The Indonesian government, through the Ministry of Industry (Kemenperin), has tightened the entry of imported electronic products. This policy is outlined in Regulation Number 6 of 2024 concerning Procedures for Issuing Technical Considerations for the Import of Electronic Products. Among the 78 restricted imported electronic items are centrifugal pumps, submersible water pumps, desk and floor fans, refrigerators, washing machines, and rice cookers. However, businesses can still import these products provided they obtain Import Approvals (PI) from the relevant ministry and submit surveyor reports. To obtain Import Approval, businesses must possess Technical Considerations issued by the Minister, contingent upon fulfilling Business Licensing commitments as per regulatory provisions. Additionally, businesses must be registered in the National Single Window System (SIINas), provide industrial data, data on developmental stages, and submit periodic business activity reports via SIINas every February 1st and August 1st. Applications for Technical Considerations are to be submitted electronically to the Director-General through SIINas. Furthermore, applicants must complete a production plan detailing tariff positions, item descriptions, names, quantities, and standardized units.
On another note, coal exports from East Kalimantan Province experienced significant growth in Q4/2023. According to Budi Widihartanto, Head of the Bank Indonesia East Kalimantan Representative Office, the highest exports were to India, recording a new record with a 67.92% YoY volume increase, driven by high demand for power generation. Although exports to South Korea contracted by 30.61% YoY, there was improvement. However, export growth to ASEAN and China slowed down. Coal exports to China only grew by 2.85% YoY, attributed to China's slowing economy and efforts to increase coal reserves. The mining sector's performance is also reflected in credit disbursements, which grew positively by 40.59% YoY in Q4/2023. This surpasses the previous growth rate of 3.91% YoY. Additionally, the quality of credit disbursements improved, with the non-performing loan (NPL) ratio decreasing from 0.75% to 0.34%. Overall, the mining and quarrying sector in Q4/2023 demonstrated higher positive growth compared to the previous quarter, with a 7.17% YoY growth rate. The mining sector's contribution to East Kalimantan's economy reached 40.01%, contributing 3.31% to economic growth during that period. Despite coal prices contracting by 58.60% YoY to USD 127.05 per metric ton, the significant upward price trend since early 2022 remains noteworthy.
