Jakarta, CNBC Indonesia - Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan inaugurated the start of the first phase of production and expansion plans for production facilities for electric vehicle (EV) battery cathode materials based on Lithium Iron Phosphate (LFP) by PT LBM Energi Baru Indonesia, in the Kendal Industrial Area, Central Java. This is the result of a strategic investment partnership between the Indonesia Investment Authority (INA) Consortium and Changzhou Liyuan New Energy Technology Co., Ltd., one of the world's largest LFP producers. This investment is expected to play an important role in meeting global demand for LFP batteries, which is driven by the increasing penetration of electric vehicles (EVs) worldwide. Luhut emphasized the importance of downstream industry as part of President Joko Widodo's (Jokowi) grand vision. According to him, Indonesia can no longer just be an exporter of raw materials. "We must create added value in our own country, build a strong downstream industry, and position ourselves as key players in the global supply chain," said Luhut, quoted from the official statement from the Coordinating Ministry for Maritime Affairs and Fisheries, Tuesday (8/10/2024). This facility is located in the Kendal Industrial Area and is projected to become the largest LFP cathode producer in the world outside China. The planned joint investment is up to US$ 200 million to increase production capacity from 30,000 tons in phase I to 90,000 tons in phase II, which is expected to start in 2025. LFP is one of the two main chemicals in lithium-ion batteries, alongside Nickel Cobalt Manganese (NCM). Known for its cost effectiveness, LFP is well suited for electric vehicles and energy storage systems. Based on Bain's study of the EV1 Battery Ecosystem, global battery demand is expected to grow approximately fourfold between 2023 and 2030, driven by increasing EV adoption, positioning LFP to play a critical role in meeting that demand. By 2030, NCM is projected to represent approximately 50% of lithium-ion battery demand, while LFP is expected to account for approximately 35%, with both expected to remain central to the battery industry's future growth. This strategic partnership focuses on LFP cathode materials that represent the highest added value in the battery value chain, enabling the facility to capitalize on the opportunities presented by this growing market. By 2030, Indonesia is expected to serve an estimated US$ 10 billion market in LFP cathode active materials, thereby making a meaningful contribution to the global transition to clean energy. This investment is also proof of Indonesia's attractiveness as a country for downstream supply chains. "This is not just a factory, but also the foundation of Indonesia's integrated EV ecosystem. Through improving the lithium battery production chain, no less than 3 million electric vehicle units throughout the world will have their lithium battery needs met by industry in Indonesia," he said. Chairman of the INA Board of Directors, Ridha Wirakusumah, stated that the rapid growth in LFP demand, driven by the global shift towards EVs and renewable energy, presents a huge opportunity for Indonesia. According to him, along with the emergence of LFP as one of the main chemicals in battery technology, his party believes that this initiative can help position Indonesia as an important player in the global battery ecosystem. By building strong production capabilities, Indonesia is better prepared to meet the growing demand for LFP cathode materials in the future. "The extensive operational expertise and solid track record of the INA and Changzhou Liyuan consortium are key factors that strengthen this initiative, and bring great potential to increase Indonesia's role in the global battery supply chain," he said. Meanwhile, CEO of Changzhou Liyuan, Shi Junfeng, stated that PT LBM Energi Baru Indonesia is the first cathode producer outside China, where the initial stage of operation is important for increasing supply security in the global new energy supply chain. Apart from that, this cooperation is also another important achievement of comprehensive strategic cooperation between China and Indonesia. Proposed strategic investment in LBM New Energy (AP) Ptd. Ltd. also fully demonstrates INA's foresight and long-term commitment to the global new energy industry. "This project will enable Changzhou Liyuan and INA to achieve closer strategic cooperation. In the future, Changzhou Liyuan will make a meaningful contribution to Indonesia's development and the global new energy industry," he said. (SOURCE)
Oct, 11 2024
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
JAKARTA - This year is an important milestone for Taiwan and Indonesia. Taiwan successfully completed its 8th direct presidential and vice presidential election, laying the foundation for democracy. Constitutional governance is again innovative, and its strong democratic resilience has been highly recognized by the international community. "Indonesia also succeeded in electing a new president peacefully and stably. The new government of the two countries will achieve better substantive cooperation results based on the strong interactions that have existed before," said Head of the Taiwan Representative Office (TETO) John Chen at the "Reception "113th National Day of the Republic of China (Taiwan)" at the Borobudur Hotel, Jakarta on Tuesday evening (8/10/2024). On this occasion, John Chen delivered a speech with the theme: "A Democratic, Peaceful and Prosperous New Taiwan". This grand event was attended by government officials, legislative members, diplomats, the Chinese community, Taiwanese businessmen, intellectuals and media people, totaling more than 800 people. Among them were 8 members of the Indonesian House of Representatives, officials from the embassies of Guatemala, Ukraine, Hungary, the United Arab Emirates, Bosnia, Italy, Finland, Japan, the European Union, Papua New Guinea, the Philippines, India, Malaysia, Jordan and Latvia who also attended the event. In terms of economics and trade, continued John Chen, Taiwan has successfully promoted its "New Southward Policy" for eight years. In the first half of this year, the total trade volume with the 18 New Southbound Policy countries reached USD83.5 billion, or an annual growth rate of 12.43%, and exports reached USD50.2 billion. This is the highest record for the same period in previous years. Currently, Taiwan's total investment in Indonesia is ranked in the top five foreign investments in Indonesia, and has created around 1 million jobs for the Indonesian people. In the future, Taiwanese investment is expected to encourage momentum for regional cooperation with the "Digital New Southbound" policy, which integrating fellow Taiwanese entrepreneurs, providing management technology support, creating service innovation and system integration, to deepen technological ties with Southeast Asian countries. Bilateral relations between Taiwan and Indonesia have become closer in the past year. Indonesia is Taiwan's largest source of migrant workers and Taiwan's second largest source of foreign students. Currently there are 400,000 Indonesian citizens living, working and studying in various regions in Taiwan. Taiwan is honored to be a second home for friends from Indonesia, and we would like to thank the new Indonesian residents for their dedication and efforts in Taiwan. As a responsible member of the international community, Taiwan seeks to join international organizations, and contribute to the world community through various means, deepening global partnerships, using strength and good leadership. With these efforts, Taiwan has received increasing support from the international community. John Chen also mentioned that, recently, partner countries that share the same views as Taiwan, such as the United States, Australia and the European Parliament, firmly support Taiwan, and jointly oppose China's deliberate distortion of the General Assembly Resolution UN 2758, which is incorrectly associated with the "one China principle". The union of democratic nations is the main force to restrain China's expansion. The Taiwanese government thanks all parties for their support for Taiwan and for all their efforts in maintaining peace in the Taiwan Strait. Furthermore, John Chen said that Taiwan will uphold the values of freedom and democracy, and continue to deepen partnerships with Indonesia and countries that have similar ideals, and work together to realize democracy, peace and prosperity. The visual screen displayed on the main stage of this year's National Day reception shows Taiwan at sunrise, the AI wafer board shines like the sun on the main peak of Yushan, combined with famous buildings from north to south, including the Presidential Palace, Taipei 101 and Kaohsiung Pop Music Center. Showcasing Taiwan's inexhaustible vitality and creativity, this design work received praise from the reception guests. This reception also used digital technology to pamper the eyes of the invited guests with the beauty of Taiwan. Attendees can also take photos at the Green Screen back drop which combines photos of Building 101, Taiwan, and post them on social media, which adds even more excitement to the event. The reception also featured various typical Taiwanese snacks, such as Din Tai Fung, Xiao Long Bao, Sunrise Tea, Xingfutang Pearl Milk Tea, Snow Ice and "Golden Malabar", a typical Taiwanese coffee made by Taiwanese entrepreneurs who have lived in Indonesia for a long time. All these dishes make guests feel that Taiwan-Indonesia friendship is getting closer. Apart from that, this event was also enlivened by the well-known Indonesian vocal singer Vera, who sang songs that are popular in China and Indonesia, including My Heart Will Go On, Always on My Mind, Breeze and Drizzle, Green Island Serenade, and others. The melodious melody enchanted the guests, and the reception ended perfectly with an unforgettable song. (SOURCE)
Oct, 11 2024
Borneonews - Jakarta, the President of the Republic of Indonesia, Joko Widodo, is scheduled to visit the Capital City of the Archipelago (IKN) located in East Kalimantan on October 11 2024. This visit aims to witness the ceremonial inauguration of the new State Palace as well as groundbreaking various infrastructure projects in the region the. Information regarding the president's visit was conveyed by the President's Special Staff, Ari Dwipayana, at the Presidential Palace complex in Jakarta. Ari confirmed that during the visit, President Jokowi would inaugurate several important projects including the State Palace. He stated, "There is an agenda for the President to visit IKN on October 11 2024. It seems there will be several inaugurations and groundbreakings, including the State Palace." In the official agenda, President Jokowi will also invite 16 entrepreneurs working in the mining sector to attend. It is hoped that their presence will increase investment interest in IKN. This was emphasized by the Minister of Investment, Rosan Roeslani, after meeting with President Jokowi at the Merdeka Palace. Rosan explained, "God willing, we will review it directly. Later Friday, the plan that was present here will review it directly with IKN. So that it will generate interest in even greater investment." The majority of the 16 entrepreneurs invited came from the coal sector in Kalimantan, and they have formed a consortium. This consortium will focus on investing in projects related to public infrastructure, such as the construction of parks, restaurants and other public facilities related to people's lifestyles. According to Minister Rosan, "They will form a consortium for several ideas for building parks, building communities there, so that communities are formed, lifestyle, restaurants and others." This statement shows a commitment to creating a better environment in IN with investment support from the private sector. (SOURCE)
Oct, 11 2024
Borneonews - Jakarta, Member of the People's Representative Council of the Republic of Indonesia, Habib Idrus Salim Al Jufri, underlined the importance of job creation as the main focus for the new government which will be led by Prabowo and Gibran. He suggested that the government integrate this program in their agenda for the period 2024 to 2029. Habib believes that job creation is very crucial, especially in the context of the high number of layoffs (PHK) and the decline in people's purchasing power that has been seen, marked by deflation that has occurred over the last five months. According to him, the current economic conditions are far from expectations. He noted that the phenomenon of increasing layoffs must be handled seriously. "Job creation is the best solution to reduce unemployment and increase people's income," he said. Based on data from the Ministry of Manpower, during the period January to November 2023; as many as 57,923 people were reported to have experienced layoffs. Most of these layoffs occurred in the Central Java region, followed by DKI Jakarta and Banten Province. In DKI Jakarta, the service sector such as restaurants and cafes experienced the most layoffs, while in Central Java, the sectors most affected were manufacturing, textiles, garments and footwear. In addition, in the period January to August 2024, the number of workers affected by layoffs reached 46,240 people. In response to this, Habib is committed to fighting for the provision of employment opportunities as one of his work programs as a people's representative. "I want to open up as many job opportunities as possible for the community. As a first step, we will focus on my electoral district, Banten III (Greater Tangerang)," he stressed. Furthermore, Habib also called on the new government to pay more attention to Micro, Small and Medium Enterprises (MSMEs), which are considered to have a major contribution to the national economy. He explained that MSMEs absorb around 97 percent of Indonesia's total workforce. In addition, MSMEs account for around 60.4 percent of total investment and contribute 61 percent to Indonesia's Gross Domestic Income (GDP). "Therefore, it is very important to prioritize MSMEs in every future economic policy and program," concluded Habib. (SOURCE)
Oct, 10 2024
INILAHKORAN, Bogor - The Bogor City DPRD together with the Bogor City Government have adopted a Draft Regional Regulation (Raperda) concerning Providing Incentives and Ease of Investment to become a (Regional Regulation). Spokesperson for the Regional Regulation Formation Agency (Bapemperda) of the Bogor City DPRD, Eka Wardhana, said that the Draft Regional Regulation on Providing Incentives and Ease of Investment had received facilitation from the Regional Secretariat of West Java Province and made improvements in terms of consideration, weighing, legal basis and body in accordance with the latest statutory provisions. "This draft regional regulation is intended to create legal certainty and as a guideline in providing incentives and ease of investment to increase investment and equitable development in the region. We hope that with this draft regional regulation, economic growth in the city of Bogor can increase accompanied by the creation of new jobs," said Eka to journalists on Thursday 10 October 2024. Meanwhile, the Chairman of the Bogor City DPRD, Adityawarman Adil, took the decision to enact the Draft Regional Regulation on Providing Incentives and Ease of Investment into a Regional Regulation based on the approval of all members of the Bogor City DPRD. "We ask the Bogor City Government to immediately formalize and prepare a Perwali as a technical guideline for implementing the Regional Regulation," he explained. Separately, Acting Mayor of Bogor Hery Antasari expressed his thanks to the leadership and members of the DPRD who had discussed and approved the Draft Regional Regulation on Providing Incentives and Ease of Investment. Hery continued, it is hoped that the presence of this Regional Regulation will provide legal certainty and serve as a guideline in providing incentives and ease of investment in the Bogor City area and that the regional government can prioritize the provision of incentives and/or the provision of ease of investment for certain types of business or certain activities, such as micro businesses and cooperatives. . "This draft regional regulation is expected to create attraction or stimulate more investors to invest in the city of Bogor in order to create a competitive investment climate, increase access and economic capabilities," he concluded. (SOURCE)
Oct, 10 2024
JABAR EKSPRES – General Chairman of the Executive Board of the Indonesian Athletics Association (PB PASI) who is also the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut Binsar Pandjaitan, inaugurated the new athletic training center in Banjarsari Village, Pangalengan District, Bandung Regency, Thursday (10 /10/2024). Present at the event were the Minister of Youth and Sports (Menpora) Dito Ariotedjo, the Acting (Pj) Governor of West Java Bey Machmudin, and the West Java Regional Police Chief Inspector General Pol Akhmad Wiyagus as well as several related stakeholders. This facility was built on 10 hectares of land in collaboration with BUMN and various other parties, and is intended as a training facility for national athletes with the aim of producing world-class athletes. According to Luhut, the establishment of this athletic facility has been a dream of PB PASI for decades, because they often use the Madya Stadium as a training ground. “Yes, I think this is PB Pasi's dream for decades. So, we have been depending on training at the Madya Stadium. "Moreover, the air pollution is very bad there," he said when met. According to him, this development plan was carried out three years ago and was even approved by President Jokowi. "And the President agrees, President Jokowi. We will do this, we got 10 hectares of this land from BUMN too," he said. Luhut added that the construction of this training was carried out at an international standard, from stadiums to training grounds. “I think the standards are international standards. There are 90 people from national housing for rooms for athletes. The gym is also good, there is hot water, the kitchen is also very good. "There is also a place to wash clothes, use coins, the water is also good," he said. This training center is also planned as a competition venue which can function as a "training center" for national athletes. According to Luhut, quality training facilities and housing are the keys to developing athletes who are able to excel. “Good athletes are born from good training and facilities too. The hostel must have hot water, good food, a good place to rest. We must appreciate those who excel and give bonuses. "Don't let our athletes die of cold," stressed Luhut. Luhut also considers that Pangalengan is an ideal location for athletics because it has fresh air and a supportive atmosphere, different from big cities which are full of activity. He called West Java a repository for potential athletes and hoped that this training center would become the birthplace of world-class athletes. "West Java is a warehouse for athletes, there is no reason we cannot create world-class athletes," he said. Based on field observations, the training center facilities in Pangalengan are projected to be able to accommodate up to 100 athletes and are equipped with facilities and infrastructure for all athletics events such as an 8 track running track, 100 meter extra sprint track, long and triple jump, javelin throw. Apart from that, there are also steeplech tracks, discus throw, hammer throw, pole vault, shot put, high jump, hill run facilities and spectator stands. There are even several other supporting facilities also prepared, such as a gym, athlete changing rooms, classrooms, dormitory buildings and large vehicle parking. (SOURCE)
Oct, 10 2024
DESKJABAR – At the Bandung Regency Investment Summit (BRIS) 2024, there was a desire to have a cable car construction project in Bandung Regency. It seems that the desire for a cable car in Bandung Regency will be installed in a mountainous area connecting certain locations. This picture emerged at BRIS 2024, as mentioned by the Coordinator of Investment Potential and Promotion in West Java, Karina Rachmadiani Hendrawan, Monday, October 7 2024. The cable car planned for Bandung Regency is closely related to tourism investment in the district. Moreover, Bandung Regency has a mountainous location, such as the Pangalengan District area. BRIS 2024 was attended by the Acting Regent of Bandung, Dikky Achmad Sidik, and the Head of the West Java Province Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, a number of companies, plantation farmer groups, business organizations, etc. BRIS 2024 predominantly discusses investment in agriculture and tourism in Bandung Regency. This is because Bandung Regency has natural potential that can interconnect tourism and agriculture. It's just that, said Karina Racmadiani, so far there are no interested investors in the cable car project in Bandung Regency. It also still needs to be explored which locations are suitable for establishing cable car services in Bandung Regency. Regarding the cable car in Bandung Regency, there are historical records from the Dutch colonial era, you can see it on YouTube Kodar So, click here. Meanwhile, the Head of West Java Province DPMPTSP, Nining Yulistiani, discussed the offer of agricultural investment in Bandung Regency, the principle of which must be mutually beneficial between investors. with farmers. The most potential agricultural investment in Bandung Regency is food commodities. "In addition to investors having to make a profit, farmers who become partners must also change from low income to good income. "Bandung Regency has great potential to become a food agribusiness force in West Java," said Nining. Acting Regent of Bandung, Dikky Achmad Sidik, said that Bandung Regency has a conducive investment climate with various conveniences on offer. Bandung Regency has the convenience of health insurance, also prioritizes service, and investment licensing is easier and more transparent. Regarding why Bandung Regency is considered good for agricultural investment and tourism, apart from its nature, it is also located very close to Bandung City as the capital of West Java Province. (SOURCE)
Oct, 10 2024
INDUSTRY.co.id - Kendal - PT LBM Energi Baru Indonesia officially operates in Indonesia, precisely in the Kendal Special Economic Zone, Central Java. This factory is the result of collaboration between PT LBM Energi Baru Indonesia and the Indonesia Investment Authority and BRV Capital Management from South Korea. The increasing need for the most important component in the electric car ecosystem, namely LFP (Lithium Ferro-Phosphate), is the driving factor for the construction of LBM's Lithium Cathode material factory. This inauguration started the operation of the first phase of the PT LBM Energi Baru Indonesia factory. After this, LBM will complete their second phase at the end of 2025. The total investment disbursed by LBM reached USD 350 million, divided into phase-1 of USD 100 million and phase-2 of USD 250 million. Total LBM production in the first phase will reach 30,000 tons, while the second phase is targeted to reach 90,000 tons per year. Thus, LBM is targeted to become the second largest LFP cathode producer in the world after China with a total production capacity of 120,000 tons per year. The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, was also present at the inauguration event today. According to him, current ilization is not just words, but a big strategy to accelerate Indonesia's progress, especially in sectors that will dominate the future, such as the electric vehicle (EV) ecosystem. "With the establishment of this factory, it is hoped that it can play an important role in meeting global demand for LFP batteries, which is driven by the increasing penetration of electric vehicles (EVs) throughout the world." said Coordinating Minister Luhut at the inauguration of the PT LBM Energi Baru Indonesia factory at KEK Kendal, Tuesday (8/10/2024). With superior performance and stable quality, LBM can supply its products to various world-leading lithium battery manufacturers such as LGES, CATL, Sunwoda Electronic, Rept Battero, and Jiddan New Energy Technology. And has won the trust of car manufacturers such as Geely, GAC, Wuling and Li Auto. Then, through exports aimed at various countries such as America, Europe, Japan and Korea, PT LBM Energi Baru Indonesia's revenue is targeted to reach USD 1.2 billion per year. "In addition to addressing the need for LFP, the presence of this factory is also expected to increase Indonesia's foreign exchange, create 2,130 jobs with 90% local workforce, as well as support Indonesia's role in the Global LFP battery value chain, and become a global player in the electric vehicle ecosystem" said Shi Jun Feng as CEO & President Director of LBM. LBM has a vision to strengthen economic resilience and encourage clean energy solutions in Indonesia. On the other hand, Indonesia is also committed to creating a healthy investment climate that provides benefits and comfort for investors. Juliani Kusumaningrum as Head of Sales Marketing in the Kendal Special Economic Zone, explained that LBM will receive several incentives from the investments they make. "With the registration of PT LBM Energi Baru Indonesia as a business actor in the Kendal SEZ, there are several tax facilities such as reductions in corporate income tax in the form of tax holidays or tax allowances, exemptions from VAT, import duties and import taxes that LBM can enjoy. "Apart from that, there is a fully funded facility in the form of workforce recruitment, namely the Link & Match program which can be used by LBMs to get trained workers that suit their needs." Juliani said. (SOURCE)
Oct, 10 2024
Jakarta, 4 October 2024 - PT Telkom Indonesia (Persero) Tbk (Telkom) distributed clean water and proper sanitation assistance to 17 provinces in 53 locations throughout Indonesia. Among them are the provinces of East Java, West Java, Central Java, DKI Jakarta, Banten, North Sumatra, Lampung and Riau. Not only that, the provinces of Riau Islands, South Sumatra, Aceh, Jambi, D. I. Yogyakarta, Bali, East Kalimantan, Southeast Sulawesi and South Sulawesi also received benefits. Clean water and proper sanitation are basic human needs. One of the points in the Sustainable Development Goals (TPB) in the environmental sector is to ensure that people can easily achieve access to drinking water and adequate sanitation. Quoting data from the PUPR Ministry, it is stated that in 2022, there will be 35.3 million people in Indonesia who will not have access to clean and adequate water. The majority of people who do not have access to clean and adequate water live in rural areas. This aid distribution activity has been carried out throughout 2024 and is estimated to have provided benefits to thousands of heads of families throughout Indonesia. The clean water and proper sanitation aid distribution program is part of Telkom's Environmental Social Responsibility (TJSL). This program also implements the Government's target in the National Medium Term Development Plan (RPJMN), to realize 90% access to adequate sanitation, as well as providing 100% access to adequate drinking water, and 15% access to safe drinking water by 2024. Senior General Manager of the Social Responsibility Center Telkom Hery Susanto said, "In supporting the agenda for achieving Sustainable Development by 2030, Telkom is committed to supporting improving the quality of life of the Indonesian people. One of them is implemented by fulfilling the community's clean water and sanitation needs. "It is hoped that this program can provide sustainable benefits, especially for communities in rural areas." On another occasion, Mr Andri as the beneficiary representative expressed his appreciation for this program, "Thank you Telkom Indonesia for this assistance program. I and other village residents are very grateful and feel very helped. Now, we no longer have difficulty accessing clean water.” Telkom is committed to improving the quality of life of the community through the distribution of clean water and proper sanitation assistance. It is also hoped that this program can be implemented sustainably and on target, especially in 3T (Disadvantaged, Frontier, Outermost) areas. This program is also in line with Sustainable Development Goals point 6, namely ensuring the availability and sustainable management of clean water and sanitation for all. (SOURCE)
Oct, 10 2024
TRIBUNJABAR.ID, BANDUNG - Investing in renewable energy is not only a step towards sustainability, but is also a promising business opportunity. With the right policy support and technological innovation, this sector has the potential to grow significantly and make a major contribution to climate change mitigation and job creation. The decision to invest in renewable energy is a step towards a greener and more sustainable future. Renewable energy is one of the main focuses at the Bandung Regency Investment Summit 2024. Regional Assistant 2 for Economic Development of Bandung Regency, Kawalludin, assessed that meeting business people to invest is a real step to target the renewable energy sector, as well as other sectors. "This renewable energy has multiple benefits, if the use of new and renewable energy increases, the level of pollution caused by fossil energy will automatically decrease," he said, when met at the Grand Sunshine Resort & Convention, Tuesday (8/10/ 2024). He said renewable energy could replace fossil energy and be a form of effort to improve environmental problems. “This new and renewable energy provides various other environmental solutions. "For example, if we can build a waste PLTS, a power plant from waste power, this heat can generate electricity," he said. Furthermore, Kawalludin gave the example that KOHE (animal waste) can be used as electrical energy. "Through biogas it can be converted into electricity and there are several points where this is already underway, from animal waste using the biologicaster process to produce gas. "Finally we can turn on the lights," he said. In short, the new and renewable energy sector in West Java, especially Bandung Regency, has the opportunity to attract investors. "Hopefully with this meeting, investment in the development of new and renewable energy in Bandung Regency can be accelerated, there will be quite a significant increase, because the opportunities have been met," he explained. In the future, he said, Bandung Regency's economic growth will come from new and renewable energy. "All regional governments, especially Bandung Regency, are very supportive. "This is an illustration that the Bandung Regency Regional Government is opening up opportunities as widely as possible in a transparent manner, perhaps investment opportunities, especially in the new and renewable energy sector," he said. Renewable energy investment is increasingly becoming a global focus as awareness of climate change and the need to reduce dependence on fossil fuels increases. Renewable energies, such as solar, wind and biomass, offer cleaner and more sustainable solutions to meet the world's energy needs. Despite the potential for large profits, renewable energy investments also face several challenges, such as high initial capital, intermittency, and regulations that affect the sustainability of the investment. Nevertheless, investment in local energy sources can reduce dependence on fuel imports, increasing a country's energy security. (SOURCE)
Oct, 09 2024
TRIBUNJABAR.ID, BANDUNG - The matching business of business actors in Bandung Regency at the Bandung Regency Investment Summit 2024 continues to be discussed in order to be able to attract investors from abroad and within the country. Throughout 2024, the investment target in Bandung Regency will reach 8.9 trillion. Various sectors ranging from agriculture, tourism to renewable energy to advance investment sustainability. The Acting Regent of Bandung, Dikky Achmad Sidik, said that the Bandung Regency Investment Summit 2024 was one of the Bandung Regency Government's strategies to attract investors. "In terms of existing data, Bandung Regency is in the seventh position for realization in West Java. "There is an increase and we must continue to develop the existing potential," he said, at the Grand Sunshine Resort & Convention, Monday (7/10/2024). He said that Bandung Regency's advantages from abundant natural resources, including the tourism sector, have increased rapidly in recent years. "This opportunity needs to be pushed strategically so that it develops further and is expected to have an impact on community economic activities," he said. Dikky said, even though he is currently faced with the 2024 regional elections, his party is optimistic that investment realization in Bandung Regency can increase. Apart from that, his party is encouraging investment sectors to continue to be added, for example the manufacturing sector. "We will refer to spatial planning, and manufacturing activities need to be developed in special areas so that they can focus on industry. "Even though some already exist, they will still be encouraged and don't forget that this industry is not only capital intensive, but also labor intensive to attract workers," he explained. In the same place, Chairman of the Bandung Regency DPRD, Renie Rahayu Fauzi, said that in the near future he would create a new policy so that investors from outside and inside would target Bandung Regency. “Hopefully it can continue, okay? Because of the great opportunities in terms of tourism, the investment challenges here in terms of infrastructure, in some areas are already good and supportive. "Hopefully there will be new policies with the new regent and tourism here will develop and increase interest in investing," explained Renie. (SOURCE)
Oct, 09 2024
Jakarta (ANTARA) - An international class joint Indonesia-China research laboratory for New Energy Materials and Metallurgical Engineering Technology resulting from a collaboration between the Bandung Institute of Technology (ITB), GEM and Central South University (CSU) is ready to operate in Bandung, West Java. In an official statement received by ANTARA on Friday, this laboratory will have two experimental engineering research centers (Hydrometallurgical Engineering Technology Research Center and New Energy Materials Engineering Technology Research Center) plus 12 research laboratories with a total investment of up to 30 million US dollars or the equivalent of IDR 464.1 billion. "Through this joint laboratory collaboration, the Bandung Institute of Technology will become a center of excellence in education, research and development, as well as innovation in the field of circular economy and sustainable development, as well as becoming a center of excellence in the Province of West Java and Indonesia," said the Chancellor of the Bandung Institute of Technology (ITB ) Reini Wirahadikusumah. To top it all off, this laboratory is also equipped with more than 300 sets of the world's latest generation equipment, and is the world's first level engineering testing and research center for metallurgical technology and new energy materials research. With the presence of various advanced technologies in this laboratory, various companies will be able to effectively complete key technological research from the entire industrial chain of mineral resource extraction, synthesis of new energy materials, resource recycling and environmental management, and have the conditions and capabilities to cultivate students high-level master's and doctoral programs.The Coordinating Minister for Maritime Affairs and Investment who also acts as Chair of Indonesia's Cooperation with China, Luhut Binsar Pandjaitan, explained that this facility is important for building cooperation between Indonesia and China in building sustainable industry."The establishment of this joint laboratory comes at the right time and is an important practice to realize discussions between the Indonesian and Chinese governments, in strengthening industrial talent cooperation between China and Indonesia's main partners, which is very important for improving the quality of human resources and innovative research," he said. He also said that this facility, which has sophisticated equipment, could be used to produce outstanding figures who are committed to the welfare of Indonesian society through providing employment opportunities."It is hoped that in the near future, Indonesia will see the emergence of figures such as Professor Xu Kaihua, who are not only committed to research and innovation, but also to business success and improving the welfare of the Indonesian people through providing employment opportunities," he said.For information, the China-Indonesia joint research laboratory, which carries the Bandung spirit of "Unity, Friendship and Cooperation" as well as the principles of the "Belt and Road" Initiative, aims to become a flagship project for China-Indonesia technological cooperation and cultural exchange.In addition, the presence of this facility is also expected to be at the forefront of the Belt and Road 2.0 model, and contribute a brilliant new chapter to the global community for a shared future through the international expansion of Chinese companies. (SOURCE)
Oct, 09 2024
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
jabar.jpnn.com, BANDUNG CITY - Bank Indonesia is optimistic that West Java's economic growth will still be on 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 economic sectors. 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 as growing by 4.95% (year on year/yoy), higher than the previous quarter which grew 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 Muslimin, quoted on Tuesday (8/10 /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. Bank Indonesia 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 popular with investors, with Japan, South Korea and Singapore as the main investor countries. Muslimin explained that digitalization and infrastructure are also the keys to encouraging West Java's economy to continue to grow and develop. "Digitalization has created huge opportunities for economic growth. "Currently, West Java has the most QRIS users nationally, which shows that digital transformation is underway," said Muslimin. In August 2024, there will be more than 11 million QRIS users in West Java. Meanwhile, the number of registered merchants will reach 7.3 million, the majority of which come from 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 northern and southern regions 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 Muslimin, 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 said. 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, 08 2024
Get in touch with us by filling out the form. Whether you expanding your business to West Java or buying goods from West Java, our team is ready to assist you every step of the way.
Online and Offline 
Ind
Eng
