Economic Policy Package XI, Revamping Logistics

After issuing the Economic Policy Package X, now the Government is preparing Economic Policy Package XI which will be issued next week. This policy package will be touching the logistical matter, by removing rules of various inhibiting factor of smooth traffic logistics in the country.

More clearly, stated that the policy package will contain inter alia the rules on the logistics cost reduction, set the dwelling time of goods at the port, as well as the improvement of the investment climate in the sector. In line with this policy package, the Government is expected be able to be thinking about how to accelerate the decline in interest rates on loans, due to high interest rates become one of the burden on the national logistics businesses.

Logistics issues have been the focus of Government because until now the logistics costs in Indonesia is still relatively expensive when compared with other countries. It was believed to be one part that hamper economic growth, weaken competitiveness and make the cost of basic necessities is not stable.

Source : Summarized from Bisnis Indonesia (25 February 2016)