News - PT SMI Targets Rp300 Billion Through Infrastructure Retail Bonds (ORIS)

PT SMI Targets Rp300 Billion Through Infrastructure Retail Bonds (ORIS)

Mar, 13 2026

PT Sarana Multi Infrastruktur (Persero) (PT SMI) introduced the PT SMI Infrastructure Retail Bonds (ORIS) to the public in West Java as part of its effort to expand retail investor participation in financing sustainable infrastructure development in Indonesia.

The socialization event was attended by Niko F. Simatupang, Team Leader of the Finance and Investor Relations Division of PT SMI, along with representatives from the Joint Lead Underwriter, including Edwin Sukri, Head of Investment Banking Capital Market at PT BRI Danareksa Sekuritas.

This activity is part of the ORIS launch series following its official introduction in Jakarta on March 9, 2026.

Through ORIS, PT SMI offers an investment instrument that not only provides potential financial returns for investors but also enables the public to contribute directly to national infrastructure development.

PT SMI’s Director of Risk Management, Pradana Murti, explained that funds raised through ORIS will be allocated to infrastructure projects that have undergone strict risk assessment processes.

These assessments include financial feasibility, environmental and social impacts, and long-term sustainability considerations.

“We want to ensure that retail investors participating in ORIS receive an instrument with a measurable risk profile while also having confidence that their investment is managed accountably and creates real impact,” he said.

The ORIS issuance is part of the Sustainable Bond Public Offering I of PT SMI Phase II 2026, with an indicative issuance target of up to Rp300 billion. The issuance emphasizes strong prudence and corporate governance principles.

As a Development Financial Institution (DFI), PT SMI designs every financial instrument it issues with a comprehensive risk management framework.

As a State-Owned Enterprise (SOE) under the Ministry of Finance of the Republic of Indonesia, PT SMI has a mandate to accelerate sustainable development through innovative financing schemes.

Since its establishment in 2009, PT SMI has actively financed strategic projects in sectors such as transportation, renewable energy, healthcare facilities, and water supply.

The company also sees West Java as having strong potential to strengthen the domestic retail investor base, supported by the region’s growing investment literacy.

People in West Java are considered not only active in entrepreneurship but also increasingly active in investment activities.

PT SMI’s Director of Operations and Finance, Aradita Priyanti, stated that ORIS is designed to be an investment instrument that is both financially rational and socially meaningful.

“When people participate through ORIS, a sense of ownership in national development grows, which can strengthen investment literacy and maturity in Indonesia,” she said.

According to data from the Ministry of Investment/BKPM, West Java recorded Rp296.8 trillion in realized investment in 2025, making it the province with the highest investment realization in Indonesia.

This growth in investment has contributed to regional economic activity, including the development of industries, small and medium enterprises, and more equitable regional development.

The improving investment climate—while maintaining a balance between development and environmental sustainability—is aligned with the spirit of ORIS.

Through ORIS, the public is expected to participate in financing sustainable infrastructure projects while also gaining investment benefits that contribute to economic growth and social welfare.

Funds raised through ORIS will be allocated to projects that comply with the PT SMI Sustainable Funding Framework.

ORIS offers two investment tenors:

1 year (370 calendar days) with a 5.60% annual coupon
3 years with a 6.05% annual coupon

he minimum subscription amount is Rp5 million, with additional subscriptions in increments of Rp1 million.

For this public offering, PT SMI collaborates with several Joint Lead Underwriters, including:

PT BRI Danareksa Sekuritas
PT DBS Vickers Sekuritas Indonesia
PT Indo Premier Sekuritas
PT Trimegah Sekuritas Indonesia Tbk

[Source]

Encouraging Investment and New Economy, Bank Indonesia is Optimistic that West Java's Economic Growth is According to Target

TIMES JABAR, BANDUNG – Bank Indonesia (BI) is optimistic that West Java's economic growth will still meet the target in the range of 4.6% to 5.4% in 2024. Global geopolitical challenges and declining purchasing power are the main concerns by encouraging the investment, export and digitalization. Deputy Head of the West Java Bank Indonesia Representative Office, Muslimin Anwar, said that West Java's economic growth in the second quarter of 2024 was recorded at 4.95% (year on year/yoy), higher than the previous quarter which grew at 4.93% (yoy). . This growth was driven by increased domestic consumption, improved export activity and increased investment. Sectors that contribute greatly to economic growth include the agricultural sector, processing industry, transportation, warehousing and trade. "West Java's economy is expected to continue to grow positively in the range of 4.6% to 5.4%, driven by strong domestic demand, increased community mobility, and infrastructure support that continues to develop," said Anwar at the Road to West Java Discussion event Journalist Competition (WJJC) 2024 is the result of collaboration between Bank Indonesia West Java and the Bandung Journalists Discussion Forum (FDWB) in Bandung, Saturday (5/10/2024). However, Anwar explained, there are several challenges that must be anticipated, including global uncertainty which has an impact on export demand, as well as potential disruption in the agricultural sector due to the El Nino phenomenon. However, he continued, BI is optimistic that the policies implemented, such as industrial downstreaming and accelerated digitalization, will have a positive impact on the economy of West Java. One positive indicator of the West Java economy is controlled inflation. Until September 2024, West Java recorded inflation of 2.09% (yoy). West Java's annual inflation target of 2.5% is still on track. "Bank Indonesia will continue to strengthen synergies with various parties to maintain economic stability and support sustainable growth in West Java, one of which is maximizing the role of the TPID (regional inflation control team)," he said. From the investment sector, Anwar revealed that West Java investment realization in the second quarter of 2024 reached IDR 63.7 trillion. This achievement makes West Java the province with the highest investment realization in Indonesia. The processing industry, information communications and real estate sectors are the sectors most in demand by investors, with Japan, South Korea and Singapore as the main investor countries. Anwar explained that digitalization and infrastructure are also the keys to encouraging West Java's economy to continue to grow and develop. "Digitalization has created great opportunities for economic growth. Currently, West Java has the most QRIS users nationally, which shows that digital transformation is underway," he said. In August 2024, there will be more than 11 million QRIS users in West Java. Meanwhile, the number of registered merchants reached 7.3 million, the majority of which came from micro businesses. He added that digitalization of payments not only encourages transaction efficiency, but also empowers micro and small businesses. In line with digitalization, BI West Java also emphasizes the importance of infrastructure development to support sustainable economic growth. Infrastructure such as toll roads and connectivity in the north and south of West Java, especially the Cisumdawu and Bocimi toll roads, make a significant contribution to increasing community mobility and distribution of goods. "This infrastructure project will continue to be pushed so that it can have maximum impact on the regional economy," said Anwar. The political year 2024, said Anwar, will also encourage an increase in domestic consumption driven by political activities. It is hoped that the momentum of the election will be able to support people's purchasing power, as well as strengthen the optimism of business actors after the election. "New economic development in the tourism, agricultural and other sectors is one way to face future global challenges," he concluded. Needs Synergy Between Parties Meanwhile, academic from the Faculty of Economics and Business (FEB) at Padjadjaran University (Unpad) Ari Tjahajawandita said that synergy between parties is one of the keys so that the West Java economy can continue to grow to face various challenges in the future. Ari proposed that the government can encourage and stabilize the economic sector which is already growing. Second, the government must improve the economic sector which is currently sluggish. "So what came down was to boost West Java's economic growth," said Ari. Even though West Java's economic condition is quite good, Ari believes that the government must put itself in a pessimistic position as an anticipatory step if it does not meet the target. "If we are optimistic, the fear is that we want to improve but it turns out the achievements are low," he said. Therefore, the government must be able to increase household consumption through government spending and investment. "If we want to encourage consumption, of course it must be supported by purchasing power. So the key is that purchasing power must be encouraged. There is also government spending, company investment and exports," he said. (SOURCE)

Oct, 09 2024

West Java Recorded Investment of IDR 63.66 in January-June 2024, Most of It Goes to Bekasi, Bogor, and Bandung

West Java Province again achieved the top position in Indonesia in investment realization in the second quarter of 2024. The total investment value of foreign investment (PMA) and domestic investment (PMDN) in West Java reached Rp 63.66 trillion. According to the Head of West Java DPMPTSP, Nining Yuliastiani, the total investment of Rp63,669,605,226,118 has created jobs for 99,687 people. "The figure comes from 38,110 LKPM projects during the second quarter of 2024," she said in Bandung, Monday (12/8/2024). There were five regions in West Java that became the largest labor absorbers in the second quarter of 2024, or the April-June 2024 period. Bekasi Regency took the lead with 15,622 workers, followed by Bogor Regency with 10,967 workers. "Then there is Bandung Regency with 9,397 workers absorbed, Subang with 8,515 people, and Bekasi City with 7,602 people," Nining added. Nining also reported that PMA and PMDN investment realization in the second quarter of 2024 reached Rp63,669,605,226,118, an increase of Rp10,004,755,846,196 or 18.64 percent from the same period in 2023 which amounted to Rp53,664,849,379,99. Meanwhile, the number of labor absorption in 2024 increased by 104.36%, or increased by 50,908 people compared to the same period in 2023 which recorded 48,779 people. In terms of sectors that absorb the most labor, Nining explained that there are five leading sectors. The first is the manufacturing industry sector which absorbs 61,976 workers, followed by the wholesale, retail and repair trade sector with 14,488 workers. "Furthermore, the health services and social activities sector managed to absorb 6,102 workers, the company services sector absorbed 3,942 people, and the provision of accommodation and eating and drinking sectors absorbed 3,135 workers," he concluded. Previously, in a press conference on Investment Realization for the Second Quarter of 2024, Minister of Investment/Head of BKPM, Bahlil Lahadalia, revealed the top five regions in the realization of FDI investment in the second quarter of 2024, with West Java ranked first at USD2.5 billion (17.5 percent), followed by Central Sulawesi at USD2.1 billion (14.6 percent), DKI Jakarta at USD1.8 billion (12.9 percent), North Maluku at USD1.7 billion (12.4 percent), and Banten at USD1.3 billion (9.3 percent). As for PMDN, DKI Jakarta ranked first with a value of IDR33.1 trillion (16.1 percent), followed by West Java with IDR25.6 trillion (12.1 percent), East Java with IDR25.1 trillion (10.3 percent), and West Nusa Tenggara with IDR25.2 trillion (7.2 percent). Bahlil also stated that there are five major countries investing in Indonesia. SOURCE

Aug, 13 2024

Cirebon Regency Government Records 2024 Investment Realization Reaches IDR 3.1 Trillion

Cirebon (ANTARA) - The Cirebon Regency Government, West Java, recorded that investment realization in its region reached IDR3.1 trillion throughout 2024, growing 3.79 percent compared to the previous year's achievement of IDR3 trillion. Acting (Pj) Cirebon Regent Wahyu Mijaya in Cirebon, Monday, said that the increase in investment also contributed to regional economic growth and was able to absorb 17,311 local workers. "Investment in Cirebon Regency continues to increase from year to year. In 2024, investment realization was recorded at IDR3.1 trillion or grew 3.79 percent compared to 2023," he said. He said that the leather goods and footwear industry sector was still the largest contributor to Foreign Investment (PMA) with an investment value reaching IDR546.6 billion. Meanwhile, he said, the Other Services sector was in second place with an incoming investment value of IDR382.4 billion. "The percentage of investment realization that year has reached 96.33 percent of the target set," he said. In addition to investment, Wahyu also highlighted the increase in road stability in Cirebon Regency. He said that in 2024, the level of road stability increased to 84.91 percent compared to the previous year which was recorded at 84.56 percent. According to him, the stability of this road is calculated from the length of roads in good and moderate condition which reaches 1,053.10 km from a total of 1,240.30 km of roads in Cirebon Regency. The Cirebon Regency Government, said Wahyu, continues to strive to improve road infrastructure to support smooth mobility and investment in the area. "The remaining 187.2 kilometers or 15.09 percent of the total roads are still in the category of light and heavy damage," he said. (SOURCE)

Mar, 17 2025

Karawang to Invest Rp2.3 Trillion in Absorption of 3,000 Vocational School Graduates

KARAWANG, TINTAHIJAU.COM – The West Java Provincial Government signed a memorandum of understanding (MoU) with PT Deli Indonesia Office Technology regarding cooperation to accelerate industrial development in West Java. The signing was carried out by West Java Governor Dedi Mulyadi at SMKN 1 Karawang on Wednesday (January 28, 2026). At the same location, the West Java Provincial Government also signed an MoU with PT CBL Solusi Logistik regarding the development of the Cikarang-Bekasi Laut Inland Waterways route, as part of a strategy to strengthen logistics connectivity and reduce industrial distribution costs. The Governor, familiarly known as KDM, emphasized that the influx of large investments must have a direct impact on local employment and strengthening vocational education. "Every new company in West Java must prioritize local residents for recruitment. Industry shouldn't just be established, it must also improve community welfare," he stressed. KDM stated that vocational high school students are given the opportunity for three months of industrial work experience. Upon graduation, they can be recruited directly without additional selection if they meet company standards. This step is seen as a concrete effort to align industry needs with the educational world (link and match), while simultaneously reducing the unemployment rate of vocational high school graduates, which has long been a structural problem in industrial areas. Furthermore, the West Java Provincial Government is also preparing a program to improve human resource competitiveness through foreign language courses for 40 students from SMKN 1 Karawang. "20 students are learning Mandarin and 20 students English. There's a lot of investment from China, and they need translators. Six months is enough to provide basic work communication," said KDM. The training will be fully funded by the West Java Provincial Government and will last for six months. Furthermore, KDM reminded investors to comply with labor regulations, including regarding wages. Karawang Regency currently has the highest minimum wage in West Java at IDR 5.88 million. US$150 Million Investment, Absorbing 3,000 Workers PT Deli Indonesia Office Technology is scheduled to begin construction of an office equipment factory in March 2026, producing attendance machines, paper shredders, and office stationery. The President Director of PT Deli Indonesia, Huang Le, stated that the project is targeted for completion in 2027, with an investment of approximately US$150 million, equivalent to Rp2.3 trillion. "We have been preparing recruitment efforts from the start to ensure that incoming human resources match industry needs. When fully operational, the factory will employ around 3,000 workers," he said. The principal of SMKN 1 Karawang, H. Rosli, welcomed the policy connecting schools with the industrial world. "Third-grade students will graduate in May, so we are starting to prepare them through internships. This includes alumni who are still looking for work," he said. One student, Adam Gumelar, expressed optimism about the collaboration because it provides certainty about their career path after graduation. In addition to the manufacturing sector, the West Java Provincial Government is also promoting the transformation of the logistics system through the construction of the Cikarang-Bekasi Laut Inland Waterways. "This sea canal runs from Babelan to Tanjung Priok, and will eventually reach Patimban Port. This is a traffic-free and more efficient alternative for freight transportation," explained KDM. According to him, this project is crucial for reducing dependence on land routes, which have been a source of congestion and high logistics costs in the Karawang-Bekasi industrial area. The West Java Provincial Government is not allocating funds for this collaboration, but is providing licensing support to logistics companies. KDM is also encouraging SMKN 1 Karawang to open a logistics or maritime major to create a local talent pipeline ready to meet the needs of the maritime transportation sector and supporting industries. "Industry, education, and infrastructure must work together. If integrated, Karawang and West Java can become strong and sustainable industrial centers," he concluded. [SOURCE]

Jan, 30 2026

Rokhmin Dahuri Brings Investors from China, Visits PPN Kejawanan and Gebang Ports in Cirebon

Jakarta, Gesuri.id – Member of Commission IV of the Indonesian House of Representatives (DPR RI), Rokhmin Dahuri, continues to make maximum efforts to contribute to the development progress in Cirebon and Indramayu. As a member of parliament representing the electoral districts (Dapil) of Cirebon Regency, Cirebon City, and Indramayu Regency, Prof. Rokhmin Dahuri has obligations toward his constituents and electoral districts. On Thursday, September 18, 2025, this Commission IV member brought investors from China to observe conditions at the Nusantara Fishing Port (Pelabuhan Perikanan Nusantara, PPN) Kejawanan and Gebang in Cirebon Regency. Rokhmin and the Chinese investors were welcomed by the leadership and staff at PPN Kejawanan. The PPN Kejawanan officials then presented investment potentials available for the investors. During the occasion, Rokhmin said that contributions to Cirebon-Indramayu are not only through central government programs or the state budget (APBN). “Contributions to the electoral district are not just programs but also efforts to bring in investors,” he said on Thursday (September 18, 2025). He hopes the investors brought along this time can invest significantly in Cirebon, and that the Kejawanan Port will continue to advance and be enjoyed by both the community and local government. Several fish processing factories in the port area were also visited, including factories processing squid, crabs, and blue swimming crabs. [SOURCE]

Dec, 12 2025

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