Our companies must not cross “bright red line” on corruption: Temasek Holdings

Temasek called on firms it has stakes in not to cross "red line" after a bribery scandal at Keppel Corporation.

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Accountability is associated with fulfilling the obligation of the rulers to provide reasons for responsibilities and authority granted. In other words, the principals who have transferred and delegated power have certain rights to demand answers for conduct and policies made by the agents. This makes clear that a robust mechanism of accountability has a positive …

Platform Banking: The way to the future for Islamic Banking

Islamic banking is entering the state of irrelevance, or impasse. Many countries adopting dual banking system are witnessing the growth of Islamic banking sector stagnating. Indonesia for instance is growing at single digit in 2017, much lower than its peak of 47% in 2011, or 15-20% in the last three years. The growth of innovative …

The Politics of Sharia Law: Islamist Activists and the State in Democratizing Indonesia

The period of study was 1945-1998. ‘Jakarta Charter’ was not included in the constitution, and a secular constitution for Indonesia was adopted. A ‘new order’ military dictatorship in 1965 saw the perpetuation of the secular-nationalist elites’s domination of the bureaucracy and military. Although movements based on ‘political Islam’ or Islamist movements were convenient allies of …

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