China is stepping up its game in Indonesia’s electric vehicle (EV) battery industry after a major exit by South Korea’s LG-led consortium. LG and its partners have pulled out of a massive US$7.7 billion project meant to build a full EV battery supply chain in Indonesia — giving China’s Zhejiang Huayou Cobalt a clear path to take charge. LG Energy …

Indonesia and Vietnam have completed their long-negotiated and pending ratification of their maritime boundaries. While this will probably improve maritime security and help prevent illegal fishing, the agreement will likely cause rifts with China because of the latter’s territorial claims in the South China Sea. President Prabowo Subianto said he was mulling ratifying the Exclusive Economic Zone (EEZ) treaty with …

The International Trade and Industry Ministry of Indonesia boldly raised a “no cheap stuff” sign on its entry points, targeting specifically nylon film from trade rival countries of China, Thailand, and Taiwan. Import duties have been slapped on it, and the amount is indeed big. Think of it this way: your favorite local shop is being squeezed out by a …