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B20 POLICY SAVES US$1.66 BN IN FOREIGN EXCHANGE

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Vice Minister, Arcandra Tahar.

Greatindonesia.co.id, Jakarta – The 20 percent blended biodiesel (B20) policy has saved US$1.66 billion (Rp23.6 trillion) of the country’s foreign exchange reserves from January to July 2019, the Ministry of Energy and Mineral Resources has revealed. The savings occurred because nearly 100 percent of the mixed-energy fuel had been efficiently used during the period, Vice Minister Arcandra Tahar confirmed here, Monday (12/8/2019).

The government had allocated 6.20 million kiloliters B20 or 44 percent of the total quota of diesel imports, the vice minister stated after attending a coordinating meeting in Jakarta.

From the total figure, the use of B20 had reached 97.4 percent, Tahar said.

In 2016, the Indonesian government introduced the mandatory use of mixed 20 percent biodiesel and 80 percent diesel fuel to the consumers as a response to the drastic fall of crude palm oil’s price at the global market.

Indonesia, one of the largest CPO producers in the world, was hit by the commodity’s markdown, and it had contributed to the country’s trade deficit and current account deficit.

Therefore, the B20 mandatory policy was not only aimed to ease the deficit but also to reduce the dependency toward imported diesel fuel in the country. (vir)

REAL SECTOR

MINISTRY OF TRADE PLANS GOOD DESIGN INDONESIA 2020

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Director General of National Export Development, Dody Edward.

Greatindonesia.co.id, Jakarta – The Ministry of Trade through the Directorate General of National Export Development (PEN) will hold the 4th Good Design Indonesia, an award for best design product, in 2020. The competition becomes the real support of the Ministry of Trade in motivating and encouraging businesses to develop design-oriented Indonesian products in the global market.

“Through Good Design Indonesia, we can introduce domestic products that have added value through the development of designs, while at the same time encouraging the performance of Indonesia’s non-oil exports to the world market,” Director General of National Export Development Dody Edward said in a statement here Tuesday (3/12/2019).

The registration will be open from January 2 to March 31, 2020. This event is open to all businesses and designers, Edward explained.

To participate in the competition, products must be manufactured and marketed in Indonesia and designed by Indonesian designers.

Entrepreneurs and designers interested in participating can register their products through the site http://iddc.kemendag.go.id/gdi/.

Edward revealed 18 product categories that were selected for the Good Design Indonesia 2020, namely accessories and personal items; children and stationery; comfort and hobbies; kitchen utensils and daily necessities; home furniture and household goods; household appliances; and information and communication technology equipment.

Besides, home supplies; mobility; equipment and facilities for manufacturing and medical treatment; equipment and facilities for shops, offices and public spaces; private housing, small apartments; housing (housing complex) medium to large, and construction for industrial, commercial and public facilities. Then, media, contents, and packaging; systems and services; business models and methods; projects and activities.

The Good Design Indonesia 2020 will focus on the value of sustainable lifestyles that look at products from the perspective of users, industry, social, and the masses, according to Dody. The participants are expected to package their products with stories that are filled with ideas and concepts about the creation of a product.

Indonesian business people and designers were eagerly looking forward to the event, Dody asserted.

The winners will receive several benefits, including product publicity, appearing in national and international product exhibitions, recognition for wearing the Good Design Indonesia logo, as well as the opportunity to take part in the G-Mark event.

Also, the Ministry of Trade will facilitate the winners to be included in business forums or exploring foreign trade agreements, as well as being displayed on the permanent trade display of the Indonesian Trade Promotion Center (ITPC). (ant)

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JAKARTA

LRT JAKARTA COMMERCIALLY OPERATES WITH FLAT-RATE TARIFF

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LRT Jakarta had opened a free-of-charge trial run to the public from July to late November 2019, with a route covering six stations - Velodrome, Equestrian, Pulomas, Boulevard Selatan, Boulevard Utara, and Pegangsaan Dua.

Greatindonesia.co.id, Jakarta – Jakarta’s light rail transit (LRT) officially operated commercial services on Sunday (1/12/2019) morning by applying a flat-rate tariff of Rp5,000 (36 cents) per passenger per trip.

LRT Jakarta had opened a free-of-charge trial run to the public from July to late November 2019, with a route covering six stations – Velodrome, Equestrian, Pulomas, Boulevard Selatan, Boulevard Utara, and Pegangsaan Dua.

Around 30 percent of the tariff is subsidized by the Jakarta provincial government as the actual tariff for the operational service could reach tens of thousand rupiah.

The General Manager of LRT Jakarta’s Operation and Service Aditya Kesuma confirmed that the subsidized tariff would not have any impact on its service since it is a public service oriented.

“LRT also has a partnership agreement with the government concerning on minimum service standards that we have to implement,” Kesuma noted. (ibl)

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GARUDA EXPECTED TO OFFER AFFORDABLE FLIGHT TICKETS : LEGISLATOR

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Garuda Indonesia has prepared 2,495 additional seats and 967,771 regular seats.

Greatindonesia.co.id, Jakarta – National flag carrier Garuda Indonesia is urged to issue a cross-subsidy policy to offer reasonable flight tickets for eastern Indonesian cities, a legislator noted in a press statement received here, Thursday (28/11/2019).

“We are optimistic that Garuda would offer cross-subsidy service for passengers traveling to eastern Indonesia. If this service is not available, our community members in eastern Indonesia will have to bear more burden,” Muhammad Aras stated.

Aras, a member of the House of Representatives’ (DPR’s) Commission V overseeing transport, telecommunications, public works, and public housing affairs, highlighted the dire need for affordable flight tickets in the run-up to the Christmas and New Year holiday season.

This legislator, representing the United Development Party (PPP) Faction, noted that most Indonesians residing in various cities in eastern Indonesia will usher in this year’s Christmas and 2020 New Year’s Eve.

To cater to the needs of community members to travel during the Christmas and New Year holiday season, Garuda Indonesia has prepared 2,495 additional seats and 967,771 regular seats.

A rise of two to three percent was expected in the total number of passengers traveling during this year-end’s holiday season than that of last year, he stated, adding that Garuda Indonesia did not make preparations for additional flights this year.

In its place, this national airline will operate wide-bodied aircraft, such as Boeing 777 and Airbus 737. This decision was taken on the basis of operational efficiency.

In the meantime, train operator, PT Kereta Api Indonesia (KAI), had earlier announced its decision to operate 114 train trips daily to serve passengers during the Christmas and New Year holiday season.

“For this year, the transportation period for Christmas and New Year was made effective for 18 days. It begins on December 19, 2019, and ends on January 5, 2020,” Executive Vice President of PT KAI’s Jakarta Operational Area I, Dadan Rudiansyah, stated.

To cater to the requirements of passengers during the upcoming holiday season, PT KAI has also readied facilities and human resources to ensure journeys are smooth and safe.

PT KAI’s Jakarta Operational Area I will also operate 13 additional trains for this year’s Christmas and New Year’s Eve. Eight of them will depart from Gambir Station, while five others will leave from Pasar Senen Station, Rudiansyah stated. (ant)

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