Industries

Stimulus package to revive property sector in China contributed to improvement of steel price in recent weeks, but year to date, the commodity, where Indonesia is now a net exporter, has lost nearly 20% due to a combination of oversupply and weakened demand. Major...

So, Agus Harimurti Yudhono (AHY, who often criticised the Jakarta-Bandung high-speed train (HST), has taken over portion of Luhut Binsar Pandjaitan’s role in his new position as coordinating minister for infrastructure. It is now in his hand the future of Bandung-Surabaya HST.

Food security or self-sufficiency is said main theme of Prabowo Subianto presidency. In order to meet self-sufficiency target within five years, which is doubted by many, investments in the food chain might get a boost. Some, however, have long started expansion in the food chain simply because the market is big enough.

Indonesia Battery Corporation (IBC) and the world’s largest EV battery manufacturer CATL, through its subsidiary CBL International Development, have formed a joint venture (JV) firm to establish a battery cell manufacturing plant for South East Asia market.

It is only four days left before Prabowo-Gibran’s inauguration, and President Joko ‘Jokowi’ Widodo inaugurated two sections of the Trans Sumatra toll road: Indrapura – Kisaran toll road section 2 Limapuluh – Kisaran ((32.15 KM) in North Sumatra province and Betung section (Simpang Sekayu) – Tempino – Jambi toll road section 3 Bayung Lencir – Tempino (34 KM) in Jambi province yesterday.

China Association of Automobile Manufacturers (CAAM) data showed China’s new energy-vehicle (NEV) sales grew further to a record high last month. In September, China’s NEV sales reached a record high of 1,287,000 units, surpassing the previous record of 1,191,000 units in December last year. This represents a year-on-year increase of 42.3% and a 17% increase from August.

Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investment inaugurated PT LBM Energi Baru Indonesia’s first production of lithium ferro phosphate (LFP) in Kendal Industrial Park, Central Java province yesterday.

India is one of Indonesia’s major trading partners with combined non oil and gas trading value of around US$17 billion behind China, USA, and Japan. When it comes to investment, however, India is not seen as main source of foreign direct investment (FDI).

Back in 1996, when I spent three whole months of journalism work in Vietnam, I wrote some articles published by Bisnis Indonesia, the largest business paper in the country. In one of the articles, I reminded policymakers that Vietnam would surpass Indonesia in manufacturing if the country doesn’t seriously preparing infrastructure and superstructure (industrial discipline). 

Going east. More industrial parks have been developed in Central and East Java in the past few years to take benefit from improved infrastructure and lower average wages than peers in West Java, which remains the largest manufacturing base in the country.