Multi-agency Indonesian government conducts joint warehouse checks ahead of Ramadan
Seven Indonesian departments have reportedly been conducting joint warehouse checks in Jakarta, Tanggelang and surrounding areas since February 11, which is expected to last two weeks. The operation involves multiple areas with high compliance requirements and strong penalties, and some sellers believe the intensity exceeds that of last year's 7...
Indonesia's quartz sand sector has great potential for development
The Ministry of Investment and the Ministry of Downstreaming/Investment Coordination Committee have encouraged local entrepreneurs to continue to grow and develop to become major players in the country, including in the quartz sand commodity management industry. The Deputy Minister and Vice Chairman of the Ministry of Investment said they hosted...
China and India renew 400 billion yuan bilateral local currency swap agreement
The People's Bank of China (PBOC) and the Central Bank of Indonesia (CBI) have recently renewed their bilateral local currency swap agreement, with a swap size of 400 billion yuan / 878 trillion rupiah, valid for five years, and can be extended by mutual consent. The People's Bank of China said that the two sides...
Nezha Motors Launches New Model in Indonesian Market
Electric car distributor PT NETA Auto Indonesia has launched the mid-sized SUV NETA X in Central Jakarta. which is available in two models, 500 Elite and 500 Supreme, priced at Rp 428 million and Rp 448 million, respectively, and has been offered to the first 500 people who pre-ordered the consumer...
Eyen plans to have more than 50 dealers in Indonesia this year
Chinese automaker Eon, though a new brand, is aggressively exploring the Indonesian market. The CEO of Eon Indonesia said that by 2025 it aims to have more than 50 dealerships in Indonesia, of which it currently has more than 40. Its dealerships are already located in Sumen...
Indonesia's coal production hits record high for second year in a row
Indonesia's coal production in 2024 reached a record high of 836 million tons. 2023 production was 775 million tons, also the highest at the time. 2024 actual production exceeded the target, reaching 1,171 TP3T of the target of 710 million tons. the Minister of Energy and Mineral Resources said that 20...
Process of Registering NPWP in Indonesia's New Tax System
Individuals and entities that meet certain tax liability criteria in Indonesia are required to register for a taxpayer identification number NPWP, and the Directorate General of Taxation officially launched the coretax system on January 1, and the following is the process of registering for an NPWP through the system: first click on the link...
Nickel production grows as Indonesian government adjusts policy to help local development
Indonesian nickel production in 2024 is close to 300 million metric tons per year at 298.4 million metric tons, said the secretary general of the Indonesian Nickel Mining Association (APNI). From 2023 to 2024, Indonesian nickel production has been increasing, mainly due to mixed nickel hydroxide precipitates (MHP)...
Several major projects of Chinese enterprises have been subjected to violent extortion and blackmail.
The Indonesian Federation of Industrial Zones (HKI) has reported losses amounting to hundreds of trillions of rupiah due to investment cancellations and investor withdrawals from industrial zones, with violence by social organizations being the main cause.The HKI chairman said the losses included not only the withdrawn...
Indonesia China Chamber of Commerce Deepens Reform Program to Promote Chinese Enterprises
The Second Meeting of the Ninth Council of the Federation of Indonesian Chinese Chambers of Commerce (FICCI) was recently held in Jakarta. The meeting elected 6 executive vice presidents and 12 presidents of industry chapters, adopted the "Executive Committee of the Council's Duties and Working Rules", the new frame...
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