News - Investing IDR 160 T, Jokowi Inaugurates Electric Vehicle Battery Factory in Karawang

Investing IDR 160 T, Jokowi Inaugurates Electric Vehicle Battery Factory in Karawang

Jul, 05 2024

Indonesian President Joko Widodo (Jokowi) inaugurated the first and largest electric vehicle battery factory in Southeast Asia, which was held at PT Hyundai LG Indonesia (HLI) Green Power, Karawang, West Java.

Jokowi said that the inauguration of this battery and electric vehicle factory would be a new chapter and milestone in Indonesia's commitment to becoming a global player in the battery cell and electric vehicle EV ecosystem.

“Most importantly, we must truly be able to enter as a global player in the electric vehicle supply chain. "This one has already started and this is the first and largest EV battery cell factory in Southeast Asia," said Jokowi, quoted Thursday, July 4 2024.

Jokowi believes that nothing can stop Indonesia from competing in the electric vehicle ecosystem and the materials are already complete in Indonesia.

"I am confident that we will be able to win our competition with other countries, because the mine is here, the nickel is here, the bauxite is here, the copper is here, there is a smelter, it goes into the cathode and precursor, then into EVs. battery, then the car factory is here, integrated into an ecosystem for electric cars," he stressed.

The former Governor of DKI Jakarta also really appreciates the consortium between Hyundai and LG in building the grand package electric battery ecosystem, this indicates that relations between South Korea and Indonesia are getting better.

"With an investment of IDR 160 trillion which will be completed in stages. "Hopefully this will mark the improvement in relations between the Republic of Korea and Indonesia," he concluded. (*)

SOURCE

Bey's dream is to make Ciayumajakuning a tourist favorite in West Java

Bandung - The tourism potential stored in the Ciayumajakuning area (Cirebon, Indramayu, Majalengka, Kuningan) has made Acting Governor of West Java Bey Machmudin pay special attention. Bey optimistically believes that tourism in Ciayumajakuning can develop rapidly and become the new star of West Java. To make this happen, Bey is collaborating with young people to accommodate aspirations related to tourism development in Ciayumajakuning. "I want tourism in West Java to develop and listen to the opinions of young people (Bobobox) or those who have a contemporary vision and mission," said Bey at Gedung Sate, Bandung, Tuesday (30/1/2024). Bey targets that tourists from outside the region will be the main focus in efforts to develop the Ciayumajakuning area. He said the existence of the West Java International Airport (BIJB) could support this plan. "Basically, I ask, try where tourism is interesting and if possible, that destination attracts tourists from outside West Java, so use a plane (from Kertajati). I ask that the focus be on Ciayumajakuning to attract tourists to the area because that is also for (development of) BIJB," he said. Currently, Bey continued, tourists still choose the Lembang, Puncak Bogor and Pangandaran areas as tourist destinations in West Java. In the future, Bey wants the Ciayumajakuning area to become the new prima donna of tourism in West Java. "From Bobobox data, the busiest ones are Lembang, Puncak and Pangandaran. I ask that Ciayumajakuning also be developed for its tourism potential," said Bey. Apart from developing tourism in Ciayumajakuning, Bey revealed that the West Java Provincial Government is also working to increase tourism in West Java as a contributor to Regional Original Income (PAD). "Essentially, we want to collaborate with all parties so that West Java's tourism potential is truly accommodated because there is everything here, from the beaches to the mountains," he said. "We are starting to think about PAD from the tourism sector. So anticipate from now on, don't let us confuse ourselves in finding sources of PAD," concluded Bey. (SOURCE)

Feb, 06 2024

Flooded with Investment Worth IDR 10.6 Trillion, This Toll Road in West Java Becomes a Connector for Industrial Areas

LENGKONG, AYOBANDUNG.COM -- West Java has another new toll road. This time, the toll road owned by West Java has a fairly high investment value. It is known that the investment value of the toll road present in West Java is IDR 10.6 trillion. The toll road in West Java has now been inaugurated and is already operating. The presence of this toll road makes two vital areas in West Java connected. The toll road in West Java that has an investment value of IDR 10.6 trillion is the Cimanggis-Cibitung Toll Road. The Cimanggis-Cibitung Toll Road connects Depok City and Bekasi Regency. The two areas connected by this toll road are vital areas in West Java. This is because the two areas are industrial areas in West Java. The presence of the Cimanggis-Cibitung Toll Road certainly increases mobility and connectivity between the two areas. Economic growth in this industrial area is certainly also getting better thanks to the Cimanggis-Cibitung Toll Road. This toll road can also facilitate the flow of logistics in industrial areas in Bogor and Bekasi Regencies. The Cimanggis-Cibitung Toll Road stretches 26.18 kilometers and consists of two toll road sections. Although part of West Java, this toll road is part of the Jakarta Outer Ring Road (JORR) 2 Toll Road. The Cimanggis-Cibitung Toll Road is also part of the Trans Java Toll Road which is connected to the Cikampek Toll Road. This toll road functions to reduce vehicle congestion on the Cikampek Toll Road. That is the toll road in West Java that was showered with Investa worth IDR 10.6 trillion which is a connecting industrial area.*** (SOURCE)

Mar, 19 2025

Green Light from BKSL, LPCK, and DMAS: Dedi Mulyadi Revokes Moratorium on Housing Permits

West Java Governor Dedi Mulyadi has signaled that he will reopen the housing development permit market. This is a positive signal for property companies listed on the Indonesia Stock Exchange (IDX). In a recent statement, Dedi stated that the moratorium on housing permits will be lifted starting in February 2026. Furthermore, the revocation will be carried out gradually and selectively based on recommendations from academic studies from IPB University and the Bandung Institute of Technology (ITB). He also explained that the moratorium stipulated in Governor's Circular Letter No. 180/2025 remains in effect. However, the West Java Provincial Government is currently mapping areas that are ecologically viable for development without triggering flooding. "I have asked IPB and ITB to conduct a study to determine which areas are suitable for housing based on existing spatial planning and existing housing developments. Recommendations will be issued gradually starting in February," said Dedi Mulyadi after a dialogue with the developer association and the Minister of Housing and Settlement Areas (PKP), Maruarar Sirait, as quoted on Friday (January 23). Several property issuers have exposure to West Java, including PT Sentul City Tbk (BKSL), PT Kentanix Supra International Tbk (KSIX), PT Puradelta Lestari Tbk (DMAS), PT Ciputra Development Tbk (CTRA), and PT Metropolitan Land Tbk (MTLA). BKSL, for example, is developing the Sentul City independent development in Bogor, featuring several residential and commercial projects, such as Arcadia Residence & Square, Spring Residence, Spring Valley Extension, and Spring Garden. Phintraco Sekuritas recommends investors interested in investing in BKSL shares with short-term targets of 150, 160, and 170. Meanwhile, DMAS is developing Kota Deltamas, an approximately 3,200-hectare development in Central Cikarang, Bekasi, which integrates industrial, residential, commercial, and public facilities. CTRA is developing Citra City Sentul (Citra Sentul Raya) in Bogor, a township spanning approximately 400 hectares. D'Origin Advisory recommends that investors interested in acquiring CTRA shares enter when the price reaches 890, with a target price of 945 and 1,050. Meanwhile, KSIX has several projects in West Java, particularly in Bogor. These include Grand Nusa Indah (GNI) in Cileungsi, Adhigana, and Permata Nusa Indah Situsari, located in Bogor. MTLA, the company has several projects in West Java, including Metland Transyogi (Cileungsi, Bogor), Metland Cileungsi, Metland Cibitung, Metland Cikarang, and most recently, Metland Kertajati (Majalengka). The Lippo Group is also developing housing in Bekasi Regency through PT Lippo Cikarang Tbk (LPCK). LPCK's sentiment also stems from the Ministry of Housing's plan to turn the Meikarta area, developed by Lippo, into subsidized apartments. Basis for Issuing Housing Permits Dedi explained that the results of the study will form the basis for the government to undertake a large-scale transition in housing locations, including shifting from landed housing development patterns to vertical housing. He openly stated that the frequent flooding in West Java is a consequence of uncontrolled land conversion for housing. "Regarding housing development, we know that the current flooding mostly occurs in residential areas. Are we going to allow this flooding to worsen? There must be a solution. Areas prone to flooding should no longer be developed as residential areas," he said. This policy, Dedi continued, will serve as a selection process for developers. In the future, only developers with the capacity to build vertical housing (apartments or flats) will survive in urban areas like Bandung. Although the study's recommendations will be released in February, Dedi provided A stern warning issued that certain areas must remain off-limits to concrete under any circumstances, in order to preserve the ecology. "Absolutely not. No rice fields, no swamps, no cliffs, no riverbanks," he said. Furthermore, Dedi emphasized that developers will also be required to obtain a recommendation from the Regional Disaster Management Agency (BPBD) before issuing permits. Dedi also reminded those who have already received permits that President Prabowo Subianto's policy, reinforced by the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN), prohibits land conversion for development. [SOURCE]

Jan, 26 2026

Ministry of Investment: Downstreaming Is a Priority In The New Government

Jakarta (ANTARA) - The Ministry of Investment/Investment Coordinating Board (BKPM) said the policy of processing raw materials into high added value products (downstreaming) will be one of the priority programs for the next government. "This has been planned since the time of President Jokowi and God willing, later the President-elect, Mr Prabowo, will become one of the priorities, downstreaming this," said Deputy for Investment Climate Development at the Ministry of Investment/BKPM Riyatno at the Investortrust Future Forum in Jakarta, Wednesday. He said the next government's commitment to advancing downstreaming in the country was because this regulation had provided many benefits for the Indonesian economy. For example, processing in the nickel sector provides added value of 11.4 times when processed into nickel sulfate, increases again 19.4 times when sold as a precursor, and increases up to 67.7 times when sold in the form of vehicle battery cells. electric (electric vehicle/EV). Apart from that, Riyatno said that in order to maintain the downstream ecosystem in a sustainable manner, according to him, the Ministry of Investment has implemented several things, such as issuing supporting regulations, tax incentives, encouraging financial sector policies, as well as regulations prohibiting the export of raw materials for nickel, bauxite, copper and tin. "One of the tax incentives handled through the Ministry of Investment/BKPM is tax holidays and also tax allowances. Then there are also financial sector policies, namely the OJK issuing policies in the banking industry to support the acceleration program for battery-based electric motorized vehicles, for example," he said. Previously, the President of the Republic of Indonesia, Joko Widodo, entrusted the continuity of industrial downstreaming to the development project for the Indonesian Capital City (IKN) to Prabowo Subianto after becoming President of the Republic of Indonesia for the period 2024 - 2029. President Jokowi emphasized that the sustainability of people's programs, whether it is the sustainability of infrastructure development or human resources (HR), is very important. (SOURCE)

Oct, 01 2024

Economic Growth in Rebana Region Reaches 5.8 Percent, Above West Java and National Averages

TRIBUNJABAR.ID, MAJALENGKA - The Rebana or Cirebon-Patimban-Kertajati economic sector grew by around 5.8 percent. The economic growth rate of the Rebana region, which exceeds 5 percent, is claimed to be higher than the West Java and national averages. Bernardus Djonoputro, Managing Head of the Rebana Area Management Agency (BP), said that the figure which was above the West Java and national averages made the Rebana area's economic growth rate record a positive trend. “The function of the Rebana area as a growth city has been running, even relatively fast, because the figure is above the West Java and national averages,” said Bernardus Djonoputro when met after the Focus Group Discussion (FGD) Launching the New Industrial City of Kertajati Aerotropolis for the Planned Development of Industrial-Based New Cities in Majalengka Regency, Wednesday (21/8/2024). Bernardus said that investment realization in the Rebana area in the first semester of 2024 also increased by 8.5 percent compared to last year, creating many new jobs. He is optimistic that the Rebana area will be transformed into a new economic pole for West Java in the future as planned. Moreover, 13 new industrial-based residential areas have also grown well in the Rebana area in the last 1.5 years to two years. “Seven of them already have economic activities, and we noted that there are two industrial-based residential areas with very intense activities,” said Bernardus Djonoputro. The two areas are East Cipali in Subang Regency, and the Kertajati - Jatitujuh area in Majalengka Regency. The two areas are also very promising progress along with the large value of investment that has entered the East Cipali and Kertajati - Jatitujuh areas. “Therefore, at the moment of West Java's 79th Anniversary, we are ready to launch these two areas as a story of progress in the Rebana region,” said Bernardus Djonoputro. SOURCE

Aug, 22 2024

Navigation