07 December 2020

President Director of PT Mahkota Group Tbk (MGRO), Usli Sarsi said that the Ministry of Finance's new regulation regarding CPO levies and their derivatives which are progressive starting December 10, 2020 in the long term has a positive impact on the industry because it can support price stabilization.

Usli also mentioned that the export levy funds will be used to support the Palm Oil Plantation Fund Management Agency (BPDPKS) in downstream projects and oil palm replanting so as to benefit the palm oil industry.

What does the industry respond to the plan to impose a progressive tax rate on CPO exports? Watch Maria Katarina's dialog with the President Director of Mahkota Group, Usli Sarsi in Closing Bell, CNBCIndonesia (Friday, 04/12/2020).