Skip to Main Content
Yinqitong

News & Updates

Focusing on Chinese investment news, policy updates, social dynamics, and industry bulletins, keeping you ahead of Indonesian market trends.

Recent Updates 2026-09-09
Indonesian Property Tycoon Very Optimistic After Seeing New Capital Development
Social News 2024-08-20

Indonesian Property Tycoon Very Optimistic After Seeing New Capital Development

Real estate giant Sugianto Kusuma, owner of Agung Sedayu Group and developer of PIK area, is optimistic about the success of Indonesia's new capital (IKN). He expressed this after witnessing IKN's development firsthand while attending the 79th Independence Day ceremony. Also known as Aguan, he came to the new capital with other members of the Nusantara Consortium and was amazed by IKN's buildings. After seeing it firsthand, he was optimistic that IKN would definitely succeed. Aguan's Agun

President Jokowi to Attend Inauguration of Alumina Smelter in West Kalimantan
Social News 2024-08-16

President Jokowi to Attend Inauguration of Alumina Smelter in West Kalimantan

President Jokowi is scheduled to inaugurate the Alumina Smelter (SGAR) project in Mempawah, West Kalimantan Province in September 2024. This was conveyed by INALUM's Business Development Director when Jokowi visited the MIND ID booth at the 2024 Environment, Climate, Forestry, and New Renewable Energy (LIKE) Festival held at the Jakarta Convention Center. They invited President Jokowi to the SGAR Mempawah for the ceremony, so they want to inject bauxite into the plant. PT Bauxit Alumina Indonesi

YLKI Urges Consumers to Beware of Illegal Imported Food from China
Social Updates 2024-08-11

YLKI Urges Consumers to Beware of Illegal Imported Food from China

The Indonesian Consumer Foundation (YLKI) urges the public to be vigilant against illegal food and beverage products from China, as these products can harm people's health. A YLKI researcher stated that people must be more careful when purchasing food, and one way is to check the distribution permit from the Food and Drug Monitoring Agency (BPOM) to avoid buying illegal food. He called on consumers not to buy food or beverages without a BPOM distribution permit. He highlighted numerous health problem cases caused by illegal food from China in recent decades, due to frequent quality and safety issues in such illegal food products.

Indonesia's Special Task Force Seizes IDR 46.1 Billion in Illegal Imported Goods
Social Updates 2024-08-10

Indonesia's Special Task Force Seizes IDR 46.1 Billion in Illegal Imported Goods

The Illegal Import Special Task Force, consisting of the Ministry of Trade, Customs and Taxation, and the Attorney General's Office (Kejagung), has confiscated illegal imported products worth IDR 46.1 billion. The Minister of Trade, who also serves as a member of the advisory board of the Illegal Import Special Task Force, revealed that the illegal imported goods were seized because they did not comply with the import compliance requirements of applicable laws and regulations, including lacking import permit (PI) documents, import inspection report (LS) documents, or import registration numbers. As a follow-up to the establishment of the task force, as stipulated in the decree, the task force for monitoring the implementation of import trade procedures for certain goods has taken action.

Ten Goods Planned for Excise Tax in Indonesia
Social Updates 2024-08-05

Ten Goods Planned for Excise Tax in Indonesia

The government plans to increase the types of goods subject to excise tax, ranging from packaged sweetened beverages (MBDK), plastics, to ready-to-eat food. Excise taxes on MBDK and plastics have been planned since 2019 but discussions were postponed due to the pandemic. Currently, this proposal is being discussed again with the House of Representatives, although it is unclear when it will be implemented. The Director General of Customs and Excise stated that they do not know when it will be implemented yet and will see the discussion in the 2025 RAPBN; their position remains open. Besides these two goods, several other goods have been proposed for excise tax. The latest is processed ready-to-eat food as stipulated in Government Regulation (PP) No. 28 of 2024 concerning the implementation regulations of Health Law No. 17 of 2023.

Luhut Says Batang Industrial Zone Expected to Become a Special Economic Zone
Social Updates 2024-08-01

Luhut Says Batang Industrial Zone Expected to Become a Special Economic Zone

Coordinating Minister for Maritime and Investment Affairs (Marves) Luhut stated that the Batang Integrated Industrial Zone (KITB) or Greater Batang City will become a Special Economic Zone (KEK). Covering 4,300 hectares, KITB will continue to expand in four phases. Currently, KITB construction is only in phases one and two, covering 450 hectares and 650 hectares respectively. After the inauguration of KITB in Batang Regency, Central Java, Luhut said this is why he believes it will develop, and they have agreed to create a KEK so the government can provide tax exemption incentives and various other benefits. KITB was inaugurated by President Joko

Illegal Import Goods Worth 40 Billion IDR Seized
Social Dynamics 2024-07-29

Illegal Import Goods Worth 40 Billion IDR Seized

On July 26, the Indonesian Minister of Trade led the special task force for rectifying illegal imports and sealed a warehouse in North Jakarta. The suspected illegally imported products in this warehouse have a value of up to 40 billion Indonesian rupiah, approximately 20 million RMB. The products include: Mobile phones and tablets worth 2.7 billion IDR, approximately 1.35 million RMB Clothing and garments worth 20 billion IDR, approximately 10 million RMB Electronic products worth 12.3 billion IDR, approximately 6.15 million RMB

One-stop Services for Indonesian Business Overseas Expansion

Company Registration Tax Compliance Legal Consulting Market Expansion Talent Recruitment
Learn More