Indonesian Political, Business & Finance News

Archive: 27 July 2010

8 articles found

Govt aims to achieve rice, corn self sufficiency in 2014

Plus they drained the peat bogs for Suharto's Mega Rice fuck up thus massively adding to global warming. Indo rice is crap anyway, all sticky and stodgy. They should at least grow long grain. Or

Govt aims to achieve rice, corn self sufficiency in 2014

teh rice self-sufficiency fetish seems common in asia. perhaps it can be traced back to when famines were more common in these parts. what ever the reason, indonesian farmers are not very good at rice growing. they are not especially productive and they demand (and a given) subsidised fuel and fertilizers to grow their sub-standard products. furthermore, they are protected from competition from efficient rice producers like vietnam.

Govt aims to achieve rice, corn self sufficiency in 2014

"Self-sufficiency in food production as a manifestation of food resilience is of great importance to meet the people`s basic necessities, and ensure national economic and political stability," he said. Bollocks, it's just typical Indo rice fetishism. Why self sufficient in rice? Why not sugar, tea, courgettes, broccoli? They should be diversifying their agricultural output and getting some cash crops going. What need for self sufficiency in a global marketplace?

Govt aims to achieve rice, corn self sufficiency in 2014

Maros, S Sulawesi (ANTARA News) - The government has set itself the target of achieving self sufficiency in rice and corn production in 2014, a minister said. To that end, the government had targeted the annual increase in rice and corn production at 3.22 percent and 10.02 percent respectively, Agriculture Minister Suswono said here on Monday. "This means that by 2014 rice production will reach 75.7 million tons and corn 17.66 million tons," he said.

RI suffers US$0.4 billion trade deficit with China: minister

Bandung, W Java (ANTARA News) - Indonesia is still suffering 0.3 billion dollars in its trade balance with china, Trade Minister Marie Elka Pangestu told a panel discussion on Monday. The trade deficit suffered by Indonesia was caused by the decline in its oil and gas exports, the minister said. She said that in order to overcome the trade deficit with China Indonesia needed faster and wider market access in the face of the Asean-China Free Trade Agreement (ACFTA).

Indonesia sees economy growing faster than forecast

JAKARTA: Indonesia's finance minister said the government expected its economy to grow at a faster than budgeted 5.9 per cent this year and predicted a smaller-than-forecast budget deficit. The stronger government finances may lead Southeast Asia's top economy to cut its debt issuance target for the rest of the year, which could boost its bonds and strengthen the case for its credit rating to be raised investment grade.

Investment Board Demand More Government Stake in Top Projects

TEMPO Interactive, Jakarta: The investment Coordinating Board has advised the governement take a more active role in public projects and leave the passive role of as the agency took over responsibility in offering government projects to foreign investors from the National Development Planning Agency.

Labor Woes at Aston Bali Resort and Spa

Deadline Looming for Staff at Aston Bali Resort and Spa to Accept New Jobs and Severance Payout. As reported on Balidiscovery.com, the recent bankruptcy of PT Dewata Royal International (DRI) - the former owners of Aston Bali Resort and Spa [See: Labor Woes at Aston Bali Resort and Spa], has placed the fate of employees at the popular hotel at risk. According to Bisnis Bali, hundred of the hotel's workers are in danger of becoming jobless and losing their severance entitlements.