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!
Read more about this topic: East Kalimantan
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchants economy is a coarse symbol of the souls economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (18031882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)