- MAHB Implements Improvement Initiatives At KLIA
- IATA Optimistic Over Global Air Freight Outlook In 2018
- 30 IPTA Students Participate In E-commerce Training Programme In China
- Consumption-driven economy to drive China’s continued trade growth
- Indonesian Government revises tax incentive regulation
MAHB Implements Improvement Initiatives At KLIA
A slew of improvement initiatives are being executed at the Kuala Lumpur International Airport (KLIA) this year to cater to increasing growth in passenger traffic movement, said Malaysia Airports Holdings Bhd. The initiatives are expected to improve KLIA’s global rankings and enhance service levels as a whole for an important stakeholder – airport users. Managing Director, Datuk Badlisham Ghazali said the airports operator had started the year by implementing immediate quick-wins that had gained positive feedback from the public and netizens, respectively. It included working with the Immigration Department to open common counters during peak periods to reduce queuing time and enforcing strict measures to reduce traffic congestion at the pick-up and drop-off lanes. “We will share our progress updates periodically on long-term projects such as the overhaul and upgrade of aerotrains, runway assessment and maintenance and expansion works at our other airports, so that the public are more informed of the developments,” Badlisham said in a statement today.
IATA Optimistic Over Global Air Freight Outlook In 2018
The outlook for global air freight in 2018 is optimistic with expectations of a very healthy 4.5 per cent expansion of demand. International Air Transport Association (IATA) Director-General and Chief Executive Officer Alexandre de Juniac said consumer confidence is buoyant. “We see growing strength in international e-commerce and the transport of time- and temperature-sensitive goods such as pharmaceuticals,” de Juniac said. Challenges remain, including the need for industry-wide evolution to more efficient processes. “That will help improve customer satisfaction and capture market share as the expectations of shippers and consumers grow ever more demanding,” he added.
30 IPTA Students Participate In E-commerce Training Programme In China
Thirty students from public institutions of higher learning (IPTA) took part in the Youth E-Commerce Programme (YEP) in China, organised by the Higher Education Ministry (KPT) and the Alibaba Business School. KPT said the programme trained the students to enhance their businesses and entrepreneurial skills in global e-commerce. For 10 days, the students were exposed to customer management modules, e-commerce organisation development, online business operations and business communications as well as visited the T-Mall Shop and the operation office of Taobao, an online business platform under Alibaba Group. Alibaba is the world’s largest e-commerce organisation with 549 million global users.
Consumption-driven economy to drive China’s continued trade growth
China’s economic outlook remains positive, based on analysis in the Global Trade Barometer by DHL, the world’s leading logistics company — despite the country receiving the lowest growth index of the world’s seven largest economies. The first ever DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence, Big Data and predictive analytics suggests that Chinese exports — particularly those of consumer goods, machinery parts, and chemicals and products — will bolster the country’s near-term growth, underpinning sustained increases in air freight volumes out of China. However, the Barometer also found that Chinese ocean trade is losing momentum, largely due to the country’s reduced appetite for industrial raw materials. “The Barometer’s results also suggest that China’s push to raise higher-quality global exports and domestic consumer spending are having the desired effect on trade and future economic development, with core industries like automotive and industrial manufacturing continuing to hold strong,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific. According to the Barometer, the decline in ocean freight has been offset by resilient exports in China’s main industries: household goods, automotive, and machinery parts. The country’s growth indices for household goods and chemical products also remain strong, though a decline in consumer fashion products is expected to continue weighing down Chinese air exports in the next three months.
Developed jointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, taking into consideration the import and export data of seven large economies: China, South Korea, Germany, India, Japan, the United Kingdom, and the United States. Together, these countries account for 75 percent of world trade, making their aggregated data an effective bellwether for near-term predictions on global trade. The DHL Global Trade Barometer, which assesses commodities that serve as the basis for further industrial production, predicts that global trade will continue to grow in the next three months, despite slight losses in momentum.
Indonesian Government revises tax incentive regulation
The Indonesian government is revising a regulation on tax holidays and tax allowances to simplify the procedures to obtain such facilities in hopes of garnering interest from businesspeople. Industry Minister Airlangga Hartarto blamed complicated procedures for the reluctance of business people to apply for the facilities. Airlangga explained that to obtain a tax holiday, a taxpayer must apply for one with the tax office and their application would then be scrutinized by the Finance Ministry before it was reviewed by the verification committee. “There is no guarantee that their application will be accepted,” he added. The revised draft regulation to simplify procedures is being discussed at the ministerial level, he added. Investment Coordinating Board (BKPM) deputy for investment supervision Azhar Lubis hopes the regulation will be revised.