Business News
Investment in Downstreaming Efforts Emphasized by Minister as Key to Success
The importance of collaboration in pursuit of downstreaming was emphasized by the Indonesian Investment Minister Bahlil Lahadalia, affirming that Indonesia extends a wide opportunity for eligible countries to collaborate and work together. Bahlil delivered the remarks during his Friday visit to the University of Indonesia, Depok, West Java. The minister…
Indonesia's Rice Supply to Soar in 2023 with Plans to Import Half a Million Tonnes
The Trade Ministry of Indonesia has announced that the country may import an additional 500,000 tonnes of rice from foreign sources this year to replenish the decreasing government rice reserves. This statement is made in spite of the government's previous import of 500,000 tonnes of rice from countries like Thailand,…
Indonesia's Homegrown Motorcycles Go Global: February 2023 Exports Surge to 575,502 Units!
In February 2023, the Indonesian Motorcycle Industry Association (AISI) published data on motorcycle sales. The data revealed an increase in exports compared to January 2023. AISI's website reported that throughout February 2023, 575,502 motorcycles were sold domestically, representing a 6.4% decrease compared to January 2023, when 615,416 motorcycles were sold.…
Indonesia's Nickel Exports Skyrocket to IDR 519 Trillion!
The Indonesian government has successfully implemented its mining downstreaming policy, particularly in nickel. In 2022, Indonesia reportedly received a windfall from its nickel downstreaming, totaling to USD 33.8 billion or around IDR 519 trillion (with a conversion rate of IDR 15,365 per USD). This was announced by the Coordinating Minister…
