Indonesian Investment Agency Danantara Plans to Invest in Vale Nickel Processing Project
Indonesia's state investment management agency Danantara is considering investing in three high-pressure acid leach (HPAL) smelter projects of PT Vale Indonesia (INCO). These projects are located in Pomalaa, Southeast Sulawesi; Morowali, Central Sulawesi; and Sorowako, South Sulawesi, primarily producing raw materials for electric vehicle batteries. The Pomalaa project has already partnered with Huayou Cobalt and Ford Motor Company, leveraging experience from existing smelters to improve project quality. Vale Indonesi
China's Three Major Automotive Brands Enter Top 10 in Indonesian Car Market August Sales
Chinese Investor Deported for Illegally Trading Palm Oil Fruits
Indonesia to Import 1.4 Million Kiloliters of US Fuel in Exchange for Tariff Reductions
Imported Steel Threatens Indonesia's Local Steel Industry
Nickel Prices Rise After Partial Confiscation of Weda Bay Nickel Mine
After the Indonesian government confiscated part of the Weda Bay nickel mine held by China's Tsingshan Holding Group, nickel prices on the London Metal Exchange (LME) rose 1% to $15,305 per ton. The confiscated area is 148 hectares, allegedly due to license violations. Weda Bay is the world's largest battery-grade nickel production base, jointly developed by Tsingshan Holding and France's Eramet. After the confiscation, LME nickel futures prices rose 1% in a single day, while other industrial metals showed mixed performance: copper up 0.1%, aluminum up 0.2%, lead down. Given that Indonesia contributes over 50% of global nickel supply, and recently due to rainy seasons and export quota restrictions, Indonesian nickel smelters have faced raw material shortages.
China's Economic Influence on Indonesia Reaches 41.2%
The Center for Economic and Legal Studies (Celios) recently released the "China-Indonesia Provincial Index 2025" report, showing that China's influence in Indonesia's economic sector has reached 41.2%, covering trade, investment, infrastructure, and other aspects. China's economic influence in Indonesia is mainly concentrated in North Sumatra (83.3%), North Sulawesi, Central Sulawesi, North Maluku, and East Kalimantan, while no significant influence is seen in West Sumatra and the Papua Highlands. Additionally, China's influence in Indonesia's social sector through diaspora networks, cultural festivals, and student exchanges
China-Indonesia Cross-Border QR Code Payment Two-Way Trial Run
Friends who frequently travel between China and Indonesia! From now on, no need to carry cash or calculate exchange fees—just scan a QR code to pay! Today, Manager Wang shares a great news that can save you a lot of trouble: On September 11, the cross-border QR code between China and Indonesia officially launched a two-way trial run! The central bank governors of both countries witnessed the event, making it highly reliable and directly solving the long-standing problem of spending money when traveling between the two countries. First, let's talk about how the trial run works: For our Chinese side, invited users can open UnionPay QuickPass or Alipay and directly scan QR codes at over 39 million merchants in Indonesia that support QRIS codes.
Indonesia Issues New Regulation to Simplify TKDN Certification Process
The Minister of Industry recently officially issued the Minister of Industry Regulation No. 35/2025, comprehensively reforming the Domestic Component Level (TKDN) certification system. The new regulation aims to simplify procedures, attract investment, and support President Prabowo's development plan. Four key reform highlights include: companies building factories in Indonesia and hiring local employees automatically receive a 25% TKDN baseline score, with R&D investments eligible for an additional 20% bonus. In addition, certification time
Indonesia Plans to Add 6 New Special Economic Zones
The Coordinating Ministry for Economic Affairs recently announced plans to add 6 new Special Economic Zones (KEK), including a halal industry SEZ in Surabaya, East Java. Key projects include KEK Sidoarjo as a global halal industry chain hub, integrating the entire supply chain from raw materials to finished products. Also included are KEK Subang as a manufacturing base for BYD electric vehicles, with an investment of IDR 134.59 trillion, expected to create 95,000 jobs; and KEK Patimban as an industrial zone focusing on petrochemicals, EV batteries, and semiconductor manufacturing. The relevant plans await
Multiple Chinese Companies Plan to Move Production Bases to Deltamas Industrial Zone
PT Puradelta Lestari Tbk (DMAS) confirmed that due to the impact of US tariff policies, multiple Chinese manufacturers plan to relocate their production bases to the Greenland International Industrial Center (GIIC) in Cikarang, West Java. The US reciprocal tariff policy has prompted Chinese companies to seek production bases in Southeast Asia. The industrial zone currently houses 170 tenants, mainly Japanese companies (such as Suzuki, Mitsubishi, etc.). In the first half of 2025, the industrial zone recorded revenue of IDR 613.35 billion (down 49% year-on-year
Chinese Food Trays Will Not Be Suspended Due to Lard Controversy
The head of the National Nutrition Agency (BGN) recently stated that although imported Chinese food trays have been alleged to potentially contain lard, the government will not suspend imports because domestic production capacity cannot meet demand. Domestic capacity is only 11.6 million trays per month, yet 80 million trays are needed by the end of 2025, with domestic supply only able to provide 45 million. The main source of imported food trays is China. The Ministry of Industry will be responsible for quality testing, the Food and Drug Supervisory Agency (BPOM) for hygiene standards, and the Halal Certification Agency (BPJPH) for verifying ingredient composition. BGN plans