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Economy & debt

Pulp companies and human rights abuses: Human Rights Watch report

Down to Earth No 56  February 2003


Pulp firms rank among Indonesia's most financially-troubled companies. They include the most deeply indebted of all, Asia Pulp and Paper (APP), currently attempting to restructure its whopping US$13.9 billion debt with international creditors. APP, Indonesia's biggest pulp producer, has been singled out in a new report by New York-based group, Human Rights Watch, for being complicit in a series of human rights abuses against local people opposing its operations.

BP's coal interest: Kaltim Prima

Down to Earth No 52 February 2002

BP currently joint owns and manages Indonesia's biggest coal mine. It has 50% of the shares in PT Kaltim Prima Coal (KPC), a massive open cast mine near Sangatta, East Kutai district, East Kalimantan province. The Anglo-Australian mining giant, Rio Tinto, owns the other 50%. KPC is currently embroiled in a power struggle with the local authorities as, under the initial agreement, this foreign-owned company must sell off 51% of its shares to Indonesian parties [1].

No sign of much-needed reform

Down to Earth No 52, February 2002


As M. Prakosa settles into his job as Indonesia's fourth forestry minister in four years, the direction of forest policy is becoming clearer.

Forestry minister Prakosa made it clear from the start that he did not intend any immediate radical changes. In the hand-over ceremony from Marzuki Usman, he pledged to build on the foundations laid down by his predecessors rather than introduce new programmes.

APP and debt-financed forest destruction

Down to Earth No 52, February 2002


The highly-indebted pulp and paper group, Asia Pulp and Paper (APP), commissioned an environmental audit in September to allay fears over rainforest destruction in Sumatra.

In Brief... DTE 52 - February 2002

Down to Earth No 52, February 2002

 

West Papua will not receive Freeport's corporate tax

Last minute changes in the Special Autonomy Law have denied West Papua a share of Freeport's corporate taxes - the largest chunk of annual payments - according to The Far Eastern Economic Review. The Review says that BP will end up pumping more money into West Papua's coffers than Freeport, which has been paying Jakarta an average of $180 million a year in taxes and royalties.

Coastal communities hit hard by fishing industry

Down to Earth No 51 November 2001

Communities who depend upon coastal resources for their livelihoods are being pushed aside - sometimes by violent means - as entrepreneurs rush to maximise profits from the seas.

The shrimp industry

Down to Earth No 51 November 2001

 

Despite a poor social and environmental record across the globe, commercial aquaculture - intensive fish-farming - is still regarded as having a bright future in Indonesia. According to former marine affairs minister Sarwono, of Indonesia's total fish production, 82% is from capture fisheries. "We need to push for aquaculture to boost fish production" he told a March workshop.