Prabowo Cracks Down on Tin Mining, Reshaping Global Tin Supply
On October 6, Indonesian President Prabowo witnessed a key moment on Bangka Island: prosecutors handed over six seized tin smelters, approximately 680 tons of tin ingots, and 108 heavy machines to state-owned PT Timah for management. Meanwhile, a large number of illegal mining sites were shut down, and maritime crackdowns intensified, pushing London tin prices to $37,500 per ton within three days, a six-month high. Today, we use key data to explain four things: what happened, the fundamentals of Indonesia's tin industry, the link between the crackdown and policy, and areas to watch. First, the full chain from asset transfer to price surge
Indonesia Plans to Invest $10 Billion in the Next Three Months
West Java Floating Solar Power Plant Officially Under Construction
Chinese and South Korean Companies Cooperate to Build Stainless Steel Factory in Indonesia
China-Indonesia Cooperation Drives Agricultural Industry Development
Chery Plans to Build Its Own Factory in Indonesia
Chinese automaker Chery Group is planning to build its own factory in Indonesia to produce its sub-brands Jaecoo and Lepas. Currently, Chery's assembly operations in Indonesia rely on PT Handal Indonesia Motor (HIM)'s factory in Bekasi, West Java. However, with the rapid growth in demand for Chery and its sub-brand vehicles, the existing production capacity can no longer meet the needs. Chery's Indonesia marketing head revealed that the combined monthly sales of Chery and Jaecoo brands have exceeded 200
Travelers Entering Indonesia Still Subject to Inspection After Declaring Items
The Indonesian customs authority has clarified that even if travelers' baggage items have been registered in the All-Indonesia system, inspections will still be conducted. During the entry and exit process of passengers, baggage inspection is an important part of customs work. The All-Indonesia system registration aims to improve clearance efficiency and facilitate faster passage for travelers, but this does not mean that registered baggage is exempt from inspection. The Indonesian customs stated that baggage inspection is based on multiple considerations. On one hand, this is to ensure that the items carried by travelers comply with Indonesian laws and regulations, including provisions on prohibited and restricted imports and exports.
Indonesia to Continue Promoting Waste-to-Energy Projects
The Indonesian investment management agency BPI Danantara announced the advancement of waste-to-energy projects, with an estimated investment of 2 to 3 trillion rupiah to process 1,000 tons of waste daily. The project is jointly implemented by local governments, ministries, and enterprises. Technology partners are open to domestic and international companies as well as state-owned enterprises. The optimal solution will be selected through evaluation, with the core goal being environmental protection rather than profit. The agency's CEO revealed that PLN (State Electricity Company) will be responsible for waste procurement and energy conversion, taking over the waste treatment fees that were originally paid by local governments, with subsidies provided by the central government. The electricity tariff is set at
China-Indonesia Cooperation to Boost Rice Production Development
At a press conference held at the Ministry of Agriculture headquarters in Jakarta, the Vice Minister of Agriculture recently revealed that China has shown great interest in Indonesia's rice productivity and has discussed cooperation opportunities in the food sector with Indonesia. He stated that several countries, including China, are closely monitoring the increase in Indonesia's rice production, particularly the recent progress in improving paddy yield per hectare, which has drawn international attention. During talks with the Chinese delegation, represented by the Vice Minister of China's Ministry of Agriculture and Rural Affairs, the two sides focused on agricultural cooperation, including rice cultivation. China, as a major global rice consumer,
TikTok Fined IDR 15 Billion for Failing to Report Tokopedia Acquisition in Time
Indonesia's competition watchdog KPPU (Komisi Pengawas Persaingan Usaha) has fined TikTok IDR 15 billion for failing to submit a merger notification to the KPPU within the required timeframe when acquiring a 75.01% stake in Indonesian e-commerce platform Tokopedia, constituting a procedural violation. According to Indonesian regulations, companies must report to the KPPU within 30 working days after completing an equity acquisition. The transaction took effect on January 31, 2024, and should have been reported by March 19 of the same year at the latest. However, TikT
Hongxin Jianfa Breaks into Indonesia's Engineering Machinery Market with Full-Chain Solutions
Indonesia, as the world's largest nickel reserve holder (25% of global reserves) and a major coal exporter, exported 96.5% of its nickel pig iron and 42.7% of its coal to China in 2024. However, the local machinery sector faces two major pain points: a significant gap in mining and aerial work equipment, and slow maintenance response times (up to 72 hours in some cases). Chinese engineering equipment company Hongxin Jianfa recently launched a full range of equipment at the Jakarta International Engineering Machinery Exhibition, including mining machinery and aerial work platforms; a three-tier spare parts system ensuring rapid supply of key components; and a 300-person maintenance team providing on-site technical support.
First EPC Geothermal Power Plant by Chinese Company Successfully Handed Over to Indonesia
The Lumut Balai Phase II Geothermal Power Plant EPC Project, undertaken by PowerChina, has recently officially obtained the Operation Acceptance Certificate, becoming the first geothermal power plant project successfully handed over by a Chinese enterprise overseas. The project overcame complex geological conditions, with performance test results exceeding contract targets; at the same time, key milestones such as Commercial Operation Date (COD) and 15-day reliability operation were completed on schedule. The project adopted a full-chain management approach of "Design-Procurement-Construction," achieving zero major safety accidents. The power plant will provide Indonesia with clean energy that reduces CO₂ emissions by approximately 150,000 tons annually, setting a new benchmark for green ener