By Brian Wawn
Booklet by way of Wawn, Brian
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Extra info for The Economies of the Asean Countries: Indonesia, Malaysia, Philippines, Singapore and Thailand
These enterprises promote bumiputra interests through the establishment of wholly owned and joint venture companies; training; urban development; share transfers to bumiputra; and land developments. Because of their low level of income and inexperience in the corporate sector, Malays are not in the position, without government assistance, to achieve the NEP's ownership targets. However, the Government is planning over time to transfer its holdings in the corporate sector to individual Malays, through a unit trust scheme set up in 1981 under the National Equity Corporation.
It is thus too early to be confident about quantitative projections. Natural gas accounted in 1980 for about 15 per cent of total commercial energy consumption. This proportion is expected to increase marginally by 1984. There is further scope for domestic use. but this will be limited. notably because of high transport costs. Coal Indonesia has promlsmg steaming coal reserves in Sumatra. which has been a producing region for many years. and Kalimantan. Coal production in 1940 was 2 million tons.
However, the effects of this have not been even. One group which has done well is that consisting of senior government and military officials with good connections who have been able to pursue private business ventures, often in association with foreigners and/or Indonesian Chinese. Outside this group, however, pribumi businessmen are hindered as much as helped by the system of controls and the dominance of public and foreign enterprises. The small scale and cottage sector does not receive a great deal of assistance.
The Economies of the Asean Countries: Indonesia, Malaysia, Philippines, Singapore and Thailand by Brian Wawn