News - Waiting for Permendagri Rules, One West Java BUMD Will Be Closed This Year

Waiting for Permendagri Rules, One West Java BUMD Will Be Closed This Year

Jul, 24 2024

Head of the Bureau of BUMD, Investment and Development Administration (BIA) of the West Java Regional Secretariat, Lusi Lesminingwati, revealed that currently the government is making efforts to accelerate the business of nine companies in Financial Institutions.

In fact, one of them will be closed and is just waiting for regulations from the Minister of Home Affairs of the Republic of Indonesia (Permendagri).

Likewise with several companies that are included in financial institution companies. Of the 15 BPR (Rural Bank) institutions, 11 of them are being encouraged to merge.

“Actually, out of 41 BUMD (companies), there are 9 NLK (non-financial institutions), one of which we will close just waiting for the regulations from the Permendagri. While the other 8 we (are) encouraging the acceleration of their business because the problem of this non-financial institution (BUMD company) is Cash Flow,” said Lusi when exposing the condition of BUMD Jabar to Koran Gala.

Lusi admitted that one of the hardest homework for the provincial government is currently in microfinance institutions (MFIs) because besides being slow, the dividend contribution from BPRs is still relatively small.

“Indeed, in the future we are doing mergers for these 15 BPRs, although 4 of them are not in West Java but in the Banten Provincial Government. So we will encourage 11 to merge, while the other 4 we will try to sell our shares to the Banten Provincial Government,” he said.

“Our hope is that by merging these BPRs, the business, scale will be bigger and in the end the dividends we receive will be higher,” she continued.

Lusi admitted that BUMDs should be able to encourage the acceleration of development so that her party needs to improve the condition of BUMD companies in West Java.

“Now related to the two that are really productive out of 41, the ones that dominate the contribution of dividends to the West Java Provincial Government are BJB and PT Migas Utama Jabar (MUJ),” he said.

Regarding one of the BUMD companies that will be closed by West Java Province this year, Lusi revealed that one of them is PD Agribusiness and Mining (AP), even the remaining assets in the BUMD company have been inventoried for the name to be returned to the West Java Provincial Government.

“The asset data is already there, we are just waiting for the Permendagrinya and the mechanism, which is certain that the assets should not be lost,” he said.**

SOURCE

AAF 2024 Was Successful, Acting Regional Secretary: Proof of Pentahelix's Concern and Collaboration

The Asia Africa Festival (AAF) 2024 on 6-7 July 2024 was lively and successful. This cannot be separated from the support, cooperation and prayers of all the people of Bandung City. "The 2024 Asia Africa Festival (AAF) was a success thanks to the support, cooperation and prayers of all employees and the people of Bandung City. Yesterday two days in a row went smoothly and successfully," said the Acting Regional Secretary (Sekda) of Bandung City, Dharmawan, Monday (8/7/2024) He considered that holding AAF was not only a momentum to remember the history of the Asian-African Conference (KAA) but also a form of pentahelix concern and collaboration between the government, entrepreneurs, academics and media as well as society which had been well developed in the city of Bandung. "This shows us that holding AAF is not only a momentum to remember the history of KAA but also as a form of concern, especially support from the Bandung city government and the community, that collaboration is going well," he said. Dharmawan said that holding AAF could also be a momentum for increasing investment in the city of Bandung. This is proven by the increasing occupancy rate and tourist visits to the city of Bandung. This can also be a momentum to boost the rate of economic growth in the city of Bandung. "We hope that holding AAF will be a momentum for increasing investment. The city of Bandung is a city full of hope in economic development," he said. "We need to intensify this, because one of the macro indicators is the rate of economic growth," he said. Not only that, AAF 2024 is also a series of the 214th Anniversary of the City of Bandung. So the momentum for the success of holding this AAF must be an inspiration for holding other HJKB series. "This is a form of collaboration from all stakeholders, all of whom directly support this process. I appreciate the solidity and solidarity of all regional officials so that the implementation runs well and smoothly," he said. SOURCE

Jul, 10 2024

Reaching IDR 10.78 Trillion, Ciayumajakuning Investment Realization is Back in Control of This Sector

Bisnis.com, CIREBON - Bank Indonesia of Cirebon Representative noted that investment realization in Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) reached IDR 10.78 in 2023. Head of Bank Indonesia of Cirebon Representative, Hestu Wibowo, said that during 2023 the realization achieved would be 85.2%. "The 2023 Ciayumajakuning investment target of IDR 10.78 trillion contributes 5.74% to the West Java investment target," said Hestu in Cirebon City, Tuesday (2/1/2024). Investment in Ciayumajakuning is still dominated by the mining sector at 45.91%. Others are the food crop and plantation sectors; non-metallic mineral industry: as well as trade and repairs. Based on Bank Indonesia records, there are four companies in Ciayumajakuning that control investment in the eastern region of West Java. The four companies are, PT Kilang Pertamina Internasional (KPI) RU VI Balongan Indramayu, PT Polytama Propindo, PT Taekwang Indonesia, and PT Sido Agung Agro Prima. PT KPI RU VI Balongan invested IDR 17.18 trillion (2022-2027), PT Polytama Propindo IDR 5.03 trillion (2022-2025), PT Taekwang Indonesia IDR 42.8 billion (2022-2025), and PT Sido Agung Agro Prima IDR 83 billion (2022-2023). The Cirebon Regency Capital Investment and One-Stop Integrated Services Service (DPMPTSP) said that by the third quarter of 2023, investment realization in Cirebon Regency had reached IDR 2.16 trillion. The regional government is targeting investment realization of IDR 2.9 trillion by December 31, 2023. "We are optimistic that the investment realization of IDR 2.9 trillion can be achieved. Last year alone, the realization reached IDR 2.8 trillion. "This figure exceeds the target of IDR 2.67 trillion," said Head of DPMTSP Cirebon Regency, Dede Sudiono. According to DPMPTSP records, the electricity, gas and water sectors have again become one of the largest contributors to investment realization in Cirebon Regency. This sector has been a contributor to investment for the last 10 years. In that period, the electricity, gas and water sectors contributed IDR 917.9 billion “This sector has proven to contribute greatly to the investment process. "In fact, it beats the leather goods and footwear industry," said Dede. (SOURCE)

Jan, 22 2024

The DPMPTSP recorded that investment in Cirebon City reached IDR 1.85 trillion in 2025

Cirebon (ANTARA) - The Cirebon City Investment and One-Stop Integrated Services Agency (DPMPTSP), West Java, recorded that investment realization in the region reached IDR 1.85 trillion in 2025, exceeding the established target. Acting Head of the Cirebon City DPMPTSP, Icip Suryadi, stated in Cirebon on Tuesday that this achievement represents investment growth of 88.52 percent compared to the previous year. He stated that this investment realization is equivalent to a target achievement ratio of 189.2 percent, out of the 2025 investment realization target of IDR 980 billion. "With this achievement, Cirebon City is one of the regions with the best investment growth percentages in West Java," he said. He explained that this achievement is the result of the active contribution of business actors and investors, who carry out their business activities and submit Investment Activity Reports (LKPM) in an orderly and timely manner. According to him, the LKPM report is an important instrument for capturing real and measurable investment activity in Cirebon City. "This is an achievement in the development of investment realization in Cirebon City," he said. He said this increase in investment realization reflects the level of investor confidence in the business climate and ease of licensing in Cirebon City. Furthermore, he continued, the role of integrated and transparent licensing services has contributed to increased investment interest in various business sectors. He stated that the DPMPTSP assesses that the policies and programs implemented by the local government are beginning to have a tangible impact on local economic growth. He is optimistic that these investment achievements can be a crucial asset in driving regional development and creating jobs for the community. Furthermore, Icip stated that the increase in investment is also expected to strengthen the regional economic structure in a sustainable manner. The Cirebon City Government, he said, will continue to strive to maintain a conducive investment climate by improving the quality of public services and ensuring regulatory certainty. "With this achievement, we hope that Cirebon City can continue to progress and develop in the future, and we can determine the policy direction for a better Cirebon City," said Icip. [SOURCE]

Feb, 05 2026

This Port in West Java is Capable of Strengthening Logistics on 3 Islands in Indonesia, Worth Investment of Up to IDR 43.2 Trillion

LENGKONG, AYOBANDUNG.COM -- This port in West Java is able to strengthen the logistics of 3 islands in Indonesia. This port in West Java has an investment value of up to IDR 43.2 trillion. The name of the port in West Java is Patimban Port. This port in West Java is now managed by PT Pelabuhan Patimban Internasional. The construction of this port is one of the strategic projects in the era of President Jokowi. Patimban Port was inaugurated on December 20, 2020. Patimban Port is located in Subang Regency, West Java. This port is able to strengthen the distribution of logistics on 3 islands in Indonesia, namely Java, Sumatra and Kalimantan. This port serves domestic shipments for automotive to Batam and Belawan, and Long Distance Ferry (LDF) with the Patimban - Panjang, Patimban - Pontianak routes, and vice versa. The shipments are served by 5 ship operators. Patimban Port is also a strategic port because it is supported by adequate supporting infrastructure, such as Kertajati Airport, Majalengka, and access to the Cipali (Cikopo-Paliman) and Cisumdawu (Cileunyi-Sumedang-Dawuan) toll roads. Patimban Port will be an outlet for a number of industries along the Cipali, Subang, Majalengka, Sumedang, and Cirebon toll roads. In addition, this port will also integrate existing economic areas such as East Bekasi, Karawang, and Purwakarta. In addition, with this port, the Ministry of Transportation estimates that logistics costs will be cheaper and much more competitive for industries in eastern Indonesia for export-import through Patimban Port. Meanwhile, industrial activities from western Indonesia are collected at Tanjung Priok Port. The Patimban area together with Cirebon and Kertajati (Majalengka Regency) is projected to become the 'Rebana Metropolitan'. In this Rebana Triangle industrial area, it is planned that there will be 10 to 12 new growth centers, including Patimban City which is of interest to investors from Japan. Therefore, the regional government hopes that the central government will continue to support connectivity infrastructure and spatial planning from Patimban Port to the surrounding areas. Having extraordinary benefits, Patimban Port has a fairly large investment value of up to IDR 43.2 trillion. (SOURCE)

Mar, 17 2025

Investment Realization in Tarakan in the Second Quarter of 2024 Reaches IDR 8.4 Trillion, the Largest Contribution from PT PRI

TRIBUNKALTARA.COM, TARAKAN – Throughout 2024, investment achievements in Tarakan, North Kalimantan until the second quarter reached IDR 8.4 trillion. From these achievements, previously the 2024 investment target from DPMPTSP Kaltara was IDR 11.9 trillion. Head of the Tarakan Investment and One Stop Integrated Services (DPMPTSP) Service, Sugeng is optimistic that the 2024 investment target can be achieved. The reason is, the third quarter is still waiting for the calculation to be completed at the end of October 2024. Sugeng stated that he was optimistic that the target could be achieved, because of the construction of large companies in Tarakan, one of which was PT Phoenix Resources International or PT PRI. PT PRI has just been reviewed by the Director of the Ministry of Investment together with DPMPTSP, Assistant, DLH and the Department of Industry and Manpower, in November 2024 it will be able to operate. "The maximum investment is around IDR 21 trillion for PT PRI," said Sugeng. Sugeng said the realization of the achievement was IDR 8.4 trillion, the largest contribution from PT PRI. Apart from that, there are other companies but not up to IDR 1 trillion. “For others, it's just billions. That's a total value of IDR 8 trillion. If PRI is around almost IDR 7 trillion more. "Yesterday we had a conversation with PT PRI officials. In the future, if the trial runs smoothly, we will increase the investment," explained Sugeng. Sugeng claims that this is the largest production in the world. However, he forgot the daily details of how much it was worth. “2,400 tons per day if I'm not mistaken for paper pulp. The ingredients come from East Kalimantan and West Kalimantan, if the information is not wrong, they are brought to Tarakan. "The materials have now been received and trials have begun," he explained. When it is operational, a maximum workforce of up to 3,000 workers will be needed. Yesterday's information was only in the range of 1,800 workers at PT Phoenix Resources International. Apart from that, in other areas of the company there are donations of wood for shipyards and other companies that invest. "There was also an MoU for the distribution of clean water yesterday but there is still no updated information," he said. (SOURCE)

Oct, 07 2024

Navigation