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Berita Hari Ini Logistics

  • IPO News Indonesia: Trimuda Nuansa Citra Sets Offering Price

    IPO News Indonesia: Trimuda Nuansa Citra Sets Offering Price

    Cargo and logistics company Trimuda Nuansa Citra set the offering price for its shares at IDR 150 a piece in the initial public offering (IPO) on the Indonesia Stock Exchange. Considering the company offers 200 million shares to the public, it should raise IDR 30 billion (approx. USD $2.1 million) through the corporate move.

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  • Indonesia's Tanjung Priok Port Needs Feeder Ports in East Jakarta

    Indonesia's Tanjung Priok Port Needs Feeder Ports in East Jakarta

    Research institution Supply Chain Indonesia, which mainly focuses on logistics matters, requests the government to reevaluate its plan to use three ports in Banten (West Java) to take over some of the workload of Jakarta's Tanjung Priok port, Indonesia's largest seaport. Due to inefficiencies at Tanjung Priok, which handles about two-thirds of Indonesia's total international trade, dwelling time at this seaport is high and this gives rise to port congestion and high logistics costs. The government therefore wants three ports in Banten to support Tanjung Priok's trade activities.

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  • Government of Indonesia Preparing 11th Economic Stimulus Package

    Government of Indonesia Preparing 11th Economic Stimulus Package

    The government of Indonesia is currently preparing the 11th economic policy package. Chief Economics Minister Darmin Nasution told reporters that this 11th package will focus on curtailing Indonesia's logistics costs, reducing dwelling time at Indonesian harbors, and improving the investment climate of Indonesia. He expects the 11th package to be unveiled next week. Since September 2015 the Indonesian government has unveiled ten economic stimulus packages. These packages aim to boost economic growth in Indonesia through deregulation, tax incentives and by opening room for foreign investment.

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  • Indonesia's 9th Economic Stimulus Package: Logistics Costs

    Indonesia's 9th Economic Stimulus Package: Logistics Costs

    The government of Indonesia unveiled its ninth economic stimulus package on Wednesday (27/01) in an effort to boost the nation's economic growth. The ninth package aims to combat Indonesia's high logistics costs hence improving competitiveness of domestic industries while making Indonesia's investment climate more attractive. It is estimated that Indonesia's logistics costs are equivalent to around 25 percent of the nation's gross domestic product (GDP), among the highest in the ASEAN region.

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  • Paket Stimulus Ekonomi Indonesia ke-7: Fokus pada Perekonomian Desa

    Paket Stimulus Ekonomi Indonesia ke-7: Fokus pada Perekonomian Desa

    Pemerintah Indonesia saat ini mempersiapkan paket kebijakan ekonomi ke-7. Paket baru ini yang bertujuan untuk mendongkrak daya beli masyarakat dengan berfokus pada ekonomi desa. Paket ini akan memiliki dua pusat fokus utama: (1) menggunakan dana desa - dicairkan oleh Pemerintah Pusat - dengan lebih efektif, dan (2) memperbaiki logistik di level desa. Edy Putra Irawadi, Deputi Menteri Indonesia untuk Industri dan Perdagangan, mengatakan kebijakan-kebijakan baru ini akan mendongkrak daya beli masyarakat, terutama di level desa.

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  • Higher Minimum Capital Requirement for Indonesian Logistics Companies

    Higher Minimum Capital Requirement for Indonesian Logistics Companies

    Through Ministerial Regulation No. 74/2015 on Freight Forwarding and Logistics Companies, the Indonesian government will raise the minimum capital requirement for logistics companies and freight forwarders from IDR 200 million (USD $15,384) to IDR 25 billion (USD $1.9 million). The new regulation was recently signed by Indonesian Transportation Minister Ignasius Jonan and is currently at the Law and Human Rights Ministry for further evaluation. However, the new regulation met resistance.

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  • KP3EI: Indonesia’s High Logistics Costs Should Have Declined 3 to 4% by 2015

    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.

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  • World Bank: Optimizing Indonesia's Main Sea Port Tanjung Priok in Jakarta

    World Bank: Optimizing Indonesia's Main Sea Port Tanjung Priok in Jakarta

    Inefficiencies at the Tanjung Priok port, Indonesia's main port (located in the heart of Jakarta) and which handles about two-thirds of the country's international trade, are a major cause for logistics costs in the domestic economy. Indonesia's logistics costs account for about 24 percent of GDP, thus significantly higher compared to its regional peers. The long dwell time at Tanjung Priok is one of the largest concerns, particularly as trade flows continue to grow. The average import container dwell time increased from 4.8 days in 2010 to 6.4 days in 2013.

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  • Update on Floods in Jakarta: Water Subsiding but Risks Remain

    On Sunday (26/01), Indonesia's National Disaster Mitigation Agency (BNPB) reported that the floods in Jakarta have led to 23 casualties (due to drowning, electrocution or the impossibility for sick people to reach the hospital) in the last two weeks in Indonesia's capital city, while almost 28,000 people are still displaced from their homes. The good news, however, is that in many parts of Jakarta floodwaters have begun to subside since the end of last week although several neighborhoods remain flooded up to this day.

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  • Floods, LPG and Electricity Tariffs Impact on Indonesia's January Inflation

    Floods, LPG and Electricity Tariffs Impact on Indonesia's January Inflation

    Contrary to reports last week, the central bank of Indonesia (Bank Indonesia) expects that the country's January inflation rate may exceed 1 percent due to the disturbance of food products distribution amid severe floods in several cities in Indonesia, particularly Jakarta and Manado. Higher food prices are expected to add 0.3 percent to the monthly inflation rate. Apart from the flood issue, higher LPG as well as electricity tariffs (in the industry sector) will also contribute to January 2014 inflation.

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Artikel Terbaru Logistics

  • Tackling Logistics Costs: Indonesia to Cut Toll Road Ticket Prices?

    Tackling Logistics Costs: Indonesia to Cut Toll Road Ticket Prices?

    The Indonesian government is studying the possibility of cutting toll road prices for specific trucks, hence companies engaged in transportation logistics would be the key beneficiaries. The study comes after stakeholders have complained about the expensive prices that are charged by toll road operators (most of which are state-controlled companies). Indonesian President Joko Widodo said a price cut of up to 30 percent is possible. A cheaper price would improve the competitiveness in the logistics sector.

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  • Indonesian Companies in Focus: Logistics Firm Mega Manunggal Property

    Indonesian Companies in Focus: Logistics Firm Mega Manunggal Property

    Mega Manunggal Property, an Indonesia-based logistics property company that is primarily focused on the development and provision of logistics facilities related to warehouses and office buildings, is expected to see rising net income and revenue in the years ahead supported by growing demand for modern warehouses, logistics services, enhanced operational efficiency, and an increase in rental prices. Mega Manunggal Property is part of the Argo Manunggal Group, a group that is active in various sectors including textile, steel, property, mining, and insurance.

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  • Indonesian Government Offers Private Sector 27 Infrastructure Projects

    Indonesian Government Offers 27 Infrastructure Projects to Private Sector

    One of the major problems which is blocking Indonesia's economic growth is the country's infrastructure. The lack of quality and quantity of Indonesia's infrastructure causes logistics costs to rise steeply and thus makes investors (particularly the foreign ones) hesitant to invest as high logistics costs imply a weakening of the country's competitiveness. The problem of Indonesia's infrastructure is both 'hard' infrastructure (roads, airports and electricity supply) and 'soft' infrastructure (social welfare and health care).

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  • Indonesia infrastructure Update: Plans for Toll Road from Jakarta to Surabaya

    Indonesia infrastructure Update: Plans for Toll Road from Jakarta to Surabaya

    In order to improve Indonesia's intra-island connectivity on Java (and thus reduce logistics costs that are due to fragile infrastructure), the government is planning to build a toll road above the sea from the capital city of Jakarta in the western part of Java to Surabaya in East Java. Both these cities are Indonesia's centers of industrial productivity and economic growth. The 775 kilometer-long toll road, which is expected to cost about IDR 150 trillion (USD $13.3 billion), will be build by a consortium of 19 Indonesian state-owned enterprises.

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  • World Bank: Logistics Costs Reduce Economic Potential of Indonesia

    World Bank Report: Logistic Costs Reduce Economic Potential of Indonesia

    In its most recent report regarding Indonesia's economy, the World Bank states that high logistic costs form a serious impediment to the country's economic growth. The report, titled Annual Logistics Report, is compiled by Bandung Institute of Technology’s Research Center for Logistics and Supply Chains, the Indonesian Logistics Association (ALI), the STC Group, Panteia Research Institute, and the World Bank Indonesia Office. The report provides an analysis and overview of the progress made in tackling the problem of logistics in Indonesia.

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  • Groundbreaking of Sunda Strait Bridge Project Unlikely to Occur in 2014

    Sunda Strait Bridge Jembatan Selat Sunda Indonesia Investments

    Due to uncertainty over the feasibility study, it seems highly unlikely that groundbreaking of the ambitious Sunda Strait Bridge project can be conducted in 2014. There has been a long delay with the feasibility study as differences of opinion emerged over who would undertake the study and how it will be financed. Economic Minister Hatta Rajasa said that if the government considers the project to have high priority, then it should make a decision now. If not, Indonesia's next government - after the 2014 elections - will be burdened with the issue.

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  • Still Many Uncertainties Surrounding Indonesia's Sunda Strait Bridge (JSS)

    Sunda Strait Bridge - Jembatan Selat Sunda - JSS Indonesia Investments

    The Sunda Strait bridge, a planned road and railway connection between the two western Indonesian islands of Sumatra and Java, has been a dream of Indonesia's political elite since the 1960s. From both a political and an economic point of view, the connection between these two islands through physical infrastructure is a grand ideal. However, as with many other infrastructure projects in Indonesia, its realization tests people's patience.

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