• Wednesday, March 20, 2019

Indonesia Economy Forum

Discussion in 'China & Far East' started by Pirupiru, Jul 26, 2012.

  1. Bungaterakhir

    Bungaterakhir FULL MEMBER

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    State lender BNI to open branch office in Melbourne
    [​IMG]
    The Financial Services Authority (OJK) and the state government of Victoria, Australia, are paving the way for state-owned lender Bank Negara Indonesia (BNI) to open a branch office in Melbourne, the state’s capital city.

    The plan was discussed in a business meeting attended by OJK chairman Muliaman D. Hadad and Victoria Treasurer Tim Pallas in Melbourne on Friday.

    BNI treasury director Panji Irawan and Indonesia’s Consulate General in Melbourne Dewi Sawitri Wahab also attended the meeting, which is a follow up of a memorandum of understanding (MoU) signed by the OJK and Victoria state on March 16.

    “The OJK has delivered the plan of opening a BNI’s branch office to the government of Victoria and the Australian banking authority, and now it is BNI’s task to continue the process,” Muliaman said in an official statement.

    Source : jakartapost
     
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  2. Bungaterakhir

    Bungaterakhir FULL MEMBER

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    First Jakarta- Los Angeles Cargo route launched in Tanjung Priok

    [​IMG]
    Indonesia's main shipping gateway, Tanjung Priok Port in North Jakarta, launched the first ever route connecting Jakarta and Los Angeles in the United States to boost its strategic standing as an international seaport.

    Total loading and unloading volume in the past three weeks saw a continuous increase with an average of 2,100 twenty-foot equivalent units (TEUs).

    Pelindo II president director Elvyn G. Masassya said the route takes a maximum 23 days' voyage, faster than normal route times, which often exceed 30 days. He added it would also save 10 to 20 percent in costs compared to shipping via Singapore.

    The route, served by French shipping line CMA CGM, will deploy 17 container ships at a maximum window time of 24 hours.

    The arrival of this ship will hopefully encourage other lines and ships to stop at this competitive transhipment port in Asia," Elvyn said

    source : thejakartapost
     
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  3. Marine Rouge

    Marine Rouge ELITE MEMBER

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    President Jokowi inaugurates new Mitsubishi factory in Bekasi
    19 minutes ago | 76 Views
    [​IMG]
    President Joko Widodo (Jokowi) with the Board Mitsubishi Motors Corporation at Mitsubishi Motors Krama Yudha Indonesia (MMKI) in Cikarang, West Java, Thursday (April 25, 2017). (ANTARA News)

    Cikarang (ANTARA News) - President Joko Widodo (Jokowi) inaugurated a new factory of PT Mitsubishi Motors Krama Yudha Indonesia in Bekasi, West Java, on Tuesday.

    At the event President Jokowi was accompanied by Industry Minister Airlangga Hartarto, Minister/State Secretary Pratikno, Head of the Capital Investment Coordinating Board Thomas Lembong, Vice Governor of West Java Dedy Mizwar, and the chairman of PT Mitsubishi Motors Krama Yudha Indonesia.

    The president inaugurated the new factory of Mitsubishi Motors by pressing a siren button.

    Earlier, President Director of PT Krama Yudha Tiga Berlian Motors Hisashi Ishimaki had explained that the process of the new factorys development was on schedule without any obstacles.

    "Similar to our earlier commitment, the factory will be ready for production by April 2017. Its capacity reaches 160 thousand units per year, comprising 80 thousand units of small multipurpose vehicles, 30 thousand units of Pajero Sport, and 30 thousand units of L300," Ishimaki added.
    (Uu.O001/INE/KR-BSR)

    http://www.antaranews.com/en/news/1...-inaugurates-new-mitsubishi-factory-in-bekasi

    Indonesia has become automotive industry investment destination
    6 minutes ago | 22 Views
    [​IMG]
    Minister Airlangga Hartarto. (ANTARA/Robert)

    Cikarang (ANTARA News) - The country has become the automotive investment destination, with the national production target set at some 2.5 million units in 2020, Indonesian Minister of Industry Airlangga Hartarto stated.

    "There are three big industries -- Mitsubishi Motor Krama Yudha Indonesia (MMKI), Suzuki, and Shanghai Wuling -- in this cluster. This indicates that Indonesia is a good investment destination for the automotive industry and offers the perfect momentum to accelerate the industrys development," Hartarto noted in his report while attending the opening ceremony of MMKIs new factory in Cikarang, West Java, on Tuesday.

    According to Hartarto, the national automotive production market reaches 1.1 million units, with 200 thousand being exported.

    Moreover, the industry has also employed a workforce of around three million in Indonesia.

    Airlangga said the automotive industry has become one of the main sectors in the current national industry policy that contributes significantly to the gross domestic product (GDP).

    In 2016, the automotive industry had contributed around 10.47 percent to the overall non-petrol GDP.

    The contribution is the third largest on the list after the food and beverage industry, with 32.84 percent followed by the metal, computers, electronics, optics, and appliances industry, which contributed 10.71 percent.

    "This is the reason why the automotive industry will continue to be pushed forward, so it can contribute more to the national economy," Hartarto remarked.

    He pointed out that an economic growth of above five percent could benefit the industry amid the sluggish global economic growth.

    Meanwhile, MMKI inaugurated a new factory in the Greenland International Center, Central Cikarang, West Java.

    According to Hartartos statement, MMKI, with an investment of Rp7.5 billion, has a production capacity of 160 thousand units per year and employs a workforce of three thousand people.

    (Reported by Agus Salim/L.A039*B019/Uu.Ian/KR-MBR/INE/KR-BSR/O001)



    less talk and do more, Indonesia will become the main competitor for automotive industries in the region will be head to head against India and Thailand

    @Nilgiri
     
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  4. Nilgiri

    Nilgiri ELITE MEMBER

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    Excellent. More competition is very much welcome. Asia can never afford to be pure captive market anymore for any industry.

    In India ...Toyota Qualis imported from Indonesia back in the day (I think early 2000s era) was very good quality I remember (drove it around to visit our family relatives/properties/ancestral villages etc...where roads weren't the best back then).
     
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  5. Marine Rouge

    Marine Rouge ELITE MEMBER

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    thats called Kijang backhome

    2000-toyota-qualis_600x0w.jpg

    this is one of the best Kijang variant with good all around aspect.

    I dont know if Indonesia Toyota Astra Motor still exporting Kijang variants to India, as this new variant got many positive review at home and abroad

    cd4629140283619078923.jpg
     
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  6. Nilgiri

    Nilgiri ELITE MEMBER

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    That one is called Toyota Innova (Gen 2) in India...it is assembled in Toyota India...not sure what the component supply chain is like though.

    Only Toyotas imported into India now are land cruiser and camry hybrid I believe.
     
  7. patu

    patu FULL MEMBER

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    I do hope that the goverment built this kind of port at the other part of the nation in future especially in the midle east of indonesia.
     
  8. Marine Rouge

    Marine Rouge ELITE MEMBER

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    [​IMG]
    Cuba calls for Indonesian investment in paper industry
    Selasa, 25 April 2017 21:01 WIB - 0 Views

    Reporter: Genta Tenri Mawangi

    [​IMG]
    Ambassador Nirsia Castro Guevara (right) at Merdeka Palace, Jakarta. (ANTARA/Widodo S. Jusuf)

    Jakarta (ANTARA News) - The Ambassador of Cuba to Indonesia Nirsia Castro Guevara said here on Tuesday that her government welcomes Indonesian investment in supporting Cuban pulp and paper industries.

    "Unlike Indonesia, Cuban paper industry has yet to be optimized. Therefore, it would be interesting if Indonesian companies could take this investment opportunity," Nirsia stated at the Embassy of Cuba to Indonesia in Jakarta.

    The ambassador, earlier on Friday in a media gathering held by the embassy, noted that the bilateral relation between Indonesia and Cuba needs to be improved by implementing reciprocal measures in various sectors.

    "I believe the two governments could involve in mutual action; for example, Indonesia has plenty of experience in establishing its paper mill industry, while Cuba has been advanced in developing its universal healthcare system," she noted.

    The ambassador added that her government now has developed a preventive healthcare system which is very important to control many infectious diseases, including diarrhea and ebola.

    " Cuba could share its knowledge on preventive healthcare system, which has been adopted in Africa to fight Ebola, regarfing the high rate of mortality because of infectious diseases such as diarrhea in Indonesia, "she reiterated.

    She further added that Indonesian investors could visit Cubas International Trade Fair, which is held annually in Oct to know more about investment opportunity in the country.

    "The trade fair facilitates Cuban companies to meet foreign investors from many countries, including South Korea, China, and Malaysia. During last years event, there were two participants from Indonesia," she stated.

    During the event, the ambassador also promoted Cubas tourism by promoting several attractions, including salsa and ballet dance festivals, as well as introducing some of the beautiful natural landscapes and historical heritages.

    "The idea is to develop multifaceted and diverse tourism not only to exhibit the natural landscape but also the heritage and healthcare system as tourist attractions," the ambassador pointed out.
    (Uu.KR-GNT/INE/KR-BSR/A014)
    Editor: Priyambodo RH

    COPYRIGHT © ANTARA 2017
     
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  9. Bungaterakhir

    Bungaterakhir FULL MEMBER

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    Soekarno-Hatta airport`s skytrain to arrive in May
    [​IMG]
    Tangerang, Banten (ANTARA News) - The driverless skytrain or automated people mover system for Soekarno-Hatta international airport would arrive from South Korea on May 15.

    "The first train will arrive from South Korea on May 15. The delivery process started this week, and by mid-May, it will arrive in Jakarta," Director of Technical and Operational of state-owned airport operator PT Angkasa Pura II Djoko Muratmodjo said here on Tuesday.

    The skytrain is built by state-owned company PT LEN in cooperation with Woojin from South Korea, while the infrastructure will be handled by state-owned construction company PT Wijaya Karya Tbk and PT Indulexco. (*)

    [​IMG]
    [​IMG]
    [​IMG]

    Source : Antaranews

    Government to ease laws on local products
    [​IMG]
    Jakarta (ANTARA News) - The government will ease several regulations on local products, so they can meet the standards already set in the Technology Readiness Level, Coordinating Maritime Affairs Ministrys Deputy Ridwan Djamaluddin stated here, Wednesday.

    "We will simplify some laws on product and technology applications, including on the certification procedures," he noted in Jakarta.

    The problem being currently faced is that several local products have yet to penetrate the national market owing to administrative and procedural issues.

    Hence, most people choose to import products rather than purchasing local goods.

    "After relaxing some regulations, we hope these local products would be able to penetrate the market, and people will leave out the option of buying imported goods," he remarked.

    source : antaranews
     
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  10. Marine Rouge

    Marine Rouge ELITE MEMBER

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    Australia, Indonesia agree to conclude IA-CEPA talks by end of year
    • Ahmad F. Bayuny
      The Jakarta Post
    Jakarta | Thu, April 27, 2017 | 09:21 am
    [​IMG]President Joko "Jokowi" Widodo and his counterpart Prime Minister Malcolm Turnbull speak after an event on Feb. 26, the last day of Jokowi's first state visit to Australia (Courtesy of/The Presidential Office )
    The Australian and Indonesian governments have agreed to conclude the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) by the end of this year.

    “We agree with the Indonesian government to conclude the negotiations in December. We will do everything to reach the target,” said Steven Barraclough, minister-counselor of economics, investment and infrastructure at the Australian Embassy in Jakarta, on Wednesday.

    Barraclough said the talks should explore profitable businesses and mutual interests for both countries. He said, for example, that Australian companies might develop their factories in Indonesia to benefit from low production costs.

    “The production cost is very high, whereas Indonesia’s production costs are low. Therefore, we can make an agreement to produce Australians goods and sell them to a third party,” Steven added.

    The IA-CEPA is designed to create a framework for closer economic engagement between the two countries, creating new opportunities and markets for Australian and Indonesian exporters.

    The visit of President Joko “Jokowi” Widodo to Australia in February opened the way for further discussions over the IA-CEPA. During the visit, Jokowi promised to abolish or cut a number of tariff and non-tariff barriers.

    The Indonesian pesticides and herbicides industry has already benefitted from the talks as Australia has pledged to lower its tariffs on Indonesian products in response to Indonesia’s removal of a tariff on Australian sugar.

    According to the Australian Department of Foreign Affairs and Trade, two-way trade between the two countries reached A$15.3 billion (US$11.7 billion) in 2016. (bbn)

    The writer is an intern at The Jakarta Post.

    http://www.thejakartapost.com/news/...to-conclude-ia-cepa-talks-by-end-of-year.html
     
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  11. Marine Rouge

    Marine Rouge ELITE MEMBER

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    Indonesia has become automotive industry investment destination
    Selasa, 25 April 2017 18:49 WIB - 0 Views

    [​IMG]
    Minister Airlangga Hartarto. (ANTARA/Robert)

    Cikarang (ANTARA News) - The country has become the automotive investment destination, with the national production target set at some 2.5 million units in 2020, Indonesian Minister of Industry Airlangga Hartarto stated.

    "There are three big industries -- Mitsubishi Motor Krama Yudha Indonesia (MMKI), Suzuki, and Shanghai Wuling -- in this cluster. This indicates that Indonesia is a good investment destination for the automotive industry and offers the perfect momentum to accelerate the industrys development," Hartarto noted in his report while attending the opening ceremony of MMKIs new factory in Cikarang, West Java, on Tuesday.

    According to Hartarto, the national automotive production market reaches 1.1 million units, with 200 thousand being exported.

    Moreover, the industry has also employed a workforce of around three million in Indonesia.

    Airlangga said the automotive industry has become one of the main sectors in the current national industry policy that contributes significantly to the gross domestic product (GDP).

    In 2016, the automotive industry had contributed around 10.47 percent to the overall non-petrol GDP.

    The contribution is the third largest on the list after the food and beverage industry, with 32.84 percent followed by the metal, computers, electronics, optics, and appliances industry, which contributed 10.71 percent.

    "This is the reason why the automotive industry will continue to be pushed forward, so it can contribute more to the national economy," Hartarto remarked.

    He pointed out that an economic growth of above five percent could benefit the industry amid the sluggish global economic growth.

    Meanwhile, MMKI inaugurated a new factory in the Greenland International Center, Central Cikarang, West Java.

    According to Hartartos statement, MMKI, with an investment of Rp7.5 billion, has a production capacity of 160 thousand units per year and employs a workforce of three thousand people.

    (Reported by Agus Salim/L.A039*B019/Uu.Ian/KR-MBR/INE/KR-BSR/O001)
    Editor: Priyambodo RH

    COPYRIGHT © ANTARA 2017
     
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  12. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Widodo wants Chinese to keep coming – as investors, not workers

    Indonesian President Joko Widodo wants Chinese investors in his country to build a name as long-term partners that create jobs for locals, the way Hong Kong firms have done.

    [​IMG]

    In an interview with This Week in Asia ahead of his visit to the city on Sunday, he highlighted the phenomenal growth of Chinese investments in Indonesia, which rose more than 300 per cent from 2015 to US$2.7 billion last year.

    “I have conveyed to investors from China that they should not bring too many of their own workers into the country as we in Indonesia already have a lot of untapped labour,” he said. “If it is technical expertise, they are welcome to bring their own, but Indonesia has a lot of workers.”

    Widodo, the first self-made entrepreneur to be elected to the highest office of Asia’s third-largest nation, is known as a pragmatist. He also has a reputation for pushing back against ethnic and religious nationalism.

    Indonesia has had a complex relationship with its tiny ethnic Chinese community, which includes some of the country’s biggest tycoons. Anti-Chinese sentiment is occasionally whipped up by hardliners.

    This month, the ethnic Chinese and Christian governor of Jakarta, Basuki Tjahaja Purnama, lost the gubernatorial election after a campaign marked by inflammatory racial and religious appeals to the Muslim majority.

    [​IMG]Joko Widodo, president of Indonesia, gives an exclusive interview to This Week in Asia. Photo: Thomas Yau

    The recent wave of mainland Chinese investors – mostly in manufacturing, ports, transport, electricity, mining and construction – has also ruffled feathers.

    China leapfrogged from being the 9th largest investor in 2015 to third place last year, behind Singapore and Japan. But the 4,000-odd Chinese projects have been dogged by rumours of millions of Chinese workers brought into the country illegally. The government has tried to counter such claims with data showing that only 31,000 Chinese workers entered last year, with 21,000 of them on temporary work passes. Labour unions are not convinced.

    In the interview at the presidential palace in Jakarta, Widodo made clear that Chinese investors would continue to be welcomed, but also stressed the need to show their commitment to Indonesia by phasing out their own workers and localising their manpower and management.

    [​IMG]Indonesian President Joko Widodo and the general manager of China Railway Corporation Sheng Guangzu at a groundbreaking ceremony for the Jakarta-Bandung railway line in West Java. Photo: Reuters

    He held up Hong Kong firms as a positive example. “Our Hong Kong investors are very strong. They believe in long-term investment. They respect our laws, they respect our culture and society,” he said.

    Last year, Hong Kong was the fourth-largest investor, at US$2.2 billion. While mainland China is relatively new to the scene, Hong Kong has been among the top 10 investors for nearly two decades. Many Hong Kong investors took significant stakes in Indonesian companies that needed to be bailed out during the Asian financial crisis of 1997.

    Widodo cited Jardine Matheson, which has a big stake in Indonesia’s Astra International. Astra is Southeast Asia’s largest independent automotive group, with more than 214,000 workers – and has only one expatriate on its board.

    “This shows the human resources capabilities Indonesia can deliver,” Widodo said.

    He also referred approvingly to a mainland Chinese company engaged in nickel smelting in Sulawesi. It halved its Chinese workforce from 2,000 within a year. All Chinese workers are to be sent back when the plant is fully operational. “That’s the point of investment,” he said.

    Widodo’s aggressive plan to transform Indonesia’s infrastructure dovetails with China’s belt and road initiative to link economies into a China-centred trading network. Chinese investors’ interest perked up after President Xi Jinping (習近平) visited the republic in 2013 and became the first foreign leader to address the Indonesian parliament. Widodo has met Xi at least five times and is among the heads of state expected to attend next month’s Belt and Road Summit in Beijing. He said he was keen to hear more details and how Indonesia could “accrue more benefits” from the initiative.

    [​IMG]Chinese President Xi Jinping with Indonesian President Joko Widodo in Beijing. The pair have met at least five times. Photo: AFP

    Widodo also addressed the controversy surrounding the recent Jakarta gubernatorial election, which most observers have taken as a worrying sign of the growing appeal of hardline Islamists in the world’s largest Muslim-majority nation – possibly jeopardising his own re-election bid in 2019.

    Widodo brushed aside such fears: “Our diversity is still strong. But in elections, emotions are always inflamed.”

    He noted that Indonesia was more than just Jakarta. “This year, we will have 101 local elections – 101! And next year, there will be 171 local elections,” he said. “My responsibility now, after the elections, is to bring society back together again to be united and work together to develop the country.”

    During his two-day visit to Hong Kong, Widodo will hold several closed-door meetings with business leaders. A one on one with Hong Kong’s richest man, Li Ka-shing, is scheduled for Monday, the Post has learnt. Also in the works is a meeting with at least eight prominent businessmen, including Robert Kuok of the Kerry Group and leaders of the Hutchison group, Swire, HSBC and Bank of China.

    http://www.scmp.com/week-asia/geopo...nts-chinese-keep-coming-investors-not-workers
     
    Last edited: Apr 29, 2017
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  13. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Jokowi, Duterte launch Davao-GenSan-Bitung RoRo route

    Presiden Joko Widodo bersama Presiden Filipina Rodrigo Roa Duterte meresmikan layanan Kapal Ro-Ro Davao-General Santos-Bitung di Kudos Port, Davao, Filipina, Minggu (30/4/2017). Rute ini diharapkan meningkatkan konektivitas Indonesia-Filipina maupun kawasan ASEAN.

    jokowi1.jpg jokowi2.jpg jokowi3.jpg jokowi4.jpg
     
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  14. pr1v4t33r

    pr1v4t33r SENIOR MEMBER

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    Jokowis at Madame Tussauds, Hong Kong

    jokowi1.jpg
    jokowi2.jpg
     
    Last edited: May 2, 2017
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  15. MarveL

    MarveL FULL MEMBER

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    The latest position of Super Roro 12, ini sepertinya kapal pilipine ya? bukan punya kita?

    Manado.jpg


    Super Shuttle RORO leaves for Bitung with only 1% cargo load

    APRIL 30, 2017

    DAVAO CITY (MindaNews / 30 April) — M/V Super Shuttle RORO 12, the vessel servicing the Davao-GenSan-Bitung route left for the Indonesian port Sunday, loaded with only one percent of its 500-TEU (twenty-foot equivalent unit) total cargo capacity.

    The route was launched by Philippine President Rodrigo Duterte and Indonesian President Joko Widodo

    [​IMG]
    President Rodrigo Duterte and Indonesian President Joko Widodo launched the Davao-Gensan-Bitung ASEAN RORO Route on 30 April 2017 at Kudos Port, Sasa, Davao City. MindaNews photo by MANMAN DEJETO

    Kim Pancho, Davao branch manager of Asian Marine Transport Corp., told reporters after the launch at the Kudos Port in Sasa here Sunday that the inaugural voyage only carried five TEUs and 50 20-foot empty container vans that will be repositioned at the port in Bitung.

    He said it costs the shipping company P10 million per trip. The shipping schedule, according to earlier announcements, is weekly.

    Super Shuttle is expected to arrive in Bitung, North Sulawesi on May 2.

    The Aboitiz-led Pilmico Foods Corp., a flour milling company, was the only company that committed to ship its product during the inaugural voyage. But Pancho said more cargo load is expected during the second voyage, following the interest of the companies to take advantage of the shorter route.

    “Actually, the Bitung side (exporters) has committed. There will be more after the second voyage,” he said.

    [​IMG]
    Indonesian President Joko Widodo (L) and President Rodrigo Duterte (R) view the vessel that will ply the Davao-Gensan-Bitung Route during the launch of the ASEAN RORO service on 30 April 2017 at Kudos Port, Sasa, Davao City. MindaNews photo by MANMAN DEJETO

    Shipment period for this route takes only about 1.5 to two days compared with five weeks for the Davao-Manila-Jakarta-Bitung route, Pancho said.

    The shipment cost of the Davao-GenSan-Bitung route is also cheaper at P34,713 per TEU compared with P109,098 per TEU for the Davao-Manila-Jakarta-Bitung route.

    He urged traders to use this RORO route and sought help from both governments of Indonesia and Philippines to relax the process of securing permits.

    He said they are asking the government here for a fuel subsidy to help sustain the operations. (see other story)

    Products that can be exported to Indonesia include animal feeds, aqua products, charcoal, coffee beans, construction materials, copra, feed ingredients, fertilizers, food and beverages, fresh fruits, ice cream products, meats, peanuts, poultry (halal), soya, sugar, and synthetics.

    Gift toys, housewares, pharmaceuticals, and fresh fruits are restricted for now. But Pancho said they are still negotiating for fresh fruits to be exported, this being the primary export of Mindanao.

    [​IMG]
    Indonesian President Joko Widodo and President Rodrigo Duterte at the launch of the Davao-Gensan-Bitung ASEAN RORO Route on 30 April 2017 at Kudos Port, Sasa, Davao City. MIndaNews photo by MANMAN DEJETO

    Aside from Pilmico, Trade secretary Ramon Lopez also named CDO Foodsphere Inc., San Miguel Corporation, Franklin Baker, Unilever, FEMSA Coca Cola, and ACS Manufacturing as among the large companies that have signified interest to use this route.

    He said the government sees a huge and vast potential “that will spell a big difference most especially to micro, small, and medium enterprises” to trade across the borders.

    The greater connectivity, Lopez said, will broaden the expansion of trade among the ASEAN countries. (Antonio L. Colina IV / MindaNews)

    http://www.mindanews.com/business/2...oro-leaves-for-bitung-with-only-1-cargo-load/
     
    Last edited: May 3, 2017
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