Environmental concerns, protests may discourage foreign investment: Moody’s

first_imgThe omnibus bill on job creation, which passed into law on Monday, earlier than previously scheduled on Thursday, has sparked widespread protests and labor strikes nationwide due to concerns that the law will undermine labor rights and weaken environmental protections.Activists and observers have also raised concerns over the law’s deliberations, which they said lacked transparency and public input.“Without offsetting benefits, weaker protections for a large and growing working class could spark opposition from various political and social interest groups, with counterbalancing effects on labor productivity over the near term,” Moody’s said.The government has been struggling to revive the economy, which has been hit hard by uncertainty over the pandemic. Indonesia’s gross domestic product shrank 5.32 percent in the second quarter as household spending and investment contracted 5.51 percent and 8.61 percent respectively. Indonesia’s Job Creation Law may facilitate investment and help revive the economy, but relaxed environmental regulation and widespread protests by labor unions could discourage foreign investors and limit the law’s benefits, Moody’s Investor Service has said.The passage of the omnibus bill is expected to facilitate both domestic and foreign investment and help revive economic growth, Moody’s wrote in a research note on Thursday. Risks, however, loom for the Indonesian economy.“Relaxation of reporting for businesses that have required an environmental impact analysis and easier restrictions on clearing peatland for oil palm plantations could particularly deter foreign investment” that is increasingly focused on environmental-, social- and governance-driven goals and responsible commodity production, Moody’s analysts said. The government projects this year’s full economy to shrink 0.6 to 1.7 percent, marking the first annual economic contraction in two decades.Asian Development Bank (ADB) country director for Indonesia Winfried Wicklein said the omnibus law, along with other policy and regulatory measures, would help the economy to recover from the pandemic and boost its economic outlook.“ADB is looking forward to supporting the government of Indonesia toward achieving more equitable labor market outcomes and addressing concerns on environmental sustainability,” he said in a statement on Thursday.Under the law, environmental permits are now merged with business permits with only high-risk industries required to submit an environmental analysis. The law will also raise fines for environmental damages, with those who burn forests potentially subject to 15 years’ imprisonment and a Rp 7.5 billion fine.The law also returns the authority over land use and permits to the central government from regional administrations and sets up a one-map policy to resolve the issue of overlapping land claims.In addition, it cuts severance benefits paid by employers to laid-off workers from 32 times their monthly salary to 19 times.The JKP scheme will be managed by the Workers Social Security Agency (BPJS Ketenagakerjaan). Article 46E of the bill stipulates that the source of funds for the JKP scheme, which currently has yet to be established under the country’s social security system, will come from the government, workers’ premiums and BPJS Ketenagakerjaan operational funds.Speaking in a press briefing on Thursday, Investment Coordinating Board (BKPM) chief Bahlil Lahadalia said the government would speed up the implementation of the law, adding that the widespread protests did not deter potential investors from coming into the country.“As many as 153 companies from Japan, China and the United States are planning relocation to Indonesia following the passage of the omnibus bill,” he claimed. “They wanted to invest in infrastructure, manufacturing, mining, energy and tourism, among other sectors.”The BKPM chief defended the law, saying “it would be able to create jobs that will benefit workers and will not undermine environmental rules”.Topics :last_img read more

Helen Clark backs letting ex-criminals sell cannabis legally

first_imgNewsHub 7 September 2019Family First Comment: “Helen Clark has no problem with gangs and others growing cannabis illegally getting licences, should it become legal. ‘They’ve got the experience of growing it.’”They have other experience also. Intimidation. Laundering. Deferring funds to illegal activities. Violence….#saynopetodopeHelen Clark has no problem with gangs and others growing cannabis illegally getting licences, should it become legal.“They’ve got the experience of growing it,” the former Prime Minister told Newshub Nation on Saturday.“If you’re moving to a legal market, why would you exclude the people who have traditionally been growing?”Clark’s foundation earlier this week came out in support of legalising the popular drug, and treating it as a health issue rather than a criminal one. Next year Kiwis will be asked for their views in a referendum.“The referendum is not about whether or not people should use it; it’s recognising the reality that it’s there now,” said Clark.“We could put some rules around it or we continue to have it as a complete free-for-all with no rules at all. So that’s why I came down for rules.”She says New Zealand’s well-placed to quickly and painlessly convert the black market thanks to existing rules around tobacco, which she helped write.READ MORE: https://www.newshub.co.nz/home/new-zealand/2019/09/helen-clark-backs-letting-ex-criminals-sell-cannabis-legally.htmllast_img read more

December 13, 2017 Police Blotter

first_imgDecember 13, 2017 Police Blotter121317 Batesville Police Blotter121317 Decatur County EMS Report121317 Decatur County Fire Report121317 Decatur County Jail Report121317 Decatur County Law Reportlast_img

RIO2016: Siasia Reads Riot Acts to Dream Team VI Invitees

first_img*Report to camp Monday or forget trip to BrazilDream Team VI Head Coach, Samson Siasia, has warned that any of the players invited from the domestic leagues who fail to report to camp by Monday, April 25 should not bother coming to camp, as the technical crew will work with only players available to them and are willing to play at the Olympics.Speaking after the team’s training session at the practice pitch of the Abuja National Stadium, yesterday, Siasia said he does not want to make the mistake of the past when players who had been penciled down by the coaching crew were not available when needed.“I want to work with only the players on ground, and to get them to the shape I want,” Siasia reiterated.On the issue of other teams in Nigeria’s Group B already announcing plans to include very experienced over-aged players, the U-23 gaffer said the technical crew and the players are not scared of any individual player, but would rather bother about the quality of opposition at the Olympics’ football event. “Yes, I have read of plans by Sweden to include someone like Zlatan Ibramovich as one of their over –aged players for the Games. Good for them, but as far as we are concerned, there is nothing like fear. For us, we are trying to put up a team, and that will determine which players we are going to bring. We have played against players of stronger calibre than Zlatan. We have played against Lionel Messi and Di Maria and others.“We would rather think of the fact that they have a strong team tha‎t will play against us, and not individual players. I don’t want to jump around and start mentioning names, and later if those players are not available, we would be disappointed. So, I have to be sure of what I am doing and when that time comes we will release the names.”On the issue of players like John Mikel Obi and Ogenyi Onazi showing interest in playing for Nigeria at the Olympics, Siasia remarked: “I guess that because Mikel missed out the last time, he wants to make up for it. Not only that, the last couple of games he has played for the Super Eagles, he has been playing very well, and if he wants to be part of the team, of course he is welcome, but as I said we have to look at the positions we really, really need people. We are not going to select players because they play for the Super Eagles or because they are still under the age bracket. They have to compete with those players who actually qualified the team for the Olympics.”Coach Siasia confirmed that he has sent a provisional list of 60 players for the Games. According to him, “if your name is not on that list, then no Olympics for you. That’s why we put as many names as we can, we don’t know the Europe -based players whose clubs would release for the Games.”The U-23 coach said he smiled and stood near Brazil coach, Dunga after the draws at the Maracana Stadium in Rio de Janeiro: “I told myself this is the man I would be playing against in the Final Match!”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more