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Economy & debt

Poverty and the price of rice

Down to Earth No. 76-77 May 2008

Concerns about food security worldwide are growing as rice prices have more than doubled in many countries over the last year and global rice stocks are the lowest for decades. Meanwhile the Indonesian government needs to consider how to increase rice production and to protect the food supplies of the poor.

The United Nations Food and Agriculture Organization voiced concern when international rice prices rocketed to a 20-year high in late March with the global benchmark price at over US$500 per tonne.

Indonesia and biofuel fever

Down to Earth No. 74, August 2007


The Jambi-based NGO, SETARA, which focuses on issues related to livelihoods, energy, natural resources and foreign investment, distributed a position paper on Indonesia's palm oil supplies in May. It was headed with a quote from Cuba's former leader, Fidel Castro, that the use of food crops to produce fuels would cause rising prices and hunger for millions of people in developing countries.

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.