News - West Java Economy in Q2-2024 Grows Solidly, Investment Increases

West Java Economy in Q2-2024 Grows Solidly, Investment Increases

Aug, 08 2024

PORTALJABAR, BANDUNG CITY - The West Java economy in the second quarter of 2024 is still growing positively and solidly.

The West Java Central Statistics Agency (BPS) said, the West Java economy in the second quarter of 2024 grew 4.95 percent (Y-on-Y) or grew 2.10 percent (Q-to-Q).

Head of West Java BPS Màrsudijono said, the West Java economy based on the amount of Gross Regional Domestic Product (GRDP) at current prices in the second quarter of 2024 reached Rp 706.48 trillion and at constant 2010 prices reached Rp 436.95 trillion.

"This means that the West Java economy in the second quarter of 2024 was still positive and solid," he said Monday (5/8/2024).

In terms of production, the Transportation and Warehousing Business Field experienced the highest growth of 14.13 percent. From the expenditure side, the Gross Fixed Capital Formation (PMTB) component experienced the highest growth of 6.13 percent.

The source of growth (SOG) on a y-on-y basis in terms of business fields, with the largest positive share is the Manufacturing Industry Business Field, which amounted to 1.20 percent.

In terms of expenditure, the largest positive contribution to growth was the Household Consumption Expenditure component of 3.05 percent.

"West Java's economic growth rate is the second highest in Java after East Java. Contributing 22.54 percent to the national GRDP," he said.

Marsudijono also stated that investment in West Java (PMDN and PMA) in the second quarter of 2024 reached Rp 63.7 trillion or increased by 18.62 percent (y-on-y). (Guh)

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

Indramayu Opens Wide Doors for Investors: Huge Potential in the Agriculture and Fisheries Sector

DISKOMINFO INDRAMAYU – The Indramayu Regency Government continues to strive to explore investment potential that can encourage regional economic growth. This is the main topic in today's West Java Dialogue on TVRI Jabar, with resource person Drs. Acep Suherman as Coordinator of Investment Data and Information Systems for Indramayu Regency, Wednesday (9/10/2024). In the discussion, Acep explained that the current investment climate in Indramayu is very promising. According to Acep, last year investment was hampered because there was no official Regional Spatial Planning (RTRW). However, with the passing of Regional Regulation no. 9 In 2024, potential sectors such as agriculture and fisheries will begin to be eyed by many investors. Indramayu has great potential in the agricultural sector, especially as a national food barn. Agricultural production in this area is recognized as superior nationally. In addition, Indramayu's fisheries sector is known as the largest fish producer in West Java, which further strengthens its attractiveness for investors. “We welcome investors, both from within and outside the country. "We have also prepared supporting infrastructure such as toll roads which will facilitate the flow of goods in and out of Indramayu," said Acep. Apart from that, basic needs such as water and electricity are sufficient, so it can provide comfort for investors who want to invest in Indramayu. However, the challenge currently faced, according to Acep, is marketing regional investment potential to entrepreneurs. For this reason, the Indramayu Regency Government continues to make maximum efforts to use various promotional media to attract more investors. Apart from that, the newly built Public Service Mall (MPP) also simplifies the licensing process, especially for MSMEs, and provides access to information regarding investment potential in Indramayu. In supporting the development of the local workforce, the Indramayu Regency Government collaborates with the Manpower Department (Disnaker) to organize skills training programs. The hope is that graduates of this training can be absorbed by companies in Indramayu. This step is expected to reduce the number of workers who have to look for work outside the region or even abroad. Acep also emphasized the importance of collaboration between investors and local MSMEs. Investors are expected to partner with MSMEs to improve community welfare. "Business actors must pay attention to the environment and surrounding communities, so that the benefits of this development can be felt by all parties," he added. (SOURCE)

Oct, 11 2024

KDM Affirms West Java's Steps to Support the National Economic Growth Target of 8 Percent

PORTALJABAR, BANDUNG CITY - West Java Governor Dedi Mulyadi reaffirmed the West Java Provincial Government's commitment to supporting the 8 percent national economic growth target set by the Central Government under President Prabowo's leadership. This was conveyed by KDM—Dedi Mulyadi's nickname—at The Economics 360: Economics & Business Forum 2025 West Java at Bale Gemah Ripah, Gedung Sate, Bandung, Wednesday (11/19/2025). Governor KDM explained that to achieve this national target, West Java is pushing various acceleration measures, ranging from infrastructure development, simplifying licensing processes, strengthening links between education and the world of work, and controlling unproductive public consumption. "Economic acceleration, namely, first, boosting infrastructure, second, simplifying licensing processes, third, promoting education so that our education is geared towards the world of work. And fourth, reducing public consumption," said KDM. KDM emphasized the need for collaboration between various parties to accelerate economic growth. He highlighted a crucial issue: West Java residents' access to electricity payments, which Bank BJB has not yet been able to provide. "West Java has a large electricity user base. But to this day, Bank BJB has not been able to provide electricity payments. I want the PLN Board of Directors to open up opportunities for Bank Jabar (bjb) to become a payment gateway for residents," KDM asserted. Furthermore, KDM emphasized the importance of increasing food production—eggs, vegetables, fish, meat, and rice—and expanding investment in the agricultural sector. He stated that land productivity must be continuously improved through innovation and ongoing mentoring. "Production must be increased. Let's open up investment opportunities and increase food crop productivity," he said. KDM also offered constructive criticism regarding national fiscal justice. He argued that West Java, as an industrial province with a significant tax contribution, has not yet achieved optimal revenue sharing because many companies pay taxes elsewhere—according to the location of their headquarters, not their industrial operations. "If there is industry in one location, the taxes must be paid there. Don't have industry here, but share the profits elsewhere. Where is fiscal justice?" he said. He added that villages serving as industrial locations must also receive priority development—both in infrastructure, education, and health—to ensure their growth as productive and fiscally independent villages. The Central Statistics Agency (BPS) recorded that West Java's Economic Growth Rate (LPE) in the third quarter of 2025 reached 5.20 percent, or above the national average of 5.04 percent. KDM described this achievement as a strong signal of the effectiveness of cross-sector collaboration in West Java. "West Java's economic growth has always been below the national average. Today, we are above it. This means there is collaborative performance from the regional government, the province, and the business world working simultaneously," said KDM. He assessed that this positive trend is driven by massive infrastructure development, increased investment, and strengthened production activities. KDM projects that the benefits of the infrastructure development being accelerated will begin to have a significant impact in 2026, along with increased employment and industrial production capacity. [SOURCE]

Dec, 23 2025

Sukabumi DPMPTSP targets 2025 investment of over IDR 1.2 trillion

Sukabumi, West Java (ANTARA) - The Sukabumi City Investment and One-Stop Integrated Service Agency (DPMPTSP), West Java, is targeting an investment value in Sukabumi City of over Rp1.2 trillion in 2025. "We are optimistic that the investment achievement this year can reach Rp1.5 trillion. In order to achieve this target, we are opening the door as wide as possible for investors to come to Sukabumi City," said Sukabumi Deputy Mayor Bobby Maulana in Sukabumi, Tuesday. According to Bobby, the area of Sukabumi City is not that large, but it is in a strategic location, where the city with an area of 48.31 square kilometers is flanked by two big cities, namely DKI Jakarta and Bandung City. In addition, to boost revenue, his party has made it easier to obtain permits for investors who want to invest their capital. Moreover, the area nicknamed Mochi City is one of the areas in West Java as a center of trade and services, of course many investors want to invest their capital. The increase in investment value is not only from the service and trade sectors, but the Sukabumi City Government has conducted data collection related to the potential for natural tourism that can be developed, one of which is rafting on the Cimandiri River. Thus, investors will be interested in investing because they can utilize the existing potential from the trade, service and tourism sectors and others. "We are optimistic that investment in Sukabumi City will increase, especially supported by adequate road access such as the Bocimi Toll Road, which is currently being built close to Sukabumi City, plus a double railway track," he added. Bobby said that increasing investment could be a solution to answer the challenges faced by Sukabumi City, such as increasing the economy, economic inequality, sustainable development and reducing unemployment. His party also asked large-scale investors to collaborate with investors engaged in the micro, small and medium enterprises (MSMEs) sector, local entrepreneurs and the surrounding community, so that a safe, comfortable and mutually beneficial investment climate is created. Meanwhile, the Head of the Sukabumi City DPMPTSP, Iskandar Ifhan, said that in 2024 his party targeted an investment value of IDR 1 trillion and it turned out that by the end of the year the achievement exceeded the target of IDR 1.25 trillion. Therefore, in 2025 his party is targeting an investment value of above IDR 1.2 trillion and is optimistic that the achievement at the end of the year can exceed the predetermined target or can reach above IDR 1.5 trillion. With the increasing investment value, it is very helpful and fulfills the development program for the community designed by the Sukabumi City Government. The more qualified, transparent and easy to obtain permits, of course the investors who come will increase so that they can finance development and programs to improve community welfare. (SOURCE)

Mar, 19 2025

Karawang, Bekasi, and Subang Become Leading Destinations for Foreign Investment in West Java

The realization of Foreign Direct Investment (FDI) in West Java throughout 2025 shows an interesting dynamic. While cities such as Bandung and Bogor have traditionally received significant attention as investment destinations, several other districts have emerged as the primary targets for foreign investors. This shift is supported by the availability of industrial estates, well-developed infrastructure, and simplified investment licensing procedures. Global investors are increasingly attracted to regions that offer large land availability, strategic logistics access, and strong support from local governments in creating a conducive and sustainable business environment. As a result, several areas in West Java have emerged as new centers of foreign investment. According to data from the Central Statistics Agency (BPS), Karawang Regency ranks first with an investment realization of IDR 50.86 trillion. This achievement is driven by the presence of nationally and internationally recognized industrial estates, direct access to the Trans Java Toll Road, and proximity to Tanjung Priok Port and Patimban Port. Karawang is widely known as a major manufacturing hub, particularly for the automotive and electronics industries. Bekasi Regency and Bekasi City rank second with an investment realization of IDR 49.66 trillion. The region is recognized as one of the largest industrial centers in Indonesia, supported by well-established industrial zones, comprehensive transportation infrastructure, and close proximity to Jakarta as the nation’s main business and logistics hub. Meanwhile, the surge in investment in Subang Regency is closely related to the development of Patimban Port and the establishment of new industrial estates. Subang is increasingly viewed as a strategic industrial buffer zone in northern West Java, especially for export-oriented manufacturing industries. In addition to these three regions, several other areas in West Java also recorded notable investment realizations. Bogor Regency recorded investments of IDR 7.23 trillion, driven by the property, tourism, and service industries. Cianjur Regency recorded investments of IDR 3.1 trillion, supported by the agribusiness sector, tourism, and medium-scale processing industries. Purwakarta Regency recorded investments of IDR 2.89 trillion, largely flowing into manufacturing, logistics, and supporting industries due to its strategic location along the main Jakarta–Bandung corridor. West Bandung Regency recorded investments of IDR 2.71 trillion, mainly in tourism, property, and creative industries. Bandung City recorded investments of IDR 2.69 trillion, primarily driven by the creative economy, technology, education, and service sectors. Although the investment value is not as large as industrial regions, Bandung plays a crucial role as a center of innovation and a source of high-quality human resources. Sukabumi Regency recorded investments of IDR 2.23 trillion in sectors such as fisheries, tourism, and processing industries. Meanwhile, Depok City recorded investments of IDR 2.09 trillion, mainly in the property, education, and service sectors, supported by its proximity to Jakarta and its continuously growing population. These data indicate that foreign investment in West Java is still largely concentrated in industrial areas along the northern coastal region (Pantura). However, other regions are gradually demonstrating strong potential as emerging centers of economic growth in the province.[Source]

Mar, 06 2026

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