#Manufacturing
Jokowi reopens sea sand exports after a 20-year ban, drawing criticism from environmentalists
Indonesian President Joko “Jokowi” Widodo issued Government Regulation (PP) No. 26 of 2023 concerning the Management of Sedimentation Products in the Ocean (PP 26/2023).
China’s FAW Trucks expands to South Sumatra
The Chinese mining industry vehicle manufacturer in Indonesia, First Automobile Works (FAW) Trucks, has set its sights on expanding into the province of South Sumatra.
EV subsidy receives criticism from House of Representatives
The government's subsidy program for electric vehicles (EV) has faced criticism from multiple parties in the House of Representatives (DPR).
South Korean cigar company to build factory in Pasuruan Industrial Estate
The largest industrial area in East Java, Pasuruan Industrial Estate Rembang (PIER), welcomes South Korean investors through PT Cell Corp Indonesia, a company specializing in the cigarette industry.
Ilegal textile imports in Indonesia estimated at US$ 2.94 billion prompting government action
Redma Wirawasta, Chairman of the Indonesian Association of Fiber and Filament Yarn Producers, estimates that the value of illegal textile imports in 2022 reached US$ 2.94 billion (IDR 43 trillion). Redma made this discovery by comparing trade records of Indonesian-Chinese textiles at the International Trade Center (ITC).
Indonesia’s export market suffers as China’s demand slumps
Indonesian exports witnessed a significant drop last month, but a substantial decline in imports allowed the country ro maintain a trade plus, reflecting the adverse impact of a weakened global economy on trade flows.
Technicoflor Indonesia builds environmentally friendly perfume factory, strengthen its presence in Southest Asia
French perfume production company, Technicoflor, announces establishment of cutting-edge perfume factory in Indonesia, strengthening its expansion in the South East Asia market. The company currently operates in multiple countries, including France, China, the United Arab Emirates (UAE), and Indonesia.
Government to introduces CPO commodity exchange for exporters
The Commodity Futures Trading Supervisory Agency (Bappebti) of the Trade Ministry will launch the Crude Palm Oil (CPO) commodity exchange in June.
Saudi giant company seeks Indonesian partnership to build tire factory
The largest tire company in Saudi Arabia Kingdom Tyres invites Indonesian companies to build a tire factory in the industrial city of Yanbu, Saudi Arabia.
Indonesian banking sector boosts green financing and EV credits
The Indonesian banking sector is becoming more proactive in promoting green financing as part of achieving sustainable development. One of their efforts involves endorsing the disbursement of loans specifically for electric vehicles (EV).
US EXIM Bank approves US$99.7 million loan for Balikpapan refinery project
US EXIM Bank has finally granted loan disbursement worth US$99.7 million for the Refinery Development Master Plan (RDMP) operated by Pertamina subsidiary PT Kilang Pertamina Balikpapan.
Paneltech US Corp to establish waste-to-building materials factories in Indonesia
A California-based company Paneltech US Corp aims to invest in managing waste into environmentally friendly building materials in Indonesia. With a focus on green technology, the company intends to build factories in Yogyakarta and Bali - as pilot projects.