TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Waste is gold: When pawnshop meets waste bank in N. Jakarta

  • The Jakarta Post

Jakarta   /   Wed, April 10 2019   /  12:47 am

People living in North Jakarta have noticed an unlikely business thriving in their neighborhood — trading in household waste for gold.Does this sound too good to be true? The neighborhood of Wijaya Kusuma is enjoying the gold rush.Resident Sulistiyowati Soepomo has embraced a new adage: The more recyclable items like plastic bottles, paper and metal you collect, the more gold awaits you.It is a new business opportunity initiated by the government involving the community, neighborhood waste bank and public pawnshop PT Pegadaian.And here is how the program works. People collect recyclable items and have them weighed at the local waste bank every Tuesday. The waste is then consigned to the bank, which will resell it to the North Jakarta administration, which commits to buying the recyclables.Afterward, the waste bank reports the amount of cash a customer has made to the North Jakarta bran...