Successfully Recording Sustainable Investment Realization, West Java BI and West Java Provincial Government Further Strengthen Synergy for a Strong Economy in 2025
BANDUNG WETAN, AYOBANDUNG.COM -- Synergy and collaboration between Bank Indonesia and the West Java Provincial Government have succeeded in bringing the West Java economy to grow strongly in 2024.
The BPS release stated that the West Java economy in 2024 grew by 4.95% (year-on-year) compared to other provinces on the island of Java.
The growth achievement of West Java Province is the second highest after DI Yogyakarta. The growth mainly comes from increased community mobility during the Nataru holidays and high investment.
In 2024, West Java's investment performance again recorded extraordinary achievements, with a total investment reaching IDR 251.1 trillion, while making West Java the province with the highest investment value in Indonesia and equivalent to 14.7 percent of national investment realization.
Head of the West Java Bank Indonesia Representative Office, Muhamad Nur, expressed his appreciation for the achievement of West Java's investment performance in 2024.
He emphasized Bank Indonesia's commitment to overseeing investment and economic growth in 2025 amidst the challenges faced.
In addition, Nur said, Bank Indonesia will continue to synergize with the West Java Provincial Government in realizing the achievement of Asta Cita, including through investment development that will support the achievement of the 3rd Asta Cita, increasing quality employment, encouraging entrepreneurship, developing the creative industry, and continuing infrastructure development.
"This synergy is expected to continue to drive economic growth in West Java, make West Java more competitive and attractive to investors, and create a positive impact on the regional economy," said Nur at the Bewara Jawa Barat (BEJA) Talkshow on Tuesday (11/2/2025).
On the same occasion, the Acting Governor of West Java, Bey Machmudin, also expressed his appreciation for the achievement of West Java's investment realization in 2024.
Bey hopes that the realization of this investment will have a real impact on improving people's welfare.
"The strong commitment of the West Java Provincial Government in creating a good investment climate is also proven by the achievement of the Investment Service Award (ALI)," said Bey.
This cannot be separated from the synergy with Bank Indonesia which is realized through various activity programs such as the West Java Investment Summit (WJIS).
In the talk show session, the Head of the West Java DPMPTSP, Nining Yuliastiani said that the processing industry and information and communication sectors are still the main sectors that attract investors throughout 2024.
Nining added that various strategic steps have been prepared to make it easier for investors to invest in West Java, including through the OSS application and one-stop integrated service center.
"The synergy of new work programs such as the West Java Investment Hub and the Investment Localpreneur Partnership are also ready to encourage increased investment in West Java 2025," said Nining.
Meanwhile, Deputy Head of Bank Indonesia West Java Representative Office, Muslimin Anwar, added that economic growth in 2025 is predicted to be in the range of 4.7-5.5% (yoy) driven by increased consumption activity, improved exports and a more conducive investment climate.
Meanwhile, Muslimin continued, the investment prospect in 2025 is predicted to grow strongly in the range of 7%-7.8% (yoy), supported by the downward trend in interest rates from world Central Banks to the commitment of the 5th Asta Cita to encourage downstreaming and industrialization which can be a positive stimulus for the West Java processing industry sector.
"However, it is still necessary to be vigilant against the potential for widening divergence in world economic growth and the pressure of weakening various world currencies," said Muslimin.
Muslimin also explained that Bank Indonesia's pro-stability and pro-growth policy mix will continue to support stability by continuing to monitor growth space.
"Bank Indonesia has also strengthened the macroprudential liquidity policy (KLM) regulations which can ultimately contribute to job creation and improving public welfare," said Muslimin.
Therefore, Muslimin emphasized, Bank Indonesia continues to be committed to facilitating and supporting the flow of investment in order to make the priority program of the Special West Java Government 2025 a success, through various policy channels, to the integration of the Investor Relations Unit (IRU) - Regional Investor Relations Unit (RIRU) - Global Investor Relations Unit (GIRU) which can support the effectiveness of trade and investment promotion activities.
"The synergy and collaboration of Bank Indonesia Jabar's program activities with the West Java Provincial Government such as the West Java Investment Challenges and the West Java Investment Roadshow will continue to be implemented to promote West Java investment projects," he said.
(SOURCE)