Trump Administration to Impose New Tariff on Imported Goods from China

September 24, 2018

The Donald Trump administration will start to impose import tariff for some Chinese origin imported goods. The list of goods reach up to 200 Billion U.S Dollar in value. The new regulation about imposing the import tariff will be enacted starting from September 24th 2018. …See Details...

Indonesian National Maritime Day

September 24, 2018

​Indonesian National Maritime day always being commemorated on September 23rd every year. The first Indonesian national maritime day was on 1964, it means the national maritime day is already 54 years old.…See Details...

Pelindo III's New Board Director

September 21, 2018

The board of director composition of the State-Owned Enterprises that managed 43 ports in Indonesia, PT Pelindo III is now complete again.…See Details...

Maximum Goods Value Exempted from Customs and Import Tax Tariff will Change Starting October 10th 2018

September 20, 2018

Indonesian government through the Ministry of Finance state a new regulation. The new regulation of Ministry of Finance (PMK) Number 112/PMK.04/2018 about the changes on PMK Number 183/PMK.04/2016 on the import provision for shipment.…See Details...

Indonesian National Transportation Day

September 18, 2018

National Transportation Day is celebrated every year on September 17th in Indonesia. It was first formalized in 1971 through the Ministry of Transportation decree Number SK.274/G/1971. The decree was issued on August 26th 1971, regulating about commemoration of National Transportation Day.…See Details...

Indonesia Held Archipelagic and Island States Meeting in Jakarta

September 14, 2018

Reported from kkp.go.id, Senior Official Meeting (SOM) of Archipelagic and Island States held in Jakarta on September 6th to September 8th 2018 was the second time. The first meeting was held on November 21st and November 22nd 2017. …See Details...

Konecranes Wins large Repeat Order For Container Cranes in Lithuania

September 13, 2018

JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, has placed a large repeat order with Konecranes for ten Rubber Tired Gantry (RTG) cranes and two Ship-to-Shore (STS) cranes. Konecranes has signed a contract with JSSC Klaipedos Smelte in the Port of Klaipeda, Lithuania, for the supply of ten Konecranes RTG cranes and two Konecranes STS cranes. JSSC Klaipedos Smelte already operates seven Konecranes RTGs and three Konecranes STSs, and they are very pleased with the high productivity and reliability of the cranes. They have been instrumental in the steady growth of the JSSC Klaipedos Smelte container terminal in recent years. …See Details...

Indonesia Raised Taxes on Imported Goods

September 10, 2018

​Reported from finance.detik.com, Indonesia Government through The Minister of Finance, Sri Mulyani Indrawati, issues a new regulation. The new regulation is the Regulation of Ministry of Finance Number 110/PMK.010/2018. It serves to change some parts of the regulation issued last year, PMK number 34/PMK.010/2017 on income tax collection article 22 regarding the payment for the delivery of goods and import activity or business activity in other sector. In this new regulation, Indonesian government decided to raise taxes on some of the category from imported goods. The categories such as cosmetics, automotive, home appliances, electronic, to precious metal. Cosmetics such as perfume, acne cleanser, soap, and make up powders are some of the affected goods. Even clothes, gloves, belts, and work shoes and boots are also affected by the new regulation.…See Details...

China and US Tariff War Caused World Economy to Suffer

September 07, 2018

​The trade wars that is happening between United States of America and China caused global economy to suffer. The world trade fell by 1.3% in August 2018. Global Kuehne + Nagel Indicator in their monthly reports of World Trade Indicator reveal this fact that they found. Despite a strong market in July, when the markets look solid and steady even though there are threats of tariff war between the world’s two biggest economy, however, the World Trade Indicator suggest that the investor starting to become cautious because the pressure on global agreement and institution starting to leave their marks.…See Details...

The Purpose of Belt and Road Initiative

August 31, 2018

Xi Jinping, President of China said on Monday in the fifth anniversary meeting of Belt and Road Initiative that the main purpose of Belt and Road Initiative (BRI) is not to obtain geopolitical or military alliance, nor the setting up of “China Club”. The aim of BRI is to develop infrastructure and trading network that connect Asia to Europe and Africa. BRI is focusing in the collaboration to build the safe and efficient network trade to connect the global major ports. As for the land economic corridor that are planned to be developed are China-Mongolia-Russia, China-Middle Asia-West Asia, China-Indochina, China-Pakistan, Bangladesh-China-India-Myanmar.…See Details...