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
TikTok Acquires Tokopedia Stake, Reshaping Indonesian E-Commerce
"Qingdao-Made" Trains Secure Another Indonesian Order! China Exports Commuter EMUs to Indonesia for the First Time
Chinese Enterprises Help Transform Indonesia's Auto Market Towards New Energy
Indonesia Promotes Local Currency Settlement to Strengthen Regional Economic Stability
Perry Warjiyo, Governor of Bank Indonesia, recently announced a new financial strategy to adopt local currency settlement in cross-border transactions with India and Saudi Arabia. Warjiyo emphasized the importance of this decision at a press conference in Jakarta: "By promoting the use of our own currency, we can achieve more stable exchange rates, as they will no longer be subject to fluctuations in the supply of the U.S. dollar. This will help maintain Indonesia's macroeconomic stability and contribute to the improvement of trade and currency stability in Southeast Asia."
Slowing EV Demand, Nickel Price Plunge, Indonesian Companies Worried
According to a report by Yonhap News Agency on January 23, citing Jakarta Globe and Bloomberg, the nickel price on the London Metal Exchange the previous day was $16,007 per ton, half of what it was a year ago and the lowest level since 2021. Indonesian companies, the world's largest nickel producers, are deeply concerned. Experts explain that this sharp price drop is due to slower-than-expected electric vehicle demand, leading to an oversupply of nickel, a key mineral for EV batteries. Global EV sales increased from 10.5 million units in 2022 to 13.8 million units last year, a growth of about 31%. However, the growth rate slowed to half of the 61.5% increase in 2022 compared to the previous year. It is forecasted that EV sales growth will further slow to around 20% this year. Additionally, the world's largest automaker BYD uses low-cost lithium iron phosphate batteries that do not require nickel, and Tesla has also introduced products using lithium iron phosphate batteries, reducing nickel demand and leading to price declines. The Indonesian Mining Association stated that illegal nickel exports also negatively impact nickel prices, as smuggling yields higher profits, perpetuating a vicious cycle of further international price declines.
Vinda International Share Transfer: Essity Divests, Royal Golden Eagle Group Takes Over
Vinda International's profitability is not ideal, and its major shareholders are no longer willing to wait patiently. At the end of 2023, Vinda International announced that its major shareholder, Sweden's Essity, had begun discussions with several potential buyers regarding the sale of its shares in Vinda International. Looking back to 2013, Essity acquired nearly 300 million shares of Vinda International for approximately HK$8.648 billion, thereby becoming the controlling shareholder of the company. As a consumer paper products manufacturer ranking first in Europe and second globally
China's Investment in Indonesia Reaches $7.4 Billion, Becoming Second Largest Investor in Indonesia
According to Nuru Ikhwan, an official in charge of investment planning at the Indonesian Investment Coordinating Board (BKPM), China's investment in Indonesia reached $7.4 billion in 2023. China continues to be the second largest source of foreign investment for Indonesia. Nuru said that Chinese investors always propose mature investment plans and focus on efficiency, enabling them to implement plans in a relatively short time. He believes that many Chinese investment projects are located in relatively underdeveloped eastern Indonesia, which helps Indonesia promote balanced regional development. Nuru expressed confidence that China's investment in Indonesia will further increase in 2024.
Indonesia-China Youth Forum Explores Bilateral Cooperation Potential
On January 25, the Indonesia-China Youth Forum was held in Jakarta, the capital of Indonesia, with the theme "Exploring the Potential of Indonesia-China Cooperation through the Jakarta-Bandung High-Speed Railway". The forum was organized by PT Kereta Cepat Indonesia China (KCIC), Indonesia's International Daily News, and the Confucius Institute at Al-Azhar University. Nearly a hundred people attended the forum, including Vice Chairman of the Confucius Institute at Al-Azhar University Munir, first President of KCIC Han Gaolu, Chairman of the Indonesian Entrepreneurs Association for Asia-Pacific Hong Peicai, researcher at the Centre for Strategic and International Studies (CSIS) Indonesia Vera Wijaya, as well as experts, scholars, business representatives, and teachers and students from the Confucius Institute at Al-Azhar University.
Kuncai Technology Obtains AEO Certification, Boosting China-Indonesia Park Development
Fujian Kuncai Material Technology Co., Ltd. ("Kuncai Technology") recently received the "AEO Advanced Certification Enterprise Certificate" from Fuzhou Customs. This is the first time an enterprise in the China-Indonesia "Two Countries, Twin Parks" has obtained this certification, which is of great significance for the park's construction and industrial development. AEO (Authorized Economic Operator) certification is an internationally recognized high-credit qualification, regarded as a "green pass" for global trade. Enterprises with AEO certification can enjoy multiple customs facilitation measures, such as reduced document review, faster customs clearance, priority inspection, and lower cargo inspection rates.
Shandong Heavy Industry • Weichai Power Holds New Product Exhibition in Jakarta
In Jakarta, Indonesia, Shandong Heavy Industry • Weichai Power successfully held the 3rd Global Partners Conference and Southeast Asia New Product Exhibition from January 22 to 23. This conference is the third major event for Shandong Heavy Industry in response to the "Belt and Road" initiative and deepening its international market layout, attracting over 1,000 dealers, key customers, financial partners, and media representatives from more than 20 countries and regions including Southeast Asia, East Asia, Australia, and New Zealand to gather together to discuss cooperation opportunities and plan future development. Chairman and General Manager of Shandong Heavy Industry Group