Indonesian government decides to suspend construction of new nickel smelting plant
The government has decided to stop the construction of new nickel refining facilities or smelters producing low value-added products, namely rotary kiln electric furnace (RKEF) smelters producing nickel pig iron (NPI). The Minister of Energy and Mineral Resources said at the Jakarta Petroleum and Natural...
Indonesia's SME Minister Calls for Preventing Inflow of Illegal Imports
The Minister of Cooperatives and Small and Medium Enterprises (MenKopUKM) has asked the Ministry of Trade (Kemendag) to further tighten control over the flow of imported goods, especially finished products or consumer goods, in order to protect local products from the onslaught of imported goods. The government is pushing...
Ten items on which Indonesia plans to impose excise tax
The government plans to increase the types of goods on which excise duty is levied, ranging from packaged sugary drinks (MBDK) and plastics to ready-to-eat foods. Excise duty on MBDK and plastics was planned since 2019, but discussions were delayed due to the pandemic. The aim ...
Starting September 1, Shopee will implement a new management fee for sellers
Shopee e-commerce platform will implement a new policy for product categories and management fees starting September 1, 2024, and this update applies to sellers in non-Star, Star and Star+ categories. In this new policy, Shopee will apply four new product...
Joko approves four brand new special economic zones in Indonesia
Four new Special Economic Zones (KEKs) proposed by business people this year have been approved by President Joko, namely Edutek Medika Internasional Banten in Bumi Serpong Damai (BSD),...
Why Indonesia is the first choice for beauty to go overseas?
Indonesia, which has the highest total GDP in ASEAN, is becoming a key market for Chinese beauty to go overseas. Data from the General Administration of Customs shows that in terms of yuan, China's trade in goods import and export value totaled 21.17 trillion yuan in the first half of this year, up 6.1%...
BYD M6 debuts at GIIAS 2024 in Indonesia as show's top seller
BYD also brought life to the Gaikindo Indonesia International Automotive Show (GIIAS 2024), their first participation in the annual show held in South Tanggelong BSD. During the 11-day show, BYD confessed that its cars were quite popular in Ind...
Luhut says Batang industrial zone expected to become a special economic zone
Minister of Maritime Affairs and Investment Coordination (Marves) Luhut said that the Batang Integrated Industrial Zone (KITB) or Greater Batang City will become a Special Economic Zone (KEK). The 4,300-hectare KITB will continue to expand and be built in four phases. The current construction of KITB is only...
Reasons for Positive Industrial Land Transactions in Jakarta Metropolitan Area
Industrial land sales in Jabodetabek, Greater Jakarta Metropolitan Area experienced very high growth in the second quarter of 2024, with industrial land sales transactions of 182.9 hectares, an increase of 1,84% compared to the previous quarter, and in the first quarter of 2024, industrial...
ASEAN and China-Japan-Korea (10+3) Industry Chain Supply Chain Matchmaking Conference
China Council for the Promotion of International Trade (CCPIT), together with the Ministry of Commerce and Guangxi Zhuang Autonomous Region People's Government, will co-organize the ASEAN and China, Japan and South Korea (10+3) Industrial Chain Supply Chain Matchmaking Conference. The theme of the conference is "Hand in hand with 10+3, cooperation chain future", through online docking and...
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