social dynamics

Future Development and Housing Market Outlook of Jakarta SAR

On November 30, 2024, the status of Jakarta Capital Special Zone was changed to Jakarta Special Zone, and the construction of Indonesia's new capital, IKN, is underway, with President Prabowo scheduled to begin his office in IKN on August 17, 2028, and state civil servants transferred to IKN in April.Jakarta...

Latest Fuel Prices at Indonesia's Four Major Gas Stations

All companies providing fuel such as PT Pertamina (Persero), Shell Indonesia, BP-AKR and PT Vivo Energy Indonesia, have jointly increased the price of fuel products at all gas stations in Indonesia. The price adjustment is effective from 202...

Indonesian nickel resource companies continue to improve their performance

PT Trimegah Bangun Persada Tbk (NCKL), or Harita Nickel, reported bright Q3 2024 financial results, with revenues of Rp20.3 trillion in the first nine months, up 18.02% year-on-year, with nickel processing and mining divisions contributing heavily. China's Lyge...

Indonesian wire fraudsters posing as tax office staff to scam

Recently, a new type of telecom fraud from Indonesia quietly appeared, many people almost fell for the scam, we must be vigilant! Fraudsters are extremely cunning, they disguise as a tax office staff to call, an opening on...

Indonesia's investment ministry warns Chinese investors to be careful in finding industrial land

The Indonesian government has reminded investors to be careful in choosing industrial land, as there are often investors who choose the wrong type of land causing obstacles to building factories, and Chinese investors in particular need to pay attention and should consult with the government. Indonesia's manufacturing investment is growing year by year, and the 2018-2023 investment...

These Chinese goods were suddenly seized by the Indonesian Food and Drug Administration.

The Food and Drug Administration (FDA) has seized 235 types of cosmetic products that were illegally imported and contained hazardous ingredients, valued at about Rp 8.91 billion, in the districts of Banten, West Java, Central Java and East Java. Most of these cosmetics were imported through online channels such as e-commerce...

Indonesia receives more than 120 trillion rupiah in Chinese investment

During his visit to Beijing, the Minister of Investment and Head of the Investment Coordinating Board announced that Indonesia has received new investment commitments of US$7.4 billion (about Rp 120.7 trillion) from China. These investments cover polysilicon, fiberglass, polyester tree...

Minimum wage hike of 6.51 TP3T puts huge burden on Indonesia's business community

Economic policy analysts from the Indonesian Employers' Association assessed that the minimum wage increase of 6.5% would place a huge burden on the business community, especially labor-intensive industries, and that labor-intensive industries are becoming the government's focus for reducing unemployment. The government a...

Indonesia's local textile industry complains about imports hitting Indonesian market

Work convection entrepreneurs association general chairman said the past two years, a large number of imported goods influx, to 60% small and medium-sized enterprises members of the closure of the 50% difficult to survive, because of the low price of imports, suspected of illegal imports, the local business is difficult to compete, they have to lay off employees...

Indonesia's Rp 267 trillion mineral downstream investment needs 5 GW of electricity

Mining holding company MIND ID plans to invest 267 trillion dong to support four of its members' downstream projects until 2029, a budget that has been planned for a long time. The product director said the projects require a lot of energy, at least 5 GW of electricity by 2029, but this demand...
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