The footwear industry plays an increasingly important role in Indonesia's manufacturing sector. Producing shoes for many global brands, footwear manufacturers are a vital job creator and an important foreign exchange earner for the country.
An advantageous geographic position on the equator has long afforded Indonesia with immense potential for solar energy. With the country’s solar energy industry ready to begin a concerted expansion, demand for locally manufactured components such as solar panels is set to boom.
Responding to Indonesians' growing taste for chocolate, global companies have invested heavily in cocoa downstream businesses in recent years. Farmers, however, are struggling to increase cocoa bean output and have become the weak link in Indonesia's cocoa industry.
In January 2014, Indonesia put into effect a series of regulations to curb the export of unprocessed minerals. Though these laws mandate a ban on raw ore exports, they also allow for the continued export of several mineral concentrates, subject to a rise in export duties.
Harbouring an estimated 40% of the planet's total reserves, Indonesia has more geothermal energy potential than any other country. So far, it has largely failed to utilise this, relying instead on coal, natural gas and oil to meet the bulk of its electricity needs.
Amid a drive towards increasing activity in oil and gas exploration, Indonesia announced revisions to its cabotage principles. This update looks at changes to deadlines for offshore vessel exemption, in light of the country’s growth strategy for the shipyard industry.
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