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Search resuls for: "Kapuk"


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The city, PIK 2, is worth about $16 billion and is intended to drive tourism to the area. Bloomberg reported the developers are in touch with partners in China and Singapore to build a port at PIK 2. Indonesian business tycoons are moving ahead with an ambitious real estate project: building a new city in North Jakarta to boost tourism. The publicly traded parent company behind the project — PT Pantai Indah Kapuk Dua — has a $16 billion market capitalization. AdvertisementRepresentatives for Kusuma at PT Pantai Indah Kapuk Dua and Agung Sedayu Group did not respond to requests for comment from Business Insider.
Persons: Agung, Sugianto Kusuma —, Salim, Anthoni Salim, Agung Sedayu, Kusuma, It's, Joko Widodo Organizations: Bloomberg, Salim Group, PT, Hatta, Forbes, Nusantara, Kusuma, Agung Sedayu, Business Locations: North Jakarta, The, China, Singapore, Agung Sedayu, Kapuk, Soekarno, Indonesia, Jakarta, East Kalimantan, Borneo, Kapuk Dua, Agung
Indonesia pushes tourism to boost mangrove restoration
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +2 min
JAKARTA, June 2 (Reuters) - Tourists in Indonesia are discovering the benefits of mangroves as the archipelago pushes to replant or conserve carbon-rich coastal areas that have been decimated by human activity. Last year alone, the country lost 700,000 hectares of mangroves, according to Indonesia's Mangrove and Peatlands Restoration Agency (BRGM). "A lot of people and businesses have these mangrove forests levelled down and then build a tourist spot above it by piling sand to make artificial beaches. That contradicts nature preservation," said Muhammad Saleh Alatas, owner of The Mangrove Paddling Centre, which organises tours in the mangroves of Jakarta. Reporting by Tommy Ardiansyah, Johan Purnomo, Zahra Matarani; Editing by Kanupriya Kapoor and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Connie Sihombing, I've, Muhammad Saleh Alatas, Muhammad Ilman, Tommy Ardiansyah, Johan Purnomo, Zahra Matarani, Kanupriya Kapoor, Emelia Organizations: Restoration Agency, Nusantara Nature Conservation Agency, Thomson Locations: JAKARTA, Indonesia, Jakarta
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