[Kabar-indonesia] 21 RI Biz/Econ Reports: Auto Sales May Recover; Coffee; Telkom; State Banks
JoyoNews at aol.com
JoyoNews at aol.com
Mon Jul 10 11:25:36 MDT 2006
21 reports:
- Automobile sales may recover in 4th quarter,
dealer says
- Indonesia Govt:Sumatra 1H Coffee Exports
Down 25% On Yr
- Indonesia MoF revises regulations on
debt management for state banks
- Indonesia extends rice import ban for
traders to Dec
- Indonesian international reserves dip to
$40.11 bln
- JP: Yunus Hussein named Asia-Pacific
Group on money laundering co-chairman
- Indonesia's Bank Niaga to sell remaining
stake in jv with Sumitomo Mitsui
- PT Telkom, seven partners to expand internet
streaming
- Indonesia demand for computers seen growing
at 20pct a yr
- Indonesian govt to freeze economy-class train
fares this year - report
- Indonesia's Jasa Marga to sell stake in
13 toll roads
- Dubai Islamic bank to send delegation to
Jakarta
- Ssangyong Engineering clinches US$130 mln
order in Indonesia
- Yamaha Motor H1 op profit to rise
15 pct - paper
- Indonesian unit of Malaysia's Ingress to
supply parts to Daihatsu
- Singapore's NatSteel says Indonesia's
Oei Hong Leong takeover offer lapses
- JP: Asmindo plans terminal for raw
materials
- Indonesia's exports to China reach
16 bln USD annually
- Indonesia moves to attract investment in
pulp industry
- Indonesia's Perhutani resists pressure to
lower pine resin price
- JP: DHL expands Denpasar gateway
Automobile sales may recover in 4th quarter, dealer says
JAKARTA, July 10 (Bloomberg): Indonesia's automobile sales may rebound in the
fourth quarter, as lower interest rates spur purchases of vehicles made by
Volkswagen AG, Suzuki Motor Corp. and their rivals, retailer PT Indomobil Sukses
Internasional said.
Fourth-quarter sales last year reached 94,092 units and slowed to 79,667
units in the first quarter, said PT Toyota-Astra Motor, which releases the sales
report of the Association of IndonesianAutomotive Industries. Demand will rise
as purchasing power recovers, said Gunadi Sinduwinata, president director of
at Indomobil Sukses, Indonesia's second-biggest automobile dealer.
Bank Indonesia cut its benchmark interest rate by a quarter percentage point
to 12.25 percent on July 6 and indicated more rate cuts may follow should
inflation ease further in Southeast Asia's biggest economy.
"This interest rate cut is a very important signal," Sinduwinata said in an
interview in Jakarta on July 6. "If monetary conditions continue to improve,
vehicle sales may recover in the fourth quarter."
Bank Indonesia cut rates to spur economic growth, which the World Bank says
may slow this year for the first time since 2001. Indonesia's average monthly
vehicle sales in the January to May period this year fell to their lowest in
four years, as consumersdeferred purchases on high fuel costs and interest
rates. Most Indonesians take a loan to buy a vehicle.
Monthly vehicle sales in Indonesia averaged 26,356 units in the first five
months of this year, the lowest since the monthly average of 24,618 units over
the same period in 2002.
Inflation reached an eight-year record high of 17.11 percent in 2005 after
the government raised fuel prices twice in the year to stem subsidy spending
amid high world oil prices. The World Bankin May said growth may slow to 5.5
percent this year from 5.6 percent in 2005.
Indomobil makes and sells Suzuki's vehicles in Indonesia. It also sells cars
made by Nissan Motor Co., Mazda Motor Corp. and Volkswagen.
Still, with recovery expected only in the last quarter of this year,
full-year sales may fall, Sinduwinata said. Total sales this year may decline about 25
percent to 400,000 units from 534,000 in 2005, he said.
------------------------------------
Indonesia Govt: Sumatra 1H Coffee Exports Down 25% On Yr
JAKARTA, July 10 (Dow Jones)--Indonesia's Sumatra coffee exports fell
25%on year in the January-to-June period, a trade official said
Monday.
Sumatra, Indonesia's core coffee growing region, exported 100,358
metric tons of coffee beans in the first six months of 2006, down from
133,977 tons in the year-earlier period.
Supply shortages caused by poor harvest yields and a lack of
carry-over stocks were responsible for the lower export volumes, the
official said. "All (carry-over) stocks were used up last year," he
said.
Industry officials last month said erratic weather patterns had hurt
harvest yields in the region. The official confirmed earlier forecasts
that indicated exports of less than 200,000 tons are a possibility
this year.
Harvesting of robusta coffee in Sumatra traditionally commences late
March, and peaks in late May before tapering off in July/August.
Sumatra's June coffee exports were down around 36% on-year to around
22,006 tons, from 34,582 last year.
Sumatra's 2005 coffee exports jumped 16.5% on year to 334,845 tons on
a combination of stronger global prices, and high domestic carry-over
stocks and production, an official said earlier this year.
Coffee beans from Sumatra's growing areas of Lampung, Bengkulu and
South Sumatra are exported via Lampung's Panjang port.
Robusta constitutes 85%-90% of Indonesia's domestic coffee output,
making it the world's third-largest robusta producer behind Vietnam
and Brazil.
The provinces of Lampung, Bengkulu and South Sumatra account for 75%
of Indonesia's robusta output, while arabica coffee is grown in
northern Sumatra, eastern Java and southern Sulawesi.
--------------------------------------
Indonesia MoF revises regulations on debt management for state banks
JAKARTA, July 10 (XFN-ASIA) - Finance Minister Sri Mulyani Indrawati
said her office is drafting revisions to the regulations governing the
handling of debt owed by state companies as one of the measures to
speed up restructuring of state banks' non-performing loans (NPLs).
The revision of the rule, namely government regulation No.14/2005, is
among the 59 action plans contained in the financial sector policy
package issued last week.
The revision is targeted for completion this month.
Before a revised government regulation can come into effect, it will
have to be issued by the state secretary.
Indrawati told a hearing with the Lower House of Parliament (DPR) that
the revision will create a level playing field for state banks.
She said state banks need "flexibility" in handling their NPLs so that
they can reduce their NPL levels at a faster pace.
State banks' NPLs are currently given equal treatment as debts owed to
the state, therefore management of these banks are not allowed to
offer any debt haircuts or auction off assets held as collateral for
the loans.
Indrawati said with the amendment of two main articles (19 and 20) in
the regulation, the write-off of debts owed to state companies or to
companies owned by regional governments will no longer require
approvals from the minister of finance.
Likewise, she said NPLs or receivables can now be resolved by the
companies themselves according to existing regulations, such as the
regulation on limited-liability companies and state companies.
"Hence, the writeoff of bad debts should be decided by the state firms
themselves," she said.
But bad debts that had been transferred to the ministry of finance's
Directorate General for Government Claims Affairs (known as the DJPLN)
for auction will be settled by that agency, she said.
In the event the state banks are unable to restructure their NPLs,
they can look for other available options allowed by law such as
bankruptcy litigation or the auction of collateral.
-----------------------------------------------------------------
Indonesia extends rice import ban for traders to Dec
JAKARTA, July 10 (Reuters) - Indonesia has extended a rice import ban
for private traders until December 2006 on expected higher rice output
this year, a senior government official said on Monday.
The rice import ban, due to expire on July 31, will be extended to
Dec. 31, 2006, said Bayu Krisnamurthi, deputy for the Coordinating
Minister for the Economy.
"We decided that rice imports are not needed. National rice stocks are
projected to have a surplus of 109,000 tonnes," Krisnamurthi told
reporters.
Production of milled rice is expected to stand at 31 million tonnes
this year, while consumption will be around 30 million, Krisnamurthi
added.
The ban has been in place since early last year to combat rampant
smuggling that had disrupted domestic prices of local rice -- a staple
for the country's 220 million people -- particularly during the
harvest period.
Last November, Jakarta partially lifted the ban on rice imports by
appointing state logistics agency Bulog to import rice for a buffer
stock to curb inflation.
-------------------------------------------------------------------
Indonesian international reserves dip to $40.11 bln
JAKARTA, July 10 (Reuters) - Indonesia's international reserves fell
to $40.11 billion at the end of June from $44.17 billion a month
earlier, central bank data showed on Monday.
Bank Indonesia said on its Web site ( www.bi.go.id ) that base money
rose to 247.74 trillion rupiah ($27.34 billion) at the end of last
month from 236.38 trillion in the fourth week of May.
The figures below are in trillions of rupiah, except for international
reserves, which are presented in billions of dollars.
June 30 May 29
Base money 247.74 236.38
Net domestic assets 7.17 -0.52
Net claims on government 218.03 212.88
International reserves 40.11 44.17
-----------------------------------
The Jakarta Post
July 10, 2006
Yunus Hussein named APG co-chairman
MANILA: The Asia-Pacific Group on money laundering has appointed the chairman
of the Indonesian Financial Transaction Reports and Analysis Center, Yunus
Husein, as its co-chairman for the 2006-2008 term.
Replacing former co-chairman Nobuyoshi Chihara, the president of Japan
Financial Intelligence Office, Yunus will work together with co-chairman, Mick
Keeltry, of the Australian Federal Police.
The group appointed Yunus during a plenary session in its Ninth Annual
Meeting in Manila, the Philippines, this week, which was attended by more than 250
participants from 32 member countries, observers from six non-member countries
and 10 international organizations, including the IMF and the World Bank.
The meeting, opened by the Philippines president Gloria Macapagal Arroyo,
also appointed Indonesia as the host for APG Typologies Workshop 2006, which is
scheduled for Nov. 14-16.
-------------------------------------
Indonesia's Bank Niaga to sell remaining stake in jv with Sumitomo Mitsui
JAKARTA, July 10 (XFN-ASIA) - PT Bank Niaga said it will sell its 0.71
pct stake, equivalent to 10,691 shares, in joint venture bank PT Bank
Sumitomo Mitsui Indonesia at 950,000 rupiah per share.
Bank Niaga president Peter Benyamin Stok said in a statement one
potential buyer is Sumitomo Mitsui Banking Corp of Japan, which now
holds 98. 29 pct of Bank Sumitomo Mitsui Indonesia.
"As a result of a revision in Bank Niaga's 2006 strategic plan, Bank
Niaga is planning to divest all its shares in PT Bank Sumitomo Mitsui
Indonesia," Stok said.
--------------------------------------------------------------------
PT Telkom, seven partners to expand internet streaming
JAKARTA, July 10 (Asia Pulse/Antara) - State-owned telecommunications
operator PT Telkom Indonesia Tbk signed here this weekend a Memorandum
of Understanding (MoU) with seven telecommunications companies for the
expansion of its internet streaming service.
Four of the seven partners signed the MoU. They were PT Cipta Maya
Solusi, PT Cowon Indonesia, PT Namu Solution Indonesia, PT Indonusa
Telemedia.
PT Jaspace Net will provide content gaming online service, PT
Pentacahaya Computindo will be involved in school community
development, and PT Bolehnet Indonesia will take part in the provision
of the broadband content internet game service.
The speedy service is broadband access service applying asymmetric
digital subscriber line (ADSL) technology for high-speed Internet and
data access.
PT Telkom Managing Director Arwin Rasyid said after signing the MoU in
the presence of Research and Technology Minister Kusmayanto, that
speedy service users are expected to grow from only 30,662 line units
in 2005 to 246,151 line units by the end of 2006, soaring to 937,706
line units in 2007 and 1,431,137 line units in 2008.
PT Telkom has since July 7, 2006 expanded its speedy service network
to 22 cities/towns in its seven regional divisions, from only eight
cities namely Medan, Jakarta, Bogor, Bandung, Semarang, Surabaya,
Makassar and Denpasar previously.
Telkom's income from its data and Internet service in the 2005
accounting year reached approximately Rp6 trillion ($US653.2 million).
The average cost of the speedy service application by each user,
according to Arwin, has reached about Rp486,000 per month.
---------------------------------------------------------------------
Indonesia demand for computers seen growing at 20pct a yr
JAKARTA, July 10 (Asia Pulse/Antara) - Demand for computers in
Indonesia is expected to grow by an average of 30 per cent annually,
after it plummeted 56 per cent in 1980 to 201,000 units from 450,000
units in 1997 in the wake of the financial crisis.
"After the 1980 crisis, computer sales in the country had dropped, but
almost restored to the 1977 level of 435,000 units in 2001," President
Director PT.Zyrexindo Mandiri Buana, Timothy Siddik said here on
Sunday.
He explained that during the four years (1998 - 2001), there was a 50
per cent jump in demand for computers on the international market, but
Indonesia unfortunately could not enjoy the boost.
He said that if Indonesia was not hit by an economic crisis, demand
for computers in domestic market would have reached 2.3 million units
in 2005/2006.
In 2005, computer sales in Indonesia reached about 858,000 units, or
up by 18 per cent compared to 759,000 units in 2004.
Timothy predicted that in 2006 computer sales would increase by 23 per
cent to 987,000 units.
He also projected that starting in 2006 computer sales will grow by an
average of 20 per cent a year, so that it was predicted the sales
might reach 1.6 million units by 2009.
Furthermore, he also said that computer penetration in Indonesia is
still low at only 1.9 to 2.0 per cent.
"It means that in every 100 people, including at offices, only two
have a computer," he said.
According to him, the situation was different in Indonesia's
neighboring countries such as Malaysia, where the rate has reached 20
per cent, 9 per cent in Thailand, and 6.5 per cent in China.
----------------------------------------------------------------------
Indonesian govt to freeze economy-class train fares this year - report
JAKARTA, July 10 (XFN-ASIA) - The government has decided not to
increase economy-class train fares this year to avoid raising the cost
of living for low-income groups, Bisnis Indonesia reported.
The newspaper quoted Transportation Minister Hatta Radjasa as saying:
"People who use this type of train are mostly from low-income groups.
Their purchasing power remains low."
Instead of raising fares, the government will propose to the House of
Representatives increasing subsidies for economy-class train fares.
This year, they are subsidized to the tune of 350 bln rupiah.
For next year, the government is proposing subsidies of 506.54 bln
rupiah, the newspaper said.
--------------------------------------------------------------------
Indonesia's Jasa Marga to sell stake in 13 toll roads
JAKARTA, July 10 (Asia Pulse/Antara) - State-owned road building
company PT Jasa Marga said it will sell part of its shares in 13 toll
roads, which have been granted a concession of 40 years.
The first step toward the share sales will be to establish
subsidiaries to operate each of the 13 toll roads, Jasa Marge
President Frans Satyaki Sunito said, adding the sales will be made via
public offering.
Sunito said the company will use the funds raised from the share sales
to finance new toll road projects.
Jasa Marga is studying three new toll road projects --
Gempol-Pasuruan, Semarang- Solo and Bogor Ring road -- in Java.
---------------------------------------------------------------------
Dubai Islamic bank to send delegation to Jakarta
JAKARTA, July 10 (Asia Pulse/Antara) - The Dubai Islamic Bank, a
would-be investor in the Jakarta Monorail project, will send a
delegation to Indonesia next week to meet Jakarta Governor Sutiyoso.
"Representatives of the Dubai Islamic Bank will arrive here next
week," Governor Sutiyoso said on Saturday.
The Jakarta governor said the finance ministry and the Infrastructure
Development Acceleration Committee (KKPPI) were currently discussing
important points on risk guarantees for project investors.
He said clear regulations on foreign investment were crucial to lure
foreign capital to Indonesia.
The regulations should not be bureaucratic and should make foreign
investment more competitive, he said.
Dubai Islamic Bank was expected to provide US$500 million in funds for
the Monorail project.
The monorail project would consist of two railway lines, namely a 13.5
km-long blue line connecting Kampung Melayu, East Jakarta, and Roxy,
West Jakarta, with 11 stop-over stations, and a 14.3 km-long "green
line" circling from Rasuna Said-Gatot Subroto-Sudirman Central
Business District-Senayan-Pejompongan, and back to Rasuna Said with 14
stop-over stations.
The Jakarta Monorail was expected to be in a trial operation starting
November 2006, while the green line is scheduled to be operational
fully n late 2007, and the blue line in mid-2008.
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Ssangyong Engineering clinches US$130 mln order in Indonesia
SEOUL, July 10 (Yonhap) -- South Korea's Ssangyong Engineering &
Construction Co. said Monday it has clinched an order worth US$130
million from an Indonesian real estate developer to expand a multiplex
in Jakarta.
The order calls for Ssangyong to add a 41-story office building, a
47-story apartment block and a six-story shopping center for the
multiplex, Plaza Indonesia, under the contract with PT Plaza Indonesia
Realty Tbk.
The project will be completed by April 2009, the builder said.
In 1991, Ssangyong built the current building comprising a hotel and a
shopping center in Jakarta's central commercial district.
The company, a former construction arm of Ssangyong Group, was
released from a creditor-led debt workout program in October 2004 and
is expected to be put up for sale next year.
------------------------------------------------------------------
Yamaha Motor H1 op profit to rise 15 pct - paper
TOKYO, July 10 (Reuters) - Yamaha Motor Co. , the world's
second-biggest motorcycle maker, will likely post a 15 percent rise in
its half-year profit thanks to solid sales in Southeast Asia, the
Nihon Keizai business daily reported.
The paper said on Saturday that Yamaha was expected to report a group
operating profit of around 65 billion yen ($570 million) in the
January-June first half, beating its own projection by 5 billion yen,
boosted also by the weaker yen. The company's motorcycle shipments in
Indonesia rose 20 percent to 520,000 units in the January-May period,
when total shipments in the country dropped 25 percent from a year
earlier, the paper said.
Yamaha's sales in Thailand also climbed some 60 percent, while Vietnam
sales jumped about 80 percent, it said.
For the year to December, Yamaha had forecast a group operating profit
of 115 billion yen, lower than a consensus projection of 122.44
billion yen in a poll of nine analysts by Reuters Estimates.
------------------------------------------------------------------
Indonesian unit of Malaysia's Ingress to supply parts to Daihatsu
KUALA LUMPUR, July 10 (Asia Pulse) - PT Ingress Malindo Ventures, the
Indonesian subsidiary of Ingress Corporation Berhad (KLSE:7112), has
been awarded a contract from Daihatsu Indonesia to supply inner sash
and weatherstrip mouldings for a new model.
On July 5, PT Ingress Malindo Ventures received a letter of intent
dated 27 June 2006 from Daihatsu Indonesia, Ingress said in a
statement to Bursa Malaysia on July 7.
It said the supply of the auto parts is expected to commence at the
end of the financial year ending 31 January 2008 for a duration of
five years to produce about 355,000 car sets.
This is expected to generate total revenue of Rp 23,700 million
(US$2.6 million).
Ingress said it will invest about Rp 2,356 million in tooling and
machinery for the project.
An additional Rp 12,434 million will be invested for factory expansion
and common machinery as the volume generated from this project
together with the existing contracts will make it feasible to commence
full manufacturing in Indonesia, it said.
The present arrangement for the supply of semi-finished items for the
existing contracts from the Nilai factory in the Malaysian state of
Negeri Sembilan will cease.
-------------------------------------------------------------------
Singapore's NatSteel says Indonesia's Oei Hong Leong takeover offer lapses
SINGAPORE, July 10 (XFN-ASIA) - NatSteel Ltd said the Indonesia-based
Oei Hong Leong Foundation Pte Ltd's takeover offer on NatSteel shares
has lapsed.
Oei Hong Leong had offered 1.30 sgd per share for the remainder of
NatSteel shares that it does not own.
NatSteel said the group of Indonesian businessman Oei Hong Leong
failed to secure the level of acceptances required to make its
mandatory cash offer for NatSteel unconditional.
At the close of its offer, Oei Hong Leong Foundation controlled 31.21
pct of NatSteel, from 30.02 pct when it made the offer on May 26.
NatSteel today closed 0.01 sgd higher at 1.31.
------------------------------------------------------------------
The Jakarta Post
July 10, 2006
Asmindo plans terminal for raw materials
The Jakarta Post, Jakarta
The Indonesian Furniture Industry and Handicrafts Association
(Asmindo) is proposing the development of a special terminal in
Surabaya to certify wood and rattan raw materials shipped from
producing areas in Kalimantan, Sulawesi and Papua.
Asmindo chairman Ambar Tjahyono said the terminal could screen and
certify timber sent to it from local producers to ensure the
association's members were not using wood that had been illegally
felled. This process would help Indonesian exporters satisfy
international markets concerned about the use of illegal timber here,
he said. He did not detail how local producers could ensure that the
timber was milled from sustainable forests.
"We have to seek ways to help revive the (furniture) industry. What is
being questioned at the moment is whether the raw materials are legal.
A terminal could help ease doubts about the legality of the logs,"
Ambar told detik.com during the weekend after meeting officials at the
Industry Ministry.
"The industry minister (Fahmi Idris) supports the plan. The main
terminal will be located in Surabaya, but in the future a similar
facility will also be developed in Cirebon (West Java), Semarang
(Central Java), and in Yogyakarta to lower costs," he added.
Ambar said studies had shown most illegally felled timber was smuggled
out of the country to overseas furniture producers, particularly in
China and Malaysia.
The use of cheaper illegal Indonesian timber by overseas furniture
makers had caused local producers to face tough competition both in
export and domestic markets, he said.
The local furniture industry in Java consumes about 6 million cubic
feet of logs and 300,000 tons of rattan per year.
The furniture industry plays a crucial role in the economy, since it
involves some 3,500 companies directly employing more than two million
people across the archipelago.
The country's furniture exports this year are projected to increase
this year by 6 percent to US$2.2 million, Asmindo said.
--------------------------------------------------------------------
Indonesia's exports to China reach 16 bln USD annually
JAKARTA, July 9 (Xinhua) -- Chairman of the Indonesia-China Business
Council (ICBC) Pusat Sharif C. Sutardjo said Indonesia's exports to
China reached 16 billion U.S. dollars annually, while its imports were
less than 16 billion U.S. dollars yearly.
"This will give positive impact to the Indonesian economy," Antara
news agency quoted Sharif as saying on Sunday after inaugurating the
new executive board of the ICBC in Bali island.
He said the exports had yet to involve small-and-medium scale businessmen.
Indonesia, meanwhile, imported hundreds of kinds of commodity from
Chinese small-and-medium scale businesses.
He expressed the hope that the ICBC would bridge cooperation between
Indonesian businesspersons and their Chinese counterparts so that
Indonesia's exports to China would increase.
"The benefit of the cooperation is expected to touch people of all
layers in society, besides bringing advantage to small-and- medium
scale's products," he added.
This condition, according to Sharif, was important as the Indonesian
economy, in reality, had yet to develop as expected although
macro-economically it had shown better improvement.
"This can be seen in increased number of unemployment from 9 million
to 11 million and of poor families which had reached 36 million," he
said.
------------------------------------------------------------------
Indonesia moves to attract investment in pulp industry
JAKARTA, July 10 (Asia Pulse/Antara) - Indonesia hopes to attract
investment, especially foreign investment, in the pulp industry in
2009 -- when plantation forest projects have been ready for harvest.
Director General of Agro and Chemicals Benny Wahyudi said the
government has prioritised developing plantation forests to supply
wood logs for the timber processing industry including the pulp
industry.
Wahyudi said that when all plantation forest projects have been
completed they will be an attractive investment project.
He said Indonesia is expected to attract investors from Scandinavia
and North America as a number of factories there have been closed due
to rising raw material prices.
He said Indonesia could start harvesting in 6 years from when
seedlings are planted, in comparison to between 20 an 30 years in
Scandinavia and North America.
-------------------------------------------------------------------
Indonesia's Perhutani resists pressure to lower pine resin price
JAKARTA, July 10 (Asia Pulse/Antara) - State forestry company Perum
Perhutani said it will reject a request by China to reduce the price
of its pine tree resin to below US$900 per tons.
Perhutani could sell pine tree resin on the domestic market for US$900
or more per ton, company President Transtoto Handadari said.
Handadari said many buyers would buy the resin for US$950 per ton.
He said the buyer of resin in China is Hexion, which has contracts
with Germany's Tell Her, which will buy the resin from it.
Earlier, Tell Her regularly imported 10,000 tons of pine tree resin
from Indonesia but now its imports have declined to only 3,500 tons a
year.
------------------------------------------
The Jakarta Post
July 10, 2006
DHL expands Denpasar gateway
DENPASAR: The world's leading express and logistics company, DHL, inaugurated
Friday the expansion of a gateway at the cargo terminal of Ngurah Rai
International Airport in Denpasar, Bali.
The new and improved gateway comprises 288 square meters of warehousing space
and 180 sq m for office and administrative activities. It features an
integrated design to house sales, service, warehousing and administration functions
under one roof.
"In terms of cost efficiency, the expanded gateway will eliminate overlapping
rental, maintenance and security costs," said David Ng, senior technical
advisor for PT Birotika Semesta, which runs DHL's operations in Indonesia.
National area manager Welty Tambunan said the expansion could boost
international trade for Bali and accommodate future air express and logistics volume
growth, since Bali was the site for many local and foreign companies engaged in
manufacturing.
The expansion is part of DHL's ongoing program to enhance its network of
branch offices, service centers and gateways in Indonesia.
------------------------------------------
Joyo Indonesia News Service
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