#Corporate
China controls Indonesia's nickel industry
China has dominated Indonesia's nickel industry, according to a lawmaker and an observer. A member of the House of Representatives' Commission VII overseeing energy and mineral resources and industry, Zulfikar Hamonangan, probed Minister of Energy and Mineral Resource Arifin Tasrif in a hearing that 90% of nickel mines in Indonesia was under China's control.
10 largest oil palm plantations in Indonesia
Indonesia is the world’s largest producer of palm oil, producing around 46.2 million metric tons in 2021 alone. Being the largest producer, consequently Indonesia has the largest oil palm plantations, especially in Sumatra and Kalimantan islands.
German businesses see diversification is key, not decoupling from China
German businesses attending the 17th Asia-Pacific Conference of German Business (APK) in Singapore on November 13-14, 2022, have seen that decoupling from China is not the right way to deal with the country’s dependency to one particular country.
PT PAL to buy Scorpene submarines from Naval
State-owned shipbuilder PT PAL Indonesia and French defense company Naval Group are under negotiation on several issues in the purchasing of Scorpene submarines. A source from Naval told Indonesia Business Post that the discussion was focusing on the number of Scorpene submarine that will be purchased and the price of a submarine unit.
Defense industry develops well as showcased in Indo Defense Expo & Forum
The domestic defense industry has continued to develop as the government provides ample space for the private sector to help build Indonesia's defense industry, President Joko "Jokowi" Widodo said.
China's coal-fired power plants should be terminated over public concerns
The government should terminate all captive coal-fired power plant projects funded by the Chinese Belt and Road Initiative (BRI) since the projects have yet to comply with China's commitment to cease the development of coal-fired power plants at home and overseas since September 2021. Ironically, several nickel-based industrial parks are powered by coal to produce nickel-based batteries for electric vehicles (EVs).
Michelin allegedly involves in deforestation, intimidation against Jambi local community
French tire company Michelin's local subsidiary, PT Lestari Asri Jaya (LAJ), has been allegedly involved in deforestation and intimidation against local farmers although the company had secured green bonds.
Counting the days for minerals ore export total ban
The government has planned to issue a roadmap and a regulation to fully ban the export of several minerals ores like coppers, tins and bauxite next month. Minister of Investment/Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia said the government was discussing the regulation on the downstream industry system and the economic tree of the downstream industry of minerals.
Presidential candidates in bed with 'Nine Dragons'
Indonesia's wealthy conglomerates, popularly known as the "Nine Dragons", are taking a wait-and-see measure while analyzing the situation before making a decision which presidential candidate they will support in the 2024 general elections.
Antam explores cooperation with EV battery global players
State-owned mining company PT Aneka Tambang (Antam) Tbk continues to explore cooperation with global players in the electric vehicles (EV) industry. The company has taken this measure to utilize the huge potential of EV industry's growth in the future.
Understanding political influence in media industry in Indonesia
There are a few Indonesian politicians own media group while several elected lawmakers come from major media groups. The political stance of media in Indonesia comes into question whenever general elections are approaching. Will they be impartial, biased or lean towards supporting certain political parties or figures? Another interesting question is how the media in Indonesia can create public opinion on important issues?
Domestic cosmetic industry survives, even increases, during COVID-19 pandemic
In nearly the past three years, businesses have juggled to survive amid the ongoing COVID-19 pandemic. When the pandemic hit the world hard, including in Indonesia, governments imposed lockdown, restricted people's movement and consequently limited operational hours of shopping centers.