Jokowi Reviews Indonesian Companies Mastering The Philippine Market

President Jokowi visited one of the coffee producers, namely Kopiko Philippines Corporation (KPC), in Calamba, Philippines, which is part of PT Mayora Indah TBK, on Wednesday (10/1/2024). (ANTARA/HO-Presidential Secretariat).

JAKARTA - President Joko Widodo (Jokowi) reviewed the production facilities of a number of Indonesian companies operating in the Philippines, which are currently able to control half the processed food market in the local country.

"Earlier, we saw that our investment in the business world of Indonesian companies in the Philippines, namely Mayora, which we see has almost 50 percent of the market in the Philippines," said President Jokowi through the Presidential Secretariat in Jakarta as reported by ANTARA, Wednesday, January 10.

President Jokowi and his entourage visited a number of Indonesian companies in Manila, on the second day of their working visit in the Philippines, one of which was coffee producer Kopiko Philippines Corporation (KPC), which is a form of investment in the Indonesian business world, which is part of PT Mayora Indah Tbk.

In his statement after the review, the President said that the KPC is a form of investment in the Indonesian business world that is able to control the market in the Philippines.

According to the President, the number of coffee products produced by the KPC is very large, so it is hoped that it can have a positive impact on Indonesian farmers to contribute to providing raw materials for production.

"So I think the amount of saset coffee products is very large and it will contribute to the need for coffee raw materials, cassava, and others that will be very good for farmers," he said.

In addition to reviewing the food and beverage processing industry, President Jokowi also visited the seaweed processing industry at W Hydrocolloids Inc.

After the review, the President said that Indonesia also has a great opportunity to develop the seaweed processing industry.

President Jokowi believes that Indonesia has high potential which is supported by large coastal areas.

"I think this is also an opportunity for our seaweed farmers that we can develop not only in one, two, three locations but throughout the country because we have a very long coast," he said.

The President hopes that seaweed processing in Indonesia will continue to increase so that it can provide added value for farmers.

"Yes, our farmers need to prepare so that we have a larger capacity, so that some of it is produced in Indonesia, some of it can be exported to the Philippines or to other countries so that there is added value for our farmers," he said.