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Economy & debt

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.

WALHI calls for logging moratorium

Down to Earth No. 74, August 2007


Indonesia's most prominent environment group, WALHI (Friends of the Earth Indonesia) has repeated its call for a logging moratorium across the country.

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.

In brief... DTE 72 - March 2007

Down to Earth No. 72 March 2007

CGI creditor group disbanded

Indonesia's creditor group, the Consultative Group on Indonesia, has been disbanded after President Susilo Bambang Yudhoyono said it was no longer needed. The January announcement was officially welcomed the World Bank, former CGI chair and one of Indonesia's three main creditors alongside the Asian Development Bank and Japan.

Changes in mining laws to come into force in 2007

Down to Earth No. 72 March 2007

Two significant changes to national regulations on mining are due to affect the mining industry in Indonesia. The mining minister, Simon Sembiring, said recently that the Indonesian government was intending to approve laws to ensure that more of the mineral resources mined in Indonesia will be processed within Indonesia rather than be shipped abroad. As well as this, new laws are due to come into force in early 2007 that will strengthen the role of regional governments in assigning and approving mining contracts in their regions.

KAU - "government has no sense of urgency"

Down to Earth No 68   February 2006

Indonesia's Anti-Debt Coalition (KAU) has accused the Indonesian government of lacking any sense of urgency in its post-tsunami reconstruction work. In a statement issued exactly one year after the disaster struck, KAU criticised the government of President Susilo Bambang Yudhoyono for failing to seize opportunities to reduce Indonesia's debt.

Energy policy ignores renewables

Down to Earth No 67  November 2005

Indonesian NGOs are concerned that fuel price rises are increasing poverty, while long term energy plans are failing to encourage alternatives to fossil fuels.

Indonesian politics have been dominated throughout the fasting month of Ramadan by the government policy to reduce fuel subsidies. The move breaks a promise made by SBY that fuel price rises in March would be the last this year. It has sparked weeks of angry protests and is already causing hardship for ordinary people.