Over 150,000 Indonesian Textile Workers Lost Their Jobs
Chairman of the Indonesian Fiber and Filament Producers Association (APSyFI) stated that currently 21 textile companies in Indonesia have closed, and 31 textile factories are facing the threat of closure. Since the end of 2022, the capacity utilization level of textile factories has begun to decline. By the second quarter of 2022, the utilization rate was only 72%. Many textile and garment companies that are members of APSyFI have closed. So far, the utility of the industry continues to decline. According to the association's records, it is now only 45%. Since Covid-19, the capacity utilization level has been declining, and the textile industry
Indonesia's Durian Exports to China Valued at US$8 Billion
Huagang Group Launches First Overseas Factory Project in Indonesia
World's Largest Single-Line Copper Smelter Officially Inaugurated in Indonesia
Multiple Unregistered BPOM Cosmetics Found to Contain Carcinogens in Indonesia
Indonesia's Ministry of Trade Plans to Tighten Imports of Chinese Ceramic Products
The Minister of Trade (Mendag) stated that he will tighten ceramic imports due to the large influx of illegal ceramic products from China. The Ministry of Trade recently confiscated 4.57 million ceramic products that did not meet SNI standards, valued at nearly IDR 800 billion. The Minister of Trade said that the massive influx of illegal ceramic imports will impact MSMEs, as their price competitiveness will decline. Illegal Chinese ceramic products often come at low prices, causing MSME products to become unsalable, so they will impose high excise taxes on each imported ceramic product. If products are imported from abroad, they will be subject to high
Indonesia to Become World's Fourth Largest Copper Producer Next Year
Indonesia will become the world's fourth largest producer of cathode copper in 2025, following the full operation of PT Freeport Indonesia (PTFI)'s new smelter in Gresik since July 2024. The Minister of Investment/Head of the Investment Coordinating Board (BKPM) stated that the copper plant will produce 60 tons of pure gold and 400,000 tons of cathode copper. In addition, the smelter's investment value is USD 3 billion, equivalent to IDR 49.2 trillion, and will commence operations on July 1, 2024. From July 1, the Freeport plant will process copper concentrate from Gresik Timika.
PetroChina Takes Multiple Measures to Ensure Natural Gas Supply in Indonesia
Cooperation Contractor (KKKS) PT PetroChina International Jabung Ltd (PCJL) continues its efforts to secure Indonesia's natural gas supply, particularly to meet industrial demand and household natural gas networks (jargas). This is part of PetroChina's efforts, one of which includes signing three Natural Gas Sales and Purchase Agreements (PJBG) with the Jabung Block PSC on Friday (June 21, 2024). The cooperation took place during the 2024 Gas Forum held from June 19 to 21, 2024, in Bandung, with the theme
This Chinese Company is Not Allowed to Enter the Indonesian Market
The Director General of Domestic Trade at the Ministry of Trade revealed that the e-commerce platform Temu has not yet obtained a permit to operate in Indonesia. This Chinese e-commerce platform is considered potentially disruptive to the market and could affect the country's micro, small, and medium enterprises (MSMEs). Temu has not yet obtained a license, and he claimed to have coordinated with the Ministry of Communication and Information Technology (Kominfo) to resolve this issue. Temu adopts a factory-to-consumer business model, which he emphasized is not in line with Indonesian policies as it conflicts with government regulations on trade sector implementation. He
Chinese Enterprises Invest IDR 13 Trillion in East Kalimantan
The Acting Governor of East Kalimantan (Kaltim) stated that a Chinese company is ready to invest IDR 13 trillion in East Kalimantan. He also made an official visit to China from June 19 to 22, 2024. The company interested in investing is from Anhui, China, and is interested in investing in chemical agricultural materials such as pesticides, herbicides, and glyphosate. The company's vice president has surveyed multiple locations in Indonesia for investment. The partnership between East Kalimantan Province and Anhui Province as sister provinces provided an opportunity for site selection. They need 1,000 hectares of investment land to build a
Indonesian Trade Ministry Seizes Illegally Imported Chinese Ceramics Worth IDR 79.8 Billion
The Minister of Trade (Mendag) revealed that millions of illegally imported ceramic products from China, worth IDR 79.8 billion, were seized at PT Bintang Timur warehouse in Surabaya. The total number of ceramic products confiscated was 4,565,597 pieces. Millions of ceramic products of various brands from China were not accompanied by import documents, including no Customs Clearance Letter (SPP) and no cargo delivery documents or consignment notes (CN). In addition, they lacked Indonesian National Standard (SNI) certificates, so these products cannot be distributed to consumers. He emphasized that the Trade Ministry took this action to protect
Quanzhou Port Opens First Direct Maritime Route to Indonesia
On the 15th, under the supervision of Quanzhou Customs, the Vietnamese cargo ship "Royal 88," carrying 4,600 tons of Indonesian kaolin from Belitung Island, Indonesia, successfully unloaded at Huajin Terminal in the Jinshang Operation Area of Quanzhou Port. This marks the first direct foreign trade vessel to arrive since the expansion and opening of Quanzhou Port, and also the official launch of the first direct maritime route from Quanzhou Port to Indonesia. To date, Quanzhou Port has opened a total of 11 maritime routes under the Belt and Road Initiative. Quanzhou, as an important starting point of the ancient Maritime Silk Road, has seen continuously growing trade with Belt and Road countries. Huajin Terminal is a key