Presiden Joko Widodo memerintahkan agar penerimaan negara dari sektor perkebunan kelapa sawit bisa ditingkatkan. Presiden bahkan meminta, agar peningkatan tata kelola industri kelapa sawit bekerja lebih maksimal di akhir-akhir masa jabatannya yang berjalan hingga Oktober 2024.
Untuk itu dalam perintahnya, Presiden Jokowi meminta Satgas Sawit untuk segera menyelamatkan masalah perkebunan sawit, termasuk soal penyelesaian lahan perkebunan sawit ilegal. Hal ini, dinilai dapat membuat perolehan pajak lebih tinggi utamanya pendapatan nasional dari sektor perkebunan kelapa sawit.
Disisi lain, Pemerintah juga diminta untuk menyelesaikan permasalahan lahan sawit ilegal di dalam hutan. Di mana, dalam temuan Badan Pengawasan Keuangan Dan Pembangunan (BPKP) mengungkapkan, di Indonesia terdapat 16,8 juta hektare lahan perkebunan sawit. Dan sebanyak 3,3 juta hektare di antaranya, merupakan lahan ilegal yang berdiri di atas kawasan hutan.
Untuk itu dalam perintahnya, Presiden Jokowi meminta Satgas Sawit untuk segera menyelamatkan masalah perkebunan sawit, termasuk soal penyelesaian lahan perkebunan sawit ilegal. Hal ini, dinilai dapat membuat perolehan pajak lebih tinggi utamanya pendapatan nasional dari sektor perkebunan kelapa sawit.
Disisi lain, Pemerintah juga diminta untuk menyelesaikan permasalahan lahan sawit ilegal di dalam hutan. Di mana, dalam temuan Badan Pengawasan Keuangan Dan Pembangunan (BPKP) mengungkapkan, di Indonesia terdapat 16,8 juta hektare lahan perkebunan sawit. Dan sebanyak 3,3 juta hektare di antaranya, merupakan lahan ilegal yang berdiri di atas kawasan hutan.
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TVTranscript
00:00JAKARTA, INDONESIA
00:30coconut palm industry, where we know that the government will also increase the acceptance of the country from the palm sector,
00:37but on the other hand, it also improves the management and legalization of the palm plantation land in Indonesia.
00:44What is the impact and readiness of entrepreneurs? Let's start the complete market review.
00:50The President Joko Widodo instructed to increase the acceptance of the country from the palm plantation sector.
01:04Nevertheless, the President asked for an increase in the income level of the palm industry
01:09must be combined with the improvement of the management of the palm industry to work maximally.
01:14In an internal meeting, the palm palm is limited in the presidential palace.
01:21President Joko Widodo ordered that the acceptance of the country from the palm plantation sector can be increased.
01:27The President even asked for an increase in the management of the palm industry to work more maximally
01:32at the end of his term, which runs until October 2024.
01:37Therefore, in his order, President Joko Widodo asked the palm industry to immediately solve the problem of the palm plantation,
01:43including the settlement of illegal palm plantation land.
01:46This is estimated to make higher taxes, especially national income from the palm plantation sector.
01:53On the other hand, the government is also asked to solve the problem of illegal palm land in the forest,
01:59where in a meeting of the Ministry of Finance and Development,
02:03revealed that in Indonesia there are 16.8 million hectares of palm plantation land
02:08and as many as 3.3 million hectares of it are illegal land that stands on the forest area.
02:14Jakarta Tim Liputan, IDX Channel
02:21Meanwhile, the Minister of Coordination of the Ministry of Finance and Investment, Luhut Bin Sar Panjaitan,
02:25revealed that there are many palm industry owners who do not have a tax obligation number or NPWP.
02:32However, the NPWP record is important for tax deductions.
02:36The Minister of Coordination of the Ministry of Finance and Investment, Luhut Bin Sar Panjaitan,
02:37stated that without the NPWP, the palm industry cannot be taxed by the state.
02:43This makes the state's income decrease,
02:45and for that the government will maximize the palm industry's tax revenue from the palm industry.
02:51In addition, Luhut added that this is revealed because the government does a lot of digitalization of services,
02:57where with digitalization, a lot of disparities are revealed,
03:01including the fact that many palm companies do not have NPWP.
03:06If there are so many companies in the palm industry,
03:10why don't they have NPWP?
03:12If they don't have NPWP, the state's tax revenue will not be taxed.
03:16This is what we want to address now.
03:19Ladies and gentlemen, our topic this time is
03:22Legalization of Palm Farming to Increase State Income.
03:25We have connected via Zoom with Mr. Eddy Martono,
03:28General Director of the Indonesian Palm Industry Cooperation Association or GAPGI.
03:32Good morning, Mr. Eddy.
03:34Hello.
03:40Yes, hello. Good morning, Mr. Eddy.
03:45Okay, and next, we will have Mr. Peter Abdullah,
03:49Director Executive of Segara Research Institute.
03:51Good morning, Mr. Peter.
03:54Good morning, sir.
03:57Alhamdulillah, you are healthy.
03:58Okay, thank you.
03:59And we will try to get you back.
04:02Hello.
04:03Mr. Eddy, can you hear us now?
04:06Yes, I can hear you now.
04:08Before, I couldn't hear you at all.
04:10Now, I can hear you clearly.
04:12Okay, thank you for your time.
04:14Mr. Eddy, let's start with the review.
04:16We have received some information
04:19that the state's income from the palm industry
04:23or the palm industry will also be increased
04:25through regulation.
04:27Then, how to restore palm land in Indonesia.
04:30First of all, let's review
04:32how the palm industry is doing in Indonesia
04:35until mid-2024, Mr. Eddy.
04:39Okay, if we look at the data until May,
04:44our production is stagnant.
04:47We can see that if we compare
04:50between May 2023 and May 2024,
04:56it actually dropped from Rp22.8 million
05:01to Rp22.1 million, meaning there is a decrease.
05:05Secondly, if we look at our consumption,
05:10our consumption actually increased
05:13if we compare between May 2023
05:16until May, I mean.
05:18Then, until May 2024,
05:21there was an increase in consumption of around 300,000 tons.
05:26Then, how about export?
05:29Export is indeed a weakness.
05:33In 2024, it weakened a little compared to 2023.
05:39I think this should be our concern.
05:43Why is it weakening?
05:45This is one of the reasons,
05:47I just came back from China,
05:50we had a meeting there.
05:52It turns out that our palm oil and palm oil
05:57are a little less competitive
06:00compared to palm oil.
06:02For example, sunflower oil, they say
06:05they are actually more competitive.
06:07Well, this needs to be taken into account.
06:09Why can sunflowers be more productive?
06:13It means that the ton per hectare is much lower
06:16compared to palm oil, up to Rp4 million.
06:19Meanwhile, sunflower oil is below Rp500,000.
06:23Why can they be more competitive?
06:25This should be our concern.
06:28There must be something missing here.
06:31But on the other hand,
06:34their stock is also very high.
06:37Their stock is very high.
06:39Then, because they deliberately made it,
06:45because we have experience,
06:48when there is a ban on export,
06:51they are in trouble.
06:53It's up to them now
06:55how the company can exist
06:57so that they are very dependent.
06:59We must also be careful to make a policy.
07:02There are several points that I can note.
07:05Productivity has decreased from 22.8 million tons,
07:10down to 22.1 million tons.
07:12Meanwhile, consumption has increased by around 300,000 tons.
07:16In terms of export,
07:18Indonesia's palm oil production is still not competitive
07:22compared to sunflowers.
07:25From Kacamata Segara Research Institute,
07:27Mr. Peter Lantas,
07:28how is your review of the CPO industry so far?
07:34If we talk about CPO,
07:37as Mr. Eddy explained earlier,
07:43our challenge is how to boost our productivity.
07:48Because countries that are in a position like Indonesia,
07:54which is related to CPO,
07:56we can be comfortable
07:57that we are the largest producer.
08:01But we are not able to maintain it.
08:03We are not able to take care of it.
08:05We are not able to take care of it.
08:06Because we are in the middle of a land increase.
08:13The productivity of the CPO depends on the size of the land.
08:17When we can no longer raise the land,
08:20what we have to improve is the productivity
08:25of the available land.
08:30And for that,
08:32the challenge we face is the accumulation of our palm trees.
08:36That's why we have BPNKS.
08:40How do we try to promote the palm trees that we have?
08:47And this is what I think
08:49we can't fully do it effectively
08:54so that with the available space,
08:58we can boost our productivity to a higher level.
09:01Because whether we want to or not,
09:04that's what we have to do.
09:05As Mr. Eddy said,
09:07our challenge is that the domestic consumption continues to increase.
09:12If we don't maintain a larger production productivity,
09:17of course it will cause us to not be able to increase the acceptance,
09:21the government will not be able to increase the acceptance
09:23that is much better with the available land.
09:26Various strategies seem to continue to be implemented
09:28to increase the acceptance of the country.
09:30And what is targeted this time is from the CPO industry,
09:33our latest palm tree community.
09:35The government will increase the acceptance of the country from the palm tree sector
09:38through the settlement of illegal palm plantations.
09:42Are there still many unregistered or unofficial palm plantations?
09:47We will discuss it in the next segment.
09:48Mr. Eddy and Mr. Peter, we will have a short break.
09:51And Mr. Mirsa, make sure you are still with us.
09:56Palm Trees in Jakarta
10:01Palm Trees in Jakarta
10:09Yes, the Minister of Finance,
10:11Minister of Finance, Erlange Hartart,
10:13announced that the government wants to settle illegal palm plantations.
10:18One way is by clearing 3.37 million hectares of illegal palm plantations
10:24in the forest to be completed in September this year.
10:32The Ministry of Finance and Development notes that
10:35there are 16.8 million hectares of illegal palm plantations in Indonesia.
10:40And as many as 3.3 million hectares of illegal palm plantations
10:44are located in the forest.
10:46Minister of Finance, Erlange Hartart,
10:49announced that the settlement of illegal palm plantations
10:52is based on Article 110A and B of the Labor Law.
10:57Where the settlement of illegal palm plantations
11:00has been done for three years since the Labor Law was enacted.
11:03Erlange himself wants to speed up the process of settling the illegal palm plantations.
11:07The government wants to settle the problem of legalization
11:10for 3.3 million hectares of illegal palm plantations
11:12with the effort of illegal emigration to become legal.
11:16The settlement of illegal palm plantations is set to be completed in September.
11:21The Labor Law gives the opportunity
11:24in three years,
11:26they are different
11:29due to the regulation.
11:32And three years have passed.
11:34While Article 110B of the Labor Law
11:37is related to violations.
11:39Because violations must be prosecuted and prosecuted.
11:43On the other hand, in Article 110A of the Labor Law,
11:47companies that continue to operate in the forest area
11:50but have business permits
11:52can continue to operate
11:54as long as they complete all requirements
11:56within a maximum period of three years.
11:58While in Article 110B,
12:01for companies that continue to operate in the forest area
12:04without business permits
12:06can still continue their activities
12:08as long as they pay administrative fines.
12:10From Jakarta, IDX Channel.
12:13Okay, let's continue our discussion
12:15with Mr. Eddy Martono, General Secretary
12:17of the Indonesian Palm Industry Association or GAPI,
12:19and also Mr. Peter Abdullah,
12:21Director Executive of Segara Research Institute.
12:23Okay, Mr. Eddy, we will continue again.
12:25Earlier, it was said that
12:27the latest information will increase the acceptance of the country
12:30with the legalization of areas or palm plantations
12:33that are still categorized or suspected illegal.
12:36What is your opinion?
12:38Is there still a lot of legalization
12:40of palm plantations in the water
12:43that are still in an unofficial or illegal status?
12:48Let me make it clear first.
12:51Between legal and illegal,
12:53if a company is registered as GAPI,
12:55it is impossible for it to do business without a permit.
12:59There must be a permit.
13:01The problem is, as Mr. Herlangga said,
13:04due to regulations.
13:06So what actually happens is
13:08we have done activities,
13:12there is a permit,
13:13then there is a change in the law.
13:15It's a regulation.
13:17So we can't enter the palm plantations area,
13:19so we enter the palm plantations area.
13:21But it's better to be registered as GAPI.
13:23So I don't agree with the words that it's illegal.
13:27It's legal.
13:28Even there is an AGU,
13:30we have an AGU,
13:32our plasma model,
13:34which at that time was still a new order,
13:36it also entered the palm plantations area.
13:38Do we already have a certificate?
13:41Does our plasma already have a certificate?
13:44Does it belong to the so-called illegal?
13:46I don't agree with that.
13:48Then how do you explain this?
13:50If 110A,
13:52we have almost been said to be almost 100%,
13:56the GAPI agency,
13:57has already paid.
13:59So 110A is the result of
14:02there was a change in the law.
14:11What about 110B?
14:13110B,
14:15the GAPI agency practically hasn't accepted TAGIA.
14:18But here 110B is,
14:21for example,
14:23it has a permit,
14:24but because there is a change in the law,
14:27it doesn't have a forest permit,
14:30but within the PP24,
14:33which is the one that becomes a problem,
14:35it is not in accordance with the law.
14:38We know for ourselves that
14:40the law of the law of the law of the law
14:42was only in the Guanan Law in 1997.
14:45Now in 2007,
14:47before 2007,
14:49this is practical,
14:50almost this area,
14:52some areas,
14:53even in the suburb area,
14:55like in Rio,
14:56there was a change,
14:57there was no clear law.
14:59Well, this is what caused everything,
15:01the management system,
15:03as if the company,
15:05when asking for permission,
15:08it is already in accordance with the plan of the law there.
15:11Whether the requirement is indeed for forestry,
15:15I believe it will not be placed,
15:19for example, in a conservation forest,
15:21but it must be for forestry.
15:23Suddenly in the middle of the road,
15:25there is a change in the law.
15:26Well, then I explain again.
15:28Well, then how is the relationship with the receiver?
15:32Well, Mr. Peter has said
15:34that our production is stagnant.
15:37In the last 5 years, it's stagnant,
15:39even the track is down.
15:41Well, the 110A,
15:42we can note that
15:44our members have almost 100% payment.
15:47The 110B, there is no increase,
15:50but given time for clarification,
15:53to be true or not,
15:55if the condition is like this.
15:56But what is dangerous in the 110B is
16:00only given 1 year.
16:03For example, we have been running for 15 years,
16:05only given 10 years
16:07and have to pay a very high fee.
16:09After that, it is returned to the country
16:11and must be returned to the forest.
16:13When our consumption has risen enormously,
16:16we compare it to 2019,
16:20it's still around 20%.
16:22Now it's 42% between production and consumption.
16:25Well, if we have a decrease in land,
16:28Mr. Peter said,
16:30we don't have any expansion at all,
16:32this is actually a decrease in land.
16:34Well, this is what we have to pay attention to together.
16:37Because later our consumption will increase,
16:39our needs will increase.
16:41And what will happen later is still export.
16:43That's it.
16:44Strategy from friends of Gapki himself,
16:46how to deal with conditions like this?
16:48Because there was indeed a change in space order.
16:50Then, will it open up a communication channel
16:52to clarify the situation
16:54when it comes to the condition of the land owned by friends of Gapki himself?
16:58Or how, sir?
17:00We are routine.
17:01We are actually with SABGAS,
17:03with the ministries such as the Ministry of Economy,
17:07the ATR government,
17:09we continue to do that.
17:11Because this is nothing.
17:14This has been going on.
17:15There are already employees,
17:17there are factories,
17:18there are schools,
17:19there are houses there.
17:22It's impossible for us to just be quiet.
17:25We must continue to try.
17:27We give evidence like this.
17:30For example, Central Kalimantan.
17:32From the area of ​​the forest area,
17:35which is not the forest area,
17:3736%,
17:39then suddenly with the rate of space that has just dropped to 17%,
17:43finally there are a lot of forest areas.
17:46Well, this is what actually happens in our industry
17:50because what is said is illegal.
17:53Okay, okay.
17:54Mr. Peter, then how do you see a condition like this?
17:57Is there any misinformation
18:00or maybe inaccurate data?
18:02Or what is your observation?
18:05Yes, this is once again
18:07showing how coordination in Indonesia is very expensive.
18:11Okay.
18:12We are very weak in coordination.
18:15How is it possible, what Mr. Eddy said earlier,
18:18that our space is changing
18:22and then it causes
18:24additional problems
18:26that are being faced by the European Union.
18:29Okay.
18:30Because it eventually makes us
18:32in a weaker position,
18:34in my opinion, Mr. Eddy.
18:36If it was not in the forest area,
18:39it became in the forest area.
18:41Once again, this should be a task.
18:44The government should be careful
18:47to increase coordination
18:48so that there are no new problems.
18:51But what Mr. Eddy said earlier
18:54is getting clearer that in the middle of the condition.
18:57It should be noted that naturally,
19:01there will be an increase in consumption,
19:04both domestically and abroad.
19:07The increase in consumption,
19:09both domestically and abroad,
19:11must be anticipated with an increase in productivity.
19:15And this increase in productivity,
19:17in the middle, there is still a moratorium,
19:20there is no opening of new land,
19:22what we have to do is
19:24increase the productivity of existing land.
19:28Including the land,
19:29which is already included in the calculation
19:31of what was said by Mr. Eddy earlier,
19:33what we have calculated,
19:34our productivity ability.
19:36If the land is referred to as a quote,
19:39because Mr. Eddy,
19:41in my opinion with Mr. Eddy,
19:42this cannot be categorized as illegal.
19:46This is something that is obvious.
19:48And actually, the government has already enjoyed the result.
19:52Both from the acceptance result,
19:54as well as from the result of creating jobs
19:56that happened there.
19:58Therefore, the solution must also be correct.
20:01So that we don't experience a decrease in productivity
20:05which in the end,
20:07deepens the decline of our production.
20:10Which in the end will also decrease the acceptance
20:13of the competitors.
20:14So, in my opinion,
20:16the government must be more wise here.
20:20Because it is impossible,
20:22in my opinion, Mr. Eddy,
20:24we do, reforest,
20:28this is not a small thing,
20:31thousands of hectares,
20:33millions of hectares,
20:34which we have to reforest.
20:38The question is,
20:39maybe it's easy to reforest,
20:41just call the foresters,
20:43just let it be reforested.
20:45But how do we,
20:47the government,
20:49anticipate
20:52the people who have worked there,
20:54the companies that have worked there.
20:57So, the decrease in productivity
20:59is not only from the farmer's side,
21:02but also from the people's side.
21:04Moreover, as Mr. Eddy said,
21:06there are houses, there are schools there.
21:08Where do we throw it?
21:10We are facing a problem
21:14that is not as simple as that.
21:16So, in my opinion,
21:17this must be done immediately.
21:20The government must make a decision
21:23which I think supports
21:25how we legalize
21:28these lands.
21:31Which I think is not their fault.
21:34Because it's impossible
21:36for them to do it illegally.
21:40It's not that they don't do it secretly.
21:44They do it with permission.
21:48With their permission.
21:50With permission.
21:51And because of that,
21:52I think the most accurate,
21:54I have repeatedly stated this,
21:56every time I am asked
21:58about the legalization of this palm plantation.
22:00The government must be wise,
22:03it's impossible for the government
22:05to create a new problem here.
22:07This must be legalized,
22:09so that they can increase their production.
22:11For now,
22:12I think the entrepreneurs there
22:14don't dare to do anything
22:17so that their production can increase.
22:20To do youth and so on.
22:22So, the status becomes a status quo that is damaging.
22:25Okay, Mr. Peter.
22:26The target from the government,
22:27Mr. Erlangga said it was September.
22:29Is it possible for us to speed up,
22:31in other words,
22:33if there is a change in the law,
22:35we can go back to the land
22:37that they already have,
22:39because they have the operational permission.
22:41We will discuss it in the next segment,
22:43Mr. Peter and Mr. Eddy.
22:44We will be back in a moment.
22:45We will be back after this.
23:02We will continue the interesting discussion
23:06with Mr. Eddy Martono Ketunggum strangely
23:08and also Mr. Peter Abdullah,
23:10CEO of Sigaralingas Institute.
23:12Mr. Peter,
23:13what are the solutions
23:15that could be faced?
23:18Who is going
23:20to legally convert the land
23:22to be officially acquired
23:25and in terms of the change in the law?
23:27As what you said,
23:29prove it again that there is already a suitable data, right?
23:34Yes, like this, our background,
23:36we have the government with the Labor Law,
23:39we want to make it easier,
23:41not make it difficult,
23:43let alone hamper the speed of business activities,
23:48let alone the old ones,
23:51even the new ones are made easier.
23:54Okay.
23:55Now,
23:56friends in GAPKI, friends in timber business,
24:00none of them want it to be difficult,
24:02none of them want to hamper or interfere with the government.
24:06What has been outlined by the government,
24:08they will definitely follow.
24:10So, I think,
24:12with that spirit,
24:14we solve this,
24:16with the spirit of ease,
24:18because the Labor Law is intended
24:20to facilitate
24:22so that those who were categorized earlier,
24:25even though we do not agree that it is illegal,
24:27those who face land problems,
24:30the status of their land
24:32is given ease to solve,
24:35what is considered by the government is not yet completed,
24:39the obligation,
24:41this is related to the previous permit money,
24:45I think,
24:47for that,
24:49the government must also understand,
24:53even though we,
24:55this is just open,
24:57solving problems like this
24:59is often,
25:01if there is a term in the government,
25:03if it can be made difficult, why make it easier?
25:05Wow.
25:07That is what should not happen, I think.
25:09The problems that exist now,
25:11because the spirit is to make it easier,
25:13it must be made easier.
25:15Not with the old jargon,
25:17if it can be made difficult, don't make it easier.
25:19I think that's it.
25:21My friends in GAPI, I think,
25:25the spirit is the same.
25:27Okay.
25:29Mr. Edy, how do you see the current condition?
25:31Earlier, the effort has been stated by Mr. Peter,
25:33but we know that there is also an institution
25:35from the BPDPKS
25:37Coal Plantation Fund Management Body,
25:39which should be focused
25:41to manage and develop the coal industry,
25:43there is also a direction like that,
25:45a while ago,
25:47there was a meeting to manage
25:49related to cocoa,
25:51and other commodities.
25:53What do you think?
25:55Earlier, Mr. Peter has said
25:57that our productivity
25:59is decreasing,
26:01the production is stagnant.
26:03If we look at it,
26:05for example,
26:07what happens is
26:09to increase productivity,
26:11one of the ways
26:13is
26:15by increasing productivity
26:17intensification,
26:19not extensification.
26:21Earlier, we had a moratorium.
26:23For the increase of the productivity of the coal industry,
26:25this is the foundation of the BPDPKS.
26:27While now,
26:29farmers have just received
26:31Rp 30 million,
26:33it will be increased to Rp 60 million,
26:35but until now it has not been realized.
26:37In fact, if the company does
26:39coal mining,
26:41the minimum is Rp 70 million.
26:43If Rp 30 million,
26:45this is the product.
26:47This is the foundation of the BPDPKS.
26:49Then if we look at it,
26:51now,
26:53if we look at our export value
26:55compared to last year,
26:57until May 2020,
26:59we have dropped 2 US dollars.
27:01Meanwhile,
27:03for BPDPKS funds,
27:05there are funds from exports.
27:07This is what
27:09we should pay attention to.
27:11Why is BPDPKS burdened again
27:13if the coal funds
27:15are used for other purposes?
27:17Why is this?
27:19Even though we are the biggest
27:21donor of BPDPKS after Batu Barat.
27:23Why don't we
27:25concentrate on increasing
27:27this productivity so that
27:29consumption in the country is not disturbed,
27:31export is not disturbed?
27:33Because I believe that if
27:35consumption in the country continues to increase,
27:37export will be sacrificed.
27:39Meanwhile, we see that
27:41biodiesel that we buy
27:43biodiesel in Pertamina,
27:45that's the fund from the coal.
27:47That's from BPDPKS funds.
27:51If our exports are reduced,
27:53demand for exports
27:55is also reduced,
27:57later BPDPKS funds will also be reduced.
27:59What's more, we are burdened
28:01with other commodities.
28:03This is what I think is a bit
28:05out of focus.
28:07I think it's better to
28:09increase it first because
28:11now our condition is
28:13moderate, not very good.
28:15To increase it first,
28:17then for other commodities
28:19that we think of.
28:21But for the coal, we have to focus.
28:23Okay, that's it.
28:25It turns out that the dynamics are still quite
28:27confusing if we look at the management
28:29of the coal industry.
28:31Hopefully there is a focus
28:33that is still maintained
28:35by the government or other managers
28:37to increase the performance
28:39of the CPU industry
28:41in the country.
28:43Mr. Edy, then Mr. Peter,
28:45thank you very much for your time
28:47and sharing that you have delivered
28:49to the audience today.
28:51Congratulations on continuing your activities again.
28:53Good health, Mr. Edy, Mr. Peter.
28:55Thank you.
28:57Don't leave your seat,
28:59because we will be back
29:01with other interesting topics
29:03on maintaining the non-performing loan level
29:05on KM Market Review.