Indonesian government controls foreign exchange, what is the impact?
On February 17th, Indonesian President Prabowo issued Presidential Decree No. 8 of 2025 announcing the Foreign Exchange Control Policy for Natural Resource Exports (DHE SDA). From March 1, 2025, exporters in the mining, plantation, forestry and fishery sectors are required to transfer 1...
A new aluminum smelter in West Kalimantan
Kayong Utara (Suara Kalbar) - Penebang Island, which is part of Pelapis village in Karimata Islands district, Kayong Utara regency, is included in the National Strategic Plan (PSN) as a smelter will be constructed there that will...
Exporters to deposit full amount of foreign exchange with Bank Indonesia from next month
President Prabowo has announced strategic policies to strengthen the country's economic resilience by making it mandatory to store foreign exchange earnings from natural resource exports (DHE SDA) in the country. Mining (except oil and gas), plantations, forestry and fisheries...
Indonesia plans to develop nuclear energy in a big way
Indonesia will build nuclear power plants with a total capacity of up to 4.3 gigawatts (GW), the president's special envoy for climate and energy affairs said, as part of the government's energy transition strategy.The plants to be built will be Small Modular Reactor (SMR) floating power plants...
Indonesia's Ambassador Zhou Hao Li visited Shaanqi to promote cooperation on new energy and intelligent commercial vehicles.
Ambassador of Indonesia to China Mr. Zhou Hao Li Visited Shaanxi Automobile - Promoting Cooperation on New Energy and Intelligent Commercial Vehicles Duta Besar Indonesia untuk Tiongkok, Djauhari Oratmangun, Mengunjungi Shaanxi Automobi...
Multi-agency Indonesian government conducts joint warehouse checks ahead of Ramadan
Seven Indonesian departments have reportedly been conducting joint warehouse checks in Jakarta, Tanggelang and surrounding areas since February 11, which is expected to last two weeks. The operation involves multiple areas with high compliance requirements and strong penalties, and some sellers believe the intensity exceeds that of last year's 7...
Indonesia's quartz sand sector has great potential for development
The Ministry of Investment and the Ministry of Downstreaming/Investment Coordination Committee have encouraged local entrepreneurs to continue to grow and develop to become major players in the country, including in the quartz sand commodity management industry. The Deputy Minister and Vice Chairman of the Ministry of Investment said they hosted...
China and India renew 400 billion yuan bilateral local currency swap agreement
The People's Bank of China (PBOC) and the Central Bank of Indonesia (CBI) have recently renewed their bilateral local currency swap agreement, with a swap size of 400 billion yuan / 878 trillion rupiah, valid for five years, and can be extended by mutual consent. The People's Bank of China said that the two sides...
Nezha Motors Launches New Model in Indonesian Market
Electric car distributor PT NETA Auto Indonesia has launched the mid-sized SUV NETA X in Central Jakarta. which is available in two models, 500 Elite and 500 Supreme, priced at Rp 428 million and Rp 448 million, respectively, and has been offered to the first 500 people who pre-ordered the consumer...
Eyen plans to have more than 50 dealers in Indonesia this year
Chinese automaker Eon, though a new brand, is aggressively exploring the Indonesian market. The CEO of Eon Indonesia said that by 2025 it aims to have more than 50 dealerships in Indonesia, of which it currently has more than 40. Its dealerships are already located in Sumen...
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