Indonesia, Russia forge links for multifaceted cooperation
President Prabowo recently held a bilateral meeting with Russian President Vladimir Putin in St. Petersburg, Russia, which was an important part of Prabowo's official visit to Russia and his attendance at the St. Petersburg International Economic Forum 2025. Prabowo...
Indonesian government forecasts car sales of only 832,000 units this year
The Deputy Director General of the Coordinating Ministry of Infrastructure and Regional Development forecasts that Indonesia's car sales will be only 832,000 units in 2025, below the 900,000 target set by the Indonesian Automotive Industry Association. The data is based on the first five months of the last two years of the country's four-wheel and above...
Latest land price levels in different areas of Jakarta
The Deputy Director of Research and Consulting Department of PT Leads Property Services Indonesia has disclosed the level of land prices in different areas of Jakarta, with Sudirman Central Business District (SCBD) having the highest land price of 200-300 million rupiah/square meter (about 8.8...
About 90% of industrial land in Indonesia is undeveloped and unutilized
About 90% of planned industrial land in Indonesia is not yet developed and utilized, and there is a huge potential for investment. The total area of industrial land in Sumatra is about 185,400 hectares, and only 13,000 hectares (about 7%) are utilized. The total area of industrial land in Java is about 35.0...
Indonesian industry dissatisfied with the government's suspension of anti-dumping duties on Chinese yarns
Indonesia's decision to stop imposing anti-dumping duties on Chinese imports of chemical fiber yarn stems from a recently leaked internal document from the Ministry of Trade, which recommended not renewing anti-dumping duties on related products. The decision was strongly criticized by domestic textile...
Chery battery Jakarta test seawater immersion for nearly 54 hours without abnormalities
Chery Tiggo 8 CSH car battery was tested for seawater immersion at PIK 2 beach in Jakarta, the battery was actually immersed in seawater for 53 hours and 51 minutes, which exceeded the original plan of 48 hours. After immersion the battery was re-installed to the vehicle and drove normally, technical...
Indonesia conditionally approves TikTok's acquisition of Tokopedia
Indonesia's Business Competition Supervisory Board (KPPU) has given conditional approval to TikTok Nusantara Pte Ltd's acquisition of shares in PT Tokopedia. This follows speculation that the acquisition deal could trigger monopolistic behavior, and the KPPU's tun...
Chinese firms participate in construction of Indonesia's gas-fired power plant project
The EPC project of 4×18 MW gas turbine power plant, which is constructed by CECC, for the support of nickel cobalt hydroxide in Pomala Industrial Park KNI (PT. KOLAKA NICKEL INDONESIA) of HUAYU Cobalt Indonesia, has been formally commenced recently. The project is the first of its kind in China...
Indonesia exempts Chinese synthetic fibers from anti-dumping duties
The trade minister recently decided to exempt imports of specific synthetic fiber yarn from China from anti-dumping duties, the policy is based on a comprehensive consideration of the current situation of the domestic textile industry and the views of relevant stakeholders. Domestic production capacity of specific synthetic fiber yarn cannot meet...
Three key industrial parks of the Binational Twin Parks Program
Indonesia's Ministry of Economic Coordination has facilitated the signing of two strategic Memorandums of Understanding (MoUs) with China, focusing on strengthening industrial and supply chain cooperation and the implementation of bi-national twin-park projects, which were agreed upon during the Chinese Premier's visit to Indonesia. The key parks include the Batang General...
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