Zoomlion tower cranes help construction of Oasis Twin Towers project in Jakarta
Zoomlion 7 sets of large tower cranes are helping the construction of the Oasis Twin Towers project in Jakarta, after the completion of the twin towers, of which the T1 tower is 331m high, will become the first tallest building of the main structure in Indonesia. The tower cranes involved in the construction and hoisting of the upper main structure of the project, including...
Chinese mining giant suspends nickel production line in Indonesia
Chinese mining giant Castle Peak Holding Group has suspended several production lines at its Indonesian nickel center since early May due to plummeting nickel prices and weak global demand. The chairman of the Indonesian Engineers Association's mining engineering department said the decision was purely out of economic...
Indonesia and EU finalize negotiations on economic partnership agreement
The Coordinating Minister for Economic Affairs has announced that Indonesia and the European Union (EU) have finalized CEPA, a comprehensive economic partnership agreement that took nine years and 19 rounds of negotiations.After meeting with the EU Commissioner for Trade and Economic Security, he confirmed that all remaining issues have been resolved...
Chinese battery company to deliver products to Indonesia within this year
Witnessed by the Minister of Transportation of Indonesia and other parties, Ripley Lanjun and Bakrie & Brothers Group of Indonesia signed a memorandum of strategic cooperation on battery systems for commercial vehicles, and the two sides will cooperate to deliver more than 3,000 electric buses in 2025 and...
Groundbreaking for Ningde Times' Indonesia battery project to take place in June
The Minister of Energy and Mineral Resources has revealed that the upstream and downstream integrated battery project undertaken by Chinese investor Ningde Times (Contemporary Amperex Technology Co Limited, CATL) will hold a groundbreaking in June 2025...
Indonesia's trade balance surplus hits 60-month low
The Minister of Trade recently revealed that Indonesia's balance of trade surplus in goods has shrunk significantly, reaching the lowest in 60 months. The decline in exports on the one hand is the main cause, firstly due to the impact of the US tariff policy and secondly due to the Ramadan holiday factor. At the ASEAN Economic Ministers Meeting...
Indonesia's benzoin exports continue to increase
Indonesia's benzoin export value in 2024 exceeded $52 million, or about Rp 847.6 billion, with an export volume of 43,000 tons. Benzoin is the resin extracted from the benzoin tree, which is widely demanded in the perfume, aromatherapy, food, pharmaceutical and other industries, Beita...
Chinese investors plan to build cross-sea cable car in Indonesia
Bantay Lampung City plans to create a futuristic tourism project, the Cross-Sea Cable Car, which is being developed by the local government in cooperation with Chinese investors with an investment of 2.5 trillion rupiah. The project is based on a 50:50 partnership model, which means that the city government and...
Chinese-funded spice company invests in plant in Indonesia
Chinese food spice maker Huabao Flavors Co Ltd recently held a groundbreaking ceremony for a food seasoning factory in the Jabababeka Industrial Estate in Bekasi, West Java, which will serve as its base for the Southeast Asian market. Huabao aims to ...
Chinese auto parts companies enter the Indonesian market
PT Multi Medika Internasional Tbk (MMIX) increased its sales in 2024 by 9.6% compared to the previous year to reach Rp191.99 billion. Its products MIUBaby and Miutiss were well received by the market for their innovation and won individual...
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