Greeting Director

The global economic growth rate in 2019 of 2.3% was at its lowest point in a decade, especially related to the impact of the trade dispute between the United States and China that is still ongoing. In early 2020, the United Nations in its annual report projects better growth at a rate of 2.5% for 2020 and 2.7% for 2021. However, in light of the Covid-19 pandemic, the UN projects a decline in economic conditions at a rate of 3.2. %, in line with the projected world trade projection of 15%.

For Indonesia, economic growth was recorded at the level of 5.02% in 2019, not Cipta the previous year at the rate of 5.17%. Based on growth data for the first quarter of 2020 which was recorded at 2.97% compared to 4.97% in the same period in the previous year, Bank Indonesia projects the Indonesian economy to grow at a rate lower than 2.3%. The influence of the Covid-19 Pandemic on economic and industrial developments will be an additional challenge for your company; in addition to various challenges that have taken place before, including a negative campaign against the use of pesticides for industrial agriculture.

To anticipate this, the Company focuses on increasing innovative productivity, the positive impact is expected to be felt in the medium and long term. Efforts to increase the productivity of plantation and agricultural land will improve the capital structure. The company also continues to pay special attention to control and control. The company also pays attention to the challenges that lie in supporting the modernization of agriculture and plantations in Indonesia.

Regards,