Indonesia’s online monitoring system now covers nickel, tin commodities
Indonesia has expanded its mineral and coal online tracking system Simbara, which was launched in 2022, to encompass nickel and tin commodities.
![The inauguration of the entry of nickel and tin commodities into Indonesia's mineral and coal online tracking system SIMBARA at the Dhanapala Hall, Central Jakarta, July 22, 2024. Photo courtesy of Antara.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/07/23/indonesia-the-investor-2153.jpg)
The inauguration of the entry of nickel and tin commodities into Indonesia's mineral and coal online tracking system SIMBARA at the Dhanapala Hall, Central Jakarta, July 22, 2024. Photo courtesy of Antara.
As reported by the country’s national news agency Antara, Finance Minister Sri Mulyani said before the inclusion of tin and nickel commodities into the system, it succeeded in preventing the leakage of state revenues from illegal mining methods and evasion of payment of state revenues worth IDR3.47 trillion ($270 million).
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan stated that Indonesia stood to gain income worth IDR5 trillion-10 trillion from the inclusion.
He said he believes that integrating tin and nickel commodities into Simbara can make entrepreneurs more orderly in doing business in the mineral sector.
The minister explained that Simbara can prevent the leakage of state revenues from illegal mining methods and evasion of state revenue payments.
- Read More
Vietnam potential for growth promising for 2024, 2025: UOB exec
Vietnam's GDP in 2024 can reach 6% with "upside potential", driven by strong performance across industries like manufacturing, electronics, furniture, and motor vehicles, says Suan Teck Kin, head of research at UOB.
Economy - Sat, August 31, 2024 | 9:30 am GMT+7
Southern Vietnam real estate firms plan new project launches despite market uncertainties
Several developers in Vietnam’s southern region are planning to launch new projects despite experts saying the real estate market outlook for the remainder of this year remains uncertain.
Real Estate - Sat, August 31, 2024 | 8:00 am GMT+7
Indonesia cracks down on fake job vacancies
The Indonesian Ministry of Manpower has taken measures to combat fake information on available job vacancies, including devising a plan to establish the Task Force on the Eradication of Fake Job Advertisement, reported the country’s news agency Antara.
Southeast Asia - Fri, August 30, 2024 | 11:36 pm GMT+7
Thailand's Koh Samui cruise terminal to open by 2032
Caretaker Deputy Minister of Transport Manaporn Charoensri of Thailand has announced that a new cruise terminal in Koh Samui will open in 2032 as part of efforts to boost tourism in Surat Thani province.
Southeast Asia - Fri, August 30, 2024 | 11:33 pm GMT+7
Malaysia’s economic growth to exceed 5% this year
The Federation of Malaysian Manufacturers (FMM) has revised the 2024 economic growth projection given the stronger-than-expected momentum in the second quarter.
Southeast Asia - Fri, August 30, 2024 | 11:32 pm GMT+7
Indonesia eyes export growth with S Korea via comprehensive economic partnership agreement
The Indonesian Government is aiming to expand exports to South Korea through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect over the past year.
Southeast Asia - Fri, August 30, 2024 | 11:30 pm GMT+7
Daiwa Securities-backed SSI to reclaim Vietnam’s biggest securities firm position after new public offering
SSI Securities, invested by Tokyo-based Daiwa Securities Group, has been approved to make a public offering of 453.3 million shares in a move likely to see it reclaim from VNDirect its position as Vietnam’s biggest stock broker by charter capital.
Companies - Fri, August 30, 2024 | 7:42 pm GMT+7
Heineken Vietnam targets net zero carbon emissions in 2030: exec
Heineken Vietnam strives to reach net zero carbon emissions in 2030, managing director Wietse Mutters told National Assembly Vice Chairman Nguyen Duc Hai.
Companies - Fri, August 30, 2024 | 7:37 pm GMT+7
Vingroup starts building world-class expo center in Hanoi
Vietnamese conglomerate Vingroup has kick-started the construction of a much-awaited world-class exhibition fair center on the outskirts of Hanoi.
Infrastructure - Fri, August 30, 2024 | 3:52 pm GMT+7
Vietnam should pay heed to culinary needs of Indian tourists: Vietravel exec
The 4,500 tourists from India’s Sun Pharmaceutical Industries Group visiting Vietnam are having their particular dietary needs carefully catered to, says leading Vietnamese travel agency Vietravel.
Travel - Fri, August 30, 2024 | 3:11 pm GMT+7
Sweden’s Ericsson, Vietnam university collaborate to drive digitalization with 5G
Sweden’s Ericsson and Hanoi-based Postal and Telecommunications Institute of Technology (PTIT) will collaborate in preparing Vietnamese students to drive the country’s digital transformation with 5G technology.
Companies - Fri, August 30, 2024 | 2:45 pm GMT+7
Life insurer Prudential invests big in 3 Vietnam banks
Life insurance company Prudential Vietnam has invested considerably in at least three banks in Vietnam after nearly three decades of presence in the Southeast Asian country.
Finance - Fri, August 30, 2024 | 2:24 pm GMT+7
Petrovietnam subsidiary, Sembcorp to survey offshore wind power project
PTSC, the technical arm of state-owned Petrovietnam, and Singapore's Sembcorp Utilities Pte. Ltd. (SCU) will jointly conduct technical surveys for an offshore wind power project that will export its output to Singapore.
Energy - Fri, August 30, 2024 | 11:52 am GMT+7
WinCommerce to redefine Vietnam retail market with new retail model
Leading modern retail chain in Vietnam - WinCommerce is confident in the massive potential of the country’s retail market and feels there is room to "redefine" it with a new retail model.
Companies - Fri, August 30, 2024 | 11:25 am GMT+7
Hong Kong aluminum firm Kam Kiu to invest $100 mln in northern Vietnam
Joint Wise Corporation, under Hong Kong-based aluminum giant Kam Kiu, will invest $100 million in manufacturing high-quality aluminum alloy in My Thuan Industrial Park, Vietnam’s northern province of Nam Dinh.
Industries - Fri, August 30, 2024 | 10:09 am GMT+7
Central Vietnam province seeks investors for $1.3 billion steel project
The Economic and Industrial Zones Authority of Thua Thien-Hue province in central Vietnam has called for investment in a VND32 trillion ($1.29 billion) steel plant project in the Chan May-Lang Co Economic Zone.
Industries - Fri, August 30, 2024 | 9:43 am GMT+7