Saleh Husin

Chemical industries expect 10 year tax holiday

REPUBLIKA.CO.ID, JAKARTA -- Chemical industries are expecting a 10-year tax holiday to revive investment in the sector."In the first to third year of investment chemical industries still suffer losses and reach a break-even point in the fourth year. Only after reaching the fifth year they will possibly make profit," the secretary general of the Federation of Indonesia Chemical Industries...

Alumunium (illustration)

Indonesia needs more hydropower plant to produce more aluminum

REPUBLIKA.CO.ID, JAKARTA -- Indonesia needs more hydropower plants that produce affordable energy to keep up with growing demand of aluminum. The demand, mostly coming from automotive industry, which reaches almost 800,000 tonnes, is covered by import as Indonesia can only produces 250,000 tonnes. Indonesian Foundry Industries Association (APLINDO) stated that in 2015, the demand would rise faster. It can even...