#Industry
Massive layoffs rampant in electronics industry amid import surge, weak demand
The Electronic Entrepreneurs Association (Gabel) has revealed that the electronics industry ecosystem has been laying off workers since the beginning of this year as a result of efficiency driven by the shrinking domestic market and the high volume of imported electronics from China.
Government asked to abolish AGIT policy, citing investment risks
The national ceramics and glass industry has asked the government to abolish the Specific Industrial Gas Allocation (AGIT) policy, which is considered to be hampering investment and the smooth supply of gas.
Free lunch program benefits Chinese manufacturing industry: Businessman
The Indonesian government's free nutritious meal program is reportedly benefiting the Chinese manufacturing industry as most of the dining utensils are imported from China, according to a local business source.
Macmahon appointed as underground mining contractor for Poboya Gold Project
Mining company PT Bumi Resources Minerals (BRMS), through its subsidiary PT Citra Palu Minerals (CPM), has appointed Macmahon Indonesia as the underground mining contractor for its Poboya Gold Project in Palu, Central Sulawesi.
KLH to announce expert findings on Lido KEK environmental damage next week
The Ministry of Environment (KLH) said that they would announce results of experts’ examination on the Lido Special Economic Zone (KEK) development issue within the next week.
MIND ID says downstreaming a solution to reduce raw material imports
Indonesia’s state-owned mining holding company, MIND ID, is confient that downstreaming is an answer to the country’s reliance on imported industrial raw materials.
Malaysia’s Thong Guan Industries confirms US$7 million investment in KIT Batang
Malaysian plastic packaging manufacturers, Thong Guan Industries Bhd., has confirmed its US$ 7 million (Rp115 billion) commitment to invest in the Batang Integrated Industrial Estate (KIT Batang) in Central Java, Indonesia.
Eramet keen in investing in Indonesia’s EV battery ecosystem, downstream processing
French multinational mining and metallurgy company, Eramet, has interest in supporting Indonesia’s Electric Vehicle (EV) battery ecosystem development and downstreaming processing.
Pros and cons, restraint mounted on birth of Danantara
Pros and cons, as well as restraint have mounted over the commitment of Indonesia’s newly established Daya Anagata Nusantara (Danantara) Investment Management Agency on transparency, financial sustainability, and freedom of political influence.
Agus Gumiwang Kartasasmita follows in his father’s steps
Agus Gumiwang Kartasasmita gets political traits from his father. He followed his father's footsteps and he joined the Golkar Party. His popularity soared while being a member of the party and held important posts in the government. He made some achievements during his time. Kartasasmita is known to be a loyal person, hardworking, serious and wholeheartedly and some see him as a perfectionist.
Indonesia and EGA strengthen aluminum production partnership
Coordinating Minister for the Economy Airlangga Hartarto recently met with Abdulnasser Ibrahim Saif Bin Kalban, CEO of Emirate Global Aluminium (EGA), discussing the continuation of cooperation in developing aluminium production through the development of a smelter that processes bauxite in Indonesia.
ESDM sets B35 biodiesel quota at 13.41 million for 2024
The Ministry of Energy and Mineral Resources (ESDM) has set the quota for the distribution of B35 biodiesel, a blend of Solar with 35 percent palm oil-based biofuels (BBN), at 13.41 million kiloliters (KL) for 2024.