Indonesia

UAE to Invest 700 Billion U.S. Dlrs to East Asia

The United Arab Emirates plans to invest up to 700 billion US dollars in East Asia as the country had huge profits from soaring oil prices in recent years, Head of the Indonesian Capital Investment Coordinating Board Muhammad Lutfi said in Jakarta Thursday. Among the sectors for possible investment are energy, agriculture, tourism and food security.

In Land Grab, Food Is Not the Only Consideration

Governments in developing countries should exercise caution when granting land concessions to foreign governments and corporations. Despite the short-term investments, most – if not all – of the production will be exported, making the long-term food security situation even worse in these host countries.

Qatar, Malaysia agree on joint investments

Qatar and Malaysia have agreed to look at the possibility of investing in Islamic countries, particularly in growing food. Malaysian Foreign Minister Dr Rais Yatim told Gulf Times that certain states in his country did have land for joint cultivation but “what we are encouraging is for the two countries to go, for example, to Indonesia, or to another (Muslim) country”.

Farmers' self reliance the only means to develop sustainable food security

Deputy for agriculture and fisheries to the coordinating minister for economic affairs Bayu Krisnamurthi earlier said that the government had given a priority to a regulation pertaining to the development of food estates to support Indonesia`s food security. According to him, the economic affairs coordinating ministry was drafting a regulation, 90 percent of which had been completed.