The weakening of Rupiah has not Significant Impact for Piaggio Business in Indonesia

By : Ridwan And Aldi Firhand. A | Monday, March 26 2018 - 22:52 IWST

Piaggio Dealer in Bogor
Piaggio Dealer in Bogor

INDUSTRY.co.id - Jakarta, Rupiah rate back recorded weakened throughout the week yesterday. But, it has not significantly affected PT Piaggio Indonesia.

"In recent times, the rupiah exchange rate against foreign currencies has weakened, but until now it has not shown any significant effect," said Edo Januarko Chandra as Sales & Dealer Development Director of PT Piaggio Indonesia in Bekasi, Monday (26/3/2018 ).

He added, indeed the weakening of the rupiah a bit much will bring effect to our company's business.

"Because after all our products are brought in CBU (Complited Build Up) from Vietnam and Italy, but the condition is still under control," he explained.

According to him, until now there is still no plan to raise the price of all Piaggio products. "We also have not planned to raise prices because all are still in controlled condition," said Edo.

Edo optimistic rupiah weakening against foreign currency will not be protracted. "We are optimistic that the rupiah will be stable again and will not bring significant effect to our business," he said.

News Comment

Today's Industry

Boomi Partners With Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan (Graphic: Business Wire)

Jumat, 31 Maret 2023 - 17:02 WIB

Boomi Partners with Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan

Boomi™, the intelligent connectivity and automation leader, today announced a new partnership with Works Applications Systems, Co., Ltd. ("WAPS") which provides system development and support,…

Tezos Logo

Jumat, 31 Maret 2023 - 15:52 WIB

Tezos Activates ‘Mumbai’ Upgrade Enabling More Than a Million Transactions Per Second

Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its thirteenth core protocol upgrade.

Choo Sung-hoon hops onto the TramOramic Tram to Central, getting fully immersed in Hong Kong’s unique blend of novelty and ancient sophistication. (Photo: Hong Kong Tourism Board)

Jumat, 31 Maret 2023 - 14:40 WIB

Choo Sung-hoon from Physical 100 Explored Hong Kong solo dolo

To add to the delight, the Hong Kong Tourism Board (HKTB) was glad to have Korean mixed martial artist Choo Sung-hoon – contender from NETFLIX Physical 100 – tour around Hong Kong, discovering…

PT Sariguna Primatirta Tbk (“CLEO”)

Jumat, 31 Maret 2023 - 13:23 WIB

CLEO Optimistic 2023 Turnover Increases Double Digits

PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, managed to record sales of IDR 1.36 trillion in…

PT Cerestar Indonesia Tbk (“TRGU”)

Kamis, 30 Maret 2023 - 17:05 WIB

TRGU Successfully Turns Losses into Profits in 2022

PT Cerestar Indonesia Tbk (TRGU), a producer of wheat flour which newly listed its shares on the Indonesia Stock Exchange last July, immediately achieved brilliant performance in 2022.