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Blog Masonry

[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...

[Premium] Country Update: 10 – 23 October 2019
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Indonesia   Jokowi Inaugurated for Second Term (20 Oct)  Indonesian President Joko Widodo “Jokowi” was sworn in for a second term on Sunday, 20 October. He had won 55.5% of the vote in the April election, 11% more than his opponent, Prabowo Subianto. At the inauguration ceremony...

Commentary: A climate for change
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By Simon Tay Despite sceptics – most notably US President Donald Trump – people today are increasingly concerned about climate change and calling for action. Governments are responding, with some 60 world leaders gathered for the climate summit last month (Sept). Singapore’s Prime Minister Lee Hsien Loong...

Leveraging the Financial Sector to End Modern Slavery and Human Trafficking
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Sustainable finance and environmental-social-governance (ESG) standards are starting to gain traction in Singapore. In 2015, the Association of Banks in Singapore released its Guidelines on Responsible Financing, requiring banks to incorporate ESG criteria in lending and risks assessments. In 2017, the ESG Integration Results of...

[Premium] ESG Update: 28 September – 11 October 2019
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Resource Sector   Indonesia Finds One-Fifth of Palm Oil Plantations Are Illegal (10 - 11 Oct) Last year President Joko Widodo issued a ban on new permits for palm plantations for three years, aiming to protect the country's forests. The order also gave the government authority to review...

Hong Kong’s Protests: Economic Damage and Long-Term Implications
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On 3 October, we held a talk with Ms. Li Xueying, Enterprise Editor, The Straits Times and Dr. Steven Cochrane, Chief APAC Economist, Moody's Analytics, examining the implications of the protests in Hong Kong. The session was moderated by SIIA Chairman Simon Tay. In 2014, the...