Indonesian Government Decides to Suspend Construction of New Nickel Smelters
The government has decided to stop building new nickel refining facilities or smelters that produce low value-added products, specifically rotary kiln electric furnace (RKEF) smelters that produce nickel pig iron (NPI). The Minister of Energy and Mineral Resources stated at the Jakarta Oil and Gas (Migas) Directorate General that the Ministry of Industry has agreed not to add new factories for RKEF and NPI. The government is encouraging the use of minerals to support the electric vehicle industry and new renewable energy. Meanwhile, Indonesia's smelters include bauxite, nickel, iron, and copper. Indonesian smelters must be able to produce intermediate products; several intermediate products are not produced by Indonesian smelters.
Indonesian Minister of SMEs Calls for Prevention of Illegal Imported Goods Inflow
From September 1, Shopee Will Implement New Management Fees for Sellers
Reasons for Active Industrial Land Transactions in the Jakarta Metropolitan Area
The "Two Countries, Twin Parks" Project: Batang Wanxinda Industrial Park
Analysis of the Three Major Industrial Belts on Java Island for Setting Up Factories in Indonesia
For manufacturing site selection in Indonesia, it is essential to understand the three major industrial belts on Java Island. On Java Island, the main manufacturing industrial belts from west to east are divided into three major areas: the Jakarta-Bandung industrial belt, the Central Java industrial belt, and the East Java industrial belt. Among these three, the Jakarta-Bandung industrial belt has been developed for over 40 years, centered on Jakarta, spanning 120 kilometers from east to west. On the west side, there are large-scale industrial parks such as Millennium Park, Modern Cikande Park, and Xiashangzhou Park, while on the east side, it is more concentrated, including Jababeka Park, Marongga Park, Sinar Mas Park, Lippo
Boss Wang Says: Constant Turbulence – What's Next for Indonesia's Trade Business?
Indonesian trade business – is it too difficult? Over the past week, news of government departments cracking down on illegal imported products has constantly shaken the nerves of traders and e-commerce practitioners. To be safe, many offline wholesale stalls have started to close their doors tightly, and many overseas warehouses have also suspended operations. Just last month, at the end of June, Indonesia's Trade Minister called for imposing safeguard tariffs of 100-200%. Indonesia's trade policies and regulatory enforcement have been in constant turmoil. What is the real reason behind this? Let Boss Wang try to explain: Many believe that the trade turmoil is due to the upcoming government transition in Indonesia, with different stakeholders facing a reshuffle. That may have some influence, but Boss Wang believes the core issue is the Indonesian government's pressure to maintain employment. According to Indonesian media reports, 36 textile factories have closed in the past two years, and 31 are on the verge of closure. In 2023 alone, at least 150,000 textile workers in the textile and garment industry lost their jobs. Meanwhile, in the building materials sector, 7 ceramic tile factories have announced production halts. Indonesian society believes the reason is that imported textiles and building materials, with their price and quality advantages, have impacted local industries.
Boss Wang Says: The Importance of Compliance – Indonesia Cracks Down on Illegal Imports
Is Indonesia going to crack down hard on illegal imports? Yes, on July 17, Indonesian Trade Minister Zulkifli Hasan told the media that a special task force to combat illegal imports would be officially established on July 19 in coordination with major regulatory agencies. What exactly is the plan? Let Boss Wang explain in detail: First, Trade Minister Zulkifli Hasan stated that he had previously held closed-door meetings with the Chief of the Indonesian National Police and the Attorney General to seek law enforcement support. The plan is to form a special task force involving 19 Indonesian institutions, including the Ministry of Trade, Ministry of Industry, National Police Headquarters, Attorney General's Office, and the Indonesian Chamber of Commerce and Industry (KADIN), to strengthen oversight on textiles and textile products, clothing and apparel accessories, ceramics, electronics, footwear, cosmetics, and other finished textile products. The task force is expected to be officially established on July 19.
Indonesia's Pharmaceutical Industry Still Highly Dependent on Imported Raw Materials
Indonesia's pharmaceutical manufacturing industry remains heavily reliant on imported raw materials for drug production. The upstream pharmaceutical raw material industry is underdeveloped and unable to supply the raw materials needed by the downstream pharmaceutical manufacturing sector. Indonesia needs continuous investment and research in pharmaceutical raw material development to reduce dependence on imported active pharmaceutical ingredients. The Acting Director General of Chemicals, Pharmaceuticals, and Textiles at the Ministry of Industry stated that about 90% of raw materials for the pharmaceutical industry still need to be imported, with the main source countries being China and India. The huge demand for imported pharmaceutical raw materials makes the industry highly dependent on the originating countries of imports.
Indonesia Completes World's Largest Copper Smelter, Strengthening Mining Industry Leadership
Indonesia has established itself as a global leader in the mining industry by building the world's largest copper smelter, recently inaugurated by PT Freeport Indonesia in Gresik, East Java. The smelter is not only the largest of its kind but also a symbol of Indonesia's serious commitment to optimizing its natural resources. Covering 100 hectares, the smelter can process 1.7 million tons of copper concentrate annually. Featuring the world's largest single-line design, it produces 600,000 tons of cathode copper per year, along with substantial quantities of valuable by-products such as gold, silver, sulfuric acid, and gypsum. This initiative aligns
Indonesia's Durian Exports to China Valued at US$8 Billion
Indonesia is one of the world's leading durian producers and exporters, aiming to enhance the value of durian agriculture across the country, especially for the Chinese market. To achieve this goal, Indonesia plans to conduct further research on durian, nicknamed the 'King of Fruits', and expand its cultivation areas. Recently, Indonesia's Coordinator for Cooperation with China and Coordinating Minister for Maritime Affairs and Investment, Luhut, visited China to deepen bilateral trade. He recently highlighted on his official social media account the potential value of durian exports to China, which could reach US$8 billion. Amid growing demand for exotic fruits in the Chinese mark
World's Largest Single-Line Copper Smelter Officially Inaugurated in Indonesia
The government has launched a downstream industry policy, expected to support the national economy in adding value and being one of the keys to maintaining economic resilience. To support this downstream policy, the role of domestic off-takers is very important, including users of copper raw materials. In addition, Indonesia's current supply of downstream copper products still relies on imported products, such as copper tubes, copper strips, copper evaporators, etc. Components needed for electric vehicle production, such as cables, inverters, and batteries, are also still using imported products. To meet these demands, the government continues to encourage downstream processing in the processing industry of Special Economic Zones (KEK). The Coordinating Minister for Economic Affairs