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Premium Updates

10 Feb [Premium] ESG Update: 15 – 31 January 2020

Resources Sustainability   U.S. biofuels not to blame for Indonesia and Malaysia deforestation (24 Jan) Since 1990, the United States has ramped up its production of biofuels—to about 16 billion gallons of ethanol and 1.6 billion gallons of biodiesel in 2017. At the same time, production of palm...

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10 Feb [Premium] ESG Update: 1 – 14 January 2020

Resource Sustainability   Palm oil processors top plantations in destroying proboscis monkey habitat (8 Jan) The oil palm processing industry has overtaken palm plantations as the biggest cause of the loss of habitat for the endangered proboscis monkey in Indonesia’s Balikpapan Bay. A new study pinpoints the shift...

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10 Feb [Premium] ESG Update: 23 November – 6 December 2019

Resource Sustainability Indonesia fires emitted double the carbon of Amazon fires (25 Nov) Fires from land and forest fires across Indonesia this year have pumped at least 708 million tons of greenhouse gases into the atmosphere — almost double the emissions from the fires that swept through...

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05 Feb [Premium] Country Update: 23 January – 5 February 2020

The Novel Coronavirus Outbreak   More Governments Restrict Travellers from China As the Novel Coronavirus outbreak develops, more governments are instituting temporary travel restrictions to and from mainland China. Australia and Italy joined the United States in denying entry to non-citizens who had travelled to China. Within ASEAN...

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23 Jan [Premium] Country Update: 9 – 22 January 2020

Indonesia   Indonesia Engages Softbank, UAE and Others to Build New Capital City (10 Jan – Ongoing) Indonesia’s National Development Planning Minister Soeharso Monoarfa announced that at least five foreign investors have expressed interest in developing Indonesia’s new capital city in East Kalimantan. The relocation project, announced in...

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08 Jan [Premium] Country Update: 19 December 2019 – 8 January 2020

Indonesia   KPK Developments: Supervisory Council Inaugurated While Jokowi Introduces the First of Three Regulations (20 Dec, 29 Dec) Indonesian President Joko Widodo “Jokowi” inaugurated five members of the newly established Corruption Eradication Commission (KPK) supervisory council on 20 December. The council members, including a former Constitutional Court...

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19 Dec [Premium] Country Update: 5 – 18 December 2019

Indonesia   PT Garuda Shaken Up Following Harley Davidson Scandal (5 – 13 Dec)  Indonesia’s flag carrier PT Garuda Indonesia came under public scrutiny following revelations of a smuggling case on one of its new Airbus jets. Parts for a Harley Davidson motorcycle and two high-end Brompton folding...

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09 Dec [Premium] ESG Update: 9 – 22 November 2019

Resources Sustainability    Indonesia to launch voluntary carbon market (13 Nov) Indonesia, one of the world’s biggest emitters of greenhouse gases, is planning to launch a voluntary carbon trading scheme that could link to other countries if successful, a senior government official said on Tuesday. The South East...

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05 Dec [Premium] Country Update: 21 November – 4 December 2019

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...

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20 Nov [Premium] Country Update: 8 -20 November 2019

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...

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