Danantara Indonesia assumes management of Sumatra lands seized over environmental breaches
Indonesia's sovereign wealth fund takes control of vast Sumatran lands after environmental permit revocations. The move targets 28 firms to improve land management.
Insights:
President prabowo subianto has officially revoked the business permits of 28 companies operating in Sumatra following allegations of severe environmental breaches. This decisive action by the leadership in 
ID has led to the sovereign wealth fund, Danantara Indonesia, taking over the management of the seized lands. The revocation of these permits is directly linked to environmental issues that have contributed to devastating floods and landslides across the Sumatra region.
ID has led to the sovereign wealth fund, Danantara Indonesia, taking over the management of the seized lands. The revocation of these permits is directly linked to environmental issues that have contributed to devastating floods and landslides across the Sumatra region.
