Indonesia Looking at Levy on Coal Exports to Boost State Coffers
The tariff would only be collected from miners when coal prices are high, with authorities still determining what level that would be, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters after a parliamentary hearing in Jakarta on Monday. He also said a similar levy on gold exports was being considered.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
China's birthplace of kung fu rocked by embezzlement probe
Chinese authorities are investigating the head of the temple where kung fu was born over alleged embezzlement and other misconduct, the monastery said. Abbot Shi Yongxin, known as the "CEO monk" for establishing dozens of companies abroad, is suspected of "embezzling project funds and temple assets", the Shaolin Temple said in a statement on WeChat Sunday. It said Shi had "seriously violated Buddhist precepts", including by allegedly engaging in "improper relationships" with multiple women. "Multiple departments" were conducting a joint investigation, the temple said. Shi has previously been accused by former monks of embezzling money from a temple-run company, maintaining a fleet of luxury cars and fathering children with multiple women. China's government exercises authority over the appointment of religious leaders, and "improper" conduct is often grounds for removal from office. A hashtag related to the temple scandal had been viewed over 560 million times on social media platform Weibo, as of Monday morning. The last post to the abbot's personal account on Weibo declared: "when one's own nature is pure, the pure land is here in the present". Shi faced similar allegations in 2015 which the temple called "vicious libel". Shi, 59, took office as abbot in 1999 and in the following decades expanded Shaolin studies and cultural knowledge overseas. He helped the temple establish dozens of companies -- but received backlash for commercialising Buddhism. The temple, established in AD 495, is known as the birthplace of Zen Buddhism and Chinese kung fu. Shi was first elected vice-chairman of the Buddhist Association of China in 2002 and has served as a representative to the National People's Congress, the country's top lawmaking body. mya/oho/tym
Wall Street Journal
11 minutes ago
- Wall Street Journal
Samsung Signs $16.5 Billion Chip Supply Contract With Tesla
Samsung 005930 3.11%increase; green up pointing triangle Electronics will manufacture semiconductors for Tesla TSLA 3.52%increase; green up pointing triangle in a $16.54 billion multiyear deal, marking a major win for its sluggish foundry business. The South Korean technology giant said in a regulatory filing Monday that the contract, equivalent to 7.6% of its 2024 revenue, will run until the end of 2033. It didn't identify the client, citing a confidentiality agreement that also kept other terms undisclosed.
Yahoo
22 minutes ago
- Yahoo
Alibaba Cloud Founder on Silicon Valley Talent Grab
Alibaba Cloud Founder and Zhejiang Lab Director, Wang Jian, has spoken exclusively to our Asia Tech Correspondent Annabelle Droulers about the huge pay packets being offered to hire or poach Artificial Intelligence talent from companies. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
