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Head of the Centre for Bilateral Regional Policy of the Indonesian Finance Ministry’s Fiscal Policy Agency Nella Sri Hendriyetty speaks at the Plenary and Caucus Meeting of the ACAFTA Sub Working Group on Financial Services  from May 22–24, 2023. (Photo: antaranews.com) Jakarta (VNA) - The Association of Southeast Asian Nations (ASEAN) has continued to strengthen economic cooperation through the ASEAN-Canada Free Trade Agreement (ACAFTA) negotiations to respond to the impacts of the ongoing global economic slowdown . According to Nella Sri Hendriyetty, head of the Centre for Bilateral Regional Policy of the Indonesian Finance Ministry’s Fiscal Policy Agency (BKF), the negotiations are important for Indonesia to expand market access for both goods and services. In her opening remarks at the Plenary and Caucus Meeting of the ACAFTA Sub Working Group on Financial Services held in Banten province from May 22–24, Nella affirmed that the effort could also increase … [Read more...] about ASEAN speeds up FTA negotiations with Canada

Jakarta (VNA) - Indonesia will continue exporting some raw minerals in 2024 in the context that domestic companies are rushing to finish smelters to process the metal ore, said Minister of Energy and Mineral Resources Arifin Tasrif. The resource-rich country had planned to ban exports of all metal ore starting in June 2023 to encourage investment in the domestic processing industry . But copper, iron ore, lead, zinc and anode mud from copper concentrates will be allowed to leave the country until May next year so smelters, many of which were delayed by the COVID-19 pandemic, would be ready to handle the materials. The minister said banning exports prematurely would cost the country revenue and jobs. Companies can keep exporting if they pay export duties and if their smelters were at least half-completed as of January. But they will be fined for every month of delay, Arifin noted. The Indonesian government has said it would exempt copper miners Freeport Indonesia and … [Read more...] about Indonesia to allow exports of five raw minerals

The 78-year-old farmer’s "used-to" means around 10 years ago. "The river was healthy and gentle, now it’s like a starving person who keeps eating into the bank." Erosion has occurred regularly along both the Hau and the Tien rivers, two tributaries of the Mekong, and many smaller river branches in the Mekong Delta. A report by the World Wide Fund for Nature in Vietnam and the Department of Natural Disasters Prevention at the Ministry of Agriculture and Rural Development said that by the end of 2021, the Mekong Delta had 621 major erosion areas that stretched for a total of around 610 km. Around 500 ha of land in the delta is lost to erosion every year, the report estimated. Erosion in the delta is not new, it’s just getting more serious. While climate change can be blamed as a natural cause, there are many man-made causes, from the construction of hydropower dams upstream along the Mekong, to the destruction of mangrove forests and sand mining. Nearly 40 million tons of … [Read more...] about Top-to-bottom changes needed to save Mekong Delta from erosion