Indonesia’s aquaculture industry poised for take-off?

Indonesia’s aquaculture industry is ranked 4th globally in terms of production tons. Franklin Crum, Manager, Client Service of Spire Research and Consulting, shared his views on the future outlook for Indonesia’s aquaculture industry on MNC Business Channel – Economic Buzz.

Crum commented that Indonesia’s water conditions have provided a favourable environment for wet aquaculture (otherwise known as fish farming); allowing a wide range of tropical fish species to breed. The aquaculture industry has shown great potential in Indonesia; contributing 1% towards its GDP. Indonesia is one of the leading Asian countries in this industry, alongside China, Thailand, Vietnam, the Philippines, Republic of Korea, Japan and Bangladesh.

The industry had registered a total revenue of USD 7 billion in 2012, seeing compound annual growth (CAGR) of 25.9% between 2008 and 2012. The figure is expected to grow to USD14.3 billion by 2017.

Crum shared that the Indonesian government has allocated USD108 million to upgrade infrastructure in this industry. The Good Aquaculture Practices (GAP) standard will also help realize policies to further sustain and develop aquaculture, as well as promote sustainable organic fish farming processes.

However, Crum opined that aquaculture can pose a threat to the environment and to public health, if not properly managed. For instance, there may be a risk of transferring diseases from wild fish and fish waste from the ocean bottom to farmed fish. Hence, it is crucial to maintain hygiene in preservation, storage and transport of the fishes. Proper equipment, along with water quality monitoring and the stricter regulations that came into force in the late 1990’s, have played a key role in nurturing the industry in Indonesia.

https://www.spireresearch.com/newsroom/media/indonesias-aquaculture-industry-poised-for-take-off/

Comments

Next generation solar and wind power in India

Imagine the Nevada desert with thousands of mirrors arranged in concentric circles facing the sky, all lit up by the sun. The reflected sunshine is concentrated towards the top of a tower in their midst, at a height of 640 feet. Does this seem like a scene from a sci-fi movie? Wrong. This innovative power plant generates electricity and can carry on even when the sun sets. According to research, global energy storage installations are bound to rise from 1,750 megawatts (Mw) in 2016 to nearly 11,000 Mw in 2020. The lucrative business of harnessing sun and wind energy has picked up in Asia. For instance, Hindustan Power Projects Limited (HPPL) has investments worth INR17,000 crore (out of intended INR35,000 crore). It is also set to enter the wind power arena and set up 3 Gw of wind energy by 2020. Can solar and wind energy provide a safer, cleaner and more reliable form of energy for the 21st century? https://www.spireresearch.com/newsroom/spirethoughts/next-generati

Spire talks about strategic planning lessons from leading organizations in ASEAN

Spire was honored to participate in a seminar organized by Sumitomo Mitsui Banking Corporation (SMBC) on 15th July, in Singapore. Japnit Singh, Deputy CEO of Spire Group, shared his insights on strategic planning lessons from leading organizations in ASEAN. Japnit discussed five steps of strategic planning, strategic priorities and tools used by leading organizations in ASEAN. The strategic planning process can be seen as consisting of five steps, distributed amongst different departments in the organization. These steps are defining the vision, gathering and analyzing data, strategy creation, planning resources & outcomes and finally evaluation and monitoring. An organization should formulate an overall vision for the future, gather and analyze all the available data and also consider all the available critical items of information while monitoring and evaluating key performance indicators (KPI). For Singapore-based firms, ASEAN continues to be the most popular

Digital banking in Singapore

What will be the impact of digital banks in Singapore? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore. More and more countries worldwide are issuing full bank licenses to digital-only banks. The competition from digital banks is being seen as a favorable development for the consumer. Digital banks with fewer physical branches and Automated Teller Machines to maintain could incur lower costs that could be passed onto the consumer. However, Perera highlighted that non-bank players entering the regulated banking space would need to learn a great deal in terms of maintaining cyber- security and managing financial risks. To overcome these challenges, regulators should work closely with licensed digital banks while also helping digital-only banks domiciled in Singapore to grow regionally. Get more information : https://www.spireresearch.com/newsroom/media/digital-banking-in-singapore/

Construction Sphere Magazine November 2013 Mumbai

How will policies affect the construction industry?

Ghana citizenships to boost economy

In November 2019, 126 African-Americans and Afro-Caribbean’s were granted citizenship, in a ceremony that marks 2019 as the Year of Return. 500,000 tourists are expected to visit Ghana during the Year of Return, a considerable increase from the 380,000 that visited in 2018. Visa on arrival for some and waive off of Visa charges have been introduced. The government also plans to invest in educated returnees to help boost the economy through employment. Is investment in human capital the way to boost Ghana’s economy? Read more: https://www.spireresearch.com/newsroom/spirethoughts/ghana-citizenships-to-boost-economy/

The Knowledge to Decide

Search This Blog