News - Cirebon OJK opens illegal investment complaint service during Ramadan

Cirebon OJK opens illegal investment complaint service during Ramadan

Feb, 20 2026

Cirebon (ANTARA) - The Cirebon Financial Services Authority (OJK) office, West Java, has opened a complaint and consultation service during Ramadan 2026 to anticipate the rise in fraudulent activities disguised as illegal investments, including those linked to an application called MBAstack Limited Company (MBA).

The Head of the Cirebon OJK, Agus Muntholib, stated in Cirebon on Thursday that the service aims to ensure the public remains protected while carrying out their activities and observing the fast.

He stated that every investment decision must be based on logic, the principle of prudence, and adequate verification of information.

"The Cirebon OJK is very concerned about the alleged fraud (using the MBA application). We remind the public not to be easily tempted by promises of large profits in a short time without clear risks," he said.

He explained that during Ramadan, people's economic needs typically increase, and this situation is often exploited by irresponsible parties to offer investments with unreasonable returns.

According to him, the pattern of illegal investment offers has now transformed through digital platforms and applications, resulting in faster spread and cross-regional reach.

Agus mentioned that in a number of cases, artificial intelligence (AI) technology is often used to manipulate presentations and testimonials to make offers appear convincing.

"We remind you that legality and business logic must be the primary foundation. Even if the person inviting you is a public figure, the public is still obliged to verify. Trust should not override caution," he said.

From January to February 13, 2026, the Cirebon OJK received 266 consultations and complaints from financial services consumers, with the majority of reports coming from the financial technology (fintech) sector, he explained.

Of these, he said, 38 complaints related to alleged investment fraud or illegal investments.

Agus said that during Ramadan, the public can contact the OJK at 157, WhatsApp at 081-157-157-157, access the official website, or visit the nearest OJK office to verify the legality of an entity and report suspected illegal financial activity.

"We remind the public to recognize the characteristics of illegal investments, including promises of guaranteed and unreasonable profits in a short time, use of multi-level recruitment schemes without clear products or services, and lack of permits from the relevant authorities," he said.

[SOURCE]

Rebana Investment Surges 57 Percent, Becoming West Java’s New Economic Magnet

The Rebana Metropolitan Area has strengthened its position as a new economic growth hub in West Java after recording a significant surge in investment realization throughout 2025. Total investment in the region reached Rp33.67 trillion, representing an increase of 57.67 percent compared to the previous year. This impressive growth highlights Rebana’s emergence as one of the most attractive investment destinations in Indonesia. The Rebana region, which covers Subang, Indramayu, Cirebon, Majalengka, Kuningan, and Sumedang, is now becoming a major driver of economic expansion in the northern corridor of West Java. Overall, the area contributes approximately 11.3 percent to the total national investment entering Indonesia through West Java. This achievement underscores Rebana’s strategic role in strengthening regional competitiveness and supporting national economic development. West Java Governor Dedi Mulyadi stated that Rebana’s main advantage lies in its strong infrastructure integration. The region is connected to major infrastructure networks including the Cisumdawu Toll Road, Cipali Toll Road, Patimban Port, and Kertajati International Airport. This connectivity significantly enhances the region’s attractiveness to both domestic and international investors. “Rebana is the most strategic region. It is integrated with the Cisumdawu and Cipali toll roads, access to Patimban Port, and supported by Kertajati Airport. Hopefully many industries will be developed there,” said Dedi Mulyadi in Gedung Sate, Bandung. He emphasized that the presence of world-class infrastructure has made Rebana increasingly appealing to global investors seeking strategic locations for industrial and logistics development in Indonesia. Meanwhile, the Head of the Rebana Metropolitan Management Agency, Helmy Yahya, revealed that the region has successfully attracted investors from various countries. Investment data shows that Hong Kong leads the investment commitments with Rp8.97 trillion, followed by Vietnam with Rp2.96 trillion, South Korea with Rp1.46 trillion, China with Rp1.41 trillion, and Singapore with Rp1.22 trillion. Helmy Yahya emphasized that the Rebana region holds tremendous economic potential. However, he stressed that the success of the development project requires strong support from the people of West Java. “I ask for the support of West Java residents because this is a major challenge. Our potential is enormous, but unemployment and poverty are still high. Hopefully, the Rebana project can absorb more workers and strengthen the regional economy,” Helmy said after signing a cooperation agreement with investors from Zhejiang, China. From a macroeconomic perspective, the impact of development in the Rebana region has begun to show tangible results. In the third quarter of 2025, the region recorded economic growth of 5.53 percent, exceeding both the provincial and national average growth rates. This indicates that the Rebana development initiative is beginning to generate meaningful contributions to regional economic dynamics. [Source]

Mar, 05 2026

Purbaya: Every Rupiah of the State Budget Must Work and Deliver Tangible Benefits to the Public

NTVNEWS.ID, JAKARTA – Minister of Finance Purbaya Yudhi Sadewa emphasized that every single rupiah of the State Revenue and Expenditure Budget (APBN) must truly work and deliver tangible benefits to the public. He conveyed this statement during an unannounced visit to the West Java Regional Office of the Directorate General of Treasury (DJPb) in Bandung on Monday, August 24, 2026. The primary objective of the Finance Minister's visit was to directly inspect the implementation of the APBN in West Java through the end of July 2026, while ensuring state budget allocations continue working to serve the community. During the visit, the Finance Minister reviewed state revenue growth, state expenditure realization, Transfers to Regions (TKD) and Village Funds, as well as the implementation of various government programs directly touching the public. “Every single rupiah of the APBN must keep working not just logged as a realization figure on paper, but genuinely delivering real benefits to the community,” the Finance Minister stated. Based on reports from the West Java DJPb Regional Office, APBN execution through July 31, 2026, maintained positive performance, recording a regional surplus of IDR 22.02 trillion. This surplus was supported by state revenue reaching IDR 85.61 trillion, or 45.41 percent of the target. Meanwhile, state expenditure realization stood at IDR 63.59 trillion, or 57.02 percent of its total ceiling. State revenue grew by 6.81 percent compared to the same period last year. On the tax front, receipts through late July 2026 reached IDR 81.30 trillion, marking a 7.35 percent year-on-year (YoY) increase. This tax total comprises tax revenues of IDR 63.84 trillion (up 10.41 percent) and customs and excise receipts of IDR 17.46 trillion. The processing industry remained the largest contributor to West Java's tax revenue, generating IDR 30.60 trillion or 47.93 percent of total tax receipts. This performance reflects the manufacturing sector's pivotal role in sustaining economic activity and state revenue across West Java. On the expenditure side, APBN realization through July 31, 2026, reached IDR 63.59 trillion. Although total state expenditure contracted by 1.45 percent YoY, Ministry/Agency (K/L) spending surged by 28.86 percent, reaching IDR 26.61 trillion or 53.53 percent of its ceiling. K/L expenditure growth was primarily driven by capital spending, which hit IDR 3.11 trillion a significant increase of 115.37 percent compared to July 2025. This rise demonstrates an acceleration in spending dedicated to regional development and public service provision. Meanwhile, Transfers to Regions (TKD) and Village Funds reached IDR 36.98 trillion, or 59.82 percent of the allocated ceiling. Of that total, TKD disbursements accounted for IDR 35.46 trillion, while Village Funds reached IDR 1.52 trillion by the end of July 2026. The Finance Minister reiterated that APBN realization must move beyond figures and actively translate into local economic activity and public welfare, including financial support for business sectors. “We want to ensure that the APBN in West Java doesn't stop at budget absorption reports, but manifests as active economic drive, business support, development, and enhanced public welfare,” he affirmed. Fiscal support is also directed toward reinforcing priority national programs. For example, the Free Nutritious Meals (MBG) program has been implemented across 27 regencies and cities in West Java through 6,794 Nutrition Fulfillment Service Units (SPPG), reaching 14,680,810 beneficiaries. Additionally, the APBN supports several other strategic initiatives, including the Housing Financing Liquidity Facility (FLPP), the establishment of Red and White Village/Sub-district Cooperatives, People's Schools (Sekolah Rakyat), food and energy security programs, and the distribution of People's Business Credit (KUR) and Ultra Micro Financing (UMi). Through July 2026, KUR distribution in West Java reached IDR 23.24 trillion across 357.3 thousand debtors. Meanwhile, UMi financing was disbursed at IDR 1.31 trillion to 226.4 thousand debtors. Amid global economic fluctuations, West Java's local economy continues to demonstrate strong resilience. In the second quarter (Q2) of 2026, West Java's economy grew by 5.73 percent YoY and 2.25 percent quarter-on-quarter (QoQ). This growth was primarily driven by the manufacturing industry sector as a primary economic engine. Price stability also remained well-controlled, with West Java's annual inflation recorded at 2.72 percent in July 2026. West Java's trade balance from January to July 2026 posted a surplus of USD 13.79 billion. These figures demonstrate that the APBN continues to execute its role as a shock absorber and a catalyst for regional economic growth. Fiscal support, sustained domestic demand, and price stability serve as vital foundations for West Java's economic resilience amid global uncertainties. Through this direct inspection, the Finance Minister reiterated the necessity of managing every single rupiah of the APBN optimally and accurately to deliver concrete benefits to the public. “What we are guaranteeing is that the state budget is managed optimally, targeted precisely, and capable of acting as a catalyst for both regional and national economic growth,” the Finance Minister concluded. The government will continue to optimize the APBN as an instrument to support national priority programs, protect public purchasing power, strengthen business operations, and drive sustainable economic growth regionally and nationally. [Source]

Aug, 26 2026

West Java Governor Dedi Mulyadi Ready to Spend Money for Investment Security

KLIKNUSAE.com – West Java Governor, Dedi Mulyadi, emphasized his commitment to ensuring investment security in the province. He conveyed this when he met with Mardigu Wowiek Prasantyo or better known as Bossman Mardigu, recently. In a podcast with Mardigu, Dedi stated that the regional government will allocate a special budget to ensure investors. This is to provide a sense of security and comfort in investing in West Java. "We want to ensure that West Java becomes a conducive investment destination. Therefore, we will spend money to improve security. As well as preparing infrastructure that makes it easier for investors to run their businesses," said Dedi. In addition to ensuring security, the Governor also highlighted employment issues. Especially the practice of extortion in the employee recruitment process in factories. He emphasized that the provincial government will ensure that every citizen who applies for work is not charged any fees in any form. "We must not burden the community with additional costs when applying for work. I ensure that companies operating in West Java must follow this rule. There must be no extortion that burdens job seekers," he said. Dedi also revealed plans for infrastructure development and improvement to facilitate economic and industrial activities in West Java. The government will build and repair roads, provide better transportation access. And improve basic utility networks such as electricity and clean water. This step is expected to increase the attractiveness of West Java as an investment location and create more jobs for local people. "We want to show that West Java is a safe, comfortable, and profitable place for investors. With this policy, I am sure our economic growth will be even faster," he said. According to him, investment security is important so that West Java can develop faster. *** (SOURCE)

Apr, 08 2025

Chinese Garment Companies Flock to Build Factories in West Java

The textile and textile products (TPT) industry in West Java has faced significant pressure in recent years. Several factories have reportedly closed, while others have chosen to relocate production to Central Java to reduce operational costs. However, amid these conditions, industrial areas in West Java have started to receive new investors from China, particularly in the garment sector. This phenomenon shows a new dynamic in the national textile industry landscape. General Manager Sales & Tenant Relations Suryacipta Binawati Dewi said that Chinese garment companies have begun building factories in the industrial areas they manage. "From my presentation earlier, there are several garment factories from China that have come to us," said Dewi. The garment sector has even become one of the sectors with the highest number of companies entering the industrial area. "Maybe around 35% of the tenants from China that entered are engaged in the garment sector," she said. The entry of this new investment has attracted attention because it occurs at a time when the domestic textile industry is facing various challenges. In recent years, several textile factories in West Java have reportedly closed operations or moved their production to other regions, especially Central Java. The relocation is generally driven by production cost factors, including labor wages and operational efficiency. Central Java is considered to offer more competitive production costs for labor-intensive industries. Nevertheless, Dewi believes that West Java still has its own appeal for foreign investors, especially those who want to take advantage of the already established industrial ecosystem. "For garments, usually one factory requires around 5 to 6 hectares of land," she said. The relatively small factory size allows this sector to grow faster in terms of the number of tenants compared to large industries such as automotive. "In terms of numbers, garments are quite many. But in terms of land size, automotive is still the largest," Dewi said. She added that one automotive facility can require more than 100 hectares of land, which is very different from garment factories that operate on a smaller scale. Even so, the presence of several new garment factories from China is considered a signal that West Java remains a destination for manufacturing industry investment. "Now there are several garment factories from China that have entered and started building their production facilities," she said. The trend of foreign garment investors entering shows that industrial areas in West Java still have competitiveness amid the pressure experienced by the domestic textile industry. "If seen from the number of tenants, the garment sector from China is indeed quite dominant among new investors entering," said Dewi. [Source]

Mar, 16 2026

Foreign Investment Entering IKN IDR 1.15 Trillion Groundbreaking Phase Eight

Penajam Paser Utara (ANTARA) - Foreign or foreign investment has entered the Archipelago Capital (IKN), Indonesia's new capital city located in Sepaku District, North Penajam Paser Regency, East Kalimantan Province, at the laying of the first stone marking the start of new physical development (groundbreaking ) stage eight reached IDR 1.15 trillion. "Foreign investment has entered IKN at the eight-day groundbreaking stage today," said President Joko Widodo in Sepaku, North Penajam Paser Regency, Wednesday. "Foreign investment has entered IKN from Australia in the education sector, as well as Russia and China in the property sector," he added The investment value from Australia is IDR 150 billion, Russia's investment value is IDR 500 billion and China's investment value is IDR 500 billion, said President Jokowi, when interviewed after the eighth phase of groundbreaking activities in Nusantara City, located in Sepaku District, North Penajam Paser Regency. Many foreign investors signed an initial commitment document for cooperation (letter of intent/LoI) in the development of Indonesia's future capital city. However, if it is not immediately approved, it must first go through a selection process to adapt the concept for the development of Indonesia's new capital city. "Adapting to existing needs in IKN, so that a good ecosystem is built, so that Nusantara City becomes an attractive location," explained Jokowi. Then there are also two local investments in groundbreaking marking the start of the new physical phase eight in Indonesia's new capital city, with an investment value of IDR 100 billion and IDR 25 billion respectively. Investment confidence from within and outside the country illustrates that Nusantara City is a very attractive place for investment. However, according to the President, the construction of government facilities is entirely handled by the government. The groundbreaking of phase eight in Nusantara City is not the end before the head of state's term of office ends, it could be that within the next week, many investors will want to lay the first stone for new physical development, said President Jokowi. (SOURCE)

Oct, 01 2024

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