Fires burn Indonesia’s economy

December 16, 2015 by  
Filed under Indonesia, News, Southeast Asia

JAKARTA, 16 December 2015: Indonesia’s economy took an USD16-billion hit this year from forest fires that cloaked Southeast Asia in haze.

It was more than double the sum spent on rebuilding Aceh after the 2004 tsunami, the World Bank said Tuesday.

The fires and resulting haze are an annual occurrence caused by slash-and-burn land clearance mainly instigated by corporations in the palm oil and paper industries. Read more