Zoomlion Tower Cranes Support the Construction of Jakarta Oasis Twin Towers
Seven large tower cranes from Zoomlion are assisting in the construction of the Jakarta Oasis Twin Towers. Upon completion, Tower T1, standing 331 meters high, will become the tallest main structure in Indonesia. The cranes involved in the upper main structure lifting work include the first flat-top luffing jib tower crane and six luffing jib tower cranes. This model is an innovative product launched by Zoomlion based on global market demand. It is the first exported unit to be equipped with a round tenon standard section and has been sold to Indonesia and other countries. It uses advanced hydraulic cylinder luffing technology with two working modes—flat-top and luffing—which can be switched in 2 minutes. The luffing mode has a maximum working angle of 87°, adapting to confined spaces.
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Indonesia's Trade Balance Surplus Hits 60-Month Low
The Minister of Trade recently revealed that Indonesia's merchandise trade balance surplus has shrunk significantly, reaching its lowest level in 60 months. On one hand, declining exports are the main cause, due to the impact of U.S. tariff policies and the Ramadan holiday factor. The effects of Trump's tariff policies were also discussed at the ASEAN Economic Ministers' Meeting. These policies have not only reduced Indonesia's exports to the U.S. but also affected exports to other countries, with many exporters taking a wait-and-see approach. On the other hand, imports have surged, especially from China. However, he stated that there is no indication that this is due to Trump's policies causing China to re-export to Indonesia. China remains Indonesia's largest trading partner, and Indonesia's
Indonesia's Benzoin Exports Continue to Increase
In 2024, Indonesia's benzoin export value exceeded $52 million, equivalent to approximately 847.6 billion rupiah, with an export volume of 43,000 tons. Benzoin is a resin extracted from the styrax tree, widely demanded in industries such as perfume, aromatherapy, food, and pharmaceuticals. About 30% of residents in North Tapanuli and Humbang Hasundutan depend on this commodity for their livelihoods. Although benzoin exports have entered Asian and European markets, farmers sell at prices that are too low. The Chairman of the National Economic Committee, Luhut, stated that plans are underway to deepen the community-based benzoin industry chain. He believes that simple technologies (such as steam distillation) can promote industry chain deepening without the need to build large factories. Currently, some enterprises have shown interest in this industry, and the government will also introduce supportive policies. Additionally, the government is mapping benzoin plantation land and trees digitally to ensure industrial development is based on data and actual demand.
Chinese Investors Plan to Build Cross-Sea Cable Car in Indonesia
Bandar Lampung City plans to develop a futuristic tourism project, a cross-sea cable car, in collaboration with local government and Chinese investors, with an investment amount of up to 2.5 trillion rupiah. The project adopts a 50:50 cooperation model, where the city government and investors will equally share capital investment and operational profits. The total cable car line length is approximately 3.5-4 kilometers, including 1 kilometer from the mayor's office building to the coast and about 2.5 kilometers from the coast to an unnamed island. The local mayor stated that the project has entered the negotiation stage with investors, and it is expected that in July 2025, the city government team will travel to China for a technical exhibition.
Chinese Flavor Company Invests in Building Factory in Indonesia
Chinese food flavor manufacturer Huabao Flavours & Fragrances Co., Ltd. recently held a groundbreaking ceremony for a food seasoning factory in the Jababeka Industrial Estate in Bekasi, West Java, which will serve as its base for the Southeast Asian market. Huabao aims to strengthen localization of product development, customer service, and operational coordination through this project, driving high-quality growth in the Southeast Asian region. The new factory will integrate production, R&D, and office functions, targeting markets including Indonesia, Vietnam, Malaysia, and Thailand. Founded in 1996, Huabao produces a variety of food seasonings, beverage flavors, and fragrance products. Its Indonesian subsidiary, Huabao Food Technology, was established in 2021. The Indonesian Food and Beverage Manufacturers Association and the Indonesian Fragrance Association attended the groundbreaking ceremony, expressing appreciation for Huabao's investment in Indonesia, believing it will support the development of the local industry. Representatives from the Bekasi district government stated that the establishment of the new factory will help reduce local unemployment, and the local government also pledged to help the company find suitable labor.
Chinese Auto Parts Companies Enter Indonesian Market
PT Multi Medika Internasional Tbk (MMIX) recorded a 9.6% increase in sales in 2024 compared to the previous year, reaching IDR 191.99 billion. Its products MIUBaby and Miutiss have been well-received in the market due to innovation, achieving innovative results in the personal care sector, such as Indonesia's thinnest baby diapers and the first chlorine-free bamboo tissue, which has enhanced its product competitiveness in the domestic market. MMIX will build a baby diaper factory in Indonesia to improve supply chain efficiency and expand production scale. This plan
Chinese Auto Parts Companies Enter Indonesian Market
Chinese automotive chassis parts manufacturer GSP Automotive Group Wenzhou Co. Ltd. has partnered with PT Sanjusan Hazan Motor from Sumber Berkat Group to enter the Indonesian automotive market, while also celebrating GSP's 40th anniversary. On the occasion of GSP's 40th anniversary, this collaboration marks its business expansion, reflecting a commitment to global growth and product excellence. The company has launched two products: Drive Shaft and CV Joint (
Indonesia Plans to Provide Electricity to Unelectrified Households
The Minister of Energy and Mineral Resources stated that currently about 780,000 households in Indonesia are without electricity, distributed across 10,068 remote villages. The government plans to gradually electrify these households from 2025 to 2029 through the "Village Electricity" program run by Indonesia's state electricity company (PLN). To achieve this goal, the government will build a power plant with a capacity of 394 megawatts, which can provide power connections for approximately 780,000 households. Implementing this plan is expected to require an investment budget of about IDR 50 trillion over the next five years. He stated that electricity supply is not only a matter of demand but also a key step towards achieving regional fairness and justi