Four Major Chinese Automakers Help Indonesia Become an Export Hub for Environmentally-Friendly Cars
The Minister of Industry, together with four Chinese electric vehicle companies, namely Neta, Wuling, Chery, and Sokon, plans to make Indonesia an export-oriented production center for environmentally-friendly cars. The government has set a target of producing 600,000 electric vehicles by 2030. These four companies have also agreed to make Indonesia a hub for right-hand drive electric vehicle production, with plans to export cars to 54 countries. During the Minister of Industry's working visit to Beijing, China on June 12-13, electric vehicle entrepreneurs conveyed the agreement to make Indonesia an export production center. EV company Neta
China Becomes North Sumatra's Largest Import Source
Foreigners Can Extend Visa on Arrival at a Mall in South Jakarta
Multiple Major Projects Under Construction in Indonesia's New Capital City
Indonesia's Ministry of Trade Tightens Supervision, Non-compliant Electronic Products to Be Destroyed
7th China (Indonesia) Trade Expo Opens in Jakarta
The 7th China (Indonesia) Trade Expo grandly opened today in Jakarta, the capital of Indonesia. As the largest-scale exhibition held by China in Indonesia, the China (Indonesia) Trade Expo has become an important window for Chinese enterprises to enter the Indonesian market. This edition attracted nearly a thousand enterprises from 18 provinces and cities including Zhejiang, Jiangsu, Guangdong, and Shandong, as well as the Hong Kong Special Administrative Region and local Indonesian companies. The total exhibition area reaches 40,000 square meters. The expo covers 9 professional exhibition zones, including Industrial Equipment and Parts, Home Appliances and Consumer Electronics, Building Materials and Home Decoration, Pho
Major June News: Xia Shang Zhou Industrial City Makes Its First Debut!
Located in the northern coastal area of Serang City, Banten Province, West Java, the Xia Shang Zhou Industrial City project is 70 km from downtown Jakarta, 12 km from downtown Serang (capital of Banten Province), 9 km from the highway, 54 km from Soekarno-Hatta Airport, 76 km from Tanjung Priok Port (container terminal), and 24 km from Merak Port (bulk cargo terminal), offering very convenient transportation. The total land area of Xia Shang Zhou Industrial City is 242 hectares, with 208 hectares designated for the industrial park. Additionally, Xia Shang Zhou Industrial City
Indonesia Shandong General Chamber of Commerce Officially Inaugurated
To further strengthen unity, mutual assistance, and win-win cooperation among Shandong entrepreneurs in Indonesia, and to deepen integrated development in Indonesia, Southeast Asia, and beyond, after one and a half years of careful preparation, with the deep care and strong support of leaders at all levels of Shandong Provincial Departments, and the active promotion of all sectors of society, the "Indonesia Shandong General Chamber of Commerce" was solemnly inaugurated in Jakarta on June 2nd. This important moment marks that Shandong entrepreneurs in Indonesia now have their own "home," and also symbolizes that Shandong Province's economic and trade cooperation has entered a new historical stage. At the unveiling ceremony, the Shandong Provincial Association for Foreign Investment and
62.3% of Accumulated Containers at Jakarta Port Have Completed Procedures
The Minister of Finance revealed the progress in handling the backlog of 26,415 containers at Tanjung Priok Port in North Jakarta and Tanjung Perak Port in Surabaya. Since the government issued new regulations to address the container congestion, entry procedures for 16,451 containers at the two ports have been completed, meaning 62.3% of the accumulated containers have finished procedures. Among these, 15,662 containers have obtained customs clearance, 73 containers have been returned, and another 716 containers are under customs supervision. She emphasized that speeding up imports by reducing some documentation requirements is aimed at overcoming disruptions in the national supply chain, therefore
Wang's Talk: Detailed Progress of Indonesia's New Capital Construction and Investment Opportunities in May
On August 17th, Indonesian President Joko Widodo will hold the Independence Day commemorative ceremony in the new capital. Wang shares three points: First, Indonesia's new capital is located near Balikpapan, the provincial capital of East Kalimantan, covering an area of 2,560 square kilometers, including a core area of 560 square kilometers and an expansion area of 2,000 square kilometers. Construction began in July 2022, and as of May 2024, 80% of the progress has been completed. Indonesian state-owned enterprises are responsible for the construction of the presidential palace and ministry office buildings, while Indonesian private enterprises are responsible for supporting facilities such as shopping malls, hotels, schools, and hospitals.
Starlink Satellite Cuts Prices Significantly After Entering Indonesia
Shortly after entering Indonesia, Starlink offered a big discount. In its announcement, the company offered up to 40% off its hardware. The announcement is at the top of the Starlink Indonesia official page, and the price discount will last until June 10, 2024. This discount applies to equipment for residential and roaming services, reducing the initial price of IDR 7.8 million to IDR 4.68 million. The monthly service price remains IDR 750,000 per month, with a regional fee of IDR 990,000 per month. Starlink services themselves have been launched in Indonesia for some time, and many social media users claim to have used it. Starlink boss Elon Musk also directly came to Indonesia since Sunday (19/5/2024), with one of the agendas being to launch services at a community health center in Bali. Musk also uploaded a post about his arrival in Indonesia, which also stated that it was an honor to be able to launch Starlink in Indonesia. In another post, he said that the internet service is very useful for remote communities, as it can increase educational opportunities and economic opportunities.
Nickel Price Surge Earns Indonesia Over 100 Trillion Rupiah
This year, nickel prices hit a record high, resulting in Indonesia's nickel export profits exceeding 100 trillion Indonesian rupiah since the beginning of the year. Data from the London Metal Exchange shows that as of the close on May 16, 2024, the three-month contract nickel price was reported at $20,054 per ton, up 2.50% in a single day, rising for two consecutive days. Over the past month, nickel prices have maintained an upward trend of nearly 10%. The current price has reached the highest level of 2024 and is approaching the peak level seen in mid-September 2023. With the rise in nickel prices this year, Indonesia has reaped substantial profits from the export of this commodity. According to data from the Central Bureau of Statistics (B