Indonesian government cabinet reviews downstream industry projects
The Indonesian government is reviewing various downstream projects including minerals, coal, agricultural products and seafood. President Prabowo received a report from the Downstream Working Group and relevant ministries on the development of investment in the downstream sector, and at the meeting the working group reported...
BYD Indonesia plant construction on schedule
PT BYD Motor Indonesia emphasized that the construction of its plant in Subang, West Java, is still on schedule, with a target to be operational by early 2026. Everything is going well and BYD is confident that it will operate as planned.BYD in Indonesia has...
China and India have strengthened cooperation in vocational education and have trained more than 300 technical personnel
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...
Five investors invest in the new capital
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 simplifies import duties on eight categories of goods
The Indonesian government has simplified import tariffs for specific eight categories of goods, which are currently simplified to 0%, 15% and 25%. The head of the Import Division of the Technical Department of the Customs Directorate General of the Ministry of Finance said that the importation of goods with a value of more than US$3 to US$1,500...
Indonesia Attracts Investment in Textile and Footwear Industry to Create Job Opportunities
Luhut, chairman of the National Economic Council, said that Indonesia has become a target for the transfer of textile and footwear industries over the past year. The textile and footwear industry is very strategic, creating a large number of jobs with a short training period for the labor force, as well as...
Luhut asks government to closely monitor Chinese goods
Indonesia must protect its textile industry from the influx of Chinese exports while continuing to attract investment and create jobs, said Luhut, chairman of the National Economic Council. Despite facing increased layoffs and global challenges, the textile industry...
Chinese brand Transn leads growth in Indonesia's low-end and mid-range cell phone market
Sales of high-end cell phones (priced above $600) in Indonesia declined 9.21 TP3T in 2024 due to the banning of the iPhone 16 series in the country. The average selling price of handsets declined by 0.51 TP3T year-on-year.Apple's failure to meet domestic component requirements for the iPhone 16 to...
Indonesia's sovereign fund eyes twenty strategic projects
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...
Indonesia Extends Import Safeguard Levy on Ceramic Floor Tiles
The Finance Minister has decided to continue the import safeguard duty (BMTP) on imported ceramic floor tile products for a period of two years. This policy was introduced in view of reports that the domestic industry has suffered severely due to increased imports of ceramic floor tile products...
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