Renewables will be slow to take off in Algeria

2022 ◽  
Keyword(s):  
Foreign Investment ◽  
State Energy ◽  
Business Environment ◽  
Green Energy ◽  
Energy Resources ◽  
Emissions Reduction ◽  
Renewable Energy Resources ◽  
Foreign Investors ◽  
Content Type ◽  
Energy Companies

Significance The country has abundant renewable energy resources and substantial potential for green energy exports, but development to date has been minimal. Domestic firms are focused on the gas sector and foreign investors have been deterred by a hostile business environment. However, Algiers has taken steps recently to incentivise investment. Impacts The lack of development to date means the country’s emissions reduction targets are at risk of being missed. The December tender is likely to attract more interest than previous efforts because of changes to foreign investment conditions. Competition from new developers may prompt greater interest from Algeria’s state energy companies, in part to ward off challenges.

Myanmar regulation reform will spur investment

2015 ◽  
Keyword(s):  
Direct Investment ◽  
Economic Reforms ◽  
Business Environment ◽  
Regulatory Environment ◽  
Business Climate ◽  
Foreign Investors ◽  
Content Type ◽  
Effective Administration ◽  
Regulation Reform ◽  
The Government

Subject Myanmar's business environment. Significance The government is instituting measures to improve the business climate and attract foreign direct investment (FDI) into the economy. As part of this effort, on February 24, it instituted the Competition Act. However, while there has been an influx of new FDI, foreign investors remain wary -- largely because of the challenges of navigating Myanmar's old and complex regulatory environment. Impacts Economic reforms could slow in the event of an opposition electoral victory, as the new government gains experience. Improvements to the business environment could be constrained by a faltering or failed ethnic peace process. Regulatory reforms backed up by effective administration could contribute to equitable economic growth.

Riyadh will court investors for diversification

2018 ◽  
Keyword(s):  
Emerging Markets ◽  
Foreign Investment ◽  
Capital Markets ◽  
Business Environment ◽  
Short Term ◽  
Content Type ◽  
Vision 2030

Significance Mohammed bin Salman in 2016 spearheaded ‘Vision 2030’, a grand plan for a more diversified economy, accompanied by a step-by-step transformation programme. A key element is to attract financing by improving the business environment, reforming capital markets, privatising state-owned entities and facilitating foreign investment. Impacts If plans go well, new Saudi opportunities could divert investment flows away from more mature emerging markets such as Turkey and Malaysia. Although other Gulf markets might lose out in the short term, they will ultimately benefit if investors take more interest in the region. Failure of the privatisation drive would dent the crown prince’s reputation and undermine his spending plans.

Australia will seek foreign infrastructure money

2019 ◽  
Keyword(s):  
Population Growth ◽  
Foreign Investment ◽  
Foreign Investor ◽  
State Governments ◽  
Foreign Investors ◽  
Content Type ◽  
Competitive Disadvantage ◽  
The Government ◽  
Budget Surplus ◽  
Tax Cuts

Significance Tax cuts were announced earlier this month for foreign investment in infrastructure, including transport, energy, water and communication. The move follows concerns that spending on infrastructure is too low for Australia’s projected population growth. Impacts The stimulus does not involve any new spending and will require the support of state governments, which co-fund some projects. Tax concessions will help ease a competitive disadvantage faced by foreign investors, but there will still be market barriers. Uncertain confidence in the current government could depress foreign investor interest. If it maintains the budget surplus, the government will keep backbenchers’ support.

Kazakh business climate improves but needs reform

2019 ◽  
Keyword(s):  
Foreign Investment ◽  
Business Environment ◽  
Business Climate ◽  
Economic Diversification ◽  
Content Type ◽  
Low Level ◽  
Catching Up ◽  
Political Succession

Subject The business climate in Kazakhstan. Significance Kazakhstan is improving its score as a business environment but much remains to be done. Corporate regulation has improved and anti-corruption efforts have been undertaken, albeit with uneven effect. Major privatisations often do not happen or end up redistributing assets within Kazakhstan. A recent restructuring of ministerial responsibilities seems likely to complicate rather than simplify the task of attracting foreign investment. Impacts Aside from structural issues, unanswered but increasingly urgent questions of political succession will weigh on investor interest. The low level of economic diversification limits the pool of investor opportunities. Kazakhstan will continue to be the main regional magnet for FDI but Uzbekistan may start catching up.

scholarly journals Renewable Energy in China

2015 ◽  
pp. 36-45
Author(s):  
V. I. Salygin ◽  
I. A. Guliyev ◽  
M. I. Ryabova
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Co2 Sequestration ◽  
Waste Recycling ◽  
Energy Resources ◽  
High Rate ◽  
Chinese Government ◽  
Renewable Energy Resources ◽  
Environmental Situation ◽  
Energy Companies

China is the most densely populated country in the world with high rate of economic growth resulting in higher demand for energy resources and in strive to guarantee stable supply of these resources. Chinese annual GDP growth in 2012 and 2013 was down to 7.7% comparing to 10% in 2000-2011 [7]. In 2012 and 2013 economic growth stumbled because of slowdown in manufacturing and exports, taking into account that Chinese government was eager to cut inflation and excessive investments in some segments of the market. Speaking about energy sector Chinese government is aimed at promotion of market-based pricing systems, activities for advanced energy efficiency and higher competition between energy companies, and increased investment in renewable energy resources. Considering renewables as one of many ways to diversify energy supplies, lower dependence on coal and improve environmental situation Chinese government actively supports and develops programs aimed at support of renewable energy industry in China. Chinese economic development is tightly attached to five-year plans. It seems important to mention the fact that main energy goals for current 12-th "five-year plan" are to achieve 15% renewables consumption and CO2 sequestration up to 40-45% by2020 in order to lower dependency on coal and improve environmental situation. As a result of Chinese state policy to develop renewables China achieved certain results in wind energy, helioenergetics, hydroenergetics and energy from waste recycling.

Iran conservatives will stall Rouhani's reform efforts

2015 ◽  
Keyword(s):  
Civil Society ◽  
Gender Equality ◽  
Foreign Investment ◽  
Political Competition ◽  
Political Reform ◽  
Election Campaign ◽  
Foreign Investors ◽  
Content Type ◽  
Near Term ◽  
Domestic Reform

Significance President Hassan Rouhani has satisfied his constituents by concluding the nuclear deal -- the key pledge of his 2013 election campaign. However, he has yet to deliver on a number of promises on domestic reform, from civil society liberalisation to gender equality and unemployment. Impacts The nuclear deal should enable Rouhani's re-election in 2017 regardless of the outcome of his political reform efforts. Successful political reforms would improve transparency and reduce corruption, making Iran more attractive for foreign investors. Increased domestic political competition will not undermine the nuclear deal, which is key to sanctions relief and foreign investment. Election tensions will ensure that Iran does not moderate its regional foreign policy in any significant way in the near term.

Investor confidence in Indonesia will falter

2018 ◽  
Keyword(s):  
Foreign Investment ◽  
Task Force ◽  
Investment Banking ◽  
District Court ◽  
State Spending ◽  
Foreign Investors ◽  
Content Type ◽  
Investor Confidence ◽  
Legal Risks ◽  
New Business

Subject Legal risks to investment in Indonesia. Significance The South Jakarta District Court in late November ordered US investment banking group Goldman Sachs to pay 24 million dollars in damages to property developer Benny Tjokrosaputro. He had sued Goldman Sachs in September 2016, claiming that it had sold shares which he rightfully owned. Foreign investors will be increasingly wary of Indonesia's legal system. Impacts Investors will be increasingly sceptical of Jakarta's new business task force, though it is designed to support them. Jakarta will step up efforts to encourage foreign investment in infrastructure, despite falling confidence. Increases in state spending may raise corruption relating to the distribution of funds in Indonesia.

Delhi’s arbitration policy may hit foreign investment

2018 ◽  
Keyword(s):  
Foreign Investment ◽  
Prime Minister ◽  
State Agencies ◽  
International Arbitration ◽  
Foreign Investors ◽  
Content Type ◽  
Doing Business ◽  
Legal Risks ◽  
Ease Of Doing Business

Subject India's policies on domestic and international arbitration. Significance The proposed Indian Arbitration Council Act seeks to institutionalise domestic arbitration procedures and make the country a centre for international arbitration practice. Delhi is seeking to protect its state agencies from future accountability before international arbitration courts. Impacts Accusations of partiality against India’s judiciary are likely to increase. Prime Minister Narendra Modi will appeal to foreign investors despite the legal risks they face in India. India’s reputation for ease of doing business is likely to improve only gradually.

Reform will improve foreign firms’ treatment in China

2020 ◽  
Keyword(s):  
Foreign Investment ◽  
Structural Changes ◽  
The United States ◽  
Foreign Firms ◽  
Foreign Investors ◽  
Content Type ◽  
Playing Field ◽  
Investment Law ◽  
The Law ◽  
Over Time

Subject Reform of China's foreign investment law. Significance The new Foreign Investment Law that took effect on January 1 is a response to a slowing economy and pressure from other governments, particularly the United States, to ‘level the playing field’ for foreign investors. Impacts There will not be a flood of new investment as a result of the law, but it will make a difference over time. Companies will have five years to prepare for structural changes as rules specific to foreign-invested companies disappear. The regulations contain few specifics on enforcement, indicating that Beijing is not yet ready to give teeth to the law.

The adoption of IFRS, comparability of financial statements and foreign investors’ ownership

2018 ◽  
Vol 26 (3) ◽  
pp. 391-411 ◽  
Author(s):  
Aria Farah Mita ◽  
Sidharta Utama ◽  
Fitriany Fitriany ◽  
Etty R. Wulandari
Keyword(s):  
Financial Statements ◽  
Business Environment ◽  
Financial Statement ◽  
Foreign Investors ◽  
Content Type ◽  
Depth Measurement ◽  
Ifrs Adoption ◽  
Adoption Level ◽  
Observation Period ◽  
The Eu

Purpose The purpose of this paper is to examine the indirect effect of the International Financial Reporting Standard (IFRS) adoption in increasing the foreign investors’ ownership through the improvement of comparability of financial statements. Design/methodology/approach This study employs listed companies in 18 countries across Europe, Asia, Africa, and Australia with an observation period from 2003 to 2012. Unlike previous studies, this study uses a continuous variable to measure the level of IFRS adoption which is measured at the country level. This study includes countries that do not fully adopt the IFRS, partially adopt, make some delays in adoption or some modifications to IFRS. Findings The results show that the level of IFRS adoption has a positive effect on the comparability of financial statements. The level of IFRS adoption indirectly increases the foreign investors’ ownership through the comparability of financial statements. These results are consistent with proponents for IFRS adoption which argue that the adoption improves the comparability of financial statements that in turn attracts greater cross-border investment. Research limitations/implications The findings of this study need to be interpreted with caution due to limitations. Although this research provides a detail measurement on the IFRS adoption, this study only looks at three general items of difference in adopting the IFRS. “Differences in text” used in this research has not quantified detail differences for each adopted standards. Therefore, future research can use a more in-depth measurement of the IFRS adoption level that considers differences or exceptions of accounting treatment. Practical implications The results suggest that the standards setting bodies’ (IASB) strategy on promoting the IFRS and objectives to develop a standard that leads to increase the financial statement comparability have been achieved. This research shows that the IFRS adoption plays a role in ensuring the financial statement quality in terms of its comparability. It implies that the standard-setting bodies in every country, as one of the responsible institutions regulating the business environment, can be entrusted with a greater role in order to ensure better financial information quality. Originality/value This study introduces novel measurement that is more detailed in measuring the IFRS adoption level instead of applying the discrete variable approach (“adopt” and “not adopt”) performed by previous studies (DeFond et al., 2011; Tan et al., 2011; Lee and Fargher, 2010). This study does not only cover some EU countries but also covers some countries in Asia, Africa, and Australia, so it can be better at capturing the variation of the IFRS adoption outside the EU. This broader coverage will show the consistency of the benefits of IFRS adoption. This study is most closely related to that of DeFond et al. (2011). This research extends DeFond’s study with some important differences as follows: it uses output-based and firm-specific measurement of the comparability from DeFranco et al. (2011), which is deemed to be more appropriate because it represents the qualitative characteristics of financial statements from a user’s perspective, i.e., investors, who evaluate historical performance and predict future performance in their investment decisions; it uses a broader scope of institutional investors; and it covers IFRS adoption in countries outside the EU for a longer observation period.

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