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    • SingCham is the premier business chamber for Singaporean interests in Indonesia. Founded in 2006, SingCham aims to promote the business interests of individuals or companies operating in Singapore and/or Indonesia. SingCham provides networking activities, events, and useful information for its members, and acts as the liaison between the Singaporean business community and the Singapore and Indonesian governments. With a focus on fostering better networking and feedback among members, SingCham is committed to providing valuable resources and insights to help members connect, learn, and grow their businesses in Indonesia. Join SingCham today and become part of a thriving business community that benefits from exclusive resources, networking opportunities, and business insights.

    13Aug, 2018
    Trade spat may burden tire manufacturers

    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. 6/2018 effectively authorizes imported products, in this case tire products, to be checked outside of customs, as part of the government’s broader effort to debottleneck lines of goods checked in customs areas in a bid to improve efficiency.

    “The revised regulation has simplified the procedure for tire imports, and gives incentives to overseas manufacturers to sell more products to Indonesia,” Fitch said in a statement. “The situation is crippled further by the imposed tariffs on China’s exports to the US, including tire-related products, which may force Chinese manufacturers to divert trade to new markets, including Indonesia.”

    However, the agency said the recovery of automotive sales in the first half would likely offset the short-term negative impact for local tire manufacturers as both car and motorcycle sales recorded doubledigit growth in the first half.

    Trade Ministry data show that tire imports increased to US$158 million in the first half of the year, a 90 percent year-on-year (yoy) increase from the $83 million earned over the same period last year.

    “Imported tires would flood the local market if the trade war continues in the long-term, which we believe may further undermine the business profile of local manufacturers that are already in an oversupplied market environment,” Fitch said.

    (source: The Jakarta Post)

    25Jul, 2018
    China’s top state chip manufacturer Tsinghua signed a deal with Linxens for 2.2 billion euros

    China’s top state chip manufacturer Tsinghua Unigroup Ltd has signed a deal to acquire French smart chip components maker Linxens for about 2.2 billion euros ($2.6 billion), five people with direct knowledge of the matter said.

    The deal, which the sources said was signed over a month ago but has not yet been announced publicly, will be a key test of European regulators’ stance on Chinese investment in the region that has been on the rise amid the country’s worsening trade relations with the United States.

    Tsinghua’s acquisition of Linxens from private-equity group CVC is still pending regulatory clearance, three of the sources told Reuters, adding regulators in France, Germany and the company’s union need to approve the deal.

    (Read more: Reuters)

    10Jul, 2018
    Indonesia to strengthen manufacturing industry amid trade war: Minister

    The government is aiming to strengthen the Indonesian manufacturing industry and secure big investment projects in the face of global uncertainty and a trade war.

    On Monday, after attending a more than four-hour Cabinet meeting at the Bogor Presidential Palace in West Java, Industry Minister Airlangga Hartarto said the government would guarantee the supply of raw material to manufacturing industries.

    The government would also ease the import tax burden to help the export-oriented industry be more competitive, he added.

    On investment, the government would provide incentives to labor intensive industries that relocated their factories, like those from West to Central Java, due to cheaper manufacturing costs, Airlangga said, adding that it would also give incentives to small and medium enterprises.

    He added that President Joko “Jokowi” Widodo also requested minister to carry out a study on the production of 30 percent biodiesel blending (B30 blending) because the upgrade of B20 to B30 blending would increase the use of biodiesel by 500,000 tons per year.

    (Read More: The Jakarta Post)