Momentum bulan suci Ramadan dan perayaan hari raya Idulfitri biasanya menjadi faktor pendorong peningkatan kinerja sektor usaha di Tanah Air, tidak terkecuali sektor pembiayaan. Dan salah satu sektor yang menjadi penopang industri pembiayaan di saat Lebaran adalah industri otomotif.
Ketua Asosiasi Perusahaan Pembiayaan Indonesia (APPI) Suwandi Wiratno seperti dikutip media mengatakan, pembiayaan sepeda motor diproyeksikan mengalami peningkatan sekitar 6% - 7% dibandingkan hari biasa. Sedangkan pembiayaan mobil justru mengalami kenaikan yang signifikan, mencapai 45%. Capain tersebut tentu perlu diapresiasi mengingat adanya pelemahan daya beli yang saat ini masih menghantui masyarakat.
Ketua Asosiasi Perusahaan Pembiayaan Indonesia (APPI) Suwandi Wiratno seperti dikutip media mengatakan, pembiayaan sepeda motor diproyeksikan mengalami peningkatan sekitar 6% - 7% dibandingkan hari biasa. Sedangkan pembiayaan mobil justru mengalami kenaikan yang signifikan, mencapai 45%. Capain tersebut tentu perlu diapresiasi mengingat adanya pelemahan daya beli yang saat ini masih menghantui masyarakat.
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TVTranscript
00:00NEXT EPISODE
00:05NEXT EPISODE
00:21Hello viewers, how are you today?
00:23Live from IDX Channel Jakarta, I'm Prasetyo Wibowo
00:26Welcome back to Market Review
00:28A program that deals with the issues that are the driving force of the economy in Indonesia
00:32You can watch our live streaming at IDXchannel.com
00:35Let's start the complete Market Review
00:39NEXT EPISODE
00:47The business world hopes that the holiday season can have a positive impact on the company's performance
00:52and not excluded from the financing sector
00:55Nevertheless, the potential for the increase in the financing industry
00:59is still imagined with the lack of purchasing power in the community
01:08The rise of the holy month of Ramadan and the celebration of Eid al-Fitr
01:12is usually a driving force for the increase in the energy sector in the country
01:16not excluded from the financing sector
01:19And one of the sectors that supports the financing industry during Eid is the automotive industry
01:25The head of the Indonesian Financing Company Association or APPI
01:29Suwandi Wiratno, as quoted by the media, said
01:32Motorcycle financing is projected to experience an increase of about 6-7%
01:37compared to normal days
01:39while car financing actually experienced a significant increase of up to 45%
01:44This increase must be appreciated
01:47considering the lack of purchasing power that still haunts the community
01:53Financial Services Authority data recorded
01:55in financing debts owned by financing companies grew by 6.4% annually
02:01in January 2025 to IDR 504.33 trillion
02:07The growth is supported by an increase of 10.77% year-on-year
02:14On the other hand, the risk profile of financing companies
02:17is still maintained with a ratio of non-performing financing or NPF gross
02:21recorded 2.96%
02:23while NPF net recorded 0.93%
02:27Nevertheless, the credit level of financing companies in January 2025
02:32is higher than December 2024
02:35both from the NPF gross and NPF net
02:39Jakarta, IDX Channel coverage team
02:46Yes, viewers, to discuss our topic this time
02:48the financing industry is expected to flourish
02:50We have been connected via Zoom with Mr. Suwandi Wiratno
02:55Indonesia Financing Association
02:57Hello, Mr. Suwandi, how are you?
03:00I'm fine, how are you, Mr. Prang?
03:03I'm fine, too, Mr. Suwandi
03:05Thank you for your time
03:07We are also joined by Mr. Nailul Huda,
03:09the Director of Digital Economy at CELIOS
03:11Hello, Mr. Nailul, how are you?
03:14I'm fine, too, Mr. Prang
03:16Thank you for your time
03:18We will update Mr. Suwandi
03:21related to the financing industry's performance
03:23from the beginning of the year to the beginning of Eid this year
03:26Please, Mr. Suwandi
03:28Yes, if we talk about
03:31since the beginning of the year 2025
03:33entering the month of January
03:35indeed
03:37our industry is quite stressed
03:39we know that
03:41the issues that happened in 2024
03:44regarding offset taxes
03:46of course, colorize
03:49what happened in 2025
03:51or the beginning of 2025
03:53and we know that
03:55these offset taxes are very disturbing
03:57and the news is everywhere
03:59so many people
04:01who want to buy
04:03maybe in 2025
04:05worried that there will be an increase in offset taxes
04:07many purchases
04:09may occur at the end of 2024
04:11and as a result of
04:13these offset tax news
04:15of course, at the beginning of 2025
04:17sales also experienced
04:19a decrease
04:21it means that if we average
04:23between December and January
04:25maybe almost the same
04:27however, we also know that
04:29at the beginning of 2025
04:31we are also colored with
04:33a lot of holidays, Mr. Pras
04:35it means that at the end of January
04:37we know there are holidays
04:39February is also a very short number of days
04:41our industry is still big
04:43the portfolio is in the automotive industry
04:45automotive financing
04:47especially second wheel, fourth wheel
04:49new and old
04:51we are aware
04:53that
04:55year-on-year growth
04:57of financing companies in January
04:59has been reached only around 6.02%
05:01this first quarter
05:03is quite a challenge
05:05because we also know
05:07even though we enter the month of Ramadan
05:09and of course later
05:11at the end of March
05:13we know it will be quite a long holiday
05:15and everything and just started
05:17will work again maybe on the 7th of April
05:19and this is a challenge
05:21that we face
05:23in 2025
05:25well, these achievements
05:27of course a lot
05:29also colored with
05:31not too big
05:33in investment financing and we know
05:35that especially for example
05:37investment financing is dominated a lot
05:39with heavy equipment financing
05:41we know that by the end of 2024
05:43a lot of
05:45what are the events
05:47in mining
05:49especially in Kalimantan and
05:51Sulawesi means a lot
05:53heavy rain and everything causes floods
05:55this also affects
05:57our investment financing
05:59in terms of industry, we are
06:01very heavy, the challenge is quite heavy
06:03but nevertheless
06:05our hope is that we still experience
06:07growth even though maybe not
06:09or maybe around
06:116-7%
06:136-7% when the production
06:15meets some challenges
06:17some sectors that usually support
06:19automotive financing industry
06:21then mining sector is also experiencing
06:23pressure even though
06:25the factors are different
06:27how do you see yourself
06:29with the industry as a whole
06:31then we look again at the subsector
06:33to the financing sector itself
06:35Nailul Huda
06:37for example, if you mentioned
06:39the issues, Mr. Suwande
06:41the issue is
06:43disturbing from the financing industry
06:45then there is
06:47the purchasing power issue
06:49the purchasing power issue is quite long
06:51if we look at it actually
06:53in January
06:55for car sales
06:57it was quite long
06:59compared to December
07:01but it did increase again in February
07:03I think
07:05if we look at
07:07the demand
07:09for Eid
07:11and Ramadhan
07:13it did increase
07:15if we look at
07:17the demand
07:19then we also
07:21see from the side
07:23there is an increase in income
07:25in Ramadhan
07:27for March data, unfortunately
07:29if we look at it
07:31there is an increase in demand
07:33for
07:35payment
07:37because anyway
07:39when entering Ramadhan and approaching Eid
07:41the demand for payment
07:43this is quite significant
07:45first for two sectors
07:47retail sector means
07:49for consumption
07:51then also from the side
07:53real payment
07:55this is what I see actually
07:57quite increased when Eid
07:59people must be
08:01for him
08:03for him to spend
08:05the need for Google Featuring
08:07when he
08:09uses, if not using
08:11credit card, they will
08:13use payment
08:15moreover, now
08:17BNPL is quite popular
08:19which includes payment
08:21which I think it will increase
08:23when approaching
08:25Eid, people
08:27bought sandang
08:29then also bought
08:31transportation tickets and so on
08:33maybe more now
08:35quite a lot of people are using BNPL services
08:37automatically
08:39for payment
08:41for the consumption sector
08:43it will also increase when
08:45approaching Eid
08:47Mr. Suwandi, the realization
08:49on the field, what is it like?
08:51if you have projected
08:53there is an increase in Eid
08:55like now, is it
08:57really a very limited increase
08:59or the challenge of people's purchasing power
09:01which is still
09:03a hindrance
09:05Mr. Suwandi
09:07I think
09:09the issue of purchasing power
09:11actually not only happened in
09:132025, we actually
09:15have experienced the issue of purchasing power
09:17since 2024
09:19and this actually affects our growth too
09:21it means actually if we
09:23look at the trend of Indonesian people
09:25related to vehicles
09:27they usually already have
09:29planning
09:31for cars usually 5 years at once
09:33usually there will be a vehicle replacement
09:35motorcycle 2-3 years
09:37this is a trend
09:39while this trend
09:41is disturbed by the decrease in purchasing power
09:43because of that, for example, the sale
09:45of four-wheel drive at the end of 2024
09:47only reached the number
09:49875 thousand
09:51from what is estimated
09:53by Gaikindo, for example,
09:55one million is not achieved
09:57motorcycles are still better, for example, there is an increase
09:59of about 2-3 percent
10:01the cause of this decrease
10:03in purchasing power is still
10:05affected in 2025
10:07earlier said by
10:09Mr. Nahlul that
10:11our consumers
10:13tend to be
10:15in the month of Ramadan
10:17there will be an increase, it also happened earlier
10:19said by Mr. Prasetyo himself
10:21the demand for
10:23motorcycles
10:25has increased by 6-7 percent
10:27even significant cars
10:29actually the significance of cars is also
10:31influenced by
10:33the existence of IEMS
10:35yes sir, Mr. Prasetyo
10:37in February
10:39there were a lot of SPK
10:41it means that this may
10:43have an impact in March
10:45and of course
10:47every financing company has
10:49their own way of
10:51approving or
10:53acquisition of
10:55incoming applications and of course
10:57this is also a blessing
10:59for financing companies
11:01for example from the side of volume because
11:03they already feel a decrease in volume
11:05if I talk to
11:07financing companies
11:09they also estimate that 2025
11:11is very difficult even
11:13if we look at the months
11:15February to March or January February
11:17February to March there is still an increase
11:19our challenge is still very big
11:21related to the decrease
11:23in purchasing power because we see
11:25our consumerism is indeed
11:27disturbed
11:29for example, many companies
11:31that violate their employees and everything
11:33a lot of
11:35business actors
11:37for example in the textile industry, in other industries
11:39also experience
11:41what is called a decrease
11:43in offset and everything even
11:45for the company and everything
11:47this certainly disturbs our consumerism
11:49and this is what we feel until now
11:51we also have OJK data
11:53that records the company's
11:55own financing debt grew
11:576.94% as mentioned
11:59annually but this is also lower
12:01compared to December
12:03which reached 6.92% annually
12:05we will discuss again in the next segment
12:07Mr. Sohandi, Mr. Nelul, we will be away for a while
12:09and Mr. Mirsa, make sure you
12:11are still with us
12:15thank you
12:21thank you for joining us
12:23in the next market review
12:25we will deliver data for you
12:27related to the amount of debt from
12:29financing companies
12:31this is data per January 2025 from the Financial Services Authority
12:33which reached
12:35504.33 trillion rupiah
12:37compared to December 2024
12:39at 503.43 trillion
12:41then compared to January 2024
12:43also experienced an increase
12:45at 475.58 trillion rupiah
12:49and next we will see
12:51how about NPF
12:53or Non Performing Financing
12:55from the financing industry
12:57grossly per January
12:59recorded 2.96%
13:01and this is higher
13:03compared to January 2024
13:05which recorded 2.7%
13:07also higher than
13:09January 2024
13:11which recorded 2.5%
13:13this is for NPF gross
13:15then how about
13:17the net NPF
13:19we can see again
13:21January 2025 for the net NPF
13:23reached 0.93%
13:25while compared to December
13:272024
13:290.75%
13:31January 2024 0.69%
13:33this is some data
13:35that we have delivered
13:37we will continue the discussion
13:40Mr. Suwandi, with some data
13:42that has been delivered
13:44what do you think about the OJK data
13:46the financing debt
13:48from the financing company itself increased
13:50but it is not as fast
13:52as in January 2024
13:54is this in accordance with the target
13:56of the business owner
13:58or do you see the challenge
14:00that we have discussed
14:02as a deterrent
14:04for the financing industry in 2025
14:07yes, Mr. Pras
14:09if it is related to our desire to grow
14:11we want to grow much higher
14:13it means that
14:15we ourselves as an association
14:17project the growth
14:19around the base
14:217-8%
14:23but if optimistically
14:25we expect 8-10%
14:27even the OJK itself
14:29if we are more confident
14:31we hope it can grow
14:33back to double digit
14:35but it also affects
14:37the purchasing power
14:39it means that the demand
14:41related to our financing
14:43cannot create growth
14:45if the demand itself decreases
14:47what happens if we talk about
14:49non-performing financing
14:51NPF data
14:53it will be reflected
14:55by itself
14:57because in 2022-2023
14:59we experienced
15:01high growth
15:03compared to the beginning
15:05so what happens
15:07if in the financing industry
15:09all the payments
15:11will be
15:13monthly
15:15with monthly payments
15:17the rundown
15:19if there is a large volume increase
15:21the rundown will also be large
15:23if not filled
15:25with increasing volume
15:27of course the share will decrease
15:29with a decrease in the share
15:31the NPF will increase
15:33NPF around 2.9 in January 2025
15:35we still feel
15:37this is still
15:39the number is still within the tolerance
15:41and we can still
15:43manage
15:45and of course
15:47the OJK rule refers to
15:49non-performing financing
15:51which was in January 2025
15:53still 0.93%
15:55the rule we cannot exceed
15:575%
15:59non-performing financing
16:01cannot exceed 5%
16:03if we look at
16:05the portfolio, it is still quite healthy
16:07Mr. Prasetyo
16:09and with that, what can be seen
16:11from the financing industry
16:13from gross to net
16:15financing companies have been very careful
16:17to reserve their doubts
16:19according to
16:21PSAK 71
16:23this is what we can say
16:25in the middle of a situation
16:27we face where
16:29the rundown becomes higher
16:31or bigger
16:33than what is included in the volume
16:35of course we must
16:37also maintain
16:39we have
16:41the share or volume
16:43of these financing companies and other ways
16:45we approach is
16:47financing companies have quite a lot of data
16:49around 25 million active data
16:51Mr. Prasetyo
16:5325 million active data
16:55in the middle of a slowdown
16:57or a decrease in purchasing power
16:59we try to create our own market
17:01OJK itself has opened
17:03an opportunity for financing companies
17:05can finance
17:07working capital, business capital
17:09with BPKB guarantees
17:11such as heavy equipment invoices
17:13and others
17:15this is what we can dig and we can offer
17:17to customers who have
17:19paid very well
17:21the portfolio is healthy and others
17:23we ask
17:25it's better if BPKB is not taken
17:27for example there is a need
17:29not for the business
17:31of the debit
17:33for example, is it an UMKM business
17:35which may be used
17:37BPKB to get back
17:39business capital or working capital
17:41they can give it back to us
17:43before the car is replaced
17:45to become a new vehicle
17:47this is what we try
17:49and hopefully
17:51these efforts
17:53become a part of
17:55we maintain stable growth
17:57and even if it can increase
17:59it has actually happened
18:01in 2024
18:03that's the strategy prepared
18:05with some product innovations
18:07offered to consumers
18:09Mr. Nailul, what do you see
18:11with the risk profile, even though
18:13still within the tolerance limit
18:15below 5% if we talk about
18:17NPF from the financing sector
18:19what are some innovations
18:21that have been prepared to maintain
18:23the industry performance in 2025?
18:25Yes, I told Mr. Aswandi
18:27that the limit is still
18:29within the tolerance limit
18:31regulated by the OJK
18:33but if we look
18:35there is an increase
18:37that somehow
18:39we have to be aware
18:41the first is if we look
18:43from the financing side
18:45when it grows
18:47the growth is around 6%
18:49if we round it
18:51then if we look from the
18:53future
18:55when there is
18:57an increase in demand
18:59for multipurpose
19:01purchase
19:03or mutual purchase
19:05we see there is
19:07a potential increase in NPF
19:09both gross and net
19:11because if we look
19:13from the side when there is
19:15an increase in financing
19:17the potential for failure
19:19is quite high, the second
19:21is what we don't want
19:23actually happens when
19:25a lot of people are NPF
19:27of course if we look
19:29from the NPF profile
19:31mostly from the public
19:33then the industry
19:35and so on
19:37maybe they still
19:39have debts
19:41debt of vehicle financing
19:43and so on
19:45I think this PHK can be related
19:47to the increase in NPF
19:49the increase in failure to pay
19:51in the transportation sector
19:53this is what we don't
19:55actually want
19:57but if we don't want it
19:59the potential can increase
20:01due to the existence of PHK and so on
20:03the second
20:05the third that I refer to
20:07is from the purchase power
20:09of the community
20:11then if we look
20:13there are some that
20:15are used for investment
20:17or capital
20:19continue to work capital
20:21investment and so on
20:23then there is
20:25the idea of ​​buying the community
20:27which has not improved
20:29so the delay in consumer demand
20:31in an aggregate way
20:33will cause the economy to rotate
20:35it will slow down
20:37when the economy slows down
20:39due to the level of failure to pay
20:41that there is a potential to increase
20:43this is what I refer to
20:45the factors are quite a lot
20:47and I think the factors
20:49that are outside
20:51if we are an internal factor
20:53I think it has been done
20:55regarding the way
20:57credit scoring and so on
20:59but the external factors that cannot be recognized
21:01by the financing company
21:03which will be able to prevent
21:05or increase the potential failure to pay
21:07to the financing company
21:09that's the strategy
21:11provided by the PPI
21:13to adapt to the conditions
21:15we will discuss later in the next segment
21:17we will pause for a while
21:19we will be right back
21:21after this
21:31still talking with Mr. Suwandi Wiratno
21:33Chairman of the Association
21:35of Indonesia Financing
21:37and Mr. Nailul Huda, Director of Digital Sales
21:39Mr. Suwandi, what is the strategy?
21:41if it has been said
21:43when the threat of PHK
21:45is still high in 2025
21:47the potential of
21:49credit scoring and failure to pay
21:51from the customers
21:53or the PPI itself
21:55or the financing industry
21:57what has been mitigated?
22:01based on what Mr. Nailul said
22:03Mr. Nailul said
22:05that even though
22:07it is still within the tolerance limit
22:09of non-performing financing
22:11it still has to be the attention
22:13of the financing company
22:15what has been said has actually become our attention
22:17together
22:19even in various discussions
22:21between the financing company and the OJK
22:23we also said
22:25what are the issues?
22:27what has been said?
22:29Mr. Nailul said
22:31first of all, the potential of PHK
22:33which of course causes income
22:35rather than the debtor
22:37who is on the road, maybe can experience
22:39failure to pay and the loan can be disturbed
22:41we actually
22:43have a discourse, for example
22:45understand as long as communication can run
22:47between debtors and
22:49financing companies, we can do restructuring
22:51restructuring or rescheduling
22:53actually we have done this
22:55during COVID actually
22:57during COVID itself, we are also very
22:59very accommodative
23:01restructuring or rescheduling process
23:03is actually a process that
23:05is normal and
23:07will happen in the financial industry
23:09this is definitely the first potential
23:11that we will run
23:13whereas for example, it can't happen
23:15restructuring and rescheduling process
23:17because maybe looking for a job
23:19will also be long and slow
23:21maybe we can also be together
23:23with the debtor, as long as this communication
23:25is running, we will tell the debtor
23:27for example, let's do
23:29a deferral on the
23:31existing insurance, sold first
23:33later we will calculate
23:35for example, if there is an excess, we
23:37return it, it is in accordance with
23:39the law that applies
23:41for example, there is a deficiency, we can also
23:43say, for example, how much is the deficiency
23:45can it still be deducted?
23:47what we keep is the slickness of our debtor
23:49don't let our debtor
23:51get slicked
23:53or the financial information
23:55of the debtor
23:57we have to keep the collectability
23:59we have to convey this
24:01repeatedly, that the debtor
24:03now has the responsibility to keep
24:05the slickness so that it doesn't get
24:07a red note from the collectability
24:09because later on, he can't
24:11take a loan anymore
24:13because it's quite long, I'm sure
24:15this slickness will last and be there
24:17and be read
24:19for the new potential
24:21portfolio that we have to keep is
24:23we always rely on
24:25existing infrastructure, actually
24:27we already have slick, we also have
24:29private credit scoring
24:31we are also helped a lot, for example, by
24:33conducting our own scoring
24:35to our debitors
24:37we do analysis, potential and
24:39everything for anyone
24:41who can be
24:43agreed
24:45if there are new credits that come in
24:47that's why we are very careful, the volume
24:49itself is reduced
24:51so our care is the potential
24:53for the future, so that
24:55this healthy credit can happen
24:57in the middle of a situation
24:59that there is not much certainty
25:01earlier, you always said
25:03that there is PHK, then how
25:05the people
25:07and actually there are other factors
25:09Mr. Prasetyo that I want to
25:11convey, that
25:13business actors outside the financing
25:15complain about
25:17the behavior of Ognum Ormas
25:19it's like that
25:21Mr. Prasetyo, it means that in some areas
25:23for example, East Java, Central Java
25:25West Java, this is indeed a potential
25:27and even North Sumatra, this is already
25:29everywhere, it means that Ognum Ormas
25:31for example, disturb
25:33our debitors, for example
25:35in a situation that is
25:37uncertain, they feel
25:39that, how if I don't pay
25:41when visited by the debt collector
25:43they will come, so
25:45as a way to help solve
25:47the financing industry
25:49for example, let's
25:51give the car to me
25:53if there is a problem, let the financier
25:55relate to us, or not
25:57there are those who do
25:59for example, build a community
26:01this community, for example, let's
26:03be our members, later
26:05put a sticker on the vehicle, if it
26:07is executed, we will
26:09come together to do a demo
26:11and everything, these potentials
26:13actually disturb us
26:15maybe we become more worried
26:17and afraid to give consent in certain areas
26:19and finally
26:21the people are also disadvantaged
26:23because those who live in that area
26:25are not necessarily people
26:27for example, do not want to communicate
26:29at a difficult time, but people
26:31who still have good intentions
26:33but the good intentions that exist
26:35also make us worried
26:37because there are many
26:39in social media that feel
26:41if it is opened, sell vehicles
26:43STNK only
26:45is it legal?
26:47for example,
26:49the community fails to pay
26:51is there a good community?
26:53this is actually
26:55we also ask for the role
26:57of the government to be there
26:59to help us from the law enforcement
27:01together with us
27:03we have to convey that
27:05related to the efforts
27:07of people who
27:09want to get
27:11a benefit from society
27:13and he will control the vehicle
27:15for a while by buying it cheap
27:17even though it is not legal
27:19there is also information
27:21that may need to be discussed
27:23together with Nailul
27:25how do you see the potential
27:27of the financing industry throughout
27:292025, even though we know the momentum
27:31of this year's Eid
27:33okay, there is growth, but it can
27:35maybe not according to expectations
27:37the growth, please
27:39yes, for this year
27:41until Eid, I'm sure
27:43there is still growth
27:45even though it is slower
27:47if we look from the side
27:49a little bit that he has
27:51the potential, then
27:53the purchasing power is still weak
27:55then there are PHK and the like
27:57it will definitely slow down the growth
27:59from financing compared to
28:01last year, the second
28:03if for the duration of 2025
28:05we certainly hope
28:07there is still positive growth
28:09if
28:11Mr. Suwandi said
28:13that his hopes can still grow
28:15in 2 digits at 10% maximum
28:17yes, this is what we
28:19see, even though
28:21it is heavy from the
28:23economic side and so on, of course
28:25we want from the government
28:27to have a strategy that can
28:29at least not interfere
28:31with the multi-financial
28:33business itself, with the
28:35government, Mr. Suwandi said
28:37that it must be balanced, etc.
28:39communities that he
28:41deliberately failed to pay
28:43are also handled by the government
28:45and also don't forget, the government must also be able to
28:47increase the purchasing power of the community
28:49so that the community can
28:51consume again, because if we
28:53look at this,
28:55the share for consumption
28:57is getting thinner
28:59the public's disposable income
29:01is getting thinner, which in the end
29:03is not good for the industry
29:05including the insurance industry
29:07we hope there are
29:09government policies that can
29:11increase the purchasing power of the community
29:13so that later the demand for goods
29:15will increase and the insurance industry
29:17will also have a positive impact
29:19that's the most important thing that increases
29:21the purchasing power of the community with various policies
29:23both fiscal and monetary that are
29:25expected to be implemented in 2025
29:27unfortunately this time is limited
29:29Mr. Suwandi, thank you very much for the update
29:31and the information that has been given to the audience
29:33Mr. Nelul, thank you also for the analysis
29:35that has been conveyed to the audience today
29:37continue your activities again
29:39good health, see you again
29:41thank you Mr. President
29:43Mr. Nelul