JAKARTA : Norway's wealth fund has placed an Indonesian state-controlled cement maker, in which it has a stake, under observation for three years for what it calls 'risk of damage' from the firm's activities to prehistoric cave paintings on Sulawesi island.A Semen Indonesia subsidiary operates a mine near
JAKARTA : Norway's wealth fund has placed an Indonesian state-controlled cement maker, in which it has a stake, under observation for three years for what it calls"risk of damage" from the firm's activities to prehistoric cave paintings on Sulawesi island.
"The background for the decision is unacceptable risk of damage on prehistoric and irreplaceable culture heritage," Norges Bank said on Thursday, citing recommendations by an ethics council. NBIM is Semen Indonesia's third-largest shareholder, with 1.6 per cent of outstanding shares as of end-2022 worth around $45 million, according to Refinitiv data.
Earlier this week, UNESCO designated the area a 'global geopark', meaning it is a landscape with geological significance that should be developed sustainably.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid great power competition, Asean has big opportunities: Ex-Indonesian minister Mari PangestuThe bloc must reinforce open regionalism and develop a long-term low carbon vision. Read more at straitstimes.com.
Read more »
#trending: Indonesian bride gets coveted Coldplay concert tickets as dowry, netizens laud groom’s effortsINDONESIA — An Indonesian couple has gone viral for their unique dowry: Tickets to the highly sought-after British band Coldplay’s concert. On Twitter, the groom’s brother posted last Sunday (May 21) a moment during the couple’s solemnisation with a caption stating that his “brother got married w
Read more »
#trending: Indonesian bride gets coveted Coldplay concert tickets as dowry, netizens laud groom’s effortsINDONESIA — An Indonesian couple has gone viral for their unique dowry: Tickets to the highly sought-after British band Coldplay’s concert. On Twitter, the groom’s brother posted last Sunday (May 21) a moment during the couple’s solemnisation with a caption stating that his “brother got married w
Read more »
Amid great power competition, Asean has big opportunities: Ex-Indonesian minister Mari PangestuThe bloc must reinforce open regionalism and develop a long-term low carbon vision. Read more at straitstimes.com.
Read more »
Vietnam's VinFast recalls first batch of US-bound EVs over security riskHANOI- Vietnamese electric vehicle (EV) maker VinFast is recalling all of the first batch of vehicles it shipped to the United States following a security warning issued by the US National Highway Traffic Safety Administration (NHTSA). In a statement, the NHTSA said 999 VF8 vehicles suffered a software error in the dashboard display which prevented critical safety information from being...
Read more »
Singapore faces 'high risk' of technical recession amid external uncertainties, say economistsWeaker exports amid lacklustre external demand and a limited boost from China’s reopening are among the uncertainties ahead for Singapore's economy, according to private-sector economists.
Read more »