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Danantara and INA Sign Investment Agreement in Prajogo’s Listed Company Project

Mar, 03 2026

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JAKARTA, investor.id – Danantara Indonesia, Indonesia Investment Authority (INA), and Chandra Asri Group (TPIA)—the listed company of Prajogo Pangestu—have officially signed a Conditional Share Subscription Agreement (CSSA) to strengthen domestic production capacity of Caustic Soda and Ethylene Dichloride (EDC) and enhance national supply resilience.

This agreement follows the Memorandum of Understanding (MoU) previously signed by Danantara Indonesia, INA, and PT Chandra Asri Pacific Tbk (Chandra Asri Group), under which Danantara Indonesia and INA act as strategic investors in the project.

The agreement marks the capital commitment phase supporting the construction of the Chlor Alkali – Ethylene Dichloride (CA-EDC) plant in Cilegon, Banten, developed and operated by Chandra Asri Group. The project aims to reduce dependence on imports of critical raw materials used across various industries, while advancing the downstream industrialization agenda as part of Indonesia’s long-term economic transformation. The establishment of domestic Caustic Soda production capacity is expected to significantly strengthen import substitution and improve domestic supply resilience.

Meanwhile, EDC production will not only support domestic industrial needs but also has the potential to increase exports and contribute to foreign exchange earnings, alongside strengthening the competitiveness of Indonesia’s national chemical industry.

The CA-EDC plant development is valued at US$800 million and forms part of the National Strategic Projects (PSN), focusing on the production of essential raw materials for both upstream and downstream industries.

Caustic Soda is used as a key raw material in the production of soap and detergents, alumina refining, and paper manufacturing processes. EDC, on the other hand, is a primary raw material supporting the construction and packaging industries.

Under the agreed investment structure, Danantara Indonesia and INA will jointly invest a total of US$200 million. The funding will be allocated to develop the strategic CA-EDC industrial facility managed by PT Chandra Asri Alkali (CAA), a subsidiary of Chandra Asri Group, which is scheduled to commence operations in 2027.

Pandu Sjahrir, Chief Investment Officer of Danantara Indonesia, stated that the agreement reaffirms Danantara Indonesia’s commitment to strengthening high value-added strategic national industries, creating jobs, and accelerating Indonesia’s economic growth. This collaboration is not only a response to import dependency challenges but also a concrete step toward accelerating downstream industrialization, a key driver of Indonesia’s economic development.

 

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Chery invested IDR 250 billion for its first OMODA 5E production in Indonesia

Jakarta (ANTARA) - PT Chery Sales Indonesia (CSI) has invested IDR 250 billion in the production of their first electric vehicle in Indonesia, namely the OMODA 5E, which has already received 400 orders.   "Chery's investment in Indonesia for EV production reaches IDR 250 billion, as an initial stage to support our CKD process," said Head of Brand PT Chery Sales Indonesia (CSI), Rifki Setiawan in the Forwot 20th Anniversary Discussion activity in Sentul, Bogor, West Java, Sunday (3/12).   Even though they still share production with other automotive manufacturers who have pinned their hopes on PT Handal, Chery believes that their vehicle production will not be disrupted and will reach customers in February 2024.   "We have started production this month, and we hope to be able to fulfill the 400 orders by January. "So, in Q1 2024, in February to be precise, we will be able to deliver 400 units," he said.   Chery, which has been the export leader in China for 20 consecutive years, will not continue to utilize PT Handal's factories. In the future, Chery will also set up a factory and research center in Indonesia.   So, Indonesia will be promised to become a production base for countries that use right-hand drive platforms. This is Chery's commitment to Indonesia in the automotive industry.   "Our founders have also visited and met with policy makers in the country, and have also signed agreements regarding future investments," he explained.   So, this proves Chery's seriousness in the automotive industry in Indonesia. Chery is not only bringing the Omoda and Tiggo Series brands to Indonesia, various other brands will also be brought to Indonesia, such as Jaecoo, which is rumored to be coming to Indonesia soon.   (SOURCE)

Dec, 08 2023

Bandung Residents Should Be Proud, It Turns Out that West Java Has Become the Favorite Investor with Realized Investment of IDR 123.48 Trillion

TIMENEWS.co.id – West Java Province has once again made a brilliant achievement by becoming the largest foreign investment destination in Indonesia.   Based on the latest data, West Java recorded investment realization from investors of USD 8.28 billion or equivalent to IDR 123.48 trillion this year. This achievement places the province in the top position as a favorite for foreign investors, ahead of other provinces in Indonesia.   West Java's success in attracting investor interest cannot be separated from various supporting factors that make it a very attractive region for investment.   Increasingly developed infrastructure, easy accessibility and quality human resources are the main attractions. Apart from that, the provincial government which is proactive in supporting the investment climate through various investor-friendly policies also plays a role in increasing investor interest.   Leading Sectors   Several leading sectors that are excellent for investors in West Java include manufacturing, technology, property and infrastructure.   The manufacturing sector, especially the automotive, electronics and textile industries, remains the backbone of West Java's economy.   Many multinational companies choose to set up factories or expand in industrial areas in this province, especially in the Bekasi, Karawang and Cikarang areas.   Apart from that, the technology sector is also showing rapid development, with many startups and technology companies starting to see the potential of West Java as their operational base.   The area around Bandung, which is also known as a center for education and research, has become a center for technological innovation that attracts investors from various countries.   The support of the West Java provincial government under the leadership of Governor Ridwan Kamil is one of the key factors in the province's success in attracting investment.   With massive infrastructure development initiatives such as the construction of toll roads, airports and ports, West Java is increasingly integrated with major markets, both at home and abroad.   Large projects such as the construction of the Patimban Port in Subang also open up opportunities for West Java to become an import-export gateway in Indonesia.   Not only that, tax incentive policies, simplifying licensing, and efforts to speed up bureaucracy through digital systems also make it easier for investors to run business in West Java.   All these steps create a conducive and efficient business climate, thereby increasing the province's competitiveness in the eyes of global business players.   Future Prospects   With the success of recording large investment realizations, West Java's economic prospects in the future look very promising.   Apart from making a significant contribution to national economic growth, this investment flow is also expected to create new jobs and improve the welfare of local communities. The development of various industrial areas, infrastructure projects and initiatives in the digital sector will encourage more inclusive and sustainable economic growth.   Overall, West Java's success in becoming a favorite for foreign investment in Indonesia is the result of good collaboration between local government, business people and the community.   With a strong foundation and a commitment to continue increasing its investment attractiveness, it is not impossible that West Java will continue to be a major destination for investors in the next few years, further strengthening its position as one of the most important provinces in Indonesia.   West Java's achievement in attracting foreign investment of IDR 123.48 trillion shows how strong the attraction of this province is for investors. Quoted from YouTube creative Hamdi, Thursday 19 September 2024. With capable infrastructure, progressive government support, and broad economic potential, West Java now stands as one of the leading centers of economic growth in Indonesia.   In the future, it is hoped that West Java's success will further strengthen the role of this province as a driving force for the national economy and create more equitable prosperity for the community with investment and investors.   (SOURCE)

Sep, 20 2024

West Java Eyes Greater Investment and ASEAN Market Access at SIBS 2026

The West Java Chamber of Commerce and Industry (Kadin Jabar) is intensifying preparations for the upcoming Selangor International Business Summit (SIBS) 2026, which will be held in Bandung on July 9–10, with the aim of maximizing investment opportunities and market penetration for local businesses.   Speaking in Bandung on Tuesday, Dr. Masrura Ram Idjal, Coordinating Vice Chairman for Economy and Investment at Kadin Jabar, said the international event represents a strategic opportunity for local entrepreneurs to attract investment from Malaysia—particularly from the state of Selangor—while expanding their market reach across the ASEAN region.   To support the initiative, Kadin Jabar is currently conducting a comprehensive profiling and selection process involving approximately 150 West Java-based companies that will be introduced to Malaysian investors and buyers during the summit.   “We have been requested to invite around 150 companies from West Java that align with the 12 business sectors targeted by the Selangor delegation. We are mapping the profiles of our members through data collection to ensure that the business matching sessions connect entrepreneurs with relevant investment and business opportunities,” Masrura explained.   According to him, Selangor offers substantial investment potential across 12 priority sectors, many of which align with West Java’s development agenda. Kadin Jabar plans to aggressively promote opportunities in areas such as manufacturing development within the Rebana Metropolitan Area and the creative economy ecosystem centered in Bandung.   “In terms of regional development, Kadin is placing significant emphasis on the Rebana Area, which is being prepared as a hub for electric vehicle manufacturing. We also see tremendous potential in creative industries such as gaming, film, and animation, which are concentrated in Bandung,” he said.   As part of the summit agenda, the Malaysian delegation is scheduled to conduct site visits to Bandung’s creative industry centers and explore investment opportunities and infrastructure development within the West Java International Airport (BIJB) Kertajati industrial area.   Beyond facilitating business networking and investment matchmaking, SIBS 2026 Bandung will also feature workshops focusing on two critical issues: export-oriented investment opportunities and workforce readiness.   Masrura emphasized that one of West Java’s key investment advantages is its large market and competitive labor costs. However, he stressed that this advantage should be leveraged to maximize technology transfer and improve workforce capabilities.   “Our competitive workforce must also benefit from effective technology transfer so that workers can meet the standards and qualifications required by international companies,” he stated.   The collaboration is designed as a long-term partnership. Following the Bandung event in July, West Java business representatives are scheduled to visit Malaysia in October 2026 to participate in the second phase of SIBS.   According to Masrura, the October mission to Selangor will focus primarily on expanding export market access for West Java products.   “Malaysia, particularly Selangor, occupies a highly strategic position as a gateway to global markets. Once West Java products successfully enter the Malaysian market, it will become significantly easier to expand into other ASEAN countries and international markets,” he said.   Although Kadin Jabar has not yet established a specific investment realization target, as discussions remain in the exploratory stage, the organization aims to facilitate the signing of several concrete Memorandums of Understanding (MoUs) between businesses from West Java and Selangor during the two-day summit. These agreements will subsequently be developed into formal Cooperation Agreements.   Despite its optimism, Kadin Jabar acknowledges several domestic challenges in attracting foreign investment, particularly regarding policy consistency at the local level and legal certainty.   To address these issues, Kadin Jabar continues to coordinate with the West Java Investment and One-Stop Integrated Service Agency (DPMPTSP) as well as business associations such as Gapensi, Hipmi, and Iwapi to advocate for investment incentives, streamlined licensing processes, and stronger legal certainty.   Kadin Jabar also places high expectations on the restoration of international air connectivity in West Java.   The reactivation of direct international flights between West Java and Malaysia—through either Husein Sastranegara Airport or BIJB Kertajati—is considered a key factor in accelerating investment growth, export expansion, tourism development, and medical tourism between the two regions.   According to information received, the SIBS Forum scheduled for July 9–10, 2026, in Bandung will present a significant investment portfolio consisting of 46 strategic projects spanning nine to twelve priority sectors.   These projects include opportunities in aerospace, railway transportation, automotive development (including the Kertajati Area, Patimban Port, and Greater Bandung LRT), creative industries, energy utilities and renewable energy projects such as the Cirebon Regional Waste-to-Energy Facility, industrial estates including the Majalengka Industrial Estate, and technology ventures such as Agrivision Startup.   Additional projects cover medical tourism developments such as Sari Medika Resort, agricultural initiatives including the Tasikmalaya Palm Sugar Industry Center, infrastructure projects such as the Patimban Water Supply System, and various downstream industrialization initiatives.   The summit is expected to strengthen economic cooperation between West Java and Selangor while opening new pathways for investment, trade, technology transfer, and regional economic growth.   [SOURCE]

Jun, 24 2026

Head of Sukabumi City DPUTR Emphasizes the Importance of Balancing Investment and Green Open Space

PR GARUT - Head of the Sukabumi City Public Works and Spatial Planning Service (DPUTR), Sony Hermanto, stated that there are two important aspects that are interrelated, namely the provision of Green Open Space (RTH) and agricultural areas.   However, with the completion of the Bocimi toll road construction in the future, it is estimated that the investment climate in Sukabumi City will further improve along with the increasing number of investors interested in investing in the area. Sony explained that the Detailed Spatial Planning (RDTR) activity aims to accommodate various interests, including maintaining a balance between improving the investment climate and other aspects that are important for society.   "Currently, we are accommodating the aspirations of all stakeholders, including elements of the community and students, so that they can be accommodated in the preparation of the second phase of the RDTR," said Sony. He added that the expected investment in Sukabumi City is more likely to be in the service and trade sectors, such as the construction of hotels or other facilities that support the service industry. "The city of Sukabumi is very dependent on the service and trade sectors, so we have to support the development of investment in this sector. However, if it is hit by regulations that hinder it, of course this will be a challenge in itself," he explained. Sony hopes that the efforts made through RDTR and support for the investment climate can accelerate economic growth in Sukabumi City, as well as have a positive impact on the city's future development.   (SOURCE)

Oct, 08 2024

Starting in Bandung, Expanding to Bandung Barat, Yanproland: New Magnet for Property Investment

TIMES JABAR, BANDUNG – Bandung Barat is increasingly attracting attention as a promising property investment destination. This area not only offers beautiful natural scenery but is also preparing to become a strategic region with a series of major infrastructure projects that will transform its landscape over the next few years.   Behind this development boom is Yana Triana, founder and CEO of Yanproland, who is now actively working on the exclusive Emerald Resort project in the sunrise area of Bandung Barat.   Yana sees a golden opportunity here due to relatively affordable land prices, availability of large land areas, and spatial planning that is not as chaotic as in East or South Bandung. He emphasizes that the western region holds extraordinary potential as it will be connected with various new access points, from the Cianjur toll road, Padalarang-Lembang toll road, to Bogor–Cianjur–Bandung (Bicak 2) toll road, which shortens travel time from Bogor to Bandung to about one hour. With this infrastructure, land values are predicted to soar, opening wider economic opportunities.   However, Yana stresses that property business cannot run recklessly. Fundamental principles must be followed. The developed land must have clear status, not be in green zones, and free of disputes. Legalities and permits must be clean and clear to ensure project sustainability. Also, good relations with surrounding communities are key. For Yana, property development is not just about building houses but also about driving the local economy and creating comfort for residents around the project.   "Emerald Resort is developed with that vision. This project is not only aimed to be an exclusive residential area but also a growth engine for the community's economy. Many jobs are created, from construction workers, security personnel, to daily laborers. New business opportunities also arise, such as convenience stores, restaurants, and supporting service providers. This social impact is what I believe can strengthen the bond between the developer and the community, while improving their living standards," said Yana, a property entrepreneur based in Bandung, Friday (September 12, 2025).   "From the market side, the majority of Yanproland’s consumers currently come from Greater Bandung, especially Bandung and Cimahi. But I am optimistic that soon the market will expand to Jabodetabek. The reason is clear, the purchasing power in the metropolitan area is much higher and less price-sensitive. If 80 percent of buyers have been local, going forward, it targets a composition of 50 percent from Greater Bandung and 50 percent from Jabodetabek, accompanied by promotional roadshows to major cities," he explained.   Interestingly, Yana does not only focus on physical development. He also pays great attention to human resource development, especially marketing and sales teams. For him, marketers should not remain mere staff but be nurtured into entrepreneurial mindsets. Through various training, he encourages his team to have a big vision, high initiative, and leadership courage. He believes the company’s biggest investment is in its people’s quality. According to him, the training budget should equal the promotional budget. This approach will produce a generation of creative, proactive workers capable of taking the company to the next level.   This commitment also responds to concerns from some parties who worry that training might create new competitors. Yana dismisses this notion. For him, the more educated and trained people, the healthier the property industry ecosystem. If some choose to leave and start their own business, it is a success story of mentoring. Those who stay progress to supervisors, managers, or directors, while those who leave can become equal partners.   Furthermore, Yana shares a broad view on the nation’s development direction. He believes Indonesia is currently stable and needs to refocus on economic strengthening. He urges society to increase literacy and enrich knowledge with useful content, not just shallow entertainment. With high learning culture and a spirit of building, he believes Indonesia can match developed countries and even compete with Singapore and China in the long term.   "Emerald Resort and Yanproland are just small examples of a big dream. In Bandung Barat, an area once overlooked, a new hope is growing. Land that used to cost hundreds of thousands of rupiah per square meter is gradually increasing to millions with incoming investment and development. The presence of exclusive projects not only benefits investors but also opens a better future for surrounding communities," he said.   "Ultimately, what I share is a portrait of how vision, discipline, and courage to seize opportunities can create real change. Bandung Barat is no longer just the city’s backyard but a new magnet for investment and a symbol of the rising middle-class craving quality housing. From cheap land and wide areas, a new civilization is born that will help determine West Java’s, even Indonesia’s, economic direction," Yana concluded.   [SOURCE]

Dec, 10 2025

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