Indonesian Political, Business & Finance News

Archive: 23 September 2009

4 articles found

Forests fight back as Indonesia tackles illegal palm oil

ACEH, Indonesia (Reuters) - For decades, the roar of the chainsaw has meant one thing in Indonesia's national parks: illegal loggers ripping down the rainforest.Now, the whirring blades are part of a fight back to cut out illegal palm oil from the international supply chain and slow the...

Slaves, colonials, weevils: palm oil's historic rise

Sept 23 - Less than a century after the west African oil palm was introduced to southeast Asia as a cash crop, Indonesia and Malaysia supply about 85 percent of the world's palm oil, used in processed food and soap products. Here is a timeline charting how oil palm spread east.

Q+A: How can illegal oil palm be weeded out of the supply chain?

(Reuters) -- About five percent, or two million tonnes of the expected crop of 40 million tonnes of Crude Palm Oil produced in 2009 is expected to be certified as sustainable this year, environmental standards watchdog, the Roundtable on Sustainable Palm Oil (RSPO) estimates.

ADB scales up outlook on Indonesia

The Asian Development Bank (ADB) has upgraded its outlook of Indonesia's economic growth this year to 4.3 percent citing strong private consumption and improving investment.The ADB previously estimated that Indonesia's economy would grow by 3.6 percent this year.