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Provident Investasi Bersama (PALM) Ready to Repay Bond Principal and Interest

Mar, 03 2026

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KONTAN.CO.ID – JAKARTA. PT Provident Investasi Bersama Tbk (PALM) has reported that it is prepared with sufficient funds to repay both the principal and interest of its bonds.

 

According to an information disclosure dated March 2, 2026, PALM stated that it has allocated funds for the repayment of principal and the twelfth interest payment of its Sustainable Bond I Provident Investasi Bersama Phase I Year 2023 Series B.

 

The bond, which carries a fixed interest rate of 8.50% per annum, will mature on March 28, 2026.

 

PALM Corporate Secretary Lim Na Lie said the funds will be transferred to PT Kustodian Sentral Efek Indonesia (KSEI) before March 28, 2026.

 

“The information disclosed above does not have any impact on the company’s operational activities, legal standing, financial condition, or business continuity,” she wrote in the disclosure.

 

For reference, Sustainable Bond I Provident Investasi Bersama Phase I Year 2023 has a total nominal value of Rp750 billion and consists of two series.

 

First, Sustainable Bond I Provident Investasi Bersama Phase I Year 2023 Series A (PALM01ACN1), with a nominal value of Rp268 billion, carries a fixed interest rate of 6.75% per annum and has a tenor of 370 calendar days.

 

Second, Sustainable Bond I Provident Investasi Bersama Phase I Year 2023 Series B (PALM01BCN1), with a nominal value of Rp482 billion, carries a fixed interest rate of 8.50% per annum and has a tenor of three years.

 

The bond has received a rating of idA (single A) from PT Pemeringkat Efek Indonesia (Pefindo).

 

Acting as trustee for the bond issuance is PT Bank Rakyat Indonesia (Persero) Tbk (BBRI).

 
[Source]

Other News

Realization of Investment in West Java in the Third Quarter of 2023 Soars 19.4%

Bisnis.com, BANDUNG-- Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, said that West Java is ready to maintain its position as the province with the highest investment realization in Indonesia next year.   "We continue to build closer communication, offering various investment potentials and sustainable project opportunities. "So, the attractiveness of every project in West Java can be seen and even attracted by investors," he explained, quoted on Wednesday (8/11/2023).   Nining noted that investment realization in West Java up to the third quarter of 2023 had reached 81.5% of the target set by the Indonesian Ministry of Investment/BKPM of IDR 188.03 trillion.   According to him, from July to September, West Java investment realization reached IDR 49.5 trillion. Cumulatively from January to September 2023, it reaches IDR 153.2 trillion. "Which means that 81.5% of the investment target imposed on West Java of IDR 188.03 trillion has been achieved," said Nining.   Nining said that investment realization up to the third quarter of 2023 amounted to IDR 153.2 trillion, up to 19.4% higher than in 2022 in the same period which reached IDR 128.3 trillion.   With Kertajati fully operational, he is optimistic that West Java will become increasingly sexy in the eyes of investors. According to him, for investors, one of the most important reasons to invest capital is good connectivity.   "In West Java, there are the most toll road routes, then supported by accessibility which has quite high stability, basic infrastructure for providing energy, (availability of) raw materials and water, West Java is also one of the locations with the most choices," he concluded.   (SOURCE)

Nov, 20 2023

Coordinating Minister Luhut to Lead a Follow-up Meeting on TPPAS Legoknangka Groundbreaking

BANDUNG - The West Java Provincial Government continues to rush to realize the groundbreaking of TPPAS Legoknangka, Bandung Regency.   After the cooperation agreement with PT Jabar Enviromental Solutions (JES) in the management of TPPAS Regional Legoknangka last May, the Provincial Government together with the Coordinating Ministry for Maritime Affairs and Investment began discussing technical steps.   Pj Jabar Governor Bey Machmudin said there will be a meeting with Coordinating Minister for Marvest Luhut Binsar Pandjaitan regarding Legoknangka.   "It will be discussed, tomorrow [Saturday] Mr. Luhut is here. I will discuss how," he said at Gedung Sate, Bandung, Tuesday (6/8/2024).   This meeting also dismissed the news that President Jokowi would carry out Legoknangka groundbreaking in the near future. According to him, the construction of Legoknangka must be mature so that after the groundbreaking it does not stall.   "Because groundbreaking according to our understanding, there is already direct development. Don't let the construction stop just because there is a president that day," he said.   "So we discussed it with Mr. Luhut first, Saturday we will come here," he said.   Previously, Bey Machmudin said the provincial government as the Person in Charge of the Cooperation Project (PJPK) was committed to managing regional waste in the Bandung Basin by accelerating the operation of the Legoknangka Regional TPPAS.   The signing of the agreement with PT JES marks an important milestone in that commitment. Under the agreement, PT JES is obliged to maintain a debt-to-equity ratio of at least 80:20.   The agreement also stipulates a concession period of 20 years as of the Commercial Operation Date (COD), which is expected to begin in February 2029.   Included in the signed cooperation, the fulfillment of transaction documents in December 2024 and commissioning tests scheduled for August 2028. The agreement with PT JES will be complemented by a commitment with PT Penjaminan Infrastruktur Indonesia.   "The Legoknangka Regional TPPAS project is proof of our commitment to a greener and cleaner West Java. This collaboration will pave the way for advanced waste management and sustainable development in Greater Bandung," he said.   The Legoknangka Regional TPPAS will be built on 20 hectares of land in Nagreg District, Bandung Regency. TPPAS Legoknangka will accommodate waste in Greater Bandung, namely Bandung City, Bandung Regency, West Bandung Regency, Cimahi City, plus Sumedang Regency.   TPPAS Regional Legoknangka is designed to process waste utilizing advanced technology to be converted into electrical energy. TPPAS Regional Legoknangka will focus on waste acceptance ratios, environmental preservation targets, and efficient waste processing cycles.   The Legoknangka Regional TPPAS is expected to significantly reduce the environmental impact of waste in the Bandung Basin while providing reliable electrical energy.   However, reduction efforts at the household level still need to be carried out by the community with support from district and city governments. The population of the Greater Bandung metropolitan area continues to increase and is directly proportional to the increase in waste volume. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan hopes that the infrastructure work of the Legoknangka Regional TPPAS project can be accelerated while still observing good results so that it can have a positive impact on the environment.   "I hope the completion of the infrastructure can run smoothly with good results because it is very important (indirectly) for the cleanliness of the Citarum River water," he said.   SOURCE

Aug, 07 2024

WEST JAVA ENERGY FORUM 2024, Bey Machmudin: West Java Pioneer in Sustainable Use of EBT

PORTALJABAR, KOTA BANDUNG - Acting Governor of West Java Bey Machmudin hopes that the implementation of the 2024 West Java Energy Forum (WJEF) can make West Java province a pioneer in presenting new renewable energy (EBT) innovations that are environmentally friendly and sustainable.   This was stated by Bey Machmudin when opening the WJEF 2024 event at the Pullman Hotel, Bandung City, Thursday (21/11/2024).   Bey revealed that in the forum the West Java Provincial Government is committed to aligning green development to support Golden Indonesia 2045 and collaborating with cross-stakeholders, regional, central and global.   "We are also preparing potential green projects that meet technical and administrative readiness criteria, so that we can accelerate the implementation of the energy transition in West Java," said Bey Machmudin.   With NRE potential reaching 192 GW, consisting of wind, water, geothermal, solar, biomass or biogas energy, according to Bey, West Java has a great opportunity to become a pioneer of the energy transition in Indonesia.   "We hope that West Java will be a pioneer in this energy situation because we have the potential and it should be the biggest potential in the next few years," said Bey.   As a concrete step in developing EBT, WJES 2024 provides assistance to seven SMA/SMK for the construction of rooftop solar power plants (PLTS). Bey stated that the aim of rooftop PLTS is to reduce the burden on school operational costs.   "Only seven schools, the potential is very good, they themselves said earlier that reducing operational costs, including paying for electricity and so on, also increases and definitely increases students' knowledge that can really be used and reduces operational costs," explained Bey.   It is also hoped that rooftop solar PV at schools will attract investors to invest in West Java with the aim of building a friendly and sustainable environment in the future.   "Of course, with this rooftop PLTS, we hope that there will be companies who will contribute to CSR. This is very good, it can reduce pollution," stressed Bey.   Meanwhile, West Java DPRD Chairman Buky Wibawa welcomed the implementation of rooftop PLTS which will be implemented in seven schools. The DPRD supports it in terms of policy and supervision, because it is hoped that West Java will become a pioneer province in the EBT sector   "The DPRD welcomes the EBT program, and we need to support it in terms of budget policy and monitoring later," he said.   The amount of costs that must be incurred in building rooftop PLTS at SMK/SMA starts from IDR 700 million to IDR 1 billion.   The following are seven schools that received assistance for rooftop PLTSA: 1. SMAN 1 Cianjur2. SMKN 2 Bogor3. SMKN 1 Purwakarta4. SMKN 1 Cimahi5. SMKN 1 Garut6. SMKN 2 Tasikmalaya7. SMKN 1 Cirebon (SOURCE)

Nov, 28 2024

Rebana investment rises 57 percent, becoming a new economic magnet for West Java

The Rebana Metropolitan Area has strengthened its position as a new investment primadonna in West Java after recording a surge in capital realization of up to 57.67 percent throughout 2025 with a value reaching Rp33.67 trillion.   This impressive achievement places the northern corridor of West Java (Subang, Indramayu, Cirebon, Majalengka, Kuningan, Sumedang) as a new engine of economic growth that contributes 11.3 percent to the total national investment through West Java.   "Rebana is the most strategic area. Integrated with the Cisumdawu Toll Road, Cipali Toll Road, access to Patimban Port, and supported by Kertajati Airport. Hopefully many will build industries there," said Dedi Mulyadi at Gedung Sate Bandung, Thursday.   Dedi assessed that the integration of world-class infrastructure in the Rebana area has now become the main magnet for global investors to invest their capital.   In line with him, the Executive Chairman of the Rebana Management Agency (BP Rebana), Helmy Yahya, revealed that the attractiveness of this area has attracted investors from various countries. Hong Kong leads the investment commitment with Rp8.97 trillion, followed by Vietnam (Rp2.96 trillion), South Korea (Rp1.46 trillion), China (Rp1.41 trillion), and Singapore (Rp1.22 trillion).   "I ask for the support of the people of West Java because this is a heavy task. Our potential is extraordinary, but unemployment and poverty are still high. Hopefully the Rebana project can absorb labor and improve the economy," said Helmy after signing an agreement with investors from Zhejiang, China.   Macro data shows that the impact of development in this area is starting to be felt. In the third quarter of 2025, economic growth in the Rebana area was recorded at 5.53 percent, a figure above the average economic growth of West Java and the national level.   It was informed that the West Java Provincial Government (Pemprov) targets that by 2030, this area will be able to trigger economic growth of up to 7.44 percent and create jobs for at least 1.78 million people.   Entering 2026, the West Java Provincial Government will focus policies on accelerating investment and speeding up supporting infrastructure to ensure Rebana becomes the main pillar of Indonesia's economic leap in the future.   [Source]

Mar, 10 2026

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

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