News - Investment in Cirebon reached IDR 939.8 billion in the first quarter of 2024

Investment in Cirebon reached IDR 939.8 billion in the first quarter of 2024

Jun, 13 2024

"Investment realization in Cirebon has only reached 29.06 percent of the target set in 2024 of IDR 3.23 trillion"

Cirebon (ANTARA) - Investment realization in Cirebon Regency, West Java, reached IDR 939.8 billion in the first quarter of 2024 with the most dominant sector for investment being the industrial sector.

"Investment realization in Cirebon has only reached 29.06 percent of the target set for 2024 of IDR 3.23 trillion," said Head of the Cirebon Regency Investment and One-Stop Integrated Service (DPMPTSP) Dede Sudiono in Cirebon, Monday.

Based on data, he said, the highest investment realization occurred in the leather goods and footwear industrial sector, which reached IDR 82.93 billion.

Then, the rubber and plastic industry also made a significant contribution to investment realization in Cirebon Regency, namely around IDR 67.65 billion.

Dede said that positive results were also seen in the chemical and pharmaceutical industry, with realized capital investment recorded at IDR 49.61 billion.

"For other industrial sectors, we recorded investment achievements reaching IDR 166.62 billion," he said.

Apart from industry, according to him, quite large investment figures also occurred in other service sectors with a realization of IDR 142.57 billion, followed by the housing, industrial area and office sectors of around IDR 73.06 billion.

Dede explained that to achieve the target by the end of 2024, his party has implemented various policies that make investment easier in Cirebon Regency, one of which is by implementing integrated licensing, so that investors can invest capital in several potential sectors in Cirebon Regency.

“Licensing can now be done digitally. "So it makes it easier for investors to invest their capital," he said.

He added that with a good investment climate, it will be able to open up job opportunities for residents so that it will also have an impact on reducing the unemployment rate.

"During the first quarter of this year, investment activities could absorb up to 3,322 local workers in Cirebon Regency. "Meanwhile, foreign workers only make up 15 percent," he said.

(SOURCE)

Maintaining Economic Growth in 2024, Minister of Finance: Government Will Pay Attention to Consumption, Investment, Exports and Imports

Jakarta, 6/8/2024 Ministry of Finance – Minister of Finance (Menkeu) Sri Mulyani Indrawati emphasized that the government will pay attention to factors driving economic growth so that the growth target of 5.2 percent can be achieved in semester II-2024. “We will pay attention to consumption, investment, exports and imports. "We will continue to look at factors in this second semester, namely the third and fourth quarters, to ensure that economic growth can be maintained at a level of between 5.1 (percent) to even 5.2 (percent)," said the Minister of Finance in press statement at the President's Office, Jakarta on Monday (5/8). Based on data from the Central Statistics Agency (BPS), Indonesia's economic growth in the second quarter of 2024 grew by 5.05 percent (year on year/yoy) supported by strong domestic demand and increasing export performance. In terms of expenditure, household consumption as the main contributor grew by 4.93 percent (yoy) driven by longer religious holiday periods and school holidays. Apart from that, people's purchasing power is still maintained in line with controlled inflation, an increase in ASN salaries, the provision of a 13th salary with 100 percent performance allowance, as well as the creation of greater new jobs in early 2024 amounting to 3.55 million. Meanwhile, government consumption grew positively by 1.42 percent, mainly supported by quite high absorption of capital expenditure and goods expenditure, respectively at 39.5 percent and 6.1 percent. Meanwhile, investment growth or Gross Fixed Capital Formation (PMTB) was recorded to have strengthened by 4.43 percent (yoy), supported by the performance of building investment growth which grew 5.31 percent. One of the factors driving increased investment is the high absorption of government capital expenditure related to the completion of various National Strategic Projects (PSN), including the development of the Archipelago Capital City (IKN). On the other hand, the Government Borne Value Added Tax (VAT DTP) housing policy also encourages private sector property construction activity which continues to show an upward trend. Private investment activity which is still strong can also be seen from the performance of the realization of Foreign Direct Investment (PMA) and Domestic Investment (PMDN) which grew 22.49 percent, as well as the Manufacturing Purchasing Managers' Index (PMI) which was in the expansion zone throughout the second quarter. From the production side, all sectors grew positively in the second quarter of 2024. The manufacturing sector grew by 3.95 percent (yoy). Downstream-related industries, such as the basic metal processing industry and the non-metallic minerals industry, are also growing rapidly. The food and beverage industry, which is the largest contributor to the manufacturing sector, grew 5.53 percent. Another main sector, namely the trade sector, grew by 4.86 percent (yoy) in line with public consumption which was still strong. Other sectors such as agriculture, forestry, fisheries, tourism, transportation and warehousing, as well as the provision of accommodation and food and drink also grew positively in the second quarter of 2024. On the other hand, the mining sector experienced a slowdown, especially related to the decline in oil and gas and coal production. Resilient and consistent economic growth performance above 5 percent has a significant impact on community welfare. The unemployment rate will decrease from 5.45 percent in 2023 to 4.82 percent this year. Meanwhile, the poverty rate also continues to decline from 9.36 percent to 9.03 percent. Job creation in 2024 will also reach 3.55 million people, an increase from the previous 3.02 million people, which will continue to strengthen people's purchasing power in the future. The government will continue to monitor the risk of global economic stagnation which is expected to continue throughout 2024. The 2024 APBN will continue to be optimized to maintain stability and momentum of economic growth so that the growth target of 5.2 percent can be achieved. (SOURCE)

Oct, 01 2024

Seven Investors Have Invested in Industrial Estates in Majalengka

Majalengka (ANTARA) -The manager of Kertajati Industrial Estate Majalengka (KIEM) said there were seven investors from within and outside the country, who had invested in one of the industrial allotment areas in Majalengka, West Java. “The investment value that we recorded only in terms of land purchases in this industrial allotment area reached Rp40 billion,” said Reni Anggarwati, Marketing Section of KIEM Management in Majalengka, Wednesday. She explained that the seven investors consisted of one foreign investment (PMA), and six domestic investments (PMDN) that had committed to pouring funds into the area. The industrial estate in Majalengka, she said, covers an area of 400 hectares designed to accommodate various industrial sectors such as food processing, shoes, steel, concrete to manufacturing. Reni said that the area is part of the development of the Rebana Metropolitan area, whose provisions are regulated in Presidential Regulation Number 87/2021. “We only started moving in 2024, so the total investment value will only be seen next year. However, if you refer to reports, investment in this area is one of the highest,” he said. Although the development of this industrial area was hampered by the COVID-19 pandemic, he is optimistic that there will be a more significant surge in investment value in the next few years. Regarding the potential for labor absorption, Reni explained that after seven investors enter, it is estimated that there will be around 20,000 workers absorbed, but the recruitment process is carried out in stages. She also emphasized the importance of cooperation from the management of the Rebana area, provincial and regency governments, and all related sectors to ensure that the local community can take advantage of job opportunities at this industrial site. “The number of workers absorbed can reach 20,000 people. However, this will be done in stages, and it is a common homework to prepare a suitable workforce,” he said. SOURCE

Aug, 22 2024

Repairs to Darmaraja-Wado Ring Road Completed Before Eid

PPS - The Jatigede Ring Road section from Darmaraja-Wado has begun repairs and is targeted for completion before Eid. "Good news for residents of the Darmaraja-Wado community. The Jatigede Ring Road for the Darmaraja-Wado section has begun to be surveyed and next week it will be repaired," said Acting. Regent of Sumedang, Herman Suryatman, Sunday (31/3/2024). He said that the improvement of the Darmaraja-Wado road was the result of synergy between the West Java Provincial Government and the Sumedang Regency Regional Government. "This is a form of synergy between the Regional Government, district and province," he said. He also targets that before Eid, the road section has been repaired and can be used for homecoming. "God willing, before Eid, the road work will be completed and it can be used for homecoming trips to the Sumedang area, especially those going home to Darmaraja, Wado and Jatinunggal. We ask for prayers from the people of Sumedang," he said. He added that the road infrastructure development for Wado District from the 2024 APBD reached IDR 1.8 billion. "The budget includes rehabilitation of the Pasirpadang-Ganjaresik road section Rp. 1.36 billion, improvement of the Buter-Sukanyiru road Rp. 309 million more and reconstruction of the Ciheulang-Galemo strategic road section (TPT and drainage channels) Rp. 135 million more," he said. Meanwhile, Herman continued, the total allocation for road construction or maintenance in 2024 for Sumedang Regency is IDR. 57.732 billion. "The target percentage level for the condition of the Regency's roads, which means good and moderately damaged, in 2024 is 91.5 percent. After previously reaching 88.24% in 2023," explained Acting. Regent. [*] (SOURCE)

Apr, 01 2024

Subang's Investment Realization Reaches Rp 18.2 Trillion, Surpasses West Java Target

Investment realization in Subang Regency, West Java, has experienced remarkable growth over the past several years. According to the local Investment and One-Stop Integrated Services Agency (DPMPTSP), total investment inflows between 2022 and 2025 reached an impressive Rp18.2 trillion. Head of DPMPTSP Subang, Dikdik Solihin, stated that the achievement exceeded the investment target set by the West Java Provincial Government. “The provincial investment target for Subang was Rp10.5 trillion, and we successfully surpassed it,” he said on the sidelines of the Subang Investment Forum 2026 held in Subang on Wednesday. According to Dikdik, the significant increase in investment was driven by the presence of several strategically located industrial estates in Subang. In addition, the region’s extensive infrastructure development has played a key role in attracting investors to establish and expand their businesses in the regency. The Subang Regency Government continues to foster a conducive investment climate. One of the strategic measures currently being prepared is the issuance of a regional regulation aimed at facilitating investment. The regulation is expected to further streamline business processes and improve ease of doing business for investors. Subang Regent Reynaldy Putra reaffirmed his administration’s commitment to ensuring a secure and comfortable environment for investors. “We are committed to guaranteeing safety and convenience for investors who choose to invest in Subang,” he emphasized. Reynaldy added that while the regency is actively encouraging investment, it remains committed to preserving Subang’s identity as one of Indonesia’s key rice-producing regions. He stressed that industrial development would go hand in hand with efforts to strengthen the agricultural sector. The presence of Patimban Port has been regarded as a major catalyst for the development of modern industrial zones in Subang. This strategic infrastructure enhances regional connectivity and access to broader business networks, positioning Subang as one of the leading investment destinations in West Java. Regent Reynaldy also emphasized that incoming investments must generate tangible benefits for local communities. “We want to ensure that investments in Subang not only benefit businesses but also create as many job opportunities as possible and contribute to the welfare of Subang residents. The workforce should come from Subang,” he concluded. [SOURCE]

Jun, 25 2026

Mining Sector Absorbs 300 Thousand Workers in 2023

The mining sector makes a significant contribution to labor absorption in Indonesia. Based on data from the Ministry of Energy and Mineral Resources, the actual number of workers in the mining sector in 2023 (cumulative data for the third quarter) is 308,107 Indonesian Workers (TKI) and 2,074 Foreign Workers (TKA). "Increasing investment in the mining sector is the main factor driving an increase in labor in the mining sector in 2023," said Bambang Suswantono as Plt. Director General of Mineral and Coal in the 2023 Achievement Preskon and 2024 Work Program for the Mineral and Coal Subsector (Minerba) in Jakarta, Tuesday, (16/1). The investment realization achievement in the mineral and coal subsector as of 31 December 2023 alone was USD7.46 billion or 96.8% of the 2023 target of USD7.7 billion. This increase in investment in the mining sector has encouraged increased production and sales of mining commodities, which require more labor. Increased production and sales of mining commodities will also encourage an increase in employment in the mining sector in 2023. In 2023, realized coal production will reach 775.2 million tonnes, or 112% of the target set at 694.5 million tonnes. This increase in coal production has led to an increase in the need for labor in the coal mining sector. Apart from that, increasing the use of technology will also encourage an increase in workforce capacity in the mining sector in 2023. In 2023, the use of technology in the mining sector will increase, especially for exploration, production and processing activities. The increased use of this technology also encourages increased efficiency and productivity, which also has an impact on increasing the capacity of the mining sector workforce. The details of the number of TKI and TKA based on permit type are as follows: Minerals for 48,356 migrant workers and 921 foreign workers; Mining as many as 43,335 migrant workers and 122 foreign workers; IUJP is 216,416 migrant workers and 1,031 foreign workers. Increasing workforce capacity in the mining sector in 2023 is good news for national development. By increasing the capacity of the mining sector workforce, the government can have more flexibility in supporting national development, including infrastructure development, social and economic programs, as well as sustainable energy development. (RD) (SOURCE)

Jan, 22 2024

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