China Becomes North Sumatra's Largest Import Source
The Central Statistics Agency (BPS) noted an increase in the volume of imported goods entering North Sumatra from China. Up to April 2024, imported goods from China to North Sumatra reached USD 88.5 million, equivalent to IDR 1.4 trillion. According to BPS North Sumatra data, imports from China to North Sumatra increased by 21.29% compared to March, reaching USD 72.9 million, equivalent to IDR 1.18 trillion. The head of BPS North Sumatra stated that the import value from China was USD 88.5 million, or 20.45%, followed by Singapore in second place.
Multiple Major Projects Under Construction in Indonesia's New Capital City
7th China (Indonesia) Trade Expo Opens in Jakarta
Wang's Talk: Detailed Progress of Indonesia's New Capital Construction and Investment Opportunities in May
Nickel Price Surge Earns Indonesia Over 100 Trillion Rupiah
Japanese automakers will compete with Chinese companies in Indonesia's EV market
Competition in Indonesia's electric vehicle market has led the new president of Honda Prospect Motor (HPM) to promise an increased supply of Honda EVs, partly to compete with Chinese manufacturers like Wuling and BYD that are aggressively launching electric vehicles. The difference is that this Japanese manufacturer prefers to launch hybrid vehicles first. He believes hybrids are an important bridge to becoming pure electric vehicles, and that the development of EVs in each country is uncertain and can change, so the brand must shift its perspective on electrification. Therefore, there is not just one path, but
Chinese Electric Vehicle Brands Shine in Indonesia Market
Multiple Chinese electric vehicle manufacturers showcased high-quality, innovative, and competitively priced electric vehicles at an automotive exhibition in Jakarta. The six-day PEVS electric vehicle exhibition opened to the public on Tuesday (April 30), featuring over 110 automotive brands including BYD, Chery, Wuling, Seres, Neta, MG, BMW, MAB, etc., and also offered test drive services for visitors. The exhibition was organized by the Indonesian Electric Vehicle Industry Association (Periklindo) to improve the country's electric vehicle ecosystem. Periklindo chairman
Indonesian business circles hope the next government will promote steel industry development
The Central Executive Board of the Indonesian Young Entrepreneurs Association (BPP HIPMI) has revealed the issues that must be addressed by the government under President Prabowo Subianto for the 2024-2029 term. The Constitutional Court (MK) has just decided to reject the lawsuits from the Anies-Muhaimin and Ganjar-Mahfud candidates, and has determined that the 2024-2029 Indonesian presidential and vice-presidential candidates are Prabowo-Gibran. The Secretary General of BPP HIPMI revealed that there is an issue that will become the focus of the downstream and industrialization sectors, particularly steel commodities which are regarded as the "backbone" of domestic development.
Tokopedia Management Fees Officially Increase from May 1st
Starting May 1, 2024, Tokopedia will increase the service fees or management fees charged to partner merchants. After Tokopedia raises the service fees or e-commerce management fees for seller partners, MSME merchants need to recalculate their profit margins. Considering that starting May 1, 2024, the e-commerce platform will increase service fees to between 2% and 6.5%. In fact, the policy of increasing service fees is the prerogative of each platform. However, MSMEs need to be more careful when recalculating their profit margins after this increase. The expert on finance and MSME development from the State-Owned Enterprises Ministry (BUMN) stated that
How to Interpret Indonesia's Strict Import Restrictions on Electronic Products
\r\n\r\nStarting March 10, along with the enactment of Indonesia's new Trade Regulation No. 36, the Ministry of Industry specifically issued new Regulation No. 6 to restrict imports of electronic products. What are the specific details? Let me explain:\r\n\r\nFirst, on February 1, 2024, the Ministry of Industry quietly published Regulation No. 6, which specifies 139 customs codes, of which 78 product categories require quota (PI) and inspection reports (LS) when declaring customs. These 78 tariff items include some products such as air conditioners, televisions, washing machines, refrigerators, fiber optic cables, ice
Jakarta Customs Issues Bonded Zone License to Enterprise
The head of the Jakarta Customs and Tax Regional Office stated that granting the bonded zone license (KB) to PT Hucross Xulong Indonesia is a customs facility and one of the implementations of customs duties. Providing this facility is a form of assistance to domestic industries in promoting international trade. At the same time, Jakarta Customs and PT Hucross Xulong Indonesia also signed an anti-bribery commitment, with both customs and the company doing so to reject any form of bribery. The license issued must be used responsibly while still following government procedures and policies.
China Energy Engineering Corporation Strengthens Cooperation with Indonesia's PLN, Signs Energy Project MoU
During a meeting held in Jakarta, Song Hailiang of China Energy Engineering Corporation (CEEC) and Darmawan of Indonesia's State Electricity Company (PLN) had a fruitful dialogue. The two sides discussed strategies to strengthen green and low-carbon energy cooperation and promote the clean development of Indonesia's energy industry. Song Hailiang expressed gratitude for PLN's continued support and introduced CEEC's ongoing "Four Transformations" and "Three-ization" internationalization strategy. He emphasized the deep cooperative foundation and shared development goals between China and Indonesia in the energy sector, proposing further cooperation in areas such as new energy and smart grids, and jointly developing demonstration projects.