Business News
Indonesia Collaborates with China to Explore Copper Downstreaming for Battery Industry
PT Industri Baterai Indonesia has signed a Memorandum of Understanding (MoU) with Nuode Investment Co., Ltd (Nuode) and China Hualong International Construction Corporation (SINORON). This collaboration aims to support copper downstreaming, particularly in the use of copper cathodes as raw materials for copper foil in battery anodes and electronic PCBs.…
US Company Invests IDR 8 Trillion in Solar Panel Plant in Batang Integrated Industrial Park
SEG Solar Inc., a US-based solar panel manufacturer, has started construction in the Batang Integrated Industrial Park (KITB), Central Java, marking a significant investment in silica sand downstream processing. According to the Investment Promotion Deputy at Indonesia's Investment Coordinating Board (BKPM), Nurul Ichwan, the government aims to boost renewable energy…
Minister of Transportation: Wonderful Indonesia Event Boosts Aviation Industry
The Wonderful Indonesia Tourism Fair (WITF) and Southeast Asia Business Events Forum (SEABEF) 2024 are expected to enhance Indonesia's aviation industry, according to Minister of Transportation Budi Karya Sumadi. He expressed his appreciation to the Ministry of Tourism and Creative Economy for organizing the events, stating that they embody the…
Commodity Generating Foreign Exchange from Exports and Imports in Papua
The Directorate General of Customs and Excise reported that customs and excise revenue (PKC) in Papua reached IDR 5,552.33 billion (5.55 trillion) by August 2024, achieving 230.22% of the target. "This figure surpasses the 2024 State Budget (APBN) target and reflects a significant increase of 1,114.45% compared to August 2023…
