Industry Newsletters

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...

Indonesia plans to export electric motorcycles to Southeast Asia and Africa

The Indonesian Electric Motorcycle Industry Association (Aismoli) is optimistic that battery-powered motorcycle exports have the potential to continue to grow, with Indonesian electric motorcycle exports having made their way into Southeast Asian countries such as Malaysia and Cambodia. The association last week outlined...

Problems in Indonesia's indigenous textile industry are becoming more acute

The country's textile industry is in big trouble and the declaration of bankruptcy by PT Sri Rejeki Isman Tbk or Sritex has set off alarm bells that require immediate government intervention to correctly diagnose and provide a panacea to revive the labor-intensive textile...

Jakarta seizes 2.2 billion rupiah in illegal imports of Chinese cosmetics

The Head of BPOM, accompanied by the Supervisory Coordinator (Korwas), the PPNS Metro Jaya District Police (Polda) and the National Army Strategic Intelligence Service (BAIS TNI), held a seminar titled "Cooperation between BPOM and the National Police in the Seizure of Illegally Imported...".

Prabowo asks top four ministers to save local textile giants

The government will try its best to save the textile company PT Sri Rejeki Isman (Sritex), this was stated by the Minister of Industry after the District Court of Semarang (PN) declared the bankruptcy of Sritex not long ago. Saving Sritex was a direct order from President Prabowo...

Details of the list of best-selling car brands in Indonesia in September

Toyota's position on the list of best-selling car brands has not been replaced, Indonesia saw a decline in car sales in September.Wholesale car sales reached 76,304 units in August, then only 72,667 units in September. Similarly retail sales were down from the previous...
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