Monday, March 21, 2011

Aceh, Lhoksukon clean water crisis, opportunity in water investment?

Thousands of residents of coastline Seunuddon sub-district, North of Aceh, reported in difficulty to find clean water. After the tsunami 2004, numbers of villages in this area have no any well and fresh water sources. It cost the resident of some villages in this district have to buy fresh water for their basic daily needs. Community in this area admitted that their well water change to be salty after the tsunami. An NGO used to worked in this area with pipeline installation but about five years after the tsunami, the water supply was not running properly and even completely stopped.

The community requested PDAM, the city water supplier to provide them with water supply but an authority explained that the water supply to this are was stopped induced by many dwellers were not paying their bill for water supply. The authority expects that in 2012 water supply should be running to this area at the latest. (Summarized from Serambi News, Monday 21 March 2011)


Sunday, March 20, 2011

Indonesia Economic Outlook 2010

In 1999 I had initiated to write a paper about Islamic Banking base on task assigned by my lecturer. At that moment, I was just wanted to show my fellow students that Syariah based Economy was spread almost all over the world. I personally so enthusiastic that how a notorious Islamic image soon will be fading away goes along with gradual improvement of Islamic tenet demonstrates it truth into human civilization development. After graduated fro a School of Economics college called STIE TRIANANDRA in Jakarta, I have been out of economics discussion epicenter due to busy with Youth Ending Hunger Indonesia and Working for Mosque of Sunda Kelapa Menteng. I had got more off shore of economic island since working for UNDP in Aceh hither to.

I have been dedicating my time for my job almost the whole of my life after the college. Though actually some time trying to apply for scholarship for Master degree but it never happened yet. I always miss a discussion in a class, my soul also feels lack of spirit and scientific discourses. To fill this gaps, I always trying to read any book I have interest in, among of it is economics. Indonesia Economic Outlook 2010 is one that I would like to share with.

These book is consisting of three main themes, Macro Economy, Demography and Syariah Economics. With referring to MDF or Millennium Development Goals perspective, I took notes of this book as below;

  1. Indonesian just realized that to be a develop nation, at least 2% of its citizen working on entrepreneurship.  currently Indonesia has less than 2%. In this regard, it is better off that Indonesian government to work on designing an economic policy to stimulate investment and production in each sub-national regions.
  2. In line with number 1, Indonesia could launch a massive fund for starting business for diploma and university graduate, find out why they are not interested in starting new business. Diploma and Bachelor graduates are 12 to 10 time tent to be jobless in comparing to primary education graduate.
  3. Effectively since the most devastated tsunami 2004 in Aceh hitherto, insurance companies recorded that increased in insurance claim. Serious attention has to be paid to this area for years to come,  especially as an archipelago and located among four flats, Indonesia is one of the most disaster prone countries in the world.
  4. Government to encourage transformation of Amil Zakat Agency - BAZ and Amil Zakat Institution - LAZ into corporate managerial scheme for Zakat mobilization and to encourage synergy in exploring project design for empowering Islamic Philanthropy with government programme in poverty alleviation. 
  5. Indonesia is bestowed with "demographic bonus" in which economic growth spurred on by increasing number of percentage of young labor force. Singapore, South Korea, Hong-Kong, and Japan are Asian countries who had  benefited from this momentum. There are still 10 years for Indonesia to empower this momentum, while MDG time-frame will expired in 2015.

Of these notes, I intentionally put separately my "genuine" ideas to propose another component in the differences between Syariah Capital Market and Conventional Capital Market. Of the stock issuers, to my understanding, Syariah Capital Market is not yet include environmental aspect beside gambling, alcohol, "riba", non-halal food, moral degradation, "mudhoroh" or harmful and cause damage aspect. It probably included in "mudhoroh" but still less stated and stressing.