News - Investment in the Second Quarter of 2024 Reached Rp428.4 Trillion: Mining and Basic Metal Industry Sectors Dominant

Investment in the Second Quarter of 2024 Reached Rp428.4 Trillion: Mining and Basic Metal Industry Sectors Dominant

Jul, 30 2024

The Ministry of Investment or the Investment Coordinating Board (BPKM) recorded an investment achievement of Rp428.4 trillion in the second quarter of 2024. This information was conveyed by the Minister of Investment/Head of BPKM, Bahlil Lahadalia, in a press conference at the Command Center Room, Barli Halim Building, Ministry of Investment, South Jakarta, on Monday (29/7/2024).

According to Bahlil, Indonesia's economic growth increased by 6.7 percent compared to the previous year, and an increase of 22.5 percent compared to the previous quarter. “Despite the global economic uncertainty, we remain grateful that the global public still trusts us as one of the investment destinations, both from outside and within the country,” he said.

In the second quarter of 2024, foreign investment (FDI) reached Rp217.3 trillion, an increase of 6.3 percent from the previous year. Meanwhile, domestic investment (PMDN) was recorded at Rp211.1 trillion, an increase of 7.1 percent. The sector that absorbed the most investment was the base metal industry with a value of Rp74.0 trillion, followed by the mining sector at Rp45.6 trillion, telecommunications warehouse transportation at Rp41.3 trillion, residential, industrial, and office areas at Rp33.5 trillion, and other services at Rp30.6 trillion.

The top five regions in PMA investment realization were West Java (USD2.5 billion or 17.5 percent), Central Sulawesi (USD2.1 billion or 14.6 percent), DKI Jakarta (USD1.8 billion or 12.9 percent), North Maluku (USD1.7 billion or 12.4 percent), and Banten (USD1.3 billion or 9.3 percent). For PMDN, DKI Jakarta led with IDR33.1 trillion (16.1 percent), followed by West Java with IDR25.6 trillion (12.1 percent), East Java with IDR25.1 trillion (10.3 percent), and West Nusa Tenggara with IDR25.2 trillion (7.2 percent).

Bahlil also mentioned five major countries investing in Indonesia, namely Singapore (USD4.6 billion), China (USD2 billion), Hong Kong (USD1.9 billion), South Korea (USD1.3 billion), and the United States (USD0.9 billion).

In addition, BPKM also focuses on investment for micro and small enterprises (MSEs), with 2,411,350 MSE projects registered in the first semester of 2024. These projects, which include 2,206,932 micro projects and 204,418 small projects, have an investment value of IDR127.0 trillion and have created 4,696,618 jobs.

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The Global South is being called a new arena for the fight for manufacturing investment

The shift in investment flows to developing countries or the Global South is considered both an opportunity and a new challenge for Indonesia to accelerate industrialization and strengthen its position in the global supply chain. Warih Andang Tjahjono, Advisory Board Member of the Industrial Engineering Community of the Bandung Institute of Technology, stated that developing countries are now the main destinations for global investors due to slowing economic growth in several major countries such as China, the United States, and the European region. According to him, this condition has made regions such as Asia, Latin America, Africa, and the Middle East new centers of competition in attracting foreign direct investment (FDI). "Now we have what we call the Global South countries. The competition is getting stronger, and Indonesia must continue to increase its investment attractiveness," he said at an industry and investment discussion forum on Tuesday (May 26, 2026). He explained that developed countries currently face various domestic and geopolitical challenges that affect global investment flows. The United States is said to be more focused on strengthening its own industry, while Europe is still overshadowed by geopolitical pressures. Meanwhile, China is starting to experience a slowdown in economic growth compared to the previous era, when it was able to grow up to 8%-9% per year. Currently, China's economic growth is around 5%-6%. [Source]

May, 29 2026

The West Java Provincial Government is Optimistic About Economic Growth Reaching 6 Percent

KBRN, Bandung: The West Java Provincial Government (Pemprov) is optimistic that its economic growth rate can reach 5.5 to 6 percent in 2026. This was conveyed by the Regional Secretary (Sekda) of the West Java Provincial Government, Herman Suryatman, in a press statement on Saturday (December 27, 2025). According to him, this optimism is based on the numerous development activities, particularly infrastructure, expected in 2026. This will result in increased investment and strengthened production activities. "Currently, our LPE is above the national average of 5.2 percent. Next year, we are optimistic that it can reach 5.5 to 6 percent," he said on Saturday (December 27, 2025). He also stated that the benefits of the infrastructure development being accelerated will begin to have a significant impact in 2026, accompanied by increased employment and industrial production capacity. "With solidity across all components and strong leadership, this is reflected in Governor KDM's strong leadership in accelerating development in West Java," he said. Herman added that West Java's provincial revenue realization has reached between 85 and 90 percent of the target. He is confident that by the end of 2025, the figure will reach above 95 percent, as will West Java Provincial Government spending. He also mentioned that West Java is experiencing a foreign trade surplus, also known as exports. The West Java Statistics Agency (BPS) recorded West Java's exports in October 2025 at USD 3.36 billion, a 2.69 percent increase compared to USD 3.27 billion in September 2025. "Cumulatively, West Java's exports from January 2025 to October 2025 increased by 2.31 percent compared to the same period in 2024. This indicates a positive trend for the West Java economy," he said. [SOURCE]

Dec, 29 2025

To Accelerate Investment, the City Government Will Hold the 2025 Bandung Investor Forum

PORTALJABAR, BANDUNG CITY - After successfully mapping initial investment interest at the Bandung Investor Day event, the Bandung City Government, through the Investment and One-Stop Integrated Services Agency (DPMPTSP), will hold the Bandung Investment Forum 2025. The Bandung Investor Forum is scheduled for Monday, November 17, 2025, at the Aryaduta Hotel in Bandung. The Bandung Investor Forum aims to create a strategic platform that facilitates two simultaneous investment acceleration pathways: deepening and accelerating investor commitment to priority projects through high-level dialogue. This also includes exploring new business models and partnerships to optimize assets and potential projects through open and collaborative dialogue. The Bandung Investor Forum 2025 will feature several events, including an exclusive Executive Luncheon with the Mayor of Bandung. This session is specifically designed for two key stakeholder groups: top company leaders who have shown serious interest in priority projects, and leaders of selected companies that have become investors and drivers of the city's economy, as recorded in the Investment Activity Report (LKPM). The forum will also feature an Investment Opportunity Dialogue session to introduce the potential but untapped portfolio of Regionally Owned Assets (BMD), as well as new initiative projects such as integrated agribusiness development and market revitalization.This session will feature visionaries, experts, and industry practitioners to collaboratively shape, design, and validate these potentials. The forum will invite Property Developers, Business Operators (Hotels, Hospitals, Retail), Financial and Investment Institutions, Consultants, Industry Associations, State-Owned Enterprises (SOEs) and Large Private Sectors, Agribusiness Companies, as well as representatives from Embassies and International Chambers of Commerce. In addition, the forum also featured a strategic support team consisting of the Regional Secretariat's Cooperation Section, the Regional Finance and Assets Agency (BKAD), the Public Works, Construction and Spatial Planning Agency (Diciptabintar), the Regional Development Planning, Research and Innovation Agency (Bapperida), the Food Security and Agriculture Agency (DKPP), and the regional public company (Perumda Pasar). It is hoped that the Bandung Investment Forum 2025 will be a significant catalyst in the city's development journey, generating meaningful dialogue, strong relationships, and ultimately, strategic and sustainable growth for all. [SOURCE]

Dec, 23 2025

Realization of NIB Achievement in West Bandung Regency in 2024 Exceeds Target

NGAMPRAH, BBPOS - West Java Province ranks first in investment realization in the first quarter of 2024 with a PMA and PMDN investment realization value of IDR 64.7 trillion or an increase of 29.29% from 2023 in the same period. Data on NIB achievements in 2021-2023, the number of Business Identification Numbers (NIB) issued in West Java Province has reached 112.1% of the issuance target set by West Java Province in 2024, which is 1,000,000 NIBs or a total of 1,121,059 NIBs. Of the total potential for NIB issuance in West Java, there are 4,533,268 NIBs for Micro and Small Enterprises (UMK). Head of the Economic Section (Kabag) of the KBB Regional Secretariat, Deni Achmad said that the target for achieving NIB in West Bandung Regency is 41,516 NIB. "The NIB that has been issued until December 2024 is 38,787 NIB or 93.43% of the target set by West Java Province from a total of 58,216 Micro, Small and Medium Enterprises (UMK) in West Bandung Regency that have been recorded," he said, Monday (16/12/2024). He added that the facilitation is to encourage the acceleration of ease of doing business for UMKM actors in West Bandung Regency and reduce the unemployment rate, especially in West Bandung Regency. "The Economic Section of the West Bandung Regency Regional Secretariat, the Investment and One-Stop Integrated Service Office and the Cooperatives and Micro, Small and Medium Enterprises Office are helping business actors to obtain the issuance of a Business Identification Number (NIB)," he said. "We have collaborated to carry out training activities for the issuance of a Business Identification Number service which began with socialization activities and training for the issuance of a Business Identification Number (NIB) which were carried out in July at The Radiant Hotel Lembang and in August at Takashimaya Hotel Lembang," he added. He further said that the socialization activities that had been carried out targeted public service officers in 16 sub-districts and operators in 165 villages in West Bandung Regency. "It is expected to help the community to become operators of the NIB creation service in their area, in order to accelerate the target of 41,516 MSMEs with NIB in West Bandung Regency in 2024," he said. He said that the issuance of a NIB is the legality of business ownership owned by business actors. With the NIB, business actors are recorded and have the opportunity to access or obtain business development programs provided by the Government, especially regarding access to banking capital for MSMEs such as People's Business Credit (KUR). "There are various benefits for cooperatives and MSMEs to have a NIB, including, first, being able to facilitate business actors to store licensing data in one identity," he said. "Second, by having a NIB, cooperative and MSME actors get assistance to develop their business, then the third benefit is facilitating access to financing to bank and non-bank financial institutions, the capital can be used by business actors to develop their business," he added. Furthermore, the fourth benefit is facilitating empowerment from the central government, regions, and other institutions so that business actors can develop their businesses, the fifth benefit is cutting business licensing time through the presence of the Online Single Submission (OSS) system and NIB will help the business licensing process become faster and easier. "Furthermore, the sixth benefit is that by having a NIB, you will get certainty and protection in doing business in a predetermined location so that the business being run will provide confidence to carry out cooperation with other parties," he said. "Although the target for issuing NIB in West Bandung Regency has not been achieved in 2024, at least operators at the village level have been trained and understand how to serve the community in NIB issuance services and are optimistic that in 2025 West Bandung Regency can meet the target given by the provincial government," he said. (Adv) (SOURCE)

Mar, 17 2025

Bekasi, Karawang, and Subang: West Java Affected by Industrial Area Thuggery, Foreign Investment Impacted

TRIBUNJABAR.ID, BANDUNG – The phenomenon of thuggery (premanisme) in industrial areas is increasingly worrying. Several strategic locations in Indonesia such as Tangerang, Bekasi, Karawang, as well as regions in Central and East Java are frequently under the spotlight. Even new industrial zones like Subang in West Java, which should be new economic growth centers, are not spared from the impact. This was revealed by Deputy Chairperson of the Indonesian Employers Association (Apindo), Sanny Iskandar, who emphasized that this situation is not only a nightmare for business actors but also significantly affects foreign investment flows. According to him, this disruption is not a small matter because its effects broadly hinder the pace of the national economy. “The losses are not only in numbers experienced by business players currently operating but also the losses experienced by the country due to the blocked potential investments that should have come in,” said Sanny in a statement in Jakarta, reported by Kompas.com on Wednesday (July 30, 2025). As Chairman of the Industrial Estate Association (HKI), Sanny revealed that similar complaints have come from various other industrial areas in Indonesia. Not only Subang, which is currently linked with large projects like BYD, but also Batam in the Riau Islands, has begun to experience similar disturbances. “Even new areas like Subang, which was recently connected to BYD and related projects, are also affected by this thuggery. It extends to the Riau Islands, especially Batam. This is very disturbing,” he explained. According to Sanny, the root of proliferating thuggery in industrial areas cannot be separated from labor issues. Limited job opportunities, high layoffs (PHK), and some parties’ unpreparedness to face market challenges contribute to this problem. “There is indeed a correlation, besides the need for alertness from security apparatus that is still required,” said Sanny. Therefore, Apindo urges the government together with law enforcement to tighten supervision and firmly act against thuggery practices. This step is considered important to create a safe, conducive business climate capable of attracting more investors to invest in Indonesia. [SOURCE]

Nov, 24 2025

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