Today's Top 3 News: China Automaker Invests US$1.3bn to Build Factory in Indonesia
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20 January 2024 23:15 WIB
TEMPO.CO, Jakarta - Tempo English rounded the top three news on Saturday, January 20, 2024. Here are the highlights: KCIC Denies Whoosh Revenues Far Below Projections, Israeli President Hit with 'Crimes Against Humanity' Lawsuit During Visit to Switzerland, and China Automaker Invests US$1.3bn to Build Factory in Indonesia.
The following is the list of the top 3 news on Tempo English today:
1. KCIC Denies Whoosh Revenues Far Below Projections
TEMPO.CO, Jakarta - The Jakarta-Bandung high-speed train operator, PT Kereta Cepat Indonesia China (KCIC), denied reports that revenues from Whoosh in 2023 were far below the company’s projections.
According to a source who wished to remain anonymous, there was a significant gap between the revenue projection and the actual revenue of Indonesia's first bullet train earned during the first three months of commercial operation in 2023.
2. Israeli President Hit with 'Crimes Against Humanity' Lawsuit During Visit to Switzerland
TEMPO.CO, Jakarta - Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said on Friday, January 19, 2024, amid allegations of crimes against humanity in Gaza.
The Federal Prosecutor’s Office (BA) confirmed that it had received a criminal complaint against the Israeli president, who was attending the World Economic Forum’s annual meeting in Davos on Thursday to discuss the Gaza war.
3. China Automaker Invests US$1.3bn to Build Factory in Indonesia
TEMPO.CO, Jakarta - China's electric car manufacturer BYD (Build Your Dream) will invest US$1.3 billion or around Rp20.3 trillion to build a factory in Indonesia this year, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
"The production capacity will be 150,000 per year," said Airlangga in the video of his speech at the BYD Grand Launching event in Jakarta, on Thursday, January 18.
For now, three of BYD's electric car products Atto 3, Dolphin, and Seal are still exported from China to Indonesia in completely built-up (CBU) form.
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