KOMPAS.com - The Bandung Regency Government (Pemkab) officially opened the 2024 Bandung Regency Investment Summit (BRIS) which focuses on the agricultural and tourism sectors at the Grand Sunshine Resort Hotel and Convention Soreang, Monday (7/10/2024). The event carried the theme "Moving Forward Investment Sustainability" and was organized by the Bandung Regency One Stop Integrated Services Investment Service (DPMPTSP). Acting Bandung Regent Dikky Achmad Sidik said that BRIS 2024 is a form of joint commitment to encourage economic growth through increasing investment in the region. "BRIS 2024 is a strategic platform to build synergy between government, business actors and society. This is an opportunity for us to innovate in creating new sustainable investment opportunities," he said in a press release received by Kompas.com, Monday (7/10/ 2024). Dikky explained that BRIS 2024 activities include a comprehensive series of events, ranging from information dissemination, appreciation for investment players, to seminars and business meetings. "This event is not only a forum for exchanging ideas, but also shows our commitment to creating a more conducive and inclusive investment climate," he said. Dikky revealed that Bandung Regency has shown significant progress in terms of investment in recent years. However, he emphasized the importance of not becoming complacent. "Through BRIS 2024, we hope to encourage higher investment growth, accelerate investment realization, and deepen strategic sectors. (That way) regional development targets can be achieved optimally," said Dikky. Furthermore, he revealed that the BRIS 2024 activities were an assignment from the Ministry of Home Affairs (Kemendagri) to the Bandung Regency Government. In this case, it was carried out by the Bandung Regency One Stop Integrated Services Investment Service. "This assignment is because the Bandung Regency area is known as one of the leading investment areas in West Java Province (Jabar) and Indonesia," said Dikky. In 2023, total investment, both foreign and domestic, in Bandung Regency will reach IDR 8.1 trillion. This achievement places Bandung Regency in seventh place in investment realization in 27 districts and cities in West Java Province. "To further strengthen the achievement of investment realization, the Bandung Regency Government is expected to collaboratively carry out various strategies and policies," added Dikky. He emphasized that these steps were in line with the medium-term investment realization target in West Java Province which was set at IDR 285.89 trillion for the 2025-2029 period. Dikky explained that plans to increase investment in West Java for the medium term will focus on increasing investment and ease of doing business, as well as creating links and matches between large industries and small and medium industries (IKM). BRIS 2024 will be filled with various activities, including pre-BRIS 2024 seminars and the Bandung Regency Investment Award (BRIA) 2024. The peak event will be a business meeting and Investor Dialogue Forum. According to Dikky, Bandung Regency has a conducive investment climate with various ease of doing business. "We have simplified the licensing process through an online system, made it easier to process business permits, and prepared strong legal protection for investors," he said. The government, continued Dikky, is also committed to continuing to improve supporting infrastructure, including digital infrastructure, to support business activities in Bandung Regency. "Bandung Regency's strategic position, which is close to economic centers such as Bandung City and Jakarta, makes it attractive for investors," he said. With all the potential and advantages it has, Dikky is confident that Bandung Regency will be the main choice for investors who want to develop businesses in Indonesia. "We are very open to working with investors and are committed to providing full support so that investment can run smoothly and have a positive impact on the community's economy," he said. "Through this event, we hope to be able to map existing opportunities and challenges and formulate the best strategy to maximize investment potential in Bandung Regency," continued Dikky. (SOURCE)
Oct, 08 2024
PR GARUT - Head of the Sukabumi City Public Works and Spatial Planning Service (DPUTR), Sony Hermanto, stated that there are two important aspects that are interrelated, namely the provision of Green Open Space (RTH) and agricultural areas. However, with the completion of the Bocimi toll road construction in the future, it is estimated that the investment climate in Sukabumi City will further improve along with the increasing number of investors interested in investing in the area. Sony explained that the Detailed Spatial Planning (RDTR) activity aims to accommodate various interests, including maintaining a balance between improving the investment climate and other aspects that are important for society. "Currently, we are accommodating the aspirations of all stakeholders, including elements of the community and students, so that they can be accommodated in the preparation of the second phase of the RDTR," said Sony. He added that the expected investment in Sukabumi City is more likely to be in the service and trade sectors, such as the construction of hotels or other facilities that support the service industry. "The city of Sukabumi is very dependent on the service and trade sectors, so we have to support the development of investment in this sector. However, if it is hit by regulations that hinder it, of course this will be a challenge in itself," he explained. Sony hopes that the efforts made through RDTR and support for the investment climate can accelerate economic growth in Sukabumi City, as well as have a positive impact on the city's future development. (SOURCE)
Oct, 08 2024
INDUSTRY.co.id - Jakarta - General Chair of the Industrial Area Association (HKI), Sanny Iskandar is optimistic that Indonesia still has quite good potential for investment, although currently foreign investors are a little wary because this year is a political year. The statement by the General Chair of HKI was in response to widespread news that currently a lot of investment is coming to Malaysia. "We will wait until November. Currently, Indonesia is facing a leadership transition which positions us at the crossroads of economic transformation. So investors are in a wait and see position," explained Sanny in his official statement in Jakarta (4/10). "Of course we remain optimistic that after the inauguration and new cabinet, future investment can move," he added. Sanny explained that the industrial area sector, which has been in existence for 50 years, has been able to become the main driver of the economy and a breakthrough regional development model in encouraging the acceleration of inclusive economic growth, where the development of this area is also able to encourage downstreaming, generate added value, increase investment, create fields. work, as well as opening up business opportunities in Indonesia. Sanny gave an example, citing data from the April 2024 Investment Activity Report (LKPM) from the Ministry of Investment, which noted that West Java Province was still ranked first in terms of investment realization of IDR 64.7 trillion. "West Java is home to more than 30 industrial areas and realizes many manufacturing industries in the automotive, electronics, data center and other sectors," he explained. Another example is the Riau Islands (Batam, Bintan and Karimun) which is a region with 18 industrial areas, where currently the development of the area there is leading not only to manufacturing in general but also to green industrial businesses with high technology and better energy utilization. . Quoting data from the Central Statistics Agency (BPS), the economy of the Riau Islands grew 4.90 percent in the second quarter - 2024 (year-on-year). Meanwhile, in terms of the business sector, growth in the third quarter - 2024 was driven by the processing industry category which had a growth share of 5.16 percent. However, Sanny believes that there are still many challenges that must be faced, ranging from trade wars, technological changes, to the need to continue to improve the quality of human resources. Based on HKI data, currently there are 117 industrial areas in Indonesia spread across 24 provinces. According to Sanny, industrial areas are government agents in bringing in investment. Sanny believes that Indonesia still has to improve, especially in terms of simplifying business licensing. Even though he is currently using a Risk Based Approached (RBA) OSS system, he sees that there are still many obstacles to licensing completion that occur in the field. "For example, basic things related to the Detailed Spatial Planning Plan (RDTR) must be connected to the system, which is currently still being worked on because in many regions the process of changing regional regulations is in progress," said Sanny. Another challenge is related to guaranteeing legal certainty which also requires synchronization and harmonization between the central and regional governments. Furthermore, regarding the development of basic infrastructure, there is still much that is inadequate with policies that are not pro-investment. "For example, the availability of raw water sources for industrial activities. Currently, in the West Java area it is very limited even though there are a lot of industries there and need raw water sources," said Sanny. Another challenge is the availability and price of industrial gas which is still an issue. Sanny believes that the Certain Natural Gas Price (HGBT) policy needs to be expanded to the industrial sector, which is currently only being enjoyed by 7 industrial sectors. "Furthermore, for holders of Natural Gas Supply Business Entities (BUPTL), industrial gas prices need to be made competitive," he explained. What is not even important is related to security disturbances that are still occurring. "For example, the existence of economic waste owned by a certain company has become a trigger for demonstrations in industrial areas. Issues from the aspect of security and order can have a significant impact on the investment climate," stressed Sanny. Apart from that, he continued, policies are needed that encourage a more attractive investment climate and the development of competent human resources. According to Sanny, investors will invest if a country or region has attractiveness both from a fiscal and non-fiscal perspective, so breakthroughs need to be made through various attractive incentives. "The formulation of this matter can involve business actors in its preparation so that it is more targeted," he concluded. (SOURCE)
Oct, 07 2024
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
The government is currently making adjustments to more flexible upstream oil and gas (oil and gas) investment regulations. This initiative is expected to provide easy benefits for Cooperation Contract Contractors (KKKS) in running oil and gas businesses in Indonesia. They were even offered a new gross split scheme which was simpler and more feasible. This regulation is contained in the Minister of Energy and Mineral Resources (MEMR) Regulation Number 13 of 2020 and the Decree of the Minister of Energy and Mineral Resources Number 230.K/MG.01.MEM/2024. The essence of improving the gross split profit sharing scheme is to provide guaranteed profit sharing of around 75-95 percent for contractors, make Non-Conventional Oil and Gas Work Areas (WK) more attractive, simplify parameters, and provide more flexible (agile) options to contractors. "This simplification is not only to encourage a new gross split, but also the government provides flexibility for contractors to choose the type of contract according to the contractor's convenience. Please allow contractors who want to move to Cost Recovery from the previous Gross Split or vice versa," said the Director of Upstream Oil and Gas Development. Ministry of Energy and Mineral Resources Ariana Soemanto in Jakarta, Saturday (5/10). The implementation of this policy, continued Ariana, applies to contracts signed after Ministerial Regulation Number 13 of 2024 regarding Gross Split Production Sharing Contracts. Meanwhile, existing oil and gas contractors whose contracts were signed before the Ministerial Regulation was issued can switch to a new gross split contract with several notes. First, the old gross split scheme contracts for MNK, including coal methane gas and shale oil/gas, can switch to the new gross split scheme. "This is like the MNK Coal Methane Gas project in Tanjung Enim. It will soon switch to a new gross split so that it can run because the economics are improving," explained Ariana. Second, the cost recovery scheme contract can switch to a new gross split scheme, as long as it is still in the exploration stage and has not received approval for the first plan of development (POD-I) from the Government. "As for old or existing gross split scheme contracts that are already in the production stage, they cannot be changed to the new gross split scheme, but can be changed to cost recovery scheme contracts," said Ariana. To date, there are at least five contractors/blocks who have expressed interest in using the new gross split scheme, in accordance with the Regulations and Decree of the Minister of Energy and Mineral Resources. "Who and which blocks, we should wait for the formalities later. Of course, it's up to the contractor to choose which contract scheme suits each contractor's risk profile. What's important is that we improve the investment climate to make it more attractive, to encourage the discovery of oil and gas reserves and production in the future ," said Ariana. As is known, the Ministry of Energy and Mineral Resources has just issued Minister of Energy and Mineral Resources Regulation Number 13 of 2024 concerning Gross Split Production Sharing Contracts which was signed on August 12 2026. This Ministerial Regulation replaces Minister of Energy and Mineral Resources Regulation Number 8 of 2017 concerning Gross Split Production Sharing Contracts which has been adjusted several times. Apart from that, Decree of the Minister of Energy and Mineral Resources has also been stipulated Number 230.K/MG.01.MEM.M/2024 concerning Implementation Guidelines and Components of Gross Split Production Sharing Contracts. "The government will always try to fulfill stakeholder input while maintaining the interests of the state," concluded Ariana. (NA) (SOURCE)
Oct, 07 2024
PORTALJABAR, BANDUNG CITY - The National Council for Special Economic Zones (SEZ) has approved the proposal for the creation of six new SEZs and the expansion of the Nongsa SEZ in Batam. The two new SEZs are in West Java, namely the Subang SEZ and the Patimban SEZ. The West Java Provincial Government is optimistic that the presence of the Subang SEZ and the Patimban SEZ can encourage economic growth, especially in the Ciayumajakuning area. Acting (Acting) Governor of West Java Bey Machmudin said that his party continues to encourage the acceleration of development in the region through the development of two KEKs which have been approved by the KEK National Council. "We hope that in the future, with the addition of these two new SEZs, they will become centers of innovation, industry and technology, which will increase the competitiveness of the provincial economy and attract national and global investment," said Bey, Thursday (3/10/2024). According to Bey, the West Java Provincial Government is waiting for the Central Government to determine the Subang and Patimban SEZs through a Government Regulation. "Discussions are currently being intensified at the Ministry of Economy and the KEK National Council in Jakarta," he said. These two SEZs are currently becoming investment magnets, especially in the Ciayumajakuning area. From West Java DPMPTSP records, during the period 2021 to Semester I - 2024 the total investment realization in Ciayumajakuning, especially Subang, has reached IDR 16.3 trillion. The Patimban SEZ is in Subang Regency. The SEZ which was designed as a manufacturing SEZ was proposed by PT Wahana Mitra Semesta with business activities in the downstream processing of petrochemicals, EV batteries and semiconductors, logistics and distribution, as well as energy development. The Patimban SEZ is proposed with a land area of 511 hectares with a total investment realization of IDR 141.6 trillion in 2054 with a target workforce of 156,154 people.The Subang KEK was proposed by PT Aneka Bumi Cipta as the fourth proposed SEZ with a target of investment realization for the Subang KEK of IDR 134.59 trillion with a land area of 481.93 hectares. The Subang SEZ has business activities in the production and processing of electric car assembly and logistics and distribution. PT BYD Auto Indonesia, which operates in the electric car sector, is the anchor investor in the Subang SEZ. It is targeted to absorb a workforce of 95,139 people. (SOURCE)
Oct, 07 2024
TRIBUNJABAR.ID, BANDUNG - Global geopolitical challenges and declining purchasing power are the main concerns by encouraging the investment, export and digitalization sectors. Bank Indonesia is optimistic that West Java's economic growth will still meet the target in the range of 4.6 percent to 5.4% in 2024. 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 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 event Journalist Competition, Friday (4/10/2024) Anwar explained that 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, Bank Indonesia is optimistic that the policies implemented, such as industrial downstreaming and accelerated digitalization, will have a positive impact on the West Java economy. 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. 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. 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 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. (SOURCE)
Oct, 07 2024
Jakarta, Sawit Indonesia – Indonesia again participated in the 21st China – ASEAN Expo (CAEXPO) which was held at the Nanning International Convention and Exhibition Center (NICEC), Nanning, China on 24 – 28 September 2024. At this annual exhibition, Indonesia managed to record potential transaction of IDR 479 billion. The products that are most in demand include palm oil, coconut, cloves, coffee, tropical fruit, handicrafts, instant noodles and processed foods. “We are proud of the transaction results that have been achieved. These results are clear evidence of the great potential that Indonesian products have. "We hope that the results of this exhibition can encourage increased exports and strengthen the competitiveness of local products in international markets, especially China," said the Director General of National Export Development at the Indonesian Ministry of Trade, Mardyana Listyowati. At this CAEXPO, Indonesia presented three pavilions, namely the Commodity Pavilion, the National Pavilion and the ASEAN High Tech Pavilion. The Commodity Pavilion featured 51 participants who participated, either independently or facilitated by the central, regional government or State-Owned Enterprises (BUMN). Meanwhile, the National Pavilion is managed by the Palm Oil Plantation Fund Management Agency (BPDPKS) to promote the potential of palm oil and its derivatives. Meanwhile, the ASEAN High Tech Pavilion specifically displays electric car products produced by Wuling Indonesia. This pavilion aims to depict Indonesia as a country that is friendly to foreign investment and capable of contributing to the global supply chain. At this year's CAEXPO, Indonesia succeeded in winning seven prestigious awards. These awards are Best Trade and Economic Outcomes, Best National Pavilion, Best Promotion on Investment Cooperation, Best Industry Organizer, CAEXPO Silver Award for the company PT Surabaya Indah Permai, CAEXPO Excellent Design Award for the company CV Pitoyo Indo Furniture, and CAEXPO Popularity Award for the company PT Rahayu Alam Arto (Negrikoe Coffee). "The CAEXPO 2024 exhibition not only opens up new cooperation opportunities, but also provides an opportunity for Indonesian business actors to interact with the huge Chinese market. "With these encouraging results, Indonesia is increasingly optimistic about strengthening its position in the international market, especially in China and ASEAN," added Mardyana. Director of Primary Product Export Development at the Ministry of Trade RIMiftah Farid added, apart from CAEXPO 2024, Indonesia is present in various forums to strengthen trade and investment relations. Some of them are the China's Green Value Chain Dialogue and the China – Indonesia Trade and Investment Conference at the Grand Metro Park Hotel, Nanning, China. These two forums are part of a series of activities for the China – ASEAN Business and Investment Summit (CABIS) 2024 and Indonesia – China Investment Forum. On the sidelines of the exhibition, Indonesia also held a bilateral meeting with representatives of Guangxi Province and attended the RCEP High Level Dialogue forum. These two events were held at the Shangri-La Hotel, Nanning, China. "Participation in CAEXPO 2024, which is combined with meetings at various international forums, is a strategic and effective forum for promoting products and investment in Indonesia," added Miftah. (SOURCE)
Oct, 07 2024
Batang, Central Java (ANTARA) - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani inaugurated the factory of the Dutch pipe company, namely Wavin, in the Batang Integrated Industrial Area (KIT), Central Java, with a total investment value of IDR 825 billion. "So the investment is approximately IDR 825 billion, and in terms of labor, 170 workers are absorbed, because they use high technology," said Minister Rosan in Batang, Central Java, Thursday. He also said that Wavin is a global leading company engaged in the production of polyvinyl chloride (PVC), so that the presence of a production factory in Indonesia will have a positive impact on the advancement of the national economy. He reasoned that this was because the pipes from the Wavin factory in Batang were oriented for export to the Southeast Asian (ASEAN), Australia and New Zealand markets. Furthermore, Rosan said that the inauguration of the factory is expected to be the first step for Wavin's parent, Orbia, to invest in other sectors in Indonesia, considering that the company has a market value (share value) of 8 billion US dollars. "So we hope for investments like this in the future, and what we can also be proud of is that this investment is an initial investment in the future, because Orbia also has many lines of business, so they are really happy to collaborate with KIT Batang," said Minister Rosan. On the other hand, Country Director of Wavin Indonesia and Sea+ Johannes Drees said that the facilities built by his party at KIT Batang use the best and newest technology to produce pipes, so that they can optimize access to water and sanitation in the country. Previously, President Joko Widodo (Jokowi) held a ground breaking for PT Wavin Manufacturing Indonesia in October 2022. According to the President, with the presence of this factory, it is hoped that Indonesia will no longer import pipes. (SOURCE)
Oct, 07 2024
PR JABAR - Almer Faiq Rusydi promised to create a climate of easy investment for entrepreneurs who are members of Kadin throughout West Java if he is elected as Chairman of the West Java Chamber of Commerce and Industry (Kadin). The businessman who currently serves as Chairman of the Bogor City Chamber of Commerce and Industry has registered to become a candidate for Chairman of the West Java Chamber of Commerce and Industry. Almer's seriousness in his promise was proven by submitting a registration form as a candidate for Chairman of the West Java Chamber of Commerce and Industry at the West Java Chamber of Commerce and Industry Office, Jalan Sukabumi, Bandung City, Monday 30 September 2024. Almer Faiq Rusydi is a successful young entrepreneur from Bogor City. Apart from being supported by the majority of city/district Chambers of Commerce in West Java, as well as the Extraordinary Member of the West Java Chamber of Commerce and Industry, Almer also has a special motivation to register as a candidate for Chairman of the West Java Chamber of Commerce and Industry. "Thank God, I, along with my team, and accompanied by the majority of city/district Kadin Chairmen, and the Chair of the ALB of the Answered Chamber of Commerce have registered as candidates for Chair of the West Java Chamber of Commerce and Industry," said Almer when met after submitting the registration form. Almer stated that he would bring the West Java Chamber of Commerce and Industry to embrace all 27 city/district Chambers of Commerce by regularly holding coffee mornings. Entrepreneurs who are members of the West Java Chamber of Commerce and Industry must be united in guarding investment from the center to West Java. "Entrepreneurs who are members of Kadin in district cities must become hosts in their respective areas," said Almer. Regarding his personal motivation for registering as a candidate for Chairman of the West Java Chamber of Commerce and Industry, Almer said, because he is currently Chairman of the Bogor City Chamber of Commerce and Industry, he certainly understands the problems faced in the city/district. "This is what led us, my friends and I, to want better change, to be able to synergize with regional governments, both at the provincial and district city levels," he said. According to Almer, regarding the investment climate, the West Java Chamber of Commerce and Industry together with the city/district Chamber of Commerce must be able to oversee investment entering West Java. Entrepreneurs in cities/districts must be able to feel the positive impact of investment, especially for the regional economy. "I am optimistic that investment will progress further in the future because we know that West Java is a national investment destination. Kadin is a strategic partner of the government and oversees programs in West Java, down to the city districts," said Almer. "God willing, bismillah, hopefully, I ask for prayers, so that I, who has been encouraged by district city seniors, can be elected as Chair of the West Java Chamber of Commerce and Industry. More importantly, I can be of benefit to business people, especially in West Java," he said. When asked about regulations that are considered to hinder investment, Almer stated that this was an interesting thing to resolve. "I want to ensure the ease of investment and try to make regulations easier so that investment comes to West Java so that entrepreneurs in the district city get the benefits," said Almer. (SOURCE)
Oct, 01 2024
Jakarta, 18 September 2024 – Indonesia is ready to participate in the 21st annual China–ASEAN Expo (CAEXPO) exhibition which will be held at the Nanning International Convention and Exhibition Center (NICEC), Nanning, China. The physical exhibition will be held on 24-28 September 2024, while the online exhibition will be held from 24 September 2024 to 31 December 2024 via the CAEXPO online platform.Director General of National Export Development of the Indonesian Ministry of Trade, Mardyana Listyowati, responded positively to Indonesia's participation in the 21st CAEXPO. He said that the Indonesian Ministry of Trade was optimistic that Indonesia-China trade and investment would increase."This exhibition is a strategic forum to promote trade and investment, both for Indonesia and other ASEAN countries. "By attending CAEXPO 2024, we are optimistic that trade and investment cooperation between Indonesia and China will continue to increase," said Mardyana. Mardyana also said that this year marked the first time the exhibition was held for five days. Since it was first held in 2004, CAEXPO has been held for a maximum of four days.Director of Primary Product Export Development at the Indonesian Ministry of Trade, Miftah Farid, said that this year's 21st CAEXPO will expand Indonesia's participation in various sectors. Several sectors displayed at the CAEXPO exhibition can encourage Indonesian small and medium enterprises (SMEs) to increase exports to the ASEAN and Chinese markets. “CAEXPO provides an important opportunity for Indonesian SMEs to connect with the Chinese market. "This can encourage an increase in Indonesian exports to China," said Miftah.CAEXPO is the result of an agreement at the 7th China–ASEAN Free Trade Area (CAFTA) Summit in 2003. This exhibition aims to promote trade in goods, investment cooperation, technology transfer, trade in services, industrial relations, as well as subregional cooperation between ASEAN and China. As a member of ASEAN, Indonesia regularly participates in this exhibition every year. Two Indonesian PavilionsAt this year's exhibition, Indonesia will display two pavilions. First, the Commodity Pavilion covering an area of 2,160 square meters in hall D4. The Commodity Pavilion will be attended by 100 booths displaying various potential Indonesian products, including food and beverages, fashion and accessories, furniture and home decoration, as well as daily necessities products.Second, the National Pavilion (City of Charm) covering an area of 160 square meters in hall B2. The National Pavilion will showcase the great potential of one of Indonesia's main commodities, namely palm oil, which is managed by the Palm Oil Plantation Fund Management Agency (BPDPKS). Mardyana added, the National Pavilion will showcase the potential and benefits of palm oil, sustainability efforts, and its contribution to the national economy."As part of promoting the potential and sustainability of the Indonesian palm oil industry, this year the National Pavilion will showcase the potential and benefits of palm oil from BPDPKS. "Apart from introducing various high-value palm oil derivative products, we will also highlight sustainability efforts in this sector and the contribution of palm oil to the national economy," explained Mardyana. China is Indonesia's largest trading partner. In the last five years (2019-2023), trade between the two countries showed a positive trend of 19.12 percent with total trade in 2023 amounting to USD 127.81 billion. Total trade in this period consisted of total Indonesian exports to China amounting to USD 64.93 billion and total Indonesian imports from China amounting to USD 62.88 billion. Thus, Indonesia enjoyed a surplus of USD 2.05 billion. (SOURCE)
Oct, 01 2024
Jakarta, Indonesia – Indonesian Minister of Foreign Affairs, Retno Marsudi delivered a keynote address on the second day of the Indonesia International Sustainability Forum (IISF), Friday, September 6 2024. In her speech, the Minister of Foreign Affairs highlighted the importance of increasing investment in the clean energy sector as a driver of economic growth. sustainable. “Renewable energy is the energy of the future. Energy is not just a commodity, but a driver of economic growth. "The world is racing to shift to a low-carbon economy and Indonesia wants to be part of that," said the Minister of Foreign Affairs, responding to a Bloomberg report last year about the increasing number of investments in clean energy globally. The Minister of Foreign Affairs emphasized that sustainable development is the key to prosperity in the future. Indonesia continues to use diplomacy to encourage sustainable efforts and global cooperation to achieve the SDGs and implement the Paris Agreement. "With changes in the global economy, diplomacy has an important role in realizing a sustainable future," stressed Retno. The Minister of Foreign Affairs emphasized three main priorities that must be met for a sustainable future. First, invest and build green energy. This requires significant technological and funding support, including the Just Energy Transition Partnership (JETP), which Indonesia launched during the G20 Presidency in 2022, and the Asia Zero Emission Community (AZEC) of which Indonesia is one of the initiators. “From all these initiatives, Indonesia's message is very clear. We must ensure that green technology becomes a public good. "I hope that through IISF, we can work closely with the private sector to ensure investment for the development of affordable green technology," he stressed. Second, exploiting the huge potential of the blue economy. According to estimates, the blue economy can generate more than USD 1.5 trillion and create around 30 million jobs per year. To unlock the potential of the blue economy, Indonesia has launched the Blue Economy Roadmap 2023-2045, which aims to develop key sectors such as aquaculture and the downstream fisheries industry, to ensure economic growth is in line with marine conservation efforts. Third, the Indonesian Minister of Foreign Affairs emphasized focusing on carbon absorption. “As the third largest tropical rainforest country in the world, Indonesia has the capacity to absorb large amounts of emissions. "With the lowest deforestation rate in the last 20 years, we can be sure that Indonesia is on the right track," said the Minister of Foreign Affairs. Furthermore, the Minister of Foreign Affairs explained that Indonesia had ratified a long-term strategy for low carbon and climate resilience in 2050 as well as a roadmap to achieve the target of net zero emissions. in 2060 or sooner. In closing, Foreign Minister Retno reiterated that all parties play an important role in efforts towards a low-carbon economy and ensured Indonesia's commitment to strengthening collaboration in order to realize a sustainable future. IISF 2024 was held at the Jakarta Convention Center from 5 to 6 September 2024 and was attended by thousands of people from government, private sector, philanthropy, NGOs, experts and academics from within and outside the country. IISF is a platform for stakeholders to collaborate and exchange best practices in supporting decarbonization and realizing sustainable growth. (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - The Ministry of Investment/Investment Coordinating Board (BKPM) said the policy of processing raw materials into high added value products (downstreaming) will be one of the priority programs for the next government. "This has been planned since the time of President Jokowi and God willing, later the President-elect, Mr Prabowo, will become one of the priorities, downstreaming this," said Deputy for Investment Climate Development at the Ministry of Investment/BKPM Riyatno at the Investortrust Future Forum in Jakarta, Wednesday. He said the next government's commitment to advancing downstreaming in the country was because this regulation had provided many benefits for the Indonesian economy. For example, processing in the nickel sector provides added value of 11.4 times when processed into nickel sulfate, increases again 19.4 times when sold as a precursor, and increases up to 67.7 times when sold in the form of vehicle battery cells. electric (electric vehicle/EV). Apart from that, Riyatno said that in order to maintain the downstream ecosystem in a sustainable manner, according to him, the Ministry of Investment has implemented several things, such as issuing supporting regulations, tax incentives, encouraging financial sector policies, as well as regulations prohibiting the export of raw materials for nickel, bauxite, copper and tin. "One of the tax incentives handled through the Ministry of Investment/BKPM is tax holidays and also tax allowances. Then there are also financial sector policies, namely the OJK issuing policies in the banking industry to support the acceleration program for battery-based electric motorized vehicles, for example," he said. Previously, the President of the Republic of Indonesia, Joko Widodo, entrusted the continuity of industrial downstreaming to the development project for the Indonesian Capital City (IKN) to Prabowo Subianto after becoming President of the Republic of Indonesia for the period 2024 - 2029. President Jokowi emphasized that the sustainability of people's programs, whether it is the sustainability of infrastructure development or human resources (HR), is very important. (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani is committed to continuing to distribute quality and sustainable investment in the Eastern Indonesia region. "The point is why we give more special appreciation to Eastern Indonesia, because if you look at the distribution of investment, previously investment was more concentrated in Java, then Sumatra, Kalimantan and Sulawesi. We want to give special attention to the Eastern part, so that "They can also attract quality and sustainable investment," said Rosan at the 2024 Investment Services Award press conference in Jakarta, Monday. In the 2024 Investment Service Award event which was held in Jakarta on Monday, the winners of the 2024 Investment Service Award for the Special Category for Eastern Indonesia were won by the Ambon City Government, the Merauke Regency Government and the Papua Provincial Government. Rosan said that the 2024 Investment Services Award was an event that always received attention from the international world. "So that's also what we want to convey, that equality is important for us. That's why we are paying special attention to Eastern Indonesia," he said. On the same occasion, Deputy Minister of Investment/Deputy Head of BKPM Yuliot said that the investment potential in Eastern Indonesia was extraordinary. Natural resources are generally found in Eastern Indonesia, and in general the potential for Eastern Indonesia is quite large. "So we are encouraging regions in Eastern Indonesia to be given opportunities. If we make existing standards, for example Eastern Indonesia and Java Island, then of course in terms of services and existing infrastructure, there is a gap between Eastern Indonesia and Western Indonesia. Of course "We see that with our special categorization, this encourages Eastern Indonesia to provide better services to investors," said Yuliot. For the sectors currently being pursued is downstreaming, in fact many investments related to downstreaming are located in Eastern Indonesia. "We see in Morowali, in the North Maluku region, in Papua, there are a lot of large-scale investment activities flowing and having a tremendous impact on our economy," said Yuliot. (SOURCE)
Oct, 01 2024
TRIBUNJABAR.ID, BANDUNG – West Java BUMD PT Jasa Medivest, which has been active for more than 18 years as a medical Hazardous and Toxic Material (B3) waste management company in West Java, is intensively innovating. One of the important initiatives is the optimization of the first incinerator machine, which aims to increase waste processing capacity to reach the latest standards, without ignoring the regulations in force in Indonesia. This optimization will start in 2023, with approval from the shareholders of PT Jasa Medivest and the Indonesian Ministry of Environment and Forestry (KLHK). One important step is the installation of pre-treatment equipment in the form of a mixing tank, which is the main requirement to meet the engineering standards being sought. A number of tests have been carried out, including trial burning tests and commissioning tests carried out by certified laboratories from the Ministry of Environment and Forestry. Currently, PT Jasa Medivest is just waiting for the issuance of an Operational Feasibility Letter from the Ministry of Environment and Forestry to immediately start processing industrial B3 waste in West Java. "Initially, PT Jasa Medivest was only able to process 14 waste codes. Remembering that if you only focus on processing B3 medical waste, business saturation will occur. "So, by optimizing the second incinerator machine at the Dawuan plant, we will be able to process B3 medical and B3 industrial waste with a total of 55 waste codes, of course there are waste proportion standards that need to be met," said Beni Cahyadi, Director of PT Jasa Medivest, in an official release Monday. (30/9/2024). PT Jasa Medivest's business opportunities will be optimal if accompanied by investment funding support for these optimization needs. After collaborating with strategic partners, PT Jasa Medivest succeeded in obtaining funding support from BRI through investment credit facilitation. “We see potential for strategic business development. "PT Jasa Medivest has proven its professional commitment for dozens of years, and the huge opportunity for proper management of B3 waste in Indonesia is certainly the rationale for BRI to support financing in the form of investment credit," said Dhinar Adi Nugroho, Branch Manager of BRI (Persero) Tbk Kiaracondong. The signing of the investment credit agreement took place on Thursday, September 12 2024. Present on this occasion were Beni Cahyadi as Director of PT Jasa Medivest, Dhinar Adi Nugroho from BRI, and Dr. Ranti Fauza Mayana, S.H. as a notary. Responding to the challenges of future business growth, this synergy between BUMN and BUMD is one of the implementations of the 3C spirit (Comply, Competitive, Care), which is an important basis for PT Jasa Medivest as a subsidiary of West Java BUMD to achieve its goals. After the second incinerator is able to process industrial B3 waste, PT Jasa Medivest plans to continue business development by submitting technical approval regarding the optimization of the first incinerator to the Indonesian Ministry of Environment and Forestry. "We will adapt the technology, so that we can manage up to 200 B3 waste codes, and the total capacity of the two incinerator machines will increase from 24 tonnes per day to 30 tonnes per day," continued Beni Cahyadi. Through commitment and technological innovation in managing medical and industrial B3 waste, PT Jasa Medivest strives to ensure sustainable productivity. "So that it is optimal to achieve wider market coverage, present as a B3 waste management solution, and of course develop economic useful value as a West Java BUMD entity," he concluded. (SOURCE)
Oct, 01 2024
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