News

Gojek-Tokopedia Merger To Boost Indonesia’s Digital Economy
30 May 2021
 The merger between Gojek and Tokopedia is expected to consolidate their positions as major players in Southeast Asia’s digital economy amid rising competition, particularly from Singapore-based companies, that led the two to lose ground in recent years, even in their home in Indonesia.   Jakarta-based ride-hailing company Gojek and e-commerce platform Tokopedia, both of which are unicorns, announced their merger on Monday with the establishment of GoTo Group, the country’s biggest start-up in terms of valuation at an estimated USD 18 billion. The merger enables GoTo to better compete with the likes of Singapore-based ride-hailing giant Grab, worth an estimated USD 14.3 billion, and Singapore’s SEA Limited, the publicly listed parent company for e-marketplace Shopee, which is worth USD 112.59 billion.         https://www.thejakartapost.com/news/2021/05/17/gojek-tokopedia-merger-to-boost-ris-place-in-regional-digital-economy.html
Amazon Earnings Skyrocket, Breaking The Largest Record Ever
30 Aug 2018
                            Amazon.com Inc posted a pro­t that was double Wall Street targets, thanks to the retailer’s younger, higher-earning businesses, including cloud computing and advertising. The report was a relief to investors in the U.S. technology sector. For instance, the company is working to ship food from Whole Foods Market stores across the United States, in an ambitious attempt to bring groceries into the age of online retail. Amazon’s spending typically climbs in the summer quarter, pressuring pro­ts as the company prepares for Christmas and the winter holidays, its peak sales period each year. Yet the company said it expects an operating pro­t between $1.4 billion and $2.4 billion, up from $347 million a year earlier. The company also reported a second-quarter pro­t of $2.5 billion, its largest ever.   https://www.reuters.com/article/us-amazon-com-results/amazon-earnings-skyrocket-on-cloud-computing-advertising-idUSKBN1KG2WB
Jakarta Fair Transaction Valued More Than 7 Trillion
30 Aug 2018
The transaction value recorded during the 40-day event at the 51st Jakarta Fair was Rp7.3 trillion.  The transaction value increased from 2017's Rp6.6 trillion. This year's Jakarta Fair absorbed 40,000 to 50,000 laborers, and attracted 6.7 million visitors. https://en.tempo.co/read/919648/jakarta-fair-transaction-value-at-rp73tn-anies-says
Asian Games 2018: Time For Indonesia To Shine
30 Aug 2018
                            Assuming that the 2018 Asian Games will be successful, it will boost the country’s tourism industry and produce economic bene­ts. According to Tourism Minister Arief Yahya, the upcoming Games aim to welcome 250,000 supporters from ASEAN and other Asian countries, which will allow visitors from participating countries to embrace the land and culture of Indonesia. In addition, these visitors may feel inclined to visit other islands of the archipelago. While tourism in Indonesia has more than doubled over the past decade to become a major driver of the economy, the Asian Games may help achieve the goal of the government to “replicate the success of Bali as a tourist destination in a number of other locations spread across Indonesia”. The combination of athletes, officials, supporters and spectators expected to be present brings high hopes to the Indonesian economy. Bambang Brodjonegoro, Minister for National Planning (Bappenas), estimates that hosting the Asian Games will facilitate a cash flow of Rp. 45.1 trillion to the Indonesian economy in addition to bringing Rp. 34 trillion worth of investment in infrastructure for the organization of the event. The 18th Asian Games signify not only a fun and meaningful event to the region and the world, but also provide that push Indonesia needs to keep going.   http://www.thejakartapost.com/travel/2018/06/28/2018-asian-games-time-for-indonesia-to-shine.html
China's Trade Surplus With U.S. Hits Record As Exporters Rush To Beat Tariffs
07 Aug 2018
China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace. The U.S. container port peak season is traditionally driven by orders for Chinese-made clothing, electronics and toys for the back-to-school season running from June to September, and then the winter holiday season. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent in June from a year earlier after falling 6.9 percent in May and 3.9 percent in April, said Gene Seroka, executive director of the Port of Los Angeles, the busiest U.S. container port and No. 1 hub for ocean trade with China. The data came after the administration of U.S. President Donald Trump raised the stakes in its trade row with China, saying it would slap 10 percent tari­ffs on an extra $200 billion worth of Chinese imports, including numerous consumer items. China’s trade surplus with the United States, which is at the center of the tariff­ tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going back to 2008. China’s June exports rose 11.3 percent from a year earlier, China General Administration of Customs reported, beating forecasts for a 10 percent increase according to the latest Reuters poll of 39 analysts.   https://www.reuters.com/article/us-china-economy-trade/chinas-june-exports-jump-surplus-with-us-at-record-high-idUSKBN1K30BM
Progress Of The Depok-Antasari Toll Road
07 Aug 2018
Depok-Antasari or Desari Toll Road is a highway in Indonesia, connecting South Jakarta with Depok and Bogor . This toll road extends from Jalan Pangeran Antasari of South Jakarta to Depok. The toll road will be extended to Bogor, precisely to Bogor Ring Road and Bogor-Ciawi–Sukabumi Toll Road. https://en.wikipedia.org/wiki/Depok%E2%80%93Antasari_Toll_Road
LRT Development For Asian Games Progresses To 90 Percent
07 Aug 2018
Transportation Minister Budi Karya Sumadi said the progress of the light rail transit (LRT) project development has progressed to 90 percent. Budi explained the dynamic test had been underway. President Joko Widodo (Jokowi) is con­firmed to officially introduce Indonesia`s ­rst fully operational light rail transit (LRT) in mid-July in Palembang. The soon-to-be inaugurated LRT will connect the Jakabaring Sports City to the Sultan Mahmud Badaruddin II Airport. Palembang, which will co-host the 18th Asian Games together with Jakarta next month, is now ready for the largest Asian sporting event. In order to ascertain its readiness to host the sporting events, President Joko Widodo, who is commonly known as Jokowi, has inspected the sports facilities and venues in the city. South Sumatra Governor Alex Noerdin greeted Jokowi upon his arrival, after which the president proceeded to the Jakabaring Sport Arena. As part of his trip to Palembang, the president is also expected to inaugurate the rowing track for the Asian Games in Jakabaring. According to Public Works and Public Housing (PUPR) Minister Basuki Hadimoeljono, all venues for the 2018 edition of the games in Jakabaring Sport City have been completed and are now ready to host the sporting events.   https://en.tempo.co/read/news/2018/07/12/056919919/LRT-Development-for-Asian-Games-Progresses-to-90-percent 
Top 15 Carriers In 2017
27 Feb 2018
The total vessel capacity operated by the top 15 container carriers grew by 12.6% in the last year. Over the course of 2017, the same carriers’ combined share of the global container ship capacity increased from 78.6% to 85.1%, as the top 15’s grip of the global container trades continued to strengthen. The 15 carriers grew their operated capacity from 16.27 Mteu in 2017 to 18.32 Mteu on 1 January 2018 to, based on Alphaliner records. This ­gure includes capacity operated by companies that were acquired during the period. Over the same period, the global liner capacity increased by 3.9% from 20.69 Mteu to 21.51 Mteu. However, not all of the carriers recorded gains, as two carriers posted reductions in their operated capacity. The biggest loser was Hyundai Merchant Marine (HMM), whose capacity fell by 23.9% from 456,000 teu in 2017 to 347,000 teu at the beginning of 2018. The reduction was due mainly the withdrawal of numerous HMM ships from the Asia - Europe and Asia - East Coast of North America routes. The ships were chartered out to Maersk and MSC under a strategic cooperation agreement, known as 2M+HMM, that took effect on 1 April 2017.             In contrast, the main gainer last year was the Maersk Group, whose operated capacity grew by 26.8% to reach 1.80 Mteu on 1 January 2018, up from 1.62 Mteu twelve months earlier. In case of Maersk, the recent takeover of the German carrier Hamburg Süd contributed a large part of the capacity increase. Without the purchase however, Maersk would still have grown organically by some 10%. Meanwhile, the idle containership ­eet of over 500 teu has fallen to 99 ships for 377,784 teu as at 8 January, down significantly compared to the same time last year when 351 ships for 950,000 teu were unemployed. The remarkable change in fortunes for the classic panamax sector continues to drive the fall in the idle fleet, with only 13 units of 3,000-5,100 teu units are presently unemployed compared to 99 units at the same period last year.