News - Investment Realization in Quarter III-2024 Increases 15.24% to IDR 431 T

Investment Realization in Quarter III-2024 Increases 15.24% to IDR 431 T

Nov, 15 2024

The Ministry of Investment/Investment Coordinating Board (BKPM) noted that national investment realization in the third quarter of 2024 reached IDR 431.48 trillion, growing 15.24 percent from the same period in the previous year (year on year/yoy) which was valued at IDR 374.4 trillion. . Investment realization in the third quarter was recorded at 26.15 percent of the target set by the government, amounting to IDR 1,650.0 trillion.

Meanwhile, compared to the 2024 strategic plan (renstra) target of IDR 1,239 trillion, investment realization in the third quarter of 2024 reached 33.36 percent.

"The contributions from Java (and) outside Java are listed here, they are almost the same if we look at them. Almost 50-50 percent, although from outside Java it is slightly better, 50.7 percent or IDR 218.8 trillion and also for Java it is IDR 212.7 trillion. "On average, the increase in Java is also 15.9 percent and outside Java 14.6 percent," explained the Minister of Investment/Head of BKPM, Rosan P Roeslani, in the Third Quarter 2024 Investment Realization Press Conference, at his office, Jakarta, Tuesday (15/10 /2024).

If detailed, the five sub-sectors that recorded the largest investment realization in the third quarter of 2024 include the transportation, warehouse and telecommunications sub-sectors worth IDR 58.45 trillion; basic metal industry, metal goods, non-machinery and equipment Rp. 55.87 trillion; mining IDR 44.64 trillion, chemical and pharmaceutical industry IDR 31.61 trillion, and food industry IDR 31.30 trillion.

"Between PMA, foreign investment and domestic investment (PMDN), foreign investment has indeed increased more significantly compared to the previous year, namely 18.5 percent and the amount is 53.9 percent of the total investment coming in in the third quarter," said Rosan.

Based on his records, PMA in the third quarter of 2024 was IDR 232.7 trillion. As for PMDN, it was recorded at IDR 198.8 trillion, experiencing lower growth, namely 11.6 percent and a contribution to total national investment of 46.51 percent.

If we look at the region, the largest investment realization was still contributed by Jakarta, reaching IDR 71.35 trillion or a contribution of 16.54 percent. Next followed by West Java with an investment value of IDR 56.58 trillion, East Java with a total investment of IDR 39.69 trillion, Central Sulawesi worth IDR 38.79 trillion, and Banten IDR 25.19 trillion.

"Of course, this is something we will tell you about because there is a downstream program that is going very well," added Rosan.

(SOURCE)

Holding Indonesia-China Partnership Forum, Minister of Energy and Mineral Resources Encourages Energy Investment Stability

Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia today, Tuesday (3/9), officially opened the 7th Indonesia China Energy Forum (ICEF) in South Kuta, Bali. Indonesia stated its commitment to maintaining the stability of Chinese investment in the country so that it continues to run well. "I offer my fellow Chinese investors several potentials that we can develop together. This is the meeting to find the right formulation for joint business development," said Bahlil when opening the event. The energy sector, continued Bahlil, has a vital role in encouraging economic improvement and technological progress between the two parties. "We are committed to advancing common goals which include sustainable energy development, technological innovation and economic growth," he stressed. Bahlil mentioned the energy transition as a major breakthrough in realizing global commitments to achieve decarbonization. Indonesia even showed a serious attitude towards these efforts to the Chinese government. "We have developed a comprehensive Net Zero Emissions (NZE) Roadmap in the energy sector," he said. Regarding this, the Indonesian government offered collaboration opportunities to China. This offer is based on the large potential of New and Renewable Energy (EBT) resources owned by Indonesia, such as the Hydroelectric Power Plant (PLTA) in Kayan (13,000 MW) and Mamberamo, Papua (24,000 MW). "This is a potential that we offer to China to be able to collaborate together. We cannot do this alone," explained Bahlil. Another aspect that the government will focus on in the future is the existence of downstreaming that is oriented towards green energy and green industry. "The key to implementing this policy is the presence of electricity," added Bahlil. For this reason, based on the energy transition roadmap, the Indonesian government is implementing a strategy towards becoming carbon neutral from the supply side, such as focusing on solar, hydro, geothermal and hydrogen power plants. Apart from that, other steps taken are the gradual cessation of coal power plants, and the use of low-emission technology, namely CCS/CCUS technology. Meanwhile, from the demand side, these include the use of battery-based electric motorized vehicles, the use of biofuels, and the application of energy management. Cultivate a Sense of Comfort For Indonesia, the ability to achieve NZE by 2060 must still take into account the national context and conditions in each country. For example, Indonesia is still optimizing the development of fossil energy in line with massive progress in developing clean energy infrastructure. "We are currently studying, calculating and calculating domestic (energy) needs with economic geopolitics," said Bahlil. He believes that the cooperation and programs that have been produced under the bilateral framework between Indonesia and China continue to show significant progress. "There is no need to doubt this togetherness (cooperation). I believe that the first thing in investing is comfort. And Indonesia offers that sense of comfort," stressed Bahlil. In the future, the partnerships being forged in the energy sector must be mutually beneficial for both parties. "We will open the best possible space for doing business in Indonesia while still paying attention to the rules and must benefit everyone," he explained. The Indonesian government also expressed its appreciation to the Chinese government for holding this forum. "It is an honor for me to welcome all of you to Bali at the 7th Indonesia-China Energy Forum. I would like to express my appreciation to the Chinese delegation, especially to Administrator Zhang Jianhua for the cooperation in the energy sector that has been touring so far," concluded Bahlil. The Administrator of China's National Energy Administration (NEA), Zhang Jianhua, also conveyed the same thing. The Chinese government sees bright prospects for bilateral relations. "Indonesia and China in the (energy) development process have the same concept. We discussed strategic partnerships in influencing the international world market," said Zhang. The transfer of technology and human resources (HR) by China is expected to increase capabilities in managing domestic energy security. "Cooperation in the energy sector is solid cooperation to achieve success in people's welfare," he concluded. For information, Indonesia - China has a regular biennial bilateral forum, namely the Indonesia-China Energy Forum (ICEF) which is chaired by the Indonesian Minister of Energy and Mineral Resources and the Administrator of China's National Energy Administration (NEA). This forum was first held in 2002 and was attended by a number of government officials and Indonesian and Chinese business people. ICEF meetings have been held six times, with the 6th ICEF being held on 8-9 July 2019 in Beijing. After Indonesia hosted the 7th ICEF meeting this year, NEA China will next host the 8th ICEF in 2025. (SF) (SOURCE)

Sep, 23 2024

Garut Regional Government Wins Award at the 77th Harkop West Java Level

The Garut Regional Government received an award as a district/city government that actively encourages the development of cooperatives and supports the progress of cooperatives. This award was given at the 77th West Java Province Cooperative Day (Harkop) Commemoration event in 2024, which was held at the Galuh Mas Street Carnival, Karawang Regency, Friday (12/7/2024). Acting The Governor of West Java, Bey Machmudin handed over the award to Acting. Garut Regent, Barnas Adjidin. Barnas said that this award is a source of pride that must be followed by clear steps in developing cooperatives in the future so that cooperative members are more prosperous. Barnas added that Harkop is not just a slogan, but needs to be promoted in Garut Regency. He emphasized the importance of education for regions and institutions so they can form cooperatives. "Cooperatives can be institutions that ward off detrimental actions such as online gambling and online loans," said Barnas. He hopes that the Head of the Garut Regency Cooperatives and Small Micro Enterprises (Diskop UKM) Service and his staff will continue to educate the public about cooperatives. "With rapid development, cooperatives must also be faster, not inferior to the current conditions. I hope that cooperatives can become an umbrella of protection for the residents within the cooperative itself," he hoped. The Governor of West Java, Bey Machmudin, in a West Java Public Relations press release, stated that the 77th Harkop commemoration in 2024 reflects the strategic role of cooperatives in accelerating the nation's efforts to get out of the middle income trap. According to him, cooperatives have an important role in developing the people's business ecosystem from micro businesses. to small businesses, and small businesses to medium businesses. According to him, cooperatives have become a solution to provide certainty in purchasing products, access to innovation and technology, partnerships and capital. Therefore, Bey hopes that more cooperatives will be able to provide technology and innovation to support a promising business ecosystem for the younger generation. "The cooperative spirit must be transmitted to the younger generation to create a more promising business ecosystem," he said. He emphasized that the more cooperatives that provide solutions in innovation, technology, partnerships, markets and capital, the faster MSMEs in Indonesia will move up in class. SOURCE

Jul, 15 2024

Bandung Residents Should Be Proud, It Turns Out that West Java Has Become the Favorite Investor with Realized Investment of IDR 123.48 Trillion

TIMENEWS.co.id – West Java Province has once again made a brilliant achievement by becoming the largest foreign investment destination in Indonesia. Based on the latest data, West Java recorded investment realization from investors of USD 8.28 billion or equivalent to IDR 123.48 trillion this year. This achievement places the province in the top position as a favorite for foreign investors, ahead of other provinces in Indonesia. West Java's success in attracting investor interest cannot be separated from various supporting factors that make it a very attractive region for investment. Increasingly developed infrastructure, easy accessibility and quality human resources are the main attractions. Apart from that, the provincial government which is proactive in supporting the investment climate through various investor-friendly policies also plays a role in increasing investor interest. Leading Sectors Several leading sectors that are excellent for investors in West Java include manufacturing, technology, property and infrastructure. The manufacturing sector, especially the automotive, electronics and textile industries, remains the backbone of West Java's economy. Many multinational companies choose to set up factories or expand in industrial areas in this province, especially in the Bekasi, Karawang and Cikarang areas. Apart from that, the technology sector is also showing rapid development, with many startups and technology companies starting to see the potential of West Java as their operational base. The area around Bandung, which is also known as a center for education and research, has become a center for technological innovation that attracts investors from various countries. The support of the West Java provincial government under the leadership of Governor Ridwan Kamil is one of the key factors in the province's success in attracting investment. With massive infrastructure development initiatives such as the construction of toll roads, airports and ports, West Java is increasingly integrated with major markets, both at home and abroad. Large projects such as the construction of the Patimban Port in Subang also open up opportunities for West Java to become an import-export gateway in Indonesia. Not only that, tax incentive policies, simplifying licensing, and efforts to speed up bureaucracy through digital systems also make it easier for investors to run business in West Java. All these steps create a conducive and efficient business climate, thereby increasing the province's competitiveness in the eyes of global business players. Future Prospects With the success of recording large investment realizations, West Java's economic prospects in the future look very promising. Apart from making a significant contribution to national economic growth, this investment flow is also expected to create new jobs and improve the welfare of local communities. The development of various industrial areas, infrastructure projects and initiatives in the digital sector will encourage more inclusive and sustainable economic growth. Overall, West Java's success in becoming a favorite for foreign investment in Indonesia is the result of good collaboration between local government, business people and the community. With a strong foundation and a commitment to continue increasing its investment attractiveness, it is not impossible that West Java will continue to be a major destination for investors in the next few years, further strengthening its position as one of the most important provinces in Indonesia. West Java's achievement in attracting foreign investment of IDR 123.48 trillion shows how strong the attraction of this province is for investors. Quoted from YouTube creative Hamdi, Thursday 19 September 2024. With capable infrastructure, progressive government support, and broad economic potential, West Java now stands as one of the leading centers of economic growth in Indonesia. In the future, it is hoped that West Java's success will further strengthen the role of this province as a driving force for the national economy and create more equitable prosperity for the community with investment and investors. (SOURCE)

Sep, 20 2024

Successfully Recording Sustainable Investment Realization, West Java BI and West Java Provincial Government Further Strengthen Synergy for a Strong Economy in 2025

BANDUNG WETAN, AYOBANDUNG.COM -- Synergy and collaboration between Bank Indonesia and the West Java Provincial Government have succeeded in bringing the West Java economy to grow strongly in 2024. The BPS release stated that the West Java economy in 2024 grew by 4.95% (year-on-year) compared to other provinces on the island of Java. The growth achievement of West Java Province is the second highest after DI Yogyakarta. The growth mainly comes from increased community mobility during the Nataru holidays and high investment. In 2024, West Java's investment performance again recorded extraordinary achievements, with a total investment reaching IDR 251.1 trillion, while making West Java the province with the highest investment value in Indonesia and equivalent to 14.7 percent of national investment realization. Head of the West Java Bank Indonesia Representative Office, Muhamad Nur, expressed his appreciation for the achievement of West Java's investment performance in 2024. He emphasized Bank Indonesia's commitment to overseeing investment and economic growth in 2025 amidst the challenges faced. In addition, Nur said, Bank Indonesia will continue to synergize with the West Java Provincial Government in realizing the achievement of Asta Cita, including through investment development that will support the achievement of the 3rd Asta Cita, increasing quality employment, encouraging entrepreneurship, developing the creative industry, and continuing infrastructure development. "This synergy is expected to continue to drive economic growth in West Java, make West Java more competitive and attractive to investors, and create a positive impact on the regional economy," said Nur at the Bewara Jawa Barat (BEJA) Talkshow on Tuesday (11/2/2025). On the same occasion, the Acting Governor of West Java, Bey Machmudin, also expressed his appreciation for the achievement of West Java's investment realization in 2024. Bey hopes that the realization of this investment will have a real impact on improving people's welfare. "The strong commitment of the West Java Provincial Government in creating a good investment climate is also proven by the achievement of the Investment Service Award (ALI)," said Bey. This cannot be separated from the synergy with Bank Indonesia which is realized through various activity programs such as the West Java Investment Summit (WJIS). In the talk show session, the Head of the West Java DPMPTSP, Nining Yuliastiani said that the processing industry and information and communication sectors are still the main sectors that attract investors throughout 2024. Nining added that various strategic steps have been prepared to make it easier for investors to invest in West Java, including through the OSS application and one-stop integrated service center. "The synergy of new work programs such as the West Java Investment Hub and the Investment Localpreneur Partnership are also ready to encourage increased investment in West Java 2025," said Nining. Meanwhile, Deputy Head of Bank Indonesia West Java Representative Office, Muslimin Anwar, added that economic growth in 2025 is predicted to be in the range of 4.7-5.5% (yoy) driven by increased consumption activity, improved exports and a more conducive investment climate. Meanwhile, Muslimin continued, the investment prospect in 2025 is predicted to grow strongly in the range of 7%-7.8% (yoy), supported by the downward trend in interest rates from world Central Banks to the commitment of the 5th Asta Cita to encourage downstreaming and industrialization which can be a positive stimulus for the West Java processing industry sector. "However, it is still necessary to be vigilant against the potential for widening divergence in world economic growth and the pressure of weakening various world currencies," said Muslimin. Muslimin also explained that Bank Indonesia's pro-stability and pro-growth policy mix will continue to support stability by continuing to monitor growth space. "Bank Indonesia has also strengthened the macroprudential liquidity policy (KLM) regulations which can ultimately contribute to job creation and improving public welfare," said Muslimin. Therefore, Muslimin emphasized, Bank Indonesia continues to be committed to facilitating and supporting the flow of investment in order to make the priority program of the Special West Java Government 2025 a success, through various policy channels, to the integration of the Investor Relations Unit (IRU) - Regional Investor Relations Unit (RIRU) - Global Investor Relations Unit (GIRU) which can support the effectiveness of trade and investment promotion activities. "The synergy and collaboration of Bank Indonesia Jabar's program activities with the West Java Provincial Government such as the West Java Investment Challenges and the West Java Investment Roadshow will continue to be implemented to promote West Java investment projects," he said. (SOURCE)

Mar, 19 2025

Minister of Communication and Information Invites Investors to Make Indonesia an AI Investment Destination

Jakarta (ANTARA) - Minister of Communication and Information (Menkominfo) Budi Arie Setiadi invited investors in the Technology, Information and Communication (ICT) sector to make Indonesia an investment destination for the development of artificial intelligence (AI). He conveyed this based on data that ASEAN continues to experience positive growth in the opportunities for AI's contribution to the regional economy, which in 2020 reached 1 billion US dollars, increasing to 11 billion US dollars in 2022. “Private investment destinations in the AI sector are still dominated by the United States, China and the United Kingdom. (Even though) the digital sector also continues to grow rapidly in the ASEAN region with the investment value in the ICT sector increasing," said Budi in Tangerang, Banten, Friday. While opening himself up to foreign investors investing capital for the development of AI in Indonesia, Budi also invited players in the national digital technology ecosystem to take the opportunity to develop AI as an innovation and solution. Budi said that the potential of AI is increasingly promising with the opportunity for competitive AI startup investment value to reach 1 trillion US dollars in ASEAN GDP by 2030. Meanwhile in Indonesia, the digital sector has succeeded in attracting approximately 22 billion US dollars of investment in 2023. "The market potential is also predicted to reach 210 billion to 360 billion US dollars in 2030, dominated by the e-commerce, online travel, transportation and food industries, as well as online media. The figure for AI's contribution to the Indonesian economy in 2030 is predicted to reach 366 billion US dollars. "This sector will be Indonesia's economic growth in the future," he said. The Minister of Communication and Information explained that this potential shows AI as emerging technologies or technology that is developing and increasingly trusted in various sectors. “As many as 73 percent of the 700 global AI developers believe that AI will be adopted by their organizations in the next two years. "AI is also trusted to provide solutions for various sectors in developing countries, such as in the fields of education, health, public and finance, as well as labor," he said. He also believes that efforts to create digital equality can also be bridged by AI, which is said to be an accelerator in the digital space. Acceleration of access to digital services using AI, said Budi, can occur through providing access to better information and public services, especially in rural or other remote areas. "Apart from that, AI also has the opportunity to increase economic productivity through automation and innovation, so that MSMEs are able to compete in the digital era," he said. Even so, he did not forget to mention that there are still several challenges in AI development that need to be watched out for and solutions sought so that Indonesia can become the right country for AI investment destinations by investors. One of them is uneven infrastructure development and limited funding which hinders internet penetration as a foundation for AI development. "Apart from that, the lack of transfer of knowledge from AI developing countries also limits the development of AI governance in a country," said Minister Budi. (SOURCE)

Oct, 01 2024

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