Tag Archives: industry

Profit growth for China’s industrial firms cooled for a third straight month in July in a further indication that demand in the world’s second-biggest economy is cooling even as U.S. trade pressure mounts. Industrial profits in July rose 16.2 percent from a year earlier to 515.12 billion yuan ($74.94 billion), slowing from a 20 percent […]

Daikin Industries, (6367.T) the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company. As Japanese manufacturers such as Panasonic stepped back from home appliances over a decade ago to avoid price wars with Asian rivals, […]

Singapore National Day is celebrated every August 9th. In Indonesia, the excitement of Singapore National Day took place a week later, precisely on August 14, 2018. Located at Shangri La Hotel, Jakarta, Ambassador H.E. Anil Kumar Nayar invited Indonesian Minister of Industry Airlangga Hartarto and the audience to toast while celebrating the warmth of Singapore […]

In the first half of this year, Indonesia booked US$9.48 billion in investment in the energy and mineral resources sector, only 25 percent of the full-year target of $37.2 billion. The oil and gas sector contributed the most to the total investment at $5.11 billion, followed by electricity at $2.83 billion. Meanwhile, the mining and […]

With no end in sight to trade tensions between the United States and China, domestic tire producers may bear the brunt of the spat as a revision to a ministerial regulation has made it easier for tire products to enter the Indonesian market, Fitch ratings agency has said in a statement. Trade Ministry Regulation No. […]

Industry Minister Airlangga Hartarto said the manufacturing industry grew 4.41 percent year-on-year (yoy) in the second quarter of 2018, higher than 3.93 percent growth in the corresponding period, last year. He said the manufacturing sector contributed 19.33 percent to the country’s gross domestic product (GDP), the largest contributor to the economic expansion. “The manufacturing sector […]

Canadian microbreweries are facing a shortage of cans and higher costs, forcing some to cut beer production after the country imposed retaliatory import duties on U.S. aluminum imports in the busy summer season. Though Canada is the world’s third biggest aluminum producer and cans are made in the country, beer makers also rely on the […]