Indonesia: BPKM Says It'll Put a Stop to Coral Sales

Jakarta Globe 24 Sep 15;

Jakarta. Pledging to protect what's left of the country's coral reefs, Indonesia's Investment Coordinating Board (BKPM) will no longer issue permits for businesses that cultivate and distribute coral for aquarium decorations.

"As per [Maritime Affairs and Fisheries Minister Susi Pudjiastuti]'s recommendations, we will no longer allow either foreign or local businesses to take coral from its natural habitat, because the state of our coral reefs is worrying. This is part of the effort from the BKPM to protect our natural resources," Franky Sibarani, who heads the board, said in a statement on Wednesday.

Franky met with Susi at the BKPM's headquarter on Wednesday to discuss ways to increase foreign investment in the maritime industry, while also protecting natural resources and fishermen across the archipelago.

Both parties are slated to sign a memorandum of understanding soon. The commitment will include BKPM's promise to protect maritime resources as well as strategies to attract foreign investment in sustainable industries.