Tag: Indonesia

  • Philippine brand Rusty Lopez heads to Indonesia

    Philippine brand Rusty Lopez heads to Indonesia

    Indonesia has welcomed Rusty Lopez into the market – and wants more Philippine fashion brands to follow.

    The shoe brand from Marikina City has opened its first overseas outlet in Jakarta’s Seibu Department Store in Grand Indonesia Mall.

    Other Philippine fashion brands that have established their names in Indonesia include Gingersnaps, Periwinkle, Penshoppe, and Karimadon.

    “The AEC [Association of Southeast Asian Nations Economic Community] is an exciting opportunity for Philippine companies to introduce established brands in Asean and beyond. We are optimistic that our local fashion brands can compete in the region because we are strong in design and we aim for the best quality,” said Philippine commercial representative to Indonesia Alma Argayoso.

    Rusty Lopez, known for high-quality footwear, took its classic and contemporary designs to the Indonesian market with a wide range of products from sandals to pumps.

    “We have carefully selected the best styles suited to the Indonesian market because we understand that fashionistas in Indonesia want more shoe styles that are fun, colorful, chic and fashionable,” said  PT Cruzzini Sejahtera president and director Sanny Cruz, who also serves as Rusty Lopez managing partner in Indonesia.

    Cruz said the company plans to open more stores this year.

    The Philippine Trade and Investment Center in Jakarta said it supports Philippine brands through trade shows and business development activities.

  • Ninja Van gets $30m capital boost

    Ninja Van gets $30m capital boost

    Dubai-based Abraaj Group has led a US$30-million Series B round of fundraising for Singapore’s Ninja Logistics (Ninja Van), a technology-enabled last-mile logistics provider with a presence in Indonesia, Malaysia and Singapore, and just lately Vietnam.

    Ninja Van plans to use the fresh capital to roll out in the Philippines and Thailand this year, and to also upgrade its systems and triple its customer service headcount.

    Others in the funding round were existing investor Monk’s Hill Ventures joined by B Capital Group and YJ Capital. In its Series A in March last year, the startup raised US$2.5 million. This latest transaction is subject to customary closing conditions and is expected to wrap by the end of the month, according to Abraaj.

    Ninja Van uses algorithms to solve complex logistics issues and optimise delivery routes. It also forges partnerships with complementary transport fleets through a capacity-sharing model.

    While starting out as a logistics provider for eCommerce businesses, Ninja Van now supports more than 3000 clients across a range of industries, delivering about 15,000 parcels a day.

    “This vote of confidence from Abraaj and our other new investors will allow us to expand beyond tier-one cities in Southeast Asia,” says Ninja Van cofounder/CEO Lai Chang Wen.

    Abraaj is an investment firm specialising in private-equity investments in the Middle East, North Africa and South Asia. This is its 28th investment into Southeast Asia.

  • Belgian King praises Indonesia`s economic development

    Belgian King praises Indonesia`s economic development

    “Indonesias economy is remarkable,” King of Belgium Philippe told President Joko Widodo (Jokowi) when they met at the Royal Palace in Brussels, the Belgian capital on April 21, 2016.

    He has followed the economic development of Indonesia closely, and he gave high credit to the progress, King Philippe claimed.

    He particularly expressed his support to the economic deregulation measures carried out by President Jokowi, who is expected to reveal his 12th economic stimulus package aimed at boosting investment and trade, in the very near future.

    Belgium is Indonesias key partner, in terms of trade and investment.

    Total trade between Indonesia and Belgium in 2015 reached US$1.67 billion, while investments amounted to US$7 million.

    The European countrys investments in Indonesia include those in diverse fields, ranging from power generation to the cocoa processing industry.

    Last March, the Belgian government sent a high-profile delegation to Indonesia, headed by Princess Astrid to strengthen bilateral economic relations, particularly in the fields of trade and investment.

    Princess Astrid, as representative of King Philippe, headed a 301-member delegation to Indonesia from March 12 to 18, 2016.

    In total, 127 companies and at least four ministers participated in the economic mission.

    The delegation is the largest-ever Belgian mission to come to Indonesia, and this is a landmark in the growing ties between the two nations, the Belgian government said on its official website.

    Some 25 Memoranda of Understanding (MoUs) and business contracts between business associations of both countries were signed during Princess Astrids visit to Jakarta.

    Jokowi and Princess Astrid, during their meeting at the Merdeka Palace in Jakarta, on March 15, 2016, agreed that the two nations should step up economic cooperation.

    The President expressed his optimism that Belgiums largest economic mission to Indonesia would help strengthen bilateral relations between both countries.

    The Head of State also called for expanding interactions between the business communities of both nations, and for expanding market access for Indonesian products, such as footwear, rubber, textiles, electronics and furniture, to enter Belgium.

    He also invited Belgian investors to start businesses in strategic sectors in Indonesia, such as infrastructure, telecommunications, the film industry, and raw materials.

    However, in the meeting with the Belgian King in Brussels, President Jokowi conveyed Indonesias worries on several discriminative measures from EU countries to Indonesian Crude Palm Oil products.

    “I believe Belgium will not take those discriminatory measures,” the President said.

    He also expressed his appreciation and gratitude for the decision to select Indonesia as the guest country for the 2017 Europalia Festival, as well as for the invitation to attend the inauguration of the festival.

    “The festival is an opportunity for Indonesia to show the richness of its culture. I hope Your Majesty will support us for the success of the event,” President Jokowi, who was accompanied by Coordinating Minister for the Economy Darmin Nasution, Minister of Foreign Affairs Retno L.P. Marsudi, Minister of Trade Thomas Lembong, and Cabinet Secretary Pramono Anung, said.

    Coinciding with the Presidents visit, a round-table meeting was organized and attended by CEOs of 15 Belgian companies in Brussels on April 21.

    Many people in the audience expressed interest in gaining insights into infrastructure development in Indonesia.

    Head of the Indonesian Investment Coordinating Board (BKPM) Franky Sibarani and Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Roesan Roslani briefed them on the progress of infrastructure development projects, such as seaports, toll roads, and airports.

    Most of the participating companies have invested in Indonesia and planned to expand their investments.

    “For instance, a company that produces steel fiber expanded its investment worth US$50 million in Karawang; a knife manufacturing company has planned to open a new plant in Bekasi; and a retail company has planned to expand its network,” Sibarani revealed.

    Belgiums investment in the country reached $132 million during the 2010-2015 period, placing the nation in the 27th position on the list of Indonesias foreign investors, according to the BKPM data.

    The European countrys investment commitment during the same period was recorded at $213.5 million comprising 64 projects.

    Furthermore, the BKPM identified a Belgian firm, which is keen to invest US$574.5 million, or some Rp7.1 trillion, in seaport development.

    The Belgian company had contacted a state-owned seaport operator to express its interest, Sibarani stated.

    “The company has also urged the investment board to facilitate its plan, including coordinating with other related ministries or institutions,” he remarked.

    Meanwhile, Trade Minister Thomas Lembong stated that a series of economic policy packages issued by the government had made Indonesia a favorite investment destination.

    “The policy packages have made Indonesia more attractive to foreign investors,” Thomas Lembong, accompanying President Jokowi on a European tour that covers Germany, Britain, Belgium, and the Netherlands, said.

    The policy packages had boosted trade cooperation between Indonesia and European countries, the minister believed.

    The Indonesian government has issued 11 economic policy packages over the past several months marked by massive deregulation.

  • Prince Albert of Monaco appreciates Wonderful indonesia

    Prince Albert of Monaco appreciates Wonderful indonesia

    Prince Albert II of Monaco appreciated Wonderful Indonesia, Indonesia’s tourism promotion branding initiative, during an Indonesia-Monaco Friendship Night in Monte Carlo on April 20.

    The Tourism Ministry Secretary, Ukus Kuswara, said in Monaco on Saturday that Monaco’s head of state expressed his appreciation for the campaign when he attended the friendship night, where cultural and arts performances were the highlight.

    Apart from Prince Albert II, the friendship night, an initiative of the Indonesian tourism ministry and the Indonesian Embassy in Paris, was also attended by government officials, the head of state palace, the head of Monaco Economic Agency, industrialists and tourism business players of the kingdom state.

    The tourism ministry presented the Paulus Surya Orchestra & Vocalia from Semarang, Central Java, featuring 10 musicians and five dancers. Dressed in Bali’s exotic costumes, they danced to traditional music as audiences joined the revelries, shaking their heads, their bodies jiving to keep up with the tempo.

    A medley of European songs, including the O Bambino Caro, a favorite of the mother of Prince Albert II, mesmerized the audience. Besides the orchestra, Indonesian textiles were also displayed by noted designer Oscar Lawalata.

    Oscar Lawalata displayed 60 personal classic textile collections from various regions in Indonesia.

    After the Wonderful Indonesia program, the event continued with a business meeting between the two countries.

    The Indonesian delegation was led by Kuswara, accompanied by Hirmansyah Sambudhy Thaib, the chairman of the working group for development acceleration of 10 national tourism destinations.

    On the Monaco side, the event was attended by the country’s businessmen and industrialists who were offered investment cooperation and a chance to visit Indonesia. They were offered investment opportunities in Indonesia’s Tourism Special Economic Zone, now being developed in 10 tourism destinations.

  • XL Axiata swings back to profit in Q1

    XL Axiata swings back to profit in Q1

    Indonesia’s XL Axiata swung back to a net profit for the first quarter during what CEO Dian Siswarini said was a “promising start to 2016.”

    The operator reported a net profit of 20 billion rupiah ($1.5 million) during the period, which compares to a loss of 758 billion rupiah in the same quarter last year.

    Profit for 2016 was positively impacted by the strengthening of the rupiah against the US dollar this year, compared to a weakening in the first quarter of 2015.

    Revenue meanwhile grew 2% year-on-year during Q1 of 2016, with core usage revenue up 5%, driven by a 23% year-on-year growth in the data segment. Data traffic grew 94% year-on-year and total data users grew to 22.8 million, or 54% of XL’s total base.

    XL commented that LTE has become a key part of the operator’s mobile internet leadership strategy. By the end of the quarter, XL expanded its LTE footprint to cover 3,286 sites in 36 Indonesian cities and areas. The company’s total BTS footprint as of the end of March was 59,040.

    “We have made a promising start to 2016 with further improvements in our operating and financial performance, and we hope to build momentum as we execute on our transformation agenda,” Siswarini said in a statement.

  • Spar Asia flourishes

    Spar Asia flourishes

    Food retailer Spar Asia had “significant” developments during its latest financial year.

    In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014, and saw its China sales rise 6.8 per cent to €1.9 billion (US$2.14 billion).

    Internationally, its retail sales netted €33 billion for the year, a 3.5 per cent increase on 2014 – the group’s strongest sales growth in five years.

    During the year it entered four new countries, in Asia, Africa and the Middle East, taking its total to 12,100 stores in 42 countries serving 13 million customers a day. Spar International’s multi-format strategy includes hypermarkets, supermarkets, and neighbourhood and convenience stores.

    The fresh department is at the core of the Spar concept, with the stores also offering FMCG products and core non-food ranges. Value is underpinned through its low-priced, quality private-label products.

  • In Asia, Netflix trips on regulation, content, and competition

    In Asia, Netflix trips on regulation, content, and competition

    Months after its global rollout, Netflix is facing problems in several major Asian markets as it struggles to provide enough strong content to attract consumers amid tough local competition, and also faces many regulatory hurdles, underlining concerns about disappointing subscriber numbers reported this week.

    From complaints that programming libraries offered in many countries are far smaller than in the United States to delays in offering its signature “House of Cards” series in some markets due to rights issues, the U.S. video streaming giant’s January launch into 130 new markets worldwide, including a slew in Asia, has been bumpy.

    When it launched in Indonesia in January, for example, Netflix ran afoul of the film censorship board for carrying content deemed inappropriately violent or sexual. The communications ministry also demanded that Netflix set up a local office and pay Indonesian taxes.

    State telecoms company PT Telekomunikasi Indonesia Tbk (Telkom) will continue blocking Netflix until it adheres to regulations, Arif Prabowo, vice president for corporate communications at the carrier, told Reuters, declining to give details.

    Netflix is still available in Indonesia via wifi connections and other carriers.

    “Services delivered over the Internet present new questions for everyone, including policymakers, and our intention is to comply with applicable laws and regulations,” said Jessica Lee, Netflix’s head of communications for Asia.

    “It is all part of the journey as we roll out in different countries,” she said.

    The cost of dealing with these kinds of issues are reflected in its results, which show that Netflix suffered a first-quarter operating loss of $104.2 million for streaming video outside the U.S., partly because of higher marketing costs, and also showed that it is earning less per subscriber overseas than at home.

    Netflix had 34.5 million international subscribers against 47 million in the U.S. at the end of the quarter. It is unclear how many of its customers are in Asia.

    LICENSING RESTRICTIONS

    In South Korea, where local content is popular and consumers have numerous streaming options, the Netflix site offers fewer than 20 local TV shows or movies.

    “Korean Netflix’s library in terms of content is pretty thin,” said Jung Dong-yoon, a 29-year-old Seoul office worker and subscriber since January.

    Netflix viewers in the country also this week discovered that well-known shows including “How to Get Away with Murder” and season two of “Better Call Saul” were missing – temporarily, Netflix says – as the shows are submitted for age appropriate ratings by the country’s ratings board.

    Programming rights are an issue globally.

    As of January, Netflix Australia, which launched service more than a year ago, offered just 443 TV shows, compared with 1,157 in the United States, and had 1,585 movies, compared with 4,593, according to Finder.com – fewer than those available in Iraq, Haiti, Cuba and many other countries.

    “With the traditional way in which rights to movies and TV titles are structured, there will be licensing restrictions and the goal is to get to a global library that is the same everywhere but that takes time,” Lee said.

    Vivek Couto, executive director of consultants Media Partners Asia, said it is still early in Asia for Netflix. He expects the company will ramp up local content and eventually get “reasonable penetration” in markets such as India, South Korea, Singapore, Hong Kong, the Philippines, Thailand, and Vietnam.

    “Markets like Singapore and India, over time, they can do reasonably well, but I think they’re going to find more challenging markets like Japan, Korea, China,” he said.

    Netflix has yet to win permission to enter the coveted but highly restricted China market.

    SLOWER GROWTH

    Netflix this week said it expected to add about 2 million non-U.S. subscribers in the second quarter, below analysts’ average expectations for about 3.5 million.

    Chief Executive Reed Hastings on Monday cited a lack of local language content and local payment options for limiting initial sign-ups in some countries.

    “Over the next couple years as we further localize, we’ll be able to see more opportunity,” he told analysts on a conference call. Netflix can take heart from its performance in Latin America, where it launched in 2011 and is by far the dominant video streaming service.

    However, it has seen its share of the key Mexican market eroded slightly by competition from Clarovideo, a streaming service offered by billionaire Carlos Slim’s America Movil.

    One of Netflix’s biggest obstacles to growth in Mexico has been the low-level of broadband subscribers, according to one industry source. Broadband availability also looms as a potential concern in Brazil, where the telecoms regulator announced earlier this week that broadband providers would soon be allowed to set Internet usage limits.

    In Asia, Competition is intensifying from local streaming sites as well as global providers such as Amazon, Hulu, HBO and BBC iPlayer.

    Around the time Netflix debuted in South Korea, local company Frograms Inc launched its own Watcha Play service. Two months later, SK Telecom made its video streaming service available to customers who do not subscribe to its phone service.

    Around the time Netflix debuted in Australia, publisher Fairfax Media and broadcaster Nine Entertainment Co Holdings launched a joint venture streaming service, while News Corp and Seven West Media teamed up to do the same. All offered heavy discounts, including free trials.

    Netflix had an explosive start in Australia, counting nearly 3 million Australians as viewers, OUT OF A population of 24 million, within nine months of its March 2015 launch. But growth has slowed just as dramatically, from a 55 percent leap between April and May to a rise of 4 percent between September and October, according to Roy Morgan research.

  • Bank Indonesia Wins 3 CSR Awards

    Bank Indonesia Wins 3 CSR Awards

    Bank Indonesia (BI) has received three awards in the The 8th Annual Global Corporate Social Responsibility (CSR) Summit and Awards. Two gold awards are for Excellence in Provision of Literacy and Educational Award with market capitalization above US$1 billion and Empowerment of Women Award. While bronze award was achieved for Product Excellence Award.

    BI’s Communication Department Director Abronas Hutabarat attended the event to receive the awards. He originally intended to attend the international forum to introduce BI’s CSR programs. “We didn’t expect to receive the awards. These are the result of synergy and hard work put in by my colleagues in BI’s Communication Department,” Abornas said after receiveing the awards in Nusa Dua, Bali, Thursday evening.

    Abornas said that BI always made CSR programs on a yearly basis which focus on community empowerment. According to him, BI’s CSR programs are comparable to those of its international counterparts.

    There are seven categories in The 8th Annual Global CSR Summit and Awards, namely Best Environmental Excellence Award, Best Community Programme Award, Excellence in Provision of Literacy and Education Award, Empowerment of Women Award, Best Workplace Practice, CSR Leadership Award, and Product Excellence Award.

    Of the categories, BI got nominated in 4 categories. Arbonas said the four categories are Best Community Programme Award, Excellence in Provision of Literacy and Education Award, Empowerment of Women Award, and Product Excellence Award.

    Arbonas said one of the gold awards were given for BI Corners CSR program, in which BI provides libraries in all universities in Indonesia. Last year BI built 106 BI Corners. This year BI is targeting to build 150 BI Corners. He hoped that in the next five years BI could build 1,000 BI Corners in the all educational levels to support financial literacy. In addition, BI helps female entrepreneurs in managing business units and bookkeeping to make the businesses bankable.

    The Annual Global CSR Summit and Awards is the most prestigious recognition awards program for Corporate Social Responsibility of various agencies in Asia. The awards are given to agencies who are able to make contributions to environmental sustainability, product innovation, community empowerment and CSR management and transparency.

  • Indonesia welcomes first Hilton Garden Inn

    Indonesia welcomes first Hilton Garden Inn

    Hilton Garden Inn, Hilton Worldwide’s upscale global brand of hotels, today announced its entry into Indonesia with the opening of Hilton Garden Inn Bali – Ngurah Rai Airport in Bali. Owned by PT. Anggada Duta Realty Tbk., the hotel brings 291 new rooms to the Hilton Garden Inn brand.

    ‘We are proud to open our first Hilton Garden Inn in Bali, Indonesia – one of the most popular business and leisure destinations – and welcome it to our global portfolio of over 665 hotels,’ said John Greenleaf, global head, Hilton Garden Inn. ‘We are committed to growing our presence in Asia Pacific and to providing a welcoming and dependable hotel experience for every guest, every time. Hilton Garden Inn Bali – Ngurah Rai Airport will do whatever it takes to ensure every guest to Bali is satisfied, or they don’t pay – that’s our Satisfaction Promise.’

    Only 500 meters away from the island’s international airport, Hilton Garden Inn Bali – Ngurah Rai Airport is situated at a prime location to offer travelers a great launch pad to discover Bali from the moment of arrival. Conveniently located at Jalan Legian, the hotel is approximately five kilometers’ drive away from the well-known Kuta beach precinct which boasts a wide array of retail, dining and entertainment options. Hotel guests arriving from the airport can expediently check in and immediately head out to Kuta, and the other famous enclaves such as Ubud, Nusa Dua and Seminyak, to explore the beauty of Bali.

    ‘Marking our fourth brand in Indonesia, the opening of Hilton Garden Inn Bali – Ngurah Rai Airport perfectly complements our existing portfolio in the country,’ said William Costley, vice president, Southeast Asia and India, Hilton Worldwide. ‘I am excited that Hilton Garden Inn has made its debut in this world renowned destination and am confident that the hotel will offer visitors to this vibrant island a peaceful and energizing stay experience.’

    Guests can dine on-property at The Garden Grille and Bar, which offers a full cooked-to-order breakfast and dinner, cocktails*, and evening room service. The Pavilion Pantry is open 24 hours and features a complete selection of salty snacks, sweet treats, cold beverages, and ready-to-cook meals.

    Outfitting to business purposes and MICE, the hotel also features a total of six small- to medium-sized meeting rooms, one multi-function hall, and one ballroom. Hilton Garden Inn guests will see why Life’s Better at the Garden through amenities and services offered at each location, including complimentary Wi-Fi throughout the hotel, 24-hour business center with Print Spots remote printing, a state-of-the-art fitness center, a bar and an outdoor pool.

    All 291 guest rooms boast the brand’s signature bedding featuring fresh, white duvets and crisp linens; a spacious and clutter-free work desk with an ergonomic desk chair; and an in-room ‘hospitality center’ with a mini fridge and coffee/tea maker.

    Hilton Garden Inn Bali – Ngurah Rai Airport participates in Hilton HHonors the only hotel loyalty program that allows members to earn Points & Miles on the same stay and No Blackout Dates on reward stays. To celebrate the hotel’s opening, Hilton HHonors members will receive Double Points per stay on the best available rate through stays completed between May 1 and July 31, 2016. HHonors members always get the lowest price with its Best Price Guarantee, along with HHonors Points, free Wi-Fi, digital check-in and no booking fees only when they book directly through Hilton.

  • Garuda Indonesia to receive 14 Airbus A330neo jets

    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.

  • South Tea exporters to double volumes to Malaysia, Indonesia

    South Tea exporters to double volumes to Malaysia, Indonesia

    Tea exporters from south are exploring opportunities to double their exports to Malaysia and Indonesia by joining hands with the tea industry in those countries.

    The exporters’ organisation has signed an MoU with trade representatives in Malaysia to double exports and to create a brand which will cater both domestic and export markets.

    With Indonesian industry the exporters are exploring to see whether they can create a new blended products suitable for that country.

  • Garuda Indonesia set to achieve its cargo transport target

    Garuda Indonesia set to achieve its cargo transport target

    The Indonesia’s flag carrier, Garuda Indonesia, said it is optimistic cargo transport service would contribute 20 percent to its income this year.

    “I think the target could be achieved. For that purpose we have named a director in charge of cargo transport,” Garuda Indonesia’s commercial director, Toni Soetirto, said here on Tuesday.

    The target has been set by the president director of the airline M Arif Wibowo.

    Soetirto said cargo transport markets in Indonesia include all destination areas in the country. The main cargo transport markets abroad include Middle East, China, Japan and South Korea.

    Garuda Indonesia hopes to raise its income from cargo transport to US$1 billion from around US$275 million a year at present.

    In order to reach the target , the airline hopes to cooperate with other companies in the form of “joint operation” or joint venture such as with state-owned post office company PT Pos Indonesia and international companies.

    The largest international cargo markets are Shanghai in China, Japan and Europe that could reach up to 13-15 tons per day.

    To be in charge of cargo transport, Garuda Indonesia in a shareholder meeting decided to form a new directorate under Sigit Muhartono.

  • LFC sponsor Garuda in 14-plane order with Airbus

    LFC sponsor Garuda in 14-plane order with Airbus

    Liverpool FC training kit sponsor Garuda Indonesia has confirmed an order with Airbus for 14 A330-900 aircraft.

    The planes, the new re-engined version of the best-selling A330 widebody airliner, will support growth and business expansion for the Indonesian airline.

    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, David Cameron MP.

    Garuda Indonesia plans to use the aircraft to develop its medium and long haul network, with the planes offering cutting edge technology along with more efficient operations.

    Airbus employs more than 6,000 staff at its Broughton plant, near Chester, making wings for all its commercial aircraft .

    The order replaces and extends an existing order for seven A330-300 aircraft, and the A330neo (new engine option) 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, chief executive of Garuda Indonesia.

    He 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 the fourth quarter of 2017.

    The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features.

    It reduces fuel consumption by 14% per seat, making it the most cost-efficient, long range widebody aircraft on the market.

    Garuda Indonesia is already rated a five star airline in terms of comfort and passenger services.

  • Bag charge to reduce Indonesia’s plastic waste

    Bag charge to reduce Indonesia’s plastic waste

    The government has made it mandatory for retail businesses across Indonesia to charge customers 1.5 cents for each plastic bag they use.

    Supermarkets and vendors in cities across Indonesia have begun charging customers for plastic bags in a bid to reduce waste.

    The government has made it mandatory for retail businesses across Indonesia to charge customers 1.5 cents for each plastic bag they use.

    According to the Environment and Forestry Ministry, Indonesians consume up to a million plastic bags every minute.

    Indonesia is ranked the world’s second largest plastic waste producer, using more than 187 million tons each year.

    Watch the video to get more details over plastic wastw problem in Indonesia.

  • Garuda signs 1 billion pound deal with Roll Roys

    Garuda signs 1 billion pound deal with Roll Roys

    The nations flag carrier PT Garuda Indonesia and British aircraft engine maker Roll Roys signed a 1 billion pound cooperation agreement here on Tuesday.

    “The results of the meeting between President Jokowi (Joko Widodo) and Prime Minister David Cameron included the agreement between Garuda and Roll Roys worth 1 billion poundsterling,” British Ambassador to Indonesia Moazzam Malik said here on Tuesday.

    Garuda would buy 14 units of aircraft produced in Britain and other European countries, Moazzam said after the meeting between Jokowi and Cameron.

    The units to be produced in Britain will use Roll Roys engines, he said.

    Under the agreement, Garuda would send mechanics and technicians for training in Roll Roys.

    The ambassador said that Jokowi and Cameron also discussed issue of extremism, adding that Cameron asked Indonesia to play a greater international role in controlling radicalism.