Government revokes Jambi's approval

Government revokes Jambi's approval

JAMBI (Antara): The Indonesian government has revoked its approval of a Malaysian company's investment in a 27,000-hectare oil palm plantation in Tanjung Jabung district, Jambi province.

The revocation of the approval for the investment became effective early this year, head of the provincial plantations office, Amrie Ramli, said here Friday.

He declined to name the Malaysian company.

He however assured that this will not have any direct impact on the development of other commercial crops in the province.

Jambi has some 260,481 hectares of plantations, most of which are planted with oil palms.

Some 103,000 hectares have been allotted for joint ventures between Indonesian and foreign businessmen.

In recent years however, foreign investors' interests have increased.

Ramli expressed hope that with limited foreign investments in the province's oil palm plantations, Indonesian investors would have more chance to take part in Jambi's development.