Category: Industries

After more than three decades ‘controlling’ upstream petrochemical industry and plastic raw materials, Chandra Asri (TPIA) will have a serious competitor very soon with scheduled commercial operation of new cracker by PT Lotte Chemical Indonesia (LCI). Chandra Asri was last traded at Rp10,000 to make a market capitalisation of Rp865 trillion or US$53 billion, unbelievably expensive for an old factory.

Huge investments in metal processing, particularly copper and nickel, has led to substantial increase in domestic demand for chemicals, particularly caustic soda. Expansion of the country’s pulp and paper industry in recent years also lifted demand for the chemical, encouraging others to invest more in caustic soda.

Butonas Petrochemical Indonesia has secured 90 MMSCFD gas allocations from the Jambaran Tiung Biru (JTB) field in Bojonegoro, East Java province with a period of seven years starting from 2028 to 2035. The amount will fuel its Rp22.8 trillion ethanol and methanol plant in East Java, supporting its operation.

A friend, former investment banker currently assisting West Nusa Tenggara (NTB) provincial government, confirmed slowdown of hotel, restaurant, and cafe (HORECA) industry in the area known for its natural beauty. 

Domestic steel manufacturers have in recent weeks reminded the government about influx of cheap import products. While import of iron and steel (HS 72) declined 1.95% and articles (products) from iron and steel (HS 73) grew only by 4% in the first four months of the year, domestic players are worried about developments in April.

Nanshan Aluminium International Holdings Ltd, which develops smelter grade alumina (SGA) in Indonesia, has yet to release its first quarter 2025 financial report, but financials of parent company Shandong Nanshan Aluminium Co Ltd, pointed strong performance in the period.

When Astro launched in 2021 with the promise of delivering daily essentials in just 15 minutes, it was hailed as a local answer to the rising global phenomenon of quick commerce. Within a short span, Astro secured over US$90 million in funding from top-tier investors like Tiger Global, Accel, and Sequoia Capital India.

When Lokapala was launched in 2020 by Anantarupa Studios, it carried a wave of national hope. Hailed as Indonesia’s first locally developed MOBA (Multiplayer Online Battle Arena), the game promised not only competitive gameplay but also a rich narrative rooted in Nusantara mythology. Amid the dominance of foreign titles like Mobile Legends(Moonton), Free Fire (Garena), and more recently Honor of Kings (Tencent), Lokapala was envisioned as a symbol of digital sovereignty and cultural revival.

The electric vehicle (EV) charging station arm of Vietnamese’ Vingroup, V-Green has recently signed a memorandum of understanding (MoU) with four strategic partners to deploy 63,000 VinFast EV charging ports across Indonesia with a total investment of US$300 million by the end of this year.

The arrival of Honor of Kings (HOK) in Indonesia is more than just a mobile gaming expansion—it is a digital geopolitical maneuver wrapped in the packaging of competition and entertainment. Developed by TiMi Studio Group under Tencent, HOK entered the Indonesian market with an aggressive strategy: high-quality visuals, competitive gameplay, and a tournament system aimed at quickly dominating the Southeast Asian esports scene.