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...

Maritime Data Finished, Indonesia is Heading to Become World’s Maritime Axis

August 27, 2018

Reported from katadata.co.id, Maritime Coordinator Ministry released National Maritime reference data as an effort to realize its vision as world’s maritime axis. …See Details...

The Role of Asean’s Ports in China’s Belt and Road

August 09, 2018

​China’s investments in deep-sea ports in Myanmar and Cambodia will provide critical links in the Belt and Road Initiative (BRI), but there are also concerns that they could give China undue economic leverage in the region. On the Bay of Bengal in Myanmar, Chinese state-owned firms have been given the green light to construct a $7.3 billion deep-water port and a $2.7 billion industrial area in a special economic zone which would be 70 per cent owned by China and 30 per cent owned by Myanmar. However, if the costs of Myanmar’s share prove too much to bear there are concerns it could fall into a debt trap, as happened with Sri Lanka, which late last year handed over control of its Hambantota port to China. …See Details...

16 Types of Container Units and Designs for Shipping Cargo

August 06, 2018

Container units form the most integral part of the entire shipping industry, trade, and transport. These shipping containers are the structures that store various kinds of products that need to be shipped from one part of the world to another. Moving containers protect contents on the long journeys they make and ensure they make it back to you in one piece. As such, depending on the type of products to be shipped or the special services needed from them, container units may vary in dimension, structure, materials, construction etc. various types of shipping containers are being used today to meet requirements of all kinds of cargo shipping. Some of the most common types of shipping containers in use today are mentioned below.…See Details...

PETRONAS delivers first LNG cargo to Hokkaido Electric Power Company

August 06, 2018

​PETRONAS through its subsidiary, Malaysia LNG Sdn Bhd (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power Co., Inc. (Hokkaido Electric) on August 1st, 2018. This delivery marks the beginning of MLNG's supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on 2 March 2017.…See Details...

DHL To Support Indonesia's Expanding Life Sciences Industry

August 03, 2018

​“Indonesia’s pharmaceutical market is projected togrow by 10% per annum to be worth more than US$12 billion by 2022, driven largely by growth in the domestic market for generic drugs and increasingly accessible healthcare country-wide. This creates significant opportunities for both multinational and domestic life sciences operators to scale up their operations,” said Vincent Yong, President Director, DHL Global Forwarding Indonesia. “This new bonded warehouse is our latest investment in the logistics infrastructure needed to fully capitalize on those opportunities while boosting the quality of medicines, devices, and other medical goods that Indonesia’s people have access to.”…See Details...

Video: Animating 70 years of better shipping for a better future

August 02, 2018

70 years of helping international shipping become safer, more secure and develop a greener environmental footprint – that's what IMO is celebrating in 2018, with a series of events and commemorative productions being released throughout the year. The latest is a short animated film which shows how IMO has developed mandatory international regulations covering almost every aspect of shipping. As a result, modern shipping conforms to the highest practicable standards and is the safest, cleanest and most efficient way to move goods around the world.…See Details...

How Does Rupiah Weakening Affect Export/Import

August 01, 2018

In June 2018, Tanjung Priok international throughput/volume declined 40% month to month. Why?…See Details...