DOCSLIB.ORG

ASEAN Investment Report 2018 Invest in ASEAN Foreign Direct Investment and the Digital Economy in ASEAN

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ASEAN Investment Report 2018 Invest in ASEAN Foreign Direct Investment and the Digital Economy in ASEAN ASEAN Investment Report 2018 Invest in ASEAN Foreign Direct Investment and the Digital Economy in ASEAN : ASEAN : @ASEAN : www.asean.org one vision www.unctad.org one identity one community ASEAN Investment Report 2018 Foreign Direct Investment and the Digital Economy in ASEAN United Nations Conference on Trade The ASEAN Secretariat and Development AIR2018_FRONT MATTER_(Oct.21).indd 1 21/10/2018 17:35:39 ASEAN Investment Report 2018 Foreign Direct Investment and the Digital Economy in ASEAN United Nations Conference on Trade The ASEAN Secretariat and Development AIR2018_FRONT MATTER_(Oct.21).indd 1 21/10/2018 17:35:39 The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ASEAN Secretariat is based in Jakarta, Indonesia. For inquiries, contact: The ASEAN Secretariat Community Relations Division (CRD) 70A Jalan Sisingamangaraja Jakarta 12110 Indonesia Phone: (62 21) 724-3372, 726-2991 Fax: (62 21) 739-8234, 724-3504 E-mail: [email protected] Catalogue-in-Publication Data ASEAN Investment Report 2018 – Foreign Direct Investment and the Digital Economy in ASEAN Jakarta: ASEAN Secretariat, November 2018 332.67395 1. ASEAN – Investment 2. Economics – Foreign Direct Investment ISBN 978-602-5798-24-5 ASEAN: A Community of Opportunities for All The text of this publication may be freely quoted or reprinted, provided proper acknowledgement is given and a copy containing the reprinted material is sent to the Community Relations Division (CRD) of the ASEAN Secretariat, Jakarta General information on ASEAN appears online at the ASEAN Website: www.asean.org Copyright Association of Southeast Asian Nations (ASEAN) 2018. All rights reserved. This publication was prepared by the ASEAN Secretariat and the United Nations Conference on Trade and Development (UNCTAD), and supported by the Government of Australia through the ASEAN-Australia Development Cooperation Program Phase II (AADCP II). The map in this publication is only indicative and is not drawn to scale. Disclaimer The ASEAN Investment Report is produced to facilitate a better understanding of FDI developments in ASEAN. The findings, interpretations, and analysis in the Report should be treated with care, as work on harmonising and improving FDI quality across the region is on-going. The ASEAN Secretariat and UNCTAD have taken due diligence in the preparation of this publication. However, it shall not be held liable for any omissions or inaccuracies in the content of this publication. Neither the ASEAN Secretariat, UNCTAD and the Government of Australia accepts any liability for any claims, loss or expenses that may arise or arising from use of information in this publication. Reliance on the information is at the user’s sole risk/responsibility. AIR2018_FRONT MATTER_(Oct.21).indd 3 21/10/2018 17:35:39 AIR2018_FRONT MATTER_(Oct.21).indd 4 21/10/2018 17:35:39 v FOREWORD FDI flows to ASEAN rose to a record level, from $123 billion in 2016 to $137 billion in 2017, underpinned by significant rise in investment in eight Member States. As a result, ASEAN’s share of FDI flows to developing economies rose from 18 per cent in 2016 to 20 per cent in 2017. Of the total FDI flows to East and South-East Asia, ASEAN’s share also increased from 31 per cent in 2016 to 34 per cent in 2017. Intra-ASEAN investments, the biggest contributor to FDI flows in the region, reached a new high of $27 billion, or around 19 per cent to total inflows in the region. An important development in ASEAN is the rising investment in the digital economy, which includes e-commerce, fintech, venture capital and other digital activities such as in the development of data centres and various information and communication technology (ICT) infrastructure. Foreign and ASEAN digital MNEs and ICT companies are now increasing their attention on the region. Greenfield non-manufacturing ICT investment projects have grown rapidly from $2.8 billion in 2010 to $3.9 billion in 2017, while cross-border ICT mergers and acquisitions rose from just $172 million in 2010 to $3.6 billion in 2017. At the regional level, ASEAN Member States are intensifying cooperation to strengthen the competitiveness of their ICT industries, expand e-commerce and facilitate digital connectivity, including through working towards the signing of an ASEAN e-commerce agreement and adoption of an ASEAN Digital Integration Framework to facilitate transformation of the region into a competitive global digital hub. Given the above developments and the promising prospect for investment in the digital economy in the region, this year’s ASEAN Investment Report is very timely. The 2018 Report looks into the investment landscape and implications of digital economy and e-Commerce in ASEAN, and also discusses the policy options and digital economy strategy for the region. ASEAN needs to keep the momentum of rising investment in the ICT sector by intensifying its collective effort to narrow the digital divide, develop digital skills, address logistical bottlenecks and payment systems, and manage the potential risks of the digital revolution, as it moves forward to embrace the fourth industrial revolution (4IR). Dato Lim Jock Hoi Secretary-General of ASEAN Dato Lim Jock Hoi Secretary-General of ASEAN AIR2018_FRONT MATTER_(Oct.21).indd 5 21/10/2018 17:35:39 AIR2018_FRONT MATTER_(Oct.21).indd 6 21/10/2018 17:35:39 vii ACKNOWLEDGEMENTS The ASEAN Investment Report 2018 was prepared under a technical cooperation agreement between the ASEAN Secretariat and the UNCTAD Division on Investment and Enterprise (DIAE). The report was prepared and written by Wee Kee Hwee with contributions from Karim Kirollos and Maria Cecilia Salta. It was overseen by Aladdin Rillo, Deputy Secretary-General of ASEAN for ASEAN Economic Community, ASEAN Secretariat, and James Zhan, Director, DIAE, UNCTAD, with technical supervision from Richard Bolwijn, Head, Investment Trends and Issues Branch, DIAE, UNCTAD. The Report benefited from support and contributions provided by the teams at the Services and Investment Division, ASEAN Secretariat, led by Tan Tai Hiong and supported by Madelyn Joy Almazora. At various stages of preparation, specific inputs were received from Cecile Barayre-El Shami, Torbjorn Fredriksson, Thomas van Giffen, John Goyer, Tracy Jin, Michael Kende, Eitora Kojima, Michael Minges, Hwy-Chang Moon, Kazumi Nishikawa, Kaori Osada, William Speller, Ruchipha Thakral, Jin Chiang Toh, Kyaw Win Tun and Wenyan Yin. The report benefited from the discussion and papers presented by experts at the UNCTAD–ASEAN Consultative Forum on Investment in the Digital Economy in ASEAN, held on 12–13 July 2018 in Kuala Lumpur. These experts were Nur Sulyna Abdullah, Mitch Bittermann, Phetdouangchai Choummaly, Kee Lock Chua, Kok Hoe Chua, Soon Ghee Chua, Karaniya Dharmasaputra, Nguyen Nguyen Dzung, Deborah Kay Elms, Chee Kheong Foong, Andrew Harris, Setyo Harsoyo, Wee Choong Hew, Jukhee Hong, Nguyen Thi Minh Huyen, Jet Jessada, Sufian Jusoh, Ee Fai Kam, Long Kemvichet, Kay Mok Ku, Than Aung Kyaw, Lengsavad Phanchinda, Wisit Phetchuphong,Phetchuphong, LuxLux Rachana,Rachana, SteveSteve Recto,Recto, PaulFaridah Edward bte Mohd.Tajon, FaridahSaad, Phonethavong bte Mohd. Saad, Singhalath, Phonethavong Sajith Sivanandan, Singhalath, Hock Sajith Koon Sivanandan, Song, Bussarakum Hock Koon Sriratana, Song, BussarakumLide Tay, Tun Sriratana,Thura Thet Lide and Tay, Brian Tun A. Thura Wong. Thet and Brian A. Wong. The report also benefited from support from and interviews with the following officials and corporate executives: Allan Capulong, Pinta S. Chandra, Rafael Concepcion, Rafael D. Consing, Ferdinand K. Constantino, Jr., Maria Yolanda C. Crisanto, Jose Mari S. Fajardo, Mario Jordan F. Fetalino III, Reyna-Beth D. De Guzman, Harry Hanawi, Kiam Kong Ho, John Paolo B. Jose, Kin G. Lichauco, Li Chuen Lim, Michael P. Liwanag, Manual R. Lozano, Anna Rose R. Malapad, Michael C. Montelibano, Elmer San Pascual, Mark Perez, Mary Grace C. Perez, Arif Patrick Rachmat, Theodore Permadi Rachmat, Mario Salazar, Jek Lim Seah, Jerome S. Tan, La-Mei Teo and Thi Hai Trinh. Comments at different stages in the preparation of the report were provided by members of the ASEAN CoordinatingCoordinating CommitteeCommittee onon Investment,Investment. DepartmentThe report hasof Foreign also benefited Affairs and from Trade the ofwork Australia of the ASEANand Australian Working Trade Group and on Investment International Commission. Investment TheStatistics. report has also benefited from the work of the ASEAN Working Group on International Investment Statistics. AIR2018_FRONT MATTER_(Oct.21).indd 7 21/10/2018 17:35:39 Statistical assistanceassistance waswas provided provided by by Sri Sri Wardhani Wardhani Bakri, Bakri, Brad Brad Boicourt, Boicourt, Michael Michael Hanni Hanni and Anangand Anang Laksono. Laksono. Project Catherine management Corpuz, support Hilvy was Hanriany, provided Ratih by CatherineRamelan Francesand Katia Corpuz Vieu andprovided Hilvy administrativeHanriany. Ratih and Ramelan other support.and Katia Vieu provided administrative and other support. The manuscript was edited with the assistance of Caroline Lambert, copy-edited with the assistance of Lise Lingo and typeset by Laurence Duchemin. Research assistance was provided by Isya Kresnadi and TTanawananawan Pang Yew Wee. The financial support of the Government of Australia through
Load more

Recommended publications
  • The Voice of Online Sellers — Singapore Introduction
    The Voice of Online Sellers — Singapore Introduction Here at WorldFirst, we take great pleasure in helping online sellers grow their business. We like to think we do more than simply lower their currency exchange costs - we enable sellers to go global and we always feel part of their journey. In Q4 2017, we conducted the ‘Voice of Online Sellers’ survey, which was completed by people based in Singapore who are selling internationally through marketplaces like Amazon and eBay and platforms like Shopify. We had a great response to this campaign, where one lucky participant was drawn at random and won $5,000 to help grow their eCommerce business. We had three key objectives for this project: 1. Collect insights to share with other online sellers who are just starting out, or who are looking to grow their existing business 2. Better understand the challenges, motivations and successes of our clients 3. Help one participant grow their business A big thank you to all those who participated in the survey and congratulations to our lucky winner, Alvin, who sells on Amazon and through Shopify. We hope that you find this report useful in running and improving your eCommerce business. Peter Scully Country Manager WorldFirst Singapore Online Selling Trends Marketplaces & platforms Singapore-based sellers are using three household names to tap into the international eCommerce market. Amazon and eBay are the most popular choices for marketplace selling and Shopify was the clear leading platform for those building their own website to go global. Top primary platforms/marketplaces: Most popular secondary platforms/marketplaces: 1.
    [Show full text]
  • CCIA Comments in ITU CWG-Internet OTT Open Consultation.Pdf
    CCIA Response to the Open Consultation of the ITU Council Working Group on International Internet-related Public Policy Issues (CWG-Internet) on the “Public Policy considerations for OTTs” Summary. The Computer & Communications Industry Association welcomes this opportunity to present the views of the tech sector to the ITU’s Open Consultation of the CWG-Internet on the “Public Policy considerations for OTTs”.1 CCIA acknowledges the ITU’s expertise in the areas of international, technical standards development and spectrum coordination and its ambition to help improve access to ICTs to underserved communities worldwide. We remain supporters of the ITU’s important work within its current mandate and remit; however, we strongly oppose expanding the ITU’s work program to include Internet and content-related issues and Internet-enabled applications that are well beyond its mandate and core competencies. Furthermore, such an expansion would regrettably divert the ITU’s resources away from its globally-recognized core competencies. The Internet is an unparalleled engine of economic growth enabling commerce, social development and freedom of expression. Recent research notes the vast economic and societal benefits from Rich Interaction Applications (RIAs), a term that refers to applications that facilitate “rich interaction” such as photo/video sharing, money transferring, in-app gaming, location sharing, translation, and chat among individuals, groups and enterprises.2 Global GDP has increased US$5.6 trillion for every ten percent increase in the usage of RIAs across 164 countries over 16 years (2000 to 2015).3 However, these economic and societal benefits are at risk if RIAs are subjected to sweeping regulations.
    [Show full text]
  • Report of the Delegation of the Panel on Transport on Its Duty Visit To
    LC Paper No. CB(4)823/14-15 The Legislative Council of the Hong Kong Special Administrative Region ___________________________________________ Delegation of the Panel on Transport Report on the duty visit to Singapore to study its experience in development and provision of public transport facilities and traffic control measures 23 to 26 September 2014 ___________________________________________ TABLE OF CONTENTS Page Chapter 1 Introduction 1.1 Purpose of the report 1 1.2 Background of the visit 1 1.3 Objectives of the visit 2 1.4 Membership of the delegation 3 1.5 Visit programme 3 2 Overview of the transport strategy in Singapore 2.1 Overview 4 2.2 Building up a quality public transport system 5 2.3 Maximizing road network efficiency capacity 6 2.4 Establishing a bike-friendly city 7 2.5 Enhancing accessibility to public transport 7 3 Visits and exchanges 3.1 Meeting with the Minister for Transport 8 3.2 Meeting with the representatives of the Land Transport 14 Authority 3.3 Meeting with the Chairman and Deputy Chairman of 23 the Government Parliamentary Committee for Transport 3.4 Meeting with the representatives of the SBS Transit and 29 visit to the North East Line's Operations Control Centre and the Sengkang Integrated Transport Hub 3.5 Meeting with the Director of the Hong Kong Economic 39 and Trade Office in Singapore 3.6 Visit to the Marina Bay Cruise Centre Singapore and its 43 connecting transport facilities 3.7 Visit to cycling facilities near Pasir Ris Town 47 4 Observations and conclusions 4.1 Observations 51 4.2 Conclusions 55 TABLE OF CONTENTS Acknowledgements 56 Acronyms and Abbreviations 57 Appendices I Visit programme 58 II List of the organizations and persons met by the delegation 59 References 61 CHAPTER 1 — INTRODUCTION 1.1 Purpose of the report 1.1.1 A delegation of the Panel on Transport ("the Panel") of the Legislative Council visited Singapore from 23 to 26 September 2014 to study the country's experience in development and provision of public transport facilities and traffic control measures.
    [Show full text]
  • The Future of Tourism and Hospitality in the Artificial Intelligence (AI) Era
    August 7th, 2018 Pretoria, South Africa The Future of Tourism and Hospitality in the Artificial Intelligence (AI) Era Leapfrogging into cashless tourism Wolfgang Georg Arlt What can OTAs learn from online consumer comments about weekend getaway packages? Yan MAO Perception of risk & trust and tourists’ acceptance of eTourism technologies: A synthesis of academic literature Shahab Pourfakhimi, Willem Coetzee, New Zealand, Tara Duncan Kitchen staffs’ perceptions and attitudes towards Artificial Intelligence: The case of a Gauteng Hotel Group DS Hewson, CH Mabaso, G Vingerling CHAIR: PROF. DR. WOLFGANG GEORG ARLT FRGS FRAS COTRI CHINA OUTBOUND TOURISM RESEARCH INSTITUTE Multilingual but cashless – How technological development is changing the Chinese outbound tourism PROF. DR. WOLFGANG GEORG ARLT FRGS FRAS COTRI CHINA OUTBOUND TOURISM RESEARCH INSTITUTE Introduction COTRI COTRI is the world’s leading institute for research and consulting services related to the Chinese outbound tourism market, and cooperates with all leading international and Chinese tourism organisations. COTRI offers services around to customers around the world since 2004 as an independent institute research and consulting, led by Prof. Dr. Wolfgang Georg Arlt FRGS FRAS. Offices are located in Hamburg/Germany and Beijing/China, with a global network of regional partners on all continents. COTRI IN GERMANY COTRI IN CHINA COTRI China Outbound COTRI China Office Tourism Research Institute 21th Fl, Wangjing West India House Greenland Eiffestraße 68 Center B Hongtai East D-20537 Hamburg Street, Chaoyang District Beijing 100102 COTRI’s founder and director 中 First visit to People’s Republic of China in 1978 中 1991-1999 owner of Inbound Tour Operator China -> Europe with offices in Beijing and Berlin 中 Since 2004 COTRI founder and director 中 Professor for International Tourism Management at West Coast University of Applied Sciences Germany (Heide) 中 Visiting professor at universities in China, UK and New Zealand 中 Fellow Royal Geographical Society (London) 中 Fellow Royal Asiatic Society (London) Prof.
    [Show full text]
  • Investor Presentation 23 February 2016 – Migme Limited (ASX: MIG, WKN: A117AB)
    ASX Release 23 February 2016 Update: Investor Presentation 23 February 2016 – migme Limited (ASX: MIG, WKN: A117AB) Global digital media company, migme Limited (ASX: MIG | WKN: A117AB) has made available an updated presentation, as attached. The company’s Chief Executive Officer Steven Goh will present this presentation to a range of institutional investors this week in New York. Key highlights include: • Global digital media group focused on the fastest growing markets for Internet usage, with a focus on India, Indonesia and the Philippines • Large user base which has tripled to over 32m MAU in the last 12 months • Freemium business model through the provision of valuable activities (virtual gifts, games, ecommerce and other premium activities) • Supported by an experienced management team, board and shareholders, with FIH Mobile Ltd (subsidiary of Foxconn) as 19.9% shareholder • Clear track record of relevant strategic corporate growth in priority markets • Building to a business with critical mass and value creation, targeting a valuable NASDAQ listing in late 2016 / early 2017 subject to market conditions and compliance Media Luke Forrestal Cannings Purple Mobile: (+61) 411 479 144 [email protected] Investor Relations Kyahn Williamson Buchan Consulting Phone: (+61) 3 9866 4722 or (+61) 401018828 [email protected] About migme Limited migme Limited(ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. Social entertainment services are delivered through mobile apps migme and LoveByte, artist management website alivenotdead and ecommerce services through Sold. The Company is listed and registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong.
    [Show full text]
  • March 21, 2021 I Vol - 162
    NEWS March 21, 2021 I Vol - 162 CMA CGM Air Cargo flies first A330-200F commercial flight Adani Ports partners John Keells to develop West Container Terminal of Colombo Port The new air freight division of the CMA CGM Group, a Adani Ports and Special Economic Zones Ltd (APSEZ), a key subsidiary of the diversified Adani Group, has received a Letter of French container transportation and shipping company, Intent (LOI) from Sri Lankan authorities for development and operations of (WCT) in Colombo. APSEZ will partner with John has just completed its first cargo flight between Europe Keells Holdings PLC, Sri Lanka’s largest diversified conglomerate, and with the Sri Lanka Ports Authority (SLPA) as a part of the and the United States. Based at Liege Airport (LGG), the consortium awarded this mandate. The WCT will be developed on a Build, Operate and Transfer basis for a period of 35 years global shipping giant flew its recently acquired Airbus as a public-private partnership. WCT will have a quay length of 1400 meters and alongside depth of 20 meters, thereby A330-200F from LGG to Chicago O’Hare International making it a prime transhipment cargo destination to handle Ultra Large Container Carriers. The project is expected to boost Airport (ORD) on March 13. The aircraft, registration WCT’s container handling capacity and further consolidate Sri Lanka’s locational advantage as one of the world’s top strategic number OO-CMA, is the first of four second-hand nodes along the busiest global transhipment route. The Colombo Port is already the most preferred regional hub for freighters that CMA CGM is buying for its new air cargo transhipment of Indian containers and mainline ship operators with 45% of Colombo’s transhipment volumes either division, aptly named CMA CGM AIR CARGO.
    [Show full text]
  • OECD Economic Surveys Indonesia
    OECD Economic Surveys Indonesia October 2018 OVERVIEW www.oecd.org/eco/surveys/economic-survey-indonesia.htm This Overview is extracted from the Economic Survey of Indonesia. The Survey is published on the responsibility of the Economic and Development Review Committee (EDRC) of the OECD, which is charged with the examination of the economic situation of member countries. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. OECD Economic Surveys: Indonesia© OECD 2018 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to [email protected]. Requests for permission to photocopy portions of this material for public or commercial use shall be addressed directly to the Copyright Clearance Center (CCC) at [email protected] or the Centre français d’exploitation du droit de copie (CFC) at [email protected]. EXECUTIVE SUMMARY │ 3 Executive summary OECD ECONOMIC SURVEYS: INDONESIA 2018 © OECD 2018 4│ EXECUTIVE SUMMARY Living standards are rising steadily Table A. Growth is projected to remain healthy Percentage change unless indicated Thanks to a steady economic expansion and helpful government policies, poverty rates 2017 2018 2019 and inequality are falling, and access to public Gross domestic product 5.1 5.2 5.3 services is broadening.
    [Show full text]
  • August 28, 2017
    August 28, 2017 KBank enters Indonesian market to reinforce its role as “AEC+3 Bank” with 9.99% share investment in Bank Maspion Indonesia. Prepare to facilitate the positive economic connectivity between the two countries. KBank invests a 9.99-percent stake in Bank Maspion to further enhance its service potential in the AEC+3 region and Indonesia. The investment will help KBank with 51 office networks located in major cities of Indonesia where Thai investors have placed their investment. This synergy is expected to upgrade the services of investment & trade finance, SME banking and digital banking for both banks, paving the way for KBank to serve Thai-Indonesian bilateral trade and investments which are targeted to reach USD20 billion in value within three years. According to Mr. Predee Daochai, KBank President, KBank has committed to strengthen its presence as an “AEC+3 Bank” to serve businesses connectivity in ASEAN, China, Japan and South Korea via expansion of its service network. Our new partnership with Bank Maspion via this 9.99% stake is the proof that we will deliver on such commitment and further elevate our services to empower businesses in both countries. Bank Maspion has just achieved BUKU2 status with key services focus on SME business and digital banking which align with KBank’s objective. The bank also provide an attractive attribute via its sound risk management which see its NPL ratio stands at 0.91 percent, versus the market ratio of 2.93 percent. Moreover, the bank’s extensive footprints of 51 office networks are strategically located in all major cities where KBank’s customer based their operations upon.
    [Show full text]
  • Infrastructure Sector-Focussed PE Firm Capasia Exits Philippines' Wind
    https://www.dealstreetasia.com/stories/thailand-bcpg-expands-wind-power-biz-philippines- acquisition-68586/ Infrastructure sector-focussed PE firm CapAsia exits Philippines’ wind power project Singapore-based private equity firm CapAsia has signed a sale and purchase agreement to sell its entire interest in CapAsia ASEAN Wind Holdings Cooperatief UA, owning the majority stake in wind power projects in the Philippines, to Thailand’s listed renewable energy firm BCPG Pcl. The deal’s value will not be exceeding $28.5 million, according to BCPG’s filing to the Stock Exchange of Thailand. BCPG’s president Bundit Sapianchai said that this investment is in line with its strategy to expand its renewable energy business in terms of technology and geography in order to increase corporate value and diversify risk. The filing cited the holding company holds a 40-per-cent equity in PetroWind Energy Inc, one of the major players in wind power business there. “CapAsia is very pleased with our successful partnership with Petrogreen Energy and confirms the sale and purchase terms and conditions of its 40% equity interest in Petrowind with BCPG,” Devarshi Das, Co-CEO of CapAsia, told DEALSTREETASIA via email. “We were able to work closely with our partner to drive improvements in operations, given our prior wind power investment experience as well as relationships with best-in-class technical and operations experts. Petrowind is now delivering strong and consistent operating performance and we believe it is positioned for continued success in the future.” PetroWind Energy currently owns an operating 36-MW wind power project and another development project of 14-MW wind power plant, located in Nabas, the Philippines.
    [Show full text]
  • E-Commerce and Its Impact on Competition Policy and Law in Singapore
    E-commerce and its impact on competition policy and law in Singapore A DotEcon study for the Competition Commission of Singapore Final Report – October 2015 DotEcon Ltd 17 Welbeck Street London W1G 9XJ www.dotecon.com Content Content 1 Introduction ................................................................................................................. 1 2 E-commerce activity in Singapore ............................................................................... 4 2.1 An introduction to e-commerce ........................................................................... 4 2.2 E-commerce adoption in Singapore ................................................................... 17 3 E-commerce and competition .................................................................................... 38 3.1 What changes with e-commerce? ...................................................................... 38 3.2 The impact of e-commerce on market boundaries ............................................. 59 3.3 The impact of e-commerce on market structure and competition ...................... 65 3.4 Vertical restraints ............................................................................................... 77 4 Implications of e-commerce for competition policy in Singapore .............................. 83 4.1 Defining a relevant market ................................................................................. 84 4.2 Assessing market power ...................................................................................
    [Show full text]
  • Accelerating Geothermal Development in Indonesia: a Case Study in the Underutilization of Geothermal Energy
    Consilience: The Journal of Sustainable Development Vol. 19, Iss. 1 (2018), Pp. 103–129 Accelerating Geothermal Development in Indonesia: A Case Study in the Underutilization of Geothermal Energy Kevin Fan University of British Columbia [email protected] Sang Nam McGill University [email protected] Abstract Geothermal energy is a clean, reliable, and domestic source of energy that offers constant electricity while emitting relatively few emissions of carbon dioxide and other pollutants. Despite these benefits, its development globally has not been as rapid in recent years as that of other renewable energy sources. We examine Indonesia as a case study— while home to over a third of the world’s geothermal resources, the country exploits only 5.8% of it. Moreover, as a rapidly developing economy with projected electricity growth of 8.5% per year until 2025, Indonesia must harness its geothermal potential if it is to meet electricity needs without requiring the fossil fuels upon which it has historically been reliant. However, significant roadblocks impede geothermal development in Indonesia, primarily in the geoscientific, financial, and political spheres. Firstly, there is a lack of geologic data crucial to preliminary geothermal potential assessment, rendering it difficult to locate available resources. Financial issues also deter investment in geothermal development by private companies due to the high up-front cost of preliminary resource exploration. Lastly, an uncertain political and regulatory environment create uncertainty for geothermal investors. Cognizant of these problems, we examine solutions and policies effectively implemented by other countries and industries that can be applied to Indonesian geothermal energy development.
    [Show full text]
  • 18Th Asian Games Success Story
    18th Asian Games Runs Faultless Secure Network The 2018 Asian Games, held in Jakarta and Palembang, enjoy secure and faultless network performance. Customer: The 18th Asian Games Industry: Sports/Entertainment Location: Jakarta, Indonesia and Palembang, South Sumatera The Challenge – Security On A Large Scale The 18th Asian Games, also known as Jakarta–Palembang 2018, was a multi-sport event held from 18 August to 2 September 2018 in Indonesia. The Asian Games are one of the world’s largest sporting events, held every four years since 1954. More than 16,000 athletes from 45 Asian countries participated in the 2018 Games. For the first time, the Asian Games were co-hosted in two cities; the Indonesian capital of Jakarta, and Palembang, the capital of the South Sumatera province. Preparation for the Games involved building new venues and renovating existing venues across four provinces in Indonesia: Jakarta, South Sumatra, Banten, and West Java. A total of 80 venues were involved, with the main stadium, Gelora Bung Karno, located in Jakarta. The Asian Games are a large-scale international event. The 2018 Games had to cater to many thousands of people—including athletes, spectators, organizers and supporters, from 45 different countries. An incredibly robust video surveillance system, along with many other security measures, was essential for both smooth operation and for the safety and security of everyone present at the Games. The Asia Olympic Committee worked with PT. NEC Indonesia (NEC Indonesia), the ICT security system partner for the 2018 Games. Their goal: to create a smart, safe and highly-efficient environment, by deploying an innovative network infrastructure alongside advanced video surveillance systems.
    [Show full text]