TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Paper industry to benefit from govt's education allocation

  • Mustaqim Adamrah

    The Jakarta Post

Jakarta   /   Tue, October 21 2008   /  11:26 am

The nation's paper and printed material industry, which generates top dollar from exports, is "strong enough" to weather the estimated global economic slowdown and may grow next year by 4.1 percent, up from this year's projected 3.9 percent. "The paper industry will be able to grow positively next year as (the Education Ministry) has bought the licenses of numerous books from publishers, which is set to push down book prices," said Dedi Mulyadi, the Industry Ministry's research and development agency head, in an interview Monday. "This will encourage people to spend money on books and eventually boost the paper industry." The proposed higher allocation for the education sector in 2009 state budget will also bode well for the paper industry. "A 20 percent allocation of the state budget means the government will spend more on...