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Country: Malaysia Tag

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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13 Nov [Premium] Infographic: Malaysia’s Budget 2020

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...

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13 Nov [Premium] ESG Update: 26 October – 8 November 2019

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...

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13 Nov [Premium] ESG Update: 12 October – 25 October 2019

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....

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07 Nov [Premium] Country Update: 24 October – 7 November 2019

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...

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23 Oct [Premium] Country Update: 10 – 23 October 2019

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...

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15 Oct [Premium] ESG Update: 28 September – 11 October 2019

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...

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