#Manufacturing
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.
Six companies launch operations in Batam, investing US$800 million, and creating 13,000 jobs
Coordinating Minister for Economic Affairs Airlangga Hartarto officially inaugurated the operations of six renewable energy companies in the Wiraraja Industrial Zone in Batam, on Monday (5/6).
Hyundai begins building EV battery assembly plant in Cikarang Bekasi
PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). The plant is scheduled to start operations in March 2024.
Blue Bird considers China’s BYD over Tesla as EV supplier
PT Blue Bird Tbk plans to procure the majority of its future electric vehicle (EV) fleet from China’s BYD, the world’s second-largest manufacturer of EVs, after US-based Tesla. This decision was made after Blue Bird conducted negotiations with BYD and Tesla.
New investment in domestic EV battery production to boost Indonesia's economy
Investment totaling IDR 134.7 trillion will be directed towards the production of electric vehicle (EV) batteries within the country, according to Minister of Investment Bahlil Lahadalia.
Volkswagen to conduct feasibility study for US$5 billion plant in Indonesia
German car manufacturer Volkswagen (VW) intends to conduct a feasibility study in the coming months for the establishment of an US$5 billion-electric vehicle (EV) battery plant in Indonesia, a senior government official said.