Indonesia Indonesian Economy News and Updates

[Nilgiri]

we have large surplus with US...

Most countries do.

The US does not have a regulated USD printing machine.

30 trillion debt from just govt side) and growing means huge subsidy to consuming.

 

[Umigami]

https://twitter.com/i/web/status/1636838970519871490

 

[Zinan 二]

Ford in $4.5 bln deal for EV battery materials plant​

SOROWAKO, Indonesia, March 30 (Reuters) - U.S. carmaker Ford (F.N) has joined PT Vale Indonesia (INCO.JK) and China's Zhejiang Huayou Cobalt's as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday.

The investment is Ford's first in the Southeast Asian country and underscores growing appetite among automakers for raw materials used in producing electric vehicle (EV) batteries, which account for about 40% of a vehicle's sticker price, aiming to cut costs and close the gap on EV market leader Tesla

Ford in $4.5 bln deal for EV battery materials plant

U.S. carmaker Ford has joined PT Vale Indonesia and China's Zhejiang Huayou Cobalt's as their new partner in a $4.5 billion nickel processing plant in Indonesia, the companies said on Thursday.

www.reuters.com

 

[Zinan 二]

China Copper Producer Hailiang Expands Into Indonesia on EV Push​

• Plans to build $850m battery copper foil plant in two phases
• Company aims to tap overseas markets as domestic margins fade

Zhejiang Hailiang Co., the world’s top producer of copper tubes and rods, plans to build a copper foil plant in Indonesia for 5.9 billion yuan ($850 million) amid its push into the electric-vehicle battery industry.

Bloomberg - Are you a robot?

 

[Umigami]

https://twitter.com/i/web/status/1643157982308601856

Coincident?

KADIN Desak Amerika Serikat Adil soal Subsidi Nikel Kendaraan Listrik

Indonesia yang memiliki sepertiga dari dari total cadangan nikel dunia diyakini dapat berperan memenuhi kebutuhan kendaraan listrik dan baterai AS.

www.cnnindonesia.com

 

[NEKO]

Coincident?

KADIN Desak Amerika Serikat Adil soal Subsidi Nikel Kendaraan Listrik

Indonesia yang memiliki sepertiga dari dari total cadangan nikel dunia diyakini dapat berperan memenuhi kebutuhan kendaraan listrik dan baterai AS.

www.cnnindonesia.com

If the US don't want China to dominate nickel industry in Indonesia then they should invest and open factory here.

 

[Madokafc]

If the US don't want China to dominate nickel industry in Indonesia then they should invest and open factory here.

US industry and companies actually doing outsourcing jobs to the China and in turn China company invest to other countries to push down the Costs

 

[Lordimperator]

US industry and companies actually doing outsourcing jobs to the China and in turn China company invest to other countries to push down the Costs

Will they changed the outsourcing system in the decoupling plan, if in case PRC doing shenanigans on Taiwan?

 

[Madokafc]

Will they changed the outsourcing system in the decoupling plan, if in case PRC doing shenanigans on Taiwan?

Don't know, deep down those chain supply already established for decades and quite difficult to cut off without severe bleeding loss. No capital can't stand with such loss...

 

[Madokafc]

Indonesia got a lot of Quartz sand and silica sand for glass making process

 

[Ravager]

Indonesia got a lot of Quartz sand and silica sand for glass making process

What's our ranking in the world's proven reserves ?? While i never dables in the glass making industry ... Most of friend were do ..
Yet , CMIIW ... we still haven't manage to create our own crystalines products .

 

[Umigami]

Indonesia to propose limited free trade deal with US on critical minerals

Indonesia will propose a free trade agreement for some minerals shipped to the United States so that companies in the electric vehicle battery supply chain operating in the country can benefit from U.S. tax credits, a senior minister said on Monday.

www.reuters.com

 

[Zinan 二]

China chemical groups seek Beijing nod for $10 bln Indonesia refinery -sources​

SINGAPORE/JAKARTA, April 11 (Reuters) - Two Chinese polyester fibre makers are seeking Beijing’s approval to build a $10 billion refinery and petrochemical complex in Indonesia, sources with direct knowledge of the matter told Reuters.

The move comes as China ramps up talks on mega investments in Southeast Asia as part of President Xi Jinping’s Belt and Road Initiative, and as Beijing limits approvals for new domestic refineries to cut carbon emissions and a fuel supply overhang.

East China-based Tongkun Group and Xinfengming Group are planning a refinery-petrochemical complex in North Kalimantan province on Borneo Island, three sources said, to produce feedstocks for chemical fiber.

China chemical groups seek Beijing nod for $10 bln Indonesia refinery -sources

Two Chinese polyester fibre makers are seeking Beijing's approval to build a $10 billion refinery and petrochemical complex in Indonesia, sources with direct knowledge of the matter told Reuters.

www.reuters.com

 

[Zinan 二]

Indonesia Receives Grant from America Rp 9.5 T for These Three Purposes


Indonesia received a grant of US $ 649 million or equivalent to Rp 9.5 trillion from the United States government. The fund is for several purposes, such as logistics development in several regions to support MSMEs. "Starting the second day of the agenda series in Washington DC, I attended the signing of Compact II Millennium Challenge Corporation (MCC) - a grant program from the US government for Indonesia worth US $ 649 million," wrote Finance Minister Sri Mulyani in a post on her Instagram account @smindrawati, Umat, (14/4). The MCC program grant is the second time after Compact I was awarded for five years in 2013-2018. In the first program, Indonesia received a grant worth US $ 600 million.

Indonesia Dapat Hibah dari Amerika Rp 9,5 T untuk Tiga Tujuan Ini - Makro Katadata.co.id

Indonesia memperoleh hibah sebesar US$ 649 juta atau setara Rp 9,5 triliun dari pemerintah Amerika Serikat. Sri Mulyani mengucapkan terima kasih atas pemberian dana tersebut.

katadata.co.id

 

[Gary]

Indonesia Launches Satria-1 Satellite into Orbit​

Jayanty Nada Shofa
June 19, 2023 | 12:49 pm
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https://jakartaglobe.id/tech/indonesia-launches-satria1-satellite-into-orbit

This photo provided by the Indonesian Communication and Informatics Ministry shows the moment before the launch of the Satria-1 satellite from the Cape Canaveral Space Launch Complex 40 in Florida, Sunday, June 18, 2023, or early Monday Jakarta time.
Jakarta. Indonesia on Monday morning Jakarta time officially launched its Satria-1 satellite from the Cape Canaveral Space Launch Complex 40 in Florida.
The satellite took off using Space X's Falcon 9 rocket about 17 minutes later than planned. Indonesia initially planned on sending the satellite off into orbit at 6.04 p.m. on Sunday local time or 5.04 a.m. on Monday Jakarta time.
Indonesia partners with French-Italian firm Thales Alenia Space to construct the Satria-1 satellite. According to Bakti Kominfo acting executive director Arief Tri Hardiyanto, Thales Alenia Space will make sure that the satellite runs smoothly after the launch.
"Hopefully, all of the devices on Satria-1 can run smoothly, be it the solar cell and antenna. We hope we can control it from the ground station," Arief was quoted as saying in a press statement on Monday.

Indonesia Launches Satria-1 Satellite into Orbit

The satellite took off using Space X's Falcon 9 rocket about 17 minutes later than planned.

jakartaglobe.id

 

[Umigami]

https://twitter.com/i/web/status/1682370275885842433

 

[NEKO]

Indonesia Seeks OECD Membership, to Be First in ASEAN

Coordinating Minister Airlangga says that Indonesia is pursuing membership in the Organization for Economic Cooperation and Development (OECD).

en.tempo.co

 

[Ravager]

Indonesia Seeks OECD Membership, to Be First in ASEAN

Coordinating Minister Airlangga says that Indonesia is pursuing membership in the Organization for Economic Cooperation and Development (OECD).

en.tempo.co

Anybody could explain on what benefits we would get beside one we allready had ?

 

[Nilgiri]

Anybody could explain on what benefits we would get beside one we allready had ?

Another ABC-XYZ group's meeting network etc for top to middle layer bureaucrats to attend in their schedule in a year etc.

There can be some benefit (discussing best practices, economic coordination with some top tier economies and maybe you improve contact list that has positive spillover effect)..... but there is also opportunity cost in having bureaucrats assigned there for that time compared to some other thing they can do with another group or country etc.

Everything is relative to what strategy your deeper institutions would like to direct towards and hedge.

 

[Ravager]

Another ABC-XYZ group's meeting network etc for top to middle layer bureaucrats to attend in their schedule in a year etc.

There can be some benefit (discussing best practices, economic coordination with some top tier economies and maybe you improve contact list that has positive spillover effect)..... but there is also opportunity cost in having bureaucrats assigned there for that time compared to some other thing they can do with another group or country etc.

Everything is relative to what strategy your deeper institutions would like to direct towards and hedge.

In another words .... Android 10 to 11 .... Ok . I get it .

Thanks for the response bruh ...