{
    "success": true,
    "data": {
        "id": 1005204,
        "msgid": "timber-1447899208",
        "date": "1994-09-18 00:00:00",
        "title": "Timber ",
        "author": null,
        "source": "SINAR",
        "tags": null,
        "topic": null,
        "summary": "Timber concessions From Sinar Pagi Recently the BPTG was again the focus of the public's attention. Earlier this year, the company created an uproar by listing its HPH forest concession areas as company assets. It also raised a public controversy by using civil servant insurance saving funds for its speculative objectives.",
        "content": "<p>Timber <br>\nconcessions<\/p>\n<p>From Sinar Pagi<\/p>\n<p>Recently the BPTG was again the focus of the public&apos;s <br>\nattention. Earlier this year, the company created an uproar by <br>\nlisting its HPH forest concession areas as company assets. It <br>\nalso raised a public controversy by using civil servant insurance <br>\nsaving funds for its speculative objectives. And, even though the <br>\ncompany&apos;s reputation was tarnished when it was fined Rp 1.2 <br>\nbillion by the government, it still managed to obtain a capital <br>\nmarket management board (Bapepam) license to go public and <br>\nthereby collect funds from the public through the capital market.<\/p>\n<p>Findings made by the environmentalist non-government <br>\norganization SKEPHI indicate that BPTG&apos;s big name and the known <br>\nacreage of its concessions (5 million hectares) are actually <br>\nincompatible with the existing facts. Many of BPTG&apos;s subsidiary <br>\ncompanies were bought earlier from unsound concessionaires. Some <br>\nhave expired and one has quietly turned into a coal mining <br>\ncompany. Thirty BPTG subsidiaries no longer engage in logging <br>\nbecause they have depleted all their reserves.<\/p>\n<p>SKEPHI believes that the Forestry Minister&apos;s demand for only <br>\n49 percent of the shares from BPTG&apos;s daughter companies is <br>\nunfair. The Minister of Forestry has so far revoked the operating <br>\nlicenses of 255 forestry companies existing under similar <br>\nconditions to those experienced by BPTG&apos;s daughter companies.<\/p>\n<p>We demand that the Ministry remain impartial in its effort to <br>\npromote a management system to ensure the sustainability of our <br>\nforests. It would be proper not to allow BPTG any more HPH forest <br>\nconcession rights. BPTG&apos;s efforts to get around the regulations <br>\nset by the Ministry of Forestry, which require that HPH <br>\nconcession holders have forestry companies, have resulted in a <br>\ndebacle.<\/p>\n<p>S. INDRO TJAHJONO\/SKEPHI<\/p>\n<p>Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/timber-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}