#Indonesia emphasised on the importance of good corporate governance and encouraged businesses to integrate Environmental, Social and Governance (ESG) principals in corporate practices in order to mitigate ESG-related risks #SoutheastAsia #Asean #ESG #Sustainability

Based on the data that is provided by the Transparency International, it is clear that Indonesia has been improving consistently in the Corruption Index from 2010 to 2013. There’s a significant performance leap in 2014 and its Corruption Index has maintained strong growth from then on. However, in the year of the Covid-19 pandemic, the country’s performance in this area, dropped slightly as shown in the chart below.

Corruption Index

While the disruptive effect of the COVID-19 pandemic and its economic consequences cannot be overstated, a few countries in the region such as Singapore, are managing to recover quickly, while others still suffer the dual health and economic crises.

Indonesia is not alone in the fight against poor corporate governance. A recent survey by Nemexis, found that a majority of the 58 countries that was surveyed by them, experienced poor corporate governance during the Covid-19 pandemic and it was found to be related to purchasing and/or access to personal protective equipment. A recent article from the World Economic Forum stated that the risk of poor corporate governance has increased exponentially during the pandemic.

While the country is combating the Covid-19, the administration still pushes against the poor corporate governance tidal wave by increasing awareness on the issue.

In a recent virtual briefing, the administration reminded everyone that  one of the causes of the economic crisis in the late 90s was due to poor corporate governance, and cited examples of poor investment quality, lack of transparency, weak law enforcement, large numbers of short-term non-hedge loans amongst others.

The administration encouraged both public and private sector to explore the concept of Environmental, Social and Governance (ESG) and try to implement its principals in corporate activities. Additionally, the administration also added that climate change and natural disasters are inevitable in the Southeast Asia region therefore ESG principals could help in mitigating such risks.

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Linkedin, the weakest link among all live streaming platforms? Seriously?

This is an audio version of my live stream. In my previous and also first live streaming, I mentioned two times that Linkedin is the weakest link among all the live streaming platforms that I am using, but I didn’t explain why. In this live stream, I want to clarify about what I said. Weakness is actually Strength!

#SoutheastAsia#Asean#ESG#Sustainability

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#Vietnam urges all organs of state to adopt whole-of-system approach to integrate ESG principals with urban masterplans for local villages to the country, to achieve sustainable urban development #SoutheastAsia #Asean #ESG #Sustainability #hanjun

In line with the Vietnam Population Strategy to 2030, the country has recently instructed all ministries and agencies to adopt a whole-of-system approach to integrating Environmental, Social and Governance (ESG) principals to urban masterplans that underpins local villages all the way to the entire country.

To emphasis on their intent, the country shall appoint a single office to coordinate the committee decision among all ministries and related-agencies, and report directly to the Prime Minister Office.

The office will work out a system to track the master planning process, relying on a mixture of leading, coincident and lagging data to support an evidence-based and data-driven approach to enable receiving and adapting to new information. This would help the administration to calibrate urban planning decisions.

The country is now working on the budget for the project which would take into consideration the work of the ministries, agencies and other related stakeholders.

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#Indonesia sees urgent need to combine ESG-principals with its 11 industrial hubs and hopes to achieve quantum leap by sparking green innovations #SoutheastAsia #Asean #ESG #Sustainability #hanjun

Indonesia wants to position itself as a forerunner in the green economy so as to be align with the changing world economy. The country now aims for related ministries and agencies to work together to support the development of physical infrastructures, energy supply, communication network, and wants to achieve this with proper regional planning backed by good evidence-based and data-driven information. For this, they would also want the state-owned enterprises to partner the public sector.

The country has emphasised the strong need for ESG-principals to be applied to the 11 industrial hubs. The principals included the use of environmentally friendly materials, recycling concepts, low-carbon technology, renewable energy, proper labour management and careful use of water. With this, the country hopes to set the platform for green innovations which could be exported in the future.

The country has identified several projects out of the 11 industrial hubs, to be operable by 2022.

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Indonesia plans to pilot sustainable urban development with Bali island and foster R&D ecosystem to spark sustainability-driven innovations #SoutheastAsia #Asean #ESG #Sustainability #hanjun

The 2030 Agenda for Sustainable Development is one of the national goals that Indonesia hopes to achieve by balancing economic growth, social inclusion, and environmental protection.

As part of nation’s masterplan to achieve the 2030 goals, Indonesia plans to pilot sustainable urban development with Bali island. Top development agenda would be to provide a climate and disaster resilient living space. It must also be a high quality environment that serves as a platform for equitable growth and sustainable development.

Top officials also expressed a desire to foster a R&D ecosystem to proliferate innovations in the green and blue economy. One of the strategies would be to anchor the National Research and Innovation Agency as a platform to encourage even more people with international experience to be involved in fostering the R&D ecosystem.

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#Thailand will pilot the concept of developing ESG-friendly industrial estates to attract entrepreneurs and businesses to spark innovations in game-changing green products and services #SoutheastAsia #Asean #ESG #Sustainability #hanjun

Thailand has taken up the idea of building ESG-friendly industrial estates, firstly to reduce Greenhouse Gas (GHG) emissions and secondly, to improve its economy competitiveness in the ASEAN market and larger global trade ecosystem. ESG-friendly industrial estates are now be an essential part of the country’s 20 years national transformation strategy.

The country is now urging the relevant government agencies to work together to realise this idea and also to promote the awareness of green economy among its private sector. A special project was set up to chaperon the private sector towards the low-carbon sector. The project will also be in charge of administering the carbon footprint certificates and conducting training on the calculation of carbon footprint for products and services.

The roadmap calls for the Thai business ecosystem to innovate and develop low-carbon technologies to replace traditional, inefficient technologies. Additionally, the government is calling for social restructuring, changing production and consumption habits and adopting lifestyles.

The country has selected the Samut Prakan province to pilot the idea of the ESG-friendly industrial hub. Samut Prakan is part of the Bangkok Metropolitan Region. Neighbouring provinces are Bangkok, to the north and west, and Chachoengsao to the east.

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Successful Results from the Recent Testing of the Russian Electronic Voting System #Russia #Technology #AI #ML #Data #100daysofcoding #100daysofdh

Russia recently conducted a trial of their electronic voting system and declared that the results were satisfactory. The testing took place for 12 hours on May 14 and was available to citizens who had previously applied to participate through their State Services portal.

Residents of Karachay-Cherkess Republic, the Republic of Kalmykia, , Belgorod, Pskov and Tula regions, formed the largest group for the voting exercise. More than 2.3 million citizens applied to take part in the trials of the electronic testing and around 1.2 million citizens voted as a result of the testing of the remote electronic voting system.

The new system was supposed to encourage higher voter turnout but introducing the new system would be gradual and require a strong network and computing infrastructure. This is to ensure it can handle the server workload imposed by the number of citizens and also mitigate the risks stemming from potential hacking attacks.

Russia’s neighbour Estonia has been operating online voting since 2005. The Estonian experience with online voting is the world’s most comprehensive and Estonia remains the only country to hold all of its elections (local, European and national) with the option to vote online for all citizens. The original goal of the introduction of online voting in Estonia was also to stimulate turnout numbers as well as to lower the costs of hosting elections.

The digital identity is integral to casting the online ballot in Estonia. For the user’s identity to be authenticated, the user must possess their ID card (which contains a chip) and the 2 PIN codes for that card. The card must be inserted into a card reader in order to generate the private key needed to cast a ballot.

The Estonians’ confidence has grown in their system because of the utilisation of blockchain to guarantee the anonymity of the ballot.

Until recently, blockchains were seen as an hacker-proof technology but recent reporting seem to indicate that it is no longer the case. Hackers have gotten away with nearly USD$2 billion worth of cryptocurrency since 2017 by attacking the unique vulnerabilities of blockchains.

Apart from this, additional challenges to online voting are to achieve a balance among the issues of security, verification, and anonymity. One of the largest complications is that an anonymous vote makes it very difficult to verify whether the result is accurate or if there has been a security compromise.

One of the easiest way to verify whether an election was tampered with, would be to keep a database of everyone’s votes so that they can look up their names and determine if their vote was recorded accurately.

Unfortunately, such a system would not be anonymous and could lead to coercion. The challenge of verifying the vote while also maintaining anonymity is one of the key balancing act that is involved in electronic voting.

Russians who took part in the recent voting exercise, would be able to share their opinions, as well as leave feedback and suggestions by 24 May 2021.

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#Thailand committed to planting 64,000 hectres of trees by 2021 and exchanged best practices in sustainable forestry management with Sweden #SoutheastAsia #Asean #ESG #Sustainability #forestry #circulareconomy #green #aging #hanjun

According to estimates, the forest cover in Thailand declined from 61% to 34% between 1945 and 1975. The Thailand Royal Forest Department established that the forest cover stood at 31.6% in 2019, which is roughly about 16 hectares (almost equivalent to 22 million soccer fields).

The deforestation was mainly attributed to the clearance of forest for cropland. Much of the country’s economic growth was derived from the increased agricultural production for export.

Thailand’s agricultural sector is responsible for creating employments for about 30% of the country’s total labour force. However, the government do recognised that climate change will pose substantial challenge to the agricultural industry.

The changing climate is also adding to resource problems such as water scarcity, pollution, and soil degradation. Additional challenges include the country’s aging population and younger generation’s preference for work in other sectors.

Plus, it is also anticipated that flood and droughts will increase in intensity due to the changing climate therefore the country has embarked on a public programme with related agencies, to improve the public’s awareness of this issue.

To mitigate the potential risks arising from the upcoming challenges. the government has put forth a concoction of policy measures comprising tree planting drive, forest monitoring, forest fire prevention amongst others.

Thailand has committed to planting 64,000 hectres of trees (roughly about the size of 90,000 soccer fields) before the end of 2021. The country will push for related agencies to work with the private sector and local authorities to plant the trees, starting from the National Tree Day. The National Tree Day falls on 26 May 2021.

Apart from this, Thailand and Sweden also conducted a workshop together, to learn and exchange best practices in sustainable forestry management, with each other. The Swedish model of forestry is based on three pillars: ecological, economical and social sustainability.

According to various estimates, Sweden’s forest cover stands at around 50% to 70%. Forestry is a strategic sector for Sweden, with around 50% of forests owned by private individuals or families. The country accounts for about 5% of global production of wood products, pulp and paper, and is one of the world’s largest exporters of these products.

Thailand and Sweden organised the workshop as part of their gesture to reaffirm their 150 years of diplomatic relationship.

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My insights from a mini 1-month benchmarking study on 39 live video streamers across different social media platforms, different countries, aged 17 to 72 years old

This is an audio version of my first video live stream. I shared about my preparation for this first live stream. Its about a mini-benchmarking study that I did over a period of one month, observing 39 live streamers from different countries, from different social media platforms, aged 17 to 72 years old. Some earning in excess of USD$20,000 per month. I talked about the streaming devices, streaming softwares, streaming styles, monetisation and future of work.

#SoutheastAsia#Asean#ESG#Sustainability

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#Indonesia merges science and technology agencies to position the space and aeronautical industry as the next frontier, in tandem with the digital, blue and green economy #SoutheastAsia #Asean #Sustainability #ESG #ocean #digital #AI #ML #hanjun

Ever since the start of the pandemic, Indonesia, like many other economies, had its share of setbacks and realised the importance of shoring up their digital, blue and green economy. Companies now find that it is essential to be able to continue their operations with digital platforms and some are leveraging video conferencing platforms to do businesses with their overseas counterparts. At the same time, the global shift towards the blue and green economy has also played an important role in nudging the country towards sustainable development as well.

The government is relooking at the regulations that are covering the marine economy, hoping to encourage their fishery companies towards sustainable fishing methods while trying not to disturb the fishermen’s livelihoods. Apart from this, they are also rethinking their energy consumption goals and how they are managing their forests.

Logging and the burning of forests to clear land for cultivation has made Indonesia the world’s third largest emitter of greenhouse gases, just behind China and the United States. Forests are often burned by farmers and plantation owners. Another major source of deforestation is the logging industry, driven by demand from other countries. Agricultural development and transmigration programmes has also moved large populations into rainforest areas, further increasing deforestation rates.

The country envisions itself to become self-sufficient in the field of space and aeronautical technology and these technology could help to support the growth of the blue and green economy.

The government will explore a public-private collaboration to improve its aerospace research eco-system and focus on end-products like N-219 aircrafts, satellites, space observation and monitoring services The collaboration would also try to reach out to the global space and aeronautical communities to be involved in fostering the local eco-system.

Indonesia is not new to the Asia space race. It has launched a successful satellite from India in 2007. Its program, the National Institute for Aeronautics and Space, has sought to use Indonesia’s 17,000-plus islands as a bargaining chip in negotiations, and previously tried to partner Russia to provide Biak Island as a launch site for Roscosmos.

Also last year, an American company was offered use of part of the small island of Biak in Papua by Indonesia in December 2020. But it was reported that environmental experts feared a launch site might further damage the island’s delicate ecosystem.

One of its Southeast Asian neighbours, Malaysia also has a space agency, Angkasa, which partnered Russia to train a Malaysian for travel to the International Space Station. That goal was achieved in 2007 when Sheikh Muszaphar Shukor reached outer orbit. Malaysia’s biggest independent success to date: putting a microsatellite carried by a Russian Dnepr rocket into orbit in 2008.

To focus their efforts on building the space and aeronautical technology, the country will merge its existing space and aeronautical program, the National Institute for Aeronautics and Space into the National Research and Innovation Agency. Three other agencies will also merge into the National Research and Innovation Agency, namely the National Nuclear Energy Agency, the Agency for the Assessment and Application of Technology and the Indonesian Institute of Sciences.

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