News - Investment Disbursement to Indonesia until June 2024 Reaches IDR 6,931 Trillion

Investment Disbursement to Indonesia until June 2024 Reaches IDR 6,931 Trillion

Oct, 01 2024

JAKARTA - Investment achievements in Indonesia are said to have reached IDR 6,931 trillion by June 2024. Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani explained that this figure was achieved during the Advanced Indonesia Cabinet period or the second period of the Jokowi administration.

In the 2024 Investment Service Award event with the theme One Stop Integrated Service Performance and Accelerated Business Implementation Performance which was held on Monday (30/9/2024), Minister Rosan projected that the value of investment in Indonesia would continue to increase.

According to him, the achievement of this investment realization shows that the policies issued by the government were responded to positively by investors, and what is even more interesting is that during this period the investment invested was spread not only on the island of Java, in fact it was mostly outside Java.

"This is an increase of approximately 18% every year. And this is an increase in investment of 90.2% compared to 5 years ago," said Minister Rosan.

"We know that we have to continue to make improvements, reform policies, policies and regulations in order to improve our investment climate. Moreover, with the Ciptaker Law which has provided cover, we have become more open," he added.

It was further stated that apart from the large investment value, the Ministry of Investment/BKPM also recorded a workforce absorption of up to 7,188,479 people or an average of 1,437,695 people per year. On the other hand, the risk-based business permits that we have issued from 4 August 2021 - 27 September 2024 contain 10,382,846 Business Identification Numbers (NIB).

"We issue the NIB through an online single submission system. This also shows that business licensing is easier and provides certainty, and the majority of permits we give are to SMEs," explained Minister Rosan.

Rosan also emphasized to all relevant parties related to investment licensing to be more synergistic in providing certainty to the business world in order to create a good investment climate in Indonesia. He also hopes that all parties can improve investment services more than before.

"We need to increase investment competitiveness, improve regulations, improve services, and accelerate business licensing in accordance with authority at both the central and regional levels. So we ask for cooperation, synergy, from all related parties related to investment licensing," he concluded.

(SOURCE)

POWR Establishes Subsidiary for Renewable Energy Investment

KOMPAS.com – PT Cikarang Listrindo Tbk (POWR) has officially established a new subsidiary called PT Energi Baik Alami (EBA). This is a part of the company's expansion into the renewable energy sector. The establishment of EBA is stipulated in Deed of Establishment No. 14 dated June 16, 2025. This deed was approved by the Minister of Law and Human Rights through Decision No. AHU-0049293.AH.01.01.YEAR 2025 on June 18, 2025. POWR holds 49,999 shares, representing 99.998 percent of the total paid-up capital and issued shares in EBA. “EBA will operate as a holding company and will focus on managing and developing investments in the renewable energy sector,” wrote POWR Corporate Secretary Rani Maheswari Miraza in a disclosure on the Indonesia Stock Exchange (IDX) on Thursday (6/19/2025). POWR management explained that the establishment of EBA is expected to have a positive impact on business continuity while supporting the company's long-term development. POWR is a private electricity provider serving industrial areas around Cikarang, West Java. This company operates the MM-2100 Gas Power Plant (PLTG), the Jababeka Gas and Steam Power Plant (PLTGU), and the Babelan Steam Power Plant (PLTU). The total capacity of the power plants reaches 1,144 megawatts (MW). In addition, POWR also manages a rooftop solar power plant with a capacity of 21.2 megawatts peak (MWp). [SOURCE]

Nov, 04 2025

The Mining Sector Plays a Role in Driving West Java's Economic Growth

PORTALJABAR, KAB. BANDUNG BARAT - Investment is a vital indicator of a region's economic growth. Currently, West Java Province has become a very attractive investment destination, realization in the last five years has been more than IDR 800 trillion and the record in 2023 will reach IDR 174.6 trillion. This was stated by Acting Governor of West Java Bey Machmudin through the Governor's Expert Staff for Economics and Development Dodo Suhendar at the opening of the 2023 West Java Mining Forum (WJMF) at the Mason Pine Hotel, West Bandung Regency, Tuesday (12/12/2023). "Every investment realized per IDR 1 trillion can absorb 1,000 people so that with an investment of IDR 174.6 trillion we can absorb a workforce of around 174,000 people," said Dodo. High investment in West Java also has an impact on increasing economic growth. Last year West Java's economic growth was the best in Java, growing 5.45 percent. "In the second quarter of 2023, West Java's economic growth will be above the national average, namely 5.17 percent," he said. West Java is also one of the provinces that has abundant natural resources and is trusted to receive the development of national strategic projects. "Starting from the need for development materials, with West Java's abundant natural resource potential, mining is a vital sector," said Dodo. "West Java also plays an important role in the realization of investment, supporting sustainable development of infrastructure and industry in West Java. "For example, PSN developments that have been realized in West Java include the Whoosh Fast Train project, West Java Kertajati International Airport, Cisumdawu Toll Road, and Patimban Port," he added. Apart from that, the mining sector also creates job opportunities for the people of West Java, helping to reduce the unemployment rate. "Revenue from the mining sector can also be used to finance other development programs, such as education and health," he said. The West Java Provincial Government also encourages innovation in environmentally friendly mining technology. According to Dodo, using the latest technology can help reduce the negative impact of mining on the environment, while increasing efficiency and productivity in this sector. "I also appeal to all mining business permit holders in the West Java region to be able to carry out mining business activities in accordance with the rules of good mining engineering," ordered Dodo. Head of the West Java Energy and Mineral Resources (ESDM) Service, Ai Saadiyah Dwidaningsih, said that WJMF 2023, which has the theme "Sustainable Mining For A Better Mining Future In West Java", was carried out in order to capture the aspirations of all relevant stakeholders, form synergy and increase harmonization in supporting good mining management in West Java. "WJMF 2023 is a forum created to build the commitment of mining sector stakeholders in achieving SDG'S (Sustainable Development Goals) as well as evaluating the implementation of regulations and policies that have been delegated to ensure that mining activities are carried out in compliance with environmental and social standards," said Ai. Meanwhile, Chairman of Commission IV of the West Java DPRD, Cucu Sugyati, appreciated the West Java Provincial Government through the ESDM Service for organizing this forum. WJMF 2023 is a series of annual activities of the West Java ESDM Service, which started with the West Java Energy Forum (WJEF) on 26 June 2023 at the Bank Indonesia Representative Office, then the West Java Geology Forum (WJGF) on 16 November in Bandung Regency, and as closing, namely WJMF 2023. After the opening, the event continued with the signing of a joint agreement by representatives of Mining Business License (IUP) holders as a form of commitment to implementing good mining governance by all IUP holders in West Java. After that, there was a presentation delivered by the Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance and the Assistant Deputy for Mining of the Coordinating Ministry for Maritime Affairs and Investment, then a discussion panel featuring speakers from government, law enforcement, academics, associations and business actors. (SOURCE)

Jan, 10 2024

West Java Becomes a New Magnet for Green and Inclusive Investment

AYOBANDUNG.ID - West Java is no longer just a province with significant economic potential; it has become the center of gravity for national investment. Contributing 13% to Indonesia's Gross Domestic Product (GDP) and 23% to the Java Island economy, the province plays a strategic role in the national growth map. However, behind these impressive figures lie complex dynamics that demand a more careful, inclusive, and sustainable investment strategy. One of the most visible indicators of confidence in West Java is the setting of an investment target of IDR 271 trillion by 2025, the highest nationally. As of November, realization had reached IDR 218 trillion. This means the province must quickly reach the remaining IDR 53 trillion target. This figure is not merely an administrative challenge, but a test of absorption capacity, infrastructure readiness, and the reliability of the investment ecosystem. According to Achris Sarwani, Acting Head of the Bank Indonesia Representative Office for West Java, investment is key to driving provincial economic growth to approach 6 percent. In fact, in its medium-term vision, West Java is targeted to achieve growth of up to 7.99 percent by 2028. "In 2028, in line with Mr. Prabowo's astagita, it will reach 8 percent, with 7.99 percent in West Java. So, these figures will be our benchmark for programs, one of which is the West Java Investment Summit (WJIS)," said Achris in Bandung on Friday, November 14, 2025. The 2025 West Java Investment Summit (WJIS) is a concrete example of how West Java is orchestrating investment opportunities. However, more than an annual ceremony, WJIS has evolved into a strategic platform that brings together project owners, global investors, and policymakers in a single ecosystem of dialogue and collaboration. One proof of WJIS's success is the birth of the Majalengka Industrial Estate (KIM) from the 2020 forum. Now, this area serves as an export base for global shoe brand On Cloud, marking a real transformation from discourse to long-term economic impact. "The example the Governor wanted to launch earlier was the export of On Cloud shoes from KIM, or the Majalengka Industrial Estate. KIM was born from the WJIS in 2020. So this is long-term," said Achris. However, this great potential does not come without challenges. One of the main issues is connectivity and investment security guarantees. The Head of the West Java DPMPTSP, Dedi Taufik, emphasized the importance of improving aspects such as thuggery, waste management, and legal certainty. "The Governor himself stated earlier that there must be connectivity in this investment. Furthermore, guarantees related to thuggery, waste management, and so on will be addressed by the West Java Provincial Government," Dedi emphasized. The provincial government also recognizes that attracting investors is not enough. What's more important is maintaining their trust through an efficient, transparent, and sustainable ecosystem. The WJIS format, which offers one-on-one project matching, is a concrete step to accelerate investment realization. "Thank God, we have a regional leader, Mr. KDM, who is committed to maintaining West Java as a comfortable place for investors," said Achris. In the 2025 West Java Investment Challenge (WJIS), 104 projects were offered with a total value of IDR 186.29 trillion. Fourteen partnership commitments and memorandums of understanding (MoUs) were signed between companies and local governments, reflecting investors' commitment to seizing the opportunities offered. Through the 2025 West Java Investment Challenge (WJIC), the six best projects from selected regencies/cities were announced. These projects reflect the diversification of investment sectors, from public infrastructure to the circular economy, and demonstrate the increasing quality of regional investment proposals. "Previously, during the Challenge, several regencies/cities offered investments, including infrastructure, agribusiness, and agriculture, which we have already accommodated. We hope that this one-on-one meeting will yield an agreement to reflect this investment in West Java," said Dedi. Although West Java's economic growth slowed slightly from 5.23 to 5.2 percent, the province remains ahead of the national average of 5.12 percent. This demonstrates West Java's relatively strong economic resilience amidst global pressures. Meanwhile, Bank Indonesia is strengthening the investment ecosystem through three main pillars: macroeconomic stability, sustainable financing, and payment system digitalization. The implementation of Local Currency Transactions (LCT) and Cross-Border QRIS (Qualifying Transaction System) is a crucial instrument in accelerating cross-border transactions safely and efficiently. "Indonesia's economic fundamentals remain strong, marked by maintained growth, inflation within the target range, and excellent exchange rate stability," said Ricky P. Gozali, Member of the Board of Governors of Bank Indonesia. Support also came from the central government. Rakhmat Yulianto, Director of Promotion Development at the Ministry of Investment and Downstream Investment Coordinating Board (BKPM), emphasized that West Java is the number one investment destination in Indonesia and has great potential to become a model for a sustainable economy. "I do see an opportunity to improve West Java's sustainable economy, and this aligns with current global trends that demand sustainable investment," he said. The transformation towards green and inclusive investment is not only a global demand but also a local need. Projects such as food security in Sumedang, agro-industrial innovation in Garut, and the circular economy in Purwakarta demonstrate that West Java is beginning to reorganize its sectoral priorities. However, to ensure this potential remains on paper, consistency in implementation, courage in reform, and sustainability in policy are needed. Investment is not just about capital, but also about trust, vision, and a commitment to the future. WJIS 2025 symbolizes this commitment. But more than that, this forum is a reminder that true investment is one that creates long-term value for the economy, the environment, and society. "WJIS 2025 is not just a forum, but rather a manifestation of a shared commitment to making West Java a green and inclusive investment hub in Southeast Asia," said Achris. [SOURCE]

Dec, 31 2025

West Java Festival 2024 Creates 70 M Economic Turnover

PenaKu.ID - West Java Festival 2024 was successfully held. Various activities were held festively on August 23-25, 2024 to celebrate the 79th Anniversary of West Java Province. Thousands of visitors were present during the event both at Gedung Sate and GOR Saparua. West Java Festival 2024 was lively with a series of activities ranging from cultural arts festivals, MSME and culinary bazaars, seminars, workshops, job fairs, puppet shows to music concerts. Not only that, this event also has a positive impact on economic turnover. According to incoming data, the economic turnover reached around Rp 70 billion from direct income (government, booths, and sponsors), as well as shopping expenditures of visitors who were present at Gedung Sate and GOR Saparua. According to West Java Provincial Secretary Herman Suryatman, this achievement is very beneficial for MSME players and affects the increase in the number of tourist visits to West Java. “One of the expected impacts of the West Java Festival is to increase the number of tourist visits which of course can encourage the economic movement of the community. This activity also encourages economic activity by attracting investors and business people,” said Herman Suryatman in Bandung, Wednesday (28/8/2024). “The West Java Festival also strengthens cultural identity and community pride in local cultural heritage. This is a form of implementing the actions of the national movement Proud to Make Indonesia (BBI) and Proud to Travel in Indonesia (BBWI),” he added. Number of Visitors to West Java Festival 2024 During the three days of implementation, there were around 78,000 people who participated in the West Java Festival 2024. Of these, 65,000 people attended Gedung Sate and 13,000 people enlivened the music concert at GOR Saparua. “This event is expected to be a reference for the community to recognize the excellence of the tourism and cultural sectors in West Java, as well as part of the implementation of the West Java Provincial Government's collaboration for the community,” said Head of the West Java Tourism and Culture Office Benny Bachtiar. “We hope that the next WJF will be even more lively because this is the party of the people of West Java on the birthday of West Java Province. Hopefully in the future WJF will become an independent sustainable festival,” he concluded. SOURCE

Aug, 29 2024

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

Navigation