Posts tagged aquaculture

15 new initiatives announced for Malaysia’s Economic Transformation Programme


Malaysia yesterday announced 15 initiatives, including nine new projects and seven recaps, as part of its Economic Transformation Programme (ETP). According to Prime Minister Najib Razak, the ETP is already bearing fruit despite running for only a short time.

Yesterday’s announcement was the sixth regular update of the ETP, and sees the programme reach 50% (or 65) of its 131 ‘Entry Point Projects’ launched. The 15 new initiatives promise to bring in RM2.77 billion (US$913.8 million) in investment, add RM66.31 billion ($21.87 billion) to Malaysia’s Gross National Income and create 36,595 new jobs by the target year of 2020.

The initiatives (with their national key economic areas) are: (more…)

Indonesia to become major shrimp exporter


Yes, Bali is more than just a tropical island paradise. This week Indonesian President Susilo Bambang Yudhoyono highlighted its fisheries and aquaculture potential, opening the world’s largest shrimp breeding facility at Bugbug village, Karangasem.

He said the industry should focus first on the domestic market, promoting efficient and affordable seafood consumption. After that, shrimp would join seaweed and tuna as Indonesia’s main seafood export.

The new facility should produce 675,000 shrimp per year. The Ministry of Fishery and Marine Affairs said the shrimp export market was worth US$1.58 billion last year, 63% of Indonesia’s total fishery exports of $2.47 billion. Shrimp output should increase by 74% over the next four years, from 400,000 tons to 699,000 tons.

source & article: The Jakarta Post

Malaysian Agriculture Minister criticizes govt subsidies


Malaysia’s Minister for Agriculture and Agro-based Industries Johari Baharum has spoken out against government agriculture subsidies, suggesting farmers were capable of competing by themselves. Agriculture, he said, was a multimillion dollar sector and many in the industry had it easy thanks to government incentives. This in turn would produce laziness without a ‘mindset change’.

Speaking at the Aquafair Malaysia 2010 convention, Johari also had some strong words for Malaysia’s Fisheries and Aquaculture industries. Some players were blaming the government for their lack of success, he said, and poor performers could actually be hampering the industry.

More young people needed to become interested and educated in agricultural practices, he said, and skilled ornamental fish farmers in particular had the potential to become ‘big players’.

The Minister’s comments are the latest sign from the government that an era of protectionist policies is drawing to a close, and that its focus would be increasingly on promoting self-reliance and increased competitiveness in Malaysia’s economy. Among other shifts, the government announced in July 2010 it would cut subsidies on staples like fuel and sugar, and is keen to reduce the scope of Malaysia’s economic affirmative action policy.

source & article: Free Malaysia Today and Reuters

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