Industry Newsletters

The Minister of Finance has announced the preparation of Rp 2 trillion in special financing to support the domestic textile and furniture industry, which will be disbursed through the Indonesian Export Finance Institution (LPEI). Previously textile and furniture companies had applied for Rp 16 trillion in funding needs, but when...

The Association of the Indonesian Nickel Industry (APNI) and the Forum of the Nickel Industry (FINI) are contesting the Ministerial Decree recently issued by the Minister of Energy and Mines. The decree stipulates the standard administrative fines for mining violations in forest areas, with the highest for nickel at 6.5 billion rupiah per hectare per year,...

The Forest Management Remediation Working Group said that if PT Weda Bay Nickel fails to pay the administrative fine for illegally occupying forest land, further legal measures may be taken. The company has filed a complaint against the fine and plans to engage in a dialog. Previously the work...

Although Indonesia is a global player in the tombstone trade and its own stone products are also sold in large quantities to the U.S. and Japan, it still imports tombstones from abroad, with China being the main supplier. Central Bureau of Statistics data show that tombstone (HS code 68029900) imports in recent years...

PT Indonesia Weda Bay Industrial Park (IWIP) responded to the suspected smuggling of nickel powder by Chinese nationals through IWIP's exclusive airport in North Maluku province.On Friday, December 5, a Chinese national was arrested at IWIP...

Weda Bay Industrial Park (PT IWIP) has been accused of violating mineral trading rules or causing the loss of national non-taxable revenues (PNBP) for allegedly weighing and verifying minerals on its own, rather than through a licensed inspection agency. Energy and Mining Legal Research ...

Bird's nest exporter PT Abadi Lestari Indonesia Tbk.(RLCO) will be listed on the Indonesia Stock Exchange (BEI). Its initial public offering (IPO) was priced at Rp 168 per share, with 625 million shares issued, raising a total of 1...

The Indonesian government says the move to clean up imported goods goes beyond cracking down on the second-hand clothing trade and will also target the influx of new goods into the domestic market. The Minister of Small and Medium Enterprises revealed that the government is preparing to restrict unlabeled, lack of proper regulation in...

Indonesia's AKR Corporindo (AKRA), through its subsidiary PT Berkah Kawasan Manyar Sejahtera (BKMS), has sold to Sichuan Jinxiang Chemical, which is located in the Gresik Integrated Industrial and Port Special Economic Zone (JIIPE) in East Java, to...

The Ministry of Energy and Mineral Resources ESDM, the world's leading coal exporter, has decided to prevent a fall in international coal prices by cutting production next year. The Director General of the General Directorate of Mines and Coal recently explained at the Parliament House that after preliminary calculations, next year's coal production...