Indonesian Government Launches Multi-Department Joint Warehouse Inspections Ahead of Ramadan
It is reported that seven Indonesian departments have been conducting joint warehouse inspections in Jakarta, Tangerang, and surrounding areas since February 11, expected to last two weeks. This operation covers multiple fields with high compliance requirements and severe penalties. Some sellers believe the intensity exceeds that of last July. Relevant parties suggest sellers move temporary warehousing items and close warehouses. On a macro level, despite national revenue in 2024, Indonesia still has a high fiscal deficit, such as frozen capital construction budgets and the heavy burden of the free lunch program. Strengthening import inspections and tax supervision can prevent tax loopholes and increase fiscal revenue. On a micro level, ahead of Ramadan, businesses stock up heavily, illegal imports
Indonesia's Quartz Sand Sector Shows Huge Development Potential
China and Indonesia Renew 400 Billion Yuan Bilateral Local Currency Swap Agreement
Neta Auto Launches New Model in the Indonesian Market
GAC Aion Plans to Have Over 50 Dealers in Indonesia This Year
Indonesian Coal Output Hits New High for Two Consecutive Years
rnrnIn 2024, Indonesia's coal production reached 836 million tons, a record high. In 2023, production was 775 million tons, also the highest at that time. Actual production in 2024 exceeded the target of 710 million tons by 117%. The Minister of Energy and Mineral Resources stated that of the 2024 coal production, 555 million tons were exported, 233 million tons met domestic demand, and the remaining 48 million tons were inventory. Global total coal usage is approximately 8-8.5 billion tons, but the market circulating volume is about 1-1.5 billion tons. If export policies are tightened, Indonesian coal will have a systemic impact. Compared to 2023
Process of Registering NPWP in Indonesia's New Tax System
Individuals and entities meeting specific tax obligation standards in Indonesia must register for a Taxpayer Identification Number (NPWP). The Directorate General of Taxes officially launched the coretax system on January 1st. Below is the process for registering NPWP through this system: First, click the link coretaxdjp.pajak.go.id to enter the website. On the Portal Wajib Pajak, select New Registration / pendaftaran baru. Choose the taxable status you wish to register for. In the field "Taxable Person with ID Card Number?", select the corresponding answer. If you want to register NPWP using NIK, choose Aktivasi NIK/NIK Activation; otherwise, select Hanya Registrasi/Only Registration. Fill in your personal identity details under Detail Identitas Wajib Pajak, including name, place and date of birth, gender, and marital status. Fill in a valid phone number or email under Detail Kontak Wajib Pajak, complete the verification by entering the verification code, and then upload the required documents to submit.
Nickel Production Increases, Indonesian Government Adjusts Policies to Support Local Development
The Secretary General of the Indonesian Nickel Miners Association (APNI) stated that in 2024, Indonesia's nickel production approached 300 million metric tons per year, reaching 298.4 million metric tons. From 2023 to 2024, Indonesia's nickel production has been increasing, mainly due to the large-scale production of mixed hydroxide precipitate (MHP) and nickel matte, with nickel production growth reaching 30% of existing capacity. Meanwhile, Indonesia's nickel production dominates the international nickel market with a share of up to 65%. On the other hand, the Minister of Energy and Mineral Resources acknowledged that the government is considering re-examining the work plans and budget expenditures (RKAB) for the nickel industry to balance industrial demand and local
Multiple Major Projects of Chinese Enterprises Subjected to Violent Extortion
The Indonesian Industrial Estate Association (HKI) reports that losses due to investment cancellations and investors leaving industrial estates have reached hundreds of trillions of rupiah, with violent acts by social organizations being the main cause. The HKI chairman stated that losses include not only withdrawn investments but also investments that have not yet entered, potentially reaching hundreds of trillions of rupiah. Social organizations often enter industrial estates to demonstrate, demanding involvement in factory construction or activities such as providing transportation, catering services, etc. This disruption has led some investors to write directly to President Prabowo. Violent acts by social organizations frequently occur in Bekasi, Karawang, East Java, and Batam, including areas where major investment projects of Chinese
Indonesia China Chamber of Commerce Deepens Reform Plan to Promote Development of Chinese Enterprises
The Second Meeting of the Ninth Council of the Indonesia China Chamber of Commerce was recently held in Jakarta. The meeting elected 6 executive vice presidents and 12 industry branch presidents, and passed the "Regulations on Duties and Work Rules of the Council Executive Committee". The new structure promotes reform and adjustments around the core mission of the chamber, aiming to enhance efficiency and assist Chinese enterprises in deeply cultivating the Indonesian market, injecting new momentum into building a new bilateral economic and trade landscape and strengthening practical cooperation. Li Hongwei, Minister Counsellor of the Chinese Embassy in Indonesia, Counsellor Wu Zhiwei, and Sun Shangbin, President of the Indonesia China Chamber of Commerce, attended and spoke at the meeting, with 60 council member units participating.
Batang Industrial Zone Becomes a Popular Area for Chinese Enterprise Relocation
The Batang Integrated Industrial Zone (KIT Batang) in Central Java Province actively welcomes the trend of Chinese factories relocating to Indonesia. The head stated that KIT Batang aims to become a strategic area supporting the transfer of foreign investment to Indonesia, with its infrastructure and land preparation meeting standards. Since the second half of 2024, Chinese investors have entered the area. As of the end of 2024, KIT Batang has signed land use agreements with seven Chinese industrial tenants covering 162.2 hectares of land, and two Chinese tenants are using ready-built factory buildings. Chinese tenants are involved in leather, steel
Chinese and Indonesian Enterprises Cooperate to Jointly Develop Battery Copper Foil Processing Plant
The Indonesian Battery Company (IBC) has signed an Agreement (HoA) with China's Nuode New Material Co., Ltd., China's Sinoron International Construction Co., Ltd., and PT Sentosa Laju Sejahtera (SLS) regarding the development of a battery copper foil processing plant in Indonesia. It aims to strengthen Indonesia's position in the global battery ecosystem and meet global copper foil demand. The project can boost Indonesia's economic growth, create job opportunities, promote technology transfer and domestic copper deep processing, and increase product added value. IBC Development & Operations