News - The Economic Growth Rate in Bogor City Remains at 5.15 Percent, Investment Given Red Carpet Treatment

The Economic Growth Rate in Bogor City Remains at 5.15 Percent, Investment Given Red Carpet Treatment

Nov, 18 2025

RADAR BOGOR – The economic growth rate of Bogor City has not moved far from the 5 percent mark, recording 5.15 percent throughout 2024, slightly above the national and West Java Province averages of 5 percent.

While considered stable, this figure is viewed as insufficient to meet the long-term regional economic development targets. Therefore, the Bogor City Government (Pemkot Bogor) emphasizes the need for an extra strategy to push for higher growth.

“This is part of the recovery and rebirth process of Bogor City’s economy post-Covid-19,” said Rudy Mashudi, Head of Bogor City Regional Development Planning Agency (Bapperida).

According to Rudy, there are four factors influencing the economic growth rate: community consumption, government spending, investment, and exports-imports.

On consumption, Rudy hopes that transactions in the community keep moving because the circulation of money among residents is a key pillar of growth.

“A good economic condition helps people meet their needs and maintain purchasing power,” Rudy said.

Government spending also plays a major role in driving the economy. With efficiency and budget reallocation, the impact of public spending is expected to be more felt.

“This is also our way to ensure government spending is targeted appropriately and directly impacts the regional economy,” he explained.

Investment is given special attention, with Pemkot Bogor opening wide the doors for outside capital expected to absorb local labor.

“We need investment to drive job creation and increase the productivity of Bogor City’s economy,” emphasized Rudy.

However, the national economic growth target of 8 percent by 2030 is considered challenging to achieve.

Rudy said a phased strategy and extra hard work are needed to approach that figure.

“It requires significant and planned efforts to elevate the economy to that level,” he added.

He also cited external challenges like the Russia-Ukraine war and Palestine-Israel conflict, which add pressure on the global and national economy.

“The global escalation also impacts regions, including Bogor City,” he said.

Therefore, Pemkot Bogor aims for a more realistic short-term growth target of nearly 6 percent, expected by the end of 2025.

“One way is by continuing to provide ease for investment in Bogor City,” he concluded.

[SOURCE]

123,317 People Have Utilized Bandung City MPP Facilities

Bandung City (ANTARA) - The Bandung City Government (Pemkot) revealed that 123,317 people have utilized the Public Service Mall (MPP) facilities with various destination agencies. Head of the Bandung City Investment and One-Stop Integrated Service Office (DPMPTSP) Ronny Ahmad Nurudin said that since it was inaugurated in August 2022, public interest in getting services at the MPP has been quite good. “Regarding services to the community, the Community Satisfaction Index for MPP Bandung City is at 93.89 as of June 2024,” Ronny said in Bandung on Monday. Ronny said that the implementation of MPP has been running smoothly and there are no obstacles with an average visit of 300 people per day. “The presence of this MPP, we hope that the community can be very well served. At a very young age, we are sure that Bandung City provides optimal services,” he said. Even for 2024, he said, his party was asked by the Ministry of Administrative Reform and Bureaucratic Reform (PAN-RB) to make the Bandung City MPP an inclusive MPP pilot project in Indonesia, in collaboration with institutions in Australia. Furthermore, he said that his party continues to strive so that the Bandung MPP can bring innovation and convenience for the community to get the various services needed. “The collaboration of all existing agencies is needed in order to realize maximum public services,” said Ronny. In addition, he said that the existence of MPP also increased investment realization in the city by providing a number of facilities for granting business licenses for investors, one of which is through the Online Single Submission Risk Based Approach (OSS-RBA) or risk-based licensing. “From the innovations that we build, it aims to simplify and provide certainty on the speed of time and so on for issuing business licenses,” he said. SOURCE

Aug, 27 2024

West Java Diaspora Departs Seven MSME Products to Australia

PORTALJABAR, KOTA BANDUNG - West Java Diaspora Program Chapter 2 dispatched seven MSME products for export to Australia, Thursday (15/2/2024). Export of MSME products thanks to collaboration between the West Java Cooperatives and Small Business Service and the West Java Regional Secretariat's Government and Regional Autonomy Bureau. The seven MSME products sent to Australia were produced by CV. Samara Micron Saleronell, MSME-based industry in the Holis area, Bandung City. The seven products exported include packaged potato chips with various flavors, as well as traditional Indonesian spices or condiments such as gepuk seasoning, yellow rice, rendang, Padang sauce, soto, plus kebuli rice seasoning. West Java Diaspora itself is a program aimed at increasing the economy and investment in West Java. Even though initially the volume of goods sent was still relatively small, this was a significant step forward for the development of the MSME industry in West Java. This also emphasizes the potential of the diaspora market as a valuable opportunity for MSME business actors. Regarding the economy and investment, the entry of seven West Java MSME products into the Australian market has had a significant positive impact. Moreover, this step is carried out through support and collaboration between the public and private sectors. Marcelina Jasmin Sutisna, founder of Samara Micron, stated that she was very enthusiastic about the opportunity to expand the market overseas. "The collaboration through the West Java Diaspora Forum has opened the door for us to access a wider market, and we hope this is only the beginning of many successes to come for the MSME industry in West Java," said Marcelina. The West Java Provincial Government is committed to continuing to support and strengthen efforts to improve community welfare through developing the MSME sector and promoting exports to foreign markets through the Indonesian Diaspora, by exploring MSME market opportunities in other countries. (SOURCE)

Feb, 22 2024

Pursuing Operation of Giant Hydropower Project in West Java, PLN Coordinates TKDN Issue

The State Electricity Company (PLN) is targeting the giant Upper Cisokan Hydroelectric Power Plant (PLTA) project in West Java to be commercially operational by 2028. The execution of this project has recently been delayed even though PLN has secured loans from the Bank for Reconstruction and Development (IBRD) and the Asian Infrastructure Investment Bank (AIIB) in 2022. The reason is that the international creditor loans are hampered by the domestic component level (TKDN) clause mandated by the Ministry of Industry. “Currently, PLN continues to coordinate with the Coordinating Ministry for Maritime Affairs and Investment, the Ministry of Energy and Mineral Resources, and the Ministry of Industry to resolve issues related to TKDN,” said Executive Vice President of Corporate Communications and TJSL Gregorius Adi Trianto when confirmed by Bisnis, Wednesday (24/7/2024). Greg said the project with an investment value of US$850 million has entered the procurement stage. He targets the project to be operational in 2028. On the other hand, he said, his company is also coordinating with relevant ministries and institutions to resolve TKDN issues in a number of new renewable energy (EBT) projects that use foreign grant loans (PHLN). “The Upper Cisokan PS project uses loan funds from the Asian Infrastructure Investment Bank (AIIB) and also the World Bank,” he said. This water-based power plant will have a power capacity of 4 X 260 megawatts (MW), located on the border of West Bandung and Cianjur regencies, West Java. The project has received a loan facility from IBRD, which is part of the World Bank Group with total funding of US$380 million. In addition, there is also US$230 million funding from AIIB in the form of co-financing with the World Bank with a similar scheme. PLN received an interest rate with a long tenor of 24.5 years. The Cisokan hydropower plant was built using Roller Compacted Concrete (RCC) where the upper and lower dams utilize the water resources of the Cisokan River, which is a tributary of the Citarum River. PLN will first build a dam from upstream to downstream as well as 27 kilometers of electrical infrastructure along the river. Through pumped storage technology, when the electricity load is at peak, this hydropower plant can flow the water discharge system so that it can rotate the turbine and provide additional electricity supply. Meanwhile, when the Java Bali electricity load is down, this hydropower plant can immediately restore water discharge through the tunnel. As previously reported, the Ministry of Energy and Mineral Resources (ESDM) is convincing a number of multilateral lenders to channel loans to new and renewable energy (EBT) projects in Indonesia. Funding commitments from international lenders have recently stalled due to the issue of clauses to fulfill TKDN provisions. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources Eniya Listiani Dewi said that she had convinced a number of lenders about the current changes in domestic TKDN regulations. “We have announced yes, meaning sharing with various investment funding lenders that there are improvements in the regulations,” Eniya said when confirmed, Thursday (07/18/2024). Meanwhile, the regulatory improvement is related to the government's decision to separate the TKDN of EBT projects which will be regulated by the Ministry of Energy and Mineral Resources from the TKDN of components or goods which are under the authority of the Ministry of Industry. Eniya said that the regulation at the level of ministerial regulation (Permen) of ESDM which regulates the TKDN of EBT projects has been harmonized recently. The Ministry of Energy and Mineral Resources revealed that there are 14 EBT power plant projects that are constrained by funding due to the polemic over the clause of fulfilling the TKDN provisions. Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion. The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW). Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN. The ten projects that have stalled in negotiations include the Bakaru 1 hydropower plant (126 MW), Bakaru 2 hydropower plant (140 MW), Kalibumi Minihydro Power Plant (6.35 MW), Lapai 1 hydropower plant (5.31 MW), Riorita hydropower plant (2.5 MW), Dieng 2 hydropower plant (55 MW), Patuha 2 hydropower plant (55 MW), and Masang 2 hydropower plant (44 MW). SOURCE

Jul, 25 2024

Hendra Hartono's Story Promotes Cirebon as Kuwait's Investment Center in West Java

Liputan6.com, Cirebon Cooperation between countries is one way to meet the needs of the country. President of the Indonesia Kuwait Business Council (IKBC) Hendra Hartono ensured that Cirebon has the potential to become Kuwait's investment center in West Java. Previously, Hendra was one of the guests of honor at the Kuwait National Day celebration in Jakarta some time ago. He said that the event was attended by a number of officials and important and influential business actors. "Diplomats, officials and business actors emphasized the commitment of the two countries to expand economic, cultural and investment collaboration," said Hendra Hartono to Liputan6.com, Monday (3/3/2025). He said that while attending Kuwait's national day, he continued to highlight the great potential for cooperation between Indonesia and Kuwait. Especially cooperation in the energy sector, halal industry and infrastructure. On that occasion, Hendra also emphasized the importance of synergy between business actors of the two countries. "Kuwait has capital and technology, while Indonesia is rich in human resources and a dynamic market. This is the perfect combination to create shared prosperity," said the man from Cirebon. According to Hendra, the Cirebon area is ready to become a hub or investment center for Kuwait in West Java. Especially investment for strategic projects and renewable energy in Indonesia. Partnership Scheme In fact, Hendra admitted that he had prepared a mutually beneficial partnership scheme. Including knowledge transfer and absorption of local workers. As a figure from Cirebon, Hendra Hartono actively promotes his city as a strategic investment destination. In a closed discussion with several ambassadors, he invited them to invest in the developing Cirebon. "This will be an export-import gateway for Kuwaiti products to Southeast Asia," he explained. It is known that Kuwait National Day in charge de affairs of the Kuwaiti Ambassador to Indonesia, H.E Faisal Fayez H Al Beghaili was also attended by 20 ambassadors of friendly countries, the event was filled with a series of symbolic agendas. Starting from the screening of Kuwait's history video, traditional dance performances, to the degustation of Middle Eastern specialties such as machboos and luqaimat. Sheikh Faisal Fayez in his speech expressed his appreciation for Indonesia's participation. "Our relationship with Indonesia is not only business, but also an exchange of humanitarian values," he said. (SOURCE)

Mar, 21 2025

West Java DPRD Regrets the Education Service for Not Responding to Investment Changes Related to the Provision of Vocational Schools

BANDUNGWETAN, AYOBANDUNG.COM - Member of Commission V of the West Java DPRD, Aceng Malki, regretted that the Education Department did not seem to be responding to changes in industry and investment by providing vocational schools in accordance with industry needs. He said that the availability of vocational school majors is currently still monotonous without paying attention to the conditions of industrial needs. "I see that vocational school majors in West Java are not linear with investment," said Aceng, Sunday 15 December 2024. He also gave an example in Karawang, which is one of the industrial centers, which is not accompanied by the provision of vocational school majors that suit needs. In this district, there is a lot of investment in both the automotive and other industries, but the availability of vocational school majors is actually a lot of management. As a result, many vocational school graduates are unable to enter work because their majors do not match the workforce needs in existing industries. "There should be planning resulting from coordination with Bappeda or SKPD related to investment. This planning is related to providing majors in vocational schools that are suitable for incoming investment. For example, if there is incoming investment in the automotive sector, then there must also be many automotive majors," he explained. Apart from that, vocational schools must also always update industrial technology so that their graduates can easily get jobs because their abilities are in line with industry needs. "Don't let companies that build factories using advanced technology, but Vocational Schools haven't updated the technology, end up with graduates still not being able to get jobs because they don't master the technology," he explained. According to Aceng, this condition actually occurs in West Java, so even though incoming investment is relatively high, labor absorption in the people of West Java is still low. "Because the skills of vocational school graduates do not match industry needs, in the end many of the workers accepted come from outside West Java. That's why the Education Department must reform vocational school majors so that they suit needs," he concluded.*** (SOURCE)

Dec, 18 2024

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