News - Domestic Direct Investment (PMDN) Controls 56.9 Percent of Investment Realization, Making West Java a National Economic Driver

Domestic Direct Investment (PMDN) Controls 56.9 Percent of Investment Realization, Making West Java a National Economic Driver

Dec, 16 2025

bukamata.id – West Java Governor Dedi Mulyadi's efforts and policies to create a comfortable and business-friendly investment climate have borne fruit.

In the third quarter of 2025, West Java once again recorded the highest investment realization in Indonesia.

According to the third quarter 2025 investment realization report released by Investment Minister Rosan Roeslani on Friday (10/17/2025), West Java remains the main driver of national investment growth, with impressive achievements.

National Investment Realization Reaches IDR 491.4 Trillion

Nationally, investment realization in the third quarter of 2025 reached IDR 491.4 trillion, a 13.9 percent year-on-year (yoy) growth compared to the same period in 2024.

Of this total, Domestic Direct Investment (PMDN) dominated, accounting for 56.9 percent, or IDR 279.4 trillion, while Foreign Direct Investment (PMA) reached IDR 212 trillion, or 43.1 percent.

Investment realization by the end of the third quarter of 2025 had reached 75.3 percent of the national target of IDR 1,905.6 trillion set by the government this year.

West Java Remains at the Top of the List of Investment Destination Provinces

West Java has successfully maintained its position as the province with the highest investment realization in Indonesia, with a total investment value reaching IDR 77.1 trillion.

Next in line are Jakarta (IDR 63.3 trillion), Central Sulawesi (IDR 33.4 trillion), Banten (IDR 30.8 trillion), and East Java (IDR 30.4 trillion).

In the domestic investment (PMDN) sector, West Java also leads, with IDR 41.8 trillion (15%) of the national total. This is followed by Jakarta with IDR 40.8 trillion (14.6%) and East Kalimantan with IDR 23.5 trillion (8.4%).

Meanwhile, in the FDI sector, West Java remains the favorite for foreign investors, with USD 2.2 billion (16.7%), ahead of Central Sulawesi (USD 2 billion), Jakarta (USD 1.4 billion), North Maluku (USD 1 billion), and Banten (USD 0.8 billion).

Dedi Mulyadi: Investment Must Be Friendly and Efficient

Governor Dedi Mulyadi expressed his appreciation to all parties, including the provincial, district/city governments, as well as industry and business players, who have worked together to maintain investor confidence in West Java.

He emphasized that the provincial government is committed to maintaining investment stability and convenience through expedited licensing, infrastructure development, and guarantees of security and legal certainty.

"What we're building is investment. How can investment grow? It must be friendly. Licensing must be fast, infrastructure must be well-built, and the government must be present to provide convenience," said KDM, Governor Dedi's nickname.

Firmly Combating Thuggery and Protecting the Business World

Despite high investment achievements, KDM acknowledged that challenges remain, such as thuggery practices around industrial areas.

To that end, he will instruct the Provincial and Regency/City Manpower Offices to establish a rapid response complaint service for companies.

According to him, this step demonstrates the regional government's commitment to ensuring a comfortable business environment.

"The government cannot simply collect taxes. The government must be present to provide a sense of security. The Manpower Office in each region is required to establish a complaint service for companies," he emphasized.

With this approach, the West Java Provincial Government aims to ensure that the industrial sector and investors have a safe, comfortable, and sustainable space to grow.

Pro-Investment Policies Become a Pillar of West Java's Economic Growth

Dedi Mulyadi's policies in creating a conducive investment climate have had a direct impact on regional economic growth and employment.

The continued increase in investment also demonstrates that West Java is the region most prepared to welcome global and domestic capital flows, while also supporting the national economy.

[SOURCE]

Bey Shows Off West Java's Potential Wealth at WJIS 2024

Bandung - Acting Governor of West Java, Bey Machmudin revealed the wealth of both natural and human resources in his area. In front of investors at 'The 6th West Java Investment Summit 2024: Unleashing West Java Investment, Catalyst for Growth', Bey began by explaining the economic conditions in the second quarter of 2024 in West Java which are still relatively stable with a growth rate of 4.95 percent from 2024. to year. "Economic stability is supported by the investment sector with growth of 1.40%. There was an increase in investment realization between the first semester of 2023 and the first semester of 2024, which is directly proportional to the increase in labor absorption," said Bey in his speech before the audience in English, Thursday (19/9/2024) at The Trans Luxury Hotel Bandung. In addition, West Java is directed as a center for cutting-edge industrial innovation and global STEAM education, as well as a pillar of national food security. This has resulted in a large number of high-tech foreign investments in West Java. Investment in West Java, the future, is directed as a driving force in encouraging economic transformation to get out of the middle class trap (middle income trap). This is done by improving the investment climate, increasing the quality and competency of the workforce. "With foreign investment in West Java largely driven by high-tech industries, it is critical for the local workforce to prepare for the future and embrace new skills for a technology-driven economy," said Bey. Three Visions for West Java in 2045 He also revealed that there are three visions for West Java in 2045, namely having the highest level of progress and development compared to other provinces, having an advantage at world level in various aspects, and being able to ensure the preservation of natural resources and environmental quality with good governance in the long term. long. Bey also mentioned the continuation of new industrial city projects in the Rebana area that are ready to be launched, namely Cipali New Industrial Zone in Subang and Kertajati Aerotropolis in Majalengka. The West Java Provincial Government seems quite confident in the investor meeting agenda, by showing off 170 potential investments, 40 projects ready to be offered, and 37 existing project exhibitions. "We from the West Java Provincial government certainly express our gratitude and welcome to investors. Our target in this West Java Investment Summit is the targeted investment of IDR 117.6 trillion from a total of 40 projects being offered," said Bey. This agenda also saw the moment of four signing agreements, namely between the Sukabumi Regency Government and CV Menata Citra Selaras, PT Tirta Gemah Ripah and PT Tigalapan Investama Group, PT Migas Utama West Java and PT Subang Energi Abadi, as well as the West Java Provincial Government Secretariat and PT Hyundai Motor Manufacturing Indonesia. Apart from that, there were also awards in five regions as Best Investment Challenge. The Best Investment Project for the National Strategic Program was won by Subang Regency, the Best Investment Project for Basic Needs & Social Welfare was won by Purwakarta Regency, the Best Investment Project for Inflation Control was won by Sukabumi Regency, the Best Investment Project for Downstream Local Economy was won by Ciamis Regency, and the Best Investment Project for Regional tourism was achieved by Garut Regency. "Earlier, for example, when the MoU was signed, there were several technological improvements, such as in Sukabumi, the increase in rice productivity was worth 1.5 trillion. So we encourage investment to go to West Java, because only with investment can we open jobs and also increase economic growth in West Java," Bey hoped. So far, according to Bey, investor interest has been very good. He also seems optimistic that more foreign companies will invest in West Java, one of which is an automotive company from Vietnam. Not to mention various other countries outside the Asian continent. "I see that they are interested. Some are already convinced that they will invest from Vietnam, VinFast will be produced next year, it's an electric vehicle, so several areas such as Subang, Karawang and also BIJB Aerocity have started land acquisition of 1,600 hectares. So "Yes, for Kertajati there has been investment. So far, Japan, South Korea, China, Singapore, UAE, Australia, the Netherlands, Tanzania, Poland and Angola are interested," said Bey. On the other hand, Head of Bank Indonesia West Java Province Representative, Muhammad Nur said that this agenda was held regularly to attract and provide knowledge to potential investors. Everything was done for the sake of developing West Java Province. "Thank God, today we have opened our 6th WJIS activity in 2024, and there are quite a lot of projects on offer. The most important thing is that at the opening alone we already have 5 MoUs, later there will also be one on one meetings. Process "We have always collaborated with the ranks, through various activities, and we have also carried out something called an investment challenge," he said. "Hopefully we will be better prepared for the next event. So that later more investors will be able to realize the investments we have offered. So this is a very good collaboration and we hope this will continue to encourage economic growth in West Java Province," added Nur. Also present on the agenda was the Deputy for Investment Promotion at the Ministry of Investment, Saribua Siahaan. He, representing the central government, admitted that he was happy with the investor meeting to find out the potential in West Java. According to him, investors who come must be made easier and welcomed for the sake of the progress of West Java. Saribua also revealed that West Java is one of the places most favored by investors. "One of the ways the government convinces investors is through investment project ready to report. This means that when he is interested in a project, he can already calculate how much he actually wants to invest, what the IRR is, and how long it will take to develop. So that is "One certainty for investors before he decides, okay, I will invest in this sector, the location is here," said Saribua. "So this is the development of the best destination. It is proven that investment in West Java, especially Japan, is very large. 80% of investment from Japan is in West Java. So our collaboration between investment and West Java, the sociality of this capital receipt is very- very good," added Saribua. (SOURCE)

Sep, 23 2024

Investment in Bekasi Regency Reaches 20 Percent, Property Sector Contributes

PIKIRAN RAKYAT - Capital investment in Bekasi Regency in the first quarter of 2024 has reached 20 percent. This figure is believed to continue to increase as the number of investments from various sectors in this area nicknamed Industrial City increases. One factor that also increases investment is sales from the property sector. Acting Regent Dani Ramdan said that investment realization was a positive point of growth. In fact, it is believed that investment in Bekasi Regency in 2024 will increase compared to the previous year after financial conditions have completely recovered. "This year the investment that has come in is around more than 20 percent. The numbers continue to increase until they close at the end of the year. However, judging from the progress of the past few months, we believe there will be an increase in investment realization as conditions in the business world continue to recover. "And we are grateful that Bekasi Regency is still the main choice," said Dani. Reflecting on 2023, investment realization in Bekasi Regency reached IDR 61,211,307,193,110. This realization increased significantly compared to 2022, which amounted to IDR 47.03 trillion. Every year, investment in Bekasi Regency is always the highest in West Java with a percentage reaching 29.06 percent. With the current achievement of 20 percent, if calculated from last year's realization, investment in Bekasi Regency has now reached IDR 12.24 trillion. One of the major investments that has attracted attention is the opening of a number of new factories in various sectors ranging from manufacturing, automotive to household needs. Then the realization of this investment was also injected from sales in the property sector. One of the largest property developers in Bekasi Regency, Lippo Cikarang also recorded sales figures of 23 percent or IDR 325 billion in the first quarter of this year. This sale is believed to be within the company's target set at IDR 1.4 trillion at the end of the year. LPCK President Director Ketut Budi Wijaya said that the company's main income comes from the handover of landed houses, commercial units or shophouses, industrial land as well as non-property income from Lippo Cikarang city management. These include a number of housing projects such as Waterfront Estates and The Hive, which have handed over 230 units. "Indeed, there was an increase in the positive direction in the first quarter of this year. Excluding sales, the company's total revenue was IDR 435 billion or an increase of 175 percent compared to the first quarter of last year. Of course we are proud to be able to help increase the realization of investment in Cikarang," he said . Ketut predicts that the opportunity for the industry to continue to grow is still very open. This can be seen from the high market demand for both private residences and industrial purposes. "The company has succeeded in achieving pre-sales of 23 percent of the annual target, and we believe there will continue to be an increase," he said. (SOURCE)

May, 15 2024

These are the Conditions For Moving to the Upstream Oil and Gas Investment Scheme

The government is currently making adjustments to more flexible upstream oil and gas (oil and gas) investment regulations. This initiative is expected to provide easy benefits for Cooperation Contract Contractors (KKKS) in running oil and gas businesses in Indonesia. They were even offered a new gross split scheme which was simpler and more feasible. This regulation is contained in the Minister of Energy and Mineral Resources (MEMR) Regulation Number 13 of 2020 and the Decree of the Minister of Energy and Mineral Resources Number 230.K/MG.01.MEM/2024. The essence of improving the gross split profit sharing scheme is to provide guaranteed profit sharing of around 75-95 percent for contractors, make Non-Conventional Oil and Gas Work Areas (WK) more attractive, simplify parameters, and provide more flexible (agile) options to contractors. "This simplification is not only to encourage a new gross split, but also the government provides flexibility for contractors to choose the type of contract according to the contractor's convenience. Please allow contractors who want to move to Cost Recovery from the previous Gross Split or vice versa," said the Director of Upstream Oil and Gas Development. Ministry of Energy and Mineral Resources Ariana Soemanto in Jakarta, Saturday (5/10). The implementation of this policy, continued Ariana, applies to contracts signed after Ministerial Regulation Number 13 of 2024 regarding Gross Split Production Sharing Contracts. Meanwhile, existing oil and gas contractors whose contracts were signed before the Ministerial Regulation was issued can switch to a new gross split contract with several notes. First, the old gross split scheme contracts for MNK, including coal methane gas and shale oil/gas, can switch to the new gross split scheme. "This is like the MNK Coal Methane Gas project in Tanjung Enim. It will soon switch to a new gross split so that it can run because the economics are improving," explained Ariana. Second, the cost recovery scheme contract can switch to a new gross split scheme, as long as it is still in the exploration stage and has not received approval for the first plan of development (POD-I) from the Government. "As for old or existing gross split scheme contracts that are already in the production stage, they cannot be changed to the new gross split scheme, but can be changed to cost recovery scheme contracts," said Ariana. To date, there are at least five contractors/blocks who have expressed interest in using the new gross split scheme, in accordance with the Regulations and Decree of the Minister of Energy and Mineral Resources. "Who and which blocks, we should wait for the formalities later. Of course, it's up to the contractor to choose which contract scheme suits each contractor's risk profile. What's important is that we improve the investment climate to make it more attractive, to encourage the discovery of oil and gas reserves and production in the future ," said Ariana. As is known, the Ministry of Energy and Mineral Resources has just issued Minister of Energy and Mineral Resources Regulation Number 13 of 2024 concerning Gross Split Production Sharing Contracts which was signed on August 12 2026. This Ministerial Regulation replaces Minister of Energy and Mineral Resources Regulation Number 8 of 2017 concerning Gross Split Production Sharing Contracts which has been adjusted several times. Apart from that, Decree of the Minister of Energy and Mineral Resources has also been stipulated Number 230.K/MG.01.MEM.M/2024 concerning Implementation Guidelines and Components of Gross Split Production Sharing Contracts. "The government will always try to fulfill stakeholder input while maintaining the interests of the state," concluded Ariana. (NA) (SOURCE)

Oct, 07 2024

Creative Market 2024 on 23 Paskal, Come Buy Bandung City MSME Products

The 2024 Creative Market event is now entering its fifth point, namely on 23 Paskal. A total of 46 Bandung City MSMEs participated in this event. These MSME players consist of fashion, crafts and culinary. The 2024 Creative Market was also held thanks to the collaboration of the Bandung City Department of Trade and Industry (Disdagin), Bandung City Dekranasda, and other collaborators. Before being held at 23 Paskal, the Creative Market was also held at Kings Shopping Center, Trans Studio Mal, Paris Van Java, and Cihampelas Walk. Acting Head of Bandung City Disdagin, Ronny Ahmad Nurudin, is optimistic that this activity can be a forum for Bandung City MSMEs to get lots of buyers. He also said that from the first 3 events alone, the Creative Market's turnover had reached IDR 5 billion. "The turnover is definitely above IDR 5 billion. We haven't received the latest report yet. Only 3 malls have reached that figure," said Ronny, Monday (8/7/2024). "We feel lucky, holding the 2024 Creative Market coincides with many big events in the city of Bandung. So many prospective buyers who come also come from outside the city of Bandung. Those who are traveling, go to the mall, then see the Creative Market," he said. He also said that the presence of the Creative Market during holiday seasons such as school or lecture holidays also increases the number of visitors who attend. Moreover, recently the city of Bandung held many major celebrations, such as the 69th Anniversary of the Asia-Africa Conference. "We received information that there were a lot of visitors and buyers. So not only did they visit, but they were immediately interested in buying. Moreover, each mall has its own segment," he said. He invited Bandung City residents and tourists to shop at the Creative Market. Because, continued Ronny, local Bandung City products can now compete and follow market trends. "Visit the malls, especially those holding the Creative Market. Let's shop for local products that are proud of the city of Bandung," he said. Acting Chair of the Bandung City Dekranasda, Linda Nurani Hapsah, said that the Creative Market is an effort by the Bandung City Government to promote the best local products from the City of Bandung. Linda visited the 2024 Creative Market at 23 Paskal while chatting with all the MSME players there. He also invited Bandung residents and tourists to stop by the 2024 Creative Market. Especially the one currently being held at 23 Paskal. "Don't forget to come to 23 Paskal, don't forget to buy creative products from Bandung City MSMEs," he said. For information, the 2024 Creative Market will be present on 23 Paskal between 5-14 July 2024. Furthermore, the final point of this activity will take place at the Citylink Festival, 12-21 July 2024. SOURCE

Jul, 09 2024

Affirmate Group Invests in BOT Finance, Bumiputera Identity Officially Removed

KONTAN.CO.ID – Affirmate Group, a business consulting and investment services firm in Indonesia, has expanded its investment portfolio into the financial services sector. In early March, the advisory arm of PT Affirmate Bisnis Nusantara (ABN) finalized its investment in PT BOT Finance Indonesia. The transaction was completed after obtaining approval from the Financial Services Authority (OJK) at the end of January 2026. Through this investment, Affirmate Bisnis Nusantara now holds a 5.6% stake in BOT Finance. The majority stake remains owned by MUFG Finance and Leasing Co Ltd (85%), followed by Yayasan Pendidikan Keluarga Wiryoprawiro (9.4%). This investment reflects ABN’s strong commitment and strategic initiative to build a sustainable business collaboration platform between Indonesia and Japan. Going forward, the investment is expected to further strengthen bilateral cooperation in the financial services sector, support corporate growth, and expand cross-border investment opportunities. “This investment is expected to drive business growth and enhance positive performance amid increasingly challenging conditions,” said Yukifri Nazir, CEO of Affirmate Bisnis Nusantara, in an official statement on Monday (March 2). By way of overview, BOT Finance offers a wide range of services, including investment financing, working capital financing, multipurpose financing, and operating leases. In 2025, BOT Finance’s asset portfolio consisted of vehicle financing (43%), heavy equipment (35%), and machinery (22%). According to its 2024 sustainability report, BOT Finance disbursed Rp 1.03 trillion in new financing. BOT Finance is considered one of the oldest Japanese leasing companies in Indonesia. Established in 1982 under the name Bumiputera-BOT Finance, it was a joint venture between insurance company AJB Bumiputera 1912 and BOT Lease (which changed its name to MUFG Finance and Leasing Co Ltd in October 2025). In 2024, its shareholder composition was AJB Bumiputera (30%), BOT Lease (MUFG FL) (60%), and Yayasan Pendidikan Keluarga Wiryoprawiro (10%). However, in July 2024, OJK approved the removal of the “Bumiputera” name, allowing the company to operate under the name BOT Finance. Following Affirmate’s entry as a minority shareholder, in February 2026 Bumiputera divested its entire stake by selling all its shares to MUFG Finance and Leasing Co Ltd. Meanwhile, Affirmate Group, established in 2019, has built its track record through partnerships with business leaders, corporations, and financial institutions from Indonesia and Japan. ABN supports cross-border business growth and investment between the two countries, serving more than 50 corporate clients. One of Affirmate’s milestones was acting as business advisor to PT Solusi Sinergi Digital Tbk (WIFI), where it played a role in introducing NTT East as a strategic investor. NTT East entered in the second half of 2025 with an investment commitment of Rp 4 trillion. [Source]

Mar, 03 2026

Navigation