Indonesian Trade Ministry Seizes Illegally Imported Chinese Ceramics Worth IDR 79.8 Billion
The Minister of Trade (Mendag) revealed that millions of illegally imported ceramic products from China, worth IDR 79.8 billion, were seized at PT Bintang Timur warehouse in Surabaya. The total number of ceramic products confiscated was 4,565,597 pieces. Millions of ceramic products of various brands from China were not accompanied by import documents, including no Customs Clearance Letter (SPP) and no cargo delivery documents or consignment notes (CN). In addition, they lacked Indonesian National Standard (SNI) certificates, so these products cannot be distributed to consumers. He emphasized that the Trade Ministry took this action to protect
Quanzhou Port Opens First Direct Maritime Route to Indonesia
Foreigners Can Extend Visa on Arrival at a Mall in South Jakarta
Indonesia's Ministry of Trade Tightens Supervision, Non-compliant Electronic Products to Be Destroyed
Indonesia Shandong General Chamber of Commerce Officially Inaugurated
62.3% of Accumulated Containers at Jakarta Port Have Completed Procedures
The Minister of Finance revealed the progress in handling the backlog of 26,415 containers at Tanjung Priok Port in North Jakarta and Tanjung Perak Port in Surabaya. Since the government issued new regulations to address the container congestion, entry procedures for 16,451 containers at the two ports have been completed, meaning 62.3% of the accumulated containers have finished procedures. Among these, 15,662 containers have obtained customs clearance, 73 containers have been returned, and another 716 containers are under customs supervision. She emphasized that speeding up imports by reducing some documentation requirements is aimed at overcoming disruptions in the national supply chain, therefore
Starlink Satellite Cuts Prices Significantly After Entering Indonesia
Shortly after entering Indonesia, Starlink offered a big discount. In its announcement, the company offered up to 40% off its hardware. The announcement is at the top of the Starlink Indonesia official page, and the price discount will last until June 10, 2024. This discount applies to equipment for residential and roaming services, reducing the initial price of IDR 7.8 million to IDR 4.68 million. The monthly service price remains IDR 750,000 per month, with a regional fee of IDR 990,000 per month. Starlink services themselves have been launched in Indonesia for some time, and many social media users claim to have used it. Starlink boss Elon Musk also directly came to Indonesia since Sunday (19/5/2024), with one of the agendas being to launch services at a community health center in Bali. Musk also uploaded a post about his arrival in Indonesia, which also stated that it was an honor to be able to launch Starlink in Indonesia. In another post, he said that the internet service is very useful for remote communities, as it can increase educational opportunities and economic opportunities.
Indonesia Ningde Chamber of Commerce Inauguration Ceremony Held in Jakarta
On May 12, the inauguration ceremony of the Indonesia Ningde Chamber of Commerce was held in Jakarta, the capital of Indonesia. Guests including Liang Weixin, Secretary of the Ningde Municipal Committee of Fujian Province who was visiting Indonesia, representatives of the China Chamber of Commerce in Indonesia, several overseas Chinese leaders in Indonesia, and representatives of Chinese enterprises in Indonesia attended the event. Chen Riling, President of the Indonesia Ningde Chamber of Commerce, stated in his speech that in recent years, China-Indonesia relations have become increasingly close and deepened. More and more Chinese enterprises are actively responding to the Belt and Road Initiative, going overseas to Indonesia, and cultivating deeply on this investment hot land, reaping fruitful results. As part of Chinese enterprises, Ningde enterprises uphold the "Ningde Spirit," striving in the business world while actively promoting effective docking between Ningde's economic development and Indonesia's rich marine and mineral resources, achieving resource sharing and complementary advantages, making indispensable contributions to deepening China-Indonesia economic and trade cooperation.
Indonesia Invites China to Invest in Agricultural Crop Industry Development
Coordinating Minister for Maritime and Investment Affairs (Menko Marves) Luhut publicly admitted that he is dissatisfied with the results of the food industry development in the Humbang Hasundutan area of North Sumatra. Therefore, he invited the Chinese side to participate in the granary project initiated by President Joko Widodo. Humbang Hasundutan is one of the food industrial park locations being developed by the government, in addition to Central Kalimantan, Central Java, Papua, and East Nusa Tenggara (NTT). During the fourth High-Level Dialogue and Cooperation Mechanism meeting with Chinese Foreign Minister Wang Yi in Labuan Bajo some time ago, he stated that the development of agricultural crop industries is one of the areas of cooperation between the two countries.
Indonesia's Q1 2024 Economic Growth at 5.11%: Highest Since 2019
According to the latest statistics released by the Indonesian Central Statistics Agency, Indonesia's economic growth rate reached 5.11% in the first quarter of 2024, an increase from 5.04% in the fourth quarter of 2023. Statistics reveal that since 2019, Indonesia's first-quarter economic growth has not reached such a peak, when the year-on-year growth rate was 5.07%. The chief representative of the Central Statistics Agency, Amalia, mentioned that the economic expansion in the first quarter of this year was driven by the two pillars of consumption and investment, contributing 2.6
BYD Indonesia Factory Location Confirmed
The location for BYD's Indonesia factory has been set. Yes, on April 30, Zhao Yue, head of BYD Indonesia, announced that the factory will be located in the Smartpolitan Industrial Park, covering an area of 108 hectares, with a total investment of USD 1.3 billion. Smartpolitan is situated in the Subang area of the Jakarta-Bandung industrial corridor, developed by Surya Cipta. It is approximately 100 kilometers east of Jakarta, 55 kilometers from Patimban Port, and 80 kilometers from Kertajati International Airport. Land delivery from the developer to BYD is expected in August
NVIDIA Plans to Invest $200 Million in Indonesia to Build AI Center
Recently, NVIDIA announced a grand plan to invest $200 million to build an advanced AI center in Indonesia, a strategy that signals the company's deep expansion into the Southeast Asian market. To implement this plan, NVIDIA has established a partnership with Indonesia's telecommunications giant Indosat Ooredoo Hutchison to jointly advance the project.\r\n\r\nThe AI center is expected to be established in Surakarta, Central Java, and its completion is expected to greatly boost local telecommunications infrastructure, talent