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

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…

The Indonesian Embassy in Cairo Receives Aid for Palestine

Senin, 19 Februari 2024 - 17:39 WIB

The Indonesian Embassy in Cairo Receives Aid for Palestine

The Indonesian Embassy in Cairo welcomes the Radjiman Wedyodiningrat Warship (RJW-992) which arrived at the Al Arish Port, North Sinai Province of Egypt at 8.00 A.M. Cairo local time (13/02).…