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NEWS UPDATES Asean Affairs   February 1, 2018  









Bulog allocates Rp 2.5 trillion for government’s rice reserve

The State Logistics Agency (Bulog) has allocated Rp 2.5 trillion (US$187 million) to buy rice for the government’s rice reserve (CBP), in an attempt to stabilize rice prices and help victims of natural disasters.

Bulog operational and public service director Karyawan Gunarso said with the budget, Bulog could buy between 250,000 and 300,000 tons of rice.

“The government’s rice reserve will be used for market operations in an effort to push prices down and help victims of natural disasters,” said Gunarso in Jakarta on Tuesday, as reported by tribunnews.com.

Since last December, the government had intervened in the market to push down prices of rice to the ceiling price level, as the market price has always been above the ceiling decided by the government.

Since December, Bulog had distributed 204,000 tons of rice for market operation, Gunarso said, adding that the agency still had 800,000 tons of rice stocks after being combined with government rice stocks.

“If our stock runs out, we will use the CBP for market operation,” he added.

Gunarso said Bulog was ready to increase the stocks for CBP as long as it passed the right procedures, such as rice purchase only being proposed by related bodies and that purchases are reported to the Finance Ministry.

Disposing of the stock should also be considered, particularly because it can only stand for a certain period, he said, adding that “Bulog should be authorized to sell rice to private firms at a low price.”




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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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