News - OJK Cirebon Encourages Students to Love Saving and Investment

OJK Cirebon Encourages Students to Love Saving and Investment

Aug, 14 2024

Growing awareness of saving and investing, the Cirebon Financial Services Authority (OJK) held an education for students and students in Ciayumajakuning at the peak of Indonesia Saving Day 2024.

The activity was held at the Cirebon Representative Office of Bank Indonesia (KPw BI), Monday, August 12, 2024.

This activity was attended by the Head of Bank Indonesia Cirebon Representative Anton Pitono, Head of the Indonesia Stock Exchange West Java Representative Office Achmad Dirgantara and Mandiri Sekuritas Cirebon Representative.

The participants were more than 200 students who are members of the Management and Members of the Indonesia Stock Exchange Investment Gallery (GI BEI), the Indonesia Stock Exchange Sharia Investment Gallery (GIS BEI), Generasi Baru Indonesia (GenBI), and the Indonesia Stock Exchange Education Investment Gallery (GIE BEI) in Ciayumajakuning.

Head of OJK Cirebon, Agus Muntholib said that the peak of Indonesia Saving Day (HIM) Year 2024 was held in conjunction with the National QRIS Week.

The theme taken was Ngobrol Investasi yang Cuan, Aman, dan Damai (ROTI CANAI).

Through this activity, OJK Cirebon together with all stakeholders continue to encourage increased financial literacy and inclusion, especially in the field of Capital Markets to groups of students and students to foster awareness of saving and investing for the future.

"OJK Cirebon continues to educate to improve financial literacy or understanding of the younger generation of the benefits and risks of financial products and services."

"So that they become capable consumers, feel the benefits of using financial products and services, and can use financial products and services to create added value," he said.

From January to mid-August 2024, OJK Cirebon has conducted 57 financial education activities in Ciayumajakuning with a total of 20,114 participants.

Financial inclusion in the form of opening Student Savings (SimPel) accounts for the Semester 2 period in 2024 amounted to 1,329,286 accounts with a nominal value of Rp294.54 billion.

Currently, the younger generation is faced with financial digitalization that moves exponentially with very open information flows.

For this reason, OJK will continue to educate the younger generation so that they are not easily trapped in schemes and various modes of illegal investment and online gambling.

"We are committed to continuing to eradicate illegal entities such as illegal online loans, online gambling, illegal investments, and other illegal entities through synergy and collaboration with members of the PASTI Task Force and the Online Gambling Eradication Task Force," he explained.

Meanwhile, Head of Bank Indonesia Cirebon Representative, Anton Pitono on the occasion said that synergy and collaboration like this is expected to increase financial literacy and inclusion in improving people's welfare and supporting regional economic growth.

"Bank Indonesia always supports inclusive finance, economy and digital finance, one of which is through the innovation of the QRIS digital payment system," he said.

SOURCE

Apindo Jabar to Dedi Mulyadi: Investment Security Can Prevent Layoffs

BANDUNG, KOMPAS.com – The West Java Indonesian Employers Association (Apindo) emphasized the importance of security for the business world as a major factor in maintaining the investment climate in West Java. Apindo West Java Chairperson, Ning Wahyu, assessed that the commitment of West Java Governor Dedi Mulyadi in eradicating thuggery and mass organizations that disrupt the business world can prevent potential layoffs (PHK) due to investors leaving. "Security in business will protect investment in West Java, which also means protecting employees to continue working and avoid potential layoffs (PHK), as well as protecting the community around the company that has a business as a multiplier effect from investment," said Ning in his release, Friday (28/2/2025). West Java Records Highest Unemployment Rate Ning revealed that West Java currently has 1.76 million unemployed, or around 23.7 percent of the total national unemployment. This figure makes West Java the province with the highest unemployment rate in Indonesia. He emphasized that security stability greatly influences the sustainability of investment and job availability. “Currently, West Java has 1.76 million unemployed or 23.7 percent of the national figure and is the highest in Indonesia. Therefore, it is important to ensure that no more workers are laid off due to investment leaving West Java. Efforts are needed to create more new jobs by improving the investment climate, one of which is through guarantees of business security,” he added. Dedi Mulyadi's Firmness Guarantees Business Security According to Ning, West Java needs a leader who is brave and firm in enforcing the law and creating a conducive business climate. He considered Governor Dedi Mulyadi as a figure who is committed to maintaining regional economic stability. "Since he took office, Kang Dedi has shown the firmness needed by the business world to ensure that investment in West Java can run smoothly without interference from irresponsible parties," he said. Dedi's concrete steps in preparing an action plan to eradicate thuggery are considered a strong commitment to creating a safer and more stable business environment for business actors. Ning hopes that with the firm policies of the regional government, West Java can become a more investor-friendly region. With increased investment, it is hoped that the number of layoffs can be reduced and new job opportunities will be more open to the community. [SOURCE]

Apr, 09 2025

West Java Financial Services Sector Stability Remains Maintained

TIMESINDONESIA, BANDUNG – Realization of Receivables from the Financing Institution sector in West Java province on August 31 2024 reached IDR 79.78 trillion or positive growth of 10.63 percent (yoy), with the Non-Performing Financing (NPF) ratio still maintained at level 3.06 percent. Based on type of use, financing receivables are dominated by Multipurpose financing at 62.45 percent, followed by Investment financing at 22.81 percent and Working Capital financing at 8.77 percent. Meanwhile, from the Pension Fund sector, as of July 2024, the investment value of pension funds in West Java Province was IDR 25.42 trillion, a decrease of IDR 1.17 trillion (-4.52 percent yoy) compared to July 2023 of IDR 25.83 trillion. When compared with December 2023, the realized investment value also decreased by IDR 0.95 trillion (-3.71 percent ytd). The same thing also happened to the value of Pension Fund Company Assets in West Java Province as of July 2024, where Pension Fund Company Assets reached IDR 25.52 trillion, a decrease of IDR 1.29 trillion (-4.84 percent yoy). "In the Fintech peer-to-peer lending (P2P) sector, as of July 2024, outstanding P2P company loans in West Java Province amounted to IDR 18 trillion, an increase of IDR 2.76 trillion (18.08 percent yoy) compared to July 2023 of IDR 15, 24 trillion. When compared to December 2023, outstanding P2P loans increased by IDR 1.41 trillion (8.51 percent ytd). The quality of P2P loans in West Java Province is reflected in the 90-day Default Rate ratio (TWP90) from 4.14 percent in "In July 2023 it will be 3.09 percent in July 2024. However, the TWP90 ratio is worse compared to the national level of 2.54 percent," said Imansyah, Head of the West Java OJK, Thursday (10/10/2024). Financial Literacy and Inclusion and Consumer Protection Program According to Imansyah, until September 30 2024, the West Java Province OJK Office has held a series of financial education activities in an effort to increase public financial literacy. There were 347 activities with a total number of educational participants of 102,642 people consisting of various segments including pupils, university students, Islamic boarding school students, employees and ASN, farmers, MSMEs and people with Social Welfare Problems (PMKS), namely the Street Artists Community, as well as special segments including others. People with Disabilities, the ojol community and the general public. He also explained that one form of service from the West Java Province OJK Office to consumers and the public is through the Financial Information Service System (SLIK) information service. As of September 30 2024, a total of 33,554 SLIK services have been provided to consumers and the public in the West Java region, consisting of 22,963 SLIK requests directly (walk-in) and 10,591 online SLIK requests. Imansyah provided information that in an effort to eradicate illegal financial activities, from January 1 to September 24 2024, OJK had received 12,733 complaints regarding illegal entities. Of this total, 12,021 complaints were regarding illegal online loans and 712 complaints were related to illegal investments. The number of illegal entities that have been stopped/blocked is 1,459 (Illegal Investments) from 2017 to September 2024. Next are Illegal Loans at 9,180 in the same year span, then illegal mortgages at 251. And the total that has been stopped is 10,890 from 2017 to September 2024. According to the Head of the West Java OJK, in order to enforce consumer protection provisions, the OJK has imposed sanctions through the Task Force for Eradicating Illegal Financial Activities (Satgas PASTI) in the period January to 23 September 2024 to find and stop 2,500 illegal online loan entities and 241 illegal investment offers in a number of sites and applications that have the potential to harm society. Furthermore, the PASTI Task Force has received information regarding 228 bank accounts or virtual accounts that were reported to be related to illegal financial activities. He also explained that in connection with this matter, the PASTI Task Force submitted a blocking request to the bank supervisory work unit at the OJK and then immediately ordered the relevant banks to carry out the blocking. Imansyah informed that apart from blocking bank accounts or virtual accounts, the PASTI Task Force also found contact numbers for debt collectors related to illegal online loans who were reported to have carried out threats, intimidation or other actions that were contrary to the provisions. Apart from that, due to these conditions, the PASTI Task Force has proposed blocking 995 contact numbers to the Ministry of Communication and Information of the Republic of Indonesia. "In terms of monitoring PUJK behavior (market conduct), the West Java Provincial OJK Office has enforced the provisions as regulated in POJK Number 22 of 2023 concerning Consumer and Public Protection in the Financial Services Sector, including by giving administrative sanctions to 25 (twenty five) PUJK, namely the existence of administrative sanctions in the form of fines and written warnings for late reporting; and administrative sanctions in the form of written orders regarding the results of direct/indirect supervision related to violations of consumer protection provisions, especially regarding the provision of information in advertising and product/service marketing procedures," said Imansyah. "The administration of administrative sanctions is carried out in the context of guidance so that PUJK always complies with provisions related to consumer and community protection. In the future, the West Java Provincial OJK Office will continue to pay close attention to the dynamics of the developing economy and improve its supervisory function for financial service institutions, as well as protection for consumers and community to ensure that the financial services sector's contribution to economic growth in West Java Province can continue to be maintained," concluded Imansyah closing the conversation. (SOURCE)

Oct, 11 2024

Reaching the 2024 Investment Target, West Java Will Optimize Supporting Infrastructure More

Bandung, Sonora.ID - The Provincial Government (Pemprov) is targeting the investment value in West Java (Jabar) in 2024 to increase compared to the investment value achieved in 2023. Daily Executive (Plh) West Java Regional Secretary (Sekda) Taufiq Budi Santoso, after opening the Bewara West Java (Beja) event at Gedung Sate, Tuesday (30/1/2024) said that the investment target in West Java in 2024 is IDR 250 trillion. "In 2023, the investment value in West Java will be IDR 210 trillion, this year the target is IDR 250 trillion," said Taufiq Budi to the media. "For this reason, we must optimize development in various infrastructure so that the target value of investment entering West Java is achieved," said Taufiq. Taufiq said that development of various infrastructure would be accelerated, such as the construction of waste processing facilities in Nambo, Lengok Nangka and Cirebon Raya. "Then there are also DJs from Bekasi, Karawang and Purwakarta," said Taufiq. Apart from that, said Taufiq, sustainable development is also carried out in the transportation sector. "Other developments that we are preparing include transportation facilities, such as railways. For Greater Bandung, we can confirm the funding, whether it will be blended finance between PPP and APBN and APBD funding sources, we are also preparing this," said Taufik. "Then also the supporting facilities for Kertajati Airport. We also have to optimize this. Hopefully this can become an outlet and inlet using flights or air transportation," explained Taufiq. "We are also optimizing Patimban Port for sea transportation, and hopefully this will become an outlet and inlet for West Java," he added. Taufiq also said that West Java Province, with an investment target of IDR 250 trillion this year, must also be encouraged with various supporting facilities so that this target can be achieved. Meanwhile, Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, said that West Java has always been an investment champion. Where for 5 consecutive years the investment target can be achieved. "In 2023 alone, investment in West Java will reach 210 trillion. This number will increase by 112 percent compared to 2022," said Nining. Nining said, one of the efforts made by the West Java Provincial Government to achieve investment targets was to provide easy licensing services for investment. Nining also said that in West Java there are four things that are the focus for increasing investment, namely infrastructure for tourism, downstream and renewable energy, and technology-based investment. "There are four things that are the focus of development to support this investment achievement, namely tourism infrastructure development, downstreaming, renewable energy and technology-based ones, because there is also a lot of capital-intensive industrial investment entering West Java," said Nining. Nining also said that the investment sector in West Java is still in the metal industry, transportation, energy, processed food and beverages and housing. "So far investment in West Java is quite evenly distributed, both in the Central, North, South and East regions," he concluded. (SOURCE)

Jan, 31 2024

Bogor City Will Soon Have a Regional Regulation Providing Incentives and Ease of Investment

INILAHKORAN, Bogor - The Bogor City DPRD together with the Bogor City Government have adopted a Draft Regional Regulation (Raperda) concerning Providing Incentives and Ease of Investment to become a (Regional Regulation). Spokesperson for the Regional Regulation Formation Agency (Bapemperda) of the Bogor City DPRD, Eka Wardhana, said that the Draft Regional Regulation on Providing Incentives and Ease of Investment had received facilitation from the Regional Secretariat of West Java Province and made improvements in terms of consideration, weighing, legal basis and body in accordance with the latest statutory provisions. "This draft regional regulation is intended to create legal certainty and as a guideline in providing incentives and ease of investment to increase investment and equitable development in the region. We hope that with this draft regional regulation, economic growth in the city of Bogor can increase accompanied by the creation of new jobs," said Eka to journalists on Thursday 10 October 2024. Meanwhile, the Chairman of the Bogor City DPRD, Adityawarman Adil, took the decision to enact the Draft Regional Regulation on Providing Incentives and Ease of Investment into a Regional Regulation based on the approval of all members of the Bogor City DPRD. "We ask the Bogor City Government to immediately formalize and prepare a Perwali as a technical guideline for implementing the Regional Regulation," he explained. Separately, Acting Mayor of Bogor Hery Antasari expressed his thanks to the leadership and members of the DPRD who had discussed and approved the Draft Regional Regulation on Providing Incentives and Ease of Investment. Hery continued, it is hoped that the presence of this Regional Regulation will provide legal certainty and serve as a guideline in providing incentives and ease of investment in the Bogor City area and that the regional government can prioritize the provision of incentives and/or the provision of ease of investment for certain types of business or certain activities, such as micro businesses and cooperatives. . "This draft regional regulation is expected to create attraction or stimulate more investors to invest in the city of Bogor in order to create a competitive investment climate, increase access and economic capabilities," he concluded. (SOURCE)

Oct, 10 2024

KemenKopUKM Encourages Expansion of Access to Capital for Producer Cooperatives

The Ministry of Cooperatives and SMEs encourages the expansion of access to capital for producer cooperatives, including the Gunung Luhur Berkah (GLB) Producer Cooperative in Subang, West Java, which manages the coffee business. Secretary of the Ministry of Cooperatives and SMEs, Arif Rahman, during a visit to GLB Producer Cooperative in Cisalak Village, Subang Regency, West Java, Sunday (4/8/2024), said that producer cooperatives are very important to get expanded access to capital in order to increase their business scale. Moreover, cooperatives that manage coffee commodities, Arif said, have tremendous potential to continue to be developed because they have guaranteed market certainty at home and abroad. Therefore, partnering with GLB Producer Cooperatives is a symbiotic mutualism. GLB Producer Cooperative is a national primary cooperative that focuses on Arabica and Robusta coffee cultivation, which has successfully exported coffee directly to several countries (without intermediaries) such as Saudi Arabia, Egypt, Lebanon and the United States. The cooperative was established in 2016 and has around 800 members with a total of 1200 hectares of coffee land and 300 hectares of rice fields. Unfortunately, the cooperative has experienced capital constraints. "This is a very potential cooperative, which even has a warehouse managed by warehouse receipt, but there are obstacles to capital even though the market demand is large," Arif said in his official statement, Sunday (4/8/2024). Arif explained that the GLB Producer Cooperative currently not only manages its own plantations from its members but also as an aggregator in plantations in West Java which have an area of around 200 hectares. "In the future, we will add another 50 hectares, so today we invite investors to be involved in building partnerships with the GLB Producer Cooperative," Arif said. Arif said that everyone has the opportunity to partner with the GLB Producer Cooperative. "Everyone can be an investor," he said. On the same occasion, Chairman of the Dharma Bhakti Astra Foundation (YDBA), Rahmat Samulo welcomed the initiative of the Ministry of Cooperatives and SMEs (KemenKopUKM). "I personally see this as very prospective for investment and also empowering the community here to be more advanced because the commodities exist, the market also exists," Rahmat said. In the same place, Chairman of the GLB Producer Cooperative Miftahudin Shaf appreciated the various policies and support from KemenKopUKM for the development of cooperatives in running businesses, especially for the Gunung Luhur Berkah Producer Cooperative. "Alhamdulillah, this is very good for the prospects of our members, especially to overcome our current obstacles related to capital for additional plantations in order to achieve the target of one person (farmer) controlling at least 3 hectares so that it enters the economic scale," said Miftah. The calculation, with an investment of Rp65 million per hectare, includes the cost of seeds, planting, maintenance, and harvesting. "It will produce when it enters the age of 2 years, and in the third year the capital can be returned," said Miftahudin. Entering the third year, said Miftahudin, it will have entered the profit revenue sharing stage of 30:70 for investors. "Every year, the price of coffee always increases, never decreases," said Miftahudin. Moreover, said Miftahudin, the GLB Producer Cooperative already has offtaker partners in Egypt (Alpostan Company), Saudi Arabia (Al-Sahabh Trading Company and Abdul Wahid Trading Co), Lebanon (Arc Build/Ghaleb K Faour), and Indonesia (PT Perusahaan Perdagangan Indonesia, PT Sulotco Jaya Abadi, and Mayora). SOURCE

Aug, 05 2024

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