From Forests to Petrochemicals

THE Far Eastern Economic Review magazine crowned Prajogo Pangestu ‘Lord of the Forest’ two decades ago. PT Barito Pacific Timber, the business of the man from Sungai Betung, West Kalimantan, cleared many jungles in Indonesia, from Sumatra to Papua.

Today, his timber business has faded. Last data from the Indonesian Association of Forestry Businesspeople shows that his name is missing from the top 10. “Barito’s production has plummeted,�

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