Latest news with #AgusGumiwangKartasasmita
The Star
13 hours ago
- Automotive
- The Star
Daimler opens new bus, truck factory in Cikarang
Industry Minister Agus Gumiwang Kartasasmita (third from right) attends the opening ceremony of PT Daimler Commercial Vehicles Manufacturing Indonesia's new factory in Cikarang, West Java, on June 10. — The Jakarta Post JAKARTA: PT Daimler Commercial Vehicles Manufacturing Indonesia (DCVMI), a subsidiary of Germany's Daimler Truck, officially opened a new factory in Cikarang, West Java to manufacture buses and trucks for both domestic sales and export markets. Spanning 15ha and backed by around 500 billion rupiah investment, the facility will produce various models of Mercedes-Benz Axor trucks and specially designed Mercedes-Benz bus chassis tailored for the Indonesian market. 'We are committed to creating jobs, driving innovation and contributing to the growth of Indonesia's economy,' said DCVMI president director Sankara-narayanan Ramamurthi in a statement. The company had previously operated out of a plant in Wanaherang, West Java, since 1978. However, in September 2023, that facility was acquired by Inchcape and Indomobil, which they use to produce Mercedes-Benz passenger cars and other brands under their portfolio, including Great Wall Motor (GWM). Industry Minister Agus Gumiwang Kartasasmita said in a statement on Tuesday that with an annual production capacity of 5,000 vehicles, DCVMI now ranks among the top five commercial vehicle manufacturers in Indonesia. He expressed hope that the new facility would pave the way for developing new models and upgrading emissions standards for its vehicle models from Euro 4 to Euro 5 or even Euro 6, which could translate to boost to its export performance. 'The government also hopes DCVMI can raise the local content of its products, which currently averages 28.08%,' Agus said in a statement. He also noted that Indonesia posted a 9.7 trillion rupiah trade deficit in commercial vehicles during the first quarter of the year. While exports reached just US$75.5mil, imports soared to US$684.2mil, a gap that underscores the urgency to strengthen local manufacturing. Beyond DCVMI, several other automakers are also building their local factories or ramping up their production footprints in Indonesia, especially those focused on electric vehicles (EVs). Chinese EV giant BYD is currently building a new factory in Subang, West Java, backed by an estimated 16 trillion rupiah investment. Set to be completed by the end of this year, the plant will have the capacity to produce 150,000 EVs annually, with most units targeted for export. Meanwhile, Vietnamese automaker VinFast is also pushing ahead with its factory project in the same area. Backed by an investment of around four trillion rupiah, the facility will sit on top of 120ha of land and is slated to begin operations next year, with a projected output of 50,000 EVs per year. The country saw car sales decline 16.1% year-on-year to 60,613 units in May, down from 71,391 in the same month last year, according to monthly wholesales figures released by the Association of Indonesian Automotive Manufacturers. Weakening household purchasing power was the key reason behind the slump in auto sales, as economic conditions had yet to show meaningful improvement, Gaikindo said on Monday, as quoted by — The Jakarta Post/ANN
Asharq Al-Awsat
11-04-2025
- Business
- Asharq Al-Awsat
Apple's iPhone 16 Hits Indonesia Stores after Monthslong Ban
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia. The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple's failure to meet regulation requiring that 40 percent of smartphone components be made from local parts, said AFP. But the US tech titan announced last month that its latest smartphone models would hit the shelves, weeks after striking a deal with the Indonesian government to invest in the country. Albert Wongso, 34, told AFP outside the store he was very happy to learn that the iPhone 16s were now available in Indonesia. "I'm very happy to hear from the news because we can buy the iPhone directly from Indonesia," the IT consultant told AFP Friday, adding that he was looking to buy the iPhone 16 Pro model to replace his iPhone 11. "Because if we buy from the other country... it's quite hard for example to claim the warranty," he said. While the ban was in place, the government had allowed iPhone 16 models to be brought into the country, provided they were not being traded commercially. A win for Apple Jakarta rejected a $100 million investment proposal from Apple in November, saying it lacked the "fairness" required by the government. The company later agreed to invest $150 million in building two facilities -- one in Bandung in West Java province to produce accessories, and another in Batam for AirTags. Industry Minister Agus Gumiwang Kartasasmita said in February that Apple had also committed to building a semiconductor research and development center in Indonesia, calling it a "first of its kind in Asia". The iPhone 16's entry into the Indonesian market marks a win for Apple and signaled the economic importance of the country of 280 million people. "Indonesia is one of the biggest markets for Apple in the Asian region apart from China and so on," said Nailul Huda, director of digital economy at the think tank, Centre of Economic and Law Studies (CELIOS). The Indonesian government is considering relaxing regulation of the information and communication technology sector ahead of talks with the United States over President Donald Trump's tariffs. Chief economic minister Airlangga Hartarto is set to lead a delegation to Washington this month in the hope of striking a better deal after Trump announced a 90-day pause on the harshest tariff against US trading partners. Indonesia has also banned the sale of Google Pixel phones for failing to meet the 40 percent local parts requirement.
Yahoo
11-04-2025
- Business
- Yahoo
Apple's iPhone 16 hits Indonesia stores after monthslong ban
Smartphone buyers were cheered by shopkeepers in Jakarta on Friday after Apple's latest smartphone went on sale following a monthslong ban in Indonesia. The marketing and sale of iPhone 16 models was prohibited by the government in October over Apple's failure to meet regulation requiring that 40 percent of smartphone components be made from local parts. But the US tech titan announced last month that its latest smartphone models would hit the shelves, weeks after striking a deal with the Indonesian government to invest in the country. Albert Wongso, 34, told AFP outside the store he was very happy to learn that the iPhone 16s were now available in Indonesia. "I'm very happy to hear from the news because we can buy the iPhone directly from Indonesia," the IT consultant told AFP Friday, adding that he was looking to buy the iPhone 16 Pro model to replace his iPhone 11. "Because if we buy from the other country... it's quite hard for example to claim the warranty," he said. While the ban was in place, the government had allowed iPhone 16 models to be brought into the country, provided they were not being traded commercially. - A win for Apple - Jakarta rejected a $100 million investment proposal from Apple in November, saying it lacked the "fairness" required by the government. The company later agreed to invest $150 million in building two facilities -- one in Bandung in West Java province to produce accessories, and another in Batam for AirTags. Industry Minister Agus Gumiwang Kartasasmita said in February that Apple had also committed to building a semiconductor research and development centre in Indonesia, calling it a "first of its kind in Asia". The iPhone 16's entry into the Indonesian market marks a win for Apple and signalled the economic importance of the country of 280 million people. "Indonesia is one of the biggest markets for Apple in the Asian region apart from China and so on," said Nailul Huda, director of digital economy at the think tank, Centre of Economic and Law Studies (CELIOS). The Indonesian government is considering relaxing regulation of the information and communication technology sector ahead of talks with the United States over President Donald Trump's tariffs. Chief economic minister Airlangga Hartarto is set to lead a delegation to Washington this month in the hope of striking a better deal after Trump announced a 90-day pause on the harshest tariff against US trading partners. Indonesia has also banned the sale of Google Pixel phones for failing to meet the 40 percent local parts requirement. mrc/ebe/tc
Iraqi News
07-03-2025
- Business
- Iraqi News
Apple step closer to seeing end of Indonesia iPhone sales ban
Jakarta – Indonesia approved local certificates for more than a dozen Apple products on Friday, the industry ministry said, moving the tech giant a step closer to having a ban lifted on iPhone sales in Southeast Asia's biggest economy. Apple struck a deal with Indonesia last month to invest in the country of 280 million after months of deadlock over the tech titan's failure to meet regulations requiring phones to be built with at least 40 percent of components made locally. 'We have issued local content requirement certificates for 20 Apple products,' Industry Ministry spokesperson Febri Hendri Antoni Arief said in a statement. It did not specify the products that were certified, but local media reported they included the latest iPhone 16 model. Apple now needs to obtain a series of certificates and approvals from various ministries, the statement said. Jakarta rejected a $100 million investment proposal from Apple in November, saying it lacked the 'fairness' required by the government. Apple later agreed to invest $150 million in building two facilities — one in Bandung in West Java province to produce accessories, and another in Batam for AirTags. Industry Minister Agus Gumiwang Kartasasmita said last month that Apple had also committed to building a semiconductor research and development centre in Indonesia, calling it a 'first of its kind in Asia'. Despite the ban on iPhone sales in Indonesia, the government had allowed the devices to be brought in if they were not being traded commercially. Indonesia has also banned the sale of Google Pixel phones for failing to meet the 40 percent local parts requirement.
Yahoo
27-02-2025
- Business
- Yahoo
Indonesia lifts ban on iPhone sales after investment agreement
Indonesia has lifted its ban on iPhone 16 sales after a months-long dispute with Apple over local manufacturing requirements. The development is a win for the Indonesian government, who leveraged access to their domestic market for a major investment from Apple. Indonesia's Minister for Industry Agus Gumiwang Kartasasmita announced the news in a media briefing today (February 26). He said the ministry will issue Apple a permit to sell the smartphones after both parties reached a deal. Apple had reportedly offered a $1b deal in December which Prime Minister Prabowo Subianto had directed his government to accept. However, last month the ministry unexpectedly halted the deal, as they sought to reach better terms. The dispute began in October 2024, when Indonesia banned iPhone 16 sales for not complying with local component regulations. Indonesia requires that smartphones sold in the country must contain at least 40% locally made parts. Apple had initially offered to invest $10m for a manufacturing facility. They increased that offer to $100m in response to Indonesian officials urging them to build more local manufacturing plants. The new plans included building a facility in Bandung, West Java. Local officials still refused, saying that the investment was too low, especially when compared to investments Apple had pursued in neighbouring countries. The American tech giant has allegedly spent almost $16b since 2019 through supply chains in Vietnam. The deal will see Apple build a manufacturing plant for AirTags on the island of Batam and a facility in West Java Province to produce other accessories. "Indonesia lifts ban on iPhone sales after investment agreement" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
