Both the 20 notes are currently in default. PT Berau Coal Energy also issued US$500 million worth of 7.25% guaranteed senior notes in 2017. Berau Coal īerau Capital Resources Pte issued US$450 million worth of 12.5% guaranteed senior secured notes, in 2015. But in its development, the DMPA's role became more holistic and not only mitigated, but also developed self-sufficiency for the villagers through eco-friendly forestry and eradicated tenure disputes in the region.
Originally, the DMPA was initiated to mitigate fires and encroachment of forests and lands around the company's concession area. In 2015, Sinar Mas through APP Sinar Mas introduced the "Desa Makmur Peduli Api" (DMPA) program as a development of various public empowerment programs it had previously done. On September 7, 2018, the World Wide Fund for Nature (WWF) openly recommended that companies and financial investors end their business relationships with APP and its affiliates. APP has hence remained one of only three companies in the world that the Forest Stewardship Council has disassociated from since October 2007.
Prior to this, APP and its pulpwood suppliers had a history of almost 30 years of deforestation and related destruction in the region. On August 15, 2018, the Anti Forest Mafia Coalition, published a report revealing that two APP suppliers in East Kalimantan had cleared nearly 32,000 hectares of natural forest, in violation of APP’s no-deforestation commitment in February 2013. In 2001, Asia Pulp & Paper (APP), the subsidiary of Sinar Mas, called a standstill on $14 billion worth of bonds and loans and stopped repaying its debt, including interest payments, in what is still the largest default to foreign investors in Asian market history.
PT Sinar Mas Komunikasi Teknologi Tbk ( Sinar Mas Communication & Technology).PT Mora Quatro Multimedia ( CEPAT NET, HOMELinks).
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