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Investor Presentaiton

The low rates of growth experienced by Kalimantan in every sector except services between the fourth quarter of 2008 and the second quarter of 2009 (rates which were the worst in the country), did not bode well for the maintenance of employment in agriculture and manufacturing. By December 2008, there were reports of worker dismissals from oil palm and rubber processing plants, timber and plywood factories. There were reductions in the plantation labour force as expansion was postponed. Some workers were told to go home and wait until conditions improved, meanwhile being paid a small retainer. This strategy saved the estates or factories providing severance pay for sacked workers. In other cases workers were not dismissed, but asked to work shorter hours, thus becoming under-employed. Although migrants laid off from jobs overseas were being forced to return home (an estimated 100,000 from electronics industries in Malaysia), this aspect did not have a serious impact on Kalimantan. Most of these largely female migrants were from Java or Sumatra.
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