#Manufacturing
Hyundai Motor Manufacturing continues factory development to support the increasing EV production and export demands
Hyundai Motor Asia Pacific through its subsidiary PT Hyundai Motor Manufacturing Indonesia (HMMI) will continue to build 2 factories in Indonesia to increase production and export to overseas markets.
Indonesia to import 60,000 tons of lithium from Australia and offers involvement in battery production
Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, openly discussed the Indonesian government's plan to import 60,000 tons of lithium from Australia. This move is aimed at supporting Indonesia's ambition to become the "King" of electric vehicles worldwide.
Forty percent mandatory domestic component ratio for incentives is too low, analyst says
The government's requirement of 40 percent mandatory domestic component ratio (Tingkat Komponen Dalam Negeri - TKDN) for electric vehicle manufacturers to receive incentive is considered to be too low.
Indonesia's Industrial Confidence Index reached highest point in June 2023 as manufacturing industry expands and businesses show more optimism
The Ministry of Industry recorded that the Industrial Confidence Index (Indeks Kepercayaan Industri - IKI) had reached a score of 53.94 in June 2023, showing an increase of 3.03 points compared to the previous month's score of 50.90.
Electrum begins construction of electric motorbike factory in West Java with ambitious production targets
PT Energi Kreasi Bersama (Electrum), a joint venture company of PT TBS Energi Utama Tbk (TOBA) and PT GoTo Gojek Tokopedia Tbk (GOTO) has begun construction of an electric motorbike factory in Cikarang, West Java.
Key future export for Indonesia shifted toward manufacturing industry
Experts predict a significant shift in Indonesia's national export map by 2035, as the contribution from resource-based commodities is expected to decline alongside the conclusion of the demographic bonus.
No room for sea sand mining: West Sumatra Government commits to coastal protection
The West Sumatra Provincial Government has reaffirmed its commitment to preserving the protected status of all coastal areas by firmly stating that it will not authorize any licenses for sea sand mining within the region.
Celios research reveals: Indonesia’s disadvantage in nickel downstreaming
According to Director of the China-Indonesia Center of Economic and Law Studies (Celios) Zulfikar Rahmat, the economic benefits of nickel downstreaming policies are considered to be outweighed by the potential losses for Indonesia. This is primarily attributed to the decline in customs and tax revenues resulting from various relaxations.
The Ministry of Industry takes proactive steps to counter industrial slowdown
The Ministry of Industry (Kemenperin), has taken proactive measures to address the slowdown of the industrial sector. This slowdown is reflected in the Purchasing Managers' Index (PMI) for May 2023, which recorded a decrease from the previous month's figure of 52.7 to 50.3.
Indonesian electric vehicle market value predicted to reach IDR 30 trillion
The Indonesian electric vehicle market is projected to reach a total valuation of US$2.02 billion, or equals to IDR 30 trillion, based on a report published by Maximize Market Research.
EUDR and SVLK: Overlapping regulations strain Indonesian furniture exports
The implementation of the European Union Deforestation Regulation (EUDR) and the Timber Legality Verification System (SVLK) is causing double cost burdens, potentially eroding the competitiveness of Indonesian furniture products.
Indonesian government works on EV regulations and boosts charging infrastructure
The Ministry of Energy and Mineral Resources is currently revising the regulations on electric vehicles to facilitate the establishment of charging stations and reduce charging costs.