iPhone 16 sales in Indonesia hampered by substandard localization rate
The fate of iPhone 16 series sales in Indonesia is uncertain, as Apple's TKDN certificate has expired and not been renewed. Indonesia requires a TKDN to be met for the sale of the device, with a current minimum of 35%, with discussions of raising it to 40% but no new regulations. Samsung, Xiaomi, Oppo...
Complete list of twenty special economic zones throughout Indonesia
At the end of his term in October 2024, President Joko designated two Special Economic Zones KEK, which are areas with certain boundaries to perform economic functions and to acquire certain facilities. With the enactment of the 2009 law on SEZs, the KE...
Indonesia International Coal and Energy Industry Expo to be held at Jakarta International Convention and Exhibition Center in May 2025
On December 6, 2024, the press conference of 2025 Indonesia International Coal and Energy Industry Expo and Indonesia International Coal Clean Utilization and Green Mining Conference was held at Modern Country Golf Club, Jakarta, Indonesia. Indonesia Energy and ...
Indonesia extends anti-dumping duty to cope with China's steel import onslaught
The Indonesian government in the past more than a decade to protect the steel industry with anti-dumping import duties (BMAD), the government recently extended the BMAD for iron or non-alloy steel H-beam to I-beam products for five years, the tax rate of 11.93%. Previously, the relevant provisions of the many times adjusted, the limit...
Indonesia's core tax system to begin next year
Indonesia's core tax management system will be officially operational by January 2025. According to the Director General of Taxation of the Ministry of Finance, the implementation of the system is expected to raise the tax rate from about 10% to 12% in the next five years, which is expected to drive better economic growth. The current tax ...
Indonesian government seizes 9.8 billion rupiah in illegal imports of Chinese ceramic goods
Indonesian police, in a joint operation with the Ministry of Trade, have confiscated a shipment of illegal ceramics and tableware worth Rp 9.8 billion. The goods from China were seized at Tanjung Perak port and Surabaya warehouses due to the lack of complete import documents, such as commercial identification number...
Two Factors Achieving Growth in Indonesia's Automotive Market
The Indonesian automotive market in 2024 is challenging. Despite the influx of new brands, the market has stagnated or even shrunk, failing to break the one million unit mark for years, with Gaikindo targeting just 850,000 units this year. Manufacturers such as Hyundai are under pressure to PT...
Indonesia's industry ministry accuses trade ministry regulations of hurting manufacturing industry
The Ministry of Industry has again blamed trade regulation regulations for hitting Indonesia's manufacturing sector, which has contracted for four consecutive months in October 2024 as Indonesia's manufacturing PMI contracted to 49.2. The industry ministry questioned the regulation's claim to protect domestic industry as it removes...
Indonesian battery plant to supply Chinese car brands
SAIC CATL joins hands with Kentjana Group to build a battery packaging plant in Indonesia. The factory, with an annual capacity of 20,000 battery packs, will be operated by PT UABS Indonesia, with SAIC-Ningde Times holding 67% and Kentjana Group 33%. Initially ...
Ningde Times invests $1.2 billion to build factory in Indonesia
Chinese battery maker Ningde Times New Energy Technology Co Ltd (CATL) is investing $1.2 billion (about Rp 18.66 trillion) in Indonesia.CATL, through its subsidiary CBL International Development, has entered into an agreement with PT Indonesia ...
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