Commercial Attache
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Embassy of Indonesia, Ottawa - Canada
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A Congestion troubles plague Indonesian ports
The Indonesian ports of Pontianak, Banjarmasin and Belawan are experiencing congestion ahead of the Muslim holiday of Idul Fitri.
“Congestion at the three ports is getting worse,” Asmari Herry, co-chairperson for container transportation at the Indonesian National Shipowners’ Association (INSA), told CargonewsAsia.
Canada can't ignore ASEAN region
Already seen as a laggard in China and India, Canada can ill afford to miss out on the economic boom in Southeast Asia.
Canada has dragged its heels developing trade with southeast Asian nations, and a scathing report says that gaffe has left us on the margins while other countries organize lucrative pacts in one of the most important economic regions in the world.
World markets sink, yen surges on recovery fears
The drop in global stock markets accelerated Tuesday after surprisingly weak U.S. housing figures reinforced fears that the world’s largest economy may be heading back to recession, barely a year after emerging from its deepest downturn since World War II.
As worries over the U.S. economic slowdown swelled, the Dow Jones industrial average briefly dropped below 10,000 for the first time since early July, while the yen surged to a 15-year high against the dollar and a nine-year best against the euro.
Govt establishes renewable energy directorate general
The energy and mineral resources ministry has established a new directorate general for managing renewable energy and energy conservation.
Energy and Mineral Resources Minister Darwin Zahedy Saleh appointed Luluk Sumiarso as the director general for renewable energy and energy conservation on Tuesday.
Governments of Canada and BC Launch Asia Trade Program
Joint funding of $2,030,000 for the B.C. Economic Innovation Partnership Program, a program to boost trade and investment with Asia, was announced today by the Government of Canada and the Province of British Columbia.
The announcement was made by the Honourable Stockwell Day, President of the Treasury Board, Minister for the Asia Pacific Gateway and Member of Parliament for Okanagan – Coquihalla, on behalf of the Honourable Lynne Yelich, Minister of State for Western Economic Diversification, and Iain Black, British Columbia’s Minister of Small Business, Technology and Economic Development.
Consumer demand spurs fair trade
Six years ago, Ontario Natural Foods of Mississauga carried very few fair trade products among the 4,000 items it supplies to food co-ops, small retailers and such major corporations as Whole Foods. This year, fair-trade fruits, vegetables, spices and coffee will account for five per cent of its $32 million in sales.
In 1999, a group of socially minded university students in Vancouver decided to help struggling coffee growers in the highlands of Guatemala. That first year they brought back about 340 pounds of green coffee beans in their backpacks. This year BC Casa, the organization they founded, will ship 60,000 pounds, enough to fill two giant containers, which will be sold under the fair-trade Cafe Justicia label.
Jakarta to Increase Capital Spending
JAKARTA—The Indonesian government Monday proposed to increase capital spending by 28% to 121.7 trillion rupiah ($13.57 billion) this year, mainly to finance infrastructure development.
The government is targeting $161 billion in total infrastructure investment between 2010 and 2014 to boost annual economic growth to around 7.7%. Indonesia’s infrastructure suffers from years of neglect and has proved to be an obstacle to further economic growth. Analysts say the lack of legal clarity and difficulties in land clearing continue to be the main hindrances for infrastructure investment in the country.
Strong exports drive air cargo business
Air freight worldwide has grown by over 20 percent every month this year as global exports fuel the economic recovery.
The Airports Council International (ACI) said June results show that the major international freight hubs of Shanghai, Hong Kong, Frankfurt, Miami, Incheon and Dubai have grown even faster than the world average at 25 percent compared to 2009.
Asian Small Business Leaders Focused on Cost-Control
The leaders of small- and mid-sized businesses in Asia are confident they’ve turned the corner on the recession, but they’ve become greatly worried about rising costs in their region, a new UPS survey shows.
Unlike the United States, where inflation remains largely under control, the Asian business leaders cite rising costs as their No. 1 “most pressing business concern” by a margin of 2-to-1 over other issues such as cash flow and interest rate hikes.
Box surcharges soar on Asia-Canada run
The cost of shipping consumer goods from Asia to Canada is surging, with another price increase kicking in Sunday, as freight forwarders face a shortage of containers this summer and fall, reported The Globe and Mail.
“This is traditionally the peak season for imports coming from China to Canada,” said Perry Lo, president of Canaan Transport Group Inc, a freight forwarding firm based in Mississauga, Ontario. “And now we face a huge price hike.”
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