The Anti Money Laundering Approach

Total Page:16

File Type:pdf, Size:1020Kb

The Anti Money Laundering Approach Center for International Forestry Research Center for International Forestry Research CIFOR Occasional Paper publishes the results of research that is particularly significant to tropical forestry. The content of each paper is peer reviewed internally and externally, and published simultaneously on the web in downloadable format (www.cifor.cgiar.org/publications/papers). Contact publications at [email protected] to request a copy. CIFOR Occasional Paper No. 44 Fighting forest crime and promoting prudent banking for sustainable forest management The Center for International Forestry Research (CIFOR) is a leading international forestry The anti money laundering approach research organization established in 1993 in response to global concerns about the social, environmental, and economic consequences of forest loss and degradation. CIFOR is dedicated to developing policies and technologies for sustainable use and management of forests, and for enhancing the well-being of people in developing countries who rely on tropical forests for their livelihoods. CIFOR is one of the 15 Future Harvest centres of the Consultative Group on International Agricultural Research (CGIAR). With headquarters in Bogor, Indonesia, CIFOR has regional offices in Brazil, Burkina Faso, Cameroon and Zimbabwe, and it works in over 30 other countries around the world. Bambang Setiono and Yunus Husein CIFOR is one of the 15 Future Harvest centres CIFOR of the Consultative Group on International Agricultural Research (CGIAR) Donors CIFOR Occasional Paper Series The Center for International Forestry Research (CIFOR) receives its major funding from governments, international development organizations, private 1. Forestry Research within the Consultative Group on International 23. Les Approches Participatives dans la Gestion des Ecosystemes Forestiers foundations and regional organizations. In 2004, CIFOR received fi nancial Agricultural Research d’Afrique Centrale: Revue des Initiatives Existantes Jeffrey A. Sayer Jean-Claude Nguinguiri support from Australia, African Wildlife Foundation (AWF), Asian Development 2. Social and Economical Aspects of Miombo Woodland Management in 24. Capacity for Forestry Research in Selected Countries of West and Central Bank (ADB), Belgium, Brazil, Canada, Carrefour, China, CIRAD, Conservation Southern Africa: Options and Opportunities for Research Africa Peter A. Dewees International Foundation (CIF), European Commission, Finland, Food and Michael J. Spilsbury, Godwin S. Kowero and F. Tchala-Abina 3. Environment, development and poverty: A Report of the International 25. L’Ímpact de la Crise Economique sur les Populations, les Migration et le Couvert Agriculture Organization of the United Nations (FAO), Ford Foundation, France, Workshop on India’s Forest Management and Ecological Revival Forestier du Sud-Cameroun German Agency for Technical Cooperation (GTZ), German Federal Ministry Uma Lele, Kinsuk Mitra and O.N. Kaul Jacques Pokam Wadja Kemajou and William D.Sunderlin for Economic Cooperation and Development (BMZ), Indonesia, International 4. Science and International Nature Conservation 26. • The Impact of Sectoral Development on Natural Forest Conservation and Jeffrey A.Sayer Degradation: The Case of Timber and Tree Crop Plantations in Indonesia Development Research Centre (IDRC), International Fund for Agricultural (Indonesian edition) Dampak Pembangunan Sektoral terhadap Konversi dan 5. Report on the Workshop on Barriers to the Application of Forestry • Degradasi Hutan Alam: Kasus Pembangunan HTI dan Perkebunan di Indonesia Development (IFAD), Innovative Resource Management (IRM), International Research Results Hariadi Kartodihardjo and Agus Supriono Tropical Timber Organization (ITTO), Italy, Japan, Korea, Netherlands, Norway, C.T.S. Nair, Thomas Enters and B. Payne 27. L’Impact de la Crise Économique sur les Systèmes Agricoles et le Changement 6. Production and Standards for Chemical Non-Wood Forest Products in Organisation Africaine du Bois (OAB), Overseas Development Institute (ODI), du Couvert Forestier dans la Zone Forestière Humide du Cameroun China Henriette Bikié, Ousseynou Ndoye and William D.Sunderlin Peruvian Institute for Natural Renewable Resources (INRENA), Philippines, Shen Zhaobang 28. • The Effect of Indonesia’s Economic Crisis on Small Farmers and Natural 7. • Cattle, Broadleaf Forests and the Agricultural Modernization Law of Sweden, Swedish University of Agricultural Sciences (SLU), Switzerland, Forest Coverin the Outer Islands Honduras: The Case of Olancho • (Indonesian Edition) Dampak Krisis Ekonomi Indonesia terhadap Petani Kecil The Overbrook Foundation, The Nature Conservancy (TNC), Tropical Forest • (Spanish edition) Ganadería, bosques latifoliaods y Ley de dan Tutupan Hutan Alam di Luar Jawa Modernizatción en Honduras: El caso de Olancho Foundation, United States, United Kingdom, United Nations Environment William D. Sunderlin, Ida Aju Pradnja Resosudarmo, Edy Rianto, William D.Sunderlin and Juan A.Rodriguez Programme (UNEP), Waseda University, World Bank, World Resources Institute Arild Angelsen 8. High quality printing stock - has research made a difference? (WRI) and World Wide Fund for Nature (WWF). Francis S.P. Ng 29. The Hesitant Boom: Indonesia’s Oil Palm Sub-Sector in an Era of Economic Crisis and Political Change 9. • Rates Causes of Deforestation in Indonesia: Towards a Resolution of Anne Casson the Ambiguities • (Indonesian edition) Laju dan Penyebab Deforestasi di Indonesia: 30. The Underlying Causes of Forest Decline Penelaahan Kerancuan dan Penyelesaiannya Arnoldo Contreras-Hermosilla William D. Sunderlin and Ida Aju Pradnja Resosudarmo 31. ‘Wild logging’: The rise and fall of logging networks and biodiversity 10. Report on Discussion Forum on Irformation Services in the Asia- conservation projects on Sumatra’s rainforest frontier Pacific and AGRIS/CARIS in the 21st Century and Asia-Pacific Regional John F. McCarthy Consultation 32. Situating Zimbabwe’s Natural Resource Governance Systems in History Michael O. Ibach and Yvonne Byron Alois Mandondo 11. Capacity for Forestry Research in the Southern African Development 33. Forestry, Poverty and Aid Community J.E. Michael Arnold Godwin S. Kowero and Michael J. Spilsbury 34. The Invisible Wand: Adaptive Co-management as an Emergent Strategy in 12. Technologies for sustainable forest management: Challenges for the 21st Complex Bio-economic systems. century Jack Ruitenbeek and Cynthia Cartier Jeffrey A. Sayer, Jerome K. Vanclay and R. Neil Byron 35. Modelling Methods for Policy Analysis in Miombo Woodlands 13. Bosques secundarios como recurso para el desarrollo rural y la A. A Goal Programming Model for Planning Management of Miombo Woodlands conservación ambiental en los trópicos de América Latina I. Nhantumbo and Godwin S. Kowero Joyotee Smith, César Sabogal, Wil de Jong and David Kaimowitz B. A System Dynamics Model for Management of Miombo Woodlands 14. Cameroon’s Logging Industry: Structure, Economic Importance and Ussif Rashid Sumaila, Arild Angelsen and Godwin S. Kowero Effects of Devaluation 36. How to Know More about Forests? Supply and Use of Information for Forest Richard Eba’a Atyi ISSN 0854-9818 Policy 15. • Reduced-Impact Logging Guidelines for Lowland and Hill Dipterocarp K. Janz and R. Persson Forests in Indonesia 37. Forest Carbon and Local Livelihoods: Assessment of Opportunities and Policy • (Indonesian edition) Pedoman Pembalakan Berdampak Rendah untuk Recommendations © 2005 by Center for International Forestry Research Hutan Dipterocarpa Lahan Rendah dan Bukit di Indonesia Joyotee Smith and Sara J. Scherr All rights reserved. Plinio Sist, Dennis P. Dykstra and Robert Fimbel 38. • Fires in Indonesia: Causes, Costs and Policy Implications 16. Site Management and Productivity in Tropical Forest Plantations • (Indonesian edition) Kebakaran Hutan di Indonesia: Penyebab, Biaya dan Cover photos by Carol Colfer, Romain Pirard, Petrus Gunarso, A. Tiarks, E.K.S. Nambiar and Christian Cossalter Implikasi Kebijakan Hari Priyadi, Carmen Garcia, Rona Dennis, Gideon Suharyanto, Catur Wahyu 17. Rational Exploitations: Economic Criteria and Indicators for Sustainable Luca Tacconi Management of Tropical Forests 39. Fuelwood Revisited: What Has Changed in the Last Decade? Jack Ruitenbeek and Cynthia Cartier Published by Michael Arnold, Gunnar Köhlin, Reidar Persson and Center for International Forestry Research 18. Tree Planting in Indonesia: Trends, Impacts and Directions Gillian Shepherd Mailing address: P.O. Box 6596 JKPWB, Jakarta 10065, Indonesia Lesley Potter and Justin Lee 40. Exploring the Forest—Poverty Link: Key concepts, issues and Offi ce address: Jl. CIFOR, Situ Gede, Sindang Barang, Bogor Barat 16680, Indonesia 19. Le Marche des Produits Forestiers Non Ligneux de l’Afrique Centrale research implications Tel.: +62 (251) 622622; Fax: +62 (251) 622100 en France et en Belgique: Produits, Acteurs, Circuits de Distribution et Arild Angelsen and Sven Wunder E-mail: [email protected] Debouches Actuels 41. • Bridging the Gap: Communities, Forests and International Networks Honoré Tabuna Web site: http://www.cifor.cgiar.org • (French Edition) Communautés, forêts et réseauxinternationaux : des liai- 20. Self-Governance and Forest Resources sons à renforcer Elinor Ostrom • (Spanish Edition) Cerrando la Brecha: Comunidades,Bosques y Redes Internacionales 21. Promoting Forest Conservation through Ecotourism Income? A case study Marcus Colchester, Tejaswini Apte, Michel Laforge, Alois Mandondo from the Ecuadorian Amazon region and Neema
Recommended publications
  • The Globalization of Chinese Food ANTHROPOLOGY of ASIA SERIES Series Editor: Grant Evans, University Ofhong Kong
    The Globalization of Chinese Food ANTHROPOLOGY OF ASIA SERIES Series Editor: Grant Evans, University ofHong Kong Asia today is one ofthe most dynamic regions ofthe world. The previously predominant image of 'timeless peasants' has given way to the image of fast-paced business people, mass consumerism and high-rise urban conglomerations. Yet much discourse remains entrenched in the polarities of 'East vs. West', 'Tradition vs. Change'. This series hopes to provide a forum for anthropological studies which break with such polarities. It will publish titles dealing with cosmopolitanism, cultural identity, representa­ tions, arts and performance. The complexities of urban Asia, its elites, its political rituals, and its families will also be explored. Dangerous Blood, Refined Souls Death Rituals among the Chinese in Singapore Tong Chee Kiong Folk Art Potters ofJapan Beyond an Anthropology of Aesthetics Brian Moeran Hong Kong The Anthropology of a Chinese Metropolis Edited by Grant Evans and Maria Tam Anthropology and Colonialism in Asia and Oceania Jan van Bremen and Akitoshi Shimizu Japanese Bosses, Chinese Workers Power and Control in a Hong Kong Megastore WOng Heung wah The Legend ofthe Golden Boat Regulation, Trade and Traders in the Borderlands of Laos, Thailand, China and Burma Andrew walker Cultural Crisis and Social Memory Politics of the Past in the Thai World Edited by Shigeharu Tanabe and Charles R Keyes The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung UNIVERSITY OF HAWAI'I PRESS HONOLULU Editorial Matter © 2002 David Y.
    [Show full text]
  • The Industrial Tree Operations of the Nusantara Fiber Group
    The industrial tree operations of the Nusantara Fiber group. February 2021 Colofon The industrial tree operations of the Nusantara Fiber group This report is part of the project 'Corporate Transformation in Indonesia's Pulp & Paper Sector' Supported by Good Energies Foundation www.goodenergies.org February 2021 Contact: www.aidenvironment.org/pulpandpaper/ [email protected] Front page image: Forest clearing by Nusantara Fiber's plantation company PT Industrial Forest Plantation Landsat 8 satellite image, early October 2020 Images: Images of Industrial Forest Plantations used in the report were taken with the support of Earth Equalizer www.facebook.com/earthqualizerofficial/ Graphic Design: Grace Cunningham www.linkedin.com/in/gracecunninghamdesign/ Aidenvironment Barentszplein 7 1013 NJ Amsterdam The Netherlands + 31 (0)20 686 81 11 www.aidenvironment.org [email protected] Aidenvironment is registered at the Chamber of Commerce of Amsterdam in the Netherlands, number 41208024 Contents The industrial tree operations of the Nusantara Fiber group | Aidenvironment Executive summary p. 6 Conclusions and recommendations p. 8 Introduction p. 11 CHAPTER ONE Company profile 1 Nusantara Fiber group: company profile p. 12 1.1 Industrial tree concessions p. 13 1.2 Company structure p. 14 CHAPTER TWO Deforestation 2 Deforestration by the Nusantara Fiber group p. 16 for industrial 2.1 Forest loss of 26,000 hectares since 2016 p. 18 trees 2.2 PT Industrial Forest Plantation p. 20 2.3 PT Santan Borneo Abadi p. 22 2.4 PT Mahakam Persada Sakti p. 25 2.5 PT Bakayan Jaya Abadi p.26 2.6 PT Permata Hijau Khatulistiwa p.27 CHAPTER THREE Palm oil 3 The palm oil businesses of Nusantara Fiber directors p.
    [Show full text]
  • Giving Report 2010/2011 Report Giving
    Medicine Engineering Public Policy Music Business Law Arts and Social Sciences National University Singapore of GIVING REPORT 2010/2011 GIVING REPORT DEVELOPMENT OFFICE National University of Singapore Shaw Foundation Alumni House 2010/2011 #03-01, 11 Kent Ridge Drive Singapore 119244 t: +65 6516 8000 / 1-800-DEVELOP f: +65 6775 9161 e: [email protected] www.giving.nus.edu.sg PRESIDENT’S STATEMENT Dear alumni and friends, Your support this past year has provided countless opportunities for the National Science University of Singapore (NUS), particularly From music to for the students who are at the heart of our University. For example, approximately medicine, your 1,700 students received bursaries. Around 1,400 of these were partially supported by gift today makes the Annual Giving campaign and about 300 are Named Bursaries. Thank you for Computing a difference to a making this possible. student’s tomorrow Our future is very exciting. NUS University Town will open its doors in the coming months and the Yale-NUS College will follow a few years later. These new President’s Statement........................................... 01 initiatives will allow NUS to continue pursuing its goal of offering students, Thank You For Your Contribution.................... 02 from the entire NUS campus, a broader Education { 02 } education that will challenge them and Research { 06 } position them well for the future. Service { 10 } Design and Environment Through these and other innovations, Annual Giving – NUS is also breaking new ground in Making A Difference Together......................... 14 higher education, both in Singapore and the region. The NUS experience will Strength In Numbers............................................
    [Show full text]
  • Ng Teng Fong Family — Far East Organization & Sino Group
    28 JULY 2014 Ng Teng Fong Family — Far East Organization & Sino Group Founders of Singapore-based developer Far East Organization and Hong Kong-based developer Sino Group Speculative trading by Robert Ng contributed to the collapse of the Hong Kong Futures Exchange in 1987. He was investigated but not prosecuted. The family has close ties to the governments of Singapore, Hong Kong and China. Capital Profile covers 12 family members and 24 companies Ilya Garger INTRODUCTION Editor in Chief [email protected] Brothers Robert Ng Chee Siong and Philip Ng ued at over USD 45bn, according to the Sze Toh Yuin Munn Chee Tat control Far East Organziation (FEO), group website. Forbes estimates Robert and Research Editor Singapore's largest property developer, and Philip Ng's total net worth as of 2014 at USD [email protected] Sino Group, a major developer in Hong Kong. 12.4bn, making the family Singapore's rich- est. David Wu They inherited the business from their father Researcher Ng Teng Fong, who founded FEO in 1960 and [email protected] Sino Group a decade later. Ng Teng Fong, Family who died in 2010, immigrated to Singapore Jacob Li from China's Fujian province in the 1930s. Ng Teng Fong died in 2010 at the age of 82 Analyst and was survived by wife Tan Kim Choo, his [email protected] Robert Ng, the eldest son of Ng Teng Fong, is two sons, five daughters, 22 grandchildren and one great-grandson, according to an Jessica Kurnia based in Hong Kong and chairs Sino Group.
    [Show full text]
  • ASPI Press Release FINAL Header.Pdf
    News Communications Department Asia Society 725 Park Avenue New York, NY 10021-5088 AsiaSociety.org Phone 212.327.9271 E-mail [email protected] Asia Society Launches Innovative U.S.-Asia Think Tank to Develop “Solutions for the Asian Century” NEW YORK, APRIL 8, 2014 – Asia Society launched today the Asia Society Policy Institute (ASPI), a nonpartisan, Asia-centric global network of experts working to create solutions that advance the prosperity, security, and sustainability of Asia and the world. This innovative new organization will be devoted to forging understanding between Asia and the United States in a global context and builds on Asia Society’s long legacy of renowned policy work, which has contributed to breakthroughs in relations between the U.S. and numerous Asian countries. “We have designed the Asia Society Policy Institute to be a different kind of think tank. Using leading-edge technology, we will connect a powerful global network of advisers and thought leaders to build understanding and solutions addressing critical issues and opportunities for Asia and the world,” said Asia Society President and CEO Josette Sheeran. ASPI collaborates with a global network of Asia-focused leaders from government, business, civil society, academia, and other sectors. Its Honorary Council includes former Pakistan Prime Minister Shaukat Aziz; former U.S. Secretaries of State Madeleine Albright, Henry Kissinger, and Condoleezza Rice; agricultural scientist M.S. Swaminathan; and former chief executive and president of Hong Kong’s Executive Council Tung Chee Hwa. “The Asian Century is a time of rapid change and increasing recognition that Americans, Asians, and the global community face shared challenges.
    [Show full text]
  • Creating New Knowledge, Generating New Ideas
    The Power of Potential | 1 ISSUE 8 / JANUARY 2017 INFLUENCING THE FUTURE THROUGH PHILANTHROPY The higher the quality of a university’s research, the greater its social and/or economic impact locally and globally. Once a university is recognised for its research excellence, it will be able to recruit the best academic talent from around the world, attract high quality students from local and international sources, and secure partnerships with premier academic institutions, key government agencies and leading industry players. Has this been true for NUS? Has research played a key role in establishing our reputation? Yes, it most certainly has. The Singapore government has been investing significantly in public sector research and development (R&D) Source: The Straits Times © Singapore Press Holdings Limited. since the year 2000. As a result, more funding for grants and facilities has become available and NUS researchers have competed successfully for this CREATING NEW KNOWLEDGE, funding. The additional resources have also enabled us to recruit more top-notch scientists to join NUS. The volume and quality of our research output have risen steadily since then GENERATING NEW IDEAS and this has played a major role in NUS’ rapid rise to the top of the world Professor Ho Teck Hua, Deputy President (Research and university rankings. Technology) and Tan Chin Tuan Centennial Professor, National “The volume and University of Singapore (NUS), explains the relationship quality of our between a university and research and the role of philanthropy research output in helping to find solutions to complex problems. have risen steadily Why is research important to knowledge.
    [Show full text]
  • Abnormal Related Party Transactions, Political Connection, and Firm Value: Evidence from Indonesian Firms
    International Journal of Business and Society, Vol. 22 No. 1, 2021, 461-478 ABNORMAL RELATED PARTY TRANSACTIONS, POLITICAL CONNECTION, AND FIRM VALUE: EVIDENCE FROM INDONESIAN FIRMS Supatmi Supatmi. Satya Wacana Christian University Sutrisno Sutrisno Brawijaya University Erwin Saraswati Brawijaya University Bambang Purnomosidhi Brawijaya University ABSTRACT This study aims to examine the effect of abnormal related party transactions (RPTs) on firm value and to investigate political connections as a moderator of the causal relationship. Our sample is 450 Indonesian firms listed at the Indonesia Stock Exchange during the period of 2014–2017 with a total of 1,724 firm-year observations. Based on the panel data regression test, our results demonstrate that abnormal RPTs, especially account receivables-related RPTs and account payables-related RPTs, decrease firm value. Further, the results empirically show that political connections negatively affect firm value. Political connections strengthen the effects of abnormal non-account receivable RPT assets and abnormal non-account payable RPT liabilities on firm value. Our findings imply that agency theory explains the impacts of political connections of Indonesian firms better than resource dependence theory. Keywords: Abnormal Related Party Transaction, Political Connection, Firm Value, Agency Theory, Resource Dependence Theory, Indonesia. ___________________________________ Received: 10 July 2019 Accepted: 30 December 2020 https://doi.org/10.33736/ijbs.3189.2021 1. INTRODUCTION According to the Indonesian Statement of Financial Accounting Standard No. 7 (Pernyataan Standar Akuntansi Keuangan/PSAK No. 7), the measurement of firms’ accounting performance is susceptible to agency conflicts, including the presence of related party transactions (IAI, 2016). In this respect, majority shareholders potentially abuse related party transactions (RPTs) to .
    [Show full text]
  • Billionaires Index
    BILLIONAIRES INDEX Maurizl® B1[11 sO.4 a Juli® 8ozano sO.O 8 lssod Rebnb sO2 8 Dulc. Pugliee de Goday Bveno se5 8 Pedro d. Codo]/ Bueno * st,I a CI]mlllo d® Godey eueno Gr®s.I * Sl.I 8 C®rald Schwaic Sl.0 a Argentina Laverve Stroll se.6 a AJ®|andr® Bulgheronl se.7 a ^blllo do. Santo. Dlnk $2.3 B Peter Sztilcaewikl $1.8 a AHut®EgydtoAmuda ttw!d Thomcon set.6 8 VIll.la Filho $1.6 a Andro Ectoves $2.9 B Australia W®lter Fdria Sl.6 8 Chlp Wilcon sO.2 a Alc.u Ene. feldmann $2.I 8 Luh Rria. se.4 8 Barry Z.k.lmon + $22 a Ang.Ia B®nnett Sl.6 a Fr®iico eittor Garda 1 $1.I a But Biundy Si.I 8 Mlk. Cannon-Brook.. sO.O B Lucloro Hang se+6 8 e®b Ill Si.2 B J®nge Paulo Lelmnn $10.4 8 uu mlig Chung S12 a Robeito Any.Iinl Reari $1.3 a Ai`drew Fbrred se.7 a Joao Rob®rto Marinho $1.a 8 mi Fontb®ho $10.8 8 Jo.e Rob®rto Man.I)ho Sl.8 8 •ol`h Gand.I &9 8 Reb.rto lrfn®u Marfnho Sl.8 a Fl®i.a Gemlnd.r $2.0 a Jonge M®II Fill`o seo 8 Al`qro Saleh B.ndcek $1.3 8 Dedd rtoln. $1.7 8 Emm® Perof n d. Moraes $1.9 a Jean Salota $2.3 a Micha.I lllrrtz.
    [Show full text]
  • Derailing Development:China's Railway Projects and Financing Coalitions in Indonesia, Malaysia, and the Philippines
    Global Development Policy Center GCI WORKING PAPER 008 • 01/2020 GLOBAL CHINA INITIATIVE Derailing Development: China’s Railway Projects and Financing Coalitions in Indonesia, Malaysia, and the Philippines ALVIN CAMBA Introduction Why do major development projects get delayed while others progress? Where do these projects encounter opposition? This paper examines the sources and nature of delays in major development projects. While literatures on development financing are substantive, scholars continue to treat project completion or cancellation as a byproduct of weak institutions (Dueñas-Osorio & Vemuru 2009), Alvin Camba is a PhD lack of technical capacity (Pinto & Mantel 1990, Diallo & Thuillier, 2004), or the financing institution’s candidate in Sociology at decision to withdraw (Mashatt et al. 2008).1 However, when these concerns are insignificant or already Johns Hopkins University, accounted for, what factors enable—or inhibit—project progression? As the World Bank researchers a non-resident fellow at the found (Legovini et. al 2015), financiers – foreign banks, firms, or international organizations – spend Stratbase-ADR Institute, and a millions to compensate for delays in major projects, leading to significant political and economic predoctoral fellow at the Global costs. In order to better explain project outcomes, I examine three comparable cases of Chinese Development Policy Center at railway projects in Southeast Asia. Specifically, I investigate the Bicol South Rail Project (BSRP) in the Boston University. He bridges the Philippines (2016-), High-speed rail (HSR) in Indonesia (2014-), and the East Coast Railway in Malaysia study of international political (2016-). I ask, what have been the sources of delays in the major Chinese railway projects and what economy, political sociology, has allowed them to progress despite these issues? Where and when have Chinese railway projects and development.
    [Show full text]
  • Capital Profile Prasarttong-Osoth Family
    7 NOVEMBER 2014 Prasarttong-Osoth Family — Bangkok Dusit Medical Services, Bangkok Airways Founding family and controlling shareholder of Thailand-listed Bangkok Dusit Medical Services and Bangkok Airways Bangkok Dusit Medical Services merged with Wichai Thongtang's Phyathai Hospital Group in 2011. Wichai Thongtang was Thaksin Shinawatra's lawyer in the former Thai PM's asset-concealment case in 2001 and is a close friend of Thaksin's brother-in-law Somchai Wongsawat. Bangkok Airways owns and operates four Thai airports: the Suvarnabhumi International Ilya Garger Airport, Samui Airport, Sukothai Airport and Trat Airport Editor in Chief Bangkok Airways' joint venture WFS-PG Cargo has reportedly been investigated for Su- [email protected] varnabhumi International Airport projects awarded during Thaksin's reign Sze Toh Yuin Munn Research Editor Capital Profile covers 12 family members and 21 companies [email protected] David Wu INTRODUCTION Researcher [email protected] The Prasert Prasarttong-Osoth family is be- of THB 25 per share, which crowned it hind SET-listed hospital operator Bangkok Thailand’s largest IPO of 2014, as of early Felix Tjandra Dusit Medical Services Group, one of the big- November. Research Analyst gest private medical services operator in Asia [email protected] Prasert Prasarttong-Osoth had a net worth of with a market capitalization of around THB USD 2.3bn as of June 2014, according to Jacob Li 78.4 billion in assets as of June 2014. The Forbes, which ranked him the eighth richest Analyst family also owns media businesses English- man in Thailand. [email protected] language cable TV channel THN Network (In Channel) and Bangkok Media and Broadcast Origin and Background Jessica Kurnia Co Ltd, which launched digital TV channel Researcher Prasert Prasarttong-Osoth was a surgeon by PPTV.
    [Show full text]
  • Governing Social Security: Economic Crisis and Reform in Indonesia, The
    ABSTRACT How do newly industrializing countries in Asia reform their social security programs after the 1997 financial crisis? Going beyond previous studies whose concern were on the relative decline of the welfare state in the midst of global economic competition, this study identifies that after crisis Indonesia, the Philippines and Singapore experienced different shifts in their structure of provision of social security benefits. The shifts vary on two important dimensions of social security provisions: the benefit level and the political control of the state over the private sector. In Indonesia there was a shift that eroded benefit level and strengthened the state’s political control over the private sector. In the Philippines there was a shift that improved benefit level and weakened state control over the private sector. Meanwhile in Singapore the shift improved benefit level yet at the expense of deeper penetration of state control over the private sector. This study asks: what explains the variation in the shifts in the dimensions of social security provisions in Indonesia, the Philippines and Singapore after the 1997 financial crisis? Such variation, I argue, cannot be explained with the usual explanatory variables: fiscal constraints at the national level, the ranking of economies in the global competition, or the intervention of international financial institutions. This economic context after financial crisis only affect the initial proposal of the reform, i.e. the degree ii of dramaticness of change proposed for the social security reform. Once the reform proposal is advanced, however, it was domestic politics that matter more, reshaping the proposal and thus the reform output.
    [Show full text]
  • Social Fragmentation in Indonesia: a Crisis from Suharto’S New Order
    Vivienne Wee Social Fragmentation in Indonesia: A Crisis from Suharto’s New Order Working Papers Series No. 31 September 2002 The Southeast Asia Research Centre (SEARC) of the City University of Hong Kong publishes SEARC Working Papers Series electronically. ©Copyright is held by the author or authors of each Working Paper. SEARC Working Papers cannot be republished, reprinted, or reproduced in any format without the permission of the paper's author or authors. Note: The views expressed in each paper are those of the author or authors of the paper. They do not represent the views of the Southeast Asia Research Centre, its Management Committee, or the City University of Hong Kong. Southeast Asia Research Centre Management Committee Professor Kevin Hewison, Director Professor Joseph Y.S. Cheng Dr Vivienne Wee, Programme Coordinator Dr Graeme Lang Dr Zang Xiaowei Editor of the SEARC Working Paper Series Professor Kevin Hewison Southeast Asia Research Centre The City University of Hong Kong 83 Tat Chee Avenue Kowloon Tong, Hong Kong SAR Tel: (852) 2194 2352 Fax: (852) 2194 2353 http://www.cityu.edu.hk/searc email: [email protected] SOCIAL FRAGMENTATION IN INDONESIA: A CRISIS FROM SUHARTO’S NEW ORDER Vivienne Wee Southeast Asia Research Centre City University of Hong Kong [email protected] CONCEPTUALISING ‘SOCIAL FRAGMENTATION’ Social fragmentation may be characterised as a state of institutional and inter- relational breakdown. There are at least three explanations for its emergence: • The first explanation derives from Durkheim’s (1893) observation that industrialisation brings about sudden social changes, leading to a breakdown of norms governing social interaction, a condition he referred to as anomie (Greek: ‘lawlessness’).
    [Show full text]