Industry Newsletters
Indonesia focuses on downstream agriculture to dominate ASEAN
Plummeting commodity prices and China's economic weakness will be a challenge for the new government to boost exports, however Indonesia also has significant export potential in the downstream agricultural sector.2022 Commodity prices spiked after the outbreak of the Russo-Ukrainian war in February 2022...
Indonesia's nickel downstream projects boost export value sharply
President Joko said that downstream nickel projects have succeeded in contributing to a significant increase in the value of exports, with Indonesia's downstream nickel exports having soared to Rp 510 trillion from Rp 33 trillion previously. As Coordinating Minister Luhut said, now Indonesia...
World's largest copper smelter in a single line goes into initial production
PT Freeport Indonesia (PTFI) is preparing to start initial production of copper cathode at its new processing and refining facility (smelter) in Gresik (Jatim), East Java, and the production of copper cathode will be one of the downstream industries of Indonesia's natural resource...
Indonesia plans to develop downstream industry of khat leaves
The Minister of Cooperatives and Small and Medium Enterprises (MenkopUKM) has encouraged the downstream development of various products of katsuo leaves, which has a huge potential for downstream product development and can even earn up to Rp 90 million per kilogram (Kg). At the Cabinet meeting,...
Influx of Chinese imports affects Indonesia's local ceramics industry
The utilization rate of ceramic products in the country in the first half of 2024 was only 621 TP3T, a result that was down from the utilization rates of 691 TP3T in 2023 and 781 TP3T in 2022, respectively.Chairman Asaki said the decline in the utilization rate was due to the presence of ceramic tiles imported from China...
Palmers say: U.S. tariff hikes, manufacturing seeks breakthrough in Southeast Asia by going overseas
On September 13th, the Office of the U.S. Trade Representative (USTR) issued its final decision regarding the imposition of 301 tariffs on China, which continues to impose tariffs on Chinese products and has caused great concern in the Chinese industry, including the following: - A levy of 1 percent on Chinese imports of electric vehicles...
Kinko's invests 4.6 trillion rupiah in data centers
Sinar Mas and Korea Investment Real Asset Management (KIRAM) are working together to build a data center in Indonesia in a joint venture, with the project...
Indonesia hopes to cooperate with China to develop downstream coal industry
The Indonesian government has proposed to China to develop and increase the value-added of coal (PNT) through a program that President Joko is proud of, that is, to move downstream in the form of other products, such as coal quality improvement (coal upgrading), coal briquetting, refining...
Tokopedia Increases Merchant Service Fees by 101 TP3T Effective September 16
Effective September 16, 2024, Tokopedia will increase merchant service fees by up to 10%, this adjustment applies to Power Merchant and Power Merchant PRO sellers (by product category sold). The service fee is based on each already...
China-India Dual Park Batang Industrial Park honored with large bonded zone qualification
On September 2, 2024, China-Indonesia Binational Park - Batang Industrial Park was awarded the PKB qualification for the Greater Free Trade Zone, which is the fourth Greater Free Trade Zone license approved by the province of Central Java, and the only Chinese-owned park to receive this award. According to Perdirjen...