Recently, Indonesian State Secretary Prasetyo Hadi stated that the land and related economic activities of 28 companies whose business licenses have been revoked will be managed by the investment management agency Daya Anagata Nusantara (BPI Danantara). Prasetyo Hadi explained that the management rights of these vacant lands or business assets, left idle due to state revocation, will be transferred to Danantara.
Under the arrangement, the land of 22 of these companies will be managed by PT Perhutani, while the remaining six will be handled by Antam or MIND ID. Prasetyo clarified that this is because the related mining licenses have been transferred to the latter two entities.
Responding to claims that these companies could continue operating after their licenses were revoked, Prasetyo denied such assertions. He emphasized that the corresponding administrative procedures are still ongoing and that the notion that "operations are permitted despite license revocation" is untrue.
Previously, President Prabowo Subianto signed a decision on January 20 to revoke the business licenses of these 28 companies. These firms were confirmed to have been involved in forest destruction, which exacerbated flooding in the Sumatra region.
The decision was based on an investigation report by the "Family Hope Program" task force. Among the 28 companies, 22 are primarily engaged in forest management operations involving natural and plantation forests, covering a total area of 1,010,592 hectares. The remaining six are involved in businesses related to mining, plantations, and timber forest products licenses.
Written by Cora Ji, jiruyan@mysteel.com
