News - Bogor prepares new economic growth and job creation hubs in its western and eastern regions.

Bogor prepares new economic growth and job creation hubs in its western and eastern regions.

Aug, 24 2026

BOGOR REGENCY (ANTARA) – The Bogor Regency Government in West Java is preparing new economic growth hubs in its western and eastern regions to create job opportunities and reduce inter-regional disparities.

Speaking in Cibinong on Sunday, Bogor Regional Secretary Ajat Rochmat Jatnika stated that developing these new economic centers forms part of Bogor Regent Rudy Susmanto's policy to promote equitable development.

“The development of new economic hubs in West Bogor and East Bogor is part of the local government's efforts to ensure balanced development and economic growth,” he said.

According to him, economic activity in Bogor Regency has historically been concentrated in specific areas. Consequently, the local government is seeking to establish new growth poles tailored to the unique potential and characteristics of each area.

This initiative aims to ensure that residents benefit not only from physical infrastructure improvements, but also gain job opportunities and business prospects closer to home.

“In principle, it is not merely about building new zones, but about creating economic activities that directly benefit the public, generate jobs, attract investment, and enhance the value of local potential,” he noted.

He explained that developing growth hubs in West and East Bogor will be synchronized with infrastructure projects to strengthen connectivity and support economic activities.

The local government continues to rely on the Regional Spatial Plan (RTRW) as a benchmark for guiding regional development, while taking environmental capacity and infrastructure readiness into account.

“All development must strictly align with the RTRW, taking environmental carrying capacity and infrastructure readiness into consideration,” Ajat stated.

He expressed hope that spreading growth centers more evenly will narrow inter-regional gaps while establishing new economic drivers outside areas that have traditionally anchored public activity.

The Bogor Regency Government aims for investment growth and regional development to yield a direct impact on public welfare, particularly through job creation and the enhancement of local assets.

[Source]

SKK Migas targets investment in upstream oil and gas to reach US$16.1 billion

In 2024, we actually set an initial target of almost US$17 billion. However, our projection to date is at least 15-16 billion US dollars. Bandung (ANTARA) - The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) targets investment in the upstream oil and gas sector to reach US$16.1 billion this year, an increase of around 18 percent from the 2023 realization of US$13.7 billion. "In 2024 we actually set an initial target of almost 17 billion US dollars. However, our projection to date is at least US$15-16 billion," SKK Migas Deputy for Finance and Commercialization Kurnia Chairi said at the 2024 Natural Gas Forum in Bandung, West Java, Wednesday. He said investment in the oil and gas sector has experienced an improving trend in line with incentive support by the government, both in the form of fiscal and non-fiscal incentives. Referring to 2023 data, investment in the oil and gas sector was able to increase by 13 percent to 13.7 billion US dollars amid the transition of the industry from fossil energy to renewable energy. SKK Migas is optimistic that this performance shows the positive potential of the oil and gas sector. This potential has made it target the number of drilling activities to reach 799 wells this year from 322 wells in 2019. "This shows that our appetite to invest in upstream oil and gas is still very high," he said. Previously, Head of Program and Communication Division of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Hudi D. Suryodipuro said in a statement here on Thursday (13/6) that improvements in the fiscal and taxation systems provided by the government had an impact on increasing the competitiveness value of Indonesia's upstream oil and gas investment from 4.75 in 2020 to 5.30 in early 2024, according to the Standard & Poor's (S&P) International Rating Agency. Increased investment has a positive impact on exploration activities. The value of upstream oil and gas exploration investment rose from US$0.54 billion in 2020 to US$0.93 billion in 2023. The increase contributed to the discovery of gas resources such as in Geng North and Layaran, which are among the world's five largest discoveries in 2023. "With these giant discoveries in 2023 and also in 2024 at the Tangkulo-1 well in the South Andaman WK (Working Area) of 2 TCF, SKK Migas is committed to accelerating the on stream process of these discoveries, ensuring that they can immediately contribute to national oil and gas production as soon as possible," he said. To maintain this positive momentum, SKK Migas continues to evaluate the long-term plan and implement various efforts to accelerate the process. Translated with DeepL.com (free version)

Jun, 19 2024

South Korean Investment Dominates Foreign Direct Investment in Purwakarta in 2025

South Korean investment became the main highlight in foreign direct investment in Purwakarta throughout 2025, reflecting strong investor confidence in the region’s economic potential. Purwakarta recorded a significant increase in investment realization during 2025. The latest data shows the dominance of foreign investors from South Korea. This achievement confirms Purwakarta’s position as an attractive investment destination in West Java. The Investment and One-Stop Integrated Service Agency (DPMPTSP) of Purwakarta Regency reported that the total investment realization reached IDR 12.47 trillion. This figure exceeded the target of IDR 11.20 trillion. This success was supported by a conducive business climate. Purwakarta Regent Saepul Bahri Binzein highlighted the strategic role of industrial areas in the region. These industrial zones have become the main attraction for global investors, including those from South Korea who contributed the largest share of foreign investment. Purwakarta Investment Realization Exceeds the 2025 Target From January to December 2025, Purwakarta successfully recorded a very encouraging investment realization. The total investment reached IDR 12.47 trillion. This amount exceeded the initial target of IDR 11.20 trillion, or 111.36 percent of the target. This achievement indicates a positive trend and increasing investor confidence in Purwakarta’s economic potential. The investment consisted of foreign direct investment (FDI) and domestic investment (DDI). Domestic investment contributed approximately IDR 9.58 trillion. Meanwhile, foreign direct investment (FDI) contributed IDR 2.89 trillion. This strong investment realization serves as a key indicator of regional economic growth and demonstrates the effectiveness of local government policies. Dominance of South Korean Investment in Purwakarta In addition to South Korea, several other countries also invested in Purwakarta. Japan contributed IDR 435.36 billion, Singapore IDR 383.85 billion, and the Netherlands IDR 295.85 billion. The diversity of foreign investors strengthens the region’s industrial ecosystem. The dominance of South Korean investment is closely related to the attractiveness of Purwakarta’s industrial areas. Many South Korean companies see significant opportunities in the manufacturing sector and other industries, while also benefiting from the region’s strategic location. Purwakarta Becomes an Investment Magnet in West Java This impressive investment achievement places Purwakarta in fifth position among the most attractive regencies or cities for investors in West Java during the January–December 2025 period. This represents a significant improvement for the region. Regent Saepul Bahri Binzein aims for Purwakarta to rise to fourth place this year. This target is supported by the presence of several strategic industrial zones, including Jatiluhur Industrial Smart City and Purwakarta Integrated Industrial Park (PIIP). In addition, the Megatama and Cikao Park industrial areas also serve as major attractions for investors. The availability of adequate industrial infrastructure further strengthens investor confidence and demonstrates the potential for sustainable economic growth in Purwakarta. [Source]

Mar, 09 2026

Net Profit in 1Q24 Plunged 21%; BJBR Invested in Securities Reached Rp11.51 Trillion

During the first six months of 2024, PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) was only able to record a net profit of IDR 725.86 billion or a 21.11% drop compared to Semester I-2023 which amounted to IDR 920.14 billion. Based on BJBR's financial report for the period ending June 30, 2024 quoted on Sunday (4/8), the bank under the control of the West Java Regional Government was able to record revenue and sharia income of Rp7.76 trillion or grew 12.14 compared to the same period in 2023 of Rp6.92 trillion. Unfortunately, BJBR's management failed to optimize the control of interest and sharia expenses in the first half of 2024, which was recorded to swell 29.19% (year-on-year) to Rp4.47 trillion, so that net sharia income and interest became Rp3.29 trillion or fell 4.91% (y-o-y). In the first half of 2024, BJBR recorded other operating income of Rp989.27 billion or an increase of 15.1% when compared to other operating income in the same period in 2023 worth Rp859.47 billion. With other operating expenses amounting to Rp3.33 trillion in H1-2024, BJBR's operating profit amounted to Rp945.04 billion or slipped 14.8% compared to H1-2023 which reached Rp1.11 trillion. BJBR's income statement performance during the first six months of this year was further depressed by other operating expenses (net) which swelled 104.97% (y-o-y) to Rp11.95 billion, so that profit before tax in Semester I-2024 became Rp931.1 billion or fell 15.6% (y-o-y). As a result of income tax expense (net) in the first half of this year amounting to Rp160.17 billion, the profit for the year recorded by BJBR was Rp770.92 billion, or slumped 15.17% (y-o-y). The amount of profit for the year attributable to owners of the parent entity in the first semester of 2024 was IDR 725.86 billion, or a 21.11% drop (y-o-y). As of the end of June 2024, BJBR recorded a loan disbursement of Rp126.95 trillion or only grew 9.16% compared to December 31, 2023 which amounted to Rp116.3 trillion. As of June 30, 2024, total assets were recorded at IDR207.27 trillion, an increase of 10.07% (year-to-date), with cash and cash equivalents of IDR2.93 trillion, a decrease of 17% (y-t-d). The decrease in cash was influenced by the net cash flow used for investment activities amounting to Rp6.82 trillion or soared 360.81% (y-o-y), especially the placement of funds in securities which reached Rp11.51 trillion or soared 327.88% (y-o-y). As of June 30, 2024, total customer deposits amounted to Rp141.04 trillion, an increase of 10.68% (y-t-d), with total liabilities of Rp181.93 trillion, an increase of 11.22% compared to the position as of December 31, 2024 which amounted to Rp163.58 trillion. SOURCE

Aug, 05 2024

Realization of NIB Achievement in West Bandung Regency in 2024 Exceeds Target

NGAMPRAH, BBPOS - West Java Province ranks first in investment realization in the first quarter of 2024 with a PMA and PMDN investment realization value of IDR 64.7 trillion or an increase of 29.29% from 2023 in the same period. Data on NIB achievements in 2021-2023, the number of Business Identification Numbers (NIB) issued in West Java Province has reached 112.1% of the issuance target set by West Java Province in 2024, which is 1,000,000 NIBs or a total of 1,121,059 NIBs. Of the total potential for NIB issuance in West Java, there are 4,533,268 NIBs for Micro and Small Enterprises (UMK). Head of the Economic Section (Kabag) of the KBB Regional Secretariat, Deni Achmad said that the target for achieving NIB in West Bandung Regency is 41,516 NIB. "The NIB that has been issued until December 2024 is 38,787 NIB or 93.43% of the target set by West Java Province from a total of 58,216 Micro, Small and Medium Enterprises (UMK) in West Bandung Regency that have been recorded," he said, Monday (16/12/2024). He added that the facilitation is to encourage the acceleration of ease of doing business for UMKM actors in West Bandung Regency and reduce the unemployment rate, especially in West Bandung Regency. "The Economic Section of the West Bandung Regency Regional Secretariat, the Investment and One-Stop Integrated Service Office and the Cooperatives and Micro, Small and Medium Enterprises Office are helping business actors to obtain the issuance of a Business Identification Number (NIB)," he said. "We have collaborated to carry out training activities for the issuance of a Business Identification Number service which began with socialization activities and training for the issuance of a Business Identification Number (NIB) which were carried out in July at The Radiant Hotel Lembang and in August at Takashimaya Hotel Lembang," he added. He further said that the socialization activities that had been carried out targeted public service officers in 16 sub-districts and operators in 165 villages in West Bandung Regency. "It is expected to help the community to become operators of the NIB creation service in their area, in order to accelerate the target of 41,516 MSMEs with NIB in West Bandung Regency in 2024," he said. He said that the issuance of a NIB is the legality of business ownership owned by business actors. With the NIB, business actors are recorded and have the opportunity to access or obtain business development programs provided by the Government, especially regarding access to banking capital for MSMEs such as People's Business Credit (KUR). "There are various benefits for cooperatives and MSMEs to have a NIB, including, first, being able to facilitate business actors to store licensing data in one identity," he said. "Second, by having a NIB, cooperative and MSME actors get assistance to develop their business, then the third benefit is facilitating access to financing to bank and non-bank financial institutions, the capital can be used by business actors to develop their business," he added. Furthermore, the fourth benefit is facilitating empowerment from the central government, regions, and other institutions so that business actors can develop their businesses, the fifth benefit is cutting business licensing time through the presence of the Online Single Submission (OSS) system and NIB will help the business licensing process become faster and easier. "Furthermore, the sixth benefit is that by having a NIB, you will get certainty and protection in doing business in a predetermined location so that the business being run will provide confidence to carry out cooperation with other parties," he said. "Although the target for issuing NIB in West Bandung Regency has not been achieved in 2024, at least operators at the village level have been trained and understand how to serve the community in NIB issuance services and are optimistic that in 2025 West Bandung Regency can meet the target given by the provincial government," he said. (Adv) (SOURCE)

Mar, 17 2025

West Java's Economy Grows 5.73 Percent; Iwan Koswara: Ensure the Impact Is Felt by the Community

BANDUNG — West Java's economic growth in the second quarter of 2026, which surged to 5.73 percent, must deliver a tangible impact directly felt by all levels of the local community. This growth rate, standing above the national average of 5.29 percent, must not merely exist as an impressive figure on paper without concrete improvements in public welfare. The direct impact of this growth is crucial for West Java residents who currently require new job opportunities, increased household income, and targeted poverty alleviation. Without equitable distribution and optimal labor absorption, high economic growth risks triggering deeper social inequality between urban and rural areas. Promoting Inclusion and Reducing Poverty Rates Iwan Koswara, a member of Commission V of the West Java Regional House of Representatives (DPRD), commended the economic achievement as a positive signal for regional economic recovery and strengthening. However, he reminded the local government not to become complacent with macroeconomic indicators alone. "High economic growth is certainly something to be grateful for. However, what is more important is how the results of that growth can create jobs, increase public income, and sustainably reduce poverty rates," Iwan Koswara stated on Thursday, August 6, 2026. Iwan also highlighted the decline in West Java's poverty rate, which currently stands at 6.54 percent. While considering this indicator a positive development, he stressed that strengthening community empowerment programs is absolutely necessary so that residents build resilient, long-term economic fortitude. Strengthening Manufacturing and Vocational Education The manufacturing sector remains the main driving force and the largest contributor to West Java's economic growth rate. To maintain this momentum, the quality of local human resources must be continuously improved so they can compete and be absorbed by modern industries. A tactical step that the provincial government needs to accelerate is strengthening vocational education and job training programs, with curricula tailored to the actual needs of today's business world. "Commission V of the West Java DPRD will continue to push for improvements in education quality, training, and workforce competency so that the people of West Java can fill the available job opportunities," Iwan said, reiterating the legislature's commitment. Furthermore, equitable development remains an urgent task so that the benefits of growth are not solely enjoyed by residents in urban industrial areas, but also extend to remote rural communities. "Moving forward, economic growth must become increasingly inclusive. This means its benefits are felt by all levels of society, thereby continuously improving the quality of life for West Java residents," Iwan concluded. [Source]

Aug, 07 2026

Navigation