News

Progress Of The Depok-Antasari Toll Road
07 Aug 2018
Depok-Antasari or Desari Toll Road is a highway in Indonesia, connecting South Jakarta with Depok and Bogor . This toll road extends from Jalan Pangeran Antasari of South Jakarta to Depok. The toll road will be extended to Bogor, precisely to Bogor Ring Road and Bogor-Ciawi–Sukabumi Toll Road. https://en.wikipedia.org/wiki/Depok%E2%80%93Antasari_Toll_Road
LRT Development For Asian Games Progresses To 90 Percent
07 Aug 2018
Transportation Minister Budi Karya Sumadi said the progress of the light rail transit (LRT) project development has progressed to 90 percent. Budi explained the dynamic test had been underway. President Joko Widodo (Jokowi) is con­firmed to officially introduce Indonesia`s ­rst fully operational light rail transit (LRT) in mid-July in Palembang. The soon-to-be inaugurated LRT will connect the Jakabaring Sports City to the Sultan Mahmud Badaruddin II Airport. Palembang, which will co-host the 18th Asian Games together with Jakarta next month, is now ready for the largest Asian sporting event. In order to ascertain its readiness to host the sporting events, President Joko Widodo, who is commonly known as Jokowi, has inspected the sports facilities and venues in the city. South Sumatra Governor Alex Noerdin greeted Jokowi upon his arrival, after which the president proceeded to the Jakabaring Sport Arena. As part of his trip to Palembang, the president is also expected to inaugurate the rowing track for the Asian Games in Jakabaring. According to Public Works and Public Housing (PUPR) Minister Basuki Hadimoeljono, all venues for the 2018 edition of the games in Jakabaring Sport City have been completed and are now ready to host the sporting events.   https://en.tempo.co/read/news/2018/07/12/056919919/LRT-Development-for-Asian-Games-Progresses-to-90-percent 
Top 15 Carriers In 2017
27 Feb 2018
The total vessel capacity operated by the top 15 container carriers grew by 12.6% in the last year. Over the course of 2017, the same carriers’ combined share of the global container ship capacity increased from 78.6% to 85.1%, as the top 15’s grip of the global container trades continued to strengthen. The 15 carriers grew their operated capacity from 16.27 Mteu in 2017 to 18.32 Mteu on 1 January 2018 to, based on Alphaliner records. This ­gure includes capacity operated by companies that were acquired during the period. Over the same period, the global liner capacity increased by 3.9% from 20.69 Mteu to 21.51 Mteu. However, not all of the carriers recorded gains, as two carriers posted reductions in their operated capacity. The biggest loser was Hyundai Merchant Marine (HMM), whose capacity fell by 23.9% from 456,000 teu in 2017 to 347,000 teu at the beginning of 2018. The reduction was due mainly the withdrawal of numerous HMM ships from the Asia - Europe and Asia - East Coast of North America routes. The ships were chartered out to Maersk and MSC under a strategic cooperation agreement, known as 2M+HMM, that took effect on 1 April 2017.             In contrast, the main gainer last year was the Maersk Group, whose operated capacity grew by 26.8% to reach 1.80 Mteu on 1 January 2018, up from 1.62 Mteu twelve months earlier. In case of Maersk, the recent takeover of the German carrier Hamburg Süd contributed a large part of the capacity increase. Without the purchase however, Maersk would still have grown organically by some 10%. Meanwhile, the idle containership ­eet of over 500 teu has fallen to 99 ships for 377,784 teu as at 8 January, down significantly compared to the same time last year when 351 ships for 950,000 teu were unemployed. The remarkable change in fortunes for the classic panamax sector continues to drive the fall in the idle fleet, with only 13 units of 3,000-5,100 teu units are presently unemployed compared to 99 units at the same period last year.
PSA Posts 9% Volume Growth In 2017
27 Feb 2018
PSA International Pte Ltd is one of the world's largest port operators. PSA participates in port projects across Asia, Europe, and America; with ­flagship operations in PSA Singapore and PSA Antwerp. PSA International Pte Ltd (PSA) handled 74.24 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2017. The Group’s volume increased by 9.8% over 2016, with ­flagship PSA Singapore Terminals contributing 33.35 million TEUs (+9.0%) and PSA terminals outside Singapore handling 40.89 million TEUs (+10.4%). Mr Tan Chong Meng, Group CEO of PSA, said, "In 2017, the global economy saw some recovery and bright spots of growth although the shipping industry continued to face challenges as the huge wave of consolidation and alliancing in 2016 began to manifest its full effects operationally. The word ‘disruption’ has moved from being a buzzword to being the norm for most industries, re­ecting the accelerated pace of change and leaving no industry untouched. As far as PSA's home port is concerned, Singapore as a whole is back on track with a year-on-year growth of 8.9% - presumably helped by CMA CGM's acquisition of APL and a subsequent shift of transhipment volumes from Port Kelang to Singapore. As one of the leading global port groups, PSA participates in around 40 terminals in 16 countries across Asia, Europe and the Americas with ­agship operations in PSA Singapore Terminals and PSA Antwerp.
World's Largest Automated Container Terminal Opens In Shanghai
27 Feb 2018
China started trial operations of the world's biggest automated container terminal, the Shanghai Yangshan Deep Water Port, in eastern China earlier this month. The automated handling equipment used in the project are designed and manufactured in China. Shanghai Zhenhua Heavy Industries Company is responsible for making the machinery used in loading and unloading, including a bridge crane, an automated guided vehicle (AGV) and a rail-mounted gantry crane. The port also used a domestically developed automated management system to ensure safety and efficiency. So far, the first set of machinery, including 10 bridge cranes, 40 rail-mounted gantry cranes and 50 AGVs, have been tested and put into trial operations. In future, there will be 26 bridge cranes, 120 rail-mounted gantry cranes and 130 AGVs available at the Yangshan automated container port. The terminal will help boost Shanghai port's standing as the busiest container port in the world.   http://www.straitstimes.com/asia/east-asia/worlds-largest-automated-container-terminal-opens-in-shanghai
Indonesia Relaxes Import Regulations For 6 Commodities
27 Feb 2018
  Trade Minister Enggartiasto Lukita said recently that he had signed six regulation drafts to relax import procedures and requirements for six types of commodities in a bid to help small and medium enterprises (SMEs) procure raw materials. The drafts will be passed to the Law and Human Rights Ministry for validation and are expected to be applicable early next year, he added. The policy will allow SMEs to import small amounts via traders with general import permits, API-U holders or via PBL (logistics bonded zones). However, small and medium business entrepreneurs still need to show their taxpayers numbers (NPWP) and business identity numbers to the API-U holders. The six categories are : Used machinery or capital goods of up to five units per shipment; Food and beverages of up to 500 kilograms except confectionaries per delivery, traditional medicine and health supplements up to 500 kilograms per delivery and electronics of up to 10 pieces per delivery; Forestry products that do not require recommendation letters from the Environment and Forestry Ministry; Raw materials for plastics up to 5 tons per delivery; glasses of up to 50 pieces per delivery without a surveyor report; Raw materials for medicine, food and cosmetics with less certification requirements; Certain meat products.   http://www.thejakartapost.com/news/2017/12/21/indonesia-relaxes-import-regulations-for-6-commodities.html
The Financial Impact of Sovereign Debt Around the World - 2017
27 Feb 2018
How Rich Is the Indonesian Government?
27 Feb 2018
The Indonesian government lays claims to assets ranging from the Presidential Palace in Jakarta, roads and bridges in Kalimantan to rudimentary gutters for irrigation in remote corners of Papua, as well as shares in various state-owned enterprises. Keeping track of their value — lands, buildings and other physical infrastructures across the country — requires resources that the government can only aff­ord to spare once every decade. In 2016, the government's entire assets were then valued at Rp 5,285 trillion, thanks mainly to investments in SOEs and rising stock prices, as well as equity in international institutions Asian Infrastructure Investment Bank and Asian Development Bank. Meanwhile, the government had amassed debts of more than Rp 4,637 trillion, almost triple what it owed in 2010, in order to aff­ord spending more in energy subsidies, defense, education and infrastructures. This can make the government's net worth appears smaller than it really is. So, in August last year the government launched a new asset revaluation to update the values of 934,409 government assets, comprising 108,525 plots of land, 444,801 buildings and 391,075 roads and irrigation systems in Indonesia and abroad. The responsibility to account for all of the government's fixed assets falls on Isa Rachmatarwata, the director general of state assets at the Finance Ministry, who already feels the weight of how complicated and time-consuming the revaluation process can be. By the end of last year, the team had only managed to revaluate 38 percent of the government's total assets, or 365,242 items, with an estimated value of Rp 2,499 trillion. That suggests an ample upside to the government's total asset value once Isa and his team completed their task.   http://jakartaglobe.id/business/rich-indonesian-government-really/