News - Investment Realization in West Java reaches Rp 210.6 Trillion by 2023

Investment Realization in West Java reaches Rp 210.6 Trillion by 2023

Jul, 05 2024

PenaKu.ID - Regional Secretary of West Java Province Herman Suryatman said that investment must be inclusive. This means that investment must have a direct impact on society, especially in overcoming the problems of unemployment and poverty.

This was said by Herman after attending the Regional Coordination Meeting in the framework of the preparation of the 2024 Strategic Investment Downstreaming Study in West Java Province at Sheraton Bandung Hotel, Bandung City, Thursday (4/7/2024).

"We know that currently West Java is the province with the highest investment in Indonesia, which has reached Rp 210.6 trillion (investment realization in 2023). Of course we hope that we will continue to maintain this investment, especially not to be exclusive, but inclusive investment, which has a direct impact on reducing unemployment, poverty," he said.

According to Herman, one of the strategic steps of the West Java Provincial Government to realize this is by downstreaming investment in West Java.

"One of the strategies in this investment is to downstream strategic investment, one of which is in the oil and gas sector," Herman said.

Herman also said that the downstream investment strategy had been implemented long ago by the Central Government. The West Java Provincial Government itself will follow these steps and is committed to being a leading province that carries out downstreaming.

"The end is how the people of West Java prosper. Because planting is actually only a target, the main goal is to make our country strong, to make West Java strong, advanced, and prosperous," he said.

Meanwhile, Expert Staff for Macroeconomics of the Ministry of Investment / BKPM Imam Soejoedi explained the importance of downstream investment.

"Thank you Mr. Sekda. It's amazing the directions, the inputs that are down to earth. Earlier Pak Sekda had conveyed the importance of downstreaming, not only sustainable investment but investment that can generate economic growth to the lower levels," said Imam.

(SOURCE)

Prabowo and SBY meeting to discuss the formation of a new investment institution

President Prabowo Subianto and the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY) met in Cikeas, Bogor, West Java, Monday, November 4 2024. The two discussed the formation of a new investment institution. "Pak Prabowo held a meeting with Pak SBY, among other things, discussing the formation of an investment institution that would be formed," said Gerindra Party DPP Daily Chair Sufmi Dasco Ahmad, quoted Tuesday, November 5 2024. Dasco did not specify the nomenclature of the investment institutions. He stated that SBY had experience leading Indonesia for 10 years. As a friend, he said that President Prabowo usually exchanged ideas with SBY. "Mr SBY has 10 years of experience in leading the Republic of Indonesia, of course as friends and comrades he is used to exchanging ideas," he said. Previously, President Prabowo Subianto met the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY). The meeting took place at SBY's residence in Puri Cikeas, Bogor, West Java. The general chairman of the Democratic Party, Agus Harimurti Yudhoyono (AHY), announced this meeting at the Democratic Party's National Technical Guidance (Bimtek) activity in Central Jakarta. (SOURCE)

Nov, 12 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

Realization of Expenditure and Regional Original Revenue (PAD) of West Java Predicted by Bank Indonesia to Increase in Second Semester 2025

SUKABUMIUPDATE.com – Bank Indonesia (BI) predicts that the realization of expenditure and Regional Original Revenue (PAD) of West Java Province will increase significantly in the second semester of 2025. As of July 2025, the realization of Budget Expenditure (APBD) of West Java Province reached 38.79 percent. This figure is above the national average, which only reached 31.8 percent. Meanwhile, the realization of West Java’s PAD has reached 44.72 percent of the fiscal target of APBD 2025, also surpassing the national average at 43.62 percent. Deputy Chief Representative of Bank Indonesia West Java, Muslimin Anwar, expressed optimism that the rising spending trend will continue in the second semester, along with the easing of budget policies at both central and regional levels. “The budget tightening has started to loosen, both at the central and regional levels,” he said at Gedung Sate, Monday (July 14, 2025). According to him, the large-value infrastructure spending was not yet optimal in the first semester and will be maximized in the second semester. This includes several projects within the National Strategic Program (PSN) that have started in West Java. “Infrastructure project spending, especially PSN, will be further optimized in the second semester. There are quite a few of these programs in West Java,” he added. On the PAD side, Muslimin emphasized the need to optimize the non-motor-vehicle tax sector. He assessed that the incentive policy of waiving Motor Vehicle Tax (PKB) positively impacted the increase in PAD, including revenue from billboard taxes. He also reminded the importance of attention to community welfare, especially micro, small, and medium enterprises (MSMEs). Regional governments are expected to encourage promotion of MSME products through exhibitions and business meetings to break into export markets. “West Java’s craft exports are still good; if higher taxes are imposed, especially from the US, markets might shift to Europe or countries in Asia and the Middle East. But of course, product quality must be improved,” he said. Muslimin added that now is the right moment for MSMEs to maximize domestic market potential. Meanwhile, West Java Provincial Secretary Herman Suryatman revealed that the fiscal capacity of West Java’s APBD in 2025 reaches over Rp31 trillion, making it among the highest among 38 provinces in Indonesia. In a meeting with Minister of Home Affairs Tito Karnavian, Herman stated that West Java’s regional expenditure ranks third nationally, after Yogyakarta and West Nusa Tenggara. Besides encouraging acceleration of expenditure realization, Herman stressed that the quality of regional spending is also a primary focus. “The Governor always reminds that APBD spending must directly benefit the community. God willing, we will continue to maintain and oversee West Java’s APBD for the welfare of the people,” he affirmed. [SOURCE]

Nov, 18 2025

House Commission VI Commends Perumnas–Telkomsel Partnership in Developing Modern TOD Housing in Depok

Deputy Chairman of House of Representatives (DPR RI) Commission VI, Eko Hendro Purnomo, has praised the collaboration between state-owned housing developer Perum Perumnas and PT Telkomsel in developing a modern Transit-Oriented Development (TOD) residential complex at Samesta Mahata Margonda Apartment in Depok. He said the partnership represents a concrete effort to provide decent, affordable housing supported by reliable digital connectivity. Eko delivered the remarks while leading a specific working visit by Commission VI to Samesta Mahata Apartment in Depok, West Java, on Friday (July 10, 2026). The visit aimed to review the development of the TOD area and assess the digital infrastructure provided by PT Telkomsel. "We are following up on the public hearing held two weeks ago regarding the development of TOD areas. Today, we witnessed an excellent synergy between Perumnas and Telkomsel. This project offers housing that is not only affordable and decent but also modern," Eko said. According to him, the availability of digital connectivity within the residential complex adds significant value by enhancing services for residents while strengthening Perumnas' competitiveness in developing TOD-based housing projects. "We are grateful that digital connectivity has now been integrated through the collaboration between Telkomsel and Perumnas. Hopefully, this will become a catalyst for Perumnas to continue growing and delivering better services to the public," he added. Eko also commended Perumnas for its achievements in developing and marketing Samesta Mahata Apartment. Based on the presentation received by Commission VI, both the occupancy rate and market response indicate strong public interest in the project, driven by its affordable pricing and modern residential concept. "The data presented today is very encouraging. The strategies implemented by Perumnas have demonstrated strong market appeal. People are attracted because the housing is affordable while still offering modern living standards," said the National Mandate Party (PAN) legislator. Furthermore, Eko encouraged Perumnas to continue strengthening its promotion and branding strategies so that TOD-based residential developments become more widely recognized and remain competitive with projects developed by private-sector property developers. He expressed hope that the partnership between Perumnas and Telkomsel would continue to expand as part of broader efforts to provide housing that is fully integrated with public transportation and supported by a robust digital ecosystem, creating added value for residents while reinforcing the transformation of Indonesia's state-owned enterprises. [SOURCE]

Jul, 13 2026

Investment Realization in Indramayu Reaches IDR 1.58 Trillion

Investment Climate in Indramayu Becomes More Investor-Friendly and Secure, Reaches Rp1.58 Trillion by Q2 2025, the investment climate in Indramayu Regency is increasingly friendly and secure. By the second quarter of 2025, investment realization had reached Rp1.58 trillion, about 75 percent of the annual target of Rp2.09 trillion. This achievement has made the Indramayu Regency Government, under the leadership of Regent Lucky Hakim and Deputy Regent Syaefudin, optimistic that this year’s investment target will not only be met but potentially exceeded. Deputy Regent Syaefudin conveyed this during an inspection of the Public Service Mall (MPP) and the Investment and One-Stop Integrated Service Office (DPMPTSP) on Monday (August 11, 2025). The visit was to monitor the progress of investments and licensing services in Indramayu. Head of DPMPTSP Indramayu, R. Wahyu Adhiwijaya, revealed that the Rp1.58 trillion investment realization came from several key sectors. The five largest sectors contributing to investment were manufacturing industry (Rp710 billion), wholesale and retail trade as well as motor vehicle repairs (Rp788 billion), health services (Rp253 billion), water supply and waste management including recycling (Rp207 billion), and real estate (Rp135 billion). Meanwhile, the five companies with the largest investments in Indramayu were Polytama Propindo (Rp287 billion), Sun Bright Lestari (Rp260 billion), Mitra Plumbon (Rp225 billion), Perumdam Tirta Darma Ayu (Rp206 billion), and Free View Internasional (Rp137 billion). Deputy Regent Syaefudin said this success reflects increasing investor confidence in Indramayu. “Now, investment in Indramayu is not only profitable but also safe. All parties are committed to creating a comfortable business climate,” he stated. He added that the growth in investment is expected to drive the local economy and improve community welfare. “This is our shared commitment, so investment continues to rise and brings real benefits,” Syaefudin emphasized. [SOURCE]

Nov, 26 2025

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