#Manufacturing
Depreciating Rupiah strains Indonesia's food and beverage industry
Chairman of the Indonesian Food and Beverage Entrepreneurs Association (GAPMMI), Adhi S. Lukman, has expressed concern over the significant impact of rupiah's depreciation on the food and beverage industry, which relies heavily on imported raw materials such as milk, sugar, soybeans, and wheat.
APVI optimistic about achieving e-Cigarette tax on the target
The Indonesian Personal Vaporizer Association (APVI) is confident that the government's Rp2 trillion (US$123 million) e-cigarette tax target will be met this year.
A major Chinese nickel processing company expands investment in Indonesia
CNGR, a major Chinese company in the nickel processing industry and a key supplier of battery components for US electric car producer Tesla, is aggressively increasing its investments in Indonesia.
Chandra Asri Group joins MSCI Global Standard Index for emerging markets
A quarterly publication of the Morgan Stanley Capital International (MSCI) issued in London on May 14, 2024, has included PT Chandra Asri Pacific (Chandra Asri Group) in its Global Standard Indexes for Emerging Markets. The inclusion of Chandra Asri Group will be implemented as of the market close of May 31, 2024.
Alva aims for Southeast Asian market with local electric motorcycles
Alva, a prominent Indonesian electric motorcycle manufacturer, has achieved significant milestones with its models meeting the 40 percent Domestic Component Level (TKDN) requirements. Locally assembled and eligible for government subsidies, Alva's electric motorcycles have garnered positive consumer responses.
Yadea to set up US$150 million electric motorcycle factory in Karawang
Chinese electric motorcycle manufacturer Yadea has commenced the construction of a new factory in the Suryacipta Industrial Area, Karawang, West Java. The sprawling 27-hectare facility is slated to produce 3 million electric motorcycles annually.
Bahlil affirms Indonesia's commitment to encourage downstreaming
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia told the Indonesia-Australia Business Summit (IABS) 2024 in Melbourne on Monday, May 13, 2024, of Indonesia's commitment to encourage downstreaming and transition to sustainable development.
Chubbsafe: sending high-quality safes from Cikarang to Europe and China
PT Chubbsafes Indonesia, a safe manufacturer from Sweden with production facilities in Cikarang, Indonesia, has exported 70 percent of its local production to various parts of the world, including China, India, Europe, and the Middle East.
Chinese investor to build electric motorcycle factory in Central Java
A Chinese investor is set to realize the construction of an electric motorcyle factory in the Kendal Special Economic Zone (SEZ) in Central Java.
BYD to establish EV manufacturing hub in Subang Smartpolitan
BYD Company Ltd., a leading Chinese electric vehicle (EV) manufacturer, has announced plans to establish a state-of-the-art manufacturing hub in Subang Smartpolitan, Indonesia. The new facility, covering an area of over 108 hectares, will serve as BYD's strategic base for producing electric vehicles and batteries to meet the growing demand in Southeast Asia.
President Jokowi sets up task force for sugar, bioethanol self-sufficiency acceleration
President Joko “Jokowi” Widodo has appointed Investment Minister Bahlil Lahadalia as Chairman of the Task Force for accelerating self-sufficiency in sugar and bioethanol in Merauke regency, South Papua. This assignment is stipulated in Presidential Decree No. 15/2024 issued by Jokowi on April 19, 2024.
Escalating Iran-Israel conflict spurs continued affordable gas program
Amidst the escalating tensions between Iran and Israel following Israel's strikes on Iran, domestic industry players are apprehensive about the repercussions on the Middle East conflict. This situation has prompted the government to advocate policies supporting manufacturing productivity.