BPDPKS 2020: New Director, New Hope for the Indonesian Palm Industry
Badan Pengelola Dana Kelapa Sawit (BPDPKS) is a Public Service Agency (BLU) under the Ministry of Finance that was formed in 2015 and under the legal of Presidential Regulation (Perpres) Number 61 year 2015 concerning Collecting and Utilizing Oil Palm Plantation Funds.
In the first period, BPDPKS was led by Bayu Krisnamurthi as the president director since 2015. In 2017, Dono Boestami officially became the president director of BPDP replacing Bayu Krisnamurthi. And in this third period, Eddy Abdurrachman was officially inaugurated by Sri Muyani as Minister of Finance of the Republic of Indonesia on March 2, 2020 who previously served as Director-General of Customs and Excise also as Coordinating Secretary of Economic Sector. On that occasion, Sri Mulyani also advised that the task as the new boss of BPDPKS is very heavy and full of challenges in the midst of uncertain global economic conditions.
BPDPKS’s has tasks are to do fund management of palm oil both development funds and development reserve funds in accordance with policies set by the Minister of Finance and based on applicable laws and regulations. The funds raised are used for the purposes of human resource development, research and development, promotion and rejuvenation of palm oil. BPDPKS is also one of the parties that succeeded in biodiesel mandatory policies for national energy security.
With the inauguration of the new president director, BPDPKS is expected to be able to succeed in its main task, namely the Farmer’s Oil Palm Rejuvenation Program (read: Peremajaan Sawit Rakyat/PSR). Based on PSR online system, the transfer of funds from BPDPKS for PSR reached Rp 1.45 trillion for 58 thousand hectare from Januari-December 2019, PSR’s realization has increased 68 percent compared year ago, which is transfer of funds from BPDPKS for PSR 2018 only Rp 865 billion.
Moreover, BPDPKS is also expected to increasingly play a role in encouraging other palm-based downstream industries not only biodiesel but other palm-based downstream products such as food, oleochemical and energy (green fuel) products by utilizing the results of research of innovations that have been developed by researchers in the field of palm oil. The development of human resources for the palm oil industry has also become the new task for the Director of BPDPKS to create creative and innovative oil palm farmers. Optimizing the role of the BPDPKS under the leadership of the new director is expected to realizing a sustainable and competitive national palm oil industry for the future.
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