Indonesia inaugurates largest port for eastern region

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Indonesia inaugurates largest port for eastern region

STORY: Indonesia inaugurates largest port for eastern region SHOOTING TIME: Feb. 22, 2024 DATELINE: Feb. 23, 2024 LENGTH:00:01:19 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of Indonesian President Joko Widodo inspecting the port 2. various of the port STORYLINE: Indonesia inaugurated the Makassar New Port with an investment of 5.4 trillion rupiah (around 345 million U.S. dollars) in South Sulawesi, the second-largest port in Indonesia after Tanjung Priok in Jakarta. "We hope that this large port in eastern Indonesia will streamline domestic logistics costs," said Indonesian President Joko Widodo on the sidelines of the inauguration on Thursday. In the face of fierce domestic and international competition, Widodo underlined the importance of efficiency. Due to the absence of integration between port locations and factories and industrial zones, logistics expenses in Indonesia reached 24 percent 10 years ago. Although it has now dropped to 14 percent, Widodo said more needs to

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