Indonesia Economy Forum

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Korean investors to venture in sea transport business in Indonesia
Minggu, 13 Maret 2016 19:44 WIB | 612 Views

Jakarta (ANTARA News) - An investor from South Korea wants to invest US$80 million in shipping business in Indonesia, the Capital Investment Coordinating Board (BKPM) said.

The unnamed investor is especially interested in operating liquefied natural gas (LNG) tankers, BKPM chief Franky Sibarani said.

The Korean investor hoped to operate two LNG tankers in the country, Franky, who visited South Korea recently, said here on Saturday.

The Korean investor also opened the possibility of building terminal for gas storage, he said.

He said the prospective investor plans to visit the county to look for local partner to operate the business.

"We are not only interested in the size of investment but more important is the added value created by the investment," he said.

The investor also indicated interest in President Joko Widodos vision of developing sea toll, he said.

"The program is seen as positive in contribution to the countrys development in general," he added.

He said South Korea is one of the countries actively increasing investment in Indonesia.

South Korean investment implemented in 2015 alone reached Rp15.1 trillion in 2,329 projects. From 2010 to 2015, Korean investment in the country totaled Rp79.6 trillion.

"In the past five years, South Korea has continued to rank among five largest investors in the country," her added.

Korean investment commitments were worth US$4.6 billion in 2015 or an increase of 86 percent from 2014. (*)

Korean investors to venture in sea transport business in Indonesia - ANTARA News

 

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Pekerja menyelesaikan pembangunan proyek jalan Tol Cinere-Jagorawi (Cijago) seksi II di kawasan Margonda, Depok, Jawa Barat, Senin (14/3). Proyek tol Cijago Seksi II yakni ruas Raya Bogor-Kukusan direncanakan beroperasi pertengahan 2016. (ANTARA FOTO/Andika Wahyu)

 

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Indonesia Navigates Safely Through Uncertain Times

Indonesia, one of the best performing emerging market economies, can take its economic success to the next level by more investment, particularly in infrastructure, and finding new sources of economic growth, says the IMF in its annual assessment.

Speaking to IMF Survey, IMF Mission Chief for Indonesia, Luis E. Breuer, credits good economic management and timely reforms, particularly on fuel subsidies, for Indonesia’s favorable prospects. The country is also well positioned to cope with a challenging external environment.

But he noted that sustaining strong growth and development will require the government to push on, and even expand, its ongoing reforms to improve infrastructure, strengthen the business environment, and open up trade.

readmore: IMF Survey : Indonesia Navigates Safely Through Uncertain Times
video: Indonesia Navigates Safely Through Uncertain Times

 

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Wonderful Indonesia tourism campaign

Indonesia's Pavilion Again Bags Best Exhibitor Award At ITB Berlin 2016
Indonesias pavilion featuring a Phinisi tall ship has again won the Best Exhibitor Award for the Asia, Australia and Oceania category in the Internationale Tourismus-Borse (ITB) Berlin held in Messe Berlin, Germany, on March 9-13, 2016.

For the last two consecutive years, Phinisi has brought lucks to Indonesia as the countrys pavilion also displaying the Indonesian legendary seafaring icon, won the Best Exhibitor Award for the same category in the 2015 ITB Berlin.

Phinisi ship is a sea transportation means since time immemorial for Indonesian sailors who live in the archipelagic country, particularly South Sulawesi, which is dominated by water areas.

Taking the Phinisi ship as an icon for the Indonesian pavilion is aimed at promoting the countrys maritime tourist destinations.

Indonesia's Pavilion Again Bags Best Exhibitor Award At ITB Berlin - ANTARA News

 

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February surplus biggest in 5 years: statistics agency
After scoring a US$50.6 million trade surplus in January, the country recorded a sharp surplus increase in February to $1.14 billion, owing to a significant rise in exports amid slumping imports. Exports rose 7.8 percent month-on-month (mom) to $11.3 billion, while imports contracted 2.91 percent to $10.16 billion, according to Central Statistics Agency (BPS) data.

"Hopefully the increase indicates a recovery," BPS head Suryamin said at a press conference in Jakarta on Tuesday, adding that February’s surplus was the biggest in five years.

readmore: February surplus biggest in 5 years: statistics agency | The Jakarta Post

 

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Taiwanese investor eyeing Indonesian automotive components industry
Rabu, 16 Maret 2016 18:42 WIB | 621 Views

Jakarta (ANTARA News) - The Indonesian Investment Coordinating Board (BKPM) has identified Taiwanese investor interest in the automotive components industry, especially for the production of automotive lamps, valued at US$50 million, an official stated.

BKPM Head Franky Sibarani stated in a press release received here on Wednesday that the Taiwanese investment interest is a business opportunity that has arisen due to Indonesias investment expansion in several automotive factories.

"The investment expansion in several car factories in Indonesia will benefit its ancillary industries. To support the industry, the boards official representative in Taiwan would promote Indonesia as a location for investment in industrial sectors that support Taiwanese automotive companies," Sibarani affirmed.

The Taiwanese company and the investment board are currently identifying a suitable location for the project, which requires a land area of 10-15 hectares.

"There is a possibility of building a factory in Karawang and its surrounding area, considering that several automobile assembling factories exist in the area. But, it is still under consideration," Sibarani remarked.

Head of Investment from the Indonesian Economic and Trade Office (IETO) in Taipei Mohamad Faizal noted that the interest to produce motor vehicle lamps had earlier been preceded by investment commitment received from several motor vehicle tire production companies.

Therefore, automotive industry investment in other supporting sectors will possibly follow.

"We continue to actively promote Indonesia as an investment destination. Taiwanese investors who want to invest in Indonesias automotive industry sector can directly meet the supporting companies leaders," Faizal said.

According to Faizal, the Taiwanese company currently has two factories in Taiwan, four factories in China, a warehouse in the United States, and a research and development center in Taiwan.

The influx of investment from Taiwan is expected to support the realization of investments in 2016 valued at Rp594.8 trillion, in particular, to contribute to the Foreign Direct Investment, which is set at Rp386 trillion, or 65 percent of the total targeted investment realization.(*)
Taiwanese investor eyeing Indonesian automotive components industry - ANTARA News

Dubes Inggris: Indonesia masa depan Asia
Kamis, 17 Maret 2016 14:31 WIB | 2.006 Views
Pewarta: Ade Irma Junida

Duta Besar Inggris untuk Indonesia, Moazzam Malik (ANTARA FOTO/Wahyu Putro A)

Jakarta (ANTARA News) - Duta Besar Inggris untuk Indonesia, ASEAN, dan Timor Leste Moazzam Malik meyakini masa depan Asia tidak hanya ada di tangan Tiongkok dan India, tetapi juga Indonesia.

"Kami percaya, masa depan Asia tidak hanya di tangan India dan Tiongkok, tapi juga Indonesia. Jadi kami mau melihat Indonesia sukses. Tidak di urutan ke-10 dunia pada 2030 tapi di nomor 6 atau 7," katanya dalam Forum Dialog Investasi "Penyederhanaan Perizinan Usaha di Daerah" di Jakarta, Kamis.

Menurut Dubes Moazzam, sejak 17 bulan bertugas di Indonesia, ia banyak bertemu dengan pengusaha asing dan lokal, juga kerapkali berkunjung ke sejumlah daerah di Tanah Air.

Dari pengalaman tersebut, ia mengaku melihat potensi besar Indonesia untuk mewujudkan mimpi menjadi negara nomor 7 dunia dengan perekonomian terbesar pada 2030.

"Indonesia sudah jadi negara dengan perekonomian terbesar, nomor 16 dunia. Tapi apa Indonesia bisa mencapai posisi nomor 6, nomor 7 atau nomor 8 pada 2030 nanti? Tentu tergantung kebijakan pemerintahnya," ujarnya.

Dubes Moazzam menuturkan, dua tantangan terbesar di Indonesia adalah bagaimana memperbaiki regulasi dan infrastruktur untuk mendukung perekonomian.

Regulasi yang sederhana, konsisten dan transparan sangat dibutuhkan untuk kepastian usaha. Begitu pula infrastruktur untuk menekan biaya logistik.

"Selama beberapa tahun terakhir, ada 3.000 regulasi di Inggris yang kami sederhanakan. Jadi seriap regulasi itu, harus didiskusikan dengan semuastakeholder minimal 12 minggu. Di Indonesia juga saya percaya sama, tapi belum terimplementasikan dalam sistem," katanya.

Dubes Moazzam juga mendukung target pemerintah untuk masuk ke posisi 40 dalam daftar Ease of Doing Business (EoDB) yang disusun Bank Dunia.

Inggris sendiri, dalam laporan terakhir EoDB 2016 berada di urutan ke 8 dan terus melakukan upaya untuk bisa melesat naik ke posisi 5 untuk EoDB 2017.

Indonesia, menurut dia, masih harus bekerja lebih keras lagi untuk naik ke posisi 40 dari saat ini di urutan 109 dari 189 negara di dunia dalam EoDB.

"Indonesia naik ke urutan 109 saja, itu sudah melewati kompetitor di kawasan seperti Vietnam dan Filipina. Jadi sudah ada progresnya," katanya.
Editor: Suryanto

COPYRIGHT © ANTARA 2016
Dubes Inggris: Indonesia masa depan Asia - ANTARA News

 

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Indonesian govt keen to establish partnership with EU: Minister
Selasa, 12 April 2016 20:06 WIB | 722 Views

Saleh Husin. (ANTARA/Widodo S. Jusuf)

Jakarta (ANTARA News) - The Indonesian government demonstrated its seriousness to discuss a Comprehensive Economic Partnership Agreement (CEPA) with the European Union (EU) countries by attending a discussion on the agreement document (scoping paper) in Brussels, Belgium.

"I was present with Trade Minister Thomas Trikasih Lembong to demonstrate our seriousness during the discussion to establish this cooperation," Minister of Industry Saleh Husin stated here on Tuesday.

Earlier, the discussion on the scoping paper was held several times between the Echelon I level officials of the related ministries.

According to Saleh, during a meeting held in early April, the two sides discussed various agreements in which Indonesia sought to establish cooperation to boost the countrys economy.

The discussion on the scoping paper would again be held in future and require several meetings, so it will still take a long time, Saleh added.

Nevertheless, Saleh hoped that Indonesias cooperation with the countries in the blue continent would be realized within two years.

(Reporting by Sella Panduarsa Gareta/Uu.A050/INE/KR-BSR/A014)

Indonesian govt keen to establish partnership with EU: Minister - ANTARA News

 

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Part of Jabodetabek Commuter Line revitalization program - renovation of Kebayoran train station

 

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IMF 2015 data vs 2016 data

GDP (nominal)
Indonesia: 858.953 ~ 936.955 +78.00
Thailand: 395.288 ~ 409.724 +14.43
Philippines: 291.965 ~ 310.312 +18.347
Malaysia: 296.219 ~ 309.262 +13.043
Singapore: 292.734 ~ 294.560 +1.826
Vietnam: 191.454 ~ 201.361 +9.907

GDP Per Capita (nominal)
Singapore: 52,887.770 ~ 52,755.135 -132
Malaysia: 9,556.774 ~ 9,810.796 +254
Thailand: 5,742.282 ~ 5,939.647 +197
Indonesia: 3,362.357 ~ 3,620.359 +258
Philippines: 2,858.144 ~ 2,978.181 +120
Vietnam: 2,088.344 ~ 2,173.652 +85

GDP (ppp)
Indonesia: 2,842.247 ~ 3,010.746 +168
Thailand: 1,108.111 ~ 1,152.421 +44
Malaysia: 815.646 ~ 859.881 +44
Philippines: 741.031 ~ 793.193 +52
Vietnam: 552.298 ~ 592.848 +40
Singapore: 471.877 ~ 484.951 +13

GDP Per Capita (ppp)
Singapore: 85,253.242 ~ 86,853.686 +1.600
Malaysia: 26,314.797 ~ 27,278.200 +964
Thailand: 16,097.353 ~ 16,706.324 +609
Indonesia: 11,125.921 ~ 11,633.409 +509
Philippines: 7,254.198 ~ 7,612.584 +358
Vietnam: 6,024.353 ~ 6,399.674 +375

http://www.imf.org/external/index.htm

 

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Indonesia`s economy is not slowing down: Chief economic minister
Kamis, 14 April 2016 19:50 WIB | 1.112 Views

Jakarta (ANTARA News) - Indonesias Chief Economic Minister Darmin Nasution has claimed that the countrys economy was not experiencing a slowdown disparate to the trend currently exhibited by the global economy.
"Indonesia tends to not follow the global economic trend. Their economies may have recorded a slowdown, but in the last two quarters, in comparison, we alone have shown faster growth," he noted here on Thursday.
Nasution explained that the global economy is moving towards a slowdown in 2016, but the Indonesian government had been striving to maintain public spending and boosting investment to ensure that the national economy remained stable.
Nasution even forecast that in the first quarter of 2016, the countrys economy would improve compared to the previous quarter by growing at some 5.1 to 5.2 percent, driven by infrastructure development since early this year.
"In general, it should be better than that in the previous quarter. Perhaps, it will not be as good as one might have imagined, but investment and infrastructure development have, so far, helped to improve the economy," he pointed out.
The Central Bureau of Statistics recorded that countrys economy had grown in the past two quarters, at 4.73 percent and 5.04 percent, respectively in the third and fourth quarters of 2015.
Although it had yet to grown in line with its potential, its growth at 4.79 percent in 2015 was still better than the average growth in the developed and developing countries.
In the draft revised 2016 budget, the government has assumed macro-economic growth at 5.3 percent due to improving household consumption and investment performance.
The International Monetary Fund (IMF) has forecast that the worlds economy would only grow at 3.2 percent this year, down 0.2 percent from its earlier prediction of 3.4 percent in January 2016.
IMF chief economist Maurice Obstfeld stated at a press conference on World Economic Outlook in Washington that the revision reflected the economic slowdown in various countries.
Obstfeld remarked that the trend was apparent since last year, marked by the sudden sales of risk assets, increasing market concerns, and a sharp decline in the prices of oil and other commodities.
The IMF has forecast advanced economies, such as the United States, to grow 2.4 percent; while the European zone comprising Germany, France, Italy, and Spain, 1.5 percent; Japan, 0.5 percent; and others outside G7, 2.1 percent.
For developing countries, the IMF has forecast a growth of 6.5 percent for China, 7.5 percent for India, and 4.8 percent for ASEAN plus 5 comprising Indonesia, Malaysia, the Philippines, Vietnam, and Thailand.
In view of this, the IMF has proposed three main policies encompassing approaches to improve the monetary, fiscal and economic structure to overcome the slowdown and maintain growth in the midst of this global trend.(*)

http://www.antaranews.com/en/news/1...y-is-not-slowing-down-chief-economic-minister

President orders ministries to cut budgets
Kamis, 14 April 2016 19:46 WIB | 511 Views

Jakarta (ANTARA News) - President Joko Widodo has asked ministries and state institutions to cut their budgets to a total of Rp50 trillion to adjust the planned revisions in the current national budget.
"All ministries and state institutions must cut their budgets for operational costs, operational spending and other non-priority expenditures by up to Rp50 trillion to adjust with the revised budget" he said on Thursday.
He further stated that ministries and state institutions could cut their budgets for non-significant expenditures, such as cost of official travel, seminars, meetings and official car purchases.
Earlier in March, President Widodo had called several cabinet ministers to a meeting to discuss preparations for the submission of the draft revised budget of 2016 and the ease of doing business and the governments medium and long-term working plans.
Finance Minister Bambang Brodjonegoro, who attended the meeting along with Chief Economic Minister Darmin Nasution, Foreign Minister Retno Marsudi and Cabinet Secretary Pramono Anung disclosed that the government planned to make new debt totaling Rp21 trillion to cover the deficit in the draft revised budget of 2016.
"The deficit will likely widen from 2.15 percent to 2.5 percent of the gross domestic product due to an additional spending of Rp40 trillion," he said.
Although the government has already cut state expenditures the deficit in the draft revised budget of 2016 remains bigger.
Bambang said with regards to state expenditures that spending at ministries and state institutions had dropped from Rp784 trillion to Rp738 or around Rp45 trillion while spending at non-ministries and non-state institutions was up by Rp9.6 trillion.(*)

http://www.antaranews.com/en/news/104165/president-orders-ministries-to-cut-budgets

 

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Indonesian shipyard company develops floating power plant
Jumat, 15 April 2016 22:46 WIB | 643 Views

Surabaya, E Java (ANTARA News) - The Indonesian shipyard company, PT PAL, is developing a floating power plant to meet the electricity needs of people in remote islands as well as to support the governments program of building a 35 megawatts power plant.

The Executive Director of PT PAL, M Firmansyah Arifin, said here on Friday that he was still waiting to know how much electricity the national electricity state-owned company, PLN, needed from the plant.

"We set up a floating power plant in 1996 but it was of low capacity. If PLN asks for a plant of higher capacity, we are well prepared because the foundation is already there for it," Arifin said.

Arifin explained that technically, constructing a floating power plant was not difficult for PT PAL as it has reliable resources.

"A floating power plant made by PT PAL was functional in some areas such as in Aceh after the 2004 tsunami and also in some remote islands in Indonesia, which are beyond the reach of the electricity grid," he said.

With its experience, Arifin remarked, PT PAL can easily improve upon the capacity and size of the power generation plant needed to support the national electricity program.

Earlier, PLN had rented a floating Gas Power Plant with a capacity of 120 megawatts from Turkey for five years, with a contract value of Rp1,850 per kWh (kilo watt hour).

Indonesia needs floating power plants to meet the electricity needs of people living in its 17,000 islands.(*)

http://www.antaranews.com/en/news/104196/indonesian-shipyard-company-develops-floating-power-plant


kerjasama ama perusahaan Turkey,

President Jokowi, KEIN leaders discuss indonesia`s industrial growth
Jumat, 15 April 2016 19:44 WIB | 752 Views

President Joko Widodo (Jokowi) with members of the National Economic and Industry Committee (KEIN) held a discussion on the country`s industrial growth here in Jakarta, Friday. (ANTARA/Yudhi Mahatma)

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) and members of the National Economic and Industry Committee (KEIN) held a discussion on the countrys industrial growth here, Friday.

"The key point is how we can work together to boost economic growth in future," Minister of Industry Saleh Husin stated at the presidential office following the meeting between President Jokowi and KEIN leaders and members.

Minister Husin noted that during the meeting, the president was accompanied by Coordinating Minister for Economic Affairs Darmin Nasution, Trade Minister Thomas Lembong, Minister/State Secretary Pratikno, and Chairman of the Investment Coordinating Board Franky Sibarani.

KEIN Chairman Sutrisno Bachir affirmed that his committee will continue to offer strategic inputs related to economic and industrial fields to the government.

Indonesia is now experiencing sluggish industrial growth. Therefore, the government needs to boost the production of goods having added value, Bachir remarked.

"We are now aware of the global economic slowdown. Without industrialization and merely selling raw materials, we will be left behind," he pointed out.

Bachir urged the Indonesian people to use domestic products to help boost local industrial growth.

"We should take a cue from the citizens of other countries, such as Japan, Korea, and India, who harbor a high sense of nationalism and always love their domestic products," he added.
(Uu.F001/INE/KR-BSR/F001

http://www.antaranews.com/en/news/1...-leaders-discuss-indonesias-industrial-growth

Economic progress is the current government priority

 

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Tol Becakayu Beroperasi 2017Sejumlah pekerja menyelesaikan pembangunan tiang pancang jalan tol Bekasi-Cawang-Kampung Melayu (Becakayu) di Jakarta, Senin (18/4/2016). Pemerintah menargetkan pembangunan tol (Becakayu) ini akan selesai pada kuartal I 2017. (ANTARA FOTO/M Agung Rajasa)

 

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Indonesia, Germany expected to realize cooperation worth US$875 million: Kadin

Jakarta (ANTARA News) - President Joko Widodos (Jokowis) visit to Europe will produce cooperation agreements worth US$875 million between Indonesia and Germany, according to the Indonesian Chamber of Commerce and Industry (Kadin).

Kadin noted in a press statement here on Monday that the agreements will be part of the memoranda of understanding (MoUs) between Indonesian companies and their German counterparts.

During his current trip to Europe on April 17-22, 2016, President Jokowi is visiting four countries: Britain, Germany, Belgium, and the Netherlands. He is being accompanied by several business executives grouped in the Kadin.

Kadin General Chairman Rosan Perkasa Roeslani revealed that on the first day of the presidents visit to Berlin in Germany, a business-to-business MoU worth $875 million is expected to be signed between Indonesian and German businesses.

Of the amount, an agreement amounting to $800 million will be signed between Ferrostahl Cronimet and PT Aneka Tambang; $40 million between Myer Werft and PT Pelni; and $35 million between APRIL and Inava.

Rosan remarked that the signing of the MoUs will be witnessed by the president and constituted a concrete step in boosting economic relations between Indonesia and Germany.

On the same occasion, Shinta Widjaja Kamdani, Kadin deputy general chairman for international relations, noted that Kadin had brought along several business delegates operating in sectors such as energy, industry, agribusiness, maritime, and telecommunications.

The delegates will meet their German counterparts during a business forum in Europe.

"This an important opportunity to create a new investment potential in Indonesia while accelerating trade cooperation under the Comprehensive Economic Partnership Agreement (CEPA) scheme in the European Union. This CEPA is expected to be completed in two years," Shinta pointed out.

President Jokowi and his entourage arrived in Berlin, Germany, on Sunday night local time or early Monday morning Indonesia time for a five-day state visit to European countries.

The presidential aircraft RI-1 carrying President Jokowi and his entourage landed at the Tegel International Airport in Berlin at 8:45 p.m. local time, or 1:45 a.m. West Indonesia Standard Time.

During the trip, the president was accompanied by Cabinet Secretary Pramono Agung, Trade Minister Thomas Lembong, and presidential staff/presidential communication team member Ari Dwipayana.

On arrival at the Tegel airport, President Jokowi was greeted by Indonesian Ambassador to Germany Fauzi Bowo and Deputy Chief of Protocol of the Federal Republic of Germany Kondrat H. Arzvob Straussenberg.

The Indonesian president left the Halim Perdanakusuma International Airport in East Jakarta at 8:30 a.m. local time on Sunday for Berlin, with a stopover in Abu Dhabi.

Dwipayana remarked that the president was on a four-nation working visit at the invitation of leaders of the European countries.

The visit is aimed at forging cooperation with the European Union, particularly in the economic field, as well as at strengthening tolerance and building global peace.

He said during the visit, Indonesia will highlight the importance of cooperation in trade, investment, maritime affairs, and water management.

 

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Badminton Superseries (Premier) 2016

 

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Garuda Indonesia to receive 14 Airbus A330neo jets

Garuda Indonesia has confirmed an order with Airbus for the purchase of 14 A330-900neo, the new re-engined version of the best-selling A330 widebody airliner, to support the company’s growth and business expansion in the future. The deal was signed at a ceremony in London in the presence of the President of Indonesia, His Excellency Joko Widodo and British Prime Minister, the Rt. Hon. David Cameron MP.

Garuda Indonesia plans to use the A330neo to develop its medium and long haul network, with the aircraft offering cutting edge technology along with more efficient operations. The order replaces and extends an existing order for seven A330-300 aircraft, and the A330neo will be delivered from 2019 onwards.

“We are pleased to announce that we continue our long-standing relationship with Airbus. Both Garuda Indonesia and Airbus fully understand the aim of the deal as a long-term strategy to win the global challenge,” said Arif Wibowo, CEO of Garuda Indonesia.

Arif explained, “The A330neo represents a more-efficient future for Garuda Indonesia. This order restructuring is believed to support our continued commitment to deliver the most modern, comfortable and excellent air travel service to all customers as well as to strengthen the sustained positive growth and business expansion of the company.

“Furthermore, we are confident that this latest technology aircraft will support us to compete better in the industry.”

Prime Minister David Cameron said: “This deal underlines the increasing importance of our ties with Indonesia - a fast growing economy and set to become the seventh largest in the world by 2030.

“We are the fifth biggest investor in Indonesia and our relationship has more untapped potential. We want to encourage more British businesses to seize on these opportunities and we will continue to support them by banging the drum for British skills and expertise.”
Airbus Chief Operating Officer Tom Williams said: “We are delighted to welcome Garuda Indonesia as a new customer for the A330neo.

“The A330neo will bring a range of benefits from unbeatable operating economics including significant reductions in fuel consumption, lower maintenance costs and extended range capability. The aircraft will have Airbus’ all new Airspace cabin which will ensure the A330 continues to be a benchmark for passengers and airlines alike.”

The deal is the latest milestone in a long standing partnership dating back more than 30 years, when the airline took delivery of its first Airbus A300.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family with first deliveries scheduled to start in Q4 2017. The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, long range widebody aircraft on the market.

In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family.

http://www.eturbonews.com/70510/gar...rboNews+-+for+the+global+travel+professional)