Big push from foreign investors into PNG
- Islands Business
- 12 July 2010
"We have Indonesians and Malaysians coming in and saying we want 100,000 hectares to make PNG a rice producing country," says PNG’s Deputy Prime Minister Sir Puka Temu
"We have Indonesians and Malaysians coming in and saying we want 100,000 hectares to make PNG a rice producing country," says PNG’s Deputy Prime Minister Sir Puka Temu
In Merauke, over 1000 people marched to the regional legislature to present their demands, and rallied against the failure of Special Autonomy to protect indigenous people, particularly in regard to the planned 80 million-hectare Merauke Food Estate.
Communities throughout Indonesia are losing land to companies seeking to profit from the booming palm oil industry.
Wilmar, which already owns 200,000 ha of sugar cane plantations in Indonesia, said it intended to use Sucrogen’s proven expertise in the sugar business to pursue growth strategies in “Indonesia and other high potential Asian markets.’’
A tribe of hunter gatherers living in trees in the forests of Papua, near the planned Merauke food estate where Wilmar and other firms plan to get farmland, has been discovered officially for the first time.
Major factor for enacting new investment law for land was Saudi Arabia's halting of investment projects worth billions of riyals, says Indonesia's Minister of Agriculture.
Singapore's Wilmar, the world's largest listed palm oil firm, wants to invest $2 billion in Indonesia where they are targeting Merauke to develop sugar cane plantations
Indonesia's Minister of Agriculture says the Embassy in Riyadh will organize a meeting and formulate regulations on the investment, as a follow-up of his visit to Saudi Arabia
Instead of providing land to big corporations, the Indonesian government has a better choice: to redistribute land to the millions of landless and peasant families so they can work again to feed their family.
The Company intends to develop approximately 32,500 ha of land for palm oil production in Sorong Regency, West Papua Province, Indonesia.
Indonesia aims to attract Gulf Arab investors to develop "sleeping land" says Agriculture Minister during meetings with businessmen in Riyadh.
Pelo menos nove grupos, entre coreanos, chineses e indonésios, vieram neste ano ao país em busca de terras para plantio de alimentos.