News - Meeting with Kadin to Discuss Investment, Dedi Mulyadi: West Java Must Have Zero Premanism

Meeting with Kadin to Discuss Investment, Dedi Mulyadi: West Java Must Have Zero Premanism

Mar, 21 2025

KOMPAS.com - West Java Governor Dedi Mulyadi received a visit from the Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, along with his management, including Jayabaya and Erwin Aksa.

This meeting discussed a joint commitment to building a better investment climate in West Java.

"We as representatives of the people of West Java are very happy with the arrival of the Chairman of Kadin. We are all committed to building an investment climate in West Java," said Dedi Mulyadi in a video uploaded on social media and reconfirmed by Kompas.com, Friday (3/21/2025).

Dedi said, to create a good investment climate, his party will take various steps. Among them are eliminating investment levies, eradicating thuggery or zero thuggery, building infrastructure, creating a good employment system, and encouraging entrepreneurs to care more about the environment and the welfare of their employees, including not being late in paying THR.

"West Java must be zero thuggery," said Dedi Mulyadi.

Dedi also added that he had provided a special policy related to THR for West Java residents.

"For me, I have given THR in the form of eliminating vehicle tax arrears," he said.

Meanwhile, Kadin General Chair Anindya Bakrie emphasized the importance of West Java's role in the national economy.

"West Java can be said to be a barometer for Indonesia. We came here to meet the Governor to ask for input on how Kadin can continue to support West Java, and West Java can provide support for Indonesia," said Anindya.

He is also optimistic that if all goes well, economic growth can reach the national target.

"I am quite confident that if everything goes well, the economy can grow 8 percent as the President hopes," he added.

Dedi Mulyadi closed the meeting with one important note.

"All development targets can be achieved if we live in harmony. Kadin is an entrepreneur organization, so everyone must be in harmony," said Dedi, who implicitly alluded to the dualism of leadership within Kadin.

[SOURCE]

West Java Targets 6% Economic Growth by 2026

BANDUNG, investor.id – The West Java Provincial Government is targeting economic growth of 5.5% to 6% by 2026. This optimistic target is driven by massive development activities, particularly infrastructure, which will have a significant impact on increasing labor absorption and industrial production capacity. The Regional Secretary (Sekda) of West Java Province, Herman Suryatman, explained that West Java's current economic growth rate is already above the national average of 5.2%. Herman is confident this positive trend will continue next year. "Next year, we are optimistic that we can reach 5.5% to 6%," Herman said in Bandung, Tuesday (December 9, 2025), as quoted by Antara. Referring to Statistics Indonesia (BPS) data, West Java's economy, based on Gross Regional Domestic Product (GRDP) at current prices in the third quarter of 2025, reached IDR 759.80 trillion and at constant 2010 prices reached IDR 461.90 trillion. West Java's economy grew 5.20% year-on-year (yoy) in the third quarter of 2025. From the production side, the Corporate Services Sector experienced the highest growth at 16.37%. From the expenditure side, the Gross Fixed Capital Formation (PMTB), or investment, experienced the highest growth at 5.27%. According to Herman, achieving the 2026 target requires solidity across all sectors and strong leadership to accelerate development in West Java. In addition to infrastructure and increased investment, West Java's economy will also be supported by strengthening industrial production activities. Herman added that the West Java Provincial Government's revenue realization has currently reached 85% to 90% of the target, and he is confident that this figure can reach above 95% by the end of 2025. West Java's economic optimism is also supported by its solid foreign trade performance. Herman stated that West Java's foreign trade surplus remains strong, as evidenced by the high value of exports. West Java's export performance from January to October 2025 reached US$32.25 billion, representing a 2.31% year-on-year increase. Meanwhile, imports reached US$9.98 billion, a 7.66% year-on-year decrease. Thus, West Java's foreign trade balance recorded a surplus of US$22.27 billion from January to October 2025, and a volume surplus of 3.47 million tons. West Java recorded the largest trade surpluses with the United States, the Philippines, Thailand, and Vietnam. [SOURCE]

Dec, 24 2025

Press Release: Ministry of Tourism and Creative Economy "Indobisa 2024" Enters Fundraising Bootcamp and Mentoring Stage

Bekasi, 4 Oktober 2024 - One of the programs of the Ministry of Tourism and Creative Economy/Tourism and Creative Economy Agency (Kemenparekraf/Baparekraf) entitled the IndoBisa (Indonesia Business Startup Matchmaking) 2024 program has now entered the fundraising bootcamp and mentoring stage. "The IndoBisa 2024 program has determined 30 finalist startup participants who will advance to the third stage of fundraising bootcamp and mentoring, before continuing with the fourth stage of pitching day," said Deputy for Industry and Investment at the Ministry of Tourism and Creative Economy/Baparekraf, Rizki Handayani, in his statement in Bekasi, Friday (4/ 10/2024). This mentoring exercise is useful for helping the selected finalists evaluate their readiness before starting the fundraising process. In the third stage which took place at the Harris Summarecon Hotel Bekasi, West Java, from 2 to 4 October 2024, as many as 30 finalist startup participants were guided by experts with experience in the field of investment and venture capital to help them prepare optimally. The mentors who guided the finalist participants consisted of Vice President Investment of Living Lab Venture, Edmund Caruli; Head of Investment BRI Ventures, Bima Setiaji; and Head of Investment, Genesia Ventures Elsha E. Kwee. Rizki Handayani explained that there were several things that were the main focus of the mentors, including assessing investment decks, financial modeling and financial valuation. These three things are important because startups with a solid business model have a greater chance of getting funding. "Investment readiness starts with improving and knowing strategies for dealing with investors, to obtaining investment. Investment readiness is one of the most important parts, in fact it is highly emphasized in this program," said Rizki. Director of Financing Access at the Ministry of Tourism and Creative Economy/Baparekraf, Anggara Hayun Anujuprana, added that the 2024 IndoBisa Bootcamp is also a space for the finalists to increase their network, increase the development of business ideas and open opportunities for collaboration between startups, as well as share experiences. "Through this bootcamp, it is hoped that the participants will be ready to meet venture capital," said Hayun. (SOURCE)

Nov, 12 2024

Jakarta-Bandung high-speed railway progresses by 79.9 percent: Jokowi

Jakarta (ANTARA) - Development of the Jakarta-Bandung high-speed railway project has reached 79.9-percent completion and is targeted to become operational by June 2023, according to President Joko Widodo (Jokowi)."So far, work on 79.9 percent of the Jakarta-Bandung high-speed train project has been completed. We expect to test it by the end of 2022 to be operated in June 2023,” Jokowi noted while inspecting tunnel 2 for the Jakarta-Bandung high-speed rail (KCJB) project in Purwakarta District, West Java, on Monday.Jokowi inspected the progress in construction of the KCJB along with Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan, Cabinet Secretary Pramono Anung, West Java Governor Ridwan Kamil, President Director of PT Kereta Cepat Indonesia China (KCIC) Dwiyana Slamet Riyadi, and other relevant officials.During his visit, Jokowi reviewed the technical problems encountered in tunnel 2 of the project."Based on information on the field, progress in the work at tunnel 2 is running slowly because of the type of soil in the area. Being here requires careful work," he emphasized.Jokowi is optimistic that the Jakarta-Bandung high-speed train would reduce traffic congestion in the two cities."We are optimistic that this project would reduce congestion both in Jakarta and in Bandung as well as accelerate the mobility of people and goods. We are optimistic that this would offer a good competitive advantage for our country," Jokowi remarked.The Jakarta-Bandung high-speed train will use the latest generation of CR400AF train cars. The project has a track length of 142.3 kilometers from Jakarta to Bandung.The train will stop at Halim, Karawang, Padalarang, and Tegalluar stations. Each station will be integrated with modes of mass transportation in each region.Of the total length of the high-speed rail lines, over 80 kilometers have elevated structures, while the rest are 13 tunnels and subgrades.Several temporary facilities, such as a batching plant and casting yard, were built at several critical points to expedite the construction process. The cost of building the rail for this high-speed train increased to US$1.9 billion, or around Rp26.7 trillion.According to the KCIC estimation, the project's cost overruns in engineering, procurement, and construction (EPC) reached some US$0.6 billion-1.6 billion; land acquisition, $0.3 billion; financing costs, $0.2 billion; headquarters and pre-operations, $0.2 billion; and other costs, $0.05 billion.Earlier, the initial cost structure of the Jakarta-Bandung high-speed rail project comprised $4.80 billion for EPC, $0.16 billion for HSR management and consultants, $0.80 billion for land acquisition, financing costs reaching $0.2 billion, while $0.03 billion for headquarters and pre-operations, and other costs reaching $0.01 billion.Meanwhile, the project funding structure totalling $6.07 billion came from the China Development Bank (CDB) loan of $4.55 billion and equity worth $1.52 billion comprising the equity of PT Pilar Sinergi BUMN Indonesia (PSBI) worth $0.91 billion and the Chinese consortium equity of $0.61 billion.As a result of this increase in budget, the government decided to intervene in the Jakarta-Bandung high-speed rail project by utilizing the State Budget (APBN).The government and Commission XI of the House of Representatives (DPR) have approved the addition of State Equity Participation (PMN) in 2021 and the 2022 allocation for PT KAI (Persero), with Rp4.3 trillion for the base quality requirements of the Jakarta-Bandung high-speed rail project. (SUMBER)

Jan, 19 2022

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

Bey Gives Some Notes on Investment Achievements in West Java

Bandung, IDN Times - Acting Governor of West Java, Bey Triadi Machmudin requested that the realization of investment must provide space for increasing the workforce, especially from graduates of Vocational High Schools (SMK). According to him, investment this year must involve many workers and local material resources. This needs to be done in order to provide a link and match with SMK in West Java. "So for example, human resources are already the highest from other provinces. There should be no reason for the investment to also be enjoyed by the people of West Java," said Bey, quoted on Wednesday (12/2/2025). 1. Raw Materials Must Also Utilize Local Goods In addition, other regional apparatus organizations must also be able to read this investment opportunity. For example, the Plantation Service, the Industry and Trade Service, must be directly involved so that targets can be achieved. "So all of them, the Education Service for example, the Plantation Service, invest in agriculture. Potato chips for example, should be from West Java. We have them all here," he said. 2. Investments Must Be Accompanied by High Labor Intake Meanwhile, Head of DPMPTSP Jabar Nining Yuliastiani admitted that the high realization of investment in West Java is not in line with the absorption of labor. Because, it is undeniable that the unemployment rate in West Java is quite high. "As I have said, high investment is certainly accompanied by the need for labor. However, the workforce needed must have qualifications according to industry needs," he explained. 3. Workforce Must Be Prepared Early So far, he said, many industries entering West Java are high-tech and capital-intensive industries. Therefore, preparation of the workforce must begin to be carried out in order to be able to balance the investment itself. "Therefore, we must prepare a workforce that is in accordance with these needs," he said. Nining hopes that the high investment entering West Java can be balanced with competent human resources. "We must adjust the education curriculum, especially in vocational schools and job training institutions, so that it is in line with the needs of the industrial world. With the link and match between education and industry, our workforce will be more easily absorbed," he said. Nining added that the job opportunities generated from investment are very promising. On average, he said, every IDR 1 trillion of investment that enters, can absorb around 1,500 workers. "This is a fairly large number. If we can maximize this opportunity, I am sure the unemployment rate in West Java will continue to decrease," he said. (SOURCE)

Mar, 20 2025

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