Indonesia welcomed around 6.4 million foreign tourists throughout the first half of 2024, the Central Statistics Agency (BPS) announced on Thursday.
Business
Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an Indonesian official said on Friday.
Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to $10 million giving them a 10-year visa and access to southeastern Asia’s largest economy.
The Indonesian government is set to accelerate the export of durians from Central Sulawesi province to China, as the Southeast Asian country has identified a promising market and high demand for the fruit among Chinese consumers.
The U.S. has approached Indonesia about joining a multinational partnership to boost the Southeast Asian nation’s environmental standards as the two countries discuss a critical minerals deal, a senior U.S. official said on Monday.
Indonesia’s gig workers — who navigate the digital marketplace as delivery personnel, ride-hailing drivers or online freelancers — are in an increasingly precarious position.
Japanese automakers are trying to keep their presence felt in Indonesia with their latest hybrid electric vehicles (EVs) at a time when a growing number of Chinese EV brands are also homing in on Southeast Asia’s largest auto market.
Vietnamese automaker VinFast has officially commenced construction of its first factory in Indonesia, located in Subang, West Java.
Indonesia plans to review its bauxite export ban policy following a request from lawmakers to reopen shipments of the raw material for aluminum, news site Bisnis.com reported, citing a mining ministry spokesperson.
Indonesia is set to grant visa-free visits to 20 countries by October, according to the Ministry of Tourism and Creative Economy. The proposal is now in its final stages.
UAE-based retail major Lulu Group marked its first retail push in the Far East by opening its first hypermarket in the Indonesian capital of Jakarta.
The hackers behind a major cyber attack on the Indonesian government have issued a surprise apology and offered to release the “keys” to the stolen data.
On 3rd July, rumours emerged suggesting that Indonesia might ease its strict bauxite export ban due to slower-than-expected progress in constructing alumina refineries. Following the news, SHFE alumina futures prices fell 1.7% to RMB 3,824/mt in response.
The importance of building partnerships for Indonesia’s transport and logistics industry to work together to achieve its goals was a key point brought up by speakers during the panel discussions at the 2024 HERE Directions Jakarta.
Indonesia’s gross domestic product growth is forecast to average 5.1% per year from 2024 to 2026, the World Bank’s Indonesia Economic Prospects report said, despite headwinds from a subsiding commodity boom, increased volatility in food and energy prices, and rising geopolitical uncertainty.
The Indonesian Seaweed Association (ARLI) has reported that 10 seaweed processing factories, inactive since 2016, are now receiving assistance from the Ministry of Industry to resume operations.
