Indonesia Seeks to Assert Authority in Waters in South China Sea
(Bloomberg) -- Indonesia plans to develop lucrative fishing grounds in the South China Sea as part of efforts to assert its sovereign authority over waters in which it has clashed with China.
The Natuna Islands on the edge of the South China Sea, rich in gas and fish stocks, would be developed into a fishing hub, Indonesia's Coordinating Minister for Maritime Affairs Luhut Pandjaitan said Friday, according to the Jakarta Post. The government plans to build cold-storage facilities and use satellites and drones to help Indonesian fishing vessels operating in the surrounding waters, with the hub to be operational by the end of the year.
While Indonesia is not a claimant in the broader dispute over the South China Sea, it does insist on its sovereign rights to waters around the Natuna Islands. The area has in the past seen clashes between Indonesian and Chinese vessels, while a move by Indonesia to name the waters the North Natuna Sea sparked a diplomatic row with Beijing.
“We would also be providing refueling tankers for our fishing boats ... so no one can claim that [the area is their] traditional fishing zone,” Pandjaitan said in a discussion in Jakarta on Friday, the Jakarta Post reported.
Aggressive Campaign
Indonesia has been waging an aggressive campaign to curb illegal fishing in its territorial waters and has seized hundreds of foreign vessels in recent years, even blowing up some in public displays. The latest development comes as Indonesia heads toward a presidential election in April, when relations with China could be an issue.
President Joko Widodo has sought billions of dollars in financing from China to help pay for a massive infrastructure drive, including for a high-speed rail project funded under the so-called Belt and Road Initiative. The opposition, led by former general Prabowo Subianto, has seized on a deteriorating trade balance with China and has said if elected it would seek a better deal with Beijing.
To contact the reporter on this story: Karlis Salna in Jakarta at ksalna@bloomberg.net
To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, John McCluskey, Jeff Sutherland
©2019 Bloomberg L.P.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.