News - Minister of Investment: Investment Value in KITB Reaches IDR 14 Trillion

Minister of Investment: Investment Value in KITB Reaches IDR 14 Trillion

Oct, 01 2024

Batang (ANTARA) - Minister of Investment/Head of BKPM Bahlil Lahadalia said that currently the realized investment value of 18 companies in the Batang Integrated Industrial Zone (KITB), Central Java, has reached around IDR 14 trillion.

"Of the 18 companies that have entered, they have absorbed 19 thousand workers," he said when delivering his speech at the Operational Inauguration of the Batang Integrated Industrial Zone, Friday.

According to him, his party targets that within the next 10 years, the Batang Integrated Industrial Zone will be able to absorb 250 thousand workers.

In the near future or September 2024, he said, there will also be a South Korean company, namely LG, which will build a cathode factory as an electric vehicle (EV) battery ecosystem.

"Because the feasibility study will be completed in August 2024. And the cathode will be built here," he said.

Bahlil said that the presence of cathode construction would be an integration of upstream and downstream development of the EV battery ecosystem.

"There will be a precursor smelter for developing battery cells in North Maluku. Then, there will also be battery cells in Karawang, West Java," he said.

Apart from that, there will be a combination of high technology at KIT Batang as well as labor-intensive MSME industries such as shoes and footwear.

"God willing, it will continue to run well. And we only report one, only one of our ports is missing, so Pelindo has tendered the port but only the breakwater and the channel," he said.

(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

Perumda Tirta Rangga Subang Aims for the Title of The Best Project Investment Challenge 2024

SUBANG, TINTAHIJAU.COM - After successfully entering the top 5 Best Project Investment Challenge 2024, Perumda Tirta Rangga Subang is now aiming for the title of The Best Project Investment Challenge 2024. To get to the best title, the Bank Indonesia Team and West Java DPMPTSP conducted an investment challenge 2024 field visit to Subang Regency. The team's first visit was to the Perumda Office on Jl. Darmodihardjo, Subang. Deputy Director of Bank Indonesia West Java, M. S Santoso revealed that the project at Perumda is one of the triggers for a bigger trigger because Subang Regency is the best contributor to investment in West Java. “Related to that, we from BI held an Investment Challenge activity, where each district in Jabr submitted its best investment, and one of them is Subang which has entered the top 5, later it will be contested into the top two,” said Santoso. The top five Project Investment Challenge 2024 is a collaboration between Bank Indonesia and DPMPTSP, Patimban SPAM Project in Subang, Jatiluhur SPAM Project in Purwakarta, rice to rice processing project in Sukabumi, integrated chicken industry project in Ciamis, and tourism development project in Situbagendit in Garut Regency. By holding the title of The Best Project Investment Challenge 2024, Perumda can prioritize the handling of proposal preparation, including facilities in terms of promotion, so it is very easy to offer to investors. “With a lot of investment coming in, this is one of the drivers of the economy, because with investment, it will move sectors, there will be a food and beverage accommodation sector, the trade sector will come in,” said Santoso. Director of Perumda Tirta Rangga Subang, Lukmanul Hakim emphasized that the visit of the Bank Indonesia Team and West Java DPMPTSP sparked optimism that Perumda could enter the top two in the 2024 Project Investment Challenge. “Because this Patimban project is supporting the national strategic project, so clean water is a vital need, and in this Port area there is Industry, and this Perumda is the only clean water operator to Patimban and to the industrial area,” said Lukman. Lukman emphasized that this project is the entrance for investors to Subang Regency, especially to Perumda Tirta Rangga Subang. Lukman emphasized that Perumda itself now needs a lot of tools to handle clean water supply problems. “Because in addition to Patimban, we will offer a lot, we need technology to deal with turbidity, leakage problems and digital clean water, we cannot be alone because there are 6 industrial areas that certainly need clean water,” he explained. SOURCE

Aug, 23 2024

West Java DPMPTSP Selects Potential Investors Through Investment Challenge

The Department of Investment and One Stop Integrated Services (DPMPTSP) together with Bank Indonesia are collaborating to encourage economic growth in West Java through the investment side. In 2024, DPMPTSP and BI in the Regional Investor Relations Unit (RIRU), collaborate to organize an Investment Challenge. The Investment Challenge is an innovation from both of them in the form of holding a competition as part of an effort to increase the number of Investment Projects Ready to Offer in West Java. In this first event, the competition focused on exploring the potential of districts/cities throughout West Java. The series of activities include capacity building, preparing a business model canvas, preparing a pitch deck and pitch presentation. Head of DPMPTSP Nining Yuliastiani said that all Investment Challenge events will produce 2 (two) superior investment projects from Regencies/Cities which will have the opportunity to receive assistance facilities for preparing Feasibility Studies and Business Cases. Furthermore, this facility also has the potential to continue to provide opportunities to participate in investment promotion activities with potential foreign investors, as well as assistance in carrying out business matching. In this Investment Challenge there are 3 selection stages, namely the top 10 best Business Model Canvas (BMC), the 5 best BMC and finally the 2 best BMC will be produced. The Investment Challenge event, Investment Roadshow is part of a series of road to West Java Investment Summit (WJIS) 2024 as a form of innovation and sustainable efforts from RIRU BI West Java together with the West Java Provincial Government to encourage the realization of West Java investment thematically to support sustainable economic growth. "We have carried out the 2024 Investment Challenge together with the West Java Provincial Government starting in early 2024 with the number of participants / curated investment projects reaching 26 investment projects," said Kpw BI West Java Muhamad Nur. WJIS 2024 will be held in September or October 2024 with the theme "Unlock West Java Potential." (rep guh) (Source)

Jun, 26 2024

Coming Soon to West Java, This Toll Road Has an Investment Value of IDR 4 Trillion, and is a Continuation of the Bocimi Toll Road

LENGKONG, AYOBANDUNG.COM — West Java will soon have a new toll road that is planned to be included in the 2025 budget. The toll road that will soon be present in West Java will later become the Bocimi or Bogor-Sukabumi Toll Road project. This toll road in West Java has an investment value of IDR 4 trillion. The toll road that will soon be built in West Java connects Ciranjang-Padalarang. This toll road is 24 km long and has a number of lanes of 4 lanes x 2 directions (initial stage) 6 lanes x 2 directions (final stage). In addition, this toll road is also built with Lane width: 3.6 meters Outer shoulder width: 3 meters Inner shoulder width: 1.5 meters Median width: 3.8 meters. This toll road also has an investment value of IDR 4 trillion with functions other than connecting Ciranjang-Padalarang and connecting to the Bocimi 1 and 2 toll roads. This toll road is also connected to the West-East Sukabumi and Cianjur-Bandung toll roads, which are also often called BoSuCiBa: Bogor-Sukabumi-Cianjur-Bandung. Later, this toll road will be built through the Padaleunyi Toll exiting network. The construction of this 24 km toll road will begin in 2025 and is targeted to be completed in 2029. The scheme for the construction of this toll road is government and business entity cooperation (KPBU) funding. Currently, the progress of the construction of the Ciranjang-Padalarang Toll Road has reached the land acquisition stage. The presence of this toll road is also expected to improve the community's economy and reduce congestion in the Padalarang, Citatah, and Cipatat areas.*** (SOURCE)

Mar, 20 2025

Bappeda selects potential investors for the second phase of TPPAS Lulut Nambo construction

Bandung (ANTARA) - The West Java Regional Development Planning Agency (Bappeda) is still selecting potential investors to start construction of phase two of the Lulut Nambo Regional Waste Disposal and Final Processing Site (TPPAS), Bogor Regency, while waiting for phase one to operate. "In this second phase, West Java Clean Lestari (JBL) is currently selecting investment partners, so that if we get an investment partner, we will then enter (start construction) in phase two," said Head of West Java Bappeda Iendra Sofyan at Gedung Sate Bandung, Tuesday. Regarding the funds needed for the construction of the second phase of the Lulut Nambo Regional TPPAS, Iendra admitted that he could not provide information even though an assessment had been carried out that the funds needed were around IDR 400 billion. "Previously, it might have been that (the value), only now with inflation figures everything has started to change," he said. For phase one itself, Iendra said that currently the equipment has been installed and trials are being carried out with a capacity of 50 tons per day. The experiment is carried out two days a week and each week will increase to three days, five days, until one full week to be fully operational. "If he can carry out the process for one week, it will be declared that the tool will work well. The target is that in the next three weeks the trial will be completed, after that it will operate according to management targets," he said. For phase one, Iendra said the target is to be able to manage waste with a capacity of 100 tons per day, while if all these facilities are completed, it is projected to be able to manage as much as 2,300 tons of waste per day from Bogor City, Bogor Regency, Depok City and South Tangerang City. "For the time being (phase one) we are prioritizing Depok, where the TPA is starting to run out," he said. The Lulut Nambo Regional TPPAS, added Iendra, will use advanced technology which will divide and sort waste into three parts, namely compost, biomass and material waste in the form of RDF (refuse derifed fuel). This RDF waste will be taken by PT Indocement as the offtaker. "So the system is different from Sarimukti, for example, which is landfilled. But it is separated into several parts, some for making fertilizer, up to those that will be purchased by Indocement," he said. The West Java Provincial Government is targeting phase one of the Lulut Nambo Regional Waste Disposal and Final Processing Site (TPPAS) in Klapanunggal District, Bogor Regency, to be operational in March 2024. When completely completed, this TPPAS will have an area of 55 hectares and will be able to accommodate 1,800-2,300 tons of waste per day. (SOURCE)

Feb, 23 2024

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