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BDO Indonesia and West Java Government Sign MoU to Strengthen ESG and Investment Facilitation

Mar, 04 2026

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BDO Indonesia, one of the world’s largest global networks of public accounting, tax, and advisory firms, has officially signed a Memorandum of Understanding (MoU) with the West Java Provincial Government. The signing ceremony took place at the West Java Governor’s Office, Gedung Sate in Bandung, marking an important milestone in strengthening collaboration between the public and private sectors to promote the implementation of Environmental, Social, and Governance (ESG) principles while improving investment facilitation and attractiveness in West Java.

 

The event was attended by West Java Governor Dedi Mulyadi, Head of the Rebana Metropolitan Management Agency Helmi Yahya, CEO of BDO Indonesia Thano Tanubrata, as well as representatives from the West Java Provincial Government and other regional stakeholders. The presence of these leaders reflects a shared commitment to advancing regional economic transformation through good governance, transparency, and sustainable development principles.

 

Through this partnership, BDO Indonesia will act as a strategic ESG partner for the West Java Provincial Government and companies operating in the region, particularly within the Rebana Metropolitan Area. The collaboration will include ESG capacity building, sustainability strategy development, and the strengthening of corporate governance to align with international standards.

 

In addition to supporting ESG implementation, BDO Indonesia will also assist the provincial government in enhancing the investment climate in West Java. This support includes helping create a more transparent, efficient, and competitive investment ecosystem to attract both domestic and international investors. The partnership is expected to ensure that investment processes in the region become more effective while generating meaningful economic benefits for local communities.

 

In his remarks, West Java Governor Dedi Mulyadi highlighted that the Rebana Metropolitan Area—covering Cirebon, Subang, Majalengka, and Kuningan is one of the most strategic regions for future economic development. The area is supported by major infrastructure projects such as the Cisumdawu Toll Road, Cipali Toll Road, and Patimban Port, which are expected to serve as new logistics hubs in West Java.

 

“The Rebana area is strategically integrated with major infrastructure. Our vision is to develop it into a new industrial growth center that brings prosperity to the people of West Java while preserving environmental sustainability. Industries must grow rapidly, but environmental balance must always be maintained,” said Dedi Mulyadi.

 

He also emphasized that West Java’s economic development is grounded in Sundanese local wisdom, particularly the philosophy of Silih Asah, Silih Asih, Silih Asuh, which promotes mutual learning, mutual care, and mutual guidance as the foundation for inclusive and sustainable development.

 

Meanwhile, Head of the Rebana Metropolitan Management Agency Helmi Yahya highlighted the importance of global collaboration in attracting high-quality investments to West Java. According to him, partnerships with international institutions such as BDO Indonesia will strengthen investor confidence while improving investment governance standards across the Rebana region and the province as a whole.

 
 
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The Ministry of Investment has issued 7 million NIB via OSS throughout 2023

KONTAN.CO.ID - JAKARTA. Ending 2023, the Ministry of Investment/Investment Coordinating Board (BKPM) has issued 7,146,105 Business Identification Numbers (NIB) through the Online Single Submission (OSS) system.   The composition of the published NIB consists of 6,887,479 micro businesses, followed by small businesses with 187,402 NIBs, then 23,350 NIBs for medium businesses, and 47,874 large businesses.   Special Staff and Spokesperson for the Ministry of Investment/BKPM Tina Talisa expressed her appreciation to all business actors who have processed business permits through the risk-based OSS system. This system is an implementation of the Job Creation Law to provide ease of doing business.   “Thank you to Indonesian business actors who are very cooperative. This completely online NIB management cannot run without the willingness and understanding of business actors. The MSEs (micro and small businesses) who dominate the issuance of NIB are truly extraordinary. "We also received a lot of input from business actors to improve the OSS system to make it more user friendly," said Tina in her official statement, Monday (1/1).   Tina added that the number of NIBs issued through the OSS system will experience a significant increase in 2023. It has been recorded that more than 2 million NIBs have been issued since the 2nd anniversary of the risk-based OSS system in August 2023. For comparison, throughout 2022 the OSS system issued 2,461,775 NIBs. This means that in the last 5 months it could almost match the NIB issuance in 2022.   "We interpret this achievement as a form of awareness among business actors to become formal and a form of increasing trust in the government. "As long as there is an internet connection, business people can take care of NIB from wherever they are, no longer need to come to the DPMPTSP (One Stop Investment and Integrated Services Service) office to meet lots of officers and lots of tables," said Tina.   Tina also does not deny that consultation services, both face-to-face and digital, are always needed. This is to help handle questions and/or technical obstacles encountered by business actors.   “Currently, OSS issues an average of 13 to 15 thousand NIBs every day. In fact, at certain times it can be more than 50,000 NIB in a day. Meanwhile, the contact center usually receives around 500 telephone calls, a thousand WhatsApp messages and a thousand emails per day. This means approximately 15% of the total NIB issued. "So actually, most business actors can process it independently until the NIB is issued," he explained.   As of December 29 2023, the five provinces with the most NIB issuance were West Java 1,276,268 NIB, East Java 1,101,689 NIB, Central Java 835,287 NIB, DKI Jakarta 596,518 NIB, and Banten 347,456 NIB.   (SOURCE)

Jan, 12 2024

Pursuing Operation of Giant Hydropower Project in West Java, PLN Coordinates TKDN Issue

The State Electricity Company (PLN) is targeting the giant Upper Cisokan Hydroelectric Power Plant (PLTA) project in West Java to be commercially operational by 2028.   The execution of this project has recently been delayed even though PLN has secured loans from the Bank for Reconstruction and Development (IBRD) and the Asian Infrastructure Investment Bank (AIIB) in 2022.   The reason is that the international creditor loans are hampered by the domestic component level (TKDN) clause mandated by the Ministry of Industry.   “Currently, PLN continues to coordinate with the Coordinating Ministry for Maritime Affairs and Investment, the Ministry of Energy and Mineral Resources, and the Ministry of Industry to resolve issues related to TKDN,” said Executive Vice President of Corporate Communications and TJSL Gregorius Adi Trianto when confirmed by Bisnis, Wednesday (24/7/2024).   Greg said the project with an investment value of US$850 million has entered the procurement stage. He targets the project to be operational in 2028.   On the other hand, he said, his company is also coordinating with relevant ministries and institutions to resolve TKDN issues in a number of new renewable energy (EBT) projects that use foreign grant loans (PHLN).   “The Upper Cisokan PS project uses loan funds from the Asian Infrastructure Investment Bank (AIIB) and also the World Bank,” he said.   This water-based power plant will have a power capacity of 4 X 260 megawatts (MW), located on the border of West Bandung and Cianjur regencies, West Java.   The project has received a loan facility from IBRD, which is part of the World Bank Group with total funding of US$380 million. In addition, there is also US$230 million funding from AIIB in the form of co-financing with the World Bank with a similar scheme.   PLN received an interest rate with a long tenor of 24.5 years.   The Cisokan hydropower plant was built using Roller Compacted Concrete (RCC) where the upper and lower dams utilize the water resources of the Cisokan River, which is a tributary of the Citarum River.   PLN will first build a dam from upstream to downstream as well as 27 kilometers of electrical infrastructure along the river.   Through pumped storage technology, when the electricity load is at peak, this hydropower plant can flow the water discharge system so that it can rotate the turbine and provide additional electricity supply. Meanwhile, when the Java Bali electricity load is down, this hydropower plant can immediately restore water discharge through the tunnel.   As previously reported, the Ministry of Energy and Mineral Resources (ESDM) is convincing a number of multilateral lenders to channel loans to new and renewable energy (EBT) projects in Indonesia.   Funding commitments from international lenders have recently stalled due to the issue of clauses to fulfill TKDN provisions.   Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources Eniya Listiani Dewi said that she had convinced a number of lenders about the current changes in domestic TKDN regulations.   “We have announced yes, meaning sharing with various investment funding lenders that there are improvements in the regulations,” Eniya said when confirmed, Thursday (07/18/2024).   Meanwhile, the regulatory improvement is related to the government's decision to separate the TKDN of EBT projects which will be regulated by the Ministry of Energy and Mineral Resources from the TKDN of components or goods which are under the authority of the Ministry of Industry.   Eniya said that the regulation at the level of ministerial regulation (Permen) of ESDM which regulates the TKDN of EBT projects has been harmonized recently.   The Ministry of Energy and Mineral Resources revealed that there are 14 EBT power plant projects that are constrained by funding due to the polemic over the clause of fulfilling the TKDN provisions.   Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion.   The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW).   Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN.   The ten projects that have stalled in negotiations include the Bakaru 1 hydropower plant (126 MW), Bakaru 2 hydropower plant (140 MW), Kalibumi Minihydro Power Plant (6.35 MW), Lapai 1 hydropower plant (5.31 MW), Riorita hydropower plant (2.5 MW), Dieng 2 hydropower plant (55 MW), Patuha 2 hydropower plant (55 MW), and Masang 2 hydropower plant (44 MW).   SOURCE

Jul, 25 2024

Bey Machmudin: Purwakarta is a Leading Area for Industrial Investment in West Java

Purwakarta is one of the leading areas in the field of industrial investment in West Java.   This was said by the Acting Governor of West Java, Bey Machmudin, when attending the Plenary Meeting for the 193rd Anniversary of Purwakarta City and the 56th Anniversary of Purwakarta Regency in the Plenary Room of the Purwakarta Regency DPRD Building, Saturday (20/7).   In the momentum of Purwakarta's anniversary, Bey said, the West Java Provincial Government will seriously support Purwakarta by building various infrastructure including educational facilities.   "The West Java Provincial Government will continue to be committed to the progress of Purwakarta. Such as the development of educational infrastructure," said Bey, reported by RMOLJabar, Sunday (21/7).   The theme for Purwakarta Regency's anniversary is "Steps to Build Karsa" which means that every step taken has a noble spirit of change to produce works for the progress of the nation and state.   Bey added, Purwakarta has presented impressive progress.   "Many proud achievements have been achieved, this progress shows that Purwakarta is able to compete and continue to progress," he said.   Meanwhile, the Acting Regent of Purwakarta, Benni Irwan, hopes that this will be a moment for reflection to appreciate the services of heroes in the past by providing benefits to society today.   "The commemoration of the anniversary is a momentum for all of us as a very valuable past, as a reference for the future, the present because every achievement today is the hard work of the past. So as a form of gratitude we must all be determined to keep working and provide the best for society," said Benni.   Benni also appreciated all parties who had worked together to develop Purwakarta with the aim of providing benefits to the community.   SOURCE

Jul, 25 2024

VinFast Builds Rp. 3.23 T Factory in Subang, Moeldoko Says This

Vietnamese electric car manufacturer VinFast Auto officially started construction of its first electric vehicle assembly plant in Indonesia, marked by the laying of the first stone in Subang, West Java, Monday (15/7/2024), directly by the Chief of Presidential Staff, Moeldoko. VinFast assesses that RI is one of the most promising electric vehicle markets in Southeast Asia.   The factory, which is located in a developing industrial area in Subang, was built with an initial investment of around US$ 200 million or IDR 3.23 trillion (exchange rate IDR 16,160). This factory will operate with an annual production capacity of 50,000 vehicle units and includes several main production areas such as the Body Shop, General Assembly Shop, Paint Shop and testing area, etc.   VinFast schedules this factory to start operating in Q4 2025 and will produce right-hand drive versions of e-SUV models, including the VF 3, VF 5, VF 6 and VF 7 series for the Indonesian market.   This project is expected to create thousands of local jobs, increase the number of skilled workers, and make a significant contribution to the economic and social development of local communities. Presidential Chief of Staff Moeldoko assesses that this project is also ready to have a big impact in encouraging environmentally friendly transportation in Indonesia.   "The presence of VinFast will not only have a positive impact on the regional economy, but will also open up new job opportunities and improve the welfare of the surrounding community," he said.   "The Indonesian government strongly encourages foreign investment into our country, especially in the automotive industry sector. We believe that the presence of VinFast will bring technological innovation and knowledge transfer that is much needed to increase the competitiveness of the national automotive industry," said Moeldoko.   Currently, Vinfast has launched two right-hand drive electric SUV models, the VF 5 and VF e34, opened a dealer store, and implemented a flexible sales policy including a pioneering battery subscription program. VinFast Indonesia CEO Temmy Wiradjaja stated, VinFast strives to be a pioneer of the high-tech industry in Southeast Asia with global influence.   "We are holding this groundbreaking event just a few months after VinFast officially arrived in Indonesia, this confirms VinFast's strategic expansion and competitiveness in Southeast Asia, as well as marking an important milestone in our strategy to become a leading player in one of the most promising electric vehicle markets in this region," he said.   "This project shows VinFast's long-term commitment to Indonesia, boosting the electric vehicle sector, supporting economic growth and improving the quality of life of Indonesian people," said Tommy. SOURCE

Jul, 15 2024

Head of Sukabumi City DPUTR Emphasizes the Importance of Balancing Investment and Green Open Space

PR GARUT - Head of the Sukabumi City Public Works and Spatial Planning Service (DPUTR), Sony Hermanto, stated that there are two important aspects that are interrelated, namely the provision of Green Open Space (RTH) and agricultural areas.   However, with the completion of the Bocimi toll road construction in the future, it is estimated that the investment climate in Sukabumi City will further improve along with the increasing number of investors interested in investing in the area. Sony explained that the Detailed Spatial Planning (RDTR) activity aims to accommodate various interests, including maintaining a balance between improving the investment climate and other aspects that are important for society.   "Currently, we are accommodating the aspirations of all stakeholders, including elements of the community and students, so that they can be accommodated in the preparation of the second phase of the RDTR," said Sony. He added that the expected investment in Sukabumi City is more likely to be in the service and trade sectors, such as the construction of hotels or other facilities that support the service industry. "The city of Sukabumi is very dependent on the service and trade sectors, so we have to support the development of investment in this sector. However, if it is hit by regulations that hinder it, of course this will be a challenge in itself," he explained. Sony hopes that the efforts made through RDTR and support for the investment climate can accelerate economic growth in Sukabumi City, as well as have a positive impact on the city's future development.   (SOURCE)

Oct, 08 2024

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