News - Coordinating Minister Airlangga: Investment must increase by 10 percent so that the economy grows by 8 percent

Coordinating Minister Airlangga: Investment must increase by 10 percent so that the economy grows by 8 percent

Nov, 12 2024

TRIBUNNEWS.COM, JAKARTA - Coordinating Minister for Economic Affairs (Menko Ekonomi) Airlangga Hartarto stated that domestic investment must be able to grow 10 percent so that economic growth can reach 8 percent according to the target of Indonesian President Prabowo Subianto.

According to him, apart from investment, the government also needs to encourage exports in the downstream sector, service sector and new economic development to achieve this target.

He conveyed this at the National Coordination Meeting of the Central Government and Regional Government at the Sentul International Convention Center (SICC), Bogor Regency, West Java, Thursday (7/11/2024).

"What we have to encourage is that we must maintain the consumption sector, investment must grow by around 10 percent, and exports grow 9 percent, and the sector remains downstream, the service sector, tourism, construction and housing, the digital economy, the development of a new economy, namely semiconductors , and energy transition," said Airlangga.

Airlangga said that Indonesia could become the highest green energy producer in the world. This has been proven by the development of 10 gigawatts of hydro energy in North Kalimantan.

"Then, the areas we are building there could also become new growth centers, where they could become centers of industry, green hydrogen, ammonia, even for other downstream industries," said Airlangga.

According to Airlangga, Indonesia can achieve economic growth of 8 percent. Because this happened during President Soeharto's leadership.

At that time, the Indonesian economy grew 8.2 percent, driven by the manufacturing, industrial, textile, automotive, construction and investment sectors which grew at a high rate of 14.6 percent.

Apart from that, growth in household consumption and exports in the Crude Palm Oil (CPO), textiles and oil and gas (oil and gas) sectors.

"So, if the President asked us to grow by 8 percent, this is possible, because we have achieved that," he explained.

(SOURCE)

Dani Ramdan Encourages Industry Players to Increase PAD through Taxes and Levies

SOUTH CIKARANG - The Bekasi Regency Government continues to take strategic steps to encourage an increase in Regional Original Revenue (PAD) from the tax and levy sector. This time, the Bekasi Regency Government again held a Regional Tax socialization for business people in the Hyundai Cikarang Industrial Estate, located at the Harper Cikarang Hotel, on Monday (05/08/2024). In front of dozens of tenants in the industrial area, Pj Regent of Bekasi Dani Ramdan directly gave a presentation regarding the importance of company contributions in tax revenue. Tax is one of the sources of PAD for development and welfare in the Bekasi Regency area. "Because there are several things that we need to optimize and I see that Bapenda has tried door to door socializing, inviting but not all companies want to attend. I tried this time to socialize directly, hopefully the level of awareness and compliance from taxes and levies will also increase," he said. Dani Ramdan explained, the increase in regional tax revenue, of course, has a reciprocal effect on local government efforts and programs in equitable development. Especially infrastructure that supports the running of business activities and the wheels of the economy not only for the community, but also business people in the industrial area. "Because all taxes collected, collected by the local government will return to the community, including the business world in the form of infrastructure development, in the form of administrative services, licensing, regulation and also health education services. And it will all create a conducive business climate," he explained. Furthermore, Dani Ramdan emphasized that the Bekasi Regency Government is committed to presenting Bekasi Regency as a prime investment destination in West Java and Indonesia. He also invited all companies that attended the socialization to continue to be committed to supporting regional development through their tax contributions. For those who have not, because they have indeed carried out several provisions, they can be open, can be encouraged to carry out their tax and retribution obligations. "And also of course not only that. There are so many contributions of the company outside of taxes, there is absorption of employment, absorption of local products and so on," he said. Head of the Bekasi Regency Regional Revenue Agency (Bapenda), Ani Gustini added, based on the results of the evaluation, it turns out that other potentials that can currently be optimized to increase regional income are catering taxes. Because based on taxpayer data, the percentage of registered caterers, with the number of companies in Bekasi Regency. The numbers are still fairly far away. A total of 349 caterers have been registered from around 7000 companies in Bekasi Regency. "Our hope is of course all of them, but at this time it is still gradual, maybe the target is around 1000 first. Because apart from catering, we are also optimizing regional revenue from the motor vehicle tax sector," he concluded. SOURCE

Aug, 06 2024

Cirebon OJK opens illegal investment complaint service during Ramadan

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]

Feb, 20 2026

Distribution of Foreign Investment in 2023, Mostly Entering West Java

According to data from the Investment Coordinating Board (BKPM), throughout 2023 Indonesia will receive foreign investment realization of around US$50.27 billion. The largest portion of foreign investment (PMA) went to West Java, with a value of US$8.28 billion or 16.5% of the total FDI. Apart from West Java, other provinces in the top 3 are Central Sulawesi and North Maluku with details of PMA values as shown in the graph. Meanwhile, according to Katadata Insight Center (KIC) and Grant Thornton, the top 3 provinces on this list have benefited from foreign investment related to the electric vehicle industry. In the Unraveling Indonesia's Prospects in 2024 report, KIC-Grant Thornton said there were several battery factories being developed in West Java. "One of them is the PT HKML Battery Indonesia factory in Karawang, which is one of the largest electric vehicle battery producers in Southeast Asia," they said. KIC-Grant Thornton also said that foreign investment in Central Sulawesi and North Maluku mainly goes into the nickel sector, a raw material for making batteries. "Because nickel is a key strategic sector, North Maluku is likely to continue to benefit from development of this sector in the medium and long term," wrote KIC-Grant Thornton in its report. "Similar to North Maluku, Central Sulawesi has also benefited from large investments in nickel mining and related manufacturing activities," they said. (SOURCE)

Mar, 14 2024

Minister of Investment: Investment Value in KITB Reaches IDR 14 Trillion

Batang (ANTARA) - Minister of Investment/Head of BKPM Bahlil Lahadalia said that currently the realized investment value of 18 companies in the Batang Integrated Industrial Zone (KITB), Central Java, has reached around IDR 14 trillion. "Of the 18 companies that have entered, they have absorbed 19 thousand workers," he said when delivering his speech at the Operational Inauguration of the Batang Integrated Industrial Zone, Friday. According to him, his party targets that within the next 10 years, the Batang Integrated Industrial Zone will be able to absorb 250 thousand workers. In the near future or September 2024, he said, there will also be a South Korean company, namely LG, which will build a cathode factory as an electric vehicle (EV) battery ecosystem. "Because the feasibility study will be completed in August 2024. And the cathode will be built here," he said. Bahlil said that the presence of cathode construction would be an integration of upstream and downstream development of the EV battery ecosystem. "There will be a precursor smelter for developing battery cells in North Maluku. Then, there will also be battery cells in Karawang, West Java," he said. Apart from that, there will be a combination of high technology at KIT Batang as well as labor-intensive MSME industries such as shoes and footwear. "God willing, it will continue to run well. And we only report one, only one of our ports is missing, so Pelindo has tendered the port but only the breakwater and the channel," he said. (SOURCE)

Oct, 01 2024

BI: IRU-RIRU-GIRU Linkage Boosts Investment, 67 Projects Ready to be Offered

POJOKSATU.ID – Bank Indonesia emphasized that the synergy of the Investor Relations Unit (IRU), Regional Investor Relations Unit (RIRU), and Global Investor Relations Unit (GIRU) has driven the effectiveness of national investment and trade promotion throughout 2024. Deputy Head of the West Java Bank Indonesia Representative Office, Muslimin Anwar, stated that the integration of the three units is the main strategy in attracting investment both domestically and abroad. "Bank Indonesia has facilitated 26 investment promotion events, covering 67 investment projects with support from 15 Domestic Representative Offices (KPwDN). This shows that West Java and Indonesia in general are increasingly competitive in the eyes of global investors," said Muslimin. In promoting foreign investment (LN), BI is involved in various strategic forums, such as the Indonesia-Australia Investment Forum, Indonesia-Netherlands Trade Mission, Indonesia Investment Forum in Tokyo, and the ASEAN Conference. Meanwhile, domestically (DN), 13 business forums have been held with investment commitments in the form of Letters of Intent (LOI) worth IDR 49.6 trillion and Memorandums of Understanding (MoU) worth IDR 26.1 trillion. One of the projects that attracted attention was Subang Smartpolitan with investors from BYD Company, China. Bank Indonesia also emphasized the importance of IRU-RIRU-GIRU integration in mapping investment opportunities. "We are conducting a supply-demand map to ensure that the projects offered are ready and in accordance with investor needs. In addition, promotional activities are synergized, targeted, and outcome-oriented for maximum results," added Muslimin. In terms of investment distribution, West Java is the main destination with 52% of projects, followed by East Java (16%), North Sulawesi (14%), and other regions (14%). The leading sectors offered include the manufacturing industry, new and renewable energy, digital economy, tourism, and infrastructure. Muslimin emphasized that investment sustainability will continue to be monitored through periodic evaluations of project readiness, promotion effectiveness, and monitoring investor interest. "We are committed to making West Java and Indonesia a leading investment center with policies that support economic stability and growth," he concluded. *** (SOURCE)

Mar, 20 2025

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