Busang gold mine and DPR<\/p>\n
From Adil<\/p>\n
The Busang gold project in East Kalimantan has triggered a lot
\nof debate in society. Some based their arguments on Article 33 of
\nthe 1945 Constitution. And since the mega project will involve a
\nhuge profit, it is hoped the government will make a wise
\ndecision, just like it did regarding oil when the state-owned oil
\ncompany Pertamina received 85 percent of the profit and foreign
\ninvestors were awarded 15 percent.<\/p>\n
Others said that we should know our capacity, being short of
\ncapital and lacking the technology to tap natural resources.<\/p>\n
Indonesia has been using sophisticated technology in its
\nsuccessful production of aircraft, and managing the Busang gold
\nmine therefore should not cause a headache. Concerning the
\nfunding of the project, Indonesia can tender it in the capital
\nmarket, or obtain foreign loans without directly involving
\nforeign investors in the project. Some monetary experts have even
\nsuggested that the government deploy a \"deficit spending\" system
\nwhich means the government should print enough money to fund the
\nproject.<\/p>\n
Unfortunately, political development is not conducive to the
\ngold mine project and people are critical of conglomerates. So it
\nwould be better if the project was managed by the existing state-
\nowned company, or by a new specially-established state company.<\/p>\n
Every decision would invite pros and cons. Therefore, for the
\nsake of political stability, it would be wise for the government
\nto consult the House of Representatives, to deliberate on
\nmatters. By doing so, the interests of the people would be
\nincluded in the decision making process.<\/p>\n
H. M. SANUSI<\/p>\n
Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/busang-gold-mine-and-dpr-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }