China-Indonesia Two Countries Twin Parks Service Center Launched at Guangzhou Baiyun Airport
On December 12, the Indonesia Investment Service Center and the China-Indonesia Two Countries Twin Parks Baiyun Airport Advisory Station were unveiled at Terminal 2 of Guangzhou Baiyun International Airport. This is also the first "Belt and Road" national advisory station at Baiyun International Airport, which will provide convenient services for China-Indonesia economic and trade cooperation, open up more future cooperation opportunities, and promote mutual benefit and win-win results for Chinese and Indonesian enterprises in a wider range of fields. Consul General of the Indonesian Consulate in Guangzhou, the Overseas Chinese Affairs Office of the People's Government of Guangdong Province, the Guangdong Provincial Committee of the China Council for the Promotion of International Trade, and the Guangzhou Returned Overseas Chinese Federation, as well as project leaders from both sides, and distinguished guests from all walks of life gathered together to witness
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Indonesia to Ban Export of Copper and Tin Raw Materials Starting Next Year
To strengthen downstream industry development, the Ministry of Industry (Kemenperin) continues to enhance downstream optimization and improve the competitiveness of the national copper and tin industry. Furthermore, the copper and tin industries play an important role in supporting downstream industries such as automotive, electronics, electrical equipment, and renewable energy. To this end, effective January 1, 2025, the export of copper concentrate and anode slime will be officially banned. The Director of Metal, Machinery, Transportation Equipment, and Electronics Industry (ILMATE) at the Ministry of Industry stated that this decision is to continue encouraging further downstream industry development. Meanwhile, on the other hand, tin is still widely exported in the form of raw metal.
Indonesia to Establish a National Investment Holding Agency Following Singapore’s Model
Indonesia’s new President Prabowo will establish a national investment holding company similar to Singapore’s Temasek, aiming to consolidate dispersed investments and leverage them. This institution, named Daya Anagata Nusantara Investment Management Agency, will be led by Muliaman Hadad, former head of the Financial Services Authority. The former Indonesian ambassador to Switzerland, who will lead the agency, stated that once the policy is approved by the parliament, the government will immediately establish this investment body to manage state investments outside the state budget. Currently, discussions are underway with other departments regarding the structure of this investment body, with the goal of emulating Singapore’s Temasek Holdings as a state-owned investment company.
Prabowo's Cabinet List Officially Announced
On Sunday evening (October 20, 2024), President Prabowo and Vice President Gibran announced the composition of the cabinet for the 2024-2029 term at the Jakarta Presidential Palace. The Prabowo cabinet consists of 109 ministers, deputy ministers (wamen), heads of agencies, and ministerial-level agency heads. Below is the complete list of ministers, deputy ministers, heads of agencies, and ministerial-level agencies in the Prabowo-Gibran cabinet: Budi Gunawan as Coordinating Minister for Political and Security Affairs, Yusril Ihza Mahendra as Coordinating Minister for Law, Human Rights, Immigration, and Corrections
Prabowo Inaugurated as Indonesian President: Ushering in a New Era
On October 20, a historic moment will be witnessed as Indonesia undergoes a presidential transition. From 2014 to 2024, the long-serving leader Joko Widodo will step down after 10 years in office, and Prabowo Subianto will succeed him as the new president for the 2024-2029 term. What are the highlights of this presidential inauguration: First, the presidential inauguration ceremony will take place on October 20 at 10:00 AM Jakarta time (11:00 AM Beijing time) at the Indonesian Parliament Building. It is expected that representatives from 35 friendly countries will attend. Under the leadership of the Speaker of the People's Consultative Assembly, the new President Prabowo and Vice President Gibran will be sworn in
Indonesian Ministry of Industry Imposes Mandatory Standard Certification on 16 Products
The Minister of Industry has issued a new regulation mandating the implementation of Indonesian National Standards (SNI) for 16 industrial products, aiming to provide quality assurance to the public. The regulation, included in the Minister of Industry Regulation (Permenperin) plan, governs the conformity assessment process, which includes inspection and testing of products that have a significant impact on safety, security, health, and the environment. This is a crucial tool to ensure that industrially manufactured products meet established standards. To support the implementation of the 16 regulations, a responsible party has been appointed. A total of 20 Product Certification Bodies (LSPro) and 28 testing laboratories, as Conformity Assessment Bodies (LPK), have stated that LPK plays an important role in ensuring that products circulating in the market comply with applicable requirements. Furthermore, the Head of the Industrial Services Standardization and Policy Agency (BSKJI) of the Ministry of Industry stated that the 16 new ministerial regulations aim to regulate products such as prestressed steel wire, calcium carbide, valves, stoves, LPG gas stove hoses, ceramic tiles, sling sprayers, safety shoes, sodium tripolyphosphate, aluminum sulfate, zinc oxide, and cement.
Jokowi Actively Develops Indonesia's Nickel Mining Downstream Industry
One of the achievements of the Jokowi administration is the downstream mining industry. This program has become Indonesia's backbone and has successfully increased the added value from raw mining production to finished goods. Therefore, it is understandable that Indonesia has ultimately reaped a windfall several times over from this downstream project. Now nickel exports are valued at US$34 billion, jumping from around IDR 33 trillion to approximately IDR 510 trillion. The success of domestic nickel downstream stems from the ban on nickel ore exports abroad since 2020, which has not been without challenges. This export ban policy has also faced international resistance, including a challenge from the European Union (EU) at the World Trade Organization
Indonesia Plans to Ban Sales of Fuel Vehicles by 2045
The government plans to increase the use of electric vehicles at increasingly affordable prices, while traditional vehicles using gasoline (BBM) will be restricted due to a sales ban. The Coordinating Ministry for Maritime and Investment Affairs (Kemenko Marves) stated that it is formulating a ban on the sale of traditional vehicles based on internal combustion engines (ICE) using gasoline. The Deputy for Infrastructure and Transportation Coordination at Marves said that banning the sale of gasoline vehicles will be part of efforts to accelerate the adoption of electric vehicles or battery electric vehicles (BEV). They continue to work on formulating a policy mechanism to ban the sale of traditional vehicles.