BSM Q1 Profit Jumps 42.87%JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp192.72 billion in the first quarter (Q1) of ... Banking | Wednesday, 23 May 2012 Read more |
OCBC NISP to Acquire Multifinance CompanyJAKARTA, Indonesia Today - PT Bank OCBC NISP Tbk (NISP) plans to acquire multifinance company, focusing on heavy equipment or aut... Banking | Wednesday, 23 May 2012 Read more |
Samudera Indonesia Proposes Rp292 Billion Debt ExtensionJAKARTA, Indonesia Today - PT Samudera Indonesia Tbk (SMDR) proposes to extend the payment of debt totaling Rp292.05 billion, Bisnis Ind... Transportation | Wednesday, 23 May 2012 Read more |
Bank Papua Q1 Profit Rp101.79 BillionJAKARTA, Indonesia Today - PT Bank Pembangunan Daerah Papua (Bank Papua) booked profit after tax of Rp101.79 billion in the ... Banking | Wednesday, 23 May 2012 Read more |
Naga Selatan-1 Drilling Reaches 84% Total DepthMELBOURNE, Indonesia Today - Cue Energy Resources Ltd says the drilling in the Naga Selatan-1, East Kalimantan well has reached 84... Energy | Wednesday, 23 May 2012 Read more |
SGX offers MSCI Indonesia Futures from 11 JuneSINGAPORE, Indonesia Today - Singapore Exchange’s (SGX) MSCI Indonesia Index Futures will begin trading from 11 June ... Stocks | Tuesday, 22 May 2012 Read more |
Bank Permata Sets Bond Coupon at 8.5-9.5%JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) has set indicative coupon of between 8.50% to 9.50% for its ... Bonds | Tuesday, 22 May 2012 Read more |
Three Trucks of PTPN II Burnt Down Following Clash with Local PeopleDELI SERDANG, Indonesia Today - Local people have burnt down three unit trucks of State plantation company PT Perkebunan Nusantara ... Dispute | Tuesday, 22 May 2012 Read more |
Multipolar Controls 10.59% Stake in Bank NobuJAKARTA, Indonesia Today - Lippo Group’s service and trading company, PT Multipolar Tbk (MLPL) invests Rp43.73 billion in PT Nationalnobu ... Banking | Tuesday, 22 May 2012 Read more |
IDX Gains 1.19% on Regional and Wall Street ReboundsJAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) gained 1.19% to 3,986.90 this morning following the re... Stocks | Tuesday, 22 May 2012 Read more |
Fitch Affirms Bank Riau Kepri at 'A(idn)'JAKARTA, Indonesia Today - Fitch Ratings has affirmed PT Bank Pembangunan Daerah Riau Kepri's (Bank Riau Kepri) National Long-Term Rating at... Banking | Monday, 21 May 2012 Read more |
Fitch Upgrades BPD Maluku to 'A(idn)'JAKARTA, Indonesia Today - Fitch Ratings has today upgraded PT Bank Pembangunan Daerah Maluku's (Bank Maluku) National Long-Term Rating and se... Banking | Monday, 21 May 2012 Read more |
Astra Sedaya Financing Likely to Go Up to $200 MillionJAKARTA, Indonesia Today - The US$120 million three-year term loan for Astra Sedaya Finance is oversubscribed and may be increased to... Banking | Monday, 21 May 2012 Read more |
Templeton's Investment in Indonesia Declines to 5% in AprilFLORIDA, Indonesia Today - Templeton Global Income Fund invested 5% of its total net assets in Indonesia as of April 30... Stocks | Monday, 21 May 2012 Read more |
Pratt & Whitney Canada Signs 5-Year Service Agreement with Pacific Royale AirwaysMINNESOTA, Indonesia Today - Pratt & Whitney Canada SEA (P&WC SEA), located in Singapore, has signed a five-year Maintenance, Repair an... Transportation | Monday, 21 May 2012 Read more |
Nomura Research Establishes Representative Office in JakartaTOKYO, Indonesia Today - Nomura Research Institute Ltd. (NRI), a leading provider of consulting services and system solutions, today announces th... Internet | Monday, 21 May 2012 Read more |
Omedia Again Extends Megapower AcquisitionKUALA LUMPUR, Indonesia Today - Oriented Media Group Berhad (Omedia) extends its proposed acquisition of 85% equity interest in PT Me... Energy | Monday, 21 May 2012 Read more |
Interra's Goldpetrol Commences Drilling in MyanmarSINGAPORE, Indonesia Today - Interra Resources Limited, a company controlled by Indonesian tycoon Edwin Soeryadjaya, announces today that its jointly co... Energy | Monday, 21 May 2012 Read more |
JSW Steel Production Grows 10% in AprilSINGAPORE, Indonesia Today - JSW Steel Limited reported monthly crude steel production of 7.15 lacs tons for April 2012, with a ... Steel | Monday, 21 May 2012 Read more |
Tunas Ridean to Acquire Izusu DistributorJAKARTA, Indonesia Today - Car distributor and dealer PT Tunas Ridean Tbk (TURI) and its unit PT Tunas Mobilindo Parama pl... Automotive | Monday, 21 May 2012 Read more |
Surya Toto to Build Sanitary Factory This YearJAKARTA, Indonesia Today - Sanitary and plumbing company PT Surya Toto Indonesia Tbk (TOTO) intends to build new sanitary factory in... Stocks | Monday, 21 May 2012 Read more |
Zebra NUsantara to Acquire CNG DistributorJAKARTA, Indonesia Today - Transportation company PT Zebra Nusantara Tbk (ZBRA) plans to acquire a company, distributor of compressed natural gas... Transportation | Monday, 21 May 2012 Read more |
Mother of Hidayat Nur Wahid Passes AwayJAKARTA, Indonesia Today – Siti Rahayu, mother of Hidayat Nur Wahid, Jakarta governor candidate from the Prosperous Justice Party (PKS), ha... People | Monday, 21 May 2012 Read more |
Bank Riau Kepri Books Rp64 Billion Profit in Q1JAKARTA, Indonesia Today - Regional development bank PT Bank Riau Kepri reported profit after tax of Rp63.89 billion in the fi... Banking | Monday, 21 May 2012 Read more |

MUARA TAE, Indonesia Today - The fate of a Dayak community deep in the interior of East Kalimantan demonstrates how Indonesia must safeguard the rights of indigenous people if it is to meet ambitious targets to reduce emissions from deforestation.
The following is a statement from the London-based Environmental Investigation Agency (EIA):
The Dayak Benuaq of Muara Tae, in West Kutai Kabupaten, today face a two-pronged assault from palm oil companies aggressively expanding into their ancestral forests. Together with Indonesian NGO Telapak, the community is manning a forest outpost around the clock in a last ditch attempt to save it from destruction.
The London-based EIA claimed it has witnessed at first-hand the Dayak Benuaq’s struggle, and how their sustainable use of forests could help Indonesia deliver on its ambitious targets to reduce greenhouse gas emissions.
“There are more than 800 families in Muara Tae relying on the forests for their food, water, medicine, culture and identity. Put simply, they have to keep this forest in order to survive.
“The rhetoric from the President of Indonesia on curbing emissions by reducing deforestation is strong but on the front line, where indigenous communities are putting their lives at risk to protect forests, action is sorely missing.
“Giving these communities, such as the Dayak Benuaq, the rights they deserve is a vital step to reduce catastrophic levels of deforestation in Indonesia,” EIA Forests Team Leader Faith Doherty says.
President Yudhoyono has pledged to reduce carbon emissions across the archipelago by 26 per cent by 2020 against a business-as-usual baseline, alongside delivering substantial economic growth.
Plantation expansion will inevitably be a significant element of growth, but it has historically been a major driver of emissions and it is widely acknowledged that in order avoid them, expansion must now be directed to ‘degraded’ lands.
As a result of weak spatial planning, however, the forests of Muara Tae are identified as ‘APL’, a designation meaning they are not part of the national forest area and are open to exploitation. The theft of indigenous forests also raises serious questions as to what form of ‘development’ these plantations offer.
In indigenous communities such as the Dayak Benuaq of Muara Tae, Indonesia has perhaps its most valuable forest resource. It is due to their sustainable methods, honed over generations, that the forest even remains.
Telapak president Ambrosius Ruwindrijarto said: “Together with the community, we have not only been protecting the last forests but also planting new Ulin and Meranti saplings to enhance it. These people are the true guardians of the forest and their fate is entwined with it.”
Muara Tae has lost more than half of its land and forests during the past 20 years to mining companies. The impact has been tangible; the villagers’ water source has dried up and they must now routinely make a 1km journey to collect clean water.
The remaining forest is home to a large number of bird species including hornbills, the emblem of Borneo. There are about 20 species of reptiles and it is also a habitat for both proboscis monkeys and honey bears.
The latest land-grabs have taken place since January 2010, when the local Bupati (regional government official), Ismail Thomas, issued plantation permits to two palm oil companies: Malaysian-owned PT Munte Waniq Jaya Perkasa (PT MWJP) and PT Borneo Surya Mining Jaya, a subsidiary of Sumatran logging, mining and plantation conglomerate Surya Dumai.
While the Norwegian Government has been instrumental in financially backing efforts to reduce deforestation in Indonesia through the REDD+ initiative, it has also invested in the parent company of PT MWJP through its sovereign wealth fund.
Pak Singko, a leader of the Dayak Benuaq of Muara Tae, said: “We are calling for help from people everywhere in protecting our forests and ancestral land. We are being squeezed from all sides by mining and plantation companies.
“This is the last remaining forests that we have and the only land we have to survive. If my forests are gone, our lives will end.” (Indonesia Today)