Indonesia's Nickel Downstreaming Boosts Export Value Tenfold
The Minister of Energy and Mineral Resources demonstrated at the Mandiri Investment Forum that due to downstreaming in the nickel industry, the export value of nickel has surged tenfold. He stated that from 2017 to 2018, Indonesia's nickel export value stood at only $3.3 billion. Because President Joko Widodo halted the export of raw nickel materials, this figure has risen sharply. In 2023, it had reached approximately $33-35 billion, with an expected $40 billion in 2024. He noted that implementing the policy to stop nickel exports faced opposition and led to protests for several days, along with resistance from Western countries through the WTO, as these nations, reliant on Indonesian raw materials, pressured Indonesia to continue exporting unprocessed nickel.
High Alert! 71 Indonesian Immigration Officers Suspended for Extorting Chinese Citizens
Indonesia Imposes Foreign Exchange Controls on Natural Resources – What’s the Impact?
New Aluminum Smelter to Be Built in West Kalimantan
Exporters Must Deposit All Foreign Exchange in Indonesian Banks Starting Next Month
Indonesia Plans to Vigorously Develop Nuclear Power
Indonesia will build nuclear power plants with a total capacity of up to 4.3 GW. The President's Special Envoy for Climate and Energy stated that this is part of the government's energy transition strategy. The plants to be built are Small Modular Reactor (SMR) floating power plants, in addition to three 1 GW nuclear power centers. Previously, the National Energy Council revealed that Indonesia has 29 potential nuclear power plant sites, with a total capacity of up to 54 GW, and some potential sites from Sumatra to Papua have been planned. However, building nuclear power plants requires meeting three conditions, including establishing a Nuclear Energy Program Implementing Organization (NEPIO), stake
Indonesian Ambassador to China Djauhari Oratmangun Visits Shaanxi Automobile, Promoting Cooperation in New Energy and Intelligent Commercial Vehicles
Indonesian Ambassador to China Djauhari Oratmangun Visits Shaanxi Automobile——Promoting Cooperation in New Energy and Intelligent Commercial Vehicles Duta Besar Indonesia untuk Tiongkok, Djauhari Oratmangun, Mengunjungi Shaanxi Automobile——Mendorong Kerja Sama di Bidang Kendaraan Niaga Baru Energi dan
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
The Ministry of Investment and Downstreaming / Investment Coordinating Board encourages local entrepreneurs to continuously grow and develop so that they become key players in the country, including in the quartz sand commodity management industry. The Deputy Minister and Vice Chairman of the Investment Board stated that they received a visit from the Indonesian Quartz Sand Miners Association, and that the potential of Indonesian quartz sand is starting to attract attention from both domestic and foreign investors. The government aims to ensure full support for the empowerment of local entrepreneurs and to formulate policies to simplify licensing processes without overlooking the risks involved. Furthermore, the government also hopes that whenever major investments enter Indonesia, local entrepreneurs can participate and play a role. Therefore
China and Indonesia Renew 400 Billion Yuan Bilateral Local Currency Swap Agreement
The People's Bank of China and Bank Indonesia recently renewed the bilateral local currency swap agreement, with a swap size of 400 billion RMB / 878 trillion IDR. The agreement is valid for five years and can be extended upon mutual consent. The People's Bank of China stated that the renewal of the bilateral local currency swap agreement will help further deepen monetary and financial cooperation between the two countries, promote bilateral trade and investment facilitation, and maintain financial market stability.
Neta Auto Launches New Model in the Indonesian Market
Electric vehicle dealer PT NETA Auto Indonesia launched the mid-size SUV NETA X in Central Jakarta. It is available in two variants: 500 Elite and 500 Supreme, priced at IDR 428 million and IDR 448 million respectively. Deliveries have been made to the first 500 consumers who pre-ordered. The NETA X embodies the concept of "Xperience Tech with EV" and is suitable for young families. The price was announced after the GIIAS 2024 event, at which time over 500 consumers had placed orders. The vehicle is locally produced in Indonesia with a domestic content level of 44%. It features a larger size, spacious cabin, and ample trunk space. The interior design is ingenious, and it comes standard with a panoramic sunroof. The 500 Supreme variant is equipped with Level 2 ADAS and multiple safety features. The exterior design is distinctive, the body structure is safe, and the chassis has been tuned. In terms of performance, it has a maximum power of 120 kW, a range of 480 km, a safe battery with fast charging, and uses common charging port models.
GAC Aion Plans to Have Over 50 Dealers in Indonesia This Year
Chinese automaker GAC Aion, though a new brand, is actively expanding into the Indonesian market. The CEO of Aion Indonesia stated that the target for 2025 is to have over 50 dealers in Indonesia, with more than 40 already established. Its dealers are spread across Sumatra, Kalimantan, Bali, and Java, and products have even been displayed in Aceh. This move aims to introduce advanced electric vehicle technology and serve Indonesian consumers. The emergence of new dealers is expected to expand the after-sales service network and provide direct experience for consumers considering switching to electric vehicles. Meanwhile, Aion will build charging stations at each dealer, and some specific dealers will also