Foreign investment

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.

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.

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.

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.

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.

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.

Down to Earth No 66  August 2005

Protests have greeted a new regulation on land issued by President Susilo Bambang Yudhoyono in May.

The new Presidential Regulation on Land Procurement for Public Development, (Perpres No 36/2005) permits the compulsory acquisition of land for the public good. It lists some 21 types of public development, including toll roads and telephone networks.