Industry Newsletters
Indonesian Nickel Processing Plant Becomes Key Link in Global EV Battery Supply Chain
CNGR Indonesia, a Chinese company that produces nickel metal and makes precursors for electric car batteries in Indonesia, said its public relations director that leading international car companies such as Tesla and BYD indirectly use Indonesian materials, and that the nickel sulfate contained in the precursors comes...
Investment in Indonesia rejected after Apple ban, four principles to be discussed
Apple's $100 million (Rp 1.58 trillion) investment offer to sell the iPhone 16 series in Indonesia has been rejected by the country's industry minister. The government will renegotiate because it did not meet expectations based on technocratic assessments, did not follow four...
Nickel Reserve Advantage Boosts Strong EV Battery Ecosystem in Indonesia
With its rich nickel reserves and related mineral resources, Indonesia will be strategically important in the development of the global electric vehicle ecosystem over the next five years, said state-owned mining holding company MIND ID. It is expected that in the next five years, Indonesia's nickel...
Indonesia gas prices rise in tandem, fueled by Middle East situation
Coal prices have recently risen sharply to six-week highs, following the same trend as soaring natural gas prices. coal prices in Newcastle rose to $149.60 per ton in November and are expected to reach $151.50 in December; Rotterdam coal prices rose to $123.45 in November...
Indonesian government plans to vigorously develop palm oil downstream industry
The government continues to promote industrial downstream programs, one of which is in the area of agribusiness such as palm oil, as the export value of this commodity is worth hundreds of billions of rupiah. The Director General of Agro-Industry of the Ministry of Industry said that so far, palm oil is one of the commodities that have become...
Indonesia's Ministry of Energy and Minerals and Chinese companies continue to strengthen cooperation and development
The Ministry of Energy and Mineral Resources (ESDM) and CNGR, a Chinese company operating in the nickel sector, have agreed to collaborate in the energy and minerals sector as well as human resources (HR) development, a collaboration marked by the Human Resources Development Agency (BPSDM)...
Indonesia's VAT rate to rise to 12% from next year at the latest
As of January 1, 2025, the government will increase the value-added tax (VAT) rate by 121 TP3T from the current 111 TP3T, however, the Directorate General of Taxes (DGT) has said that it will be implemented after the new government takes office.The increase in VAT by Law No. 7 of 2021 on the Harmonization of Tax Regulations on...
China-Indonesia Business Forum held in Beijing
China-Indonesia Business Forum was held in Beijing on the 10th. Mr. Gao Yunlong, Vice Chairman of the CPPCC National Committee and Chairman of the All-China Federation of Industry and Commerce (ACFIC), attended the forum and delivered a speech. Gao Yunlong said that China is willing to work hand in hand with all circles in Indonesia to deeply implement China's national leadership...
Indonesian industry calls for protection of steel industry from Chinese imports
With the recent news of massive imports of steel from China overshadowing the domestic steel industry, the industry is hopeful that the government will protect the country's steel industry from suffering the same fate as the textile industry, which has suffered from the invasion of imported products by...
China and Indonesia cooperate to set up electric vehicle battery production enterprise
A state-owned investment holding company operating in the renewable energy materials sector, PT Industri Battery Indonesia or Industry Battery Corporation (IBC), is working with the world's largest electric vehicle (EV) battery company...