Seven Local Indonesian Ceramic Enterprises Forced to Close and Suspend Production
The Ministry of Industry (Kemenperin) stated that seven tile companies have gone bankrupt or closed, due to rising natural gas prices and the impact of massive ceramic imports from China. The head of the Ceramic and Glass Industry Development Working Group of the Ministry of Industry said that the local ceramic industry's competitiveness has been declining due to rising natural gas prices. Although it was successful before 2015, with high corporate competitiveness and even a utilization rate of 90%, it began to decline afterwards. Corporate competitiveness became very low, unable to compete on price, and the arrival of cheap imported products made the situation worse. The surge in tile imports flooded in
Indonesia's Ministry of Trade Joint Task Force Focuses on Cracking Down on Seven Categories of Illegal Imported Goods
Indonesia's New Capital Receives 421 Letters of Intent for Investment
Foreign Ministry Responds to Indonesia Imposing High Tariffs on Chinese Goods
Indonesian Minister of Manpower Appreciates Chinese Companies for Complying with Indonesian Regulations
Indonesia's red chili stock is expected to remain at a low level
The Director of Processing and Marketing of Plantation Products at the Directorate General of Plantations, Ministry of Agriculture (Kementan), revealed that Indonesia's large red chili stock is at a critically low level, and this situation is expected to continue until September 2024. He stated that this month the stock of large red chili in Indonesia is in a critical position because domestic stock is very low until September this year. Meanwhile, small chili stock is still safe, but shortages will also occur from November to December 2024, due to drought in several areas that are chili production centers, leading to crop failure, and some farmers have even cleared their land.
Indonesia's plan to impose a 200% tariff on Chinese imports is still under discussion
The Director General of Fiscal Policy at the Ministry of Finance stated that the government is still discussing imposing higher import tariffs on various products from China. When asked about the discussion of a 200% import tariff on Chinese products, he stated that discussions are still ongoing with the relevant ministries, namely the Ministry of Industry (Kemenperin) and the Ministry of Trade (Kemendag). The discussion on imposing higher import tariffs on Chinese products needs to be considered by all departments, especially the Ministry of Industry, which believes it must be considered from upstream to downstream. Products such as fibers and textiles from China are flooding the Indonesian market, which also has an impact on domestic industries producing similar products.
China and Indonesia Strengthen Cooperation in Human Resources Sector
The Minister of Manpower is exploring opportunities to transfer productive-age human resource capabilities from China. During a working visit to the Shanghai International Training Center (SITC) on Friday, she discussed potential cooperation. Indonesia will collaborate with SITC, with a special focus on competency-based training at all community vocational training centers in Indonesia. She outlined several potential initiatives to be carried out by both parties, namely supporting instructor training at the Central Technical Implementing Agency (UPTP) and the UPTP Vocational and Productivity Training Center (BPVP). Other collaborations will include
Economists Question High Tariffs on Chinese Imports
Economic observers have found that Indonesia is often flooded with imports from China, threatening domestic industries, but imposing import tariffs as high as 200% is considered not a solution. The Executive Director of the Center for Economic Reform (CORE) stated that the existence of the ASEAN-China Free Trade Agreement (ACFTA) is one of the reasons for the increased influx of Chinese imports into ASEAN, including the Indonesian market, since 2019. Since its implementation in 2016, many imported products from China have been subject to very low import tariffs in the domestic market. Indonesia is bound by ACFTA, which has led to an influx of Chinese products over the past 10 years
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
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 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.