Indonesia

Indonesia, China to Cut Nickel Output as EV Metal Loses Sheen

China and Indonesia account for 70% of global supplies of nickel, but producers in the countries have become unprofitable after…

2 months ago

Indonesia’s China-Backed ‘Whoosh’ Bullet Train Link Opens

The $7.3bn flagship project of President Joko Widodo has been delayed by the pandemic and soaring costs

7 months ago

TikTok ‘Concerned’ at Indonesia Social Media E-Commerce Ban

Jakarta said the ban, which is effective immediately, is intended to protect its offline merchants and marketplaces

7 months ago

Indonesia’s Mining, EV Battery Plans Get $9 Billion Boost

The investment, from a British consortium that includes mining giant Glencore, will go into a wind energy-powered industrial park on…

11 months ago

Indonesia Looks to Boost its EV industry With New Incentives

"We are finalising negotiations with two big global car producers. We hope this new policy will make our position much…

1 year ago

Indonesia Eyes $320-Million Incentive Plan to Boost EV Sales

Indonesia is targeting 20% of overall car sales in 2025 being electric vehicles, chief economics minister Airlangga Hartarto said

1 year ago

Indonesia Will Launch $2-Billion EV Fund With China’s CATL

The fund will invest in the EV value chain to capture a market that is expected to grow fast globally,…

1 year ago

Indonesia GDP Growth Speeds Up But Below Expectations

Southeast Asia’s largest economy has been reaping the rewards an export boom due to high commodity prices

1 year ago

Indonesia’s Currency Under Siege From Unrelenting Dollar

Jakarta’s stock market is Asia's best performer this year and the rupiah held out against a forceful US dollar until…

2 years ago

Japan’s Toyota Pledges $1.8bn Indonesia EV Investment

Indonesia's chief economic minister Airlangga Hartarto met with Toyota vice-chairman Shigeru Hayakawa on Tuesday in Tokyo, the Jakarta ministry said

2 years ago

Indonesia Hails Deeper Trade Cooperation After China Visit

The leaders said they would increase trade and economic cooperation, especially in agriculture. Jakarta is trying to increase exports while…

2 years ago

Indonesia Sets Higher Standards for Peer-to-Peer Lenders

Financial services authorities have set a minimum capital requirement for lenders at a 25 billion rupiah ($1.67 million), much higher…

2 years ago