social dynamics

President Prabowo officially announced Indonesia's membership in the New Development Bank (NDB), a decision he made during a meeting with NDB President Dilma Wana Rousseff in Jakarta recently, marking a significant step in strengthening Indonesia's ties with developing...

The Minister of Industry suggested that automakers lower the selling price of their vehicles to increase consumers' purchasing power, and Chinese automaker BAIC said it does not make much profit from selling cars in Indonesia because, in addition to the cost of production, it also has to pay taxes and fees at the initial stage of importation, so...

The Deputy Minister of Industry believes that Indonesia has a good chance of becoming a relocation site for hundreds of Chinese factories as the trade war between China and the United States becomes more intense. Indonesia will not be directly affected by the trade war or the US tariff increase as it maintains a good...

The Indonesian Iron and Steel Industry Association (IISIA) has welcomed the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is seen to preserve the competitiveness of the domestic steel industry and discourage lower-priced imported steel products.The BMAD is a measure of...

President Prabowo recently chaired a meeting at the Presidential Palace in Jakarta, asking the government to continuously accelerate downstreaming of domestic industries to improve energy resilience, create jobs and boost economic growth. The meeting formulated 21 first-phase downstreaming...

President Prabowo hosted a banquet at the Presidential Palace in Jakarta in honor of eight major Chinese entrepreneurs, accompanied by State Secretary Ministers and Cabinet Secretaries. The eight entrepreneurs included Anthony Salim (Lim Fong Seng), Sugianto Kusuma (Kuo Re...

Co-founded by China's Yangzhou Institute of Industrial Technology and Indonesia's Universitas Muhammadiyah Jakarta, Indonesia's Luban Workshop Intelligent Manufacturing Center was inaugurated at Universitas Muhammadiyah Jakarta, a training center with an area of nearly 300 square meters, aiming to deepen...

The Director General of the New Capital Authority (NCA) signed the NCA Land Use Agreement and Notarized Deed at the Jakarta Ministry of Public Works Auditorium with five investors, including PT Balikpapan Ready Mix Nusantara, PT Berka...

Indonesia officially launched the national sovereign wealth fund Danantara, the first phase of $ 20 billion to promote 20 strategic projects, asset management scale of $ 900 billion, the world's fourth largest. The fund focuses on new energy, deep processing of minerals and other areas...

President Prabowo officially launched Indonesia's National Investment Authority (BPI Danantara) in Jakarta in the presence of a host of entrepreneurs, including key figures behind CT Corp, Chairul Tanjung, Sinar Mas Grou...