News - West Java Provincial Government is Looking for Investments That Can Have a Direct Impact on Reducing Unemployment and Poverty

West Java Provincial Government is Looking for Investments That Can Have a Direct Impact on Reducing Unemployment and Poverty

Jul, 08 2024

PRFMNEWS - The West Java Provincial Government (Pemprov Jabar) has stated its commitment to continue looking for investments that can have a direct impact on reducing unemployment and poverty.

West Java Regional Secretary, Herman Suryatman stated that investment in West Java must be inclusive. This means that it has a direct impact on society, especially to overcome the problems of unemployment and poverty.

Herman explained that currently West Java is the province with the highest investment in Indonesia, reaching IDR 210.6 trillion. This figure is the investment realization in 2023 last year.

"Of course we hope that we will continue to maintain this investment, especially not exclusive, but inclusive investment, which has a direct impact on reducing unemployment and poverty," he explained at the Coordination Meeting for the Preparation of the 2024 Strategic Investment Downstream Study in West Java Province, which was held in Bandung City , Thursday 4 July 2024.

Herman continued, one of the West Java Provincial Government's strategic steps to make this happen is by downstreaming existing investments in West Java.

"One of the strategies in this investment is to carry out downstream strategic investments, one of which is in the oil and gas sector," he said.

Herman added, the investment downstream strategy has been implemented long ago by the central government, and the West Java Provincial Government itself will follow these steps and is committed to becoming the leading province in carrying out downstreaming.

"The end is how the people of West Java prosper. Because investment is really only a target, the main target is making our country strong, making West Java strong, advanced, branched, which is marked by a prosperous society," he concluded.

(SOURCE)

Hipmi Values the Rapid Investment in Cianjur Supported by Regional Leadership Policy

HIMPUNAN Pengusaha Muda Indonesia (Hipmi) Cianjur Regency, West Java, assesses that the investment climate in Cianjur is showing an increasing trend. This condition is supported by the local government's policy on the ease of business licenses. Chairman of BPC Hipmi Cianjur Regency, Andi Burdah Zawahir, explained that the recent increase in investment value was supported by the small and medium business license (IUMK) and the emergence of new trades such as malls and franchises. These sectors have contributed to investment growth in Cianjur Regency. “If you look at investment growth, based on the data, it has indeed increased quite rapidly. Especially in the last three years during the leadership of Regent Herman Suherman,” he explained, Thursday (15/8). Data from the Cianjur Regency Investment and One-Stop Integrated Service (DPMPTSP) Office, in 2021 investment realization reached 104.43% or Rp1,900,774,252,100 of the target of Rp1,820,000,000,000. Then in 2022, from the target of Rp1,640,000,000,000 realized atRp1,747,988,855,000 or 106.58%. Meanwhile, in 2023, from the target of Rp1,656,400,000,000, Rp1,802,406,639,556 was realized or 108.81%. Meanwhile this year, during the January-July period, investment realization has reached Rp1,172,240,809,204 of the target of Rp1,820,061,327,000 or 64.41%. “Every year for the last three years, investment realization has always exceeded the target,” he said. Andi saw that the rapid achievement of investment growth was directly proportional to the support of regional leadership policies. Coupled with various service innovations that make investors comfortable investing in Cianjur Regency. “This achievement is made possible by the regulation of the ease of business licenses. In fact, DPMPTSP goes directly to the field to provide licensing assistance,” he said. However, he acknowledged that behind the positive progress of investment achievements, there are certainlythere are still shortcomings. Therefore, in the future the local government through technical regional apparatus needs to improve these various shortcomings. “The important thing to do at this time is the leadership figure of the regional head. Because, investment requires legal certainty. For example, about regional spatial planning. Now the spatial regulation in Cianjur Regency has been completed. This is an opportunity to attract investment. Who is the fastest, will get the fastest investment,” he said. Cianjur Putra Indonesia University (UNPI) Economic Observer, Irfan Sophan Himawan, assessed that the rapid pace of investment during the leadership of Cianjur Regent Herman Suherman was an indicator that the policies taken had succeeded in creating a conducive investment climate. “This includes improving infrastructure, simplifying bureaucracy, and providing incentives for investors.providing incentives for investors. All of these are attractive to domestic and foreign investors,” said Irfan. SOURCE

Aug, 16 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

Kemenkumham Jabar Participates in SAKICEUP BOSS! in Livestock Contest and Food Expo West Java Level in 2024

NAWACITAPOST.COM - In accordance with the direction of the Head of the West Java Regional Office of the Ministry of Law and Human Rights, Masjuno, and the West Java Regional Office of Law and Human Rights, Andi Taletting Langi, through the Head of Legal Services, Ave Maria Sihombing, together with the Head of Subbid Yan AHU, Zaki Fauzi Ridwan and Head of Subbid Yan KI, Dona Prawisuda, gave attention to participating in SAKICEUP BOSS! (Means of Easing Fast Permits for Business Actors Acting On The Spot) coupled with the West Java Level Livestock Contest and Food Expo 2024 Thursday, (07/25/2024). In order to support the achievement of comprehensive investment and as an effort to improve the welfare of the community, the Regional Government of West Java Province is committed to being able to provide easy licensing services, especially for micro and small business actors. One of the efforts that will be made is the issuance of 1,000,000 (one million) Business Identification Numbers (NIB) and the provision of other business legality facilities to micro and small business actors throughout West Java. In order to accelerate the implementation of this matter, the DPMPTSP of West Java Province provides direct services to the potential location of micro and small business actors in the SAKICEUP BOSS! (Sarana Kemudahan Izin Cepat Untuk Pelaku Usaha Beraksi On The Spot) activity. Quoting what the Acting (Pj) Governor of West Java Bey Machmudin once said at the opening of the first inauguration of services at the West Java Province Investment and One-Stop Integrated Services (DPMPTSP) Office. “West Java has received the first rank in public services from BKPM, for investment services West Java has won compared to other provinces. This shows that the service in West Java is very good,” said Bey. On this occasion also attended directly the Acting (Pj) Governor of West Java, Bey Machmudin and the Head of the West Java Province Investment and Door Integrated Service, Nining Yuliastiani “Intellectual Property Services and AHU Services online this service process is easy, fast and clear in the implementation of public services”. Through the Sakiceup Boss program, it can integrate intellectual property rights creation services and General Legal Administration services such as the establishment of Individual Companies, Apostille / Legalization and Citizenship. This is proof of the commitment of the Ministry of Law and Human Rights in providing excellent service to the community. This is not the first time the West Java Regional Office of the Ministry of Law and Human Rights has participated in this activity. In total, the Regional Office of the Ministry of Law and Human Rights of West Java has participated in this activity 4 (four) times. 1. Garut 2. Purwakarta 3. West Bandung Regency and today the 4th in Bandung Regency. SOURCE

Jul, 26 2024

Textile Industry Investment Reaches IDR 304.4 Billion in Q1 2025, Absorbs 1,907 Workers

The Directorate of Textile, Leather, and Footwear Industry of the Ministry of Industry (Kemenperin) noted that throughout January-March 2025, it had issued Business Certificates (SKU) for four textile and apparel industries. The total investment reached IDR 304.43 billion, which is estimated to absorb 1,907 workers. The textile, apparel, and footwear industry continues to show positive performance, in line with its role as a priority sector in the 2025–2045 National Long-Term Development Plan (RPJPN). The government is committed to encouraging the growth of this industry in order to strengthen national competitiveness and create extensive employment opportunities. The latest data shows that in 2024, the growth of the textile, apparel, and leather and leather goods industries reached 0.09 percent, 5.78 percent, and 6.83 percent, respectively. This solid performance is also supported by a significant increase in investment, both from Foreign Investors (PMA) and Domestic Investors (PMDN). In 2023, total investment in this sector will reach IDR 29.92 trillion, while in 2024 it will increase sharply by 31.1 percent to IDR 39.21 trillion. "This increase in investment reflects investor confidence in the prospects of the textile, apparel, and footwear industry in Indonesia. Especially in the apparel industry, which is a labor-intensive industry, investment has increased drastically from IDR 4.53 trillion in 2023 to IDR 10.20 trillion in 2024, an increase of 124.9 percent," said Director of the Textile, Leather, and Footwear Industry, Ministry of Industry (Kemenperin) Rizky Aditya Wijaya in his statement, Monday (17/3). With Indonesia's large population, reaching 281.6 million people (BPS, 2024), the prospects for the textile and footwear industry remain promising. The average per capita expenditure of Indonesians for clothing, footwear, and headgear in the period March 2020–March 2024 reached IDR 35,457 per month. Thus, the potential domestic market is estimated to reach IDR 119.82 trillion. In addition, export opportunities are also increasingly wide open. The new tariff policy implemented by the United States against Canada, Mexico, and the People's Republic of China (PRC) is a strategic momentum for Indonesia to expand its market share in Uncle Sam's country. In 2024, total imports of apparel and footwear from the United States reached USD 138.19 billion, of which the PRC dominated with a value of USD 38.04 billion (29.2 percent). Meanwhile, Indonesia's exports to the United States in the same year reached USD 7.11 billion or around 5.5 percent of total US imports. "Indonesia recorded a growth in apparel and footwear exports to the United States of 7.5 percent from USD 6.61 billion in 2023 to USD 7.11 billion in 2024. With the change in tariff policy in the US, our export opportunities are getting bigger, and this is an opportunity for the national industry to increase competitiveness in the global market," he added. Seeing the great potential in both domestic and international markets, the Ministry of Industry continues to strive to strengthen the textile and footwear industry ecosystem through various strategic policies. Several steps that are being taken include increasing production efficiency, adopting environmentally friendly technology, and supporting the expansion of export markets. With full support from the government and the commitment of industry players, the textile, apparel, and footwear sector in Indonesia is ready to continue to grow, create jobs, and strengthen its position as a major player in the global industrial arena. [SOURCE]

Apr, 09 2025

Here are 5 provinces that have promising investment potential in 2024, which ones are they?

Jakarta – Grant Thornton Indonesia in its report Unraveling Indonesia Prospects in 2024 stated that there are five provinces that will be the center of attention in 2024. The five provinces include North Maluku, Central Sulawesi, East Kalimantan, West Java and Riau. Grant Thornton Indonesia CEO Johanna Gani said that each province has a unique and promising economic landscape, and offers a variety of investment opportunities in the country. Joanna added that this report also provides an in-depth picture of economic conditions amidst global uncertainty and highlights the promising investment potential in the five leading provinces above. "Even though President Joko Widodo's change of leadership has created a wait-and-see attitude among some investors, Indonesia is still able to attract the interest of foreign investors. "Government infrastructure projects, development of the Indonesian Capital City (IKN) and consistent business-friendly policies," said Johanna in a press conference, Wednesday 27 March 2024. In the report, North Maluku was named as the province with the largest investment interest. The reason is, North Maluku is the largest nickel producer in Indonesia. North Maluku also recorded the fastest growth in Indonesia boasting gross domestic product (GDP) growth of 20.5 percent in 2023 driven by the nickel industry. “Investment in nickel mining and related manufacturing offers access to a rapidly growing market driven by global EV (electric vehicle) demand. Coupled with green initiatives, the market also offers a long-term sustainability commitment,” he explained. Then, Central Sulawesi is also another source of nickel. As the highest recipient of FDI in Indonesia, Central Sulawesi offers attractive opportunities for sustainable growth for investors seeking exposure to Indonesia's dynamic nickel landscape. East Kalimantan, is said to be a province that can offer double profits for investors in 2024. Its economy is strong, driven by mining, manufacturing and natural resources. "Now, transformational IKN projects add unprecedented potential, attracting investment in infrastructure, environmentally friendly technology and others," he said. Meanwhile, West Java, which is the manufacturing center in Indonesia, offers investors a proven track record and extraordinary electric vehicle potential. "West Java has become a major competitor and a manufacturing center accounting for 42.9 percent of GDP. West Java now also has rapidly growing electric vehicle battery production," added Johanna. Finally, Riau offers fertile ground for investors looking for sustainable profits in the agribusiness sector. As the largest CPO producer in the country, producing 20 percent of national production, Riau presents unique opportunities in processing palm oil and downstreaming its derivative products. “This growing sector, as well as a diversified economy in the fields of agriculture and mining. "Riau promises stable growth with projected GDP growth of 4.0-4.8 percent in 2024," he concluded. (*) (SOURCE)

Apr, 01 2024

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