Author: Ressy Wiguna

Jakarta (ANTARA) – The Indonesian government still requires a budget of US$5.7 billion to support the transition to environmentally friendly energy, member of the Board of Commissioners of the Financial Services Authority (OJK) Inarno Djajadi stated. “OJK and other ministries continue to discuss how to balance the transition process towards a green economy while maintaining growth,” Djajadi noted at the Mandiri Sustainable Forum here on Thursday. To close the energy transition budget gap and reduce the negative impacts of climate change, the OJK has taken several steps since 2015, including by publishing the 2015-2019 Sustainable Finance Roadmap. “As a result…

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London, (16/11 – 57) Sri Lanka President Ranil Wickremesinghe has laid out the bankrupt country’s budget for 2024, drawing mixed reviews as he strives to meet the demands of an International Monetary Fund bailout program without sowing further public resentment ahead of expected elections. Some observers applauded the proposals, not only for what they included but also what they did not, no new taxes on top of hikes already announced. But others expressed concern that the budget seemed designed to placate certain voters, and only temporarily, while not doing enough to help the struggling masses. Wickremesinghe unveiled the budget on…

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Brussel, Frankfurt (16/11 – 23) A levying of embargoes and export bans, the imposition of sanctions, erection of fearsome “license” (= restriction) protocol: there’s nothing new about this back-and-forth in world trade, in the eternal jousting for advantage among markets and nations. The clever Chinese imagined they had the world tea market all locked up until an earnest Scottish botanist carrying the telling name of “Robert Fortune” snuck into the Middle Kingdom to observe their agriculture, steal tea plants, and pick up tricks of tea processing. The Chinese global tea monopoly was busted wide open. The fortunate Mr. Fortune was…

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Frankfurt (18/12 – 14) That there are remarkable advantages in being ignored is not generally recognized. Central Asian countries, historically under the thumb of Moscow, all through the 70+ years of the Union of Soviet Socialist Republics, were more or less cut off from the outside world. There was little trade or other exchange. The USSR was in fact a grab-bag of ethnicities, religions and languages, controlled with an iron fist by Stalin and afterwards with unbroken dominance through subsequent regimes. Under Soviet management, Central Asia had stayed poor and ignored; it had not developed any hydrocarbon resources to lure…

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Toronto, Frankfurt (2/11 – 42) World media are jumping all over the conflagration in Gaza following the 7 October attack, killing 1400 Israelis and kidnapping several hundred others – followed by an all-too-predictable retaliatory response from Israel, with indiscriminate bombardment and gunfire into Gaza. The number dead and injured in the Palestinian zone will likely never be known but it is currently estimated at over 5,000 – many of whom are women and children caught in the crossfire. Is Hamas sorry about those who voted for them and support their cause being machine-gunned or trapped by crumbling concrete in a…

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London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was assured by Sri Lanka’s central bank governor that the country would repay a $250 million bond. However, Sri Lanka defaulted on the bond in April 2022. Wey is seeking to collect the full amount of the bond, plus interest. He has filed a lawsuit in the US District Court for the Southern District of New York. The lawsuit is a major setback for Sri Lanka, which is already facing a severe…

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London (07/11 – 71) For ten years now, the authorities of Tajikistan have been engaged in forced assimilation of the ethnic Pamiri people, giving away the heartlands to China for debts,” Orzu M. shared with RFI – Radio France Internationale is a French news and current affairs public radio station that broadcasts worldwide. RFI met with Orzu in Paris, sharing the fact that more and more Pamiris are leaving their native homes in Gorno-Badakhshan Mountainous Autonomous (GBAO) Region of Tajikistan; they are driven into exile by the persecution of the authorities, who are displacing indigenous peoples. RFI: How did it…

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Toronto, Alaska (16/11 – 50) Our lives are being maneuvered and we are being manipulated by unelected, insidious forces, toward objectives not necessarily in the people’s interest. Now that the so-called “pandemic”, declared by the mysterious self-appointed World Health Organization, and followed obediently by governments everywhere, has been decreed “finished”, we should devote a moment to introspection, considering who is running the show and for whose benefit, as governments gaily abdicated their vested responsibility to govern. Pandemic is over? I hope they told those killer viruses who destroyed the population of Europe and North America. What? Oh, just 1% mortality?…

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Jakarta, Surakarta, Berlin (7/12 – 11) Amid a generally declining period for Germany’s national football team, the 2023 FIFA U-17 World Cup in Indonesia has been a shining light for them. Germany is one of the most successful national teams ever in international competition. They have won four World Cups (1954, 1974, 1990, 2014), three European Championships (1972, 1980, 1996), and a Confederations Cup (2017). Nevertheless, in recent years, Germany is suffering a horrid fate. In 2018, Germany suffered their first-ever first-round exit from the World Cup, since 1938. Germany became the fifth defending champions to be eliminated in the…

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Brussels (3/12) Governments may be doing great while the people suffer. Bombing of the Nordstream 2 pipeline, carrying cheap Russian natural gas to industry and consumers in Europe, is exerting a cascading effect on companies and employment, eventually to be reflected in rising places and sharpening inflation. Russia is steadily experiencing price increases for a variety of goods and services, Russian media report. Is there obviously not a link to the sanctions placed on Russia and the seizure of Russian funds and savings abroad? Punishment for Russia’s “Special Military Operation” to purportedly protect Russian-speaking citizens in eastern Ukraine from state…

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