Page 14 - While Indonesia News Today

AFP The Philippines has filed a diplomatic protest against the Chinese government after Beijing passed a new law giving its coast guard authority to fire upon foreign vessels in the contested South China Sea, Manila’s top diplomat said Wednesday. The move by Foreign Secretary Teodoro Locsin Jr. reversed a stand that he took on Monday when he said it was “none of our business” what laws China passes.  “After reflection I filed a diplomatic protest,” Locsin said in comme...

The developments point to heightened tensions in South China Sea less than a week after the Jan. 20 inauguration of Joe Biden.

BY :FABIAN BUDDY PASCOAL JANUARY 27, 2021 .In the 1987 movie "Wall Street," the fictional Gordon Gekko said that "greed, for lack of a better word, is good." In reality, however, we must ask if greed is bad, good - or in fact both? Greed is a prime manifestation of human kind’s individualistic mentality and selfishness. It is potentially destructive when used to chase profits by blindly disregarding moral norms. On the other hand, it can also be a constructiv...

  While Indonesia’s testing rate for COVID-19 remains below the international standard, the number of infections and deaths in the country is the highest in Southeast Asia. Although we have been battling the pandemic for more than nine months, we have failed to learn from our mistakes and from the successes of other countries. Indonesia`s flaws since the beginning are nothing different. Poor performance in testing, tracing and treatment, and the go...

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Indonesia will need to step out of the shadows of neighboring Malaysia’s 1MDB scandal to convince investors that its new wealth fund won’t fall prey to corruption. Nusantara Investment Authority will take lessons from other sovereign wealth funds and adopt a framework based on independence, transparency and accountability, said Isa Rachmatarwata, the finance ministry’s director general of state assets. It needs to assure potential investors that governance protocols are airtight when it s...