Indonesia offers several tax incentives for Chinese investors
PT QMB New Energy Material, a subsidiary of Chinese renewable energy sector player GEM Co. Ltd. has invested in Morowali, Indonesia with a 10-year corporate income tax (PPh) exemption and a 2-year 50% PPh reduction. The company is owned by a number of well-known ...
Another Chinese investor to participate in Indonesia's EV battery project
Indonesia's Investment Coordinating Board has revealed that there may be new Chinese investors involved in Indonesia's electric vehicle battery program, in addition to Ningde Times (CATL) and Zhejiang Huayou Cobalt Co Ltd (Huayou). The investment plan is to 2025 5...
Indonesia plans to export rice to Malaysia
Indonesia is set to export rice to Malaysia after domestic stocks were deemed safe, and President Prabowo has ordered the plan to move forward. Indonesia's plans to export rice to Malaysia are becoming increasingly firm, said Prabowo, deputy agriculture minister...
Indonesia and France enter into bilateral cooperation in various fields
Indonesian President Prabowo and French President Macron held a bilateral meeting at the Palace of Independence in Jakarta with the participation of many members of the delegation. At the end of the meeting, the two presidents witnessed the signing, presentation and publication of 21 agreement documents involving...
China-India Nonferrous Metals and Nickel and Cobalt Forum in Jakarta
On May 13, 2025, at the 75th anniversary of China-Indonesia diplomatic relations and other important nodes, the China-Indonesia Nonferrous Metals Sustainable Development Forum and the First China-Indonesia Nickel and Cobalt Industry Chain Sustainable Development Forum was held in Jakarta. The forum was organized by the China ...
Indonesia's Six Economic Stimulus Policies Beginning in June
At a coordination meeting chaired by the Coordinating Minister for the Economy, the government announced that it will launch its economic stimulus policy in the second quarter of 2025. This is due to the fact that major festivals such as Christmas and New Year's have passed and the boost to consumption has weakened, while school vacations and...
U.S.-based consortium lays out Indonesia's new capital in 6 trillion rupiahs
The construction of Indonesia's new capital, Nusantara (IKN), continues to attract global investment, with a consortium led by US companies announcing that it will develop 20 affordable housing towers in IKN through the government-corporate partnership model, KPBU, with a total investment of Rp 6 trillion. The ...
Chinese and Indian Institutions Cooperate to Cultivate New Energy Vehicle Talents
The current automotive market demand is developing rapidly, new energy vehicles (e.g., electric vehicles, hydrogen vehicles) are in the spotlight, and many automotive companies are setting up production plants in Indonesia. The Catholic University of Bandung, in order to train graduates who can directly meet the future needs of the industry...
China and India reach all-round cooperation in many fields
During Chinese Premier Li Qiang's state visit to Indonesia, a number of cooperation agreements and memorandums of understanding were reached between Indonesia and China, specifically including the signing of cooperation agreements between Antara News Agency and China Central Radio and Television (CCTV) and Xinhua News Agency, respectively, and the signing of a cooperation agreement between China Central Radio and Television (CCTV) and Xinhua News Agency (Xinhua), respectively, to...
Chinese firms plan to build international green industrial park
Chinese company GEM Co. Ltd. plans to build the International Green Industrial Park (IGIP) in Morowali, Central Sulawesi province, with an estimated investment of US$8 billion (129.74 trillion rupiah). The first phase of the construction investment is US$2 billion,...