Japanese brands still dominate Indonesia's car market
Car sales in Indonesia showed a positive trend in February 2025, with wholesale sales reaching 72,295 units, up 16.71 TP3T YoY and 2.21 TP3T YoY. retail sales increased 9.11 TP3T to 69,872 units from 64,029 units in January, but were still down 0...
Indonesia's largest gold plant with 50 tons of annual capacity
Indonesia has a processing plant with a capacity of up to 50 tons of gold per year, the Precious Metals Refinery (PMR) owned by Freeport Indonesia (PTFI) in the Gresik Special Economic Zone in East Java, which was opened on March 17, 2025 by President Prabowo for the...
Indonesia officially joins BRICS New Development Bank
President Prabowo officially announced Indonesia's membership in the New Development Bank (NDB), a decision he made during a meeting with NDB President Dilma Wana Rousseff in Jakarta recently, marking a significant step in strengthening Indonesia's ties with developing...
Indonesia revises tax regulations for a wide range of minerals
The Indonesian government has revised regulations related to royalty tax in the mineral and coal sectors in order to increase revenue from the state's mining sector and to tap the revenue potential from other mineral derivatives. The current tax rate on coal is applied based on the benchmark coal price (HBA)...
Indonesian government allocates 20 trillion to support labor-intensive industries
The government led by President Prabowo plans to allocate 20 trillion rupiah in 2025 to rescue and strengthen labor-intensive industries, with the funds being disbursed through the Labor-Intensive Investment Credit Program, focusing on textiles, garments, footwear, furniture, leather,...
Indonesia and LG Strengthen Cooperation on Clean Energy and Electric Vehicles
The Coordinating Minister for Economy received a visit from the Executive Vice President of LG Chem Advanced Materials and his delegation at the office of the Coordinating Minister for Economy, where they discussed the opportunities and challenges in the field of electric vehicles, as well as LG Chem's cooperation and investment in Indonesia...
Geely's rapid growth in the Indonesian market
Geely is actively expanding its business in Indonesia, with three dealerships in Jakarta and Tangerang, and will add outlets in Bogor, Batam and Bandung in the near future, with a mid-year target of 20 dealerships in major cities, and a plan for the end of 2025...
China-India cooperation promotes dual-park project between the two countries
The KEK Industropolis Batang Special Economic Zone (KEK Industropolis Batang) in Central Java province has partnered with China State Construction Group Corporation (CSCEC) to develop an industrial park through the Twin Country Twin Park (TCTP) project. In the Batang Industropolis Economic...
Indonesia's Industry Minister Wants Car Companies to Cut Prices to Boost National Purchasing Power
The Minister of Industry suggested that automakers lower the selling price of their vehicles to increase consumers' purchasing power, and Chinese automaker BAIC said it does not make much profit from selling cars in Indonesia because, in addition to the cost of production, it also has to pay taxes and fees at the initial stage of importation, so...
Indonesia's version of the Shenzhen Plan launched with a 16 trillion dollar capital injection to start 27 enterprises to move in
Heavy news! On March 20, 2025, Indonesian President Prabowo personally visited the Batang Industrial Zone in the Central Java Industrial Belt, crowning this rising industrial star as a 'national special economic zone', and even benchmarking it against the 'Indonesian version of Shenzhen', vowing...
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