2018/26, 16 March 2018
Revisions to Indonesia’s Law on Legislative Bodies (MD3) were first passed by parliament (DPR) on February 12th. President Jokowi mulled over whether or not to sign the new law. After a month of equivocation, he chose not to add his signature to the MD3. However in Indonesia, a bill passed by the parliament automatically becomes law after 30 days, regardless of whether it has the President’s formal stamp of approval.
This article was translated from ISEAS Perspective 2018/11 Chinese Investment in Malaysia: Five Years into the BRI by Dr Tham Siew Yean and published by Lianhe Zaobao on 13 March 2018.
Dr Tham Siew Yean is Senior Fellow with ISEAS – Yusof Ishak Institute.
2018/24, 15 March 2018
One highlight of China’s National People’s Congress session in March 2018 is the restructuring of China’s State Council, or cabinet, to improve its governance and effectiveness. Among the proposed changes is the creation of a new state-level International Development Cooperation Agency (IDCA) that will integrate the foreign aid work functions of the Ministry of Commerce and Ministry of Foreign Affairs.
2018/23, 14 March 2018
Last week, the world saw two contrasting events: roughshod protectionism and dogged commitment to global open trade. Even as President Trump imposed tariffs of 25% on imported steel and 10% on imported aluminium, 11 countries from Asia-Pacific signed the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
“The Philippine Panda Bond” by Malcolm Cook
In the next week or two, the Philippine government plans to issue its first panda bond (a renminbi-denominated bond issued by a non-Chinese borrower to investors in China). The planned ¥1.46 billion ($200 million) issuance, if successful, would be a win-win-win development for the Philippines and China.