Country: Indonesia
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Chinese Cross-Border Payments Expand in Southeast Asia
Cross-border payments using QR codes between China and several Southeast Asian countries took a leap forward this week. Chinese travelers to Vietnam, Thailand, and Indonesia can now use cashless QR code-based payments, eliminating the need for currency conversion. The initiative ...
China’s Nickel-Free EV Batteries Hit Indonesia’s Nickel Plan: New Report
China’s shift toward nickel-free EV batteries is complicating Indonesia’s effort to turn its huge nickel reserves into the backbone of a domestic EV industry, according to a new report that says the shift is reshaping one of the world’s most important mineral sectors. ...
Alleged Abuses at Chinese-Invested Nickel Plant Expose Indonesia’s Weak Labor Oversight
Last month, LBH Makassar, a legal-aid organization in eastern Indonesia that represents workers and low-income communities, delivered an open letter to the Chinese Embassy in Jakarta. The letter describes serious labor violations at PT Huadi Nickel Alloy Indonesia, a Chinese-invested nickel smelter operating in Bantaeng, a ...
Navigating the Second China Shock
Like climate change or runaway AI risks, China’s swelling manufacturing capacity is a global challenge faced by middle and high-income economies alike. Trade tensions already dominate EU-China relations, and concerns over China’s manufacturing capacity are rising across the Global South. In ...
China Customs Gap Hints at Iranian Crude Oil Labeled as Indonesian
China is importing much more crude oil declared as Indonesian than Indonesia says it is exporting, customs data from both countries show. Chinese customs figures released this week show 9,81 million metric tons of crude listed as coming from Indonesia ...
Indonesia Turns to China’s Yuan to Cut Reliance on the U.S. Dollar
China’s yuan is taking a larger role in Indonesia’s currency markets, as Bank Indonesia opens new yuan-denominated monetary operations. This new facility aims to reduce reliance on the U.S. dollar. It also aim to support the fast-growing use of local currencies in trade with China.
Indonesia Moves to Rein In Nickel Boom, but Impact Uncertain, Says Chinese Commentator
As demand for electric vehicles surges, Indonesia, the world’s largest source of battery-grade nickel, has become a focal point of global concern. Rapid and often exploitative mining projects, many driven by Chinese investment, have strained local communities and ecosystems. Now, Indonesia decided to restrict new nickel-smelter investments. ...
Indonesian Finance Minister Will Join Rail Debt Talks with China
Indonesia’s finance minister, Purbaya Yudhi Sadewa, will join a top-level delegation preparing to fly to China for debt-renegotiation talks on the Jakarta–Bandung high-speed rail project. Purbaya is joining the talks while Jakarta debates whether to commit any public funds ...
Chinese Mining Companies Need Deeper Dialogue With Overseas Communities
By Chen Yu Minerals like nickel, lithium, cobalt, and copper are foundational to the global clean-energy transition. Solar panels, wind turbines, EVs, and battery storage cannot be built without them. Yet extracting, processing, and transporting these “transition minerals” can be resource-intensive, ...
Indonesia Detains Man Wanted in China Over $138 Million Loan Default
Indonesian authorities said on Tuesday they had detained a Chinese real estate executive wanted over the default of a $138 million corporate loan. The 58-year-old man, identified only as WZ, was arrested on Indonesia's western island of Batam on Thursday after ...
Indonesia Curbs New Nickel Smelters, Ongoing Projects to Proceed
Indonesia curbs new nickel smelters that produce intermediate materials, but will allow plants already under construction to move ahead following a government review, the Ministry of Industry said Monday. The government is driving Indonesia’s nickel industry downstream into battery-grade chemicals ...
China’s BYD Jumps to Indonesia Top 3 After 873% October Surge
BYD, a Chinese carmaker, broke into Indonesia’s top three auto sellers in October with 10,593 vehicles shipped to dealers. The record is up 873% from September, according to GAIKINDO, the national automotive industry association that compiles official sales data. Toyota ...