Indonesian government plans to land foreign investment in the new capital this year
The New Capital IKN Authority aims to land foreign investment in East Kalimantan (Kaltim) New Capital (IKN) this year, with the authority claiming that foreign investor interest in the area is quite high.OIKN's deputy officer for financing and investment said that many foreign investment...
Chinese Electric Vehicle Brands Shine in Indonesia
A number of Chinese electric car makers have showcased high-quality, innovatively designed and competitively priced electric cars at an automotive exhibition in Jakarta. The six-day electric vehicle exhibition PEVS was held on Tuesday (30/4) to public...
BYD invests 16 trillion rupiah to build plant in West Java, Indonesia
BYD, a Chinese car brand specializing in pure electric vehicles (BEVs), announced that it will build a factory in Indonesia, which will be located in Subang, West Java. In order to build this factory, the investment amounted to Rp 16 trillion. The project was finalized...
Site for BYD's Indonesia plant confirmed
BYD Indonesia factory site is set, yes, April 30, BYD Indonesia head Zhao Yue announced that BYD Indonesia factory site in Smartpolitan Industrial Park, covers an area of 108 hectares, with a total investment of 1.3 billion U.S. dollars. Smartpoli...
Indonesia expected to achieve economic growth of 5.2% in Q1
The Coordinating Minister for Economic Affairs is optimistic that Indonesia's economic growth will exceed 51 TP3T in the first quarter of 2024, stating that Indonesia's economic target for 2024 is to grow by 5.21 TP3T. the target for this year so far is 5.21 TP3T, and of course the government hopes to...
Indonesia's VAT rise to 121 TP3T not set for next year for now
The government will discuss its policy plan to raise the value added tax (VAT) by 121 TP3T, and it has not yet been decided whether the policy will be implemented in 2025. On Wednesday (April 23, 2024), the Coordinating Minister for the Economy said that only if the national budget APB...
Indonesia's industry wants next government to boost steel industry
The Central Executive Committee of the Indonesian Young Entrepreneurs Association (BPP HIPMI) has revealed the issues that the government under President Prabowo Subianto 2024-2029 must address. The Constitutional Court (MK) has just decided to reject the a...
Tokopedia Management Fees Officially Increase as of May 1
Effective May 1, 2024, Tokopedia will increase the service or management fees charged to partner merchants.After Tokopedia increases the service or e-commerce management fees for seller partners, SME merchants will need to re-bill...
China plans to import Rp 129.6 trillion durian from Indonesia
China is one of the world's largest importers of durian fruit, said Coordinating Minister for Maritime Affairs and Investment Luhut, adding that China imports durians to the tune of $8 billion a year, or about Rp 129.6 trillion. As China imports a large amount of durian, this is for Indonesia...
Chinese firms invest 143.5 trillion rupiah to build nickel smelter
ValeIndonesia/INCO has disclosed the amount of money the company needs to invest in the construction of three smelters or nickel ore refining and processing facilities, with a total investment of about $8.6 billion to $9 billion, equivalent to 1.435 million...