News - Bey Commitments to Increase Cirebon Rattan Exports

Bey Commitments to Increase Cirebon Rattan Exports

Jan, 11 2024

PORTALJABAR, KAB. CIREBON - Acting Governor of West Java Bey Machmudin is committed to increasing exports of Cirebon rattan products to various countries in Asia and Australia. This became known after exports of rattan products in 2023 decreased due to the impact of the Russian-Ukrainian war.

"Our rattan exports in 2023 will decrease compared to 2022. I hope it will increase again this year, we will look for markets in other countries," said Bey when met after inspecting rattan production at the Cirebon Rattan Industry Development Service Unit, Tegalwangi Village, Wednesday (3/1/2024) . Bey said that apart from looking for new markets, rattan products would be further developed.

"This must be further developed in the future because this is one of our superior products, so there must be more product diversification," he said. Bey said that the prospects for typical Cirebon rattan products so far are very good. On average, rattan that is exported is processed into furniture products.

"The prospects for rattan are very good, and this is one of West Java's superior products that has been around for decades," he said.

During the inspection at the Service Unit under the Processed Food and Packaging Industry UPTD of the West Java Industry and Trade Department, workers who were local residents were seen producing rattan into chairs, tables, cupboards and wickerwork.

Cirebon Regency has long been known as an exporter of processed rattan. Tegalwangi Village in Weru District even has a Galmantro Rattan tourist village, where almost all the residents are rattan craftsmen.

"The rattan industry here (Tegalwangi) has been around for a long time," said Bey.

(SOURCE)

IHSG Drops, West Java Chamber of Commerce Remains Optimistic Investment Climate Will Continue to Improve

TRIBUNJABAR.ID, BANDUNG - The West Java Chamber of Commerce and Industry (KADIN) remains optimistic that investment value in West Java will continue to increase, even though the Composite Stock Price Index (IHSG) has experienced a decline. This belief is based on the continued entry of investors into various sectors in West Java, including the construction of a new factory in Purwakarta. This was conveyed by the Chairman of the West Java Chamber of Commerce and Industry, Almer Faiq Rusyidi, at a breaking-of-the-fast event in Bandung City. According to him, fluctuating capital market conditions do not necessarily hinder investment interest, especially in the manufacturing, infrastructure, and creative industry sectors that continue to grow rapidly in this region. "Investors still see West Java as a potential area. One proof is the construction of a new factory in Purwakarta, which shows the business world's confidence in the investment climate here," said Almer. He also emphasized that factors such as continuously improving infrastructure, pro-investment local government policies, and competitive human resources are the main attractions for investors. In addition, digitalization in the economic sector also increases efficiency and ease in investing in West Java. In the future, KADIN Jabar is committed to continuing to collaborate with the government and business actors to create a conducive investment ecosystem. "We will continue to support policies that accelerate investment, so that West Java remains a prime destination for investors, both domestic and foreign," he added. With this positive trend, it is hoped that West Java can continue to be the driving force of national economic growth, while also providing a broader impact on people's welfare. [SOURCE]

Apr, 09 2025

Investment Increases. BI Calls West Java Successful in Creating a Harmonious Investment Climate

Bandung, Sonora.ID - In 2023, the investment value in West Java will increase quite significantly, namely IDR 210.6 trillion, or an increase of 112 percent from the target set by the Ministry of Investment. This also had a significant impact on the economy of West Java, along with the total employment of 253,424 people, with the number of Investment Activity Reports (LKPM) amounting to 94,469 LKPM. With these achievements, coupled with maintained household consumption and the performance of leading economic sectors, West Java's economic growth in 2023 will grow by 4.7-5.5% (yoy). Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate was the key to realizing West Java investment soaring in 2023. "There is a necessary condition in creating a conducive and trustworthy investment climate for investors," said Bambang after being a resource person at the Bewara West Java (Beja) event at Gedung Sate, Bandung City, Tuesday (30/1/2024). Apart from that, continued Bambang, high investment realization also plays an important role in encouraging West Java's economic growth in line with the Incremental Capital Output Ratio (ICOR) value which is relatively stable from year to year. According to him, policy makers and stakeholders in West Java need to make various proactive and innovative efforts in identifying potential projects that are currently of interest to foreign investors, especially for potential investors who are looking for safe and comfortable investment fund placement options. Meanwhile, Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, at the opening said, the positive achievement of West Java investment was the result of synergy, commitment and support from all parties, including the West Java Provincial Government together with Bank Indonesia West Java. "This achievement also gives a message to the public that investment is one of the driving forces of the economy in West Java. However, in the future, the realization of this superior investment, in addition to competitive ones such as the West Java International Airport, requires efforts to be made evenly distributed throughout the region. West Java," said Taufiq Budi. According to Taufiq Budi, this is also in line with the investment distribution map in West Java which is concentrated in the northern part such as Kab. Bekasi (25%) to Kab. Karawang (22%). Welcoming 2024, West Java Province is optimistic about achieving the national investment realization target which is set to increase by 17.9%. In achieving this target, synergy between stakeholders regarding investment in West Java will be increasingly strengthened. Furthermore, downstream policies are also directed at industries based on regional potential and leading sectors in order to create more jobs and increase the competitiveness of MSMEs in the global value chain. With investment performance and support from domestic demand remaining strong in line with increasing community mobility and the high multiplier effect of the political year on the aggregate economy, West Java's economic growth in 2024 is predicted to remain high and be in the range of 4.9% - 5.7% ( yo). (SOURCE)

Feb, 02 2024

The West Java Provincial Government is Optimistic About Economic Growth Reaching 6 Percent

KBRN, Bandung: The West Java Provincial Government (Pemprov) is optimistic that its economic growth rate can reach 5.5 to 6 percent in 2026. This was conveyed by the Regional Secretary (Sekda) of the West Java Provincial Government, Herman Suryatman, in a press statement on Saturday (December 27, 2025). According to him, this optimism is based on the numerous development activities, particularly infrastructure, expected in 2026. This will result in increased investment and strengthened production activities. "Currently, our LPE is above the national average of 5.2 percent. Next year, we are optimistic that it can reach 5.5 to 6 percent," he said on Saturday (December 27, 2025). He also stated that the benefits of the infrastructure development being accelerated will begin to have a significant impact in 2026, accompanied by increased employment and industrial production capacity. "With solidity across all components and strong leadership, this is reflected in Governor KDM's strong leadership in accelerating development in West Java," he said. Herman added that West Java's provincial revenue realization has reached between 85 and 90 percent of the target. He is confident that by the end of 2025, the figure will reach above 95 percent, as will West Java Provincial Government spending. He also mentioned that West Java is experiencing a foreign trade surplus, also known as exports. The West Java Statistics Agency (BPS) recorded West Java's exports in October 2025 at USD 3.36 billion, a 2.69 percent increase compared to USD 3.27 billion in September 2025. "Cumulatively, West Java's exports from January 2025 to October 2025 increased by 2.31 percent compared to the same period in 2024. This indicates a positive trend for the West Java economy," he said. [SOURCE]

Dec, 29 2025

Bekasi Regency Wins Highest Investment Realization in West Java Province in 2023

CIKARANG PUSAT - The Bekasi Regency Government through the One Stop Integrated Services and Investment Service (DPMPTSP) released data on investment realization for Bekasi Regency per quarter III from January - September 2023. From this data, Bekasi Regency still received the title as the region with the highest investment realization in West Java Province, namely worth more than IDR 41.5 trillion. Or to be precise IDR 41,586,299,607,234. Meanwhile, in second place are Karawang Regency and Bogor Regency. Head of the One Stop Integrated Services and Investment Service (PMPTSP) Suhup stated that Bekasi Regency is still the champion at the provincial level in terms of investment realization. Suhup is optimistic that the target given by the West Java Provincial Government in realizing investment in Bekasi Regency of IDR 50 trillion in 2023 can be realized. "To get to the third quarter, we have reached IDR 41.5 trillion. This is extraordinary. In West Java we are still champions. Still far from other cities which are in positions 2 and 3," said Suhup in his office on Tuesday (31 /10/2023). He said that his optimism was not without reason, but because he saw that the investment climate in Bekasi Regency was very good, which encouraged investors to invest in the Bekasi Regency area. Apart from that, efforts to record investment coming into Bekasi Regency are also continuously carried out by companies. "In 2023, Bekasi Regency is targeting approximately IDR 50 trillion. Now the data released by BKPM has been released for the 3rd quarter. According to the target from this province, hopefully by the end of 2023 it can be achieved and we are optimistic, because to this day, investors are interested in come and invest still large capital," he said. According to him, DPMPTSP always urges these investors to continuously report on investments made in Bekasi Regency so that investment realization data collection continues to be updated. He also explained that the highest investment realization for foreign capital was occupied by Japanese investors. "So, Japan has the largest foreign capital. That's almost IDR 10.2 trillion. Second, Singapore is almost IDR 4.7 trillion. Then China is almost IDR 3.9 trillion, then South Korea is almost IDR 2.2 trillion," he said. Responding to the high realization of investment in Bekasi Regency, Suhup hopes that this will be accompanied by more optimal absorption of local labor. However, residents of Bekasi Regency must be able to compete to have skill standards determined independently by existing companies. "That's why we hope that the high realization of this investment will absorb local workers, but companies already have qualification standards to accept workers, this is something we must strive for together," he concluded. From the data released regarding this realization achievement, it is calculated from Foreign Direct Investment (PMA) and Domestic Investment (PMDN) up to the third quarter from January - September 2023. In detail, PMA investment is IDR 27.1 trillion while PMDN is IDR 14.4 trillion. Meanwhile, the highest business sector is occupied by housing, industrial areas and offices, valued at IDR 6.9 trillion, then the motor vehicle industry and other means of transportation sector at IDR 6.5 trillion. In third place is the Metal, Machinery and Electronics Industry sector with IDR 5.4 trillion. Of these three sectors, the first sector absorbs 9,144 workers, the second, 4,302 workers and the third sector 3,409 workers. Then, if we calculate the labor absorption in West Java Province, Bekasi Regency has absorbed around 37,175 workers, while below it is Karawang Regency with 26,125 workers, and Bogor Regency with 23,547 workers. From PMA it absorbs 21,730 workers, and from PMDN it absorbs 15,445 workers. (SOURCE)

Nov, 27 2023

MG Invests IDR 110 Billion to Make Battery Assembly, Will Electric Car Prices Be Cheaper?

JAKARTA - MG Motor Indonesia emphasized its commitment to strengthening the electric vehicle market in Indonesia. This commitment was realized through the inauguration of the electric car battery assembly facility built with UABS Indonesia. The assembly facility is located in Greenland International Industrial City (GIIC), Kota Deltamas, Cikarang, Bekasi, West Java. To realize this assembly line, the two companies injected investment worth IDR 110 billion. "UABS investment reached 50 million yuan or around IDR 110.8 billion. We also see that President Prabowo really supports renewable energy. I am sure that Mr Prabowo can encourage the government to accelerate the development of energy and electric vehicle batteries in Indonesia," said Guo Junhua, Managing Director UABS Co. LTD, at the inauguration ceremony in Cikarang, West Java, Tuesday (4/11/2024). This collaboration gave birth to a battery pack factory called PT Unified Advanced Battery System Indonesia (UABS). The factory shares are controlled by SAIC-CATL with a composition of 67 percent (SAIC 51 percent and CATL 49 percent), while the other 33 percent is owned by the Kentjana Group. As an initial stage, the UABS factory will assemble batteries for Morris Garage (MG) vehicles which are under SAIC. This assembly process uses battery components supplied directly from CATL. Currently, the domestic content level (TKDN) for these batteries is still around 10 percent, but this will continue to be increased over time. MG Motor Indonesia hopes that battery assembly in Indonesia can provide great benefits for consumers, especially in after-sales service. The existence of this factory will speed up the repair process if damage occurs to the electric car battery. "The existence of this factory will be very helpful if the battery malfunctions or is damaged. Repairs will be much faster because the components are already available here," said He Guowei, CEO of MG Motor Indonesia. Will MG Electric Car Prices Decrease? With the battery assembly collaboration between MG Motor Indonesia and PT UABS Indonesia, the question arises as to whether this step will reduce the price of MG electric cars in Indonesia. Currently, MG offers two electric car models, namely the MG4 EV and MG ZS EV, each of which is priced at around IDR 400 million. He Guowei, CEO of MG Motor Indonesia, stated that this assembly facility will indeed simplify the production process and reduce operational costs. "There is a positive impact on production costs which can make our car prices more competitive than before," said Hu Gouwei in Cikarang, West Java. However, the man who is familiarly called Alec emphasized that despite cost efficiencies, MG will not reduce the prices of the MG4 EV and MG ZS EV in the near future. He explained that price reductions can affect the perception of product value in the eyes of consumers. "Consumers definitely like price wars, but all brands have their own calculations. If the price goes down, the value of the product could also decrease in the eyes of consumers. For now, we will not reduce prices, even though this is one of consumers' hopes," explained Alec. This locally assembled battery is planned to be used in the latest MG model which will be launched in Indonesia. This facility allows MG to offer electric cars at more competitive prices. "This factory will make our products more competitive. We will use these batteries for our new products, thereby increasing the value and competitiveness of products, not only in terms of price, but also quality," added Alec. MG also plans to launch a number of new electric car models in the near future. With this facility, MG is optimistic that it can reduce the overall selling price of their electric vehicles. (SOURCE)

Nov, 15 2024

Navigation