Energy Outlook for Asia and the Pacific
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RESTRICTED WT/TPR/S/309 19 December 2014 (14-7336) Page
RESTRICTED WT/TPR/S/309 19 December 2014 (14-7336) Page: 1/88 Trade Policy Review Body TRADE POLICY REVIEW REPORT BY THE SECRETARIAT BRUNEI DARUSSALAM This report, prepared for the third Trade Policy Review of Brunei Darussalam, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Brunei Darussalam on its trade policies and practices. Any technical questions arising from this report may be addressed to Mr Ricardo Barba-Viniegra (tel: 022/ 739 5088) and Ms Stéphanie Dorange (tel: 022/739 5497). Document WT/TPR/G/309 contains the policy statement submitted by Brunei Darussalam. Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Brunei Darussalam. This report was drafted in English. WT/TPR/S/309 • Brunei Darussalam - 2 - CONTENTS SUMMARY ........................................................................................................................ 6 1 ECONOMIC ENVIRONMENT ........................................................................................ 10 1.1 Recent Economic Developments ...................................................................................10 1.2 Trade Performance and Investment ..............................................................................11 1.2.1 Trade in -
Organizing Around Abundance: Making America an Energy Superpower
Organizing Around Abundance: Making America an Energy Superpower DRAFT 1 Table of Contents Executive Summary ............................................................................................ 3 The Problem with America’s Energy Policy: We Don’t Have One ...................... 7 Principle #1: Promote Responsible Development of Domestic Energy Resources and Construction of Infrastructure to Transport It ...................... 14 Oil and Natural Gas ..........................................................................................14 Keystone XL Pipeline—Build It Now ............................................................14 Property Rights, Federal Lands, and Resource Development ....................15 The Benefits of Increased Natural Gas Production .....................................17 Home Heating Oil ...........................................................................................18 Coal .....................................................................................................................20 Nuclear ...............................................................................................................22 Principle #2: Encourage Technological Innovation of Renewables and Emerging Energy Resources ...................................................................... 25 Principle #3: Unlock the Economic Potential of the Manufacturing Renaissance by Putting America’s Energy Resources to Work ....................... 30 Principle #4: Eliminate Burdensome Regulations .......................................... -
Indonesia National Sustainable Energy Strategy Report on Enabling Environment and Technology Innovation Ecosystem for Affordable Sustainable Energy Options
‘Small Wind and Hybrid Systems: Opportunities and Challenges’ 11–12 October 2011 Indonesia National Sustainable Energy Strategy Report on Enabling Environment and Technology Innovation Ecosystem for Affordable Sustainable Energy Options Prepared for Asian and Pacific Centre for Transfer of Technology (APCTT) of the Economic and Social Commission for Asia and the Pacific (UNESCAP) Prepared by Mr. G.M. Pillai, Project International Consultant June 2014 1 | WISE 11–12 October 2011 <Copyright page> i 11–12 October 2011 Table of Contents List of Figures iii List of Tables iii Case Studies iii Abbreviations iv Acknowledgement vi Executive Summary vii Chapter 1 Background and Methodology 1 1.1 Background of the Study 1 1.2 Scope of Work for Designing the National Strategy Report 1 1.3 Methodology 2 Chapter 2 Introduction 5 Chapter 3 National Enabling Environment for Sustainable Energy 10 3.1 Institutional Framework for Sustainable Energy 10 3.2 Power Industry and Market Structure 11 3.3 Policies/Laws/Regulations for Sustainable Energy 12 3.4 Programme on Sustainable Energy 16 3.5 Incentives for Renewable Energy 17 3.6 Provision of Finance 20 3.7 Permits and Clearances 22 3.8 Negative Investment List 23 3.9 Opportunities and Challenges in Enabling Environment 23 Chapter 4 Analysis of Existing Sustainable Energy Business Mechanisms 26 4.1 Cinta Mekar Micro Hydro Project 26 4.2 Indonesia Domestic Biogas Programme 27 Chapter 5 Technology Innovation Ecosystem for Sustainable Energy Options 30 5.1 Research and Development 31 5.2 Academia 32 5.3 Manufacturing -
Large‐Scale Renovations of All CROSS HOTEL SAPPORO Guest Rooms Sixty‐Six “Art Rooms” Decorated with Modern Art Now Available for Reservation
Large‐scale Renovations of All CROSS HOTEL SAPPORO Guest Rooms Sixty‐six “Art Rooms” Decorated with Modern Art Now Available for Reservation TOKYO, Japan ‐ June 25, 2020 ‐ ORIX Real Estate Corporation (“ORIX Real Estate”) announced that large‐scale renovations, which commenced in February 2019, have now been completed on a total of 66 guest rooms from 9 to 13 floors at its CROSS HOTEL SAPPORO. Reservations will be accepted starting today*. Deluxe Twin NATURAL (Art Room) Twin URBAN (Art Room) All 66 guest rooms that were refurbished as part of the second stage of these renovations have been refashioned as “Art Rooms,” and will be furnished with artworks that embody the charms of Hokkaido. Works created by eight artists based in Hokkaido will be displayed on the walls of these Art Rooms, providing guests with spaces in which they can both relax and experience art and culture first‐hand. The artworks have been inspired by Hokkaido, and incorporate themes such as the prefecture’s brown bears and Ezo red foxes, and Ainu patterns carved in relief onto Hokkaido‐sourced oak boards. Each previously unseen artwork has been specially designed for CROSS HOTEL SAPPORO. CROSS HOTEL SAPPORO is actively engaged in the promotion of the region’s culture. Since 2013, it has hosted limited‐time events during which artworks by artists resident in Hokkaido are displayed in guestrooms, with the goal of stimulating Sapporo’s modern art market. Via art and culture, the hotel seeks to stimulate interactions between the local community and tourists from Japan and overseas, and thereby reinvigorate the region. -
Brunei's Quest for Sustainable Development
Brunei’s Quest for Sustainable Development: Diversification and Other Strategies* Clem Tisdell Department of Economics The University of Queensland Brisbane Queensland Australia 4072 * A revised version of a paper presented in a seminar at the University of Brunei Darussalam, 28 May, 1997. I wish to thank Dr John Asafu-Adjaye, Dr Hans Blomqvist, Haji Ismael Duraman, Dr Shabbir Hussein and Dr James Obben for some background materials or suggestions. Also I am very grateful to an anonymous referee for valuable comments. The usual caveat applies. BRUNEI’S QUEST FOR SUSTAINABLE DEVELOPMENT: DIVERSIFICATION AND OTHER STRATEGIES Abstract Like many Middle East economies, Brunei is an oil-rich rentier economy with a high degree of dependence on guest workers, concentration of employment of Bruneians in the public sector and with a high degree of specialisation in extractive production. Because its hydrocarbon reserves are diminishing, it faces the problem of how to sustain its income. The potential for it to do this by investing its rental income abroad and by diversifying its economy are discussed, and comparisons are made with oil-rich Middle East countries and MIRAB economies. Doubts are raised about industrial diversification as a suitable sustainable development strategy for Brunei. Expansion of service industries may offer better prospects. Brunei’s entry into APEC could limit its scope for adopting strategic policies to restructure its economy. Keywords: Brunei, development strategies, economic diversification, Malay Muslim Monarchy, oil-rich economies, rentier economies. 1. INTRODUCTION Brunei is fortunate in having large oil and natural gas deposits relative to its population, and yet this is also to some extent a misfortune. -
English Translation Notice Concerning Acquisition of Assets
English Translation The following is an English translation of the original Japanese press release and is being provided for informational purposes only. November 8, 2013 To All Concerned Parties REIT Issuer: Japan Rental Housing Investments Inc. 6-16-12 Shinbashi, Minato-ku, Tokyo 105-0004 Toshiya Kuroda, Executive Director (Securities Code: 8986) Asset Manager: Mi-Casa Asset Management Inc. Yutaka Higashino, President and Chief Executive Officer Inquiries: Atsushi Chikamochi, Chief Financial Officer Tel: +81-3-5425-5600 Notice Concerning Acquisition of Assets Japan Rental Housing Investments Inc. (the “Investment Corporation”) hereby announces that it has decided at a meeting of its Board of Directors held earlier today to acquire the following assets (the “Acquisition”). Details are provided below. I. Basic Policy In order to distribute stable profits to investors over the long term, the Investment Corporation will aim for continued growth of the asset size and increase of the portfolio’s quality by (1) acquiring new properties in the Tokyo metropolitan area centering on the 23 wards of Tokyo (over JPY1bn per property as general) as well as new regional top-class properties outside the Tokyo metropolitan area (over JPY1bn per property as general), and (2) selling primarily small (especially properties below JPY500mn) and relatively older properties outside the Tokyo metropolitan area as well as former premium type properties (a former rental housing category of the Investment Corporation whose main users are households with relatively -
Cross Border Electricity Trade in Bangladesh–Bhutan–India–Nepal (BBIN) Region: a Cost-Based Market Perspective
Cross Border Electricity Trade in Bangladesh–Bhutan–India–Nepal (BBIN) Region: A Cost-Based Market Perspective Jagruti Thakur1, Mohammad Reza Hesamzadeh1, Frank Wolak2 1KTH Royal Institute of Technology, 2Stanford University Current Draft: April 14, 2021 Abstract The rapid growth of electricity demand in developing nations, the availability of complementary generation resources and the emergence of digital technologies have created increased opportunities for international electricity trade. This paper proposes a framework for cross-border electricity trade in the Bangladesh-Bhutan-India-Nepal (BBIN) region that recognizes the governance challenges associated with establishing an international electricity market. We explore the lessons for BBIN region from different types of Cross Border Electricity Trade (CBET) models. Specifically, existing markets in North-West Europe (NWE), Latin America, and the United States (US) provide insights into the development of our proposed cost-based CBET framework. We provide recommendations based on our proposed CBET framework to improve efficiency and increase the extent of electricity trade in the BBIN region. Keywords: Cross Border Electricity Trade, BBIN, Cost-based market, Developing countries 1. Introduction In this paper, we propose a market-based framework for increasing the volume and efficiency of international electricity trade in the Bangladesh-Bhutan-India-Nepal (BBIN) region. A number of factors support this goal. In south Asia, 100 million people do not have access to electricity [1]. In addition, electricity demand in the region is expected to grow at an average rate of 6% per year [2]. Finally, the hydropower potential of Nepal, Bhutan, and India is 150 gigawatts (GW), out of which only 17% is currently utilized [3]. -
Energy Outlook for Asia and the Pacific 2013
Energy Outlook for Asia and the Pacific October 2013 Energy Outlook for Asia and the Pacific October 2013 © 2013 Asian Development Bank All rights reserved. Published in 2013. Printed in the Philippines. ISBN 978-92-9254-272-6 (Print), 978-92-9254-273-3 (PDF) Publication Stock No. BKK135488-3 Cataloging-In-Publication Data Asian Development Bank. Energy Outlook for Asia and the Pacific. Mandaluyong City, Philippines: Asian Development Bank, 2013. 1. Energy. 2. Asia and the Pacific. I. Asian Development Bank. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ADB. Note: In this publication, “$” refers to US dollars. In this report, the term “Taipei City” refers to the urban area centered on the City of Taipei or Taipei,China. Unless otherwise stated, boxes, figures and tables without explicit sources were prepared by the Asia Pacific Energy Research Centre. -
FINANCIAL REPORT for the SECOND FISCAL PERIOD (September 1, 2005 – February 28, 2006)
April 25, 2006 FINANCIAL REPORT FOR THE SECOND FISCAL PERIOD (September 1, 2005 – February 28, 2006) New City Residence Investment Corporation is listed on the Tokyo Stock Exchange with the securities code number 8965. URL: http://www.ncrinv.co.jp/ Inquiries: CBRE Residential Management K.K. (Asset Management Company) Kazuyuki Iwasaki, Director and Chief Financial Officer Tel: +81-3-6229-3860 Board of Directors meeting for approval of financial results: April 25, 2006 Planned start of dividend payments: May 19, 2006 This financial report has been prepared in accordance with Japanese accounting standards and Japanese law. Figures have been rounded down to eliminate amounts of less than one million yen. PERFORMANCE FOR THE SECOND FISCAL PERIOD (1) Business Results (Millions of yen; %) Operating Percentag Operating Percentag Ordinary Percentag Net Percentag Revenues e Change Income e Change Income e Change Income e Change Second ¥3,346 3.8% ¥1,739 0.0% ¥1,435 24.7% ¥1,433 25.0% Fiscal Period First ¥3,224 –% ¥1,738 –% ¥1,151 –% ¥1,146 –% Fiscal Period (Yen; %) Return on Ordinary Net Income (Reference) (Reference) Ordinary Income to Unitholders’ Income to per Unit Annualized Annualized Operating Revenues Equity (ROE) Total Assets Second ¥12,027 2.7% 5.4% 1.2% 2.4% 42.9% Fiscal Period First ¥19,997 2.9% 4.1% 1.6% 2.2% 35.7% Fiscal Period (¥15,413) Notes: 1. First Fiscal Period: September 27, 2004 – August 31, 2005 Second Fiscal Period: September 1, 2005 – February 28, 2006 2. Net income per unit was calculated using the following average number of investment units outstanding (weighted average). -
Economic Problems of Low-Income Immigrant Workers in Brunei Darussalam
i.yySwiJjiii/jj APPLIED ECONOMIC ANALYSIS IN BRUNEI DARUSSALAM EVALUATION OF ECONOMIC GROWTH AND TRADE, MICROECONOMIC EFFICIENCY AND ANALYSIS OF SOCIO - ECONOMIC PROBLEMS Kwabena A. Anaman and Ismail Duraman Universiti Brunei Darussalam APPLIED ECONOMIC ANALYSIS IN BRUNEI DARUSSALAM: EVALUATION OF ECONOMIC GROWTH AND TRADE, MICROECONOMIC EFFICIENCY AND ANALYSIS OF SOCIO-ECONOMIC PROBLEMS EDITED BY KWABENA A. ANAMAN AND ISMAIL DURAMAN DEPARTMENT OF ECONOMICS FACULTY OF BUSINESS, ECONOMICS AND POLICY STUDIES UNIVERSITI BRUNEI DARUSSALAM BANDAR SERI BEGAWAN BRUNEI DARUSSALAM First Published 2003 by Universiti Brunei Darussalam Jalan Tungku Link Bandar Seri Begawan BE1410 Brunei Darussalam Copyright © 2003 authors All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission, in writing, from the publisher. Cataloguing in Publication Data Applied economic analysis in Brunei Darussalam : evaluation of economic growth and trade, microeconomic efficiency and analysis of socio-economic problems / edited by Kwabena A. Anaman and Ismail Duraman. ix, 204 p. ; 25 cm. ISBN: 99917-1-126-0 1. Brunei Darussalam - Economic conditions. 2. Brunei Darussalam - Social conditions. I. Anaman, Kwabena A. II. Ismail bin Haji Duraman, Haji. HC445.85 A66 2003 III NAMES OF CONTRIBUTORS 1. Dr. Awang Haji Ismail bin Awang Haji Duraman, Vice-Chancellor, Universiti Brunei Darussalam (UBD). Professional Literary Name: Ismail Duraman 2. Dr. Kwabena Asomanin Anaman, Senior Lecturer, Department of Economics, UBD. Professional Literary Name: Kwabena A. Anaman 3. Dr. John Onu Odihi, Senior Lecturer and Head, Department of Geography, UBD. Professional Literary Name: John O. -
Middle Power Theory, Change and Continuity in the Asia-Pacific
MIDDLE POWER THEORY, CHANGE AND CONTINUITY IN THE ASIA-PACIFIC by ANTON BEZGLASNYY B.A. Simon Fraser University, 2010 A THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS in THE FACULTY OF GRADUATE STUDIES (Political Science) THE UNIVERSITY OF BRITISH COLUMBIA (Vancouver) April 2013 ©Anton Bezglasnyy, 2013 Abstract This paper recalibrates the definition of ‘middle power’ and applies it to a comparative case study of Canadian and Australian foreign policies in the most dynamic region in the world, the Asia-Pacific. It is argued that the middle power concept remains a useful analytical tool in understanding the foreign policy behavior of states with a particular subset of material, institutional and identify characteristics. According to the refocused definition developed here, middle powers are states that possess all three of the following attributes: (i) medium sized material capabilities; (ii) perceive multilateralism and soft power as the optimal ways to maximize their foreign policy interests; and (iii) self identify as middle powers to domestic and international audiences. The particular value of the middle power concept advanced here, is the explanatory power it provides in the case of Canada and Australia in the contemporary Asia- Pacific: two states formerly classified as middle powers, possessing similar material capabilities, yet behaving in fundamentally different ways. This foreign policy divergence is accounted for by differences in ideational factors between the two states. Canada, it is argued, has socially deconstructed its own status as a middle power in the Asia-Pacific region, while Australia has bolstered its middle power identity. ii Table of Contents Table of Contents Abstract................................................................................................................................................... -
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Turkish Economic Review www.kspjournals.org Volume 3 September 2016 Issue 3 Zakah Management for Poverty Alleviation in Indonesia and Brunei Darussalam By Aan JAELANI †1 Abstract. Concern for poverty is not new and has been the focus for centuries by historians, sociologists and economists. The cause has been identified, ranging from shortcomings in the administration of income support, until the injustice of the social and economic system. Various attempts have been proposed, from the reform of social security system for changes in the form of the socio-economic system. Because poverty is a multidimensional problem, solutions to poverty require a set of coordinated action, particularly through charity. Indonesia, which has a population with a large population, of course, the problem of poverty continues to be a problem in economic development. Nevertheless, the potential zakat Indonesia larger community and cooperation among stakeholders and government regulation is a solution to reduce the level of poverty in Indonesia. It is certainly different from the Brunei Darussalam to the level of a small population and large government revenues, management of zakat by MUIB in the form of cash grants, the capital of commerce, and others are implementable can solve the problem of poverty in this country. Keywords. Management of zakat, Poverty alleviation, Zakat recipients. JEL. E60, F52, G28, H27, H71, I30, N30. 1. Introduction he rapid development of the system of taxation on income and welfare complex in the 20th century may presume that the system of progressive T redistribution of wealth that is unique and modern. In fact, the religious system has the same mechanism to cope with economic injustice and poverty for centuries.