Indonesia plans to implement the world's lowest tax regime
The Indonesian government plans to immediately implement the Global Minimum Tax System GMT, a concept developed by the Organization for Economic Cooperation and Development (OECD), with a minimum effective tax rate of 15%.The Deputy Minister of Finance said the implementation of the Global Minimum Tax Rate in Indonesia could make...
Nordic Ways joins hands with IBC Indonesia to build battery industry chain
On September 30th Golden Globe's largest lithium battery, electrolytic copper foil producer Nordic Corporation signed a memorandum of cooperation with Indonesian battery group IBC. The scope of cooperation of the memorandum includes market research on lithium electronic batteries and PCB copper foil, explore the formation of copper foil...
Indonesia focuses on downstream agriculture to dominate ASEAN
Plummeting commodity prices and China's economic weakness will be a challenge for the new government to boost exports, however Indonesia also has significant export potential in the downstream agricultural sector.2022 Commodity prices spiked after the outbreak of the Russo-Ukrainian war in February 2022...
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...
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