Indonesia implements master economic development plan
The Indonesian Government is effectively carrying out an ambitious
programme in a bid to reduce unemployment rate, boost the nation’s
economic growth and narrow the development gap between regions.
The Indonesian Government is effectively carrying out an ambitious
programme in a bid to reduce unemployment rate, boost the nation’s
economic growth and narrow the development gap between regions.
The Master Plan for Acceleration and Expansion of Indonesia’s Economic Development (MP3EI), which was launched from May 2011 as a strategic breakthrough, was designed as part of the agenda for "development for all."
The MP3EI projects are geographically divided into six economic corridors, including the corridors of Sumatra, Kalimantan, Java, Sulawesi, Bali-Nusa Tenggara, and Papua-Maluku.
Sumatra is being designated as a centre for agriculture and energy, Java for industries and services, Kalimantan for mining and energy, Sulawesi and North Maluku for agriculture and fisheries, Bali and East and West Nusa Tenggara for tourism and supporting national food self-sufficiency, and Papua and Maluku for natural and human resources.
Indonesian President Susilo Bambang Yudhoyono recently expressed his satisfaction over the effective implementation of the programme. Since it was launched over two years ago, at least 259 projects have begun, with a total investment of 737.9 trillion Rp (around 66.4 billion USD).
The president was quoted as saying that the projects are becoming a reality thanks to cooperation among the central government, local administrations and business community.
One of the priorities in the MP3EI projects is the development of infrastructure, as the government wants to improve the connectivity of the archipelago nation which consists of over 17,000 islands.
It is estimated that Indonesia needs 4,800 trillion Rp in funds to improve the country’s basic infrastructures, based upon the medium-term development plan for the 2015-2019 period.-VNA
The Master Plan for Acceleration and Expansion of Indonesia’s Economic Development (MP3EI), which was launched from May 2011 as a strategic breakthrough, was designed as part of the agenda for "development for all."
The MP3EI projects are geographically divided into six economic corridors, including the corridors of Sumatra, Kalimantan, Java, Sulawesi, Bali-Nusa Tenggara, and Papua-Maluku.
Sumatra is being designated as a centre for agriculture and energy, Java for industries and services, Kalimantan for mining and energy, Sulawesi and North Maluku for agriculture and fisheries, Bali and East and West Nusa Tenggara for tourism and supporting national food self-sufficiency, and Papua and Maluku for natural and human resources.
Indonesian President Susilo Bambang Yudhoyono recently expressed his satisfaction over the effective implementation of the programme. Since it was launched over two years ago, at least 259 projects have begun, with a total investment of 737.9 trillion Rp (around 66.4 billion USD).
The president was quoted as saying that the projects are becoming a reality thanks to cooperation among the central government, local administrations and business community.
One of the priorities in the MP3EI projects is the development of infrastructure, as the government wants to improve the connectivity of the archipelago nation which consists of over 17,000 islands.
It is estimated that Indonesia needs 4,800 trillion Rp in funds to improve the country’s basic infrastructures, based upon the medium-term development plan for the 2015-2019 period.-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
