China’s Bosai Minerals Group, which generated US$8.6 billion of sales revenues last year, and PT Surabaya Industrial Estate Rungkut (SIER) have recently signed a memorandum of understanding (MoU) for the preparation of industrial land use. This collaboration marks the first step in Bosai’s major investment in East Java, particularly Pasuruan Regency.

The race between the United States and China to dominate the global technology supply chain has turned brutal. Export controls, industrial sanctions, semiconductor blockades and escalating geopolitical pressure have fractured the world into two competing tech ecosystems. What was once economic competition has evolved into a full-scale technological cold war.

The Ministry of Investment and downstreaming has recently revealed that China’s Zhejiang FreeNow Food Co. Ltd., a coconut derivative producer, has begun construction of coconut processing plant in Morowali, Central Sulawesi province with US$100 million of investment.

Minister of finance Purbaya Yudhi Sadewa promised to take action on the flood of imported steel construction that hurting domestic fabricators. Purbaya didn’t specify, but responded positively complaints from local players.

PT Lintas Citra Pratama (LCP), a petrochemical investment company based in Cilegon, continues to strengthen its position in the downstream industry by carrying out a major expansion through the construction of a Polyethylene Terephthalate (PET) plant with a capacity of up to 720,000 tons per annum. LCP, through its subsidiary PT Merak Chemical Indonesia (MCCI) allocates US$300 million or approximately Rp5.01 trillion to build PET plant.

President Prabowo Subianto has mandated PT Pindad, a state defense contractor, to develop the national car (Mobil nasional/Mobnas, minister of industry Agus Gumiwang Kartasasmita said this week. 

Cable is key component of the digital economy because of growing need to reliable power supply and Internet. Yet, cable manufacturers gained very little, at least shown by low gross profit margin of cable manufacturers.

After years of talk and talk, South Korean Lotte Chemical Titan Holding Berhad has launched commercial operations at its Lotte Chemical Indonesia New Ethylene (LINE) project, an integrated petrochemical facility developed through its subsidiary, PT Lotte Chemical Indonesia (LCI).

PT ESSA Industries Indonesia Tbk, which generates most sales revenues from ammonia, suffered from squeezed margins from persistent oversupply in the chemical. In the first nine months of 2025, the company’s net profit dropped by 36.6% to US$21.3 million.

Few months back PT Teknologi Militer Indonesia (TMI), a company controlled by the military foundation under ministry of defence, introduced an EV concept car named i2C, Indigenous Indonesian Car. Is this the ‘national car’ to be developed by President Prabowo Subianto’s administration?