Chinese and Indian companies deepen and strengthen cooperation in the field of environmental protection
The signing ceremony of the letter of intent on strategic cooperation between Chinese enterprise Jingyuan Environmental Protection and Indonesia Indan Group was held at the headquarters of Jingyuan Environmental Protection, attended by the Ambassador of Indonesia to China and leaders of both sides. The two sides will carry out in-depth cooperation in Indonesia, including water purification equipment production base...
Chinese firm becomes major shareholder in Indonesian nickel mining company
Chinese battery and materials recycler Ganfeng Lithium (GEM), through its subsidiary GEM Hong Kong International Co. ltd. has purchased more than 1 million new shares in Bahodopi Nickel Smelting Indonesia (BNSI)...
Indonesia's presidential palace opens to the public today for Eid al-Fitr
President Prabowo, who will host an open house on Eid al-Fitr 2025, plans to first perform the Eid al-Fitr prayer ceremony at Jakarta's Istiklal Mosque on March 31, 2025 (the day of Eid al-Fitr), before heading to the Independence Palace to host...
Indonesia's garlic import quota monopoly causes prices to soar
2025 Indonesia's established garlic importers have not been given import quotas, and they have to buy import quotas from shell companies allegedly controlled by a few privileged importers, at an additional cost of 7,000 to 8,000 rupiah per kilogram. As Pusbarindo member Jay...
Indonesia Adjusts Royalty Rates for Various Minerals
The Ministry of Energy and Mineral Resources (MEMR) has revised the royalty and non-tax state revenue regulations for the mineral and coal sectors, aiming to increase the mining sector's contribution to the national treasury. The royalty rate for raw nickel ore will be increased from 101 TP3T to 141 TP3T-191 TP3T; nickel...
Japanese brands still dominate Indonesia's car market
Car sales in Indonesia showed a positive trend in February 2025, with wholesale sales reaching 72,295 units, up 16.71 TP3T YoY and 2.21 TP3T YoY. retail sales increased 9.11 TP3T to 69,872 units from 64,029 units in January, but were still down 0...
Indonesia's largest gold plant with 50 tons of annual capacity
Indonesia has a processing plant with a capacity of up to 50 tons of gold per year, the Precious Metals Refinery (PMR) owned by Freeport Indonesia (PTFI) in the Gresik Special Economic Zone in East Java, which was opened on March 17, 2025 by President Prabowo for the...
Indonesia officially joins BRICS New Development Bank
President Prabowo officially announced Indonesia's membership in the New Development Bank (NDB), a decision he made during a meeting with NDB President Dilma Wana Rousseff in Jakarta recently, marking a significant step in strengthening Indonesia's ties with developing...
Indonesia revises tax regulations for a wide range of minerals
The Indonesian government has revised regulations related to royalty tax in the mineral and coal sectors in order to increase revenue from the state's mining sector and to tap the revenue potential from other mineral derivatives. The current tax rate on coal is applied based on the benchmark coal price (HBA)...
Indonesian government allocates 20 trillion to support labor-intensive industries
The government led by President Prabowo plans to allocate 20 trillion rupiah in 2025 to rescue and strengthen labor-intensive industries, with the funds being disbursed through the Labor-Intensive Investment Credit Program, focusing on textiles, garments, footwear, furniture, leather,...
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