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Umigami

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I think whether Indonesia joining Brics or not depends on next administration, not the current one.
 

Nilgiri

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I think whether Indonesia joining Brics or not depends on next administration, not the current one.

Always found it weird that South Africa is in the grouping right now instead of Indonesia.
 

Ravager

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And staid their image internationally?
I don't know ... Either jkw doesn't feel the benefit was enough . Or some third party offering something we are simply couldn't refuse ...
And remember ...this is the guy who singlehandedly broke the nickel world market order and ban the CPO export . Not everyone has a bigger balls than him ...
 

NEKO

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Indonesia's Aneka Tambang sells shares of subsidiaries to world's biggest EV battery company​


JAKARTA, Dec 29 (Reuters) - Indonesian miner Aneka Tambang (ANTM.JK) has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world's biggest electric vehicle battery maker, China's Contemporary Amperex Technology Co (CATL).

In a disclosure published late on Thursday, Aneka Tambang, known as Antam, said it made the sales to Ningbo Contemporary Brunp Lygend Co Ltd (CBL) through the latter's Hong Kong unit. CBL is a holding subsidiary of CATL (300750.SZ), according to its website.

The sales, which were completed on Thursday, mean CBL controls 49% of PT Sumberdaya Arindo and 60% of PT Feni Haltim.

The sales are part of an agreement to set up joint ventures to develop an electric vehicle "ecosystem" in Indonesia, the statement said, which includes a plan to build a high-pressure acid leaching (HPAL) plant to process nickel ore into materials used in batteries.

The government of Indonesia, home to the world's largest nickel reserves, has set an ambitious target of producing some 600,000 EVs by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.

Companies like China's Neta EV brand, Japan's Mitsubishi Motors and South Korea's Hyundai Motors have already invested in Indonesia's burgeoning EV battery industry. The country is also wooing Tesla and BYD.

 

Scott Summers

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I see not a lot of tourism between Turkey and Indonesia, despite their historical bond.

There are almost no campaigns or commercials from travel bureaus or flight companies between both countries.

Why is that?
 

Gary

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What are top exporting stuff of Indonesia?
Coal, petroleum, steel and cars I guess

export.png
 
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