Prices of Hollow Steel Materials of Various Specifications in Indonesia
Hollow steel is an important material in building construction, commonly used for fences, awnings, gates, etc. Its price varies by size and thickness, typically sold in 6-meter lengths. The prices of hollow square steel of different specifications in Indonesia are as follows: 20 x 20 mm: 0.8 mm thickness IDR 49,000/piece, 1 mm thickness IDR 54,000/piece, 1.2 mm thickness IDR 65,000/piece, etc. 20 x 40 mm: 1.2 mm thickness IDR 93,000/piece, 1.4 mm thickness IDR 110,000/piece, 1.6 mm thickness IDR 131,000/piece, etc.
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China-Indonesia Non-Ferrous Metals and Nickel-Cobalt Forum Held in Jakarta
On May 13, 2025, marking important milestones such as the 75th anniversary of China-Indonesia diplomatic relations, the China-Indonesia Non-Ferrous Metals Sustainable Development Forum and the First China-Indonesia Nickel-Cobalt Industry Chain Sustainable Development Forum were held in Jakarta. The forum was organized by the China Nonferrous Metals Industry Association, with active support and coordination from the Indonesia China Chamber of Commerce (INAC) and its Mining and Metallurgy Branch. Over 160 representatives from governments and enterprises of both countries attended. The forum opened with remarks by the Deputy Secretary-General of the China Nonferrous Metals Industry Association, with many distinguished guests present. The meeting featured in-depth discussions on topics such as nickel-cobalt resource development, aiming to promote
Six Major Economic Stimulus Policies to Be Implemented in Indonesia Starting June
In a coordination meeting chaired by the Coordinating Minister for Economic Affairs, the government announced the launch of economic stimulus policies in the second quarter of 2025. This is because major holidays such as Christmas and New Year have passed, weakening their pull on consumption, while school holidays and the 13th-month salary payment present key opportunities to stimulate consumption. The aim is to maintain economic growth in the second quarter at around 5%. The six policies include transportation discounts: 30% off train tickets during the school holiday period from early June to mid-July 2025; 6% PPN DTP reduction on airfare; 50% off ferry tickets. Toll road discounts: Approximately
US-Led Consortium Invests IDR 6 Trillion in Indonesia's New Capital City
The development of Indonesia's new capital city, Nusantara (IKN), continues to attract global investment. A consortium led by US companies has announced plans to develop 20 affordable housing towers in IKN through the government-business cooperation scheme KPBU, with a total investment of IDR 6 trillion. The consortium includes US companies such as PJ-IC International and Bee-Invest, and partners with strategic collaborators from Brunei, Turkey, and Spain. The aim is to provide housing for civil servants, military personnel, and the general public, supporting IKN's vision of an inclusive and livable city. Additionally, a consortium led by South Korea's Samsung C&T and Indonesia's PT Brantas Abipraya is simultaneously advancing the construction of 21 towers with an investment of IDR 6.3 trillion. Together, the two projects comprise 41 towers with a total investment of IDR 12.3 trillion, making them one of the largest KPBU projects in IKN and pushing the total value of similar projects in the region beyond IDR 144.3 trillion. An IKN Authority official noted that the participation of the US consortium reflects global confidence in IKN, while the housing development serves not only public officials but also the general public, embodying IKN's positioning as an 'inclusive, sustainable smart city.'
Chinese and Indonesian Institutions Collaborate to Train New Energy Vehicle Talents
The current automotive market is developing rapidly, with new energy vehicles (such as electric vehicles and hydrogen vehicles) gaining attention. Many automotive companies have established factories in Indonesia. To cultivate graduates who can directly meet future industry demands, Parahyangan Catholic University has partnered with a northern Chinese automotive education institution to improve the quality of human resources in the automotive sector. The university rector stated that innovative development in the automotive industry requires reliable talent. Collaboration with Chinese education institutions can accelerate talent cultivation, addressing current challenges such as expensive and scarce practical equipment and weak cooperation between universities and enterprises, preventing Indonesia from falling behind in key automotive fields.
China and Indonesia Achieve Comprehensive Multi-Sector Cooperation
During Chinese Premier Li Qiang's state visit to Indonesia, multiple cooperation agreements and memoranda of understanding were signed between Indonesia and China. Specific contents include: Antara News Agency signed cooperation agreements with China Media Group and Xinhua News Agency respectively; Indonesia's Ministry of Tourism cooperated with China's Ministry of Culture and Tourism; Indonesia's Quarantine Agency cooperated with China's General Administration of Customs on agricultural product exports; Indonesia's Ministry of Health cooperated with China's National Administration of Traditional Chinese Medicine in traditional medicine, and with China's National Disease Prevention and Control Bureau on tuberculosis prevention. Indonesia's Sovereign Wealth Fund reached an investment cooperation agreement with China Investment Corporation;
Chinese Enterprise Plans to Build International Green Industrial Park
Chinese company GEM Co. Ltd. plans to build an International Green Industrial Park (IGIP) in Morowali, Central Sulawesi, with an estimated investment of USD 8 billion (approximately IDR 129.74 trillion). The initial construction investment is USD 2 billion. The project focuses on battery recycling and zero emissions, aiming to utilize all waste from nickel processing to avoid releasing exhaust gases or carbon into the environment. Previously, GEM invested USD 30 million in building a China-Indonesia joint laboratory at Bandung Institute of Technology (ITB) to cultivate local talent. GEM recovers over 30 rare resources such as cobalt, nickel, and lithium, and processes more than 10% of batteries and electronic waste.
Premier's Visit to Indonesia Launches $10 Billion Investment Projects
The Minister of Investment and Chairman of the Investment Coordinating Board noted that Premier Li Qiang's visit was not merely ceremonial but also brought tangible prospects for cooperation. The $10 billion investment projects previously agreed upon between the two countries have been launched, covering multiple strategic sectors. In addition to ongoing projects, this visit has opened new cooperation opportunities between Indonesia and China in areas such as transportation, industrial cluster development, mineral downstreaming, and chemicals. These new projects are cross-sectoral in nature, involving collaboration among private enterprises, state-owned enterprises, and foreign partners. The Indonesian government emphasized that it will continue to expand economic cooperation with China to strengthen the resilience of its domestic industry and accelerate the downstreaming of natural resources. Regarding foreign policy issues, he stated that Indonesia is primarily focused on deepening a mutually beneficial and win-win bilateral partnership with China.