AEC Feed

ASEAN+ March 25, 2019 01:00

By Asia News Network

2,242 Viewed

Bank Indonesia helps promote specialty coffee



Bank Indonesia (BI) has shown its commitment to helping increase Indonesian coffee exports by facilitating small and medium enterprises (SMEs) taking part in a coffee expo in Singapore.

The SMEs were provided with facilities by BI as part of the central bank's commitment to helping develop local economies.

Held from March 21- 23, The Cafe Asia Expo was participated in by 154 exhibitors from 25 countries.

The participation of the Indonesian SMEs was made possible through cooperation between BI, the Trade Ministry and Indonesian Embassy in Singapore.

"Cafe Asia Expo 2019 serves as a media showcase to introduce authentic Indonesian coffee produced by SMEs to the global community," BI said in statement.

Singapore is seen as having potential as an end user and market hub for coffee. Bringing SMEs to the expo aimed to help local players market their products internationally and to reach more consumers. - The Jakarta Post 

Sembcorp to solar-power YCH warehouses in Asia

Sembcorp Industries said it is working with YCH Group on supplying its warehouses across Asia with solar power, as it announced the completion of a rooftop solar farm at YCH's Supply Chain City flagship building.

 Sembcorp is now looking 

to power other YCH facilities with solar energy in countries such as China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, it said in a filing with the Singapore Exchange .

 Said Robert Yap, executive chairman of logistics group YCH: "The inauguration of the solar energy system with Sembcorp marks a new milestone in YCH efforts to build on our green initiatives. We look forward to collaborating with them and leverage their smart solar energy system to power our warehouses across the region."

 Koh Chiap Khiong, Sembcorp's head of Singapore, Southeast Asia and China (Energy), said: "With the successful completion of the solar energy system at Supply Chain City, we are pleased to partner YCH in helping them to provide their clients a solution which instantly cuts their carbon footprint and gives them cheaper electricity." - The Straits Times 

PCC approves North Harbour plan from ICTSI

The antitrust body has cleared the bid of International Container Terminal Services Inc (ICTSI) to be the single biggest stakeholder in the local operator of North Harbour, after existing rules were found enough to keep the deal from being anticompetitive.

The Philippine Competition Commission (PCC) has approvedthe company's plan to get more shares in Manila North Harbour Port Inc (MNHPI) from Harbour Centre Port Terminal, Inc.

This paves the way for the company to be the single biggest stakeholder in MNHPI, since the approval will allow ICTSI to increase its share in the latter from 34.83 per cent to 50 per cent.

“The transaction approval was hinged on the concession agreements with the PPA (Philippine Ports Authority) and the current regulatory regime,” said PCC Chair Arsenio Balisacan.

PCC’s concerns revolve around the implications to the Manila International Container Terminal (MICT), which ITCSI directly operates and manages. MICT is one of the three terminals in the port.

The Manila North Harbour Port Terminal, meanwhile, is operated by MNHPI. - The Philippine Daily Inquirer