News - Kertajati Airport gets another injection of funds from West Java Provincial Government

Kertajati Airport gets another injection of funds from West Java Provincial Government

Aug, 01 2024

The West Java Provincial Government (Pemprov) will again disburse the budget for Kertajati Airport in Majalengka Regency.

This certainty is reflected in the Draft General Budget Policy (KUA) and Draft Temporary Budget Ceiling Priorities (PPAS) of the West Java Provincial Budget for 2025.

“The memorandum of agreement has been signed. There are several programs that are prioritized for the regional infrastructure sector. Those are smooth roads, BRT Bandung Raya, and BIJB Kertajati,” said Acting West Java Governor Bey Machmudin through a press statement.

The memorandum of agreement is the basis for regional apparatus. In particular, compiling the Budget Work Plan (RKA) and compiled as material for the preparation of the financial memorandum and regional budget 2025.

In addition, Bey also prioritizes the repair program for uninhabitable houses (Rutilahu). Including, handling slum areas for the Natural Resources Management (PSDA) sector.

For the PSDA sector, including food insecurity, farmer regeneration, inflation control, downstream industry, MSMEs, and investment.

Meanwhile, based on the results of the discussion, Bey explained that the draft KUA and draft PPAS 2025 targeted regional revenue of Rp29.93 trillion. And regional expenditure of Rp29.74 trillion.

“Regional financing revenue amounted to Rp424.58 billion. As well as regional financing expenditures of IDR 616.81 billion so that the volume of the APBD is IDR 30.35 trillion,” he said.

Bey appreciated all members of the West Java DPRD, TAPD and Regional Apparatus who had conducted joint studies and discussions.

Thus, the determination of revenue and expenditure targets can be allocated realistically.

“Hopefully all the development efforts that we have done, are doing, and will do in APBD 2025 can bring benefits to improve the welfare of the community,” he concluded.

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Indonesia's economy remains strong amid global uncertainty

Governor of Bank Indonesia (BI) Perry Warjiyo speaks during the Announcement of the Results of the June 2024 BI Board of Governors Meeting in Jakarta, Thursday (20/6/2024). ANTARA/Martha Herlinawati Simanjuntak Jakarta (ANTARA) - Bank Indonesia (BI) said Indonesia's economic growth remains strong amid global uncertainty, supported by the policy mix of Bank Indonesia and the government. "Private consumption grew well along with maintained purchasing power and strong consumer confidence," BI Governor Perry Warjiyo said in the Announcement of the Results of the June 2024 BI Board of Governors Meeting here on Thursday. In addition, Perry said investment increased, both building and non-building investment, in line with the continuation of government infrastructure projects and improved private investment. Increased domestic demand in the second quarter of 2024 was reflected in the positive performance of a number of household consumption and investment indicators, such as the Consumer Confidence Index, Real Sales Index, and Manufacturing Purchasing Managers' Index (PMI). Furthermore, goods exports increased driven by an increase in mining and manufacturing exports to major trading partners, such as China and India. Services exports also improved on the back of economic recovery in the countries of origin of foreign tourists. (SOURCE)

Jun, 24 2024

BI Rate Level 6 Percent, Bank Indonesia Optimistic that Economic Stability is Maintained Amid Global Geopolitics

AYOBANDUNG.COM - Bank Indonesia's decision to maintain the benchmark interest rate (BI Rate) at 6% is believed to be in line with its monetary and multi-financing strategy to maintain economic stability amidst global challenges. Daily Executive (Plh) Head of Bank Indonesia (BI) West Java, Muslimin Anwar, said that the implications of the BI Rate policy are expected to have a positive influence on various sectors, including the energy sector, in a global economic condition that is increasingly full of risks. “The risks to the global economy are getting higher, along with increasing geopolitical tensions and development fragmentation. "In the United States, more expansionary fiscal policies and domestically oriented economic strategies, including high trade tariffs, could trigger an economic slowdown and global inflation," he said at the West Java Energy Forum (WJEF) on Thursday, November 21 2024. These global conditions, he said, affected West Java's export sector. Where West Java's export commodities face the risk of decreasing demand due to protectionist policies in America. "Therefore, close synergy is needed between the central, regional, BI and other authorities to respond to this challenge," added Muslimin. Bank Indonesia estimates that West Java's economic growth in 2024 will be in the range of 4.6% to 5.4%, with inflation maintained at the level of 2.5% plus or minus 1%. In 2025, the economic growth target is projected to increase to 4.7% to 5.5%. However, Muslimin reminded that this achievement requires extra effort. "Amidst the challenges of American economic policy and potential trade barriers, West Java must focus on solid domestic development to achieve the vision of growth of up to 8% by 2028," he stressed. He further said that the 6% BI Rate policy also had an impact on the energy sector. Credit with competitive interest rates will support investment and development of the energy sector, which is one of the backbones of the economy. "With stable inflation and maintained growth, the energy sector can continue to contribute positively to regional development," said Muslimin. *** (SOURCE)

Nov, 28 2024

Ministry of Investment: Downstreaming Is a Priority In The New Government

Jakarta (ANTARA) - The Ministry of Investment/Investment Coordinating Board (BKPM) said the policy of processing raw materials into high added value products (downstreaming) will be one of the priority programs for the next government. "This has been planned since the time of President Jokowi and God willing, later the President-elect, Mr Prabowo, will become one of the priorities, downstreaming this," said Deputy for Investment Climate Development at the Ministry of Investment/BKPM Riyatno at the Investortrust Future Forum in Jakarta, Wednesday. He said the next government's commitment to advancing downstreaming in the country was because this regulation had provided many benefits for the Indonesian economy. For example, processing in the nickel sector provides added value of 11.4 times when processed into nickel sulfate, increases again 19.4 times when sold as a precursor, and increases up to 67.7 times when sold in the form of vehicle battery cells. electric (electric vehicle/EV). Apart from that, Riyatno said that in order to maintain the downstream ecosystem in a sustainable manner, according to him, the Ministry of Investment has implemented several things, such as issuing supporting regulations, tax incentives, encouraging financial sector policies, as well as regulations prohibiting the export of raw materials for nickel, bauxite, copper and tin. "One of the tax incentives handled through the Ministry of Investment/BKPM is tax holidays and also tax allowances. Then there are also financial sector policies, namely the OJK issuing policies in the banking industry to support the acceleration program for battery-based electric motorized vehicles, for example," he said. Previously, the President of the Republic of Indonesia, Joko Widodo, entrusted the continuity of industrial downstreaming to the development project for the Indonesian Capital City (IKN) to Prabowo Subianto after becoming President of the Republic of Indonesia for the period 2024 - 2029. President Jokowi emphasized that the sustainability of people's programs, whether it is the sustainability of infrastructure development or human resources (HR), is very important. (SOURCE)

Oct, 01 2024

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

Bogor Regent Plans Summarecon–Gunung Mas Cable Car Project, Seeks Private Investment

The Bogor Regency Government is preparing to develop a cable car system connecting the Summarecon area in Sukaraja District with the Gunung Mas Rest Area in the Puncak tourist destination. The project is designed as one of the key solutions to ease traffic congestion along the Puncak tourist corridor and will be financed through private investment without relying on the regional budget (APBD). Bogor Regent Rudy Susmanto said the project is currently in the feasibility study stage. The regency administration is also in discussions with several potential investors who may participate in the development of the project. According to Rudy, in addition to the cable car concept, the government is evaluating several alternative transportation systems, including an electric commuter rail service (KRL). However, all of these proposals require investments worth trillions of rupiah, making them financially unfeasible to fund through the regional budget alone. "The project requires an investment of several trillion rupiah. Therefore, we will not finance it through the regional budget but instead encourage private sector participation," Rudy said. He explained that the preliminary concept includes the construction of a lower terminal in the Summarecon area, which will serve as a park-and-ride facility where visitors can leave their private vehicles before continuing their journey to Puncak by cable car. The upper terminal is planned to be located at the Gunung Mas Rest Area. Through this concept, tourists are expected to shift from private vehicles to public transportation, helping reduce traffic congestion along the Puncak route. Rudy believes that the cable car project represents a strategic step toward developing a more integrated transportation system for the Puncak tourism area. In addition to easing congestion, the project is expected to provide a more convenient and efficient travel alternative for both residents and visitors. [SOURCE]

Jul, 13 2026

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