 (Dow Jones)--Asian physical cocoa prices were
higher in the week to Thursday, boosted by gains on key external
markets, traders said.

Cocoa futures on the New York Board of Trade made strong gains
Wednesday on speculative buying, driven in part by strength seen in
outside key commodity markets.

The most-active December contract finished up $22 at $1,499 a metric
ton, after trading in a range of $1,472/ton and $1,504/ton. Second
most-active March settled up $18 at $1,534/ton.

On the London International Financial Futures and Options Exchange,
December finished up GBP5 at GBP850/ton, while March settled up GBP4
at GBP866/ton.

Offers for Malaysia's SMC 1B cocoa beans were quoted at MYR5,365/ton,
compared with MYR5,020/ton last week.

Offers for Indonesia's Sulawesi fair-average quality cocoa beans were
quoted at IDR11,300 a kilogram, up from IDR11,250/kg last week.

The market currently has no strong direction due to a lack of
fundamental news prior to the mid-crop harvest in Sulawesi,
Singapore-based traders said.

This means that cocoa prices in Asia are subject to fluctuations as
they are closely following external market prices on the Liffe and
Nybot.

Recent gains on both markets helped strengthen Asian prices, traders said.

An Indonesia Cocoa Association, or Askindo, official said last week
that the mid-crop will likely start on-schedule at end-February, and
produce around 200,000 tons of cocoa beans.

The main crop harvest in Sulawesi traditionally starts in April and
peaks in May, before tapering off in July.

The main cocoa harvest on Sulawesi island falls in April, peaks
through May and June, and tapers off in July. The mid-crop is usually
harvested from October through December.

The central, south and southeast provinces of Sulawesi account for 75%
of Indonesia's total cocoa output.

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Joyo Indonesia News Service
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