Indonesia bans foreign investment in fishing business
Indonesian Maritime Affairs and Fisheries Minister Susi Pudjiastuti has reiterated her support for Indonesia’s tough policy forbidding foreign companies from investing in the local fishing business.
Maritime and fisheries sector contributes nearly 9 percent to the Indonesian economy (Source:Internet)
Jakarta (VNA) – Indonesian Maritime Affairs and Fisheries Minister Susi Pudjiastuti has reiterated her support for Indonesia’s tough policy forbidding foreign companies from investing in the local ✅fishing business, even in the era of the ASEAN Economic Community (AEC).
The fishing industry is included in the negative investment list, and the government will soon check the sources of investment received by business players in the industry to make sure that the rules are obeyed.
The strict measures on fishing are aimed at preserving biodiversity in Indonesian waters, Minister Pudjiastuti said.
She urged local fishermen to support the effort by avoiding the use of explosive, poisons and trawl-fishing.
The minister stressed that foreign investors are allowed to operate in Indonesia but only in the management of fisheries.
The Indonesian Government has supported foreign investment in management such as cold storage, fish-product manufacturing and other downstream maritime businesses.
Maritime and fisheries sector contributes nearly 9 percent to the Indonesian economy.-VNA
Officials from the Vietnamese and Indonesian fisheries sectors will discuss maritime-related issues including law enforcement in the fisheries sector and how to monitor and solve illegal fishing at an upcoming workshop in Ho Chi Minh City .
Vietnam's seafood products were shipped to over 160 countries worldwide this year, helping the country become one of the world's top 10 seafood exporters, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.
The export of tuna, one of Vietnam’s key export aquatic products, is likely to continue rising in the coming months, said the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam and a number of other countries shared their experience in developing fisheries cooperatives at a seminar in the central coastal city of Da Nang on June 15.
A delegation from the Vietnamese Ministry of Industry and Trade is now making a working visit to Indonesia to bolster aquaculture trade links between the two countries.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Maritime and fisheries sector contributes nearly 9 percent to the Indonesian economy (Source:Internet)
