Foreign 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.

Down to Earth No 68  February 2006

Despite protests from NGOs, the Asian Development Bank has approved a loan for BP's giant Tangguh gas project in West Papua.

In December 2005, the Asian Development Bank (ADB) decided to put US$350 million towards the $5.5 billion gas extraction and liquefied gas processing plant, now being developed by Anglo-US multinational BP, in Bintuni Bay, in the western part of West Papua.

This project has attracted critical attention because of the actual and potential impacts on local people and the e

Down to Earth No 68  February 2006

United Fiber System (UFS) is going ahead with a wood chip mill and paper pulp plant in South Kalimantan as well as running the Kiani Kertas plant in East Kalimantan - all in the face of international opposition.

UFS received a boost to its plans to become one of the world's major paper pulp producers when the Indonesian Supreme Court ruled in its favour in a dispute between the company and the Indonesian government in early October 2005.

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 67  November 2005

This article, contributed by YL Franky of the Alliance of Indigenous Peoples of the Archipelago (AMAN), highlights ongoing protests against Inco, the Canadian-owned nickel mine at Sorowako, South Sulawesi.

Indigenous people affected by Inco's mining in Sorowako*, mineworkers, students and NGOs who have formed the Mine Victims' Solidarity Forum (FSMT), mounted a four-day occupation of the company's regional office in Makassar, South Sulawesi, from September 15 - 19th.

On 12 September, the FSMT

Down to Earth No 67  November 2005

Construction work has started at a wood chip mill on Laut Island, South Kalimantan. It is part of a planned development of the pulp and paper industry in the province which threatens to destroy forests and impoverish local communities.

The new chip mill, which will have the capacity to produce 700,000 tonnes of wood chips, is being built by PT Mangium Anugrah Lestari (PT MAL) on Pulau Laut - a large island off the southeast coast of South Kalimantan province.

Down to Earth No 67  November 2005

Police open fire on farmers in Lombok

Indonesian human rights NGO Elsam has protested against the police shooting of farmers attending a national meeting in Lombok. Twenty seven people suffered gunshot injuries on September 18th when police dispersed a farmers' union general assembly organised by the Nusa Tenggara Barat union and the Federation of Indonesian Farmers Unions (FSPI). Eight people were detained at the meeting, which was attended by farmers' representatives from 26 countries.