Five investors invest in the new capital
The Director General of the New Capital Authority (NCA) signed the NCA Land Use Agreement and Notarized Deed at the Jakarta Ministry of Public Works Auditorium with five investors, including PT Balikpapan Ready Mix Nusantara, PT Berka...
Indonesia simplifies import duties on eight categories of goods
The Indonesian government has simplified import tariffs for specific eight categories of goods, which are currently simplified to 0%, 15% and 25%. The head of the Import Division of the Technical Department of the Customs Directorate General of the Ministry of Finance said that the importation of goods with a value of more than US$3 to US$1,500...
Indonesia Attracts Investment in Textile and Footwear Industry to Create Job Opportunities
Luhut, chairman of the National Economic Council, said that Indonesia has become a target for the transfer of textile and footwear industries over the past year. The textile and footwear industry is very strategic, creating a large number of jobs with a short training period for the labor force, as well as...
Luhut asks government to closely monitor Chinese goods
Indonesia must protect its textile industry from the influx of Chinese exports while continuing to attract investment and create jobs, said Luhut, chairman of the National Economic Council. Despite facing increased layoffs and global challenges, the textile industry...
Chinese brand Transn leads growth in Indonesia's low-end and mid-range cell phone market
Sales of high-end cell phones (priced above $600) in Indonesia declined 9.21 TP3T in 2024 due to the banning of the iPhone 16 series in the country. The average selling price of handsets declined by 0.51 TP3T year-on-year.Apple's failure to meet domestic component requirements for the iPhone 16 to...
Indonesia's sovereign fund eyes twenty strategic projects
Indonesia officially launched the national sovereign wealth fund Danantara, the first phase of $ 20 billion to promote 20 strategic projects, asset management scale of $ 900 billion, the world's fourth largest. The fund focuses on new energy, deep processing of minerals and other areas...
Indonesia Extends Import Safeguard Levy on Ceramic Floor Tiles
The Finance Minister has decided to continue the import safeguard duty (BMTP) on imported ceramic floor tile products for a period of two years. This policy was introduced in view of reports that the domestic industry has suffered severely due to increased imports of ceramic floor tile products...
Indonesia officially launches world's largest sovereign wealth fund
President Prabowo officially launched Indonesia's National Investment Authority (BPI Danantara) in Jakarta in the presence of a host of entrepreneurs, including key figures behind CT Corp, Chairul Tanjung, Sinar Mas Grou...
Tencent Cloud to invest in third data center in Indonesia
Tencent Cloud has announced that it will build its third data center in Indonesia to strengthen its presence in the country. The move is part of its plan to invest around $500 million in infrastructure and resources in Indonesia by 2030. 2024...
China's Changan Automobile officially enters the Indonesian market
Indonesian automotive group Indomobil Group and China's Changan Automobile have officially announced a partnership in which Changan Automobile, through its wholly-owned subsidiary Mobi Technology Ltd, which is engaged in the business of international trade import and export as well as overseas market operations, and Indo...
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