GAC Aion to Launch Three Electric Vehicles in Indonesia This Year
【Kompas News】On July 6, 2024, Aion announced the launch of three new electric vehicles in the Indonesian market by the end of this year. Aion is a company dedicated to the production and sales of electric vehicles, and these new models aim to meet the growing demand of Indonesian consumers for eco-friendly and high-tech vehicles. The three models are the Aion S, Aion Y, and Aion LX. The Aion S is a sedan with stylish design and excellent performance, suitable for city commuting. The Aion Y is a compact SUV with
Indonesia Denies Imposing 200% Import Tariff on China
Chinese Company Sets Global Record for Largest Single Excavator Order in Indonesia
Economists Question High Tariffs on Chinese Imports
Shopkeeper Says: Will Indonesia's Up to 200% Tariffs Be Implemented?
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
Indonesia is one of the world's leading durian producers and exporters, aiming to enhance the value of durian agriculture across the country, especially for the Chinese market. To achieve this goal, Indonesia plans to conduct further research on durian, nicknamed the 'King of Fruits', and expand its cultivation areas. Recently, Indonesia's Coordinator for Cooperation with China and Coordinating Minister for Maritime Affairs and Investment, Luhut, visited China to deepen bilateral trade. He recently highlighted on his official social media account the potential value of durian exports to China, which could reach US$8 billion. Amid growing demand for exotic fruits in the Chinese mark
Huagang Group Launches First Overseas Factory Project in Indonesia
On June 21, 2024, Huagang Group launched its first overseas factory project in Semarang, Indonesia. This marks a new milestone in the group's overseas market expansion and will also fill the gap in Indonesia's high-end functional elastic chemical fiber fabric manufacturing. As a new flagship project of the Belt and Road Initiative, the China-Indonesia 'Two Countries, Twin Parks' project focuses on bilateral cooperation, covering five major industries: marine fisheries, tropical agriculture, light industry textiles, mechanical electronics, and green mining. It aims to establish and cultivate cooperative industrial and supply chains between the two countries. Against this backdrop, many Chinese companies
World's Largest Single-Line Copper Smelter Officially Inaugurated in Indonesia
The government has launched a downstream industry policy, expected to support the national economy in adding value and being one of the keys to maintaining economic resilience. To support this downstream policy, the role of domestic off-takers is very important, including users of copper raw materials. In addition, Indonesia's current supply of downstream copper products still relies on imported products, such as copper tubes, copper strips, copper evaporators, etc. Components needed for electric vehicle production, such as cables, inverters, and batteries, are also still using imported products. To meet these demands, the government continues to encourage downstream processing in the processing industry of Special Economic Zones (KEK). The Coordinating Minister for Economic Affairs
Multiple Unregistered BPOM Cosmetics Found to Contain Carcinogens in Indonesia
Recently, discussions have emerged on Indonesian social media platforms regarding a list of foreign cosmetics containing carcinogens. Carcinogens are substances harmful to the body as they trigger the growth of cancer cells. A TikTok user posted a video listing cosmetics with dangerous ingredients, claiming they are Chinese cosmetics containing carcinogens, urging people to discard or not purchase them because they contain carcinogenic heavy metals!! The products listed in the video include several cosmetics from China. The Public Relations Coordinator of the Indonesian Food and Drug Supervisory Agency (BPOM RI) stated that the agency has not yet confirmed
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.