Business News
Malaysian Plastic Giant Invests IDR 115 Billion in Batang Special Economic Zone
Malaysia's largest plastic packaging company in the Asia Pacific has officially invested in the Batang Industrial Special Economic Zone (SEZ), Central Java. The initial investment from the company, Thong Guan Industries Bhd, is USD7 million, equivalent to IDR 115 billion. Thong Guan Industries is the first Malaysian investor in the…
IMIP Promotes Nickel Downstreaming Exports, Indonesia Becomes Increasingly Important in the Global Market
The surge in global demand for nickel derivatives has driven a significant increase in export activity from the Indonesia Morowali Industrial Park (IMIP). Located in Central Sulawesi, this industrial park has become one of Indonesia's main centers for mineral downstreaming, particularly for nickel commodities. In line with government policies promoting…
The influx of imported steel from China and Vietnam puts pressure on the local steel industry
The national steel construction industry is facing serious pressure from the influx of cheap imported steel—particularly from China and Vietnam—which now floods the domestic market. According to the Chairman of the Indonesian Society of Steel Construction (ISSC), Budi Harta Winata, imported products offered at lower prices have reduced the competitiveness…
Indonesia Eximbank Disburses USD 30 Million to Petro Oxo Nusantara
Indonesia Eximbank (LPEI) has provided USD 30 million in financing and guarantees to PT Petro Oxo Nusantara (PON), a leading national petrochemical company. This support is part of the Special Export Assignment (PKE) - Trade Finance program aimed at strengthening Indonesia’s chemical export sector. The agreement was signed on July…
