Doddy Riyadi, official at the Indonesian Economic Development Committee (KP3EI), said that logistics costs in Indonesia are expected to have fallen three to four percent by the year 2015. Currently, Indonesia is characterized by relatively high logistics costs, thereby reducing the competitiveness of Indonesian products on the international market (curbing exports) as well as, generally, causing a less attractive investment climate. The primary cause of high logistics costs is Indonesia’s lack of quality and quantity of infrastructure.
3 April 2020 (closed)
USD/IDR (16,464) -277.01 -1.65%
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Update COVID-19 in Indonesia: 1,986 confirmed infections, 181 deaths (3 April 2020)