Tag Archives: policy

Jakarta Governor Anies Baswedan has voided principle permits to stop work on 13 man-made islands in the controversial Jakarta Bay land reclamation project. Anies said that the decision on Wednesday was made after hearing a recommendation from the Northern Coast Management Coordinating Agency (BKP-Pantura). “Based on the recommendation, we can assure you that we will […]

The European Union is set to ban the use of halogen bulbs and households are expected to switch to more energy-efficient lights, starting next month. A continent-wide switchover to light-emitting diodes (known as LEDs) is underway that will slash emissions and energy bills, according to industry, campaigners and experts. LEDs consume five times less energy […]

America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts that a trade war is “easy to win.” They can just reflect on the levers of pain China pulled against South Korean-owned businesses last year to imagine a state-nudged boycott against Starbucks or shutdown of Nike’s factories. China vows to […]

New Zealand’s Parliament passed a law on Wednesday (Aug 15) to ban many non-resident foreigners from buying existing homes, completing the Labour-led government’s election campaign pledge. The ban only applies to non-residents. Australians and Singaporeans are exempted because of free-trade deals. Jacinda Ardern, New Zealand’s popular 38-year-old prime minister, campaigned before last September’s election on […]

Commerce Secretary Wilbur Ross signaled there’s more pain ahead unless China changes its economic system, as the Asian nation repeated it will never surrender to U.S. trade threats. “We have to create a situation where it’s more painful for them to continue their bad practices than it is to reform,” Ross said in an interview […]

Bank Indonesia (BI) predicts a relaxation loan to value (LTV) policy can contribute 0.04% to gross domestic product (GDP) until the end of the year. Meanwhile, the government is targeting for 2018 economic growth to reach 5.4%. “This LTV leeway can contribute as much as 0.04% to GDP,” said Assistant Governor Head of Makroprudential Policies […]