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The government is making plenty of efforts to attract investment in battery manufacturing, chasing the ambition to become a major player in the global electric car industry. State-owned energy companies are consolidated to serve as partner of global investors with interests in Indonesia’s nickel reserves.
Investment Coordinating Board Chief Bahlil Lahadalia explains the negotiation process with LG Energy Solution. This South Korean company commits to invest US$9.8 billion to build electric car battery production center.
The battle between health advocates and tobacco supporters is intensifying as the deadline for setting excise duties is approaching. Tobacco products’ industrial road map is still stuck at the ministerial level. The ministry of national development planning went ahead with conducting studies.