President mulls creation of tourism, aviation holding firm, designation of international hub airports

first_imgNational flag carrier Garuda Indonesia has also reported a loss of $712.73 million in the first half of this year after booking a net profit of $24.11 million in the same period last year.As part of the transformation effort, President Jokowi said he would also like to reduce the number of international airports in Indonesia and establish a number of international hubs.“We currently have 30 international airports, but 90 percent of flight traffic occurs in just four airports, which are Soekarno-Hatta International Airport [in Tangerang, Banten], [I Gusti] Ngurah Rai International Airport in Bali, Juanda International Airport in Surabaya [East Java] and Kualanamu International Airport in North Sumatra,” he said.I Gusti Ngurah Rai airport and Soekarno Hatta airport are the dominate points of entry for foreign arrivals, with 6.2 million and 2.4 million arrivals in 2019, respectively.The President intends to evaluate the international status of several airports, while transforming eight airports into international hubs, which will include the four airports with the highest traffic.The remaining four airports are Kulonprogo International Airport in Yogyakarta; Sepinggan International Airport in Balikpapan, East Kalimantan; Sam Ratulangi International Airport in Manado, North Sulawesi; and Hasanudin International Airport in Makassar, South Sulawesi.Responding to the President’s statement, Transportation Ministry spokesperson Adita Irawati told The Jakarta Post on Thursday that the ministry was in talks with the SOE Ministry regarding the matter.“We fully support the President’s idea and will take further action to realize it. Currently, we are in discussions with the SOE Ministry and other stakeholders,” she said via text message.Former state-owned enterprises minister Rini Soemarno had previously proposed the formation of an aviation holding company while she was part of the Cabinet.The proposed company was designed to integrate Garuda Indonesia with two state airport operators, PT Angkasa Pura I (AP I) and PT Angkasa Pura II (AP II), but the plan never materialized.Topics : “I think the current tourism downturn is the right moment to start a consolidation and transformation in the tourism and the aviation sectors, and we could establish an SOE holding firm [for] a unified vision,” he said during a limited Cabinet meeting in Jakarta.Jokowi’s proposal comes after the country saw its economy contract 5.32 percent, for the first time since 1999, with the transportation and warehousing sector suffering a 30.84 percent decline from last year, the steepest drop of all sectors.The pandemic has depressed both the aviation and tourism industries, as people stay at home amid social restrictions. The tourism sector is estimated to have lost Rp 85 trillion (US$5.87 billion) in revenue so far this year as the pandemic unfolds, according to data from the Indonesian Hotel and Restaurant Association (PHRI).According to the association’s data, the hotel and restaurant industry has lost nearly Rp 70 trillion in revenue, while aviation and tour operators have lost Rp 15 trillion in revenue as leisure travel ground to a halt. President Joko “Jokowi” Widodo announced on Thursday that he is considering forming a holding company for aviation and tourism state-owned enterprises (SOEs), as well as developing international hub airports, to help revive the industries, which have been battered by the COVID-19 health crisis.Jokowi said he aimed to integrate SOE management to improve consolidation and boost tourism, including airlines, airport management, tourism destination operators and hotels.last_img read more

Shell schemes join forces with college on training of board members

first_imgThe Shell pensions bureau (SPN) has entered into a unique partnership with SPO, the college for pensions education in the Netherlands, to improve the competence of the board members at Shell’s two pension funds, SSPF and SNPS. Both schemes said they wanted to “set an example” on pensions and governance expertise.Since 2012, SPN’s Academy has provided a mix of educational instruments and know-how to board members and candidates of the pension funds, their accountability organs (VO), supervisory boards (RvT) and SPN staff.The Academy will serve as the focal point for all schooling, training and reference material, and support the entire process, while SPO will offer services to increase competence, carry out expertise projects and set up the annual curriculum. Mark de Wijs, SPO’s director, said: “We will think along with the pension funds about boosting competence during the whole cycle. With the aid of new educational instruments, monitoring and maintenance, and based on individual assessments, we will be in control.”In his opinion, the cooperation between SPO and the Shell schemes is unique in the Netherlands. The SPN Academy already provides external schooling, in addition to courses by its own specialists and skills training by the sponsoring company.These will continue under the new set-up, SPN said. In the opinion of the Shell schemes, the mix of internal and external competence-boosting will add value to overall pensions education.In July 2013, Shell Netherlands set up a second pension fund – offering an individual defined contribution plan for new employees – while closing its existing final salary scheme for new entrants.SPN is responsible for the daily management of the pension funds, and supports and advises their boards on governance, actuarial issues, asset and risk management and pensions strategy. SPO was founded in 1989 by the pensions sector and focuses on maintaining standards for people in governing positions at pension funds.last_img read more

Hereford unites with ROA to enhance raceday experience

first_img Submit StumbleUpon HBLB ups prize money commitment by 50% July 31, 2020 Share UK Racing pushes for drastic levy reforms as deep recession looms August 25, 2020 Unibet backs #GoRacingGreen as lead racing charity  July 28, 2020 Related Articles Share Hereford Racecourse is looking to enhance its raceday experience, unveiling a new partnership with the Racehorse Owners Association for the 2018/19 season.Further emphasising its acknowledgement of the importance of the experience for racehorse owners, Hereford Racecourse and the ROA has united to place a specific focus on the arrival experience at the course. The O&T entrance to the racecourse has been refurbished, featuring a thank you board for the racecourse’s most regular owners, a dedicated host and all owners will receive complimentary refreshments on arrival and are proactively asked for feedback on their visit.  Members of the ROA team will be on hand throughout racedays as well. Rebecca Davies, Executive Director at Hereford Racecourse commented: “We are delighted that through this partnership with the ROA, we will be able to invest further in the ownership experience at Hereford.  Whist they may be small and subtle changes, I genuinely believe that they will make a big difference and hope that owners will improve their raceday visit to Hereford.”Chief Executive of the Racehorse Owners Association, Charlie Liverton added: “The owners raceday experience is a critical variable in the retention of owners and this was highlighted in the owners survey. Hereford’s proactive approach in looking to enhance their warm welcome to owners, making them feel appreciated and acting on feedback, fits with exactly what we know owners want. “The ROA look forward to working with Hereford to use these improvements as a springboard to challenge for future Gold Standard status and the findings will be used in the Industry Ownership Strategy so that we can work with other racecourses looking to improve their owners experience.”last_img read more