Indonesia targets to attract 13 billion USD to bauxite processing
Indonesia, having the sixth-largest bauxite reserves in the world, sees the potential of bauxite downstream could reach 13 billion USD next year from the current 9 billion USD.
Indonesian Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan (Photo: Ministry for Maritime Affairs )
Jakarta (VNA) – Indonesia, having the sixth-largest bauxitereserves in the world, sees the potential of bauxite downstream could reach 13billion USD next year from the current 9 billion USD.
According to Coordinating Minister for Maritime Affairs Luhut BinsarPandjaitan, although Indonesia is in top six bauxite reserves in the world, thecountry only exports it.
President Joko Widodo has recently directed to enhance processing so as toincrease value for the processing industry, he said.
If bauxite is processed into various derivatives, the value can go up to 11digits, and this potential has not been maximized yet.
The Indonesian government will consider accelerating an export ban on bauxiteand other mineral items such as tin and alumina, among others, subject to thescale of investment, he revealed.
Under the current rules, exports of bauxite are allowed till January 11, 2022.
He encouraged the development of the bauxite processing industry to beaccelerated. It includes PT Indonesia Asahan Aluminum in collaboration with PTAneka Tambang Tbk via its subsidiary PT Borneo Alumina Indonesia (PT BAI) tobuild a bauxite-to-alumina plant in Mepawah, West Kalimantan./.
Indonesia will stop exports of nickel ore immediately in the context that the world’s biggest nickel ore producer is seeking to promote domestic metallurgy industry, towards increasing the national budget revenue.
Secretary General of the Indonesian National Energy Committee Djoko Siswanto said the country is developing green fuel as an end-product of palm oil, to reduce the country's reliance on costly oil imports.
The Indonesian government has imposed temporary additional duties on imports of textiles and textile products up to 67.7 percent, the country’s finance ministry has said.
Indonesia is looking to develop an amphibious aircraft in the next five years to solve the perennial problem of inter-island transportation in the archipelago, the country’s Research and Technology Minister Bambang Brodjonegoro has said.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Indonesian Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan (Photo: Ministry for Maritime Affairs ) 
