Liugong Invests $317 Million to Build Intelligent Manufacturing Base in Indonesia
During the Osaka World Expo Indonesia Pavilion rolling exhibition and business forum, Chinese construction machinery manufacturer Liugong, through its Indonesian subsidiary PT LiuGong Machinery Manufacturing Indonesia, signed a memorandum of understanding with the Indonesian industrial park Artha Industrial Hill, planning to invest $317 million to build a heavy machinery manufacturing base in Karawang Regency, West Java. The base will become one of the most advanced construction machinery factories in Indonesia, with an annual target capacity of 5,000 units.
11 Indonesian Companies Suspended from Exporting Bird's Nest to China
Indonesia's H1 Investment Exceeds IDR 942 Trillion
Prabowo Advances Tin Smelting Industry Development
Indonesian Government Injects IDR 30 Trillion into Garuda Indonesia for Financial Restructuring
Prabowo Transfers Six Smelters to Indonesian Tin Company
Indonesian President Prabowo recently visited the Bangka Belitung Islands to inspect a refinery and symbolically hand over six smelters seized by the Attorney General's Office to PT Timah. These smelters are valued at approximately IDR 7 trillion and were previously operated by illegal private companies involved in illegal mining. During his inspection at the PT Tinindo Internusa smelter in Pangkalpinang, the capital of the Bangka Belitung Islands, Prabowo was accompanied by several senior officials including the Attorney General, the Minister of Energy and Mineral Resources, and the Minister of Investment and Downstream Industry.
Indonesia Offers 60 Oil and Gas Blocks to Global Investors
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), under the Ministry of Energy and Mineral Resources, recently announced it will offer 60 oil and gas blocks for tender to attract global investors and support Indonesia's vision of energy self-sufficiency. These 60 oil and gas blocks, located across various regions of Indonesia, cover both onshore and offshore areas with different resource potential and development conditions. The opening of these blocks aims to bring in more international advanced technology and capital, improve Indonesia's oil and gas exploration and development efficiency, and tap into potential energy reserves. Ministry of Energy and Mineral Resources
Indonesia's Financial Market Shows Mixed Recent Performance with Net Foreign Inflow Driving Stock Market Gains
Indonesia's financial market has shown mixed performance recently, with stocks rising but the rupiah under pressure and 10-year government bond yields declining. Investors are focusing on upcoming Bank Indonesia foreign exchange reserve data and global economic data. On the 6th, the Jakarta Composite Index (IHSG) rose 21.59 points to 8,139.89, with a trading volume of IDR 28.20 trillion. Foreign investors recorded a net buy of IDR 2.02 trillion, led by the utilities and property sectors, while financial and non-cyclical consumer sectors declined. The rupiah depreciated 0.09% against the US dollar to IDR 16,545 per USD, affected by a stronger US Dollar Index (D
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
Indonesia's sovereign wealth fund, PT Danantara Investment Management (Persero), is about to launch its investment operations. According to Reuters, its Chief Investment Officer stated that during the three-month operational period starting in October 2025, Danantara plans to invest approximately $10 billion (around IDR 165.83 trillion). About 80% of the funds will go to domestic projects, with the remainder allocated overseas. Domestically, initial projects include building a Hajj village in Saudi Arabia, upstream energy projects in collaboration with state oil company PT
West Java Floating Solar Power Plant Officially Under Construction
PT PLN Indonesia Power (PLN IP), a subsidiary of Indonesia's state electricity company PLN, together with Indo ACWA Tenaga Saguling, jointly announced the official launch of the 60 MW AC floating solar power plant construction project at the Saguling Reservoir in West Java Province. The project is expected to generate over 130 GWh of electricity annually, meeting the power needs of approximately 50,000 households, while reducing carbon emissions by about 104,000 tons of CO2 per year. The President Director of PLN IP stated that the project is one of the "National Strategic Projects" stipulated by Presidential Regulation, and also
Chinese and South Korean Companies Cooperate to Build Stainless Steel Factory in Indonesia
South Korea's POSCO and China's Tsingshan Holding Group recently signed an agreement to jointly build a stainless steel factory with an annual capacity of 2 million tons in the Morowali Industrial Park on Sulawesi Island, Indonesia. The total investment in the project exceeds US$70.83 million, with POSCO holding 44.1% and Tsingshan Holding holding 55.88%. The new factory's capacity is close to South Korea's total stainless steel production, and construction is expected to start in 2026. This cooperation marks POSCO's strategic shift towards the Southeast Asian market. In July 2025, POSCO just sold its 1.1 million ton stainless