TIME.CO, Jakarta – The latest economic and business news until Monday afternoon, November 28, 2022, starting with Minister Luhut Pandjaitan who confirmed the smelter project nickel the world’s largest in Pomalaa must continue.
Subsequently, there were reports of Bukalapak chief’s hopes for Song Joong Ki and the government’s debt nearly reaching IDR 7.5 trillion. Then there was news about the official extension of the credit restructuring by OJK until 2024 and the pros and cons of distributing 680,000 electric rice cooker.
The five news most consulted by the readers of the Tempo.co Economia e Impresa channel. The following is a summary of the five trending news.
1. Luhut says world’s largest nickel smelter project in Pomalaa must go ahead even if RI loses in WTO
Coordinating Minister of Maritime Affairs and Investments Luhut Binsar Pandjaitan stressed that PT Vale Indonesia Tbk nickel smelting or processing and refining project in Pomalaa Block, Kolaka Regency, Southeast Sulawesi must go ahead.
“Because this project is building an ecosystem, not a project. We want to build an ecosystem for a lithium battery that can then go into electric cars, can work anywhere,” Luhut said as he inaugurated the construction of a nickel processing and refining factory in Pomala, Sunday 27 November 2022.
Luhut said the HPAL (High Pressure Acid Leaching) factory would be the largest production in the world. “The largest HPAL in the world is in Indonesia and people cannot make batteries without this HPAL. So this HPAL creates a very important ecosystem for us,” he said.
Read more about WTO here.
