China Development Bank Allocates Funds to Indonesian Railway Company to Solve High-Speed Rail Cost Overruns
China Development Bank (CDB) has disbursed $448 million (approximately IDR 6.9 trillion) to Indonesian Railway Company (KAI). This loan will be used to cover cost overruns for the Jakarta-Bandung High-Speed Railway, also known as the "Whoosh" high-speed rail project. In a significant document submitted by KAI to the Financial Services Authority, the loan is denominated in both US dollars and Chinese yuan. The loan is divided into two parts: Tranche A, amounting to $230.9 million (approximately IDR 3.6 trillion), was disbursed on February 7. Secondly, Tranche B is RMB 1.54 billion
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SUPCON and Indonesia's State Gas Company Officially Sign Strategic Cooperation Memorandum
Recently, SUPCON Technology Co., Ltd. (referred to as “SUPCON”) and Perusahaan Gas Negara (referred to as “PGN”) officially signed a strategic cooperation memorandum on automation and intelligence for natural gas pipeline network facilities, marking a solid and important step for SUPCON and PGN in jointly promoting the digital, intelligent, and green development of the energy industry. PGN Group Director and President of Strategy and Business Development Rosa Permata Sari, President Assistant Taufan Zamzami, Head of Business Development Dimas Haryo Dito, PGNCOM (PGN's subsidiary for telecommunications, digitalization, and informatization) Chairman and President Larassetyo Wibowo, SUPCON Chairman and President Cui Shan, SEA Regional President Jack Li, and Indonesia Branch General Manager Huang Di attended the signing ceremony. Rosa Permata Sari and Cui Shan signed the agreement on behalf of both parties.
US Media: Rising 'Dirty Nickel' Reputation Threatens Indonesia's EV Dream
“Originally harboring dreams of prosperous development for the electric vehicle manufacturing industry, this has instead led to increased coal consumption.” The Wall Street Journal reported on the 4th that Indonesia's ban on raw nickel exports means more smelters will be built domestically, and before the arrival of a more environmentally friendly electric vehicle era, the country may have to first experience a “coal boom.” Nickel is one of the key materials for electric vehicle batteries, and Indonesia accounts for half of the global nickel supply. In recent years, to enhance and optimize the economic benefits of domestic resources, the Indonesian government has adopted a “downstreaming” policy that only allows important metal resources, including nickel, to be exported in refined metal form. In 2020, the government completely banned nickel exports, hoping to attract foreign investment in Indonesia's metal industry, establish a localized industrial system, connect the nickel industry with the electric vehicle industry, and develop its own EV supply chain.
Shandong Lingong Holds Its First On-Site Mining Promotion Event in Indonesia, Highly Praised by Industry
Recently, at a coal mining area in Kalimantan, Indonesia, Shandong Lingong meticulously organized its first on-site mining promotion event in the region. The event attracted over 120 key guests, including coal mine owners, contractors, and industry media. The event was held in the format of "on-site demonstration + case sharing + hands-on experience," providing participants with an extremely vivid and authentic experience, which received enthusiastic responses and high praise. After an in-depth analysis of market demand and competitive conditions in Indonesia, Shandong Lingong carefully planned this on-site promotion event, inviting customers to the mining site to observe
Doudou Tech Logistics: Linking China and Indonesia, a Pioneer in Cross-Border Supply Chains
Against the backdrop of China's logistics industry producing many giants, Doudou Tech Logistics, originating from Guangdong, has gradually carved out a niche in the Indonesian market through its outstanding technological capabilities. According to a joint survey report by Google and Temasek, the Southeast Asian e-commerce market has surged from $540 million in 2015 to an estimated $8.78 billion by 2025, a growth of 1626%. Within this growth, the potential of the Indonesian market is particularly prominent, expected to account for 52% of the total Southeast Asian e-commerce market. Indonesia, with a population of 238 million
TikTok Acquires Tokopedia Stake, Reshaping Indonesian E-Commerce
February 1 News - According to the latest disclosed transaction details, Indonesia's tech leader GoTo has announced to the world that TikTok has successfully completed the acquisition announced last December. Specifically, TikTok invested $840 million to acquire a 75.01% stake in GoTo's e-commerce business, Tokopedia. After the completion of this acquisition, TikTok Shop's operations in Indonesia will be fully merged with Tokopedia. The newly merged entity, PT Tokopedia, will be controlled by TikTok,
"Qingdao-Made" Trains Secure Another Indonesian Order! China Exports Commuter EMUs to Indonesia for the First Time
According to a February 1 report from Qingdao Daily/Guanhai News, China's high-end equipment manufacturing industry has once again gained international market recognition and successfully expanded overseas. January 31 marked another significant achievement for CRRC in the Indonesian market, with the signing of a contract to supply commuter electric multiple units (EMUs) with PT KAI Commuter (KAI Commuter). This is not only another milestone following the Jakarta-Bandung High-Speed Railway project but also the first time China has exported commuter EMUs to Indonesia. PT KAI Commuter, a wholly-owned subsidiary of PT Kereta Api Indonesia (Persero), operates commuter railway services in Jakarta and surrounding cities such as Bogor, Depok,
Chinese Enterprises Help Transform Indonesia's Auto Market Towards New Energy
[caption id=\"attachment_1833\" align=\"aligncenter\" width=\"669\"] Image not related to text[/caption] Recently, Chinese automaker BYD held a new car launch event in Jakarta, the capital of Indonesia, introducing three models, marking its official entry into Indonesia's new energy passenger vehicle market. Indonesia's Coordinating Minister for Maritime and Investment Affairs, Luhut, stated: "The entry of BYD's new energy vehicles into the Indonesian market can make big cities like Jakarta cleaner,