News - Affirmate Group Invests in BOT Finance, Bumiputera Identity Officially Removed

KONTAN.CO.ID – Affirmate Group, a business consulting and investment services firm in Indonesia, has expanded its investment portfolio into the financial services sector. In early March, the advisory arm of PT Affirmate Bisnis Nusantara (ABN) finalized its investment in PT BOT Finance Indonesia.

The transaction was completed after obtaining approval from the Financial Services Authority (OJK) at the end of January 2026.

Through this investment, Affirmate Bisnis Nusantara now holds a 5.6% stake in BOT Finance. The majority stake remains owned by MUFG Finance and Leasing Co Ltd (85%), followed by Yayasan Pendidikan Keluarga Wiryoprawiro (9.4%).

This investment reflects ABN’s strong commitment and strategic initiative to build a sustainable business collaboration platform between Indonesia and Japan.

Going forward, the investment is expected to further strengthen bilateral cooperation in the financial services sector, support corporate growth, and expand cross-border investment opportunities.

“This investment is expected to drive business growth and enhance positive performance amid increasingly challenging conditions,” said Yukifri Nazir, CEO of Affirmate Bisnis Nusantara, in an official statement on Monday (March 2).

By way of overview, BOT Finance offers a wide range of services, including investment financing, working capital financing, multipurpose financing, and operating leases.

In 2025, BOT Finance’s asset portfolio consisted of vehicle financing (43%), heavy equipment (35%), and machinery (22%). According to its 2024 sustainability report, BOT Finance disbursed Rp 1.03 trillion in new financing.

BOT Finance is considered one of the oldest Japanese leasing companies in Indonesia. Established in 1982 under the name Bumiputera-BOT Finance, it was a joint venture between insurance company AJB Bumiputera 1912 and BOT Lease (which changed its name to MUFG Finance and Leasing Co Ltd in October 2025).

In 2024, its shareholder composition was AJB Bumiputera (30%), BOT Lease (MUFG FL) (60%), and Yayasan Pendidikan Keluarga Wiryoprawiro (10%). However, in July 2024, OJK approved the removal of the “Bumiputera” name, allowing the company to operate under the name BOT Finance.

Following Affirmate’s entry as a minority shareholder, in February 2026 Bumiputera divested its entire stake by selling all its shares to MUFG Finance and Leasing Co Ltd.

Meanwhile, Affirmate Group, established in 2019, has built its track record through partnerships with business leaders, corporations, and financial institutions from Indonesia and Japan. ABN supports cross-border business growth and investment between the two countries, serving more than 50 corporate clients.

One of Affirmate’s milestones was acting as business advisor to PT Solusi Sinergi Digital Tbk (WIFI), where it played a role in introducing NTT East as a strategic investor. NTT East entered in the second half of 2025 with an investment commitment of Rp 4 trillion.

[Source]

Repairs to Darmaraja-Wado Ring Road Completed Before Eid

PPS - The Jatigede Ring Road section from Darmaraja-Wado has begun repairs and is targeted for completion before Eid. "Good news for residents of the Darmaraja-Wado community. The Jatigede Ring Road for the Darmaraja-Wado section has begun to be surveyed and next week it will be repaired," said Acting. Regent of Sumedang, Herman Suryatman, Sunday (31/3/2024). He said that the improvement of the Darmaraja-Wado road was the result of synergy between the West Java Provincial Government and the Sumedang Regency Regional Government. "This is a form of synergy between the Regional Government, district and province," he said. He also targets that before Eid, the road section has been repaired and can be used for homecoming. "God willing, before Eid, the road work will be completed and it can be used for homecoming trips to the Sumedang area, especially those going home to Darmaraja, Wado and Jatinunggal. We ask for prayers from the people of Sumedang," he said. He added that the road infrastructure development for Wado District from the 2024 APBD reached IDR 1.8 billion. "The budget includes rehabilitation of the Pasirpadang-Ganjaresik road section Rp. 1.36 billion, improvement of the Buter-Sukanyiru road Rp. 309 million more and reconstruction of the Ciheulang-Galemo strategic road section (TPT and drainage channels) Rp. 135 million more," he said. Meanwhile, Herman continued, the total allocation for road construction or maintenance in 2024 for Sumedang Regency is IDR. 57.732 billion. "The target percentage level for the condition of the Regency's roads, which means good and moderately damaged, in 2024 is 91.5 percent. After previously reaching 88.24% in 2023," explained Acting. Regent. [*] (SOURCE)

Apr, 01 2024

Investment Flows Strongly, Dedi Mulyadi Confident Job Opportunities Will Grow

RMOLJABAR West Java Governor Dedi Mulyadi is optimistic that West Java's employment situation will begin to improve in 2026. This confidence stems from the rapid influx of large-scale investments that will soon be realized and are projected to create thousands of new jobs. According to data from the 2025 Investment Activity Report (LKPM), 31 Foreign Direct Investment (PMA)-based industries and 21 Domestic Direct Investment (PMDN)-based industries will begin construction of new factories and businesses in 2026, each with an investment value exceeding IDR 100 billion. Some of the largest foreign investors are in the electric vehicle sector and its supporting industries, such as BYD Auto Indonesia, Contemporary Amperex Technology Indonesia Battery (CATL), and VinFast Automobile Indonesia. The entry of these global companies further solidifies West Java's position as a key hub for the development of the national electric vehicle ecosystem. In addition to the automotive industry, investment is also flowing into the consumer goods and pharmaceutical industries through the expansion of Unilever Indonesia, Shell Manufacturing Indonesia, Epic Medical Solutions, and other pharmaceutical raw material and medical device manufacturers. The textile and footwear sector also remains attractive, with investors such as Changshin Reksa Jaya, Victory Chingluh Indonesia, and Sing Wealth Textiles. On the domestic investment side, strengthening activity is also reflected in 21 domestically invested companies scheduled to begin operations in 2026. These investments span the food and beverage, automotive, building materials, chemicals and plastics, textiles, and construction and manufacturing support industries. Several local companies with significant investments include Indofood CBP Sukses Makmur, Handal Indonesia Motor, National Assemblers, and Polytama Propindo. Meanwhile, in the building materials and construction sector, investments are being made by Wijaya Karya Industri & Konstruksi, Jaya Beton Indonesia, and Pan Asia Jaya Abadi. Dedi Mulyadi stated that the growth of these new industries will have a direct impact on job recovery in West Java, including reducing the number of workers previously affected by layoffs. "Those 15,000 jobs will be recovered in the future with the growth of new jobs," said Dedi Mulyadi in Bandung on Monday, December 22, 2025. According to Dedi, employment issues have often been hampered by licensing obstacles. Therefore, the active role of local governments is key to ensuring investment is not held back and that job creation plans can proceed on target. "If the governor isn't diligent in orchestrating the process, going down to the grassroots level, processing permits, it will escalate to meeting with the minister," he said. He believes that employment dynamics always present both challenges and opportunities. "So, yes, some will stall, but there is also room for entry," he said. Meanwhile, the Head of the West Java Industry and Trade Office, Nining Yuliastiani, added that the realization of this investment will have a significant multiplier effect, from job creation, increasing public purchasing power, to strengthening the regional industrial structure. "With the majority of projects targeted to begin operations in 2026, West Java is projected to remain a major contributor to national investment in the coming years," said Nining. Nining stated that the contributions of the industrial and trade sectors until the third quarter of 2025 showed relatively stable conditions, with varying dynamics in each sector. The industrial sector remains the main contributor, while the trade sector plays a supporting role in distribution and consumption activities. In the first quarter, the industrial sector's contribution was recorded at 40.29 percent, while the trade sector contributed 14.70 percent. This achievement reflects stability at the beginning of the year, with industrial production and trade activities continuing despite still being in a phase of adjusting programs and economic activities. Entering the second quarter, the industrial sector's contribution decreased slightly to 40.06 percent, in line with the trade sector's contribution, which decreased to 14.37 percent. This relatively small decline reflects economic challenges and fluctuations in demand, but does not disrupt the overall stability of the two sectors. In the third quarter, the industrial sector's contribution increased again to 40.94 percent, indicating improved production activity and optimization of industrial development programs. Meanwhile, the trade sector's contribution remained relatively stable at 14.38 percent, indicating a recovery and sustained distribution and trade transaction activity. "Overall, the contribution and investment realization of the industrial and trade sectors from the first to the third quarter of 2025 reflect the resilience of the industrial sector and the stability of the trade sector, which serve as the foundation. [SOURCE]

Dec, 23 2025

OJK Cirebon Encourages Students to Love Saving and Investment

Growing awareness of saving and investing, the Cirebon Financial Services Authority (OJK) held an education for students and students in Ciayumajakuning at the peak of Indonesia Saving Day 2024. The activity was held at the Cirebon Representative Office of Bank Indonesia (KPw BI), Monday, August 12, 2024. This activity was attended by the Head of Bank Indonesia Cirebon Representative Anton Pitono, Head of the Indonesia Stock Exchange West Java Representative Office Achmad Dirgantara and Mandiri Sekuritas Cirebon Representative. The participants were more than 200 students who are members of the Management and Members of the Indonesia Stock Exchange Investment Gallery (GI BEI), the Indonesia Stock Exchange Sharia Investment Gallery (GIS BEI), Generasi Baru Indonesia (GenBI), and the Indonesia Stock Exchange Education Investment Gallery (GIE BEI) in Ciayumajakuning. Head of OJK Cirebon, Agus Muntholib said that the peak of Indonesia Saving Day (HIM) Year 2024 was held in conjunction with the National QRIS Week. The theme taken was Ngobrol Investasi yang Cuan, Aman, dan Damai (ROTI CANAI). Through this activity, OJK Cirebon together with all stakeholders continue to encourage increased financial literacy and inclusion, especially in the field of Capital Markets to groups of students and students to foster awareness of saving and investing for the future. "OJK Cirebon continues to educate to improve financial literacy or understanding of the younger generation of the benefits and risks of financial products and services." "So that they become capable consumers, feel the benefits of using financial products and services, and can use financial products and services to create added value," he said. From January to mid-August 2024, OJK Cirebon has conducted 57 financial education activities in Ciayumajakuning with a total of 20,114 participants. Financial inclusion in the form of opening Student Savings (SimPel) accounts for the Semester 2 period in 2024 amounted to 1,329,286 accounts with a nominal value of Rp294.54 billion. Currently, the younger generation is faced with financial digitalization that moves exponentially with very open information flows. For this reason, OJK will continue to educate the younger generation so that they are not easily trapped in schemes and various modes of illegal investment and online gambling. "We are committed to continuing to eradicate illegal entities such as illegal online loans, online gambling, illegal investments, and other illegal entities through synergy and collaboration with members of the PASTI Task Force and the Online Gambling Eradication Task Force," he explained. Meanwhile, Head of Bank Indonesia Cirebon Representative, Anton Pitono on the occasion said that synergy and collaboration like this is expected to increase financial literacy and inclusion in improving people's welfare and supporting regional economic growth. "Bank Indonesia always supports inclusive finance, economy and digital finance, one of which is through the innovation of the QRIS digital payment system," he said. SOURCE

Aug, 14 2024

The Mining Sector Plays a Role in Driving West Java's Economic Growth

PORTALJABAR, KAB. BANDUNG BARAT - Investment is a vital indicator of a region's economic growth. Currently, West Java Province has become a very attractive investment destination, realization in the last five years has been more than IDR 800 trillion and the record in 2023 will reach IDR 174.6 trillion. This was stated by Acting Governor of West Java Bey Machmudin through the Governor's Expert Staff for Economics and Development Dodo Suhendar at the opening of the 2023 West Java Mining Forum (WJMF) at the Mason Pine Hotel, West Bandung Regency, Tuesday (12/12/2023). "Every investment realized per IDR 1 trillion can absorb 1,000 people so that with an investment of IDR 174.6 trillion we can absorb a workforce of around 174,000 people," said Dodo. High investment in West Java also has an impact on increasing economic growth. Last year West Java's economic growth was the best in Java, growing 5.45 percent. "In the second quarter of 2023, West Java's economic growth will be above the national average, namely 5.17 percent," he said. West Java is also one of the provinces that has abundant natural resources and is trusted to receive the development of national strategic projects. "Starting from the need for development materials, with West Java's abundant natural resource potential, mining is a vital sector," said Dodo. "West Java also plays an important role in the realization of investment, supporting sustainable development of infrastructure and industry in West Java. "For example, PSN developments that have been realized in West Java include the Whoosh Fast Train project, West Java Kertajati International Airport, Cisumdawu Toll Road, and Patimban Port," he added. Apart from that, the mining sector also creates job opportunities for the people of West Java, helping to reduce the unemployment rate. "Revenue from the mining sector can also be used to finance other development programs, such as education and health," he said. The West Java Provincial Government also encourages innovation in environmentally friendly mining technology. According to Dodo, using the latest technology can help reduce the negative impact of mining on the environment, while increasing efficiency and productivity in this sector. "I also appeal to all mining business permit holders in the West Java region to be able to carry out mining business activities in accordance with the rules of good mining engineering," ordered Dodo. Head of the West Java Energy and Mineral Resources (ESDM) Service, Ai Saadiyah Dwidaningsih, said that WJMF 2023, which has the theme "Sustainable Mining For A Better Mining Future In West Java", was carried out in order to capture the aspirations of all relevant stakeholders, form synergy and increase harmonization in supporting good mining management in West Java. "WJMF 2023 is a forum created to build the commitment of mining sector stakeholders in achieving SDG'S (Sustainable Development Goals) as well as evaluating the implementation of regulations and policies that have been delegated to ensure that mining activities are carried out in compliance with environmental and social standards," said Ai. Meanwhile, Chairman of Commission IV of the West Java DPRD, Cucu Sugyati, appreciated the West Java Provincial Government through the ESDM Service for organizing this forum. WJMF 2023 is a series of annual activities of the West Java ESDM Service, which started with the West Java Energy Forum (WJEF) on 26 June 2023 at the Bank Indonesia Representative Office, then the West Java Geology Forum (WJGF) on 16 November in Bandung Regency, and as closing, namely WJMF 2023. After the opening, the event continued with the signing of a joint agreement by representatives of Mining Business License (IUP) holders as a form of commitment to implementing good mining governance by all IUP holders in West Java. After that, there was a presentation delivered by the Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance and the Assistant Deputy for Mining of the Coordinating Ministry for Maritime Affairs and Investment, then a discussion panel featuring speakers from government, law enforcement, academics, associations and business actors. (SOURCE)

Jan, 10 2024

PT PII Guarantees the Legok Nangka TPPASR Project, West Java

The West Java Provincial Government, through PT Jabar Environmental Solutions (JES), officially signed a guarantee agreement with PT Penjaminan Infrastruktur Indonesia (Persero) or PT PII on Thursday (June 4, 2026) for the Legok Nangka Regional Waste Processing and Final Disposal Site (TPPASR) project. This guarantee from PT PII aims to boost investor confidence in infrastructure projects in the environmental sector, which are known to be highly complex both technically and financially, as reported by Suara. Providing this guarantee is a crucial strategy to strengthen the project's viability in the eyes of banks. The scheme is expected to attract private sector involvement in developing sustainable waste management infrastructure in the region. The Legok Nangka TPPASR Public-Private Partnership (PPP) project marks a new milestone in PT PII's portfolio. This signing marks the first PPP project in 2026 and is the first waste sector project to receive a guarantee from the institution. "This project can reduce waste generation, improve the quality of waste management services, and create added value from the conversion of waste into energy," explained Andre Permana, Acting President Director of PT PII. The Legok Nangka Waste Management Facility (TPPASR) is designed to accommodate and process waste from various areas, including Bandung City, Bandung Regency, Cimahi City, West Bandung Regency, Garut Regency, and Sumedang Regency. The total capacity of this infrastructure is capable of reaching 2,131 tons per day. The local government hopes that this project will address the crucial issue of regional waste accumulation. This new infrastructure is projected to be a long-term solution to the limited capacity faced by existing final disposal facilities. "I appreciate PT PII's role in providing a government guarantee for this project, as this provides a strong foundation to ensure the project runs according to its commitments," said Dedi Mulyadi, Governor of West Java. The application of waste-to-energy technology at the Legok Nangka TPPASR is claimed to reduce waste volume by up to 85 percent. In addition to reducing waste accumulation, this modern facility is also projected to produce up to 40.79 MW of electricity for the Greater Bandung area and its surroundings. [SOURCE]

Jun, 12 2026

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