Category: Industries

Indonesia welcomed around 736,000 tourists in January 2023, surged 503% from the same month last year. It is below average monthly visits prior to the Covid-19 pandemic, but still a substantial recovery. 

China’s chopper tube and bar manufacturer Zhejiang Hailiang will invest 5-9 billion CNY or around US$849 million in Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java province. The company will construct a factory that makes the high-performance copper foil used in electric vehicle (EV) batteries with an annual output of 100,000 tons of electrolytic foil. 

Following the successful inaugural F1H2O race in Toba Lake on Sunday (Feb 26), some investors have reportedly expressed their interests to build new hotels in the tourism destination. President Joko ‘Jokowi’ Widodo admitted a lot of things have to be fixed in the event and surrounding area, but we still have to appreciate the progresses made. 

Indonesia continues to attract investors in nickel processing. The latest is a proposed US$780 million loan for new High Pressure Acid Leach (HPAL) smelter in Obi Island, North Maluku province.

State toll road developer Jasa Marga (JSMR) has quietly moved closer to completion of two sections of Jakarta-Cikampek II Selatan, which will become another alternative to access trans-Java and Jakarta-Bandung toll roads. 

Aceh, the north-western most province in Indonesia, used to be one of petrochemical centers in the country alongside Bontang (East Kalimantan), Cilegon (Banten province), and Gresik-Tuban (East Java). Downfall of natural gas production and delay in development of new gas fields, however, led to closure of some gas-based factories in the province. 

Nickel producer Vale Indonesia (INCO) through PT Bahodopi Nickel Smelting Indonesia (BNSI), a joint venture with TISCO and Xinhai Technology, has on Friday (February 10) kicked off construction of the integrated low-carbon nickel mining and processing project in Bahodopi, Morowali Regency, Central Sulawesi.

A preliminary estimates from the US Geological Survey (USGS) pointed to global nickel production at mines of 3.3 million tons last year, of which nearly half was in Indonesia. The largest economy in Southeast Asia reportedly produced 1.6 million tons of nickel at mines, an increase of 54% from the previous year.

Minister of public works and housing Basuki Hadimuljono has on Monday (Feb 6) kicked off physical construction of Probobolinggo-Banyuwangi (175.4 KM) toll road, which is the last section of trans-Java toll road. Construction starts at Section I of the toll road connecting Probolinggo and Besuki (49.68 KM) with estimated investment of Rp10 trillion.