social dynamics
Experts believe Prabowo still values Chinese investment
The Senior Advisor of Indonesia's Laboratory 2045 (Lab 45) predicts that President-elect Prabowo will follow in the footsteps of his predecessor, President Joko, when he comes to power. One thing worth emphasizing is the issue of investment, and he believes Indonesia's eighth president will remain focused on coming...
Indonesian Industry Reacts to Anti-Dumping Tariffs on Chinese Ceramic Imports
Indonesia has officially imposed an additional import duty of anti-dumping import tax (BMAD) on ceramic tile products imported from China, a policy that was decided by the Finance Minister, who issued a decision on the imposition of anti-dumping import duty on ceramic tile products imported from China in 2...
Ambassador Wang Lutong Attends First Anniversary Celebration of Yavan High Speed Railway Operation
On October 17th, Ambassador Wang Lutong attended the celebration of the 1st anniversary of the official opening and operation of Yavan Express Railway and the 9th anniversary of the establishment of China-Indonesia High Speed Railway Joint Venture (KCIC) and delivered a speech. Indonesian Minister of Transportation Budi, Deputy Minister of Labor Nur, KCIC...
New Ambassador Wang Lutong Arrives in Indonesia to Take Up His New Responsibilities
On the evening of October 12, 2024, the new Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Indonesia, Wang Lutong, arrived in Indonesia to assume his new duties and delivered a written speech at the airport. Ambassador Wang said he was honored to be assigned by President Xi Jinping to go out...
Land prices in Indonesia's new capital may soar tenfold next year
President Joko (Jokowi) this year encouraged domestic and foreign investors to invest their money or investments in the national capital (IKN) of East Kalimantan. His enticement was accompanied by a picture that IKN's current land prices could soar next year to 10...
Indonesia's Trade Fair Exports Reach Rp 476 Trillion
The export achievement of Indonesian products at the Trade Expo Indonesia (TEI) has increased significantly, the Trade Minister said. Since it was first launched 10 years ago, exports realized through TEI have reached US$30.5 billion or Rp 476 trillion by 2023....
Midea launches new energy-saving air conditioner for Indonesian market
Home electronics equipment manufacturer Midea Electronics Indonesia aims to sell 10,000 units of inverter air-conditioning products by 2024, in line with the plan to open a Midea air-conditioning factory in Jababeka Industrial Zone, Cikarang, Bekasi. In addition to opening the factory...
Indonesia plans to implement the world's lowest tax regime
The Indonesian government plans to immediately implement the Global Minimum Tax System GMT, a concept developed by the Organization for Economic Cooperation and Development (OECD), with a minimum effective tax rate of 15%.The Deputy Minister of Finance said the implementation of the Global Minimum Tax Rate in Indonesia could make...
Southeast Asia's GDP reaches $3.4 trillion as a strong economy
With an average economic growth rate of 4.41 TP3T from 2010 to 2022, the Southeast Asian region is also considered a new force in the global economy. The Deputy Managing Director of Drewry Marine Services Asia Pte Ltd said that the Southeast Asian region annually...
Reasons for Indonesian Customs to open and inspect travelers' luggage
Customs and Excise Department officials have repeatedly inspected the suitcases of travelers arriving from overseas, and several cases have quickly gone viral and are in the public spotlight. The Director of User Communications and Guidance at the Customs and Excise Department explained that the Customs and Excise Department is tasked with enforcing...
