Quoting: biznews [ "It is feared to create unemployment and systemically damage national resilience in a new form, namely economic warfare," He should know, it's a war that was waged on Indonesia's poorest for 30 years by his party.

TEMPO Interactive, Jakarta:President Susilo Bambang Yudhoyono has said the government is still maintaining its commitment in carrying out the ASEAN-China Free Trade agreement. “Indonesia does not want to be seen as not complying with what has already been formulated by ASEAN members,” Yudhoyono said following a meeting with leaders of state foundations at the Bogor Palace yesterday.

golkar rentiers crawl out from the woodwork...

Jakarta (ANTARA News) - Implementation of the Asean-China Free Trade Agreement (ACFTA) will pose a serious threat to the national economic foundation and resilience. Member of Golkar Party faction at the House of Representative`s (DPR) Commission-I Fayakhun Andriadi said here on Friday that if ACFA was implemented, it would damage the order of national economic foundation and national resilience.

West Sulawesi could attract up to $1 billion in foreign direct investment this year, Investment Coordinating Board chairman Gita Wirjawan said during a visit to the province on Thursday. Gita said West Sulawesi’s agricultural and fisheries resources, as well as its oil reserves and potential as a source of hydroelectricity, made it attractive to foreign investors.

Ever since the ASEAN-China Free Trade Agreement was implemented, concerns have risen over the readiness of Indonesia’s industries to compete with China’s labor and products. Most industries were worried that, without protective measures, their goods would be replaced in the Indonesian market by less expensive goods from China.