Latest Fuel Prices at Indonesia's Four Major Gas Stations
All companies providing fuel such as PT Pertamina (Persero), Shell Indonesia, BP-AKR and PT Vivo Energy Indonesia, have jointly increased the price of fuel products at all gas stations in Indonesia. The price adjustment is effective from 202...
Indonesia's nickel industry policy adjusted, smelters will no longer receive preferential treatment
The government is launching a review of the incentives given to companies with nickel processing and refining facilities. At a time when nickel smelters are increasing in number, the Deputy Minister of Energy and Mineral Resources said nickel smelting companies such as nickel pig iron and nickel iron are no longer considered to be part of the advanced industry...
Chinese car brands on the rise in Indonesian market
After the entry of Wuling in 2017, more and more Chinese brands are coming to Indonesia. According to sales data from the Indonesian Automotive Industry Association, there are at least 11 Chinese brands sold in Indonesia. In addition to Wuling, there are BYD, Chery, Dongfeng Xiaokang, Sai...
Top Chinese Car Brands in Indonesia
According to the Indonesian Automotive Industry Association (Gaikindo), the country's wholesale car sales amounted to 865,723 units, a decline of 13.9%, or 140,079 units, from the previous year . Twelve Chinese brands, including Wuling and BYD, are currently competing for the Indonesian market.2017...
Prabowo to crack down on illegal smuggling to preserve state revenues
President Prabowo said he is still receiving reports of numerous cases of violations that have caused losses to the country, such as illegal mining, manipulation of financial reports, and tax arrears. He has seen a lot of wealth being smuggled and such acts are both illegal and unfair and the perpetrators...
Indonesian nickel resource companies continue to improve their performance
PT Trimegah Bangun Persada Tbk (NCKL), or Harita Nickel, reported bright Q3 2024 financial results, with revenues of Rp20.3 trillion in the first nine months, up 18.02% year-on-year, with nickel processing and mining divisions contributing heavily. China's Lyge...
Retirement age raised to 59 in Indonesia
The Indonesian government started to raise the retirement age of Indonesian laborers to 59 years old this year, and according to government regulations, the retirement age will be raised by one year every three years until it eventually reaches 65 years old, starting from 57 years old in 2019. Those who have reached the retirement age and have contributed...
Scope and Calculation of VAT in Indonesia 12%
Here's how the price of a luxury home is calculated after the VAT hike:PPnBM rates vary, with the lowest set at 101 TP3T and the highest set at 2001 TP3T.PPnBMs that fall into the 201 TP3T rate group are luxury homes, such as those priced at 20 billion rupiah or more that are not...
BYD M6 Becomes Best-Selling Electric Vehicle at Jakarta Car Week
During the 10 days of GJAW 2024, BYD received 1,400 orders for electric vehicles, and the M6, Indonesia's first electric MPV, became the main sales force and won the "Most Popular BEV MPEV Vehicle" award. BYD's booth attracted more than 13,000 visitors, ...
China welcomes Indonesia as full BRICS member
The spokesman for the Ministry of Foreign Affairs said that China welcomes and warmly congratulates Indonesia on becoming a full member of BRICS. As a large developing country and an important force in the "Global South", Indonesia highly recognizes the spirit of BRICS and actively participates in BRICS+ cooperation. Indonesia officially...
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