News - Cirebon Regency Government Records 2024 Investment Realization Reaches IDR 3.1 Trillion

Cirebon Regency Government Records 2024 Investment Realization Reaches IDR 3.1 Trillion

Mar, 17 2025

Cirebon (ANTARA) - The Cirebon Regency Government, West Java, recorded that investment realization in its region reached IDR3.1 trillion throughout 2024, growing 3.79 percent compared to the previous year's achievement of IDR3 trillion.

Acting (Pj) Cirebon Regent Wahyu Mijaya in Cirebon, Monday, said that the increase in investment also contributed to regional economic growth and was able to absorb 17,311 local workers.

"Investment in Cirebon Regency continues to increase from year to year. In 2024, investment realization was recorded at IDR3.1 trillion or grew 3.79 percent compared to 2023," he said.

He said that the leather goods and footwear industry sector was still the largest contributor to Foreign Investment (PMA) with an investment value reaching IDR546.6 billion.

Meanwhile, he said, the Other Services sector was in second place with an incoming investment value of IDR382.4 billion.

"The percentage of investment realization that year has reached 96.33 percent of the target set," he said.

In addition to investment, Wahyu also highlighted the increase in road stability in Cirebon Regency.

He said that in 2024, the level of road stability increased to 84.91 percent compared to the previous year which was recorded at 84.56 percent.

According to him, the stability of this road is calculated from the length of roads in good and moderate condition which reaches 1,053.10 km from a total of 1,240.30 km of roads in Cirebon Regency.

The Cirebon Regency Government, said Wahyu, continues to strive to improve road infrastructure to support smooth mobility and investment in the area.

"The remaining 187.2 kilometers or 15.09 percent of the total roads are still in the category of light and heavy damage," he said.

(SOURCE)

This April, Indonesia will produce its first EV battery

NIKEL.CO.ID, JAKARTA – President Joko Widodo's (Jokowi) government program to create an electric vehicle (EV) battery ecosystem to become the World's Number One EV Battery King is now starting to become a reality. With plans for the first and first production of EV batteries in Indonesia in April 2024 by PT Hyundai LG Indonesia (HLI) Green Power in Karawang, West Java. This was conveyed by the President Director of PT HLI Green Power, Hong Woo Pyoung, regarding PT HLI's readiness to carry out mass production. Apart from that, the electric vehicle battery industry in Indonesia will be able to produce pioneering young engineers who have the ability to manufacture electric car battery cells. “We have been preparing everything since September 2023. "We are ready to carry out mass production in April 2024," said Hong in a press statement quoted from the Ministry of Investment/Investment Coordinating Agency (BKPM) website, Thursday (18/4/2024). According to him, engineers from Indonesia have been trained for a year and will continue to be provided with training. “They are very smart, diligent and competent. "We are very proud of the engineers from Indonesia," he said. The government through the Special Staff (Stafsus) of the Ministry of Investment/BKPM, Tina Talisa, confirmed Indonesia's readiness to start mass production of the first EV battery which will be recorded as a new history of the start of the Indonesian EV battery industry. This step makes Indonesia the first EV battery cell producing country in Southeast Asia, and strengthens Indonesia's determination to support the EV battery ecosystem development project (grand package) worth US$9.8 billion or IDR 142 trillion. Tina emphasized that President Jokowi's leadership focused on downstream development so that he gave more special attention to the upstream and downstream nickel industry after the groundbreaking of the PT HLI EV battery factory in September 2021. According to him, downstreaming is a way to create added value from Indonesia's abundant natural resources, one of which is nickel. "We then make the process integrated from upstream to downstream, that's why there is the world's first integrated electric vehicle battery investment with a grand package of US$9.8 billion," he said. "So it is integrated from the upstream of the mine, then to the smelter, then refining, processing, precursor, cathode, then into battery cells," he continued. He explained that the production of EV battery cells will make Indonesia the first country to produce electric vehicle battery cells in Southeast Asia to use the latest technology from LG. The domino effect is that the young Indonesian workers who were absorbed into this project also became the first EV engineers in Southeast Asia. "Downstreaming is able to create a workforce that is properly absorbed in the sense of having high skills so that the income is higher and is able to bring Indonesia out of the middle income trap," he concluded. As is known, PT HLI Green Power is a joint venture company between Hyundai Motor Company, LG Energy Solution, and PT Indonesia Battery Corporation (IBC). PT HLI Green Power's investment is a follow-up to the signing of a Memorandum of Understanding (MoU) between the Ministry of Investment/BKPM and the Hyundai, LG and IBC Consortium on July 28 2021. Furthermore, in September 2023, President Jokowi visited PT HLI Green Power to conduct a direct inspection of the process and results of electric vehicle battery cell production. In the first phase, PT HLI absorbed an investment of USD 1.1 billion and had a production capacity of 10 gigawatt/hour (GWh), consisting of 32.6 million battery cells which could produce approximately 150,000 electric vehicles. In the second phase, expected in 2025, PT HLI plans to increase production capacity to 20 GWh. (SOURCE)

Apr, 19 2024

West Java Provincial Government Targets 25 Percent Investment Increase by 2025

BANDUNG, iNewsBandungRaya.id - The West Java Provincial Government (Pemprov) is targeting that investment realization in 2025 can increase by 25 percent from the previous year. This was conveyed by the Acting Governor of West Java, Bey Machmudin at the BEJA (Bewara Jawa Barat) Vol. 15 event, in the East Hall of Gedung Sate, Bandung City, Tuesday (11/2/2025). "This year the exact value is not yet, but it should be even higher. If yesterday it was around 17-19 percent, it should be 25 percent," said Bey. Bey hopes that the investment value in West Java will remain the highest in Indonesia in 2025. In addition, this investment is also expected to be felt directly by many people. "In 2025, apart from hopefully remaining the highest, it is also about how this investment impacts the community," he added. Bey views, with high investment value, it can reduce the open unemployment rate in West Java which is also still relatively high. According to him, the pattern that can be done is how to encourage the absorption of labor. One of them is by synchronizing graduates with industry needs. "With this high investment, of course, the first problem of SMK is that the link and match must be maintained. So all workers should be able to come from West Java, which will also reduce the link and match," he said. "For example, this investment also requires a supply chain company or link. The supply chain should also be from West Java so that it can build MSMEs in the surrounding area so that the costs are not too high," he added. Meanwhile, the Head of the West Java Investment and One-Stop Integrated Service Agency (DPMPTSP), Nining Yuliastiani admitted that although the investment value in West Java is the highest, the unemployment rate is still quite high. According to her, this is due to several factors, one of which is that not all investments absorb a large number of workers. "High investment is certainly accompanied by the need for workers. However, the workers needed must have qualifications according to the needs of the industry," said Nining. "Many industries entering West Java are high-tech and capital-intensive industries. Therefore, we must prepare a workforce that suits these needs," he continued. The second factor that is also very important is the character of the workforce. According to him, this character includes discipline, work ethic, and mental readiness to work in the industry. "The industrial world has different demands compared to other sectors. Therefore, we must prepare a workforce that not only has technical skills, but also has a character that suits the needs of the industry," he explained. With the high investment coming in, Nining said, her party needs to ensure that the available workforce is in accordance with industry demand. "We must adjust the education curriculum, especially in vocational schools and job training institutions, to be in line with the needs of the industrial world. With the link and match between education and industry, our workforce will be more easily absorbed," she said. (SOURCE)

Mar, 19 2025

West Java Investment Reaches Rp218 Trillion, Employing Over 300,000 Workers

Bandung, Sonora.ID – West Java once again demonstrates its dominance as the province with the largest investment realization in Indonesia. By the third quarter of 2025, investment value in West Java reached IDR 218.2 trillion, equivalent to 15.2 percent of total national investment. This achievement represents an 18 percent increase compared to the same period in 2024, which recorded IDR 184.89 trillion. This surge confirms investors' high confidence in the business climate in Indonesia's most populous province. The increase in investment also has a direct impact on employment. From January to September 2025, 303,469 people were employed in various sectors, a 4.45 percent increase compared to last year (290,545 people). Of this figure, domestic investment (PMDN) absorbed 175,385 workers, while foreign investment (PMA) created 128,084 new jobs. The manufacturing and industrial support services sectors were the main contributors, in line with the expansion of several large companies. One of the latest projects is the BYD electric vehicle manufacturer in Subang Regency, which has recruited 4,500 certified skilled workers. The presence of this green technology-based industry is seen as marking a transformation in West Java's investment direction toward sustainable and high-value-added sectors. "This investment figure is expected to continue to increase with the entry of new investors in industrial areas such as Rebana Metropolitan, Bekasi, and Greater Bandung," said Dedi Taufik, Head of the West Java Investment and One-Stop Integrated Services Agency (DPMPTSP), recently. According to him, the West Java Provincial Government is committed to maintaining this positive trend by improving fast, transparent, and integrated investment services. Various digital innovations, such as the KUJANG (West Java Integrated Licensing Service Collection) system, are currently being developed to reduce bureaucracy and expedite the licensing process at the provincial and district/city levels. "Investment is not just about numbers, but also about community welfare. We want every rupiah invested to create new jobs, stimulate the regional economy, and strengthen West Java's competitiveness," Dedi emphasized. With this achievement, West Java is increasingly solidified as a national economic engine and a locomotive for manufacturing industry investment in Indonesia, proving that a stable investment climate and adaptive public services are the main attraction keys. [SOURCE]

Dec, 22 2025

3 Years Closed, Cheetos Finally Makes Comeback After Investing USD 200 Million in Indonesia

JawaPos.com - PT PepsiCo Indonesia Foods and Beverages or PepsiCo Indonesia is back producing Cheetos branded snacks in the country. The return of Cheetos is in line with the start of production at the Cikarang factory, West Java in January 2025. "Cheetos is finally back in Indonesia! We have successfully opened our first factory in Indonesia and started Cheetos production at our factory in Cikarang in January2025," said Director of Government Affairs & Corporate Communications Gabrielle Angriani Johny as quoted from her personal LinkedIn page, Sunday (9/2). He ensured that Cheetos' return to Indonesia would maintain its high quality and taste. In addition, he is also committed to using only the best ingredients in its products. "We are very happy to bring smiles back to the people of Indonesia. To ensure the highest quality and taste, we are committed to using only the best ingredients," he said. Pepsi Indonesia also said that Cheetos produced in the country have started to circulate and can be found at the nearest minimarket, namely at Alfamart. "Get your Cheetos at the nearest Alfamart," he continued. Furthermore, Gabrielle also said that Cheetos' return to Indonesia was none other than because of PepsiCo's investment that had reached USD 200 million. "Appreciation to the Indonesian government for helping us realize this new investment worth USD 200 million," he concluded. Previously, starting in August 2021, the snack joint venture company between PepsiCo and PT Indofood CBP Sukses Makmur Tbk., PT Indofood Fritolay Makmur ('IFL'), will stop producing, packaging, marketing, selling and distributing PepsiCo products that compete with IFL products in Indonesia. In its official statement, Wednesday (17/2/2021), PepsiCo has agreed to the sale of a minority stake in IFL and ended the partnership that has been running successfully for 30 years. "Furthermore, IFL will stop producing, packaging, marketing, selling and distributing PepsiCo products in Indonesia in August 2021," the written statement read. For a period of three years from August 2021, PepsiCo and its affiliates have agreed not to manufacture, package, sell, market or distribute snack products that compete with IFL products in Indonesia. [SOURCE]

Mar, 17 2025

West Java Home to Southeast Asia's Largest and First Battery Cell Factory

SuaraJabar.id - West Java is officially the site of the largest and first electric vehicle battery cell factory in Southeast Asia. President Joko Widodo inaugurated the factory owned by PT Hyundai LG Indonesia (HLI) Green Power in the Karawang New Industry City (KNIC) area, West Teluk Jambe, Karawang Regency, Wednesday (3/7/2024). President Jokowi was accompanied by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Investment/BKPM Bahlil Lahadalia, Minister of Industry Agus Gumiwang, Minister of SOEs Erick Thohir, and Acting Governor of West Java Bey Machmudin. "I inaugurate the factory and ecosystem as well as electric vehicle batteries in Indonesia," said Joko Widodo. Before the inauguration, Jokowi first toured the HLI Green Power factory and then signed the hood of the Kona Electric car which first used locally made batteries. In the review, Jokowi was accompanied by the Minister of Trade of the Republic of Korea Inkyo Cheong. The battery cell factory, which stands on an area of 330,000 square meters, is capable of producing lithium ion battery cells with a total capacity of 10 GWH per year. The amount is to fulfill 150,000 units of electric vehicle batteries. The first car to use this locally made battery is the all-new Hyundai Kona Electric. The car will soon be available in Indonesia with a price range of Rp500 million. The initial investment for the factory was USD1.2 billion. The presence of this battery cell factory is expected to provide many positive things for West Java, such as increasing regional income through investment taxes, absorbing labor so as to reduce unemployment, and increasing the competitiveness of the West Java region itself. Investment trends in West Java continue to be positive. West Java is home to 14,000 companies that currently exist with their investments. In 2024, West Java contributed 148.5 percent of national investment growth or a value of around Rp210 trillion (both PMA and PMDN). (SOURCE)

Jul, 08 2024

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