Indonesia’s President Joko Widodo unveiled plans this week for a "big bang" loosening of restrictions on foreign investment covering nearly 50 sectors of the economy - including the logistics sector - in order to stimulate economic expansion to reach a 7.0 per cent year-on-year gross domestic product (GDP) growth rate by 2019. The changes to Indonesia's Negative Investment List (Dafter Negatif Investasi) - the document that stipulates to what extent foreign investors can own businesses in … [Read more...] about Indonesia announces “big bang” opening up including logistics, e-commerce sectors
Carriers
Bangladesh’s garment trade hit hard by concerns over Dhaka airport security
Security concerns over Bangladesh’s Dhaka Shahjalal International Airport are threatening impacting imports and exports, particularly the country’s lucrative garment trade. A recent ban by the Australian government on certain types of air cargo going Down Under has badly dented Bangladesh’s ready-made garment trade. Similarly, the UK Civil Aviation Authority urged Bangladesh in January to adopt new security measures within the next three months, insisting on a “three-layer security system” … [Read more...] about Bangladesh’s garment trade hit hard by concerns over Dhaka airport security
Kenyan flower growers smelling like roses from North American demand
IAG Cargo is counting on blossoming flower trade for Kenyan growers as Valentine’s Day fast approaches. IAG Cargo said initial initial figures show that flower volumes destined for the US have increased over 50 per cent on last year’s season, with popular destinations including Vancouver and New York. This increase in shipments reflects a wider trend, according to IAG, with increased e-commerce capabilities enabling buyers, particularly in the US, to source flowers directly from farmers, … [Read more...] about Kenyan flower growers smelling like roses from North American demand
AA Cargo enhances cargo tracking ability
American Airlines Cargo has introduced new redesigned tracking functionalities on its website. Developed to increase visibility into the entire shipping process and offer a more customised experience, the enhanced tracking capabilities will improve shipment visibility for all customers from booking to delivery, the carrier said. The enhanced features include: Live 'at-a-glance' status updates via color-coded progress bars; detailed flight, AWB and Customs information; simple access and … [Read more...] about AA Cargo enhances cargo tracking ability
Lithium battery issue reignited after US safety regulators issue alerts
Earlier this week the US Federal Aviation Administration (FAA) issued a safety alert to US and foreign commercial passenger and cargo airlines, urging them to conduct a safety risk assessment to manage the risks associated with transporting lithium batteries as cargo. The alert coincides with the release by the US National Transportation Safety Board which also issued two safety recommendations on Tuesday. These include recommendations to physically separate lithium batteries from other … [Read more...] about Lithium battery issue reignited after US safety regulators issue alerts
ICAO reaches agreement on CO2 emissions standard
Governments, industry and environmental groups meeting at the International Civil Aviation Organisation (ICAO) have finalised the design of the first global certification standard for CO2 emissions from new aircraft. The new environmental standard was unanimously recommended by the 170 international experts on ICAO's Committee on Aviation Environmental Protection (CAEP), paving the way for its ultimate adoption by the UN agency's 36-State Governing Council. The standard, which has taken six … [Read more...] about ICAO reaches agreement on CO2 emissions standard