Industries

State-owned electricity firm PLN has provided a total of 3,500 public electric vehicle charging stations (SPKLU) at 2,412 strategic points across Indonesia for anticipating the surge in EV users during the 2025 Eid homecoming season. This year, EV usage during Eid homecoming is projected to reach 21,570 vehicles, surged from 4,314 vehicles last year.

Shares of Tesla, used to be the world’s largest EV manufacturer, has collapsed 50% since Elon Musk joined Trump administration. BYD, which has taken over the top spot from Tesla, on the other hand, gained nearly 30% in the same period.

Steel rebar and hot-rolled-coils (HRC) steel moved different ways so far. Steel rebar moved south as some countries imposed higher import tariffs on Chinese products, while HRC steel went north, gaining 28%. All of these would significantly impacting Indonesian economy, because iron & steel is now third largest export commodity behind thermal coal and palm oil. 

Sanken Electric Co Ltd has decided to close down its manufacturing facility in MM2100 industrial estate, Cikarang, West Java by June 2025. The announcement from ministry of industry was made when a big Japanese business delegation is reportedly in the country to meet the President’s brother.

Central Java governor Ahmad Luthfi, who is now cadre of President Prabowo’s Gerindra Party, has just welcomed leaders of PT Anugerah Andalan Asia, which plans to build new cement mill in Wonogiri Regency with estimated investment of Rp6 trillion. What happened to the moratorium policy from Central Government?

Shares of diapers manufacturer PT Uni-Charm Indonesia Tbk (UCID), a joint venture between Sinarmas Group (Widjaja Family) and Unicharm Corporation (Japan), ended lower by 0.74% on Tuesday (Mar 11) as investors responded negatively the company’s financial performance last year.

The bottled water industry in Indonesia is a highly competitive market dominated by major brands such as Aqua (Danone), Le Minerale (Mayora), Cleo (Tanobel), and Ades (Coca-Cola Amatil). Amid this intense competition, PT Wahana Pronatural,Tbk (WAPO)-a listed company that linked to families controlling Kapal Api Group- has launched Air Alam, a new bottled water brand poised to shake up the market. 

Berger Paints, Singapore paint producer, has acquired 100% of Asian Paints International Pvt Ltd’s subsidiaries, PT Asian Paints Indonesia and PT Asian Paints Color Indonesia for SG$7.5 million. Both subsidiaries own manufacturing facility located in Karawang Industrial Estate, West Java province that spans in 5.3 hectares of land.

Indonesian government has finally accepted US$160 million ‘investment commitment’ from Apple Inc, far below initial demand of US$1 billion. With the so-called ‘innovation investment scheme’ to meet 35 percent local content, Apple Inc may resume sales of iPhone 16 in the country. 

Minister of energy & mineral resources Bahlil Lahadalia, who is also head of Task Force for downstream industry development (which is strange given the existence of ministry of investment & downstream), claimed that he has proposed some downstream projects to President Prabowo Subianto that would be financed by Danantara.