{
    "success": true,
    "data": {
        "id": 1581987,
        "msgid": "pramono-urges-local-state-owned-enterprises-to-prepare-for-crisis-fallout-from-iran-israel-conflict-1772464113",
        "date": "2026-03-02 19:36:54",
        "title": "Pramono Urges Local State-Owned Enterprises to Prepare for Crisis Fallout from Iran-Israel Conflict",
        "author": "Fitria Chusna Farisa",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Jakarta Governor Pramono Anung Wibowo has instructed all local state-owned enterprises (BUMDs) to prepare contingency plans to mitigate potential economic crises stemming from the escalating Iran-Israel conflict in the Middle East. The governor emphasised that more than 30 per cent of global oil distribution passes through the Strait of Hormuz, and any disruption could trigger supply chain disruptions and increased logistics costs, leading to higher commodity prices. Jakarta provincial government is also implementing market interventions, including importing 7,500 Australian cattle, to contain inflation and stabilise meat prices ahead of Ramadan and Eid al-Fitr.",
        "content": "<p>JAKARTA \u2014 Jakarta Governor Pramono Anung Wibowo has instructed all\nlocal state-owned enterprises (BUMDs) to prepare for potential economic\ndisruptions caused by escalating conflict in the Middle East between\nIran, Israel, and the United States.<\/p>\n<p>Pramono emphasised that BUMDs must ensure secure supply chains,\nmaintain smooth operations, and keep costs efficient. He also requested\nthat each regional company develop contingency plans should supply\ndisruptions or cost increases occur.<\/p>\n<p>\u201cI am instructing all local state-owned enterprises (BUMDs) to always\nthink about crisis management. So if there are shortages\u2014for instance,\nof certain products\u2014we must prepare for that,\u201d said Pramono at Sarinah\nin Central Jakarta on Monday, 2 March 2026.<\/p>\n<p>According to Pramono, more than 30 per cent of global oil\ndistribution passes through the Strait of Hormuz, along with shipments\nof various other commodities.<\/p>\n<p>If this route is disrupted or closed, logistics costs are expected to\nrise significantly, impacting commodity prices.<\/p>\n<p>\u201cThe supply chain passes through the Strait of Hormuz, where nearly\n30 per cent of the world\u2019s oil always transits, along with other goods.\nShould this strait be closed, the consequences will be\nextensive\u2014shipping costs for these goods will increase significantly,\nand prices will certainly be affected,\u201d Pramono explained.<\/p>\n<p>To prevent inflation, Jakarta\u2019s provincial government has begun\nimplementing market interventions.<\/p>\n<p>One example cited by Pramono is the importation of 7,500 cattle from\nAustralia to stabilise meat prices ahead of Ramadan and Eid al-Fitr.<\/p>\n<p>Pramono claims this approach has proven effective in reducing price\nvolatility in the capital\u2019s traditional markets.<\/p>\n<p>\u201cPreviously, we imported cattle within this year\u2019s quota of 7,500\nhead; we brought in 2,000 head in time for Ramadan and Eid al-Fitr. This\nis our strategy to prevent meat prices from rising, and by God\u2019s grace,\nprices have remained stable to this day,\u201d said Pramono.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pramono-urges-local-state-owned-enterprises-to-prepare-for-crisis-fallout-from-iran-israel-conflict-1772464113",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}