China, India plan to collaborate on Batam LRT
The Batam Authority has promoted a range of investment opportunities in Batam to a leading Chinese company, China Railway Engineering and Construction Company Limited (CREC), a company responsible for railroad construction projects in China and overseas, which has successfully built the Jakarta...
U.S. removes anti-dumping duties on Indonesian aluminum products
The U.S. International Trade Commission has decided not to impose anti-dumping duties and countervailing duties on Indonesian extruded aluminum products, a decision that ends the investigation and ensures that Indonesian aluminum products are not considered harmful to the U.S. industry. Indonesia's trade minister called this a good opportunity for Indonesia to make...
Significant growth in investment and tax revenues in Morovalli Industrial Park
The Morowali Industrial Park (IMIP) has put in huge investment of 34.3 billion dollars from 2015 to 2024, or about 552.2 trillion dong. The investment has continued to increase up to August 2024, and from 2022 to 2023 the investment has increased by 5.4 billion dollars, or about...
Indonesia's first nuclear power plant sited in Bangka Belitung
Indonesia's first nuclear power plant will be built on the island of Graça, more than 400 kilometers north of Jakarta, with a total investment of 17 trillion rupiah by Thorcon. The prototype reactor will arrive by sea from South Korea in 2028, with commercial operation planned for 2030 and 2032 to the country...
Indonesia Market Insight and Strategy for Going Overseas: A Compendium of Key Points from the Live Broadcast of Mr. Wang's Cabinet
In this live broadcast, Indonesia Wang Palm around the topic of going to sea in Southeast Asia, especially landing in Indonesia, in-depth exchanges and sharing with the audience, providing enterprises with a wealth of market information and practical advice. First, market trends and industry...
Future Development and Housing Market Outlook of Jakarta SAR
On November 30, 2024, the status of Jakarta Capital Special Zone was changed to Jakarta Special Zone, and the construction of Indonesia's new capital, IKN, is underway, with President Prabowo scheduled to begin his office in IKN on August 17, 2028, and state civil servants transferred to IKN in April.Jakarta...
BYD and EAN receive several tax incentives from Indonesian government
The Minister of Industry has revealed that Chinese automakers will enjoy a number of incentives offered by the Indonesian government for the automotive sector, including PPnBM incentives borne by the government and exemption from import duties. The Coordinating Minister for the Economy said that in addition to the PPnBM DTP incentive...
Latest Fuel Prices at Indonesia's Four Major Gas Stations
All companies providing fuel such as PT Pertamina (Persero), Shell Indonesia, BP-AKR and PT Vivo Energy Indonesia, have jointly increased the price of fuel products at all gas stations in Indonesia. The price adjustment is effective from 202...
Indonesia's nickel industry policy adjusted, smelters will no longer receive preferential treatment
The government is launching a review of the incentives given to companies with nickel processing and refining facilities. At a time when nickel smelters are increasing in number, the Deputy Minister of Energy and Mineral Resources said nickel smelting companies such as nickel pig iron and nickel iron are no longer considered to be part of the advanced industry...
Chinese car brands on the rise in Indonesian market
After the entry of Wuling in 2017, more and more Chinese brands are coming to Indonesia. According to sales data from the Indonesian Automotive Industry Association, there are at least 11 Chinese brands sold in Indonesia. In addition to Wuling, there are BYD, Chery, Dongfeng Xiaokang, Sai...
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