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...
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...
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....
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...
Resource Sector Agroforestry companies linked to forest fires causing haze (24 Sep) As forest fires rage on in Indonesia, connection with Singapore and Malaysia have surfaced. Three Indonesian firms with offices in Singapore have been linked to the haze-belching fires. One company, Hutan Ketapang Industri, sealed off...
Resource Sector Indonesia forest fires surge and Singapore's air quality may enter 'unhealthy' range (12 Sept) The number of blazes in Indonesia's rainforests has jumped sharply, satellite data showed on Thursday (Sept 12), spreading haze across South-east Asia. Indonesia's forest fires are an annual problem but have...
The lack of good quality, adequate infrastructure has been a long-standing challenge in Asia and the Pacific. Meeting infrastructure needs in areas such as access to electricity and water is not only critical for economic growth but also to improve the quality of life for...
By Simon Tay and Lau Xin Yi All major Singapore banks recently announced that they will stop financing new coal-fired power plants. This is significant in aligning Singapore as a financial hub with the position of many Western financial institutions. But it opens up more questions...
Haze/ Resources/ EU Indonesia threatens to quit Paris climate deal over palm oil (27 Mar) Indonesian leaders have announced that they are considering leaving the Paris climate deal if the European Union proceeds to phase out palm oil in renewable transportation fuel. The announcement comes after the...
Initiated by the ASEAN Capital Markets Forum (ACMF), the second edition of the ASEAN Capital Market Conference 2018 was hosted by the Monetary Authority of Singapore (MAS) on 11 October 2018 (Thursday). It brings together senior capital market regulators and key industry leaders to develop...