Indonesia extends anti-dumping duty to cope with China's steel import onslaught
The Indonesian government in the past more than a decade to protect the steel industry with anti-dumping import duties (BMAD), the government recently extended the BMAD for iron or non-alloy steel H-beam to I-beam products for five years, the tax rate of 11.93%. Previously, the relevant provisions of the many times adjusted, the limit...
Indonesia's core tax system to begin next year
Indonesia's core tax management system will be officially operational by January 2025. According to the Director General of Taxation of the Ministry of Finance, the implementation of the system is expected to raise the tax rate from about 10% to 12% in the next five years, which is expected to drive better economic growth. The current tax ...
Indonesian government seizes 9.8 billion rupiah in illegal imports of Chinese ceramic goods
Indonesian police, in a joint operation with the Ministry of Trade, have confiscated a shipment of illegal ceramics and tableware worth Rp 9.8 billion. The goods from China were seized at Tanjung Perak port and Surabaya warehouses due to the lack of complete import documents, such as commercial identification number...
Two Factors Achieving Growth in Indonesia's Automotive Market
The Indonesian automotive market in 2024 is challenging. Despite the influx of new brands, the market has stagnated or even shrunk, failing to break the one million unit mark for years, with Gaikindo targeting just 850,000 units this year. Manufacturers such as Hyundai are under pressure to PT...
Indonesia's industry ministry accuses trade ministry regulations of hurting manufacturing industry
The Ministry of Industry has again blamed trade regulation regulations for hitting Indonesia's manufacturing sector, which has contracted for four consecutive months in October 2024 as Indonesia's manufacturing PMI contracted to 49.2. The industry ministry questioned the regulation's claim to protect domestic industry as it removes...
Indonesian battery plant to supply Chinese car brands
SAIC CATL joins hands with Kentjana Group to build a battery packaging plant in Indonesia. The factory, with an annual capacity of 20,000 battery packs, will be operated by PT UABS Indonesia, with SAIC-Ningde Times holding 67% and Kentjana Group 33%. Initially ...
Ningde Times invests $1.2 billion to build factory in Indonesia
Chinese battery maker Ningde Times New Energy Technology Co Ltd (CATL) is investing $1.2 billion (about Rp 18.66 trillion) in Indonesia.CATL, through its subsidiary CBL International Development, has entered into an agreement with PT Indonesia ...
Indonesian Nickel Processing Plant Becomes Key Link in Global EV Battery Supply Chain
CNGR Indonesia, a Chinese company that produces nickel metal and makes precursors for electric car batteries in Indonesia, said its public relations director that leading international car companies such as Tesla and BYD indirectly use Indonesian materials, and that the nickel sulfate contained in the precursors comes...
Don't Miss the December 1 Seminar on Domestic Water Safety in Indonesia
Safe and Healthy Domestic Water in Indonesia As the importance of quality of life and health increases among Indonesian residents, safe and healthy drinking and domestic water has become a hot topic of concern. Especially in Jakarta, the issue of water quality is particularly prominent. This ...
Investment in Indonesia rejected after Apple ban, four principles to be discussed
Apple's $100 million (Rp 1.58 trillion) investment offer to sell the iPhone 16 series in Indonesia has been rejected by the country's industry minister. The government will renegotiate because it did not meet expectations based on technocratic assessments, did not follow four...
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