The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) has almost finalized its draft of a bill to amend the 1995 Capital Markets Law, which is to be submitted to the House of Representatives for deliberation, The Jakarta Globe reported.
“The revisions are 90% ready,” Bapepam chairman Fuad Rachmany said on Tuesday. The issues covered include demutualization and immunity for regulators for actions undertaken in the course of their duties. The amendments are needed to allow the demutualization of the Indonesia Stock Exchange (IDX) to go ahead, a key step forward in the bourse’s plans to go public. As per the current legislation, the IDX is owned by 119 securities houses, each of which has an equal voting right.
The demutualization plan would allow the exchange to raise funds from the public to press ahead with its modernization program and help expand the domestic capital market, and is in line with the trend among bourses around the world. The proposed amendments would provide immunity from legal action for regulators with respect to bona fide actions taken in the course of their work.
“Immunity does not mean we’re above the law, but it will make our job much easier,” Rachmany said, adding that the measure would significantly ease the agency’s investigative process.
Regarding the establishment of a proposed financial services authority to take over the regulatory powers of Bapepam and the central bank, part of the package of bills to be submitted to the new House, Rachmany said more work was needed.
Source: Indonesia Trade & Inv News-21 July 2009
Monday, 27 July 2009
Ministry May Sink Fishing Concession Scheme
The Maritime Affairs and Fisheries Ministry appears to have rowed back on a controversial fishing concession scheme that critics say will result in traditional fishermen being forced to tie up their boats. The scheme, referred to locally as the “cluster system” and originally scheduled for introduction in January, envisaged large-scale fishing companies being awarded exclusive 30-year rights to manage fishing grounds based on tenders. “We will not put the regulation into effect in 2010. We are now gathering input and suggestions from all stakeholders, including fisheries experts, before taking any action,” Minister Freddy Numberi said on Wednesday. Freddy said the idea of introducing the concession was the result of rampant overfishing in many parts of the country. Indonesia has about 11 major fishing grounds, with more than 50 percent of these suffering from overexploitation, he added. The ministry took the view that the best way to prevent this would be to make individual companies responsible for managing their own areas, which would also facilitate monitoring by the ministry. The introduction of a concession scheme is provided for by a 2008 ministry regulation on fisheries management. However, fears have been expressed in many quarters over any such scheme’s potentially adverse consequences for traditional fishermen. Freddy acknowledged that if the scheme was introduced and licences granted to big fishing companies, it would be difficult to withdraw these, even if conflicts developed with traditional fishermen. “We’re not going to rush into making a decision,” Freddy said. “We need to see whether such a system is capable of accommodating traditional fishing communities.” Riza Damanik from the Fisheries Justice Coalition (Kiara), a nongovernmental organization concerned with the rights of traditional fisherfolk, had earlier urged the government to jettison its plan to grant concessions, arguing that these would only benefit big companies. “We can see just how arrogant the central government is in thinking that it can sell fisheries assets to private companies while denying the rights of traditional fishermen,” he said on Tuesday. “Therefore, we would seriously urge the government to withdraw the [2008] regulation as it has the potential to trigger conflict between traditional fishermen and the concessionaires.” He added that the new scheme would force out traditional fishermen from their livelihoods.
Source: Jakarta Globe, 23 July 09, p. section B
Source: Jakarta Globe, 23 July 09, p. section B
Kadin: Business Community Positive After Jakarta Bombings
Despite the large number of businesspeople including expatriates present when bombs went off in two Jakarta hotels on Friday, the Indonesian Chamber of Commerce and Industry said on Tuesday that it did not believe their presence was the inspiration for the attacks. Mohamad S. Hidayat, the chairman of the chamber, also known as Kadin, said he wanted to stress that we “do not think the group of executive businesspeople meeting on Friday [at one of the hotels] were targeted” by the terrorists. “What was targeted on Friday morning was an international hotel frequented by all types of people, from all sorts of nations and races.” Hidayat also told a news conference that “after Friday’s bombings we were immediately in contact with a number of chambers of commerce overseas and their reactions [toward Indonesia] remain positive.” “We didn’t try to force our views on them,” he said. “We listened to them and allowed them to express what they think, and what we are conveying today are their views.” Jakarta Governor Fauzi Bowo told the same news conference that there were no indications of any long-term impacts on the economy from the attacks. “There will be a bit of turbulence in the tourism sector, but I am confident it will not be for long,” Fauzi said.
Source: Jakarta Globe, 22 July 09, p. section A3
Source: Jakarta Globe, 22 July 09, p. section A3
Bombings have little impact on economy: Analysts
The latest bombings at the Ritz Carlton and JW Marriott hotels in Jakarta that killed at least nine people will have little impact on the country's economic recovery, analysts said on Friday, Channel News Asia reported.
While the blasts may hurt investor confidence in the short run, market observers noted that the longer term view is still bullish as fundamentals are in place for growth.
This includes surprise GDP growth in the first quarter of 2009, a positive outlook by ratings agencies on its sovereign rating, and an investor-friendly outcome from recent elections. The positive outlook assigned by Moody's Investors Service on Indonesia's credit ratings remains intact, said Aninda Mitra, Moody's primary analyst for Indonesia. "I find it very hard to see a wider or deeper impact on overall political stability or even on the economic outlook," said Aninda Mitra, Moody's primary analyst for Indonesia.
“I don't think that really changes anything. These kinds of incidents can and have happened anywhere so there's nothing unique about Jakarta or Indonesia,” said James McCormack, head of Asian sovereign ratings at Fitch. “It's not going to change our view on credit fundamentals or political stability or any of those issues,” he said.
“Terrorist threats in Indonesia are nothing new,” said Johanna Chua, head of Asian economic research at Citigroup Inc. in Hong Kong. “The economic impact will likely be limited.”
“While tourism and general retail and travel-related activities could be affected by the latest events, we expect the impact to be temporary,” said Chua.
Accor SA, Europe’s biggest hotelier and operator of 37 hotels in Indonesia, said it will push through with plans to develop 15 locations in the country, Bloomberg reported.
The Paris-based company, which has 11 hotels in Jakarta, “remains committed to Indonesia,” Gerard Guillouet, vice president for Accor operations in Malaysia, Indonesia and Singapore, said in an e-mailed statement. “Global factors are still in favor of Indonesia,” said Fauzi Ichsan, senior economist at Standard Chartered Plc in Jakarta. The economy is “fundamentally strong,” he said.
“Global factors are still in favor of Indonesia: pessimism over the US economy is receding, encouraging global investors to re-enter emerging markets, including Indonesia," Standard Chartered economist Eric Sugandi told Dow Jones Newswires.
The rupiah declined the most in two weeks and hotel stocks slumped after bombings. The rupiah slid 0.6% to close the day on Friday at Rp10,185 to the US dollar, compared to the close of 10,190 a week earlier. The currency reached 10,075 on Thursday.
Commenting on the potential for further weakness in the rupiah, Peter Redward, head of emerging Asia research at Barclays Plc in Singapore, said Bank Indonesia is in a strong position to support the market in the event of any slide. On the stock market, the Jakarta Composite Index lost 0.55% to 2,106.35, compared to 2,063.09 a week earlier.
"Obviously the blasts today have dragged down the index. The markets in the region have gone up," Ciptadana Securities analyst Syaiful Adrian told Agence France-Presse.
The cost of protecting Indonesia’s bonds from default rose five basis points to 2.87 percentage points, according to CMA DataVision in Singapore. The contracts rise as perceptions of credit quality deteriorate.
“There could well be a knee-jerk impact,” said Hugh Young, Asian managing director for Aberdeen Asset Management Plc. “Things like this are always a worry but one learns to live with it.”
“The weakness will be short-lived,” said Tim Condon, chief Asia economist at ING Groep NV in Singapore. “Markets will recover and if we go for another protracted period without any follow-up attacks then markets will forget about it and we will go back to the economic fundamentals.”
Source: Indonesia Trade & Inv News-21 July 2009
While the blasts may hurt investor confidence in the short run, market observers noted that the longer term view is still bullish as fundamentals are in place for growth.
This includes surprise GDP growth in the first quarter of 2009, a positive outlook by ratings agencies on its sovereign rating, and an investor-friendly outcome from recent elections. The positive outlook assigned by Moody's Investors Service on Indonesia's credit ratings remains intact, said Aninda Mitra, Moody's primary analyst for Indonesia. "I find it very hard to see a wider or deeper impact on overall political stability or even on the economic outlook," said Aninda Mitra, Moody's primary analyst for Indonesia.
“I don't think that really changes anything. These kinds of incidents can and have happened anywhere so there's nothing unique about Jakarta or Indonesia,” said James McCormack, head of Asian sovereign ratings at Fitch. “It's not going to change our view on credit fundamentals or political stability or any of those issues,” he said.
“Terrorist threats in Indonesia are nothing new,” said Johanna Chua, head of Asian economic research at Citigroup Inc. in Hong Kong. “The economic impact will likely be limited.”
“While tourism and general retail and travel-related activities could be affected by the latest events, we expect the impact to be temporary,” said Chua.
Accor SA, Europe’s biggest hotelier and operator of 37 hotels in Indonesia, said it will push through with plans to develop 15 locations in the country, Bloomberg reported.
The Paris-based company, which has 11 hotels in Jakarta, “remains committed to Indonesia,” Gerard Guillouet, vice president for Accor operations in Malaysia, Indonesia and Singapore, said in an e-mailed statement. “Global factors are still in favor of Indonesia,” said Fauzi Ichsan, senior economist at Standard Chartered Plc in Jakarta. The economy is “fundamentally strong,” he said.
“Global factors are still in favor of Indonesia: pessimism over the US economy is receding, encouraging global investors to re-enter emerging markets, including Indonesia," Standard Chartered economist Eric Sugandi told Dow Jones Newswires.
The rupiah declined the most in two weeks and hotel stocks slumped after bombings. The rupiah slid 0.6% to close the day on Friday at Rp10,185 to the US dollar, compared to the close of 10,190 a week earlier. The currency reached 10,075 on Thursday.
Commenting on the potential for further weakness in the rupiah, Peter Redward, head of emerging Asia research at Barclays Plc in Singapore, said Bank Indonesia is in a strong position to support the market in the event of any slide. On the stock market, the Jakarta Composite Index lost 0.55% to 2,106.35, compared to 2,063.09 a week earlier.
"Obviously the blasts today have dragged down the index. The markets in the region have gone up," Ciptadana Securities analyst Syaiful Adrian told Agence France-Presse.
The cost of protecting Indonesia’s bonds from default rose five basis points to 2.87 percentage points, according to CMA DataVision in Singapore. The contracts rise as perceptions of credit quality deteriorate.
“There could well be a knee-jerk impact,” said Hugh Young, Asian managing director for Aberdeen Asset Management Plc. “Things like this are always a worry but one learns to live with it.”
“The weakness will be short-lived,” said Tim Condon, chief Asia economist at ING Groep NV in Singapore. “Markets will recover and if we go for another protracted period without any follow-up attacks then markets will forget about it and we will go back to the economic fundamentals.”
Source: Indonesia Trade & Inv News-21 July 2009
Board of Logistic [BULOG] Cancels Rice Export
With the permission given to the private sector to export rice, the Board of Logistic BULOG cancelled were permitted to export rice. Such as disclosed by the Director of BULOG public Company Mustafa Abubakar to the pres.
To carry out the export plan, BULOG had held 5 meetings with supplier candidates and prospect buyer overseas. Further this was followed up by requesting recommendation from the Minister of Agriculture. However since the Minister of the Trade adopted a policy that the private sector were permitted to export rice, so the recommendation obtained from the Department of Trade was not submitted to the Minister of Trade as planned.
Up till now the volume of rice exported by the private company only reached 1,500 tons of the target set up by the Government: 100,000 tons. In fact the overseas demand for rice was significantly high. The quality of Indonesia’s premium rice was unmatched in world market. If only Indonesian’s farmers could increase their output of premium rice, then the golden opportunity could be grabbed.
As matter of fact, the overseas markets were also interested in buying organic rice. But Indonesian was not in position into produce pure inorganic rice. The process of making inorganic rice was only to started in Sragen. To produce inorganic rice called for special requirements, among others: the altitude of rice field should be higher than the rice fields not planted with organic rice. This was to prevent watering for the organic rice from being mixed with water containing chemical fertilizers, chemical pesticides etc. In addition to that, organic rice must be certified by the candidates overseas. Presently the farmers capable of producing popular organic rice, using the seeds of Ciherang, IR or Hybrid types, further to be fertilized with organic pesticide but the watering was sometimes still spoiled by inorganic rice filleds areas.
Procurement of Rice
By end of June 2009, realization of domestic rice procurement by BULOG was posted at 2.8 million tons, and target for 2009 was set at 3.8 million tons. Shortage of domestic rice procurement was around 1 million which was to be fulfilled from Gadu harvest. The regional resources of dry rice were among others South Sulawesi, East Java, Central Java, West Java, and West Nusa Tenggara [NTB], East Java, in terms of gadu rice set a target of rice procurement of 260,000 tons against the initial plan of 185,000 tons, whilst West Nusa Tenggara [NTB] increase rice procurement plan from 170,000 tons to become 175,00 tons.
In addition to that, the stock of rice in Bulog’s warehouse up till now reached 2.6 million tons which was sufficient for the rice for the poor program [Raskin] for 9 months ahead. Up to end of June 2009 the realization of Raskin distribution reached 105 million tons or 45% of 2009 target which distributed to 1805 million of poor families [RTM]. The low degree of Raskin realization program was caused by delay of execution, which was not exerdised until April 2009.
Sugar Distribution
Based on the collaboration between Bulog and PT Perkebunan [PTPN] and PT Rajawali Nusantara Indonesia [RNI] as sugar producers, Bulog would act as agency for sugar disyribution at 1.25% fee against sales. In 2008 Bulog handled sales of PTPN and RNI sugar at the amount of 260,000 tons. For 2009 it was agreed that Bulog would market sugar of PTPN and RNI amounting to 681,000 tons of which 38,889 tons had been realized. Auction price of sugar from farmers was lowering from Rp 7,200/kg to become Rp 6,500/kg to become Rp 6,800/kg.
The Government expected that price of sugar at retail level to be at Rp7,000/kg However, Price of sugar at the International market had influenced domestic price of sugar. The price of imported sugar up to importers storage was Rp 8,000/kg to Rp 8,400/kg.
Frying Oil
The Board of Logistic [BULOG] had not been assigned by the Government to handle marketing of frying oil. However, Bulog had submitted to proposed concepts of frying oil management to the Minister of State Owned companies [BUMN]. Firstly, Bulog would pipeline frying oil distribution though the rice for the poor [RASKIN] channel to fulfill need of the poor people. Secondly, BULOG would act as stabilizer of frying oil prices. For that purpose a fund was needed to buy stock of frying oil, besides, to stabilize frying oil price it was inevitable for Builog to hold stocks of frying oil.
To carry out the export plan, BULOG had held 5 meetings with supplier candidates and prospect buyer overseas. Further this was followed up by requesting recommendation from the Minister of Agriculture. However since the Minister of the Trade adopted a policy that the private sector were permitted to export rice, so the recommendation obtained from the Department of Trade was not submitted to the Minister of Trade as planned.
Up till now the volume of rice exported by the private company only reached 1,500 tons of the target set up by the Government: 100,000 tons. In fact the overseas demand for rice was significantly high. The quality of Indonesia’s premium rice was unmatched in world market. If only Indonesian’s farmers could increase their output of premium rice, then the golden opportunity could be grabbed.
As matter of fact, the overseas markets were also interested in buying organic rice. But Indonesian was not in position into produce pure inorganic rice. The process of making inorganic rice was only to started in Sragen. To produce inorganic rice called for special requirements, among others: the altitude of rice field should be higher than the rice fields not planted with organic rice. This was to prevent watering for the organic rice from being mixed with water containing chemical fertilizers, chemical pesticides etc. In addition to that, organic rice must be certified by the candidates overseas. Presently the farmers capable of producing popular organic rice, using the seeds of Ciherang, IR or Hybrid types, further to be fertilized with organic pesticide but the watering was sometimes still spoiled by inorganic rice filleds areas.
Procurement of Rice
By end of June 2009, realization of domestic rice procurement by BULOG was posted at 2.8 million tons, and target for 2009 was set at 3.8 million tons. Shortage of domestic rice procurement was around 1 million which was to be fulfilled from Gadu harvest. The regional resources of dry rice were among others South Sulawesi, East Java, Central Java, West Java, and West Nusa Tenggara [NTB], East Java, in terms of gadu rice set a target of rice procurement of 260,000 tons against the initial plan of 185,000 tons, whilst West Nusa Tenggara [NTB] increase rice procurement plan from 170,000 tons to become 175,00 tons.
In addition to that, the stock of rice in Bulog’s warehouse up till now reached 2.6 million tons which was sufficient for the rice for the poor program [Raskin] for 9 months ahead. Up to end of June 2009 the realization of Raskin distribution reached 105 million tons or 45% of 2009 target which distributed to 1805 million of poor families [RTM]. The low degree of Raskin realization program was caused by delay of execution, which was not exerdised until April 2009.
Sugar Distribution
Based on the collaboration between Bulog and PT Perkebunan [PTPN] and PT Rajawali Nusantara Indonesia [RNI] as sugar producers, Bulog would act as agency for sugar disyribution at 1.25% fee against sales. In 2008 Bulog handled sales of PTPN and RNI sugar at the amount of 260,000 tons. For 2009 it was agreed that Bulog would market sugar of PTPN and RNI amounting to 681,000 tons of which 38,889 tons had been realized. Auction price of sugar from farmers was lowering from Rp 7,200/kg to become Rp 6,500/kg to become Rp 6,800/kg.
The Government expected that price of sugar at retail level to be at Rp7,000/kg However, Price of sugar at the International market had influenced domestic price of sugar. The price of imported sugar up to importers storage was Rp 8,000/kg to Rp 8,400/kg.
Frying Oil
The Board of Logistic [BULOG] had not been assigned by the Government to handle marketing of frying oil. However, Bulog had submitted to proposed concepts of frying oil management to the Minister of State Owned companies [BUMN]. Firstly, Bulog would pipeline frying oil distribution though the rice for the poor [RASKIN] channel to fulfill need of the poor people. Secondly, BULOG would act as stabilizer of frying oil prices. For that purpose a fund was needed to buy stock of frying oil, besides, to stabilize frying oil price it was inevitable for Builog to hold stocks of frying oil.
Government to Issue Decree of The Ministry of Communication and Information on The Operation of Internet Protocol Television
Having consulted the public on June 16 to 19 2009, the Department of Communication and Information had just completed the Draft of the regulation of the Ministry of Communication and Information on Conducting the Internet Protocol Television/IPTV in Indonesia, it was expected that in the near future this draft of the Ministry Regulation would be passed, this was disclosed by Head of the Center of Information and Public Relations, Department of Comm and Info, Gatot Dewa Broto To the press.
In that public consultation, certain responses gad been addressed to the “white paper” i.e. Policy Plan of the Conducting of IPTV in Indonesia, among others from PT Telcom, PT Excelmindo Pratama, and PT Indonusa Telemedia; result of the consultant had become subject of discourse with various parties toward finalization of the draft.
The operation of IPTV had been developing vastly today as highly prospective business opportunity especially in Western Europe, and Amerika. IPTV developed significantly since 2007 in line with the introduction of you Tube, social network site My Face, Facebook etc.
IPTV services presented interactive program’s with high quality pictures through broadband, well managed internet network. Among the IPTV programs were Electronic Program Guide, Broadcast/Live TV, Pay Per View, Personal Video Recording, Pause TV, Video on Demand, Music on Demand, [walled garden], Gaming, Interactive Advertisements, and TV Commerce.
In Indonesia there were several telecommunication operators who were interested to present the services. This indicated that the draft were not made just for the sake of copying other countries, but rather because of International tendency which was potential in Indonesia while Indonesia operators while condition were conducive for such operations.
The most essential thing in this case was the permit procedure, The consortium consist of a combination of at least some legal bodies in Indonesia who were bound in a company [PT] which were authorized to operate in telecommunication business line; they might apply in writing to the Minister to obtain a permit including there in the required enclosures.
In that public consultation, certain responses gad been addressed to the “white paper” i.e. Policy Plan of the Conducting of IPTV in Indonesia, among others from PT Telcom, PT Excelmindo Pratama, and PT Indonusa Telemedia; result of the consultant had become subject of discourse with various parties toward finalization of the draft.
The operation of IPTV had been developing vastly today as highly prospective business opportunity especially in Western Europe, and Amerika. IPTV developed significantly since 2007 in line with the introduction of you Tube, social network site My Face, Facebook etc.
IPTV services presented interactive program’s with high quality pictures through broadband, well managed internet network. Among the IPTV programs were Electronic Program Guide, Broadcast/Live TV, Pay Per View, Personal Video Recording, Pause TV, Video on Demand, Music on Demand, [walled garden], Gaming, Interactive Advertisements, and TV Commerce.
In Indonesia there were several telecommunication operators who were interested to present the services. This indicated that the draft were not made just for the sake of copying other countries, but rather because of International tendency which was potential in Indonesia while Indonesia operators while condition were conducive for such operations.
The most essential thing in this case was the permit procedure, The consortium consist of a combination of at least some legal bodies in Indonesia who were bound in a company [PT] which were authorized to operate in telecommunication business line; they might apply in writing to the Minister to obtain a permit including there in the required enclosures.
Indonesia’s Export of Fish and Shrimps Marks an Upturn
The epidemy of bird’s flu and swine flu in the world resulted in boosting of fish and shrimps export from Indonesia.
The consumers of Japan, United States of America and Europe which were the main targets of Indonesia’s fish and shrimps exports had shifted to these two commodities for reasons safety.
“There were fears of chicken meat and beef being infected by birds flu and swine flu, hence it is felt safer to convert to fish and shrimps” this was told by Kusdianto, Spokesperson of the Department of Maritime to Business News by phone on Thursday [2/7].
This applied also to other export destination states for Indonesian fish and shrimps, like east Europe, the Middle East, and others.
“Demand from middle east, in spite of the small quantity, increase one hundred percent” Kasubdit Ekspor BPS: Volume Ekspor Ikan dan Udang naik 27% Pada bulan 2009 Sub-Division Head of Export BPS: Volume of Fish and Shrimps Export Up by 27 percent in May 2009.
Total export volume of Indonesian fish and shrimps in May 2009 was up by 27.03 percent to become 59,500 tons compared to export volume of previous month.
As far as the state income was concerned, there had been an increase of 1.94 percent to become USD 137 million by May 2009, compared to income in April of the same year, this was disclosed by Dr Titi Kanti, Sub-Division Head of BPS Export to Business News Wednesday [1/7].
The Director General of Cultivation and Production, Department of Maritime and Fishery Fish Pond Areas to be Expanded to Increase Shrimp Production Output.
Optimizing the shrimp ponds in several places in Indonesia has jacked up the production out put of shrimps.
There were numerous shrimp ponds which were being abandoned since the epidemy of disease which effected the windu shrimps, now were being once more to cultivate the Vaname or white shrimp species.
This had been happening since last year, particularly in Sulawesi and Kalimantan.
“The demand for shrimps never went down and continued to increase; with the upturn of production, automatically the export of shrimps would increase” this was disclosed by the Directorate of Cultivation and Production and Maritime and Fishery to Business News by phone Thursday [2/7].
The consumers of Japan, United States of America and Europe which were the main targets of Indonesia’s fish and shrimps exports had shifted to these two commodities for reasons safety.
“There were fears of chicken meat and beef being infected by birds flu and swine flu, hence it is felt safer to convert to fish and shrimps” this was told by Kusdianto, Spokesperson of the Department of Maritime to Business News by phone on Thursday [2/7].
This applied also to other export destination states for Indonesian fish and shrimps, like east Europe, the Middle East, and others.
“Demand from middle east, in spite of the small quantity, increase one hundred percent” Kasubdit Ekspor BPS: Volume Ekspor Ikan dan Udang naik 27% Pada bulan 2009 Sub-Division Head of Export BPS: Volume of Fish and Shrimps Export Up by 27 percent in May 2009.
Total export volume of Indonesian fish and shrimps in May 2009 was up by 27.03 percent to become 59,500 tons compared to export volume of previous month.
As far as the state income was concerned, there had been an increase of 1.94 percent to become USD 137 million by May 2009, compared to income in April of the same year, this was disclosed by Dr Titi Kanti, Sub-Division Head of BPS Export to Business News Wednesday [1/7].
The Director General of Cultivation and Production, Department of Maritime and Fishery Fish Pond Areas to be Expanded to Increase Shrimp Production Output.
Optimizing the shrimp ponds in several places in Indonesia has jacked up the production out put of shrimps.
There were numerous shrimp ponds which were being abandoned since the epidemy of disease which effected the windu shrimps, now were being once more to cultivate the Vaname or white shrimp species.
This had been happening since last year, particularly in Sulawesi and Kalimantan.
“The demand for shrimps never went down and continued to increase; with the upturn of production, automatically the export of shrimps would increase” this was disclosed by the Directorate of Cultivation and Production and Maritime and Fishery to Business News by phone Thursday [2/7].
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