News - Increased 240%, Number of Sharia Stock Investors Reached 151,560 People

Increased 240%, Number of Sharia Stock Investors Reached 151,560 People

Sep, 12 2024

JAKARTA – The number of sharia stock investors on the Indonesia Stock Exchange (BEI) experienced significant growth until early September 2024.

Based on data collected from Sharia Online Trading System (AB-SOTS) Exchange Members as of September 9 2024, the number of sharia stock investors increased by 240% in in the last five years, from 44,536 investors in 2018, to 151,560 investors in July 2024.

From a geographical perspective, as of June 2024, at least the 6 largest regions on the island of Java still dominate the distribution of sharia investors, led by DKI Jakarta (18%), West Java (14%), East Java (12%), Central Java (9%), DI Yogyakarta (6%), and Banten (4%).

Meanwhile, Aceh province is a 'Special Region' whose requirements for the application of Islamic sharia law still contribute 3% of the total sharia investors as of June 2024.

In terms of transactions, as of September 9 2024, the average daily volume of stock transactions included in the Indonesian Sharia Stock Index (ISSI) has reached 76% of the total transaction volume on the IDX.

The total value of sharia share transactions in the first half of 2024 has reached IDR 2.2 trillion, with a volume of 5.8 billion shares. A number of Java regions still control the majority of transactions.

Even though it is not included in the top 10 largest sharia investors, East Kalimantan province actually rose to 6th place, with total transactions of IDR 60.89 billion, overtaking DI Yogyakarta in 7th place.

The increase in the number of sharia stock investors cannot be separated from a series of product development innovations in the sharia capital market, one of which is waqf products.

(SOURCE)

Ahead of National Customer Day, PLN Invests Rp335 Billion for Infrastructure in West Java

Warta Ekonomi, Cirebon - PT PLN (Persero) Central Java Development Unit (UIP JBT) has successfully completed three electricity infrastructure development projects in West Java. This success was marked by the completion of the process of providing the first voltage (energize) on the three infrastructures. The three projects are SUTT Reconductoring 150 kV Rancaekek - Sunyaragi (Section 3), SUTT 150 kV Jatigede Incomer Line 1 Towards 150 kV New Kadipaten Substation and SUTT 150 kV Jatigede Incomer Line 2 Towards 150 kV New Sunyaragi Substation. All three will certainly strengthen the electricity system in West Java in supplying customers' electricity needs. Plh General Manager of PLN UIP JBT, Achmad Ismail said that along with the increasing growth in electricity consumption, PLN also continues to strive to maintain the quality and reliability of the electricity system. The construction of the 150 kV Rancaekek - Sunyaragi SUTT (Section 3) is an effort to improve the reliability of the electricity system in Cirebon, Majalengka and surrounding areas. In addition, the addition of new power plants in West Java also has an impact on the provision of new electricity system networks. “Currently, as we know that customers' electricity needs continue to increase, therefore it is an obligation for PLN to also strengthen the electricity network so that the electricity consumed by customers is quality electricity. In addition, the existence of new power plants such as Jatigede Hydroelectric Power Plant also requires transmission to evacuate its power,” Ismail explained in Cirebon Regency, Saturday (31/8/2024). Ismail added, the construction of new plants carried out by PLN at this time was due to the energy transition towards new renewable energy (EBT). “Jatigede Hydroelectric Power Plant is a manifestation of the commitment of the Government and PLN in realizing the energy transition in order to reduce the emission rate,” he said. PLN invested no less than Rp 335 billion to build the three projects. In the construction of this project, PLN also managed to accelerate the construction which was originally targeted to be completed in November 2024, but was successfully completed today. “All of this work also has a positive direct impact on the surrounding area with the success in absorbing local labor reaching 300 people,” he said. Ismail also expressed his gratitude to all parties who struggled and contributed to this great success. According to him, each party has an important role in its position and it has also been carried out well so that the project can be completed well and even faster than the predetermined target time. “We really appreciate the efforts that have been exerted by all parties involved in this development, starting from the Government, Contractors, PLN Group and of course all the teams in the field who struggled hard to complete this project. Hopefully this infrastructure can operate reliably and provide quality electricity for our customers,” he concluded. SOURCE

Sep, 02 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

Acting Governor of West Java: Investment Efforts Play a Role in Economic Growth

Bandung (ANTARA) - Acting Governor of West Java Bey Machmudin emphasized that efforts to boost investment have yielded sweet results in West Java's economic growth rate, which remains stable. Bey said, in terms of economic growth, West Java's economy remained stable in the second quarter of 2024, with an annual growth rate of 4.95 percent. "This stability is largely driven by the investment sector, which grew by 1.40 percent," he said at the 2024 West Java Investment Summit (WJIS) in Bandung, Thursday. This surge in investment has had a significant impact on labor absorption from 119,866 workers in the first half of 2023 to 185,967 workers in the first half of 2024. "These figures clearly show a direct relationship between investment realization and job creation," he said. Bey pointed out that investment realization in West Java jumped from IDR 103.6 trillion in the first semester of 2023 to IDR 128.32 trillion in the first semester of 2024. This increase shows the attractiveness of this province and its success in creating a good investment climate. "More importantly, this increase in investment has a direct impact on job creation," he said. In the first semester of 2023, as many as 119,866 people were absorbed into the world of work, and this number increased sharply to 185,967 people in the first semester of 2024. Because of this, Bey ensures that there is a direct relationship between investment and employment, showing the important role of investment in West Java's economic growth. According to him, West Java's economic development is not just about numbers, but also about improving the quality of life, opening up opportunities and building a better future. Since 2010, economic growth has been stable at 5-6 percent with per capita income ranging from 2,300 US dollars to 2,500 US dollars. "This progress continues, building a strong foundation for future development," he said. (SOURCE)

Sep, 23 2024

PHOTO: Bank Indonesia West Java Province Annual Meeting 2024

INILAHKORAN, Bandung - Deputy Head of Bank Indonesia West Java Muslimin Anwar delivered his material at the 2024 West Java Province Bank Indonesia Annual Meeting (PTBI) at the Trans Grand Ballroom, Bandung City, Friday 29 November 2024. The PTBI Forum is an important platform for stakeholders to collaborate in formulating strategic steps to maintain economic stability and accelerate transformation towards a more competitive digital-based economy. (SOURCE)

Dec, 02 2024

RK Highlights Tourism Potential and Improvement of Mass Tran

Caption: West Java Governor Ridwan Kamil performs the morning prayer in the Subling congregation at the Ricky Jami Mosque, Cimanggis, Depok, Sunday (4/8/19).DEPOK CITY - West Java Governor Ridwan Kamil said, as the leader, his task was to ensure happiness for 50 million citizens spread across 27 regencies / cities in West Java, including the City of Depok."We have to ensure 50 million residents of West Java to be happy," said Ridwan Kamil (RK) in the Dawn Prayer Congregation at Jami Ricky Mosque, Cimanggis, Depok, Sunday (4/8/19).The Vision of Jawa Barat Juara Lahir Batin must be also felt by the citizens of Depok City.Therefore, RK encourages the development of both infrastructure and Human Resources (HR) in the City of Belimbing.One of the physical or infrastructure development plans that will be carried out by the Provincial Government of West Java in Depok City includes the construction of Dewi Sartika Underpass, Citayam Station structuring, road structuring from Sp Tole Iskandar until Sp Pondok Rajeg, and Situ Rawakalong structuring.RK said that the plan was intended as a solution to the main problem of the City of Depok, namely traffic jams. This year, the plan to improve Depok City is in the process of preparing the Detailed Engineering Design (DED).In addition, RK also suggested the Depok City Government to fix the mass transportation facilities. RK said the reason of congestion is also caused by the density of the road volume by private vehicles both four and two wheels."Please make a long term plan to not use a private vehicle, a citizen in healthy citiy used public transportation," said RK.Regarding tourism potential, RK assessed that Depok has a great tourism potential to be developed. One of them is by structuring or revitalizing lake in Depok.By structuring a number of lake, he hopes that the number of tourist destinations will increase and Depok City's Original Local Revenue from the tourism sector will increase."Depok has many lakes, need to regenerate, for example Situ Rawakalong. Depok must not have any wasteful land, "said RK.While for the Depok young generation, West Java Provincial Government will build a building of creativity complete with various facilities such as music studios, craft, painting, and others.RK asserted, the young generation must be occupied with various activities that hone creativity so that they can be productive in producing work, as well as boast through printed achievements.RK also explained the concept of Jabar Masagi namely physical quotient (PQ), intelligence quotient (IQ), emotional quotient (EQ), and spiritual quotient (SQ), in order to realize superior generation of empowered young West Java."In the context of superior people in West Java, please remember to make West Java children have four values, physically tough (PQ), intelligent children (IQ), moral (EQ), and pious, mosque experts (SQ)," said RK.RK added that he would fully serve West Java as an embodiment of the principle of 'khoirunnas anfa'uhum linnas' which means that the best human beings are the most useful for other humans."Until the last of office position, giving secure and comfort (for residents of West Java)," said RK ended.-----------------------------HUMAS JABARHead of the Public Relations and Protocol Bureau of the Regional Secretariat of West Java Province Hermansyah

Aug, 16 2019

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