Industry Newsletters

Here's how the price of a luxury home is calculated after the VAT hike:PPnBM rates vary, with the lowest set at 101 TP3T and the highest set at 2001 TP3T.PPnBMs that fall into the 201 TP3T rate group are luxury homes, such as those priced at 20 billion rupiah or more that are not...

Indonesia imported 402,000 tons of garlic valued at US$532.47 million (equivalent to Rp 8.4 trillion) during the period of January-October 2024, the Central Statistical Agency of Indonesia revealed. There are several main source countries for imported garlic, such as China, India, and Australia...

Toyota Avanza used to be the top seller in Indonesia, however Innova surpassed it in November with 5,908 units sold. As of October, Innova is the top seller with 5,693 units sold.2023 Innova also became the top seller, beating Toyota Avanza and Honda Bri...

The Ministry of Energy and Mineral Resources (MEMR) plans to review the policy of suspending or restricting the operation of nickel refining and processing facilities in Indonesia. The deputy minister said the suspension program needs to be reassessed due to industry considerations of demand for nickel products. No measures have been taken to suspend...

October Indonesia car sales data is out, the top five brands pattern remains unchanged, but Suzuki and Mitsubishi switched places. BYD rose to sixth, Fuso and other brands moved back.October all-brand sales 77,191 units of record high, an increase of 6.2%. January-October cumulative sales...

The Minister of Finance revealed that they cooperated with the Coordinating Minister for Political and Security Affairs to crack down on the smuggling of illegally imported goods valued at Rp 49 billion in one week. The operation was carried out through cooperation with the Customs Department, National Police, Prosecutor's Office, Ind...

The fate of iPhone 16 series sales in Indonesia is uncertain, as Apple's TKDN certificate has expired and not been renewed. Indonesia requires a TKDN to be met for the sale of the device, with a current minimum of 35%, with discussions of raising it to 40% but no new regulations. Samsung, Xiaomi, Oppo...

The Indonesian government in the past more than a decade to protect the steel industry with anti-dumping import duties (BMAD), the government recently extended the BMAD for iron or non-alloy steel H-beam to I-beam products for five years, the tax rate of 11.93%. Previously, the relevant provisions of the many times adjusted, the limit...

The Indonesian automotive market in 2024 is challenging. Despite the influx of new brands, the market has stagnated or even shrunk, failing to break the one million unit mark for years, with Gaikindo targeting just 850,000 units this year. Manufacturers such as Hyundai are under pressure to PT...

SAIC CATL joins hands with Kentjana Group to build a battery packaging plant in Indonesia. The factory, with an annual capacity of 20,000 battery packs, will be operated by PT UABS Indonesia, with SAIC-Ningde Times holding 67% and Kentjana Group 33%. Initially ...