Indonesia to barter coffee, palm oil, and rubber for Russian jet fighters

Indonesian state-owned trading company PT Perusahaan Perdagangan and Russian state-owned company Rostec have signed a memorandum of understanding to barter Indonesian agricultural commodities for Russian jet fighters. “The barter deal, which is under the supervision of the two governments, will involve 11 Sukhoi SU-35 jet fighters and several commodities like coffee, palm oil, tea and

Bananas find export appeal

Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. The order will be transported overland to port facilities in Vietnam

Shrimp prosper in mixed ponds

Breeding shrimp together with other aquatic products is preventing disease without using chemicals and providing sustainable results for farmers in the central coastal province of Phú Yên. To limit the epidemic and environmental pollution, shrimp breeders have been breeding shrimp with other aquatic products, such as blue crab, tilapia. You can read the whole article

Furniture Producers Relocate to Vietnam Due to Cheap Labor Costs, Business-Friendly Regulations

Jakarta. Six foreign furniture companies with combined annual exports of $300 million have relocated their factories to Vietnam from Indonesia over the past 18 months due to cheaper labor costs and lax business regulations. “With our competitiveness weakening, and the cost of production here more expensive, [furniture companies] prefer Vietnam,” said Abdul Sobur, the deputy chairman for