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Southeast Asia's GDP reaches $3.4 trillion as a strong economy

With an average economic growth rate of 4.41 TP3T from 2010 to 2022, the Southeast Asian region is also considered a new force in the global economy. The Deputy Managing Director of Drewry Marine Services Asia Pte Ltd said that the Southeast Asian region annually...

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...

German Misty Group helps build Indonesia's new capital, boosting investment confidence

On September 25, President Joko presided over the groundbreaking ceremony for Phase 8 in Xindu, attended by Zheng Nanyan, CEO of De Hazel Group, a famous Chinese hotel group. Presiding over the groundbreaking ceremony, Joko said that De Hazel operates nine major hotel brands in several countries around the world, with 1,600...

Indonesia plans to ban fuel cars by 2045

The government plans to increase the use of electric cars at increasingly affordable prices, compared to fuel-burning vehicles (BBMs), which will be limited by the cessation of sales of these conventional cars. The Ministry of Maritime and Investment Coordination (Kemenko Marves) said it is...

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,...

UOB Indonesia Economic Outlook Forum 2025

Indonesia has become one of the world's large economies and the largest in ASEAN, which brings optimism that the dream of "Golden Indonesia 2045" can be realized. In addition, Indonesia successfully conducted democratic elections and secured...

Reasons for Indonesian Customs to open and inspect travelers' luggage

Customs and Excise Department officials have repeatedly inspected the suitcases of travelers arriving from overseas, and several cases have quickly gone viral and are in the public spotlight. The Director of User Communications and Guidance at the Customs and Excise Department explained that the Customs and Excise Department is tasked with enforcing...

Experts ask Indonesian government to reassess Jakarta-Surabaya high-speed rail link

The director of public policy at the Center for Economic and Legal Studies (Celios) believes that the government needs to review its plans to extend the Javan high-speed rail project to Surabaya, East Java. He believes that the Jakarta-Bandung HSR project needs to be rethought, which was planned and constructed from...

Indonesia lifts two-decade-old restrictions on sea sand exports

President Joko has officially lifted restrictions on the export of sea sand, even though such exports have been banned since 20 years ago. The sea sand export policy has been in place since the Minister of Trade issued a revised version of two new regulations as No. 26 of 2023 on the management of marine sediments...
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