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U.S. media: Growing reputation for 'dirty nickel' threatens Indonesia's electric car dream

"What had been a dream of a booming electric-vehicle manufacturing industry has led to the consumption of more coal resources as a result." The U.S. Wall Street Journal published a report on April 4, saying that Indonesia's policy of banning raw nickel exports means that its homegrown will build...

Shandong Lingong held its first mining site promotion activity in Indonesia, which was highly praised by the industry

Recently, in a coal mining area in Kalimantan, Indonesia, Shandong Lingong elaborately organized its first mine site promotion event in the region. The event attracted more than 120 important guests from coal mine owners, contractors and industry media...

Doudou Technology Logistics: Linking China and Indonesia to create a pioneering force in cross-border supply chain

Against the backdrop of China, a giant in the logistics industry, Doudou Technology Logistics from Guangdong is gradually gaining a foothold in the Indonesian market through its superior technological capabilities. According to a joint research report by Google and Temasek...

TikTok acquires stake in Tokopedia, reshapes Indonesian e-commerce

Feb. 1 (Bloomberg) -- Indonesian tech leader GoTo has announced globally that TikTok has successfully completed the acquisition publicized last December, according to recently disclosed deal developments, with details of TikTok's $840 million contribution to...

Qingdao-made" trains won another order from Indonesia! China's first export of electric commuter trains to Indonesia

From Qingdao Daily News Agency / Guanhai News on February 1, China's high-end equipment manufacturing industry has once again gained the recognition of the international market, successfully expanding overseas markets.January 31 marked another important achievement for China CNR in the Indonesian market...

Chinese firms help Indonesia's auto market transition to new energy sources

Recently, Chinese car company BYD held a new car launch in Indonesia's capital Jakarta, launching three models, marking its official entry into Indonesia's new energy passenger car market. Luhut, Indonesia's Minister of Marine and Investment Integration, said, "The...

Indonesia Promotes Local Currency Settlement to Strengthen Regional Economic Stability

Perry Wajiyo, the governor of Indonesia's central bank, recently announced a new financial strategy that will see the start of local currency settlements for cross-border transactions with India and Saudi Arabia. Wajiyo was speaking at a Jakarta ...

Indonesian firms fret as demand for electric cars slows and nickel prices plunge

According to Yonhap News Agency on Jan. 23, citing Jakarta Globe and Bloomberg and other media reports, nickel prices on the London Metal Exchange stood at $16,007 per metric ton the day before, halving from a year ago and the lowest level since 2021, the world's nickel-producing...

Vinda International stake changes hands: Essity pulls out, Golden Eagle Group takes over

Vinda International's earnings are not doing well, and its major shareholder is no longer willing to continue to wait patiently. At the end of 2023, Vinda International announced that its major shareholder, Sweden's Essity, had begun discussing with several potential buyers out of...

China's investment in Indonesia reaches $7.4 billion, making it the second largest investor in the country

According to Nuru Ikhwan, an official in charge of investment planning at the Indonesian Investment Coordinating Board, Chinese investment in Indonesia in 2023 amounted to $7.4 billion. China continues to be the second largest source of foreign investment in Indonesia. Nuru said that Chinese investment...
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