Economy
East Kalimantan's economy heavily depends on earth resources such as oilfield exploration, natural gas, as well as coal and gold mining. Balikpapan has an oil refinery plant that was built by Dutch governance before World War II, destroyed during World War II, and rebuilt by Indonesia Governance.
Other developing economic sectors includes agriculture and tourism. East Kalimantan has several tourist destination such as Derawan Islands in Berau Regency, Kayan Mentarang National Park ini Nunukan, Crocodile Husbandry in Balikpapan, deer husbandry in Penajam, Dayak's (native Kalimantan people) Pampang Village in Samarinda and many others.
Among the many obstacles to developing economic growth is lack of transportation infrastructure. Transportation depends on traditional boats connecting coastal cities and areas along main river,
It is ironic that despite the logging, the coal, the hydro-electric capacity of the mighty Mahakam and the nearby oil refineries, Samarinda has more and more prolonged power-cuts than any other place I have known. Some locals claim that the power is sold off and is too precious for the inhabitants!
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)