In one of the next economic stimulus packages of the Indonesian government the focus will be on increasing domestic production of raw materials for medicines and medical devices. Currently, these industries are still highly dependent on imports of raw materials. It is estimated that around 90 percent of raw/basic materials for medicines and medical devices need to be imported from abroad and therefore cause additional pressure on Indonesia's balance of payments.

Read more ›

Indonesia's Ministry of Industry is optimistic that the country's manufacturing industry will grow 5.7 percent (year-on-year) in 2016, up from the estimated 5.3 percent growth pace this year. Indonesian Minister Saleh Husin said this optimism is based on higher domestic direct investment. Domestic investment realization in Indonesia's industry sector rose 7.45 percent (y/y) to IDR 20.1 trillion (approx. USD $1.5 billion) in the third quarter of 2015 from IDR 18.7 trillion in the same quarter last year. Foreign direct investment (FDI) into Indonesia's industry sector stood at USD $3.15 billion in Q3-2015.

Read more ›

Indonesian Industry Minister Saleh Husin inaugurated the new USD $60 million shoe factory of Changshin Reksa Jaya in Garut (West Java) which will produce Nike branded shoes. The shoe factory has an annual production capacity of 15 million pairs and will provide employment to 5,500 people. Reportedly, all of the shoes produced at this plant will be exported to Europe, USA, and other parts of Asia. Minister Husin stated that the new factory is highly appreciated as it will boost the country’s non-oil & gas exports.

Read more ›