Imported Children's Clothing Controls 70% of Indonesia's Offline Market
The imported goods in the Tanah Abang market are considered dominant. According to Tanah Abang traders, it is very difficult to find several domestic products compared to imported goods. The Indonesian Textile Association (API) committee revealed that many manufacturers have closed due to the large number of imported products. This is because the import of various goods has become very rampant, squeezing the textile and textile products (TPT) industry increasingly. In 2024, the turnover of Tanah Abang will decline by 50%, with approximately 70% dominated by imported goods, especially children's clothing. Imported curtains account for 90% of goods, West Java, Jakarta and
Guangzhou Holds Manufacturing Enterprise Overseas Exchange Event to Explore New Opportunities in Indonesian Market
Indonesia’s Trade Surplus Narrows in February, Recording 46 Consecutive Months of Surplus
Indonesian President Commends MSMEs for Their Economic Contribution to Indonesia
March 8-9, Indonesia Talent Expo
March 5, 'Shandong-Indonesia' Enterprise Supply-Demand Matchmaking Jakarta Session
On March 5, the 'Shandong-Indonesia' Enterprise Supply-Demand Matchmaking Jakarta Session Shandong Vice Governor Song Junji will lead a delegation of over 50 enterprises, about 100 people, to hold the 'Shandong-Indonesia Enterprise Exchange' meeting. The delegation hopes to find 50 suitable Indonesian enterprises to participate. Time: Tuesday, March 5, 2024, 15:30pm-17:30pm Location: Ballroom, Shangri-La Jakarta
Minister of SMEs Says Tiktok Still Violates New E-Commerce Law
The Minister of Cooperatives and SMEs stated that TikTok Shop still violates the provisions of the new E-Commerce Law. The ministry has clearly conducted technical coordination among various ministries, but TikTok continues to violate the relevant provisions of the new E-Commerce Law. However, regarding follow-up actions, he is still waiting for coordination with the Minister of Trade. According to the law, social media and e-commerce should be separated. Although TikTok has invested in Tokopedia, TikTok still violates the legal provisions. The government has no issue with TikTok's investment in Tokopedia; the problem is TikT
Earning 9.3 Billion a Day! The Chinese Person Who Made the Most Money in 2023 is Him
Some people make money faster than a money printer. Recently, Forbes released the list of the 10 billionaires with the largest wealth growth in 2023. Among them, Indonesian Chinese businessman Peng Yunpeng, with a wealth increase of $47.9 billion, became the Chinese person who made the most money in 2023. What does $47.9 billion mean? Equivalent to approximately RMB 340 billion, which means that in the past year, he earned an average of RMB 930 million per day, or RMB 10,800 per second. He thus became the new richest person in Indonesia, pushing the Huang brothers, who had held the title for 14 years, off the throne.
If Prabowo Wins Indonesian Election, It May Be Beneficial for Chinese Companies
Indonesians are voting for their first new president in a decade, and opinion polls show the former general is determined to continue pursuing an economic strategy based on business relations with China, while also maintaining a more neutral foreign policy stance between the US and China. Prabowo Subianto, the Defense Minister participating in the February 14 election, has pledged to build on President Joko Widodo's business-friendly policies, including increasing Chinese foreign investment during his 10 years in office by
Indonesia Business Guide Wishes You a Happy Chinese New Year
As the New Year bell rings, we, Indonesia Business Guide, extend our sincerest New Year wishes to all partners and users. In this new year full of hope and opportunities, we look forward to continuing to provide you with the most professional and comprehensive information on Chinese enterprises in Indonesia, helping your business thrive in Indonesia. Over the past year, we have witnessed countless success stories of enterprises in the Indonesian market and felt the trust and support of every user for our services. This is our driving force and the source of our continuous improvement. In 2023, we will continue to uphold the concept of "
US Media: Rising 'Dirty Nickel' Reputation Threatens Indonesia's EV Dream
“Originally harboring dreams of prosperous development for the electric vehicle manufacturing industry, this has instead led to increased coal consumption.” The Wall Street Journal reported on the 4th that Indonesia's ban on raw nickel exports means more smelters will be built domestically, and before the arrival of a more environmentally friendly electric vehicle era, the country may have to first experience a “coal boom.” Nickel is one of the key materials for electric vehicle batteries, and Indonesia accounts for half of the global nickel supply. In recent years, to enhance and optimize the economic benefits of domestic resources, the Indonesian government has adopted a “downstreaming” policy that only allows important metal resources, including nickel, to be exported in refined metal form. In 2020, the government completely banned nickel exports, hoping to attract foreign investment in Indonesia's metal industry, establish a localized industrial system, connect the nickel industry with the electric vehicle industry, and develop its own EV supply chain.
Vinda International Share Transfer: Essity Divests, Royal Golden Eagle Group Takes Over
Vinda International's profitability is not ideal, and its major shareholders are no longer willing to wait patiently. At the end of 2023, Vinda International announced that its major shareholder, Sweden's Essity, had begun discussions with several potential buyers regarding the sale of its shares in Vinda International. Looking back to 2013, Essity acquired nearly 300 million shares of Vinda International for approximately HK$8.648 billion, thereby becoming the controlling shareholder of the company. As a consumer paper products manufacturer ranking first in Europe and second globally