C. Kalimantan wood-based firms given second warnings
C. Kalimantan wood-based firms given second warnings
JAKARTA (JP): The provincial administration of Central Kalimantan has issued second warnings to 16 integrated wood and forest-based companies who have still to submit their mandatory operating reports.
The chairman of Central Kalimantan's Regional Investment Coordinating Board, Abdul Karim, said the board issued first warnings last November to 35 large companies that had failed to file their operating reports.
After a month 19 immediately turned in their reports.
He said his office would give the 16 companies one more month to heed the second warning. If they failed to do so, proceedings to revoke their operating licenses and investment approvals would begin.
Investment approvals are issued by the State Minister of Investment/Chairman of the Investment Coordinating Board.
"Companies that fail to heed the two warnings will be given a third warning from the office of the State Minister of Investment before their permits are revoked," Karim was quoted by Antara as saying in Palangka Raya, Central Kalimantan.
The third warning is considered the first stage of the license revocation process.
Karim insisted that the need for companies to report to the Regional Investment Coordinating Board was stipulated in State Minister of Investment Decree No. 13/1992 on the monitoring, supervision and control of foreign and domestic projects.
There are currently 162 companies holding investment approvals operating in Central Kalimantan, of which 27 are foreign investments and 135 domestic investments.
From the 162 companies, Karim said, 10 are not operating and seven others have no clear addresses.
"The operating approvals of these seven are likely to be revoked," he said.
The seven domestic investment-firms are PT Sumber Asia, PT Djaja Gada Mas, PT Gerna Utama, PT Djaja Sampurna, PT Talawang, PT Mota Indah and PT Gema Kota Besi.
Meanwhile, the 10 inactive companies are PT Katingan Timber Company and PT Rimba Delta -- both of which are foreign investment firms -- and PT Kimax Ismail, PT Bumi Bahaur Permai, PT Sri Ratanesia Parama, PT Bania Raya Indah Wood Industri, PT Dadahup Utama, PT Maboli Raya, CV Tuah Berdoa and CV Sara Mahkota Inti Mining, all domestic investment companies. (pwn)