Close Menu
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Facebook X (Twitter) Instagram Threads
Trending:
  • Adidas, New Balance end use of kangaroo leather material in products
  • Stock Market News and Research Tools
  • Burger King Japan’s V-Shaped Recovery
  • Editorial | Hong Kong’s rare, speedy response to fuel price surge shows preparedness
  • Guangzhou Port Company Limited Reports Earnings Results for the Full Year Ended December 31, 2025
  • Piyush Goyal assures supply chain support to Gulf counterparts | India News
  • Bangladesh seeks more scholarships, better integration for students in Malaysia
  • The UAE condemns the terrorist attack on a military base in Nigeria
  • Daiichi taps Imagene to sharpen cancer biomarker discovery | Biotechnology | The Pharmaletter
  • OIC condemns Israeli approval of 34 new West Bank settlements | Israel-Palestine conflict News
  • WHISKAS installs giant ‘Lucky Cat’ statue to spotlight feline nutrition in Thailand
  • Preview: Chennai v Delhi (Hindi) | IPL 2026 – Cricbuzz
  • Moderate Magnitude 4.5 Earthquake 48 km South of Manokwari, Indonesia
  • What China is learning from the Iran war – POLITICO
  • Remembering a Steadfast Hong Kong Democracy Activist
  • Families call on UK regulator to ‘find the truth’ of Air India crash amid ‘serious concerns ‘about probe
  • Katie Price’s husband Lee Andrews shares plans to get her back on the road by getting her a licence in Dubai – despite her seventh driving ban
  • Daily Memo: When Will Widebody Production Recover To Pre-Pandemic Peaks?
Friday, April 10
Facebook X (Twitter) Instagram
Simply Invest Asia
  • Home
  • About us
  • Explore industries/sectors
    • Automobile
    • Aviation
    • Banking
    • Biotechnology
    • Chemical & Fertilizer
    • Entertainment and Media
    • Food Processing
    • Healthcare
    • Iron and Steel
    • Leather
    • Mining
    • Oil and Gas
    • Pharmaceutical
  • Explore by countries
    • China
    • Dubai / UAE
    • Hong Kong
    • India
    • Indonesia
    • Japan
    • Malaysia
  • Explore cities
    • Bangkok
    • Beijing
    • Chongqing
    • Delhi
    • Dubai
    • Guangzhou
    • Jakarta
    • Kuala Lumpur
  • Why Asia
Simply Invest Asia
Home»Explore by countries»Indonesia»Indonesia seizes $22bn in assets from illegal forest operations
Indonesia

Indonesia seizes $22bn in assets from illegal forest operations

By IslaApril 10, 20263 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Indonesian President Prabowo Subianto ordered prosecutors on April 10 to file criminal charges against companies that refuse to cooperate with a task force he launched to crack down on illegal activities in the country’s forests.

The task force, made up of military personnel, prosecutors and environmental regulators, has since early 2025 been seizing areas controlled by companies and individuals, ordering them to pay fines for what they describe as illegal business operations in designated forest areas, News.Az reports, citing Straits Times.

A total of 5.88 million hectares of oil palm plantations and 10,257ha of mining concessions have been taken over so far, according to the deputy head of the task force, Attorney-General Sanitiar Burhanuddin – nearly twice the size of Belgium.

Speaking at a ceremony marking the task force’s efforts, Mr Burhanuddin handed 7.23 trillion rupiah (S$540 million) of fines paid by implicated companies over to the finance ministry.

Mr Prabowo praised the task force’s work and warned that anyone who refused to cooperate would be seen as going against the president himself.

“Therefore I order the Attorney-General to enforce the law – those who do not want to cooperate, prosecute them. We will not hesitate and we will not be intimidated,” Mr Prabowo said. Delivering a speech in front of a wall of stacked banknotes showcasing the fines paid, Mr Prabowo said the assets confiscated so far have a total value of nearly US$22 billion (S$28 billion).

In December, Mr Burhanuddin warned that authorities could collect another US$8.5 billion in fines from firms implicated in the seizures. However, the task force said in March that 34 companies have filed objections, with some arguing the area of land involved has been overestimated.

At the ceremony, the task force also handed over some 30,500ha of oil palm plantations to the state firm Agrinas Palma Nusantara, while another 255,000ha of areas were transferred to the forestry ministry.

Agrinas now manages around 1.7 million hectares of plantations taken over by the task force, making it the world’s biggest palm oil company by land bank size.

Indonesia is the world’s biggest exporter of palm oil, thermal coal and nickel.

Mr Prabowo has vowed to protect Indonesia’s precious natural resources, including its forests. But despite the crackdown, environmental activists say Mr Prabowo’s other programmes, including the expansion of rice production and a campaign to boost energy self-sufficiency, have led to a sharp acceleration in forest loss. 

News.Az 

By Leyla Şirinova



Source link

Related Posts

Moderate Magnitude 4.5 Earthquake 48 km South of Manokwari, Indonesia

April 10, 2026

Vessel buyout scheme launched in Indonesia to help conserve CITES-protected shark, ray populations

April 10, 2026

Indonesia begins U.S. crude imports, adopts flexible sourcing strategy

April 10, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

US trade chief says tech restrictions to block Chinese autos

April 10, 2026

Japan to release extra 20 days’ oil reserves from May

April 10, 2026

India's ModiFi Aviations secures NSOP with Falcon 2000 – ch-aviation

April 10, 2026
Don't Miss

Adidas, New Balance end use of kangaroo leather material in products

By IslaApril 10, 2026

A string of victories for corporate animal welfare activists means fewer shoe brands will be…

Stock Market News and Research Tools

April 10, 2026

Burger King Japan’s V-Shaped Recovery

April 10, 2026

Editorial | Hong Kong’s rare, speedy response to fuel price surge shows preparedness

April 10, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Top Trending

Moderate Magnitude 4.5 Earthquake 48 km South of Manokwari, Indonesia

By IslaApril 10, 2026

What China is learning from the Iran war – POLITICO

By IslaApril 10, 2026

Remembering a Steadfast Hong Kong Democracy Activist

By IslaApril 10, 2026
Most Popular

Au Bak Ling’s legendary porcelain collection fetches US$15.3m at China Guardian, led by Yuan blue‑and‑white vase | Auctions News | THE VALUE

April 9, 2026

Vietnam confirms top leader’s China visit in mid-April

April 9, 2026

IIGCE 2026 kicks off in Jakarta

April 9, 2026
Our Picks

Hong Kong Grants First Stablecoin Licenses To HSBC And Standard Chartered — TradingView News

April 10, 2026

… – Moneycontrol.com

April 9, 2026

Scientists Create One-Of-A-Kind “T-Rex Leather” Handbag – 2oceansvibe News

April 9, 2026
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.

© 2026 Simply Invest Asia.
  • Get In Touch
  • Cookie Policy
  • Privacy policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first.

Complete the form below to subscribe to our weekly newsletter.


I consent to being contacted via telephone and/or email and I consent to my data being stored in accordance with European GDPR regulations and agree to the terms of use and privacy policy.