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NEWS UPDATES Asean Affairs    August 3,  2017  









Investing haj fund in infrastructure to benefit pilgrims


Vice President Jusuf Kalla has said the investment of haj funds in the infrastructure sector would produce good returns and allow lower costs for haj pilgrims to travel to Saudi Arabia.

“The waiting list for the haj pilgrimage is about 20 years. If the fund is better managed, it will be helpful for the haj pilgrims,” Kalla told journalists in his office in Jakarta on Tuesday, as reported by kompas.com.

With good investment, the cost of the haj pilgrimage would be more affordable, he said, adding that the investment scheme would abide by the requirements of sharia.

About 70 percent of the Rp 95.2 trillion (US$6.96 billion) haj fund in foreign currencies – US dollars and Saudi riyal – would continue to decline in value because of inflation, Kalla added.




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ASEAN  ANALYSIS

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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