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Foreign investment

CSR à la Jakarta

Down to Earth No. 74, August 2007

 

The final draft of a revised 'corporates' bill was given the nod by Indonesia's House of Representatives (DPR) on 20 July, 2007. This marked the passing of the bill, which replaces the old Limited Liability Company Law, (No.1,1995). The new Limited Liability Company Law, alongside the revised Investment Law (see DTE 73), is designed to update company legislation and is part of a bundle of regulations and statutes being enacted to make the country more attractive to new investment.

Newmont case verdict - blow for communities and environment

Down to Earth No. 73, May 2007


The decision of a North Sulawesi court to find the US-based mining company, Newmont, not guilty of polluting the environment is a huge disappointment for NGOs and communities who have been struggling for years to hold this multinational gold mining company to account.


The Manado Court in North Sulawesi - the province where the now-closed Ratatotok gold mine was located - came up with its verdict on April 24th.

New investment law is not pro-poor

Down to Earth No. 73, May 2007


The Indonesian parliament passed a new investment law in March, despite strong civil society opposition and despite much concern over its implications.

A nuclear future?

Down to Earth No. 72 March 2007

The Indonesian government is putting in place arrangements to develop its highly controversial nuclear power programme - starting with a reactor on the Muria peninsula in densely populated Central Java.

In December 2006, Indonesia made an agreement with South Korea which paves the way for cooperation on Indonesia's nuclear power programme.

North Sulawesi confronts Jakarta over MSM gold mine plans

Down to Earth No. 72 March 2007

The Toka Tindung gold mine project is now in doubt after strong opposition to Meares Soputan Mining's plans to build an open pit gold mine in a sensitive coastal area and dump mine waste into Rinondoran Bay.

A major blow came when an environmental hearing in August 2006 forced the company to alter its plans to instead use the more expensive option of disposal of tailings on land.

DTE Factsheet: FOREIGN DIRECT INVESTMENT

DTE Factsheet, May 2006

What is FDI?

Foreign Direct Investment (FDI) is an important feature of an increasingly globalised economic system. It occurs when a company based in one country makes a long-term investment in a company located in another country. The 'home country' company may gain partial or total control of the 'host country' company. The direct investor does this by purchasing an existing overseas enterprise, providing capital to start a new one or buying 10% or more of it.

Newmont called to account

Down to Earth No 67  November 2005

August 5th saw the opening of the Indonesian government's first ever pollution case against a major mining company.