Luhut asks government to closely monitor Chinese goods
Chairman of the National Economic Council Luhut stated that Indonesia must protect its textile industry from the influx of Chinese export products while continuing to attract investment and create job opportunities. Despite increasing layoffs and global challenges, the textile industry remains a key economic driver, employing nearly 4 million workers and attracting substantial domestic and foreign investment. In 2024, foreign direct investment in this sector reached US$903 million, up 107% from the previous year, while domestic investment reached IDR 7 trillion. An international brand announced plans to triple its orders from Indonesia within three years, expected to create 100,000 new jobs. But
Chinese Brand Transsion Leads Growth in Indonesia's Mid-to-Low-End Mobile Phone Market
Indonesia's Sovereign Wealth Fund Focuses on Twenty Strategic Projects
Indonesia Extends Import Safeguard Duty on Ceramic Floor Tiles
Indonesia Officially Establishes the World's Largest Sovereign Wealth Fund
Tencent Cloud to Invest in Building Third Data Center in Indonesia
Tencent Cloud announced it will build a third data center in Indonesia to strengthen its business presence in the country. This initiative is part of its plan to invest approximately USD 500 million in infrastructure and resources in Indonesia by 2030. In November 2024, the news was announced at the Indonesia-China Business Forum, which was also attended by President Prabowo. Tencent's Senior Executive Vice President and CEO of Cloud and Smart Industries Group stated that Tencent is committed to empowering local enterprises to drive innovation, enhance competitiveness, and achieve business goals through advanced cloud, artificial intelligence, and media solutions.
China's Changan Automobile Officially Enters Indonesian Market
Indonesian automotive group Indomobil Group and China's Changan Automobile officially announced a partnership. Changan Automobile, through its wholly-owned subsidiary Mobi Technology Co., Ltd., which is engaged in international trade, import and export, and overseas market operations, has reached this cooperation with Indomobil Group. Indomobil Group, through its subsidiary PT IMG Sejahtera Langgeng, will be responsible for the distribution and sales of Changan vehicles in the Indonesian automotive market. A director of Indomobil Group expressed pride in announcing the strategic partnership with Changan Automobile to bring high-quality vehicles to the Indonesian market.
China Remains Indonesia's Main Non-Oil and Gas Export Market
In January 2025, Indonesia's trade surplus reached US$3.45 billion, marking 57 consecutive months of surplus since May 2020. The Head of the Fiscal Policy Agency at the Ministry of Finance stated that the trade surplus at the start of 2025 was higher than the previous month (December 2024) and also higher than the same period last year. The surplus benefited from increased product added value and trade diversification. By sector, processing industries, agriculture, and plantations contributed more to the trade balance. In January, Indonesia's exports totaled US$21.45 billion, up 4.68% year-on-year, with growth in non-oil and gas exports. Exports from the agriculture and processing industry sectors grew by 4
Indonesian Government Establishes Downstream Industry Task Force
The Ministry of Energy and Mineral Resources stated that the Downstream Industry Task Force will offer investors 35 projects worth US$123.8 billion (approximately IDR 2,005 trillion). The Deputy Minister said this is part of accelerating downstream industry development to achieve domestic energy security. These projects cover multiple sectors including oil and gas, agriculture, and mining, in line with President Prabowo's directive to process domestically advantaged natural resources downstream to obtain added value. The Ministry of Energy and Mineral Resources is currently awaiting coordination results with member departments of the task force, hoping these prepared projects can be offered to potential investors as soon as possible
Indonesia Records 57 Consecutive Months of Trade Surplus
In January 2025, Indonesia recorded a trade surplus for the 57th consecutive month, setting a new record after 56 consecutive months of surplus the previous month. The trade surplus is due to export values exceeding import values. In January 2025, Indonesia's export value was US$21.45 billion, while imports stood at US$18.0 billion, resulting in a trade surplus of approximately US$2.45 billion. The Acting Head of the Central Bureau of Statistics stated that the goods trade surplus in January 2025 was US$3.45 billion, an increase of US$1.21 billion month-on-month, marking 57 consecutive months of surplus since May 2020. The January trade surplus was supported by non-oil commodities, primarily
XPeng Motors to Enter Indonesian Market This Year
Erajaya Active Lifestyle has been appointed as the brand holder and exclusive distributor for Chinese high-tech automotive company XPeng Motors in Indonesia. Both parties signed a memorandum of understanding, marking an important step in XPeng's global expansion. The CEO of Erajaya Active Lifestyle expressed delight at collaborating with XPeng to advance the development of Indonesia's electric vehicle industry. Indonesia's EV market is growing rapidly, with the government targeting 2 million electric vehicles and 31,000 charging stations by 2030, along with tax incentives for vehicle purchases.
Indonesian Government Prepares 35 Downstream Projects for Investors
The Ministry of Energy and Mineral Resources stated that the government is preparing 35 downstream industrial projects worth $123.8 billion (approximately IDR 2,015 trillion). The Deputy Minister stated that following a coordination meeting of the National Task Force for Accelerating Energy Downstreaming and Energy Security, the government has identified and prepared 35 projects to offer to investors. These projects cover multiple strategic sectors, including minerals, coal, oil, and gas. The government is also preparing to develop downstream industries in the agricultural sector, particularly in oleochemical production. In the field of energy security, he emphasized the importance of accelerating energy restructuring to support the national energy transition.