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Blog Masonry

[Premium] Country Update: 21 November – 4 December 2019
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Indonesia   Jokowi Pushes Back Against Constitution Amendment Proposals (2 Dec – Ongoing) President Joko Widodo “Jokowi” expressed his opposition towards proposals to amend the 1945 constitution on Monday, 2 December. The proposals were based on a Suharto-era framework called the Broad Guidelines of State Policy (GBHN), and...

[Premium] Country Update: 8 -20 November 2019
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Indonesia   Indonesia’s 2019 Budget Deficit Expected to Exceed Earlier Estimates (18 Nov) Finance Minister Sri Mulyani Indrawati told reporters that the 2019 budget deficit is now expected to reach up to 2.2% of Indonesia’s gross domestic product (GDP), up from an initial target of 1.84%. This revision...

Commentary: Next steps to finance a green economy
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By Simon Tay and Lau Xin Yi For The Business Times Opportunities to grow the financial sector as well as to respond to climate concerns are being boosted. Recent announcements made by the Monetary Authority of Singapore (MAS) at the Singapore FinTech Festival can help create green...

[Premium] Infographic: Jokowi’s Onward Cabinet
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Indonesian President Joko Widodo unveiled his cabinet shortly after his inauguration on 20 October. Filled with a mix of politicians and technocrats, there are both familiar faces and new entries among the group of 38. They will be tasked with implementing the President's ambitious reform...

[Premium] Infographic: Malaysia’s Budget 2020
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Malaysia's Budget 2020 was unveiled by Finance Minister Lim Guan Eng on Friday, 11 October. While not as ambitious in terms of spending as Budget 2019, it had a number of interesting features that warrant a closer look. In addition, concerns have been raised about...

[Premium] ESG Update: 26 October – 8 November 2019
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Resources Sustainability   Indonesian Court Fines Palm Oil Firm $18.5m Over Forest Fires In 2015 (28 Oct) An Indonesian court has fined a palm oil company $18.5 million for fires that destroyed 970 hectares (2,400 acres) of forest on its concession in Borneo in 2015. The judgment is...

[Premium] ESG Update: 12 October – 25 October 2019
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Resource Sector    Malaysia Warns New EU Rules Could Hurt Palm Oil Used In Food (15-22 Oct) The European Parliament will proceed with phasing out palm oil-based biofuel by 2030 despite threats of retaliatory action by Indonesia and Malaysia, the world’s biggest producers of the ubiquitous vegetable oil....

Commentary: ASEAN in the US-China contest
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By Simon Tay and Jessica Wau For the East Asia Forum Quarterly Rising US–China tensions go beyond trade issues and involve a broad range of issues, including strategy, security and values. It’s pertinent to also look at the technology choices that ASEAN and others are facing in...

[Premium] Country Update: 24 October – 7 November 2019
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Indonesia   No Plans to Issue Regulation to Revoke KPK Bill: Jokowi (1 Nov)  Indonesian President Joko Widodo “Jokowi” told reporters on Friday, 1 Nov that he did not intend to revoke the revised bill for the Corruption Eradication Commission (KPK). The law, which was passed in September...