Environment
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World News
Indonesia Imposes Moratorium on New Hotel Construction in Bali to Combat Overdevelopment
Indonesia has announced a suspension on the construction of new hotels in specific areas of Bali due to rising concerns over overdevelopment in this iconic tourist hotspot. As tourism in Bali rebounds following the Covid pandemic, local officials are increasingly worried about the strain that visitors are placing on infrastructure, the environment, and cultural heritage. Hermin Esti, a senior official…
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Investing
ESG Investing Through Mutual Funds: Impact Beyond the Buzzword
The world of investing is increasingly embracing the concept of Environmental, Social, and Governance (ESG) factors. But for many, the question remains: what’s the real impact of ESG investing through mutual funds? Does it truly contribute to positive change, or is it just a marketing ploy? This article dives deep into the world of ESG mutual funds, exploring their potential…
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World News
Love Bali, Pay the Fee: Island Paradise Introduces $10 Tourist Tax
Bali, the “Island of the Gods” renowned for its stunning beaches, vibrant culture, and spiritual allure, is set to implement a new $10 entry tax for all foreign tourists starting February 14th, 2024. This move aims to protect the island’s environment, support local communities, and ensure Bali’s long-term sustainability. Love Bali, Pay the Fee: Officially named the “Bali Tourism Improvement…
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