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FEATURE-Eco-friendly Eid - the Indonesian women on a mission to plant trees

By Harry Jacques, Thomson Reuters Foundation
6 Min Read
SUKOHARJO, Indonesia, May 13 (Thomson Reuters Foundation) - On a grass verge by a road dissecting miles of rice fields in Central Java province, a group of volunteers with ‘Aisyiyah, Indonesia’s oldest Islamic women’s movement, walk along a row of mahogany, sengon and teak trees they recently planted.
A short drive away, Ismokoweni, who leads ‘Aisyiyah’s local environmental chapter and goes by one name, picks her way past painted gravestones towards an area of damaged forest where the group has also planted seedlings.
After a drought dried up wells here, members purchased gallons of water from the local utility for affected households, Ismokoweni told the Thomson Reuters Foundation shortly before Eid al-Fitr, which marks the end of the holy month of Ramadan. ....

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Russia's Segezha matches final IPO price in Moscow debut, implies market cap of $1.7 bln

By Reuters Staff
2 Min Read
MOSCOW, April 28 (Reuters) - Russian forestry group Segezha debuted on the Moscow Exchange at around 8 roubles per share on Wednesday, matching its final IPO offer price and implying a market capitalisation of 125.5 billion roubles ($1.68 billion), the company said.
The offering consists of 3,750,000,000 new shares, representing 31.4% of Segezha’s current share capital, the company said, with Segezha set to raise 30 billion roubles.
Segezha, controlled by conglomerate Sistema, announced plans to hold an initial public offering earlier this month. Sistema will retain a 73.7% ownership stake, with a free float of 23.9% expected.
The final offer price, set at 8 roubles per share, was towards the lower end of a target price range of 7.75-10.25 roubles per share, set last week. ....

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REFILE-Indonesia's looser palm plantation rules renew conflict between jobs, environment

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JAKARTA, April 21 (Reuters) - Indonesian farmer Albertus Wawan hopes a new government regulation means the small plot of land where he grows palm oil trees in a forest reserve on Borneo may be recognised as a legal plantation and eligible to access funding.
But the hopes of thousands of smallholders like Wawan for the acceptance of their farms inside designated forest areas is alarming green groups and comes at time when palm oil is under scrutiny in some Western countries for its links to deforestation.
The changes, part of President Joko Widodo’s sweeping liberalisation of regulations to boost Southeast Asia’s biggest economy, illustrate the trade-offs countries make to protect the environment or provide jobs to raise living standards. ....

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UPDATE 2-Finland's Stora Enso sees paper business returning to profit

(Adds CFO and analyst comments, details)
HELSINKI, April 23 (Reuters) - Finnish forestry firm Stora Enso posted a bigger-than-expected jump in first quarter operating profit on Friday but said its paper division fell to a loss as sales dropped 28% from last year.
Chief Financial Officer Seppo Parvi told Reuters the closure of two paper mills, which was announced this week, would return the paper business to “satisfactory profitability”.
Citing falling paper demand in Europe, Stora Enso had said it would close the mills in Finland and Sweden that employ a total of 1,110 people. But analysts said this might not be enough to improve stem losses from the paper business. ....

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FEATURE-Betting on bamboo: Indonesian villages struggle to source safe, green power

By Harry Jacques, Thomson Reuters Foundation
9 Min Read
SALIGUMA, Indonesia, April 20 (Thomson Reuters Foundation) - C utting through the glassy water of a mangrove-fringed inlet on the east coast of Indonesia’s Siberut island, Mateus Sabojiat and Anjelina Sadodolu arrived home by canoe to Saliguma village.
Back in their house, Sadodolu lit a wood fire to boil water before her husband left for work at the local government office.
“The electric power is on only when it is time to sleep,” said Sadodolu.
The couple in their forties, who have six children, live just a few hundred metres from Indonesia’s first power plant designed to be fuelled by bamboo, one of three such facilities built to bring electricity to isolated villages in Siberut. ....

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