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:
  • Anthropic Executive Vows to Cooperate with Japan on Mythos
  • Prabowo says Sukarno belongs to all Indonesians
  • India news: PM Modi begins Europe tour with the Netherlands
  • PM Modi Netherlands Visit Live: PM Modi draws analogy between tulip and lotus, says both gain beauty and strength whether in water or on land
  • Cricket commentary | RR vs DC, 43rd Match, IPL 2026
  • 2 Hong Kong tourists killed, 2 injured in New Zealand car crash
  • Dubai opens women-only beach as part of £610m coastline project – Trending Now Infrastructure
  • UAE says OPEC, OPEC+ exit was sovereign strategic decision, not political move – Dubai Eye 103.8
  • Ultra-Processed Foods Linked to Higher Heart Disease and Death Risk, European Heart Journal Report Warns
  • India raises fuel prices amid global energy crisis – Anadolu Ajansı
  • Why Is Ford Motor Drawing Attention Right Now – Kalkine Media
  • Malaysia closely monitoring Global Sumud Flotilla near Gaza, says Anwar
  • DWP confirms what banks can check under new benefit fraud powers
  • Biotechnology Breakthroughs That Are Changing Healthcare
  • Beijing Summit Highlights U.S.-China Business Ties — Like Them Or Not
  • Match Centre – Kowloon City : Hong Kong Football Club
  • Modern Curtain Rods Market in Indonesia | Report – IndexBox
  • Thailand Platinum Mall Vendors Protest Rising Shop Rent Prices
Saturday, May 16
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

Prabowo says Sukarno belongs to all Indonesians

May 16, 2026

Modern Curtain Rods Market in Indonesia | Report – IndexBox

May 16, 2026

Indonesia economy at risk of slowing after first-quarter peak

May 16, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Abandoned malls, whispers of nuclear war and young foreigners detained. This is what’s REALLY going on in Dubai… and the chilling warning one taxi driver gave to the Mail’s IAN BIRRELL

April 11, 2026

Aviation Capital Group Announces Departure of Chief Financial Officer

April 17, 2026

Guangzhou airport unveils replica of China’s first airplane

April 12, 2026
Don't Miss

Anthropic Executive Vows to Cooperate with Japan on Mythos

By IslaMay 16, 2026

Newsfrom Japan Politics Technology May 16, 2026 19:49 (JST) Tokyo, May 16 (Jiji Press)–An executive…

Prabowo says Sukarno belongs to all Indonesians

May 16, 2026

India news: PM Modi begins Europe tour with the Netherlands

May 16, 2026

PM Modi Netherlands Visit Live: PM Modi draws analogy between tulip and lotus, says both gain beauty and strength whether in water or on land

May 16, 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

DWP confirms what banks can check under new benefit fraud powers

By IslaMay 16, 2026

Biotechnology Breakthroughs That Are Changing Healthcare

By IslaMay 16, 2026

Beijing Summit Highlights U.S.-China Business Ties — Like Them Or Not

By IslaMay 16, 2026
Most Popular

DVIDS – Images – Pacific Air Forces Commander visits India [Image 15 of 27]

April 30, 2026

Modi’s party wins control of West Bengal state in key election

May 5, 2026

Air Traffic Management Gradually Improves In Europe

May 4, 2026
Our Picks

Malaysia in talks with Iran over passage of stranded tankers

April 24, 2026

bne IntelliNews – COMMENT: Rising pressures on Iranians in the UAE

April 21, 2026

Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive

April 30, 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.