News - Largest in West Java, BKPM Records 2.4 Million Micro and Small Projects Worth Rp127 Trillion During Semester I-2024

Largest in West Java, BKPM Records 2.4 Million Micro and Small Projects Worth Rp127 Trillion During Semester I-2024

Jul, 30 2024

The contribution of Micro and Small Enterprises (MSEs) to investment continues to increase. During the first six months of 2024 (Semester I-2024), there were 2.4 million MSE projects with an investment value of Rp127 trillion.

The Ministry of Investment/Investment Coordinating Board (BKPM) noted that in the January-June 2024 period, MSE projects managed to absorb 4.69 million workers.

“From January to June, a total of 2.4 million projects were entered, with a value of Rp127 trillion for the employment of 4,696,618 people,” said Investment Minister/Head of BKPM Bahlil Lahadalia in Jakarta, Monday (29/7/2024).

Of the micro and small business projects in Semester I-2024, Bahlil said that it was still dominated by the trade and repair sector worth Rp46.5 trillion. Furthermore, the services sector contributed Rp24.8 trillion, hotels and restaurants Rp13 trillion, construction Rp11.9 trillion, and food crops Rp7 trillion.

Meanwhile, when broken down by location, West Java Province is the province with the largest progress in MSE investment development, with a project value of Rp22.1 trillion.

Outside MSEs, BKPM noted that investment in January-June 2024 (first semester) realized amounted to IDR 829.9 trillion and succeeded in absorbing as many as 1.225 million workers. The labor absorption was dominated by domestic investment (PMDN) with an investment value of Rp408.2 trillion and absorbed 738,202 Indonesian workers. Meanwhile, foreign investment (PMA) realized in the first semester amounted to Rp421.7 trillion with the absorption of 486,840 workers.

Banking Credit

Although the investment value of MSE projects is relatively small, in terms of employment, Bahlil admitted the large contribution of the MSE sector which reached 4.69 million workers. Therefore, he hopes that banks can increase the provision of credit or capital facilities to the MSE sector.

Bahlil said, of the total credit / lending disbursed by banks of Rp6,300 trillion, only 18 percent was channeled to micro, small and medium enterprises (MSMEs).

“So if we give more capital with banking facilitation, then this is the best instrument to create jobs. Even if wages are still minimum wage,” he said. (ant)

SOURCE

The West Java Trade and Industry Reminds of the Importance of Data to Remain Resilient

DARA – The manufacturing sector continues to solidify its position as a key pillar of the West Java economy. Based on the latest data through the second quarter of 2025, this sector recorded positive performance in terms of growth, contribution to Gross Regional Domestic Product (GRDP), and employment. The Head of the West Java Industry and Trade Office, Nining Yuliastiani, revealed that the manufacturing sector in West Java has demonstrated extraordinary resilience amid shifting global market dynamics. "The manufacturing industry remains the backbone of our economy," Nining said in a statement in Bandung. According to Nining, the data shows a shift in industrial growth subsectors. While in 2010 the food and beverage industry led the way with 8.7 percent growth, in the second quarter of 2025 the paper and paper products subsector now holds the highest growth position at 6.1 percent, followed by wood and wood products at 5.6 percent. "Although growth has slowed to 5.5 percent, the food and beverage industry remains a stable and primary supporter of West Java's industry," she said. In terms of contribution to GRDP, the metal industry remains the mainstay, despite experiencing a decline from 10.6 percent in 2010 to 7.7 percent in the second quarter of 2025. Conversely, the textile and clothing and food and beverage sub-sectors have shown an increasing trend, contributing to 6.2 percent and 6.0 percent, respectively. Nining also highlighted the dominance of investment in this sector. Data from the third quarter of 2025 shows differences in the characteristics of Foreign Direct Investment (FDI) and Domestic Direct Investment (DDI). "Foreign investment (FDI) in West Java is currently dominated by the chemical and pharmaceutical industries, reaching 12.7 percent. Meanwhile, for domestic investment (DDI), the food industry remains the leading player, with a share of 12.1 percent," Nining explained. With this achievement, the West Java Provincial Government is optimistic that strengthening labor-intensive industries and downstream chemical industries will continue to maintain West Java's economic stability throughout 2025 and into 2026. However, he emphasized that West Java's industrial strength will not be fully visible without complete data in the National Industrial Information System (SIINas). "The industrial sector is the largest contributor to West Java's economy. However, if reporting is low, the true added value is not captured. We are undervalued, referring to data from the Central Statistics Agency (BPS), which shows the manufacturing industry's contribution reached IDR 311.6 trillion, or 40.94% of West Java's total GRDP," he said. He added that much of West Java's industrial production differs from recorded figures due to underreporting. "To achieve the fourth quarter growth target, we cannot rely on physical development. The only way is to capture data, to collect data that has not been reported," he stressed. The latest data shows that the SIINas reporting rate has only reached 33.5%. This low compliance of industry players means that the regional GRDP calculation does not reflect the true condition. Regarding policy direction, Nining stated that the West Java Department of Industry and Trade has prepared steps to accelerate the use of SIINas, starting with information dissemination via email and WhatsApp, outreach and technical guidance on SIINas account registration and quarterly SIINas reporting, and establishing a helpdesk to facilitate the registration and reporting processes for industry. She emphasized that regencies/cities also need to directly monitor industries in their respective regions to prevent potential data loss or unrecorded data. She believes that every report received is a crucial part of the effort to achieve accurate and accountable industry data. [SOURCE]

Dec, 23 2025

Garut Welcomes Major Investment, Garment Industry Ready to Absorb Thousands of Workers

GARUT, FOKUSJabar.id: The Garut Regency Government has once again opened the door to large-scale investment in the garment industry. This commitment was reinforced through a visit by the leadership of PT Ennova Apparel Group and PT Hoga Reksa Garment, who were received directly by the Regent of Garut, Abdusy Syakur Amin, at the Pamengkang Room, Garut City District, on Sunday (January 4, 2026). The meeting discussed plans for a large-scale garment industry expansion, which is projected to absorb thousands of local workers, thus significantly boosting regional economic growth. The Regent of Garut, Abdusy Syakur Amin, expressed his appreciation for the investors' trust in expanding their businesses in Garut. He emphasized that the regional government will make every effort to support investors' needs by creating a safe and productive business climate. "The Garut Regency Government certainly welcomes this investment plan. We will provide maximum assistance in accordance with applicable regulations," Syakur said to company representatives. He added that the influx of new investment will not only boost the regional economy but also present a significant opportunity to create jobs for the people of Garut. Development and Recruitment Stages Mr. Nelson, a representative of PT Ennova Apparel Group, stated that his company will immediately begin renovating the production facility, which will serve as an industrial hub. The renovation process is estimated to last five to six months before the factory officially begins operations. "We will begin renovating the new factory, and the process will last at least five to six months until operations begin," Nelson explained. Regarding the workforce, Nelson stated that the company is targeting a workforce requirement of 3,000 to 5,000 people. Recruitment will proceed in stages, following the company's operational development. "In the initial phase, we are targeting the recruitment of around 900 to 1,000 people. The recruitment process will continue in the second and third phases," he added. At the conclusion of the meeting, the investors expressed their appreciation for the support and openness of the Garut Regency Government. They hope this collaboration will continue and have a positive impact on the community's welfare. [SOURCE]

Jan, 06 2026

Investment in Bekasi Regency Reaches 20 Percent, Property Sector Contributes

PIKIRAN RAKYAT - Capital investment in Bekasi Regency in the first quarter of 2024 has reached 20 percent. This figure is believed to continue to increase as the number of investments from various sectors in this area nicknamed Industrial City increases. One factor that also increases investment is sales from the property sector. Acting Regent Dani Ramdan said that investment realization was a positive point of growth. In fact, it is believed that investment in Bekasi Regency in 2024 will increase compared to the previous year after financial conditions have completely recovered. "This year the investment that has come in is around more than 20 percent. The numbers continue to increase until they close at the end of the year. However, judging from the progress of the past few months, we believe there will be an increase in investment realization as conditions in the business world continue to recover. "And we are grateful that Bekasi Regency is still the main choice," said Dani. Reflecting on 2023, investment realization in Bekasi Regency reached IDR 61,211,307,193,110. This realization increased significantly compared to 2022, which amounted to IDR 47.03 trillion. Every year, investment in Bekasi Regency is always the highest in West Java with a percentage reaching 29.06 percent. With the current achievement of 20 percent, if calculated from last year's realization, investment in Bekasi Regency has now reached IDR 12.24 trillion. One of the major investments that has attracted attention is the opening of a number of new factories in various sectors ranging from manufacturing, automotive to household needs. Then the realization of this investment was also injected from sales in the property sector. One of the largest property developers in Bekasi Regency, Lippo Cikarang also recorded sales figures of 23 percent or IDR 325 billion in the first quarter of this year. This sale is believed to be within the company's target set at IDR 1.4 trillion at the end of the year. LPCK President Director Ketut Budi Wijaya said that the company's main income comes from the handover of landed houses, commercial units or shophouses, industrial land as well as non-property income from Lippo Cikarang city management. These include a number of housing projects such as Waterfront Estates and The Hive, which have handed over 230 units. "Indeed, there was an increase in the positive direction in the first quarter of this year. Excluding sales, the company's total revenue was IDR 435 billion or an increase of 175 percent compared to the first quarter of last year. Of course we are proud to be able to help increase the realization of investment in Cikarang," he said . Ketut predicts that the opportunity for the industry to continue to grow is still very open. This can be seen from the high market demand for both private residences and industrial purposes. "The company has succeeded in achieving pre-sales of 23 percent of the annual target, and we believe there will continue to be an increase," he said. (SOURCE)

May, 15 2024

BKPM: West Java and Jakarta Still the Prima Donna Regions for Investors

KONTAN.CO.ID – JAKARTA. The Ministry of Investment and Downstream/Investment Coordinating Board (BKPM) reported that investment realization throughout 2024 reached IDR 1,714.2 trillion. This realization reached 103.9% of the target of IDR 1,650 trillion, or an increase of 20.8% year on year (YoY). The Minister of Investment and Downstream or Head of BKPM Rosan Perkasa Roeslani said that the largest investment realization throughout 2024 went to West Java and DKI Jakarta. For West Java, the value reached IDR 251 trillion or 14.7% of the total investment. Meanwhile, DKI Jakarta reached IDR 241.9 trillion or 14.1%. "When viewed in terms of the top five, it is still in Java. West Java is number one, Jakarta is number two," said Rosan in a press conference, Friday (31/1). Meanwhile, investment entering West Java throughout 2024 reached 103,009 projects. Of the total of IDR 241.9 trillion, IDR 28.7 trillion was invested in the pulp and paper sector. Then in Jakarta, the realization was IDR 241.85 trillion with the number of projects reaching 221,655. In third place is East Java reaching IDR 147.32 trillion with projects reaching 67,302. Central Sulawesi reached IDR 139.88 trillion with 5,960 projects. And in fifth place is Banten reaching IDR 105.62 trillion with 47,556 projects. For example, investment in Central Sulawesi of IDR 90.2 trillion or 90.95% of the total investment to the region, investing in the nickel sector. [SOURCE]

Mar, 17 2025

Majalengka Leads Ciayumajakuning Investment in 2024

Bisnis.com, MAJALENGKA - Majalengka Regency recorded the highest investment realization in the Cirebon, Indramayu, Majalengka, and Kuningan (Ciayumajakuning) areas throughout 2024. Based on data released by the Majalengka Regency Investment and One-Stop Integrated Service Office (DPMPTSP), the total investment realization in the area reached IDR 3.59 trillion. This figure places Majalengka in first place in terms of investment receipts compared to other regions. Head of DPMPTSP Majalengka Regency Ucu Sumarna said that investment realization in Majalengka Regency in 2024 had increased significantly. "Compared to other regions in other regions, investment realization in Majalengka in 2024 was the highest. This is proof that Majalengka Regency is increasingly in demand by investors, both from within the country and abroad," said Ucu, Wednesday (2/19/2025). Based on DPMPTSP data, after Majalengka, Cirebon Regency is in second place with investment realization reaching IDR3.11 trillion. Meanwhile, Cirebon City follows in third place with an investment of IDR2.55 trillion. Indramayu Regency recorded an investment of IDR1.51 trillion, and Kuningan Regency is in last place with an investment of IDR493.3 billion. "This quite high investment realization shows that Majalengka Regency is increasingly being considered by investors as a strategic location to develop their businesses," explained Ucu. According to Ucu, there are several factors that contribute to the increase in investment in Majalengka. One of them is the support of infrastructure that is increasingly developing rapidly. Majalengka Regency has toll road access that facilitates the distribution of goods and mobility of workers. In addition, the existence of the West Java International Airport (BIJB) Kertajati is also a special attraction for investors who want to run a business in the area. In addition to infrastructure, another factor that attracts investors is the relatively more affordable wages compared to other areas in West Java. This provides benefits for companies in reducing operational costs. "Ease of licensing is also one of the attractions for investors to invest in Majalengka. We continue to strive to provide the best service so that the licensing process runs quickly and efficiently," he added. To maintain this positive trend, the Majalengka Regency Government has prepared several strategies to continue to increase investment attractiveness. Some of the steps taken include improving licensing services, building supporting infrastructure and promoting regional potential. The Majalengka Regency Government is optimistic that it can continue to increase the attractiveness of the region for investors in the following years. Support from various parties, including the community, is also key to creating a healthy and sustainable business environment. "We hope this positive trend can continue. We will continue to make improvements and innovations so that incoming investment can have a positive impact on economic growth and the welfare of the community in Majalengka Regency," concluded Ucu. (SOURCE)

Mar, 18 2025

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