Indonesia's rice stock stable amid global food crises
Minister of Agriculture Andi Amran Sulaiman has emphasized Indonesia’s stable rice stock as a model of resilience amid food crises affecting the region.
Indonesian Minister of Agriculture Andi Amran Sulaiman. Photo courtesy of Antara.
Indonesia will not face a situation where people have to queue for rice, as seen in the Philippines, or panic-buy, as in Malaysia and Japan, Sulaiman said on Friday. With sufficient reserves and a strong distribution system, Indonesia sets an example of global food security, he added.
However, he stressed the need to accelerate efforts toward rice self-sufficiency and strengthen national food reserves to address the challenges posed by climate change and global supply disruptions.
Sulaiman noted that rice shortages in neighboring countries underscored the importance of securing domestic stockpiles, urging Indonesia to boost local rice production and gradually reduce reliance on imports.
According to Statistics Indonesia (BPS), the price of medium-grade rice in February 2025 stands at IDR13,000-14,000 per kg, down from the peak of IDR16,000 in 2024.
- Read More
Platinum Victory-backed REE posts three-year low in 2024 net profit
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE), backed by Singaporean fund Platinum Victory Pte. Ltd., reported its lowest net profit in three years in 2024 due to declines across most business segments.
Companies - Sun, February 23, 2025 | 9:47 am GMT+7
Odds of Vietnam stock market surpassing 1,300 points rise significantly: broker
The likelihood of Vietnam’s stock market surpassing 1,300 points has increased significantly, driven by positive macroeconomic developments both domestically and internationally, remarked Dinh Quang Hinh, head of macro and market strategy at VNDirect Securities.
Finance - Sun, February 23, 2025 | 8:17 am GMT+7
Vietnam Electricity begins building 1,200 MW pumped storage hydropower
State utility Vietnam Electricity (EVN) kicked off the construction of phase 2 of the 1,200-MW Bac Ai pumped storage hydropower plant on Saturday.
Energy - Sat, February 22, 2025 | 10:13 pm GMT+7
Vietnam must achieve high growth until 2045 to avoid middle-income trap: Prime Minister
Vietnam must achieve sustainable, high growth until 2045, to overcome the middle-income trap like what Japan, South Korea, and China have done, said Prime Minister Pham Minh Chinh.
Economy - Sat, February 22, 2025 | 10:05 pm GMT+7
Vietnam’s wood industry concerned about Trump tax policy risks: association
One of the major concerns of Vietnam's wood industry is the reaction of the U.S. market to the Trump administration's possible tax policy after a year of strong growth, said Nguyen Chanh Phuong, vice chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).
Economy - Sat, February 22, 2025 | 8:41 pm GMT+7
Taiwan’s Foxconn acquires Vietnam unit of China’s Goertek
Taiwan’s Foxconn Interconnect Technology (FIT) has acquired Goertek Electronics Vietnam under Chinese electronics giant Goertek, subject to approval of relevant regulatory authorities.
Companies - Sat, February 22, 2025 | 3:55 pm GMT+7
Vietnam slaps 27.83% anti-dumping duty on China’s hot rolled steel coils
Vietnam’s Ministry of Industry and Trade has imposed a temporary anti-dumping duty of 27.83% against hot rolled steel coils (HRC) imported from China.
Industries - Sat, February 22, 2025 | 3:47 pm GMT+7
Vietnam to complete 500 kV power line in Aug to facilitate electricity import from China
State utility Vietnam Electricity (EVN) must kick off the construction of the 500 kV Lao Cai-Vinh Yen power line in the northwestern region in February and complete it by August 31.
Energy - Sat, February 22, 2025 | 12:13 pm GMT+7
Vietnamese retailers accelerate digital transformation
Vietnam's retail sector is rapidly advancing in terms of digital transformation, with retailers embracing data-driven strategies and diversified sales channels to cut costs and streamline operations.
Southeast Asia - Sat, February 22, 2025 | 10:07 am GMT+7
Vietnam now 9th largest trading partner of Singapore
Vietnam has become Singapore's 9th largest trading partner, with two-way trade rising by 16.83% year-on-year to SGD3.39 billion ($2.53 billion) in January, according to latest statistics.
Southeast Asia - Sat, February 22, 2025 | 10:00 am GMT+7
Russia's Rosatom eyes to boost new technology cooperation with Vietnam
Russia's Rosatom State Atomic Energy Corporation has reaffirmed its commitment to strengthening ties with Vietnam, especially in quantum technology.
Southeast Asia - Sat, February 22, 2025 | 9:53 am GMT+7
Over $13.7 bln needed to upgrade Vietnam's port system
Vietnam will need an estimated VND351.5 trillion ($13.76 billion) to upgrade its port system by 2030, according to a detailed plan for seaports, terminals, quays, mooring buoys, and water zones for the 2021-2030 period, with a vision to 2050.
Southeast Asia - Sat, February 22, 2025 | 9:49 am GMT+7
M&A in 2025: Big deals, winning hands, and wild cards
In Vietnam, domestic companies are leading high-value transactions, and foreign investors are showing renewed interest, particularly in the healthcare and education sectors, write PwC Vietnam analysts.
Consulting - Sat, February 22, 2025 | 8:17 am GMT+7
Indonesia expands carbon trade with nature-based solutions
Indonesia is promoting the supply of carbon credits from nature-based solutions, such as emissions stored in peat ecosystems, according to Deputy Minister of Environment Diaz Hendropriyono.
Southeast Asia - Fri, February 21, 2025 | 10:45 pm GMT+7
Indonesia to develop new DeepSeek
Indonesia is pushing ahead with the development of a low-cost, open-source large language model (LLM), seen as a local version of China's DeepSeek chatbot, in its bid to become a tech powerhouse in Southeast Asia.
Southeast Asia - Fri, February 21, 2025 | 10:42 pm GMT+7
Former Central Retail Vietnam CEO joins Masan Group
Vietnam’s leading retailer Masan Group (MSN) has appointed Philippe Jean Broianigo as deputy CEO of The CrownX, the entity managing its consumer and retail segments.
Companies - Fri, February 21, 2025 | 10:37 pm GMT+7
