Japanese Brands Still Dominate Indonesia's Automotive Market
Indonesia's automotive sales in February 2025 showed a positive trend, with wholesale sales reaching 72,295 units, up 16.7% month-on-month and 2.2% year-on-year. Retail sales increased from 64,029 units in January to 69,872 units, a 9.1% rise, but still down 0.8% year-on-year. The market is highly competitive, with BYD being pushed out of the top ten best-selling brands. Japanese brands Toyota, Daihatsu, Honda, Mitsubishi, and Suzuki occupy the top five positions, showing clear advantages. Among them, Toyota led with wholesale sales of 24,397 units in February, Daihatsu 11,959 units, Honda, Mitsubishi, and Suzuki at 8,757, 6,684, and 4,750 units respectively.
Indonesia's Largest Gold Plant Has Annual Capacity of 50 Tons
Indonesia Officially Joins BRICS New Development Bank
Indonesian Minister of Industry Hopes Automakers Lower Prices to Boost National Purchasing Power
Deputy Minister of Industry Says Indonesia Could Become Destination for Chinese Factory Relocation
Steel Association Supports Imposition of Anti-Dumping Import Duties
The Indonesian Iron and Steel Industry Association (IISIA) welcomes the implementation of the Anti-Dumping Import Duty (BMAD) policy, which is considered capable of maintaining the competitiveness of the domestic steel industry and curbing lower-priced imported steel products. BMAD is an additional import duty imposed on imported products sold at prices far below their production costs or market prices in the country of origin; dumping practices weaken the competitiveness of domestic producers and reduce their market competitiveness. The Chairman of IISIA stated that BMAD helps drive the steel industry to improve its competitiveness, allowing domestic producers to continue production without worrying about dumping practices. BM
Indonesia Identifies 21 Downstreaming Projects
President Prabowo recently chaired a meeting at the Presidential Palace in Jakarta, urging the government to continue accelerating the downstreaming of domestic industries to enhance energy resilience, create job opportunities, and drive economic growth. The meeting formulated 21 first-phase downstreaming projects with a total investment of $40 billion. The Minister of Energy and Mineral Resources stated that the projects cover multiple strategic sectors including oil and gas, mining, agriculture, and marine. Major projects include building an oil storage project on Nipah Island to enhance national energy resilience, aiming to meet the country's 30-day needs, and constructing a refinery with a daily capacity of 500,000 barrels to ensure stable domestic energy supply and reduce
President Prabowo Meets with Eight Chinese-Indonesian Business Tycoons
President Prabowo hosted a dinner at the Jakarta Presidential Palace for eight major Chinese-Indonesian entrepreneurs, accompanied by the State Secretary Minister and the Cabinet Secretary. The eight entrepreneurs include Anthony Salim, Sugianto Kusuma, Prajogo Pangestu, Boy Thohir (younger brother of the Minister of State-Owned Enterprises), Franky Widjaja, Dato Sri Tahir, James Riady (
China and Indonesia Strengthen Vocational Education Cooperation, Cultivating Over 300 Technical Talents
The Indonesia Luban Workshop Smart Manufacturing Center, jointly established by China's Yangzhou Polytechnic Institute and Indonesia's Universitas Muhammadiyah Jakarta, was inaugurated at Universitas Muhammadiyah Jakarta. Covering nearly 300 square meters, the training center aims to deepen the integration of vocational education with industry needs and cultivate highly skilled technical professionals for Indonesia. The center features two functional zones: electrical assembly and intelligent production lines, supporting talent development in Indonesia's electrical and automation sectors. The Dean of Yangzhou Polytechnic Institute emphasized the center's importance in strengthening industry-university-research cooperation between the two countries, while the Rector of Universitas Muhammadiyah
Five Investors Enter New Capital City
The Head of the New Capital Authority signed land use agreements and notarial deeds at the Public Works Ministry Hall in Jakarta with five investors, including PT Balikpapan Ready Mix Nusantara, PT Berkah Bersinar Abadi, PT Brantas Abipraya (Persero), PT Puri Persada Lampung, and Surabaya State University. They will build mixed-use buildings, office towers, a ho
Indonesia's Sovereign Wealth Fund Focuses on Twenty Strategic Projects
Indonesia has officially launched its national sovereign wealth fund, Danantara, with an initial investment of $20 billion to promote 20 strategic projects. With assets under management of $900 billion, it ranks as the fourth largest globally. The fund focuses on new energy, mineral deep processing, and other fields, aiming to drive Indonesia's economy to achieve 8% annual growth. Its innovative asset management model consolidates dividends from seven state-owned enterprises, and new laws grant the authority to utilize dividends from state-owned enterprises. Initial funds will focus on resource mineral deep processing, digital economy infrastructure, and livelihood security. The fund's leadership follows a "government-business dual-track system" and commits to establishing a triple transparency mechanism. Indonesia
Indonesia Officially Establishes the World's Largest Sovereign Wealth Fund
President Prabowo officially launched the Indonesia National Investment Authority (BPI Danantara) in Jakarta. The event was attended by numerous entrepreneurs, including Chairul Tanjung, a key figure behind CT Corp; Franky Oesman Widjaja, one of the leaders of Sinar Mas Group; tycoon Haji Isam; Anindya Novyan Bakrie of the Bakrie Group; and Garibaldi Thohir (Boy Thohir), President of PT Alamtri Resources