Monday, 13 December 2010
Airbus A330, full service and $359* fares
New international carrier Strategic Airlines announced its latest new route - Brisbane non-stop to Denpasar, Bali^, with flights commencing 19 March 2011.
Fares for the new flights go on sale from now starting at $359* one-way or $671* return, inclusive of taxes at www.flystrategic.com and through participating travel agents.
Strategic will operate the flights departing Brisbane every Wednesday and Saturday, with a dual-aisle Airbus A330 aircraft featuring 30 business class seats and 243 economy seats.
Strategic’s head of commercial, Damien Vasta, said the carrier was introducing the A330 service in response to strong demand in the Brisbane market.
“Currently Bali is enjoying huge popularity with Australians and yet most airlines offer a nofrills service on what is a reasonably long flight,” he said.
“We believe our passengers will really enjoy flying on a wide-bodied Airbus A330 with the comfort and customer service of a full service carrier, at very affordable fares,” he said.
“Bali has always been one of the most popular international destinations for Brisbane holiday-makers due to its affordability, and Strategic is not only creating a new service to fulfill this need, but providing the most competitive fares available,” Mr Vasta said.
From 19 March 2011, Strategic Airlines’ flights will depart Brisbane Airport each Saturday and Wednesday morning at 8.30am and arrive in Denpasar at the local time of 1.00pm.
The return flights will depart Denpasar at the local time of 2.45pm every Wednesday and Saturday, and arrive in Brisbane at 10.10pm.
^Subject to Government approval. Fees for telephone bookings will apply. All fares are subject to availability and may not be available on all flights.
Sunday, December 12, 2010
DJ BASE METALS: LME Copper Hits Record On Economic Confidence
=
13-Dec-2010
By James Campbell
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Base metals were up on the London Metal Exchange in Asia Monday as data from China and the U.S. underpinned confidence about the economic outlook for next year.
Copper broke its previous record of $9,091 a metric ton in early trade and continued a steady advance despite a firm dollar, although trading volumes weren't especially heavy.
Strong Chinese trade data Friday were the primary driver of the buying, while news that U.S. exports surged to their highest levels in more than two years in October also helped.
In addition, China's decision not go ahead with a widely-expected interest rate increase around the weekend, despite on-year inflation in November rising to a two-year high of 5.1%, was a relief. Other tightening efforts taken by Beijing have so far failed to temper commodities demand.
At 0600 GMT, LME three-month copper was at $9,130 a metric ton, up $141, with 2,593 lots done. On the Shanghai Futures Exchange, March copper was at CNY69,110/ton, up CNY1,790 and at a $300 discount to the equivalent LME contract.
"The combination of continued strong Chinese growth, (with) 9.5% expected in 2011, U.S. quantitative easing initiatives, western world currency concerns and continued global growth all should serve as support for Chinese commodity import levels well into 2011," BMO Capital Markets analyst Bart Melek said in a report.
Macquarie Bank injected a note of caution about China's November copper imports, pointing out that a 29% on-month jump was partly a result of the week-long National Day holiday in October, which depressed imports for the month.
Still, with China's copper imports up 1% on year in the January to November period and data Monday showing China's copper production is up 12.6% on year, implied demand is firm and the fundamental underpinnings of the rally appear to be in place.
Other metals were being dragged higher in copper's wake. LME three-month zinc was at $2,332.50/ton, up $58.50, with 2,071 lots done, while aluminum was at $2,341/ton, up $33, with 698 lots done.
-By James Campbell, Dow Jones Newswires; 65-64154082; james.campbell@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wq9Gt7V4VL0%2BVxnnum8Zjw%3D%3D. You can use this link on the day this article is published and the following day.
13-Dec-2010
By James Campbell
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Base metals were up on the London Metal Exchange in Asia Monday as data from China and the U.S. underpinned confidence about the economic outlook for next year.
Copper broke its previous record of $9,091 a metric ton in early trade and continued a steady advance despite a firm dollar, although trading volumes weren't especially heavy.
Strong Chinese trade data Friday were the primary driver of the buying, while news that U.S. exports surged to their highest levels in more than two years in October also helped.
In addition, China's decision not go ahead with a widely-expected interest rate increase around the weekend, despite on-year inflation in November rising to a two-year high of 5.1%, was a relief. Other tightening efforts taken by Beijing have so far failed to temper commodities demand.
At 0600 GMT, LME three-month copper was at $9,130 a metric ton, up $141, with 2,593 lots done. On the Shanghai Futures Exchange, March copper was at CNY69,110/ton, up CNY1,790 and at a $300 discount to the equivalent LME contract.
"The combination of continued strong Chinese growth, (with) 9.5% expected in 2011, U.S. quantitative easing initiatives, western world currency concerns and continued global growth all should serve as support for Chinese commodity import levels well into 2011," BMO Capital Markets analyst Bart Melek said in a report.
Macquarie Bank injected a note of caution about China's November copper imports, pointing out that a 29% on-month jump was partly a result of the week-long National Day holiday in October, which depressed imports for the month.
Still, with China's copper imports up 1% on year in the January to November period and data Monday showing China's copper production is up 12.6% on year, implied demand is firm and the fundamental underpinnings of the rally appear to be in place.
Other metals were being dragged higher in copper's wake. LME three-month zinc was at $2,332.50/ton, up $58.50, with 2,071 lots done, while aluminum was at $2,341/ton, up $33, with 698 lots done.
-By James Campbell, Dow Jones Newswires; 65-64154082; james.campbell@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wq9Gt7V4VL0%2BVxnnum8Zjw%3D%3D. You can use this link on the day this article is published and the following day.
How Bali is becoming even greener
Some eco-conscious entrepreneurs on Indonesia's Island of the Gods are working to build a future in tune with nature
By Tannia Vera & Robert Michael Poole 13 December, 2010
The Heart of School at Green School, Bali.
View GalleryView Gallery
In Indonesia, the concept of green living is starting to take hold.
This archipelago of more than 17,000 islands stretched along the equator is home to Bali, one of the most popular tourist destinations in the world, and it has seen resorts, tourist facilities, ugly hotels, clubs and all the trimmings that go with those developed over the last several decades.
Now, the island is not only pushing a trend to create structures that preserve the natural environment, it is also establishing new forms of education.
A school, new housing and an affordable luxury holiday retreat show how fast the movement is progressing.
Click "View Gallery" above for more images.
green living bali school
The grass is not greener on the other side when in Bali.
Cleaning up
The modern concept of sustainable, or “green” living, began in 1954 when Helen and Scott Nearing published “Living the Good Life.”
As the world’s population has grown -– to around 7 billion today –- and new technologies have been invented, the environments that we live in have been effected in many adverse ways.
Though some scientists, governments, companies and especially environmental organizations like Greenpeace have sought to confront the wider issues, individuals who simply want to live a more sustainable personal life have sought their own ecologically sound lifestyles.
In Bali entrepreneurial projects are now springing up to meet that demand.
Sixty-four projects recently competed in the Tri Hita Karana Awards, which recognize environmental management.
According to local environmental consultant Gove DePuy, founder of a green youth culture movement called PT Akarumput, "growth is most obvious in the 'buzz' at this point. Magazine articles, people discussing renewable materials in the cafes and restaurants, green-themed festivals like Ubud's Earth Day Festival.
"But along with that has come actual change. More people refuse plastic bags in the grocery stores, Hypermart now offers cloth bags at the register, Bali's first Green building supply store (Little Tree) has opened its doors and Bali now has a chapter of the World Green Building Council," says DePuy.
Organic food is being bought more often for both personal and commercial use, eco-hotels, resorts and green residential homes have shifted construction materials from concrete to sustainable materials like straw and bamboo, which, as DePuy says "makes a huge dent in the amount of resources consumed by older, less efficient construction."
Power to the various projects meanwhile is increasingly being generated by highly visible solar panels, water, geothermal, and wind sources.
green living bali school
Students discuss upcoming performances in the theater at Green School.
Green education
Inhabited mainly by Hindus, Bali and its culture is founded on the fundamental Sanskrit phrase "Tri Hita Karana."
Roughly translated, it means “to keep the harmony and balance between human to God, human-to-human and human to environment.”
"Human to environment" has been the guiding light for a number of eco-friendly property developers, with many implementing environmentally-friendly methods of construction while still serving the growing demand of Bali’s tourism industry to cope with increasing numbers of visitors -- temporary and permanent.
Green School is one such example. Built almost entirely of bamboo, Green School is redefining what children’s education is about.
Founded in 2008, the school teaches pre-school students through to grade 10, with grades 11 and 12 to be added in the next two years. Located between Denpasar and Ubud, the private school was founded and built by long term residents John and Cynthia Hardy who sold off their own successful local jewelry store before starting the school.
Its curriculum has a central core of English, Math, and Science but it also aims to prepare its pupils to be the green leaders of tomorrow via green studies and creative arts teaching.
Environmental leaders of tomorrow
green living bali school
At entrance lies a playground and cafe.
According to the Green School manifesto, it aims to be “the number one model of sustainability in education in the world."
"This generation of children will be the first to grow up learning about environmental issues from their early years,” says Chris Thompson, father of two young students at the school, aged 4 and 7.
The background of families enrolling suggests the school has a wide appeal, with students from 45 countries attending, and parents with diverse career backgrounds. Chris Thompson is an experienced media consultant who sits on boards in Abu Dhabi and Singapore advising on investment, growth and development strategies.
“We need new leaders to bring change to the world. But these students don't need to become environmentalists to help the world," he says.
"They simply need to have a consciousness about the challenges so that they may apply them in whatever profession they may choose," says Thompson.
Inflatable classrooms
green living bali school
When the humidity gets too much, a blow-up classroom keeps the coolness inside.
During our visit to the school in November 2010, we discovered its vast complex of classrooms.
There are both open-walled classrooms and even inflatable balloon-like classrooms to cope with the occasional extreme heat of the tropical forest, a hydro power vortex energy source to keep the school self-sufficient, organic plantation fields so kids can learn to grow their own produce and a conservation center of endangered avian species for children to observe and study directly rather than just read textbooks.
"Our aim is for environmentally off-grid power sourcing," says head of admissions and enrollment Ben Macrory.
The school is also home to what is thought to be the largest permanent bamboo building in the world, known as The Heart of School (click "View Gallery" above for pictures).
Celebrity donors
green living bali school
The gymnasium at Green School, like most of the structures, has no walls.
Names of donors to the school as well as the names of the first student of the school are carved in the bamboo poles that hold up the multi-level structure. Among the names, celebrity donors Sir Richard Branson, Donna Karan and Miss Japan 2009: Emiri Miyasaka.
Ben Macrory says the school now has 203 students representing 45 nations. It also has a scholarship program for local Balinese.
The program is intended to stimulate awareness of green issues among the local community by making the education affordable to Balinese. Regular fees range from US$5,000-10,000 per year.
green living bali school
The Grade 5 classroom at Green School fits into its surroundings.
Read more: How Bali is becoming even greener | CNNGo.com http://www.cnngo.com/explorations/escape/wear-your-tree-your-sleeve-green-living-bali-291359#ixzz17yJlru5k
DJ Bank Indonesia Official: Won't Use Rate Hike To Fight Inflation
13-Dec-2010
JAKARTA (Dow Jones)--Bank Indonesia won't raise interest rates to fight inflation for now, even though year-end inflation is expected to be breach its target, Deputy
Governor Hartadi Sarwono said Monday.
"We are aware of the (rising) inflation," Sarwono told reporters. "Now is not yet the time to increase interest rates."
Instead, Sarwono said Bank Indonesia will continue to reign in inflation by absorbing excess liquidity, such as by increasing commercial banks' reserve requirements and through open money market operations.
The central bank has so far been reluctant to raise interest rates for fear of attracting further inflows of so-called hot money.
Sarwono said December inflation will likely reach 6.5% on year and 0.5% on month.
Bank Indonesia has an inflation target this year of between 4% and 6%.
-By Farida Husna; contributing to Dow Jones Newswires; 62-21 39831277; I-Made.Sentana@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wq9Gt7V4VL0%2BVxnnum8Zjw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
JAKARTA (Dow Jones)--Bank Indonesia won't raise interest rates to fight inflation for now, even though year-end inflation is expected to be breach its target, Deputy
Governor Hartadi Sarwono said Monday.
"We are aware of the (rising) inflation," Sarwono told reporters. "Now is not yet the time to increase interest rates."
Instead, Sarwono said Bank Indonesia will continue to reign in inflation by absorbing excess liquidity, such as by increasing commercial banks' reserve requirements and through open money market operations.
The central bank has so far been reluctant to raise interest rates for fear of attracting further inflows of so-called hot money.
Sarwono said December inflation will likely reach 6.5% on year and 0.5% on month.
Bank Indonesia has an inflation target this year of between 4% and 6%.
-By Farida Husna; contributing to Dow Jones Newswires; 62-21 39831277; I-Made.Sentana@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wq9Gt7V4VL0%2BVxnnum8Zjw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
Thursday, December 2, 2010
Bali hosts 6th Indonesian Palm Oil Conference
The Jakarta Post, Jakarta | Thu, 12/02/2010 3:21 PM | Business
A | A | A |
Bali was to host a two-day national conference on palm oil in Nusa Dua, starting Thursday.
The so-named Indonesian Palm Oil Conference, this year themed “Sustainable Palm Oil: Benefit to the Socio-Economic Development”, the sixth since 2005, will discuss issues of sustainable oil plantation, price prediction for the short and long term as well as market challenges.
Mona Surya, the conference's committee chairman, said the number of participants this year would be 1,000, up from 872 participants in 2009.
Mona said that among those participants were representatives of 24 countries, including Taiwan, Malaysia, India, Japan, China, Rusia, Thailand and the United States.
“People support this program because Indonesia is now the biggest crude palm oil producer in the world,” Indonesian Palm Oil Producers Association chairman Joefly J Bahroeny said as quoted by Kontan.co.id business news portal.
A | A | A |
Bali was to host a two-day national conference on palm oil in Nusa Dua, starting Thursday.
The so-named Indonesian Palm Oil Conference, this year themed “Sustainable Palm Oil: Benefit to the Socio-Economic Development”, the sixth since 2005, will discuss issues of sustainable oil plantation, price prediction for the short and long term as well as market challenges.
Mona Surya, the conference's committee chairman, said the number of participants this year would be 1,000, up from 872 participants in 2009.
Mona said that among those participants were representatives of 24 countries, including Taiwan, Malaysia, India, Japan, China, Rusia, Thailand and the United States.
“People support this program because Indonesia is now the biggest crude palm oil producer in the world,” Indonesian Palm Oil Producers Association chairman Joefly J Bahroeny said as quoted by Kontan.co.id business news portal.
Townsville to Bali service launches
Townsville’s first ever direct service to Bali with Strategic Airlines’ will take to the skies Friday December 3 when flight VC230 departs Townsville Airport at 1.30pm.
The Australian-owned, full-service airline will make history with its inaugural Townsville-Denpasar flight, which marks the beginning of a new era in international travel for the people of North and North-Western Queensland.
Strategic’s 156-seat Airbus A320 will be at full capacity when it departs Townsville Airport, with passengers from North Queensland, and South East Queensland, along with special guests of Strategic Airlines including singer/songwriter Lisa Mitchell.
Unlike budget carriers, Strategic passengers will receive complimentary meals and refreshments, and a common entertainment program available throughout the flight.
When the flight touches down at 4.45pm in Denpasar, invited guests of Strategic Airlines will enjoy a Balinese style launch party on the beach at Seminyak.
The new service will be operated twice-weekly, departing Townsville every Friday and Sunday, with the Airbus A320 featuring eight business class seats and 144 economy seats. The return flights will depart Denpasar at 9.30am every Saturday and Monday morning, and arrive in Townsville at 4.15pm.
Strategic’s head of commercial, Damien Vasta, said he was thrilled with the strong demand for the flights, which are available from $199 one way.
“The Townsville community has been overwhelmingly supportive of this new service and bookings have exceeded our expectations. The high level of demand speaks volumes for the fact that holidaying in Bali has never been so easy or affordable for North Queenslanders,” Vasta said.
“Strategic is very excited to bring this international travel opportunity to local and regional residents, tourists, and the surrounding mining communities.”
The Townsville-Bali service coincides with Strategic’s launch of twice-weekly direct flights between Brisbane and Townsville, which also commence tomorrow. The $89 one-way flights will depart Brisbane every Friday and Sunday at 9.50am, arriving in Townsville at 12 midday. The return service will depart Townsville every Saturday and Monday at 5.45pm, and arrive in Brisbane at 7.40pm.
http://www.aviationrecord.com/Cargo/tabid/68/articleType/ArticleView/articleId/3110/Townsville-to-Bali-service-launches.aspx
The Australian-owned, full-service airline will make history with its inaugural Townsville-Denpasar flight, which marks the beginning of a new era in international travel for the people of North and North-Western Queensland.
Strategic’s 156-seat Airbus A320 will be at full capacity when it departs Townsville Airport, with passengers from North Queensland, and South East Queensland, along with special guests of Strategic Airlines including singer/songwriter Lisa Mitchell.
Unlike budget carriers, Strategic passengers will receive complimentary meals and refreshments, and a common entertainment program available throughout the flight.
When the flight touches down at 4.45pm in Denpasar, invited guests of Strategic Airlines will enjoy a Balinese style launch party on the beach at Seminyak.
The new service will be operated twice-weekly, departing Townsville every Friday and Sunday, with the Airbus A320 featuring eight business class seats and 144 economy seats. The return flights will depart Denpasar at 9.30am every Saturday and Monday morning, and arrive in Townsville at 4.15pm.
Strategic’s head of commercial, Damien Vasta, said he was thrilled with the strong demand for the flights, which are available from $199 one way.
“The Townsville community has been overwhelmingly supportive of this new service and bookings have exceeded our expectations. The high level of demand speaks volumes for the fact that holidaying in Bali has never been so easy or affordable for North Queenslanders,” Vasta said.
“Strategic is very excited to bring this international travel opportunity to local and regional residents, tourists, and the surrounding mining communities.”
The Townsville-Bali service coincides with Strategic’s launch of twice-weekly direct flights between Brisbane and Townsville, which also commence tomorrow. The $89 one-way flights will depart Brisbane every Friday and Sunday at 9.50am, arriving in Townsville at 12 midday. The return service will depart Townsville every Saturday and Monday at 5.45pm, and arrive in Brisbane at 7.40pm.
http://www.aviationrecord.com/Cargo/tabid/68/articleType/ArticleView/articleId/3110/Townsville-to-Bali-service-launches.aspx
Plan to Ban Pump Subsidies Likely to Cost Indonesia's Drivers Plenty
Ririn Radiawati | December 03, 2010
Motorists in the capital may have to resort to Pertamina’s more expensive, higher-octane Pertamax fuel or fill their tanks at the state energy company’s competitors. (JG Photo/Safir Makki) Motorists in the capital may have to resort to Pertamina’s more expensive, higher-octane Pertamax fuel or fill their tanks at the state energy company’s competitors. (JG Photo/Safir Makki)
Jakarta. All private car owners in Jakarta who fill up on subsidized fuel may see their bill at the pump rise by nearly 50 percent as the government, hard-pressed to ease the burden of subsidies on the budget, is likely to bar access to cheap fuel as of the New Year.
“All private cars will likely have to use non-subsidized fuel starting next year,” Ibrahim Hasyim, a top official of the downstream energy regulator BPH Migas, told reporters on Thursday.
If the plan goes ahead as expected, all private cars will not be allowed to purchase state-subsidized fuel, sold at state oil and gas company Pertamina’s stations, Ibrahim said.
Motorcycles and public transportation vehicles, the latter designated by yellow license plates, will be exempted from the ban.
All government cars and those owned by state-owned enterprises will also have to use unsubsidized fuels.
The ban would first be implemented in Greater Jakarta, including the capital and the surrounding regions of Bogor, Tangerang, Depok and Bekasi.
It would be later expanded to cover the entire island of Java as well as Bali in July.
The government estimates that the move might save it a relatively paltry Rp 8 billion ($900,000) in subsidies on about 10 percent of the 38.5 million kiloliters of subsidized fuels to be sold next year.
Pertamina marketing director Djaelani Sutomo said it would also begin to build stations for its unsubsidized high-octane Pertamax fuel for areas outside of Java and Bali in 2012.
“We are trying to start building Pertamax pumps outside Java and Bali,” he said, adding it was hoped that the pumps would be available in Sumatra and Borneo in 2012 and Sulawesi in 2013.
“East Timor and Papua have very limited subsidized fuel usage. So we can do them later,” Djaelani said.
Low-octane Premium gasoline and diesel are sold at Rp 4,500 a liter under the subsidy scheme. Pertamina’s non-subsidized Pertamax and DEX diesel are sold at Rp 6,500 and Rp 7,400 per liter, respectively.
Without subsidies, fuel prices fluctuate with global oil prices. The two foreign fuel giants operating in the country, Shell and Petronas, sell at similar prices.
The government had earlier come up with several schemes to reach its aim to totally eliminate fuel subsidies by 2015, such as allowing subsidized fuels only for cars older than five years or for cars with an engine volume of less than 2,000 cubic centimeters.
The Energy Ministry, BPH Migas and Pertamina are now preparing the infrastructure and the legal framework to support the decision to downsize the subsidy scheme.
However, they still have to bring the plan up for debate at the House of Representatives next week.
Further coverage:
Editorial: Show the benefits, click here.
The impact on business, click here.
Motorists in the capital may have to resort to Pertamina’s more expensive, higher-octane Pertamax fuel or fill their tanks at the state energy company’s competitors. (JG Photo/Safir Makki) Motorists in the capital may have to resort to Pertamina’s more expensive, higher-octane Pertamax fuel or fill their tanks at the state energy company’s competitors. (JG Photo/Safir Makki)
Jakarta. All private car owners in Jakarta who fill up on subsidized fuel may see their bill at the pump rise by nearly 50 percent as the government, hard-pressed to ease the burden of subsidies on the budget, is likely to bar access to cheap fuel as of the New Year.
“All private cars will likely have to use non-subsidized fuel starting next year,” Ibrahim Hasyim, a top official of the downstream energy regulator BPH Migas, told reporters on Thursday.
If the plan goes ahead as expected, all private cars will not be allowed to purchase state-subsidized fuel, sold at state oil and gas company Pertamina’s stations, Ibrahim said.
Motorcycles and public transportation vehicles, the latter designated by yellow license plates, will be exempted from the ban.
All government cars and those owned by state-owned enterprises will also have to use unsubsidized fuels.
The ban would first be implemented in Greater Jakarta, including the capital and the surrounding regions of Bogor, Tangerang, Depok and Bekasi.
It would be later expanded to cover the entire island of Java as well as Bali in July.
The government estimates that the move might save it a relatively paltry Rp 8 billion ($900,000) in subsidies on about 10 percent of the 38.5 million kiloliters of subsidized fuels to be sold next year.
Pertamina marketing director Djaelani Sutomo said it would also begin to build stations for its unsubsidized high-octane Pertamax fuel for areas outside of Java and Bali in 2012.
“We are trying to start building Pertamax pumps outside Java and Bali,” he said, adding it was hoped that the pumps would be available in Sumatra and Borneo in 2012 and Sulawesi in 2013.
“East Timor and Papua have very limited subsidized fuel usage. So we can do them later,” Djaelani said.
Low-octane Premium gasoline and diesel are sold at Rp 4,500 a liter under the subsidy scheme. Pertamina’s non-subsidized Pertamax and DEX diesel are sold at Rp 6,500 and Rp 7,400 per liter, respectively.
Without subsidies, fuel prices fluctuate with global oil prices. The two foreign fuel giants operating in the country, Shell and Petronas, sell at similar prices.
The government had earlier come up with several schemes to reach its aim to totally eliminate fuel subsidies by 2015, such as allowing subsidized fuels only for cars older than five years or for cars with an engine volume of less than 2,000 cubic centimeters.
The Energy Ministry, BPH Migas and Pertamina are now preparing the infrastructure and the legal framework to support the decision to downsize the subsidy scheme.
However, they still have to bring the plan up for debate at the House of Representatives next week.
Further coverage:
Editorial: Show the benefits, click here.
The impact on business, click here.
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