Indonesia Cracks Down on Under-declared Palm Oil and Coal Export Values
Indonesia's Minister of Finance recently disclosed after a closed-door meeting at the Presidential Palace that authorities have verified multiple large enterprises engaged in irregular operations of under-declaring cargo values in crude palm oil and coal export businesses. Currently, the National Audit Board for Financial Construction and the Attorney General's Office have initiated investigations, and relevant work is progressing in an orderly manner. The Ministry of Finance will receive the case progress report next week. Based on the verification of shipping documents and cross-border trade data, evidence of export price fraud is conclusive. He stated bluntly that the term 'under-declaration' may sound professional, but it is essentially fraudulent overstatement of export amounts. Companies commonly use a related-party transit model to profit: establishing their own trading agencies in Singapore, selling local goods to overseas related entities at low prices, and then the transit enterprises resell them at several times the price to the final consumer countries. Investigations have found price differences up to four times the original price.
Indonesia States Equal Protection for Cross-border Investments from All Countries
After Chamber Complaint, Multiple Indonesian Ministers Jointly Meet Chinese Investors
China-Indonesia Joint Venture Lithium Battery Factory to Start Production in July
Indonesia's Danantara Group and Hisense Sign MoU
Chinese Brands Dominate Indonesia's Electric MPV Market
The overall development of Indonesia's electric vehicle market continues to improve. Previously, the market was dominated by hatchbacks and compact SUVs, but now multi-purpose electric MPVs for family use are increasingly favored by local consumers, becoming a new market trend. As a mainstream family vehicle, electric MPVs are rapidly opening up the Indonesian household consumer market thanks to their spacious interiors, comfortable driving experience, and significantly lower operating costs compared to traditional fuel vehicles. According to wholesale sales data for January to April 2026 released by the Indonesian Automotive Industry Association, competition in the local new energy MPV segment is clearly diverging, with some automakers going all out to capture market share.
Two Major Indonesian Coal Companies' Coal-to-Methanol Project to Start Construction by Year-End
The CEO of PT Alumina Mining Indonesia revealed that the coal deep processing to methanol project jointly promoted by the company and PT East Kalimantan Raw Coal Company is scheduled to officially start construction at the end of 2026. The project uses coal gasification technology to produce methanol, with an annual design capacity of 2 million tons. The raw material is specifically low-quality coal with a calorific value of 3,400 kcal/kg, requiring approximately 7.7 million tons of coal annually. The total capital investment is as high as US$2.5 billion, equivalent to approximately IDR 43.54 trillion. According to the plan, the entire cycle of engineering design, equipment procurement, and construction will take three years from the start of construction, with commercial operation expected by the end of 2029.
Three Voices from the Indonesian Government After the Chinese Chamber of Commerce Letter
For Chinese enterprises, Indonesia still has opportunities, but the next opportunities do not belong to the boldest, but to those who can calculate clearly, comply deeply, and localize steadily. Survive, endure, and wait for Indonesia's current round of policy rebalancing to complete. Only enterprises that truly take root will be qualified to share the cake of the next cycle. How did the Indonesian government react after the Chinese Chamber of Commerce letter? In the past two days, the letter from the Indonesia China Chamber of Commerce to President Prabowo has indeed stirred up waves in the Chinese business community in Jakarta. In fact, after studying Indonesia's business-government relations for many years, I have always had a judgment: when looking at Indonesian policies, you cannot just look at what they say, but more importantly, where the interests are stuck.
Hisense Signs Strategic Cooperation with Indonesia's National Investment Agency
Hisense Group and Indonesia's Danantara Investment Management Authority recently signed a strategic cooperation memorandum in Jakarta, reaching a consensus on deep cooperation across industries, technology, and R&D. Indonesian President Prabowo and Hisense Group's chairman jointly witnessed the signing. As a national-level authoritative investment institution, the Danantara Investment Management Authority primarily oversees state-owned enterprises and manages major national strategic investment projects, possessing substantial resources and policy coordination capabilities. Under the cooperation agreement, both parties will focus on key areas such as advanced manufacturing localization, technology transfer, scientific innovation, and industrial capacity building.
Chinese Enterprises Win Bids for Two Major Indonesian Port Projects
The Second Company of CCCC Third Harbor Engineering Co., Ltd. recently secured two major projects: the Indonesia Sinar Mas factory port and the Indonesia Nanshan Aluminum port. This follows the company's 2026 wins of the No. 1 and No. 2 finished product warehouse construction projects in Indonesia. These two port infrastructure projects mark a simultaneous push for both land and water engineering, actively implementing the annual work plan of CCCC and steadily planning for high-quality overseas business development during the 15th Five-Year Plan period. The Indonesia Sinar Mas factory port is located along the Batang River in South Sumatra Province, with plans for six high-pile berths and supporting facilities including approximately 10,000 square meters of cargo yard.
Chinese and Indonesian Leading Building Materials Enterprises Jointly Expand Local Market
Oriental Yuhong Overseas Development Group recently signed a strategic cooperation agreement with Avian Brands, a leading Indonesian paint and building materials enterprise. The two parties focus on jointly expanding the Indonesian market and deep collaborative empowerment, leveraging global vision and local deep-rooted advantages to jointly lay out a new landscape of high-quality development for the Southeast Asian building waterproofing industry. Avian Brands' Operations Director, R&D Director, and R&D Manager, along with Oriental Yuhong's Asia Pacific Regional Strategy Director, Indonesia Company Sales Director, and other senior executives attended the signing ceremony, witnessing the implementation of strategic cooperation and laying a solid foundation for in-depth cooperation in multiple fields. As a
Indonesia International Coal and Energy Industry Expo Concludes
On May 13, the three-day 2026 Indonesia International Coal and Energy Industry Expo (ICEE 2026) successfully concluded at the Jakarta International Expo. With the theme "New Energy Development, New Future of Cooperation", the expo covered an exhibition area of 20,000 square meters, gathered over 150 leading domestic and international enterprises, attracted more than 600 buyers and 15,000 professional visitors. Professional buyers covered 70% of Indonesia's coal production capacity, injecting strong momentum into China-Indonesia energy cooperation and the green intelligent transformation of Southeast Asian mining. This edition achieved comprehensive upgrades in scale, exhibitors, and audience, forming a strong industrial cluster effect.