News - Investment in Indonesia in Q4 2024 Reaches IDR 452.8 Trillion, Absorbs 580 Thousand Workers

Investment in Indonesia in Q4 2024 Reaches IDR 452.8 Trillion, Absorbs 580 Thousand Workers

Mar, 14 2025

STOCKWATCH.ID (JAKARTA) - Investment realization in Indonesia in the fourth quarter of 2024 recorded impressive results. Rosan Perkasa Roeslani, Minister of Investment and Downstream/Head of BKPM RI revealed that investment for the October-December 2024 period reached IDR542.8 trillion. This figure grew quarterly (QoQ) and increased significantly by 23.8% compared to the previous year (YoY).

This achievement is equivalent to 27.4% of the President's investment target of IDR1,650 trillion and 36.5% of the Strategic Plan (Renstra) target of IDR1,239.3 trillion. In addition to investment growth. The most encouraging thing is the absorption of labor which has also increased.

"Workforce absorption is our main priority. In the fourth quarter of 2024, as many as 580,916 people got jobs thanks to incoming investment. This figure grew 26.9% compared to the previous year," said Rosan, in Jakarta, Friday (1/31/2025)

In terms of investment sources, both Foreign Investment (PMA) and Domestic Investment (PMDN) both experienced an increase. PMA was recorded as contributing IDR245.8 trillion or 54.3% of total investment, growing 33.3% annually. Meanwhile, PMDN contributed IDR207 trillion or 45.7%, up 14.1%.

The investment trend has also begun to shift outside Java. In the fourth quarter of 2024, 57.5% of investment flowed outside Java with a value of IDR260.4 trillion, a sharp increase of 40.8% YoY. Meanwhile, investment in Java amounted to IDR192.4 trillion or 42.5%, growing 6.4%.

In terms of regions, the five regions with the largest investments are West Java IDR 66.2 trillion (14.6%), Jakarta IDR 50.1 trillion (11.1%), Central Sulawesi IDR 41.3 trillion (9.1%), East Java IDR 35.9 trillion (7.9%), and South Sumatra IDR 30.5 trillion (6.7%).

The sectors that attract the most investors are the basic metal and metal goods industry IDR 60.4 trillion (13.3%), followed by mining IDR 52.2 trillion (11.5%), transportation, warehousing, and telecommunications IDR 42.7 trillion (9.4%), food industry IDR 34.5 trillion (7.6%), and other services IDR 34.2 trillion (7.6%).

In terms of country of origin, Singapore remains the largest investor with a total investment of US$ 5.7 billion, followed by China US$ 2.3 billion, Hong Kong US$ 2.2 billion. Malaysia US$ 1.5 billion, and Japan US$ 0.9 billion.

"Everything is from Asia if you look at investments in the fourth quarter of 2024," said Rosan.

(SOURCE)

West Java and Central Java Regional Governments Agree on Cooperation in Border Area Management

THE PROVINCIAL GOVERNMENTS (Pemprov) of West Java (Jabar) and Central Java (Jateng) have officially established border management cooperation. This cooperation between the two provinces was marked by the signing of an agreement between the West Java Regional Secretary, Herman Suryatman, and the Central Java Regional Secretary, Sumarno, in Semarang, Monday (7/10). This collaboration includes the management of a number of border segments, such as between Cirebon - Brebes Regency, Kuningan - Brebes, Kuningan - Cilacap, Ciamis - Cilacap, Banjar - Cilacap, to Pangandaran - Cilacap. Apart from maintaining social stability, this cooperation is expected to encourage economic development in border areas. Herman Suryatman emphasized the importance of this agreement to strengthen the welfare of residents in border areas. "West Java and Central Java share direct borders, and we have an interest in ensuring that economic growth in this region can be even better," he said. He also added that the social conditions of the border communities must remain conducive, so that the area can develop economically, socially and culturally. Apart from border management, the discussion also touched on optimizing Kertajati West Java International Airport (BIJB) in Majalengka, West Java. Since October 2023, this airport has started operating again after receiving a mandate from the Minister of Transportation. Currently, BIJB serves domestic flights to Denpasar, Balikpapan and Medan via Super Air Jet and Citilink, as well as international flights to Kuala Lumpur via Malaysia Airlines and Air Asia. At the end of September 2024, Scoot, a subsidiary of Singapore Airlines, held its first flight to Singapore from BIJB. This makes things easier for the people of West Java who can now more easily access the airport for passenger and cargo flights, even Umrah. "This is good news for the people of Central Java who want to perform the Umrah pilgrimage, especially for those who live in the western part of Central Java, because BIJB offers a closer and more economical alternative," added Herman. This year, BIJB has also started Hajj flights, and it is hoped that they can continue in the Hajj season next year. It is also hoped that Kertajati Airport can be a solution for migrant workers from Central Java, which is one of the largest in Indonesia, so that they can take advantage of international flight facilities that are more easily accessible. The Regional Secretary of Central Java, Sumarno, also welcomed this agreement and hoped that the existing cooperation would not just stop at the signing, but would also be followed by real action in the field. "West Java is our closest neighbor, the neighbor is the first to know if there is a problem. "This cooperation must be followed up with concrete steps for the common good," he said. Collaboration between these two large provinces is a strategic step in realizing a border region with more potential, both from an economic, social and cultural perspective. (SOURCE)

Oct, 11 2024

WJIS 2025. West Java Provincial Government Offers 104 Projects Worth 186 Trillion Rupiah

PORTALJABAR, BANDUNG CITY - The West Java Provincial Government, in collaboration with the West Java Representative Office of Bank Indonesia, is once again holding the West Java Investment Summit (WJIS) 2025. This seventh WJIS will be held at the Pullman Hotel, Bandung, on November 14, 2025. This year, the WJIS carries the theme "Strengthening Regional Resilience through Green Industry, Smart Investment, and Inclusive Growth." Head of the West Java Investment and One-Stop Integrated Services Agency (DPMPTSP), Dedi Taufik, stated that WJIS 2025 will be a medium for generating investment commitments for West Java. "WJIS strengthens West Java's position as the province with the highest investment in Indonesia," said Dedi, during a discussion at Gedung Sate on Monday (November 19, 2025). "From January to September 2025, the value of investment in West Java reached IDR 218.2 trillion, an 18% increase compared to the same period last year," he added. According to Dedi, this achievement demonstrates that West Java remains the most attractive region for investors, both domestic and foreign. "Our investment realization reached 80.5% of this year's target of IDR 271 trillion. Of this total investment, Domestic Investment (PMDN) was worth IDR 119.2 trillion, or 54.7%, while Foreign Investment (PMA) reached IDR 98.9 trillion, or 45.3%. This figure is capable of absorbing up to 303,469 workers," he explained. Dedi explained that investment is a crucial driver of West Java's economic growth, which in the third quarter of 2025 grew by 5.20%—higher than the national growth of 5.04%. "Investment's contribution to West Java's economic growth reached 24.6%, the second largest after household consumption," he said. In this year's WJIS, the West Java Provincial Government is offering 104 investment projects worth IDR 186.29 trillion. consisting of 41 ready-to-offer projects and 63 potential new investments. "We are targeting all investment interest generated at this forum to be realized within the next three to six months," said Dedi. Dedi stated that WJIS has become a global brand. Many investors view West Java as a strategic location with strong infrastructure, superior human resources, and strong policy certainty. He is optimistic that the presence of new investors such as VinFast and Great Giant Pineapple (GGP) in the Rebana Metropolitan area will further strengthen West Java's position as a center for green economic growth and future industries. "West Java is not only an investment gateway, but also a laboratory for sustainable economic growth," he said. More than 600 participants will attend the forum, including 25 embassies and 300 potential investors from various countries. Several major projects, such as waste management, industrial areas, downstream development, and infrastructure, will be the focus of the offerings. [SOURCE]

Dec, 23 2025

Creative Industry Investment Realization in Garut Regency in 2025

The realization of investment in the creative industry in Kabupaten Garut throughout 2025 recorded a significant figure. Garut Regency successfully achieved an investment realization of Rp0.884 trillion. This figure exceeded the previously set target of Rp0.425 trillion, reaching a performance achievement rate of 208.00%. Fashion became the largest contributor, with an investment value of Rp850.15 billion. Crafts contributed Rp11.89 billion, culinary Rp11.08 billion, and other sectors included publishing at Rp4.09 billion, TV & radio at Rp3.86 billion, as well as film, video, and animation at Rp1 billion. Based on this achievement, Garut Regency is projected to set an investment target of Rp0.663 trillion in 2026. [Source]

Apr, 13 2026

The 2026 West Java Porprov Venue in Bekasi City is Claimed to be 98 Percent Ready.

The Bekasi City Government has ensured the readiness of venues and infrastructure for the 2026 West Java Provincial Sports Week (Porprov), which will take place from November 7-20. As the main host, Bekasi City claims that almost all competition facilities are ready for use. The Head of the Bekasi City Youth and Sports Agency (Dispora), Arwani, stated that Porprov venue readiness is currently around 98 percent. The majority of the competition venues are located at the Patriot Candrabhaga Stadium (PCB) in South Bekasi, which will be the center of West Java's largest sporting event. "The infrastructure, facilities, and venues are 98 percent ready. The Patriot Candrabhaga Stadium complex was built from the start to support various large-scale sporting events," said Arwani. According to him, Bekasi City will host competitions for approximately 37 sports or 49 sub-sports. Most indoor sports will be centered at the Patriot Candrabhaga Stadium, while other venues are spread across several districts. The sports that will be contested in the stadium area include volleyball, badminton, soccer, roller skating, and several martial arts disciplines such as wushu, muaythai, and kickboxing. Arwani assessed that Bekasi City's readiness is on par with that of other regions co-hosting the 2026 West Java Porprov, namely Bogor City and Depok City. In fact, he continued, the Bogor City Government had visited Bekasi City to directly observe the readiness of the venues. "Compared to other regions, we are just as prepared. In fact, yesterday, Bogor City came here to inspect the readiness of our venues," he said. Despite being the main host, several sports will still use venues outside Bekasi City to accommodate the needs of the competition venues. Rowing, for example, will be held at Lake Cipule, Karawang, while sailing will take place in Indramayu. In addition to focusing on venue readiness, the Bekasi City Government also aims to make the 2026 West Java Porprov the best in history. Various improvements to supporting facilities and preparations for the opening ceremony are being finalized ahead of the upcoming November event. "We want this Provincial Sports Week (Porprov) to be a legacy for Bekasi City. Not only in terms of success in terms of achievements, but also in terms of successful implementation," Arwani concluded. [SOURCE]

Jun, 12 2026

BI: Ciayumajakuning investment target achieved 85.2 percent

Cirebon (ANTARA) - The Representative Office of Bank Indonesia (BI) Cirebon, West Java, recorded that investment achievements in its region which includes Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) have been realized up to 85.2 percent of the target of IDR 10.78 trillion in 2023. "Ciayumajakuning's investment target in 2023 is IDR 10.78 trillion and 85.2 percent of the realization target has been achieved," said Head of KPw BI Cirebon Hestu Wibowo when met in Cirebon, Thursday. Hestu said that the percentage of investment realization was sourced from data from the Ciayumajakuning One Stop Investment and Integrated Services Service (DPMPTSP), which was collected up to the third quarter of 2023. Based on this data, he said, investment in Ciayumajakuning grew consistently and contributed 5.74 percent to the existing capital investment target in West Java. "West Java is the province with the largest level of investment nationally, Ciayumajakuning contributed 5.74 percent. "I think this is a positive contribution," he said. Hestu revealed that if detailed from the data, the share of domestic investment (PMDN) in Ciayumajakuning showed quite good performance with the most dominant investment sector being in the mining sector at around 45.91 percent. Then, the food crops and plantations sector in Ciayumajakuning ranks second as an investment sector that is quite popular with PMDN with a figure of 17.68 percent. In next place, said Hestu, PMDN in Ciayumajakuning also invested in the non-metallic mineral industry at around 12.51 percent, trade and repairs at 8.53 percent and other sectors at 15.37 percent. "We at Ciayumajakuning always coordinate with the regional government on how to make it easier for investors to invest," he said. Still referring to similar data, Hestu said that the share of foreign investment (PMA) in Ciayumajakuning was dominated by investment activities in the basic chemical industry, chemical goods and pharmaceuticals with a figure of 61.98 percent. Meanwhile, for the remainder, PMA in Ciayumajakuning invested around 13.85 percent in the food crops and plantation sector, mining at 11.19 percent, the food industry at 3.46 percent and other fields around 9.51 percent. He emphasized that in order for the rate of investment in Ciayumajakuning to grow consistently, there needs to be policies to make it easier for investors to invest, for example with licensing efficiency. Hestu assesses that all supporting facilities to grow the investor sector in Ciayumajakuning are well available, so that the realization of capital investment will be achieved by the end of 2023. "The rate of investment in Ciayumajakuning will continue to grow positively until the end of 2023," he said. (SOURCE)

Jan, 11 2024

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