Indonesia Will Open Up to More Foreign Investment, Jokowi Says
Source: Bloomberg, October 3 2019 By Karlis Salna and Rieka Rahadiana (Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Indonesian President Joko Widodo said he’ll introduce sweeping changes to labor rules…
Global Trade Is Deteriorating Fast, Sapping the World’s Economy
Source: The New York Time, October 1 2019 By Peter S. Goodman LONDON — As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce is deteriorating rapidly, a perilous development that threatens the health of the global…
Global Manufacturing Contraction Stretches to Longest in 7 years
Source: Financial Times, October 1 2019 By Valentina Romei in London Global manufacturing activity further deteriorated in September as exports orders fell amid an escalation in the US-China trade war. The JPMorgan Global Manufacturing PMI rose marginally to 49.7 in September from 49.5 in August, marking…
China Narrows Scope for Trade Deal With U.S. Ahead of Talks
Source: BloombergQuint, October 7 2019 By Shawn Donnan and Jenny Leonard Chinese officials suggest a broad pact is off the table U.S. president still insists any deal has to be “100% for us” (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in…
Indonesia is Looking to Overhaul its Tax System. Here are 6 Important Changes You Need to Know
Source: The Conversation, September 24 2019 Southeast Asia’s biggest economy, Indonesia, is planning to issue a new tax law to jump-start its economy amid stagnant local and global economic conditions. The new law aims to deregulate existing tax requirements to create a more open business climate. Indonesia…
Foreigners Dump $1.2 Billion of Indonesian Stocks After Weak Growth, Protests
Source: Bloomberg, September 30 2019 Foreign investors pared their holdings of Indonesian stocks as escalating political demonstrations added to worries of a slowdown in Southeast Asia’s largest economy. Net foreign selling in the equity market reached $1.2 billion in the third quarter, set for the…
Why It’s Another Bad Year for Indonesia’s Forest Fires
Source: Bloomberg, September 19 2019 By Yoga Rusmana An annual nuisance, stinging smoke from massive wildfires is blanketing parts of Indonesia, Malaysia and Singapore this year on a greater than usual scale. Most of the blazes result from illegal slash-and-burn methods used to clear farmland for…
President Jokowi Faces Student Protests and Crises Heading Into New Term
Source: The New York Times, September 25 2019 By Richard C. Paddock JAKARTA, Indonesia — Indonesia’s president, Joko Widodo, preparing for his second term, faces a sudden loss of public support amid mounting crises, including student protests, burning forests and deadly violence in distant Papua province….
Indonesia’s Criminal Code: What it is, Why Does it Matter, and Will it be Passed?
Source: The Guardian, September 26 2019 1. What is the draft criminal code? Indonesia’s draft criminal code is a comprehensive set of proposed changes to the country’s existing penal code, which dates back to the days of Dutch colonial rule. The draft bill has been…
China Trade Talks set to Resume Oct. 10
Source: CNBC, September 26 2019, 5:10 PM EDT KEY POINTS Trade talks between the U.S. and China are set to resume Oct. 10-11 in Washington, D.C., three people close to the talks told CNBC on Thursday. Chinese Vice Premier Liu He will be representing the delegation…