News - KPwBI Jabar Committed to Monitoring Investment Growth Trends This Year

KPwBI Jabar Committed to Monitoring Investment Growth Trends This Year

Mar, 17 2025

Bisnis.com, BANDUNG — The West Java Bank Indonesia Representative Office is committed to overseeing this year's investment performance amidst the challenges faced. Previously, West Java's investment performance was recorded at IDR 251.1 trillion, making West Java the province with the highest investment value in Indonesia and equivalent to 14.7% of national investment realization.

"Bank Indonesia will continue to synergize with the West Java Provincial Government in realizing the achievement of Asta Cita," said Head of the West Java BI Representative Office Muhammad Nur in Bandung, Tuesday (11/2/2025).

He explained that the synergy will be carried out, among others, 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.

Acting Governor of West Java Bey Machmudin expressed his appreciation for the achievement of West Java's investment realization in 2024. Bey hopes that this investment realization 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).

"This is inseparable from the synergy with Bank Indonesia which is realized through various activity programs such as the West Java Investment Summit (WJIS)," he said.

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.

Various strategic steps are prepared to provide convenience for investors to invest in West Java, including through the OSS application and one-stop integrated service center and new work program synergy. Such as the West Java Investment Hub and Investment Localpreneur Partnership are also ready to encourage increased investment in West Java in 2025.

Deputy Head of the West Java Bank Indonesia 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 activities, improved exports and a more conducive investment climate.

Meanwhile, the investment outlook for 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 weakening pressure of various world currencies.

"Bank Indonesia's pro-stability and pro-growth policy mix will continue to support stability by continuing to monitor growth space," he said.

Bank Indonesia has also strengthened the macroprudential liquidity policy (KLM) regulations which can ultimately contribute to job creation and improve public welfare.

"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," he explained.

He also ensured that 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.

(SOURCE)

The Government Has Approved 6 New SEZs With An Investment Target of IDR 1,089.84 Trillion

Jakarta (ANTARA) - The National Council for Special Economic Zones (KEK) has approved the proposal to establish six new KEKs and one expansion of the Nongsa KEK in Batam with a target investment value of IDR 1,089.84 trillion. Coordinating Minister for Economic Affairs Airlangga Hartarto said that the KEK development is expected to create more than 14 million jobs. "Regulations will soon be prepared for all of these SEZ proposals and we are targeting the relevant Government Regulations (PP) to be completed in the second week of October 2024," said Airlangga in his statement in Jakarta, Wednesday. The KEK National Council will recommend to the President the establishment of a PP on 6 new KEKs and an increase in area for the Nongsa KEK. The 7 SEZs proposed are the first, the Sidoarjo Halal Industry SEZ, which is located in Sidoarjo Regency, East Java Province. The KEK has a land area of 796.65 hectares and is designed to support the development of the manufacturing sector which focuses on halal products. The Sidoarjo Halal Industrial SEZ is targeting investment realization of IDR 97.8 trillion in 2054 with a target workforce of 317,670 people. The second proposal is the Batuta Chemical Industrial Park KEK in East Kutai Regency, East Kalimantan Province. This KEK is designed to be an industrial center that focuses on the manufacturing sector with a land area of 748.9 hectares. With a total potential workforce of 432,964 people, KEK BCIP has an investment realization target of IDR 61.51 trillion in 2054. The third proposal is the Patimban SEZ in Subang Regency, West Java Province. This KEK has a land area of 511 hectares with a total investment realization of IDR 141.6 trillion in 2054 with a target workforce of 156,154 people. Apart from the Patimban SEZ, the Subang SEZ which is also located in Subang Regency, West Java Province and is a manufacturing SEZ, this SEZ was proposed by PT Aneka Bumi Cipta to be the fourth proposed SEZ with a target of realizing investment in the Subang SEZ of IDR 134.59 trillion with a land area of up to 481.93 hectares. The fifth proposal, the Mangkupadi KEK is located in Bulungan Regency, North Kalimantan Province, is a proposal by PT Kalimantan Industrial Park Indonesia (KIPI). With a land area of 11,696.53 hectares. This KEK is targeted to absorb a workforce of 140,796 people and realize an investment of IDR 504 trillion. Sixth, KEK Batang Integrated Industrial Zone which is in Batang Regency, Central Java Province. This KEK targets investment realization to reach IDR 130.3 trillion with a land area of 2,886.87 hectares and a total workforce absorption of 325,651 people. Then seventh, the proposed land expansion in the Nongsa KEK covers an area of 22.43 hectares with an investment realization target of IDR 20.07 trillion. "The proposed expansion of the Nongsa KEK is to develop a data center where the proposer of this KEK is PT Taman Resor Internet with business activities from the Nongsa KEK, namely tourism, and research, technology development," explained Airlangga. (SOURCE)

Oct, 01 2024

West Java RPJPD 2025-2045 Targeted to be Completed in August 2024

WJtoday, Bandung - The Regional Government of West Java Province is currently preparing a Regional Long Term Development Plan (RPJPD) for 2025 - 2045. The RPJPD, which will guide West Java's development for the next 20 years, is targeted for completion in August 2024. West Java Regional Secretary Taufik Budi Santoso, Daily Executive (Plh), said that later this RPJPD would also be the basis for preparing the Regional Medium Term Development Plan (RPJMD) for 2025 - 2030. The initial draft of the RPJPD must be completed before the 2024 regional elections because the RPJMD will be the basis for the KPU and Bawaslu to appoint candidates for Governor of West Java for the 2024 - 2029 period. "Before this RPJMD is used as the basis for implementing regional elections, the 2025-2045 RPJPD must be completed first. It is targeted that the RPJPD will be adopted as a regional regulation in August 2024," said Taufik during a discussion meeting of the RPJPD with all regional officials at the West Java Bappeda office, Bandung City, Wednesday ( 10/1/2024). The preparation of the 2025 - 2045 RPJPD will adhere to 10 principles. The main principle is SMART (Specific, Measurable, Achievable, Rational, Tempo). "10 principles that must be adhered to in preparing the RPJPD. In essence, every plan we prepare must implement these 10 principles, especially we must be able to apply the SMART principle," said Taufik. In October 2023, the West Java Bappeda carried out an evaluation of the RPJPD 20 years earlier. The evaluation results are part of the preparation of the initial draft of the 2025 - 2045 RPJPD. Then in December 2023, the initial draft was submitted to the West Java DPRD and in January 2024 it is targeted to be submitted to the Ministry of Home Affairs. Furthermore, in February 2024 the initial draft of the RPJPD is expected to be completed because in March 2024 it will be discussed at the West Java Regional Musrenbang. The results of the Regional Musrenbang are the final draft of the RPJPD which is targeted for completion in April 2024. The final draft of the RPJPD will then be evaluated by the Inspectorate before being discussed again with the West Java DPRD to be made into a draft regional regulation for the period May to June 2024. After the RPJDP draft regional regulation is decided together with the DPRD, it is then submitted to the Ministry of Home Affairs to be evaluated first before being adopted as a regional regulation. "Every legal product in the region must of course receive an evaluation from the Ministry of Home Affairs, so the West Java RPJPD Regional Regulation will be enacted in August no later than the second week," said Taufik. Issues discussed in the 2025 - 2045 RPJPD include poverty alleviation, unemployment, Gini ratio, stunting, environmental issues, basic services, internet access blank spots and increasing the Human Development Index.*** (SOURCE)

Jan, 12 2024

Jotun Inaugurates Water-Based Paint Factory in Cikarang, Investing Rp1 Trillion to Strengthen Manufacturing Industry

Global paint and coatings company Jotun has officially inaugurated its newest water-based paint factory in Cikarang, West Java, with an investment of IDR 1 trillion. This step is a key strategy to strengthen production capacity and support the growth of the manufacturing industry in Indonesia. Jotun Indonesia President Director, Arun Kumar, stated that Indonesia is one of Jotun's key markets globally. Of the company's more than 100 operating countries, Indonesia is among the company's 10 largest contributors. "The inauguration of this facility reflects our confidence in the potential of the Indonesian market, as well as our commitment to strengthening local manufacturing and bringing global quality closer to consumers," he said at the factory inauguration in Cikarang on Wednesday (April 15, 2026). The new factory is projected to increase Jotun's production capacity to 100 million liters per year. The facility is expected to ensure more stable product availability, faster distribution, and consistent quality for construction and residential projects. Furthermore, the facility is equipped with modern, integrated manufacturing technology to increase production efficiency and support sustainable business growth. The growth of the construction sector and the increasing demand for high-quality products suited to tropical climates make Indonesia a strategic market for Jotun. This investment also aligns with the government's target, set by the Ministry of Industry of the Republic of Indonesia, of 5.51% manufacturing industry growth by 2026, with a contribution to the national Gross Domestic Product (GDP) of 18.56%.[Source]

May, 29 2026

The 30 minute investment licensing process can be done in West Java

Bandung (ANTARA) - (Acting) Governor of West Java Bey Triadi Machmudin said that the investment licensing process in West Java could be completed in a maximum of 30 minutes, as desired by President Joko Widodo to boost investment in the region. "Yes, it must be possible, there are indeed notes, but we have to get there, the process should ideally take 30 minutes as directed by the president," said Bey in Bandung, West Java, Tuesday. With the shorter investment licensing process which is almost certainly accompanied by cuts to requirements such as environmental impact analysis (AMDAL), Bey said that this procedure will still exist even with a follow-up document system. If one of the procedures does not pass, even if it is a follow-up document, such as an Amdal document, Bey said that his party will revoke the investment permit. "So it could be an amdal, to set up a company, for example the system is established first, later the amdal still has to be included, so the permission is verbal but the amdal still cannot be passed. If the amdal is not passed it will definitely be revoked," he said. Previously, President Joko Widodo reminded regional heads to be able to attract as much investment as possible, one of which is by making it easier to manage permits. For example, the United Arab Emirates (UAE), he said, is able to facilitate permits in just 30 minutes. "Don't leave it for months. The permission is so that ladies and gentlemen know. In the United Arab Emirates, it doesn't take 30 minutes for it to be finished, it's finished. There aren't 30 minutes for it to be finished, it's finished," said President Jokowi when giving directions at the State Palace at the end of October. . The West Java Investment and One-Stop Integrated Services Service (DPMPTSP) itself noted that investment realization in West Java up to the third quarter of 2023 had reached 81.5 percent of the target set by the Indonesian Ministry of Investment/BKPM of IDR 188.03 trillion. Head of West Java DPMPTSP Nining Yulistiani said that during the third quarter of 2023, namely July to September, West Java investment realization reached IDR 49.5 trillion. "The achievement of West Java Investment realization in the third quarter according to what was released yesterday by BKPM on October 20 2023, cumulatively from January to September 2023, reached IDR 153.2 trillion, which means 81.5 percent of the investment target imposed on West Java has been achieved amounting to IDR 188.03 trillion," said Nining in his voice message in Bandung. Nining said that investment realization in the third quarter of 2023 amounted to IDR 153.2 trillion, up to 19.4 percent higher than in 2022 in the same period which reached IDR 128.3 trillion. (SOURCE)

Nov, 28 2023

KKJ-PKJB 2024 was officially opened to encourage the expansion of the MSME market

West Java Creative Works and West Java Crafts Week (KKJ-PKJB) 2024, which presents premium craft, fashion, culinary and other creative industry product creations from 130 of West Java's leading MSMEs, was officially opened to help expand their market. "KKJ-PKJB 2024 is a manifestation of the commitment of the Ministry of Trade together with regional governments and related stakeholders including Bank Indonesia in encouraging the marketing of West Java MSME products," said Minister of Trade Zulkifli Hasan when giving a speech in Bandung, Friday. This, he said, is important because MSMEs are an "important engine" for the economy, through large employment absorption and contribution to economic growth and also have the potential to become a motor for increasing Indonesia's export performance, in line with the existence of various commodities that have the potential to be marketed widely to main export destination country. Deputy Governor of Bank Indonesia, Aida S Budiman, in his speech said that MSMEs also play an important role in controlling regional inflation, where one aspect of controlling inflation, availability of supply, is an important pillar that can be supported by MSME/Food Cluster players. "In the 2024 KKJ-PKJB, Bank Indonesia together with regional governments through the National Food Inflation Control Movement (GNPIP) program and the Regional Inflation Control Team (TPID) are also actively strengthening and expanding cooperation between regions, between business actors on a Business to Business (B2B) basis. ," said Aida. A concrete manifestation of strengthening inter-regional cooperation in the KKJ-PKJB 2024, he said, was the signing of inter-regional cooperation on horticultural commodities between MSME actors from Bandung Regency and Garut Regency and MSME actors from Pangkal Pinang City, Bangka Belitung Province. BI's support for MSMEs is also realized through the digitalization of payments using QRIS, which by April 2024, West Java will be the epicenter of QRIS user growth in line with its share reaching no less than 22 percent nationally or 10.8 million users. In campaigning for QRIS to support MSMEs in the tourism sector, at KKJ-PKJB 2024 the QRIS Jelajah Indonesia Kick Off was also inaugurated, which is a mission completion competition by exploring West Java tourist locations. "QRIS Jelajah Indonesia further complements various MSME development programs by Bank Indonesia, which are expected to further increase the contribution of MSMEs to West Java's economic growth," he said. In the same place, West Java Regional Secretary Herman Suryatman agreed that the 2024 KKJ-PKJB event was a forum for continuing to expand financial and marketing access for West Java Creative MSMEs. In organizing the 2024 KKJ-PKJB, the West Java Provincial Government and West Java BI consistently prioritize showcasing and business matching, financing and marketing of MSME products, with future development increasingly focused on MSMEs that have implemented the green economy concept. "Financing by banks will also be increasingly directed at MSMEs that prioritize environmentally sound products. All of this is of course aimed at realizing West Java's economic growth that is increasingly sustainable and inclusive," said Herman. Meanwhile, Head of Bank Indonesia West Java Province Representative, Muhamad Nur added that in line with the tagline "Gaspol UMKM, Jabar Caang", KKJ-PKJB 2024 is also equipped with the Java Tea Experience (JTE) 2024 event which is an event showcasing superior product MSMEs tea partners of Bank Indonesia throughout Java. "JTE 2024 is also equipped with talk shows on artisan tea business development, tea exports and tea mixology classes," he said. Apart from that, the 2024 KKJ-PKJB is also coupled with the West Java Industrial Meeting (WJIM) which is a forum for BI and stakeholders to disseminate various policies that support the development of industrial players. In this WJIM, Bank Indonesia will disseminate the Macroprudential Liquidity Incentive (KLM) and Local Currency Transaction (LCT) policies which can support the development of West Java sectoral performance. "Utilization of KLM and LCT policies, especially in the creative economy sector, will have an impact on optimal financing for West Java Creative MSMEs accompanied by efficient exchange rate costs in the context of export activities. Thus, the meaning and usefulness of the 2024 KKJ-PKJB event in efforts to encourage economic growth in West Java sustainability and inclusion are increasing," he said. KKJ-PKJB 2024, which is the Road to Indonesian Creative Work event, will be held at the Trans Convention Center and Trans Studio Mall Bandung on 28-30 June 2024. SOURCE

Jul, 03 2024

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