The Office of the Coordinating Economic Minister has revived a discussion about relaxing the negative investment list (DNI) following a recent speech in which President Joko “Jokowi” Widodo stressed the need to attract more investment to the country.The list restricts or limits foreign investment in certain business sectors.Coordinating Economic Minister Darmin Nasution held a meeting with Investment Coordinating Board (BKPM) chairman Thomas Lembong, Communication and Information Minister Rudiantara and other officials on Wednesday to discuss the revision.Darmin said the draft of the DNI regulation, which would revise the current list stipulated in Presidential Regulation (Perpres) 44/2016, was being finalized and would soon be presented to Jokowi.“[We] want to finalize the regulation and then present it to the President,” Darmin said after the meeting in Jakarta.The revision of Perpres 44/2016, primarily aimed at opening up more business sectors for foreign … [Read more...] about Government revives talk on relaxing negative investment list
Canada overseas investments limited
OTTAWA: The Canadian government on Tuesday (Jun 18) approved a controversial pipeline expansion project to deliver oil to the Pacific coast for shipping overseas, setting the stage for a major political battle ahead of elections.Prime Minister Justin Trudeau's administration had given the project the go-ahead in 2016 on the grounds it was in Canada's "national interest."But it was stalled by legal challenges and protests by indigenous groups and environmental activists, and a federal court last August ordered the government to take a second look."Today, I am announcing that our government has approved the Trans Mountain expansion project going forward," Trudeau told a press conference in Ottawa."The company plans to have shovels in the ground this construction season," he saidTax revenues and proceeds from the eventual sale of the pipeline - which Ottawa purchased last year for Can$4.4 billion (US$3.3 billion) from Kinder Morgan to salvage the troubled expansion project … [Read more...] about Canada PM approves controversial pipeline expansion
By Heather Scoffield Economics Columnist Tues., May 14, 2019 Playing chicken, gaslighting, and nasty, foreshadowing tweets — Canada’s experience with White House trade negotiations may be a distant memory now, but those recollections could prove useful during these days of U.S.-China brinksmanship. As markets oscillate wildly, lurching from tweet to tweet, Canada has been there, done that, and can perhaps take a less panicked view of the trade war that’s turning the global economy upside down. Of course, the U.S.-Canada relationship is different than the U. S-China relationship, but we were a dry run for the protectionist president. If there were a handbook on how Donald Trump’s White House handles trade negotiations, Canada’s experience would be a case study in many tactics. Some of the points the handbook would make: Playing chicken: Trump’s team has a penchant for issuing threats to win concessions. In the NAFTA talks, … [Read more...] about Canada was Donald Trump’s warm-up for China trade talks
By Jeremy Nuttall Star Vancouver Tues., April 30, 2019 VANCOUVER—Standing at the counter of a coffee shop in Vancouver’s Commercial-Broadway Skytrain station, underneath a little Canadian flag, the leaders of the resistance bicker over who gets the honour of paying for their drinks. Louis Huang ends the standoff by shoving $5 into Gao Bingchen’s pocket and walking to their seats. They have bigger conflicts to discuss. Huang and Gao, both originally from Mainland China, are the founders of the 60-member Alliance Guard of Canadian Values. Since 2009, they’ve been trying to get Canadian governments to “be aware, really aware about the influence of the Chinese communist government in Canada,” Huang said. Gao doesn’t speak much English, so Huang does the talking. Gao sits quietly next to him, checking his phone and waiting for brief translations of what is being said. Huang says the Canadian political class just … [Read more...] about This is the resistance to China’s influence in Canada, and this is their moment
By Tara Deschamps Special to the Star Mon., April 29, 2019 New European rules that will make tech firms liable for copyright violations on their platforms have been both lauded by musicians and artists and lambasted by those who champion intellectual freedom. But one thing that’s not in dispute is that similar rules won’t be coming to Canada any time soon, experts say. The copyright directive, endorsed by 19 European countries in mid-April, will compel companies such as Google and Facebook to ensure copyrighted content — everything from music and films to news and books — isn’t posted on their platforms without a creator’s permission. Some tech firms may have to acquire licences to host such material. The EU’s 28 member states now have two years to adopt the rules and create their own policies. The reforms have been touted as a way to rein in powerful tech firms and restore revenues to creative industries, often paid fractions … [Read more...] about Canada likely won’t copycat EU copyright rules, experts say. So what’s next?