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Top-Selling Cars in Indonesia in October
October car sales data for Indonesia has been released. The top five brands remain unchanged, but Suzuki and Mitsubishi swapped positions. BYD rose to sixth place, while Fuso and other brands moved down. Total brand sales in October reached 77,191 units, hitting a new high, up...
Indonesian Government Cracks Down on 490 Billion IDR Worth of Illegal Imported Goods in One Week
The Minister of Finance revealed that in cooperation with the Coordinating Minister for Political and Security Affairs, they cracked down on the smuggling of illegal imported goods worth 490 billion Indonesian Rupiah within a week. The operation was carried out through collabo...
iPhone 16 Sales Blocked in Indonesia Due to Failure to Meet Local Content Requirements
The fate of the iPhone 16 series in Indonesia remains uncertain as Apple's TKDN certificate expired without renewal. Indonesia requires that devices sold in the country meet TKDN (Domestic Component Level) requirements, with the current minimum threshold set at 35%. There has ...
Indonesia Extends Anti-Dumping Duties to Mitigate Impact of Chinese Steel Imports
The Indonesian government has protected the steel industry with anti-dumping import duties (BMAD) for over a decade. Recently, the government extended BMAD on H-beams to I-beams made of iron or non-alloy steel for another 5 years, with a duty rate of 11.93%. Previous regulatio...
Two Factors Driving Growth in Indonesia's Automotive Market
In 2024, Indonesia's automotive market faces numerous challenges. Despite a constant influx of new brands, the market has stagnated or even contracted, failing to break the million-unit mark for years. This year, Gaikindo's target is only 850,000 units. Manufacturers like Hyun...
Indonesia battery factory to supply Chinese auto brands
SAIC Motor and CATL join hands with Kentjana Group to build a battery packaging factory in Indonesia. The factory has an annual production capacity of 20,000 battery packs, operated by PT UABS Indonesia, with SAIC-CATL holding 67% and Kentjana Group holding 33%. Initially prod...
Indonesian nickel processing plant becomes key link in global EV battery supply chain
Chinese-invested company CNGR Indonesia produces nickel metal and manufactures electric vehicle battery precursors in Indonesia. Its Public Relations Director stated that leading global automakers such as Tesla and BYD indirectly use Indonesian materials, and the nickel sulfat...
Apple's investment in Indonesia rejected after sales ban, four principles to be discussed
Apple proposed a $100 million (IDR 1.58 trillion) investment to sell the iPhone 16 series in Indonesia, but the Indonesian Minister of Industry rejected it. The government will renegotiate as it does not meet expectations based on technical expert assessments and does not foll...
Nickel Reserve Advantage Powers Indonesia's Strong Rise in EV Battery Ecosystem
State-owned mining holding company MIND ID stated that with its abundant nickel reserves and related mineral resources, Indonesia will occupy an important strategic position in the global electric vehicle ecosystem development over the next five years. It is expected that Indo...
Indonesia's coal and gas prices surge, Middle East tensions fuel the rise
Recently, coal prices have surged to a six-week high, following a similar trend to the sharp rise in natural gas prices. In November, Newcastle coal prices rose to $149.6 per ton, and are expected to reach $151.5 in December; Rotterdam coal prices rose to $123.45 in November, ...
Indonesian Government Plans to Vigorously Develop Palm Oil Downstream Industry
The government continues to promote the industrial downstream program, one of which is the agribusiness sector such as palm oil, as the export value of this commodity reaches hundreds of trillions of Indonesian rupiah. The Director General of Agricultural Industry at the Minis...
Indonesia's Ministry of Energy and Mineral Resources Continues to Strengthen Cooperation and Development with Chinese Enterprises
The Ministry of Energy and Mineral Resources (ESDM) and CNGR, a Chinese company operating in the nickel industry, have agreed to cooperate in the fields of energy and minerals as well as human resource (HR) development. This cooperation was marked by the signing of a Memorandu...