PR GARUT - The construction of the inner-city toll road in Bandung, known as the Bandung Intraurban Toll Road (BIUT), is a major highlight in the world of Indonesian infrastructure. This project aims to overcome the severe traffic jams that often occur in the central area of Bandung and its surroundings. However, this major project is still waiting for an important decision from the central government to be continued. Currently, the construction of this toll road is in the feasibility study stage and requires further approval, especially regarding instructions from the President of the Republic of Indonesia. Director General of Highways at the Ministry of Public Works and Public Housing (PUPR), Rahman Arief Dinaputra, explained that the construction of this toll road will be continued after there is official direction from the President. Even so, the evaluation process for the feasibility study (FS) continues. The PUPR Ministry is completing various technical and financial studies to ensure the feasibility of this project before moving on to the next stage. Rahman also emphasized that the decision to continue or postpone this project depends entirely on the President's decision. The PUPR Ministry will submit the results of the study to the President, who will determine whether this project can be continued or must be postponed, based on the country's fiscal capacity and national development needs at that time. This shows the importance of coordination between the central government and related parties to ensure that every decision taken can provide optimal benefits for the community. The Bandung Intraurban Toll Road project itself has been officially registered as a National Strategic Project (PSN) through the Coordinating Ministerial Regulation (Permenko) Number 6 of 2024. This PSN involves a number of other large projects that aim to encourage economic growth and reduce infrastructure gaps in various regions in Indonesia. The construction of toll roads in Bandung is considered very important to improve connectivity between regions and support local economic development. One of the main reasons why this project must go through an in-depth study is to ensure that infrastructure development not only facilitates mobility, but also supports food security and other vital sectors. Minister of PUPR, Dodi Hanggodo, emphasized that every infrastructure project implemented must have a positive impact on the economy and national resilience. Therefore, in addition to transportation, infrastructure development must also pay attention to sectors that have a broad impact, such as food security. In addition, the Director General of Infrastructure Financing of the PUPR Ministry, Triono Juniasmono, or familiarly called Yongki, revealed that further studies on this toll road project are targeted for completion in early 2026. The study aims to ensure that the decisions taken are based on comprehensive data and analysis, so that this project can run smoothly and provide maximum benefits. The investment needed to continue the construction of this toll road is estimated to reach around Rp7.83 trillion. This figure reflects the large costs that must be incurred to build this large infrastructure. Of course, this project will affect the state budget and requires careful consideration regarding national development priorities. With the large costs required, the government must conduct a careful evaluation to ensure the continuation of this project. If this project is continued, it is estimated that it will have a significant impact on reducing congestion, accelerating the mobility of goods and people, and supporting local economic growth in Bandung and its surroundings. However, the biggest challenge remains in the proper management of financing so that this project can be implemented smoothly. One aspect of concern in the construction of this toll road is the environmental impact. The government and related parties will continue to strive to minimize negative impacts on the environment and the surrounding community. An environmental impact study will be one of the important requirements before this project can be implemented, so that this development does not harm the balance of nature and the social life of the community. The Bandung inner city toll road project is expected to be a solution to the traffic congestion problem that has been the main complaint of the community. However, of course, this project must be accompanied by attention to broader social, economic, and environmental aspects, so that the benefits obtained can be felt by all parties. Overall, the success of this project is highly dependent on coordination between various parties, both at the central and regional levels. The people of Bandung certainly hope that the decisions taken can have a positive impact on the smoothness of transportation, economic development, and the quality of life of Bandung residents in general. All parties are currently still waiting for the final decision regarding this project, while continuing to develop more mature studies and planning. Thus, even though there are many hopes and challenges that accompany this project, the community hopes that the Bandung inner city toll road project can be realized soon for the progress of the city of Bandung and the common welfare.*** (SOURCE)
Mar, 12 2025
Tuesday (24/12/2024) was the first day of operation of Karawang Station which serves passengers on the Whoosh high-speed train operated by PT Kereta Cepat Indonesia China or KCIC. Of the 48 Whoosh train schedules operating during Christmas 2024 and New Year 2025, there are 20 Whoosh trips that stop at Karawang Station. The high-speed train route from Halim Station to Karawang Station located in Wanakerta Village, Telukjambe Barat District, Karawang Regency, West Java, and vice versa, takes 15 minutes. Meanwhile, the route from Padalarang Station in West Bandung Regency to Karawang Station takes 20 minutes. The time for passengers to get on and off at Whoosh Karawang Station is only 2 minutes. In total, the Whoosh trip that serves passengers getting on and off at Karawang Station will experience an additional seven minutes of travel time. When attending the inauguration of Karawang Station, Tuesday, Chinese Ambassador to Indonesia Wang Lutong said that the operation of this station shortens the distance between Jakarta and the Karawang industrial center area, West Java. This condition can increase the attractiveness of Karawang as an investment magnet in the eyes of international investors. Lutong said that Karawang is home to the manufacturing industry, especially the automotive, electronics, and household appliances industries. He added that currently there are at least 50 international companies in the industrial center which is 10 kilometers from Karawang Station. "Going to Jakarta from this area (Karawang) now only takes 15 minutes. Karawang Station presents a new landscape for connectivity between the industrial area, Jakarta, the International Port (Tanjung Priok), and the International Airport (Soekarno-Hatta). In substance, this reduces operational costs so that it will be attractive in the eyes of investors," he said. Talking about investment in Karawang, capital owned by foreign investors has so far dominated the flow of direct investment entering the district with the second largest gross regional domestic product (GRDP) in West Java. Based on data from the Investment and Integrated One-Stop Service Office of Karawang Regency, West Java, investment realization in Karawang until the third quarter of 2024 reached IDR 48.6 trillion. This figure has also exceeded the target set by the Investment Coordinating Board (BKPM) for 2024 of IDR 42.7 trillion. Foreign investment (PMA) dominates the total investment realization, which is IDR 42.05 trillion. The remaining IDR 6.55 trillion comes from domestic investment (PMDN). AllureInfrastructure and urban planning observer from Trisakti University, Yayat Supriatna, said that several years ago he conducted research on the interrelationship of industrial areas in Java and outside Java. The results showed that most industrial areas outside Java only produce semi-finished products. The majority of these semi-finished products are sent to Java, one of which is to the Karawang industrial area. The existence of industry increases the potential for regional growth. "The existence of industrial areas is believed to encourage the growth of Karawang and its surrounding areas," he said. Without the presence of the Karawang KCIC Station, the allure of Karawang Regency as an investment center is already very large. This is considering that Karawang is flanked by three growth centers, namely Jabodetabek, Greater Bandung, and Greater Cirebon, with reliable connectivity in the form of the Trans-Java Toll Road. Karawang is also supported by Tanjung Priok Port in North Jakarta and Patimban Port in Subang. To support transportation hubs in this area, the Jakarta-Cikampek toll road has been developed with the widening of the lanes from West Karawang to East Karawang. "Karawang is like just turning a blind eye, the money comes by itself. When compared to the IKN (national capital), we need an investment of IDR 400 trillion. If the need is IDR 10 trillion per year, that means we need 40 years. Meanwhile, Karawang can approach IDR 29 trillion in one year. This is a big market power," explained Yayat. So cosmeticsThe presence of Karawang Station which is crossed by the Whoosh train is considered only as additional cosmetics to attract investors which can shorten the travel time for individuals from Karawang to Jakarta which is currently still the center of the Indonesian government. The ticket price for the Whoosh train on the Halim-Karawang route and vice versa is IDR 125,000, while for the Karawang-Padalarang/Tegalluar-Summarecon route and vice versa it is priced at IDR 175,000 for premium economy class. As for the business class and first class fares, they are at IDR 450,000 and IDR 600,000. For executive level officials (c-level) in international companies operating in Karawang, the ticket price is certainly very affordable. This is considering that the travel time to Jakarta from Karawang can be shortened to only 15 minutes. Currently, the travel time to KCIC Karawang Station from the economic center of this region in Karawang International Industrial City is around 30 minutes using a four-wheeled vehicle. To access KCIC Karawang Station, passengers using private vehicles from the West Karawang Toll Gate can go via Jalan Badami then enter Jalan Pasar Jati and Jalan Raya Pangkalan. KCIC Karawang Station is connected to the toll road via the West Karawang Toll Gate Kilometer 47 Jakarta-Cikampek. Supporting infrastructureCoordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono when inaugurating the operation of Karawang Station ensured that the government will provide full support to improve connectivity between KCIC Karawang Station and the industrial area in Karawang. The commitment is intended to maximize the economic impact of the station's existence. "The existence of KCIC Karawang Station can increase economic value, community welfare, and expand economic investment not only for Karawang, but also nationally," he said. President Director of PT KCIC Dwiyana Slamet Riyadi said that gradually, the number of train departures will be increased to 62 departures in February 2025. The increase in the number of train departures will be carried out in line with improvements in access and supporting infrastructure connecting the station with the industrial activity center in Karawang. According to Dwiyana, the increase in passengers will be supported by connectivity services, one of which is a free shuttle bus for Whoosh fast train passengers, which connects KCIC Karawang Station with the Summarecon Villagio Outlet shopping center to facilitate passenger mobility. "With complete access improvements, KCIC Karawang Station is targeted to be able to transport 14,000 passengers per day. It is targeted that various infrastructure and supporting facilities for the station to facilitate passenger access can be completed in July 2025," he said. (SOURCE)
Mar, 12 2025
KONTAN.CO.ID – JAKARTA. The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) revealed that investment realization reached IDR 1,261.43 trillion until September 2024. From this level, there are 5 provinces with the largest investment realization in the January – September 2024 period. Minister of Investment/Head of BKPM Rosan Roeslani revealed that the investment realization had reached 76.45% of the target set in 2024, namely IDR 1,650 trillion. The investment achievements came from Foreign Direct Investment (PMA) which reached IDR 654.4 trillion or 51.88% and Domestic Investment (PMDN) of IDR 607.03 trillion or reached 48.12%. "The five provinces with the largest investment realization are still DKI Jakarta, amounting to 191.78 trillion or 15.2%," he said at a joint working meeting with Commission XII DPR RI, Jakarta, Tuesday (3/12). In second place, West Java Province was filled with IDR 184.90 trillion or 14.66%. Then there is East Java with IDR 111.44 trillion or 8.83%, Central Sulawesi with IDR 98.60 or 7.82% and the fifth Banten with IDR 83.44 trillion or 6.61%. "If we look at the countries that invest, it is still dominated by Singapore, which for the last 10 years has always been the largest investor in Indonesia, the figure in the first nine months was US$ 14.35 billion," said Rosan. Furthermore, Hong Kong is in second place with an investment of US$ 6.06 billion, China at US$ 5.78 billion, the United States at US$ 2.82 billion and Malaysia at US$ 2.72 billion. (SOURCE)
Dec, 24 2024
KLIKNUSAE.com — Chairman of the Indonesian Tourism Industry Association (GIPI) West Java, Herman Muchtar, encouraged the Bogor Regency Government to provide legal certainty for investment. Primarily, in the tourism sector. He gave the example of the existence of the peak tourism icon, the former Rindu Alam Restaurant which has now changed to Resto Asep Straberi. If all requirements and obligations (permits) have been fulfilled, then there is no reason not to resume operations. According to him, regulatory clarity and support for investment are the main keys in maintaining a conducive business climate. Especially in the Puncak area, which has long been known as one of the leading tourist destinations in West Java. "We ask the Bogor Regency Government to provide legal certainty and operational permits for those who have met the requirements. Investors have complied with the applicable regulations. And this is a form of their commitment to regulations. Don't let uncertainty like this hamper the investment climate in the Puncak area," said Herman when contacted by Kliknusae.com, Sunday 15 December 2024. Herman also reminded that the government's openness to investment could have a significant positive impact. Especially in supporting regional economic growth, creating jobs, and increasing Puncak's tourist attraction. Herman added that the government must pay attention to the struggles of entrepreneurs in advancing tourism in West Java. "With so many entrepreneurs wanting to advance their businesses in West Java, this will encourage an increase in Regional Original Income (PAD)," he said. Early Supervision Herman added, if the regional government wants to carry out supervision then it must be done from the start. "Don't let the businessman spend tens of billions of money, he has followed all the licensing rules, once it's finished, he can't open it. That's what we're protesting," said Herman. “The Puncak area is one of West Java's tourism icons. If there are obstacles in licensing without clear reasons. "This could give a negative impression to other investors who want to invest their capital here," added Herman. Herman also reminded entrepreneurs to really complete all the requirements for setting up a business. "We will support what the elected candidate for Governor of West Java, Mr. Dedy Mulyadi, said. He was right in saying that entrepreneurs should not make things difficult," he stressed. Herman also responded to the requirements for a Certificate of Functional Suitability (LSF) for buildings which were deemed to be completely irrelevant to the conditions existing in the field. "How is it possible that buildings that have been standing since the "jahiliah" era have to include SLF. Well, if you want to apply it to new buildings," he said. Therefore, support from the regional government is highly anticipated so that investment in the West Java tourism sector can continue to develop optimally. (SOURCE)
Dec, 18 2024
tvOnenews.com - Good news for the Indonesian and Chinese business world. On December 12 2024, the China - Indonesia Two Countries, Twin Park Investment Service Center and Consultation Station was officially opened at Baiyun Airport International Departure Terminal 2, Guangzhou, China. As economic globalization deepens, China and Indonesia are deepening cooperation in trade, investment and other fields. The establishment of this consultation station aims to encourage this cooperation further. This platform is a bridge to provide easier and more efficient consulting services for companies from both countries, as well as supporting deeper development in the fields of investment and cultural exchange between China and Indonesia. As Baiyun Airport's first national "Belt and Road" consultation station, it has at the same time become a shining window for Indonesia in Guangzhou. The establishment of this consultation station not only builds a more practical link for economic and trade relations between the two countries, but also injects new vitality and hope into the future development of China-Indonesia friendly relations. The Consul General of the Republic of Indonesia in Guangzhou, Ben Perkasa Drajat emphasized that the establishment of the Indonesian Investment Service Center and the China-Indonesia Consultation Station "Two Countries, Twin Parks" Baiyun Airport is an important step in strengthening investment cooperation between China and Indonesia. "This will further strengthen relations between the two countries, especially with the southern region of China. Economic relations between China and Indonesia already have a strong foundation, with bilateral trade value reaching 129 billion USD, with more than 20% coming from the southern region of China," he said. Ben added that more than a third of China's large-scale investment in Indonesia comes from China's southern region. This phenomenon emphasizes the importance of the region in contributing to foreign investment. On the same occasion, General Manager of Baiyun Guangzhou Co., Ltd. Luo Shupeng emphasized that Baiyun Airport has always been committed to providing convenient and efficient services for international economic and trade cooperation. "This Consultation Station is not only an important achievement in deepening China-Indonesia relations, but also part of efforts to improve Baiyun Airport's international service level," he explained. President of the Guangdong Indonesian Entrepreneurs Association and Director of Wanxinda Chen Riling stated that his company is always committed to encouraging the development of relations between China and Indonesia, especially in the fields of economy and trade. "The decision to establish the Indonesian Investment Service Center and the China-Indonesia Consultation Station "Two Countries, Twin Parks" Baiyun Airport will significantly improve the efficiency of information access for companies from both countries, as well as provide better services in market analysis and policy interpretation Chen said. Chen explained that industrial areas in China, which is centered in the Fuzhou Yuanhong Investment Zone, and industrial areas in Indonesia including the Batang Integrated Industrial Zone, complement each other and collaborate to create new flagship projects in the form of "Belt and Road" innovation. Specifically, the Batang Integrated Industrial Zone in the Two Countries, Twin Parks project, has signed a land agreement with a total area of 98 hectares, which is estimated to attract 200 companies in the next 2 to 3 years and create 200,000 jobs. In addition, the project aims to build an industrial base of more than 10 million square meters in the next 5 years. Since its launch in 2021, the "Two Countries, Twin Parks" project has given new impetus to investment cooperation in industrial parks, while building a solid foundation for future development. (SOURCE)
Dec, 18 2024
REPUBLIKA.CO.ID, BANDUNG-- The Rebana area covers 7 districts/cities in West Java. Namely Subang, Indramayu, Majalengka, Kuningan, Sumedang, Cirebon Regency and City in the last 2 to 3 years have grown into agglomeration areas that are experiencing positive growth. Led by Bernardus Djonoputro, the Rebana Management Agency (BP) has successfully played its role in coordinating 7 regional, provincial governments and investors and donor agencies who are interested in investing in the area. This area could even become a benchmark for urban agglomeration management. The investment value that has flowed is IDR 15.4 trillion during January-October 2024, this area is not only a future industrial center, but also a home for manufacturing innovation and modern technology. According to Head of BP Rebana Bernardus Djonoputro, Rebana has a unique position. Because it covers seven districts/cities in West Java, with infrastructure support that continues to develop. The Rebana area is designed to become a center for economic growth based on industry, logistics and technological innovation. "With an investment of IDR 15.403 trillion that has flowed, we are focused on making Rebana a home for future industries, including electric vehicle manufacturing," said Bernardus. Bernadus said that Rebana had been designed with an integrated ecosystem approach. This area is not only an industrial center, but also supports the development of human resources through quality educational and job training facilities. BYD's presence in Rebana is a successful example of how this area attracts global investors. “The presence of BYD is proof that Rebana has global appeal. "The strategic location, supporting infrastructure and pro-investment policies make this area ideal for high-tech manufacturing industry," he said. Apart from BYD, other industries are starting to grow rapidly in this region. Rebana is now home to hundreds of companies operating in various sectors, from traditional industry to advanced technology. The manufacturing industry is one of the most prominent sectors in Rebana. With the support of modern infrastructure, this area has created thousands of new jobs and attracted skilled workers from various regions in Indonesia. "The manufacturing industry in Rebana is growing very rapidly. We ensure that the available workforce is of a quality that meets the industry's needs through vocational training and education programs," said Bernardus. According to him, there are more than 475 accredited job training institutions in the region, with more than 90,000 graduates every year. This supports the creation of a highly competitive industrial ecosystem. One of the main factors that makes Rebana attractive to investors is its continuously developing infrastructure. The construction of toll roads, ports and airports that are directly connected to this area is the main attraction. Looking at current developments, Rebana is projected to become one of the most advanced economic areas in Indonesia in the next few years. With a focus on environmentally friendly industries, technological innovation and sustainability, this area is expected to attract more global investors. "We are optimistic that Rebana will become an economic center that will not only contribute to West Java, but also to Indonesia as a whole. We continue to strive to ensure that incoming investment provides maximum benefits for all parties," he explained. Bernie, Bernandus's nickname, assessed that, through BP Rebana, West Java can be considered by the Central Government as a region that has successfully managed agglomeration areas through the hands of professionalism. "West Java has become a pioneer, because the concept of a management body is not only here but also in New York to Toronto. So if the government wants to form the same institution in other regions, BP Rebana could be a benchmark," he said. Apart from that, Rebana has also attracted the attention of global donors. JICA, for example, provided support in preparing the master plan and grand design for Rebana. GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) is an international company owned by the German Federal Government and operating in more than 130 countries ensuring its commitment to supporting the basic waste infrastructure of the Greater Cirebon TPPAS. Meanwhile, the World Bank Group provides support for the development of livable cities through urban transformation. "There are 5 world donor agencies, 4 partners in the green technology sector, 30 partner organizations, BP Rebana is managed by young professionals. BP Rebana's success could be an opportunity for professionals if they are entrusted with managing the same institution in other areas," explained Bernie . (SOURCE)
Dec, 18 2024
BANDUNGWETAN, AYOBANDUNG.COM - Member of Commission V of the West Java DPRD, Aceng Malki, regretted that the Education Department did not seem to be responding to changes in industry and investment by providing vocational schools in accordance with industry needs. He said that the availability of vocational school majors is currently still monotonous without paying attention to the conditions of industrial needs. "I see that vocational school majors in West Java are not linear with investment," said Aceng, Sunday 15 December 2024. He also gave an example in Karawang, which is one of the industrial centers, which is not accompanied by the provision of vocational school majors that suit needs. In this district, there is a lot of investment in both the automotive and other industries, but the availability of vocational school majors is actually a lot of management. As a result, many vocational school graduates are unable to enter work because their majors do not match the workforce needs in existing industries. "There should be planning resulting from coordination with Bappeda or SKPD related to investment. This planning is related to providing majors in vocational schools that are suitable for incoming investment. For example, if there is incoming investment in the automotive sector, then there must also be many automotive majors," he explained. Apart from that, vocational schools must also always update industrial technology so that their graduates can easily get jobs because their abilities are in line with industry needs. "Don't let companies that build factories using advanced technology, but Vocational Schools haven't updated the technology, end up with graduates still not being able to get jobs because they don't master the technology," he explained. According to Aceng, this condition actually occurs in West Java, so even though incoming investment is relatively high, labor absorption in the people of West Java is still low. "Because the skills of vocational school graduates do not match industry needs, in the end many of the workers accepted come from outside West Java. That's why the Education Department must reform vocational school majors so that they suit needs," he concluded.*** (SOURCE)
Dec, 18 2024
BANDUNG, KOMPAS.com - Investment in West Java in 2029 is targeted to reach IDR 593 trillion. This target is considered to be able to boost economic growth in West Java by up to 8 percent. "It must be able to reach IDR 593 trillion in 2029," said the Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, in a release received by Kompas.com, Friday (13/12/2024). Nining explained that the investment pocketed by West Java in 2023 is IDR 210.6 trillion. To meet the national target of 8 percent economic growth, it is necessary to increase investment gradually. In the 2025 Economic Outlook, Nining revealed, to achieve the national investment target of IDR 3,500 trillion in 2029, West Java is required to contribute 16 percent of total national investment. With strategic efforts and increasing investment attractiveness, it is hoped that West Java can answer this challenge and become a driving force for the national economy. Investment Challenges "Even though West Java is known as the largest investment destination in Indonesia, many challenges arise, especially in ensuring that investment has a positive impact on reducing unemployment and poverty levels," he said. Data shows that districts/cities with many industries actually have high unemployment rates. Meanwhile, areas with minimal investment, such as the eastern and southern parts of West Java, have low unemployment rates but high poverty rates. "West Java's position compared to other provinces is in 25th position out of 38 provinces with low middle income. "Well, that's the position that we then see that West Java still has many challenges and then they must be answered with incoming investment," he explained. Apart from that, global challenges also influence it. According to Nining, global investment trends such as greenfield projects show a decline in developing countries. However, opportunities remain, especially in the renewable energy sector, global value chains-based manufacturing, and the agri-food system. “Opportunities in the renewable energy and intensive industrial sectors are still wide open. "We are optimistic that West Java can maintain its position as the main investment destination in Indonesia," he stressed. (SOURCE)
Dec, 18 2024
Majalengka (ANTARA) - The Majalengka Regency Government, West Java, said that the presence of the Majastore facility at Kertajati West Java International Airport (BIJB) is a long-term investment to support the growth of MSMEs in the area. "The presence of Majastore is the first step to ensure that Majalengka MSME products have a place at BIJB which we believe will develop into a new economic center," said Acting Majalengka Regent Dedi Supandi in Majalengka, Monday. He said that Majastore not only functions as a retail store, but also serves as a symbol of the regional government's commitment to introducing superior MSME products to the wider community. According to him, the regional government will allocate a special budget to support professional management of Majastore as part of the annual investment. Apart from being an investment, he said, Majastore could become the main showcase for local MSME products at BIJB Kertajati which is expected to be able to compete in the global market. "We believe that Majastore's presence at BIJB will be a new milestone in encouraging regional economic growth through promoting local products to a wider market," he said. Meanwhile, Secretary General of the Regional National Crafts Council (Dekranasda) of West Java Province, Dewi Sartika, said that the outlet facilities were part of concrete steps to support the Proudly Made in Indonesia (BBI) program. "The existence of Majastore at BIJB Kertajati is in line with efforts to support the tourism, trade and investment industry in Majalengka," he said. The Acting Chair of Dekranasda Majalengka, Erlita Widiasih, said a similar thing, who said that Majastore was part of a regional innovation program to promote products such as batik, handicrafts and leading tourist destinations in Majalengka. He is optimistic that Majastore can help MSMEs increase income, create new jobs, and become a promotional space for products from Majalengka. "We took the name Majastore from the maja fruit, which is also a prayer for Majalengka to continue to progress. "We invite the public to support Majastore as a representation of Majalengka's superior products," he said. (SOURCE)
Dec, 17 2024
PR SUBANG- Subang Regency, is now the concern of many investors, or it could be said that it will be flooded with investment, therefore, the Acting Regent of Subang, Imran, while having coffee with Media, at the HD Pulle Cafe, Subang, Friday, December 6 2024, reminded all parties to be ready to face these changes. Imran hopes that journalists can oversee the development of Subang Regency which is in a transition phase, from an agricultural area to an industrial area. "I hope that press friends will continue to monitor this process, ensuring that the transformation that occurs continues to run well and pays attention to the interests of the community," he hoped. Responding to the issue of human resources that will be placed in industries that will come to Subang Regency, Imran said it was important to collaborate with the private sector and educational institutions. In one case, Imran gave an example, the Suryabuat industrial area has committed to establishing an industry-based vocational school. "Vocational school students in grades 1 and 2 will later receive relevant education in Cipeundeuy. Apart from that, Subang Polytechnic (Polsub) and ITB Bandung will also support increasing the competency of local workers. "I hope that Subang children can make the best use of this educational affirmation," he added.*** (SOURCE)
Dec, 17 2024
Cianjur (ANTARA) - The One Stop Integrated Services and Investment Service (DPMPTSP) of Cianjur Regency, West Java, recorded that investment realization from January to November 2024 reached IDR 1,833 billion or 100.75 percent of the target of IDR 1,820 billion. Secretary of DPMPTSP Cianjur Regency, Djoko Purnomo in Cianjur, Wednesday, said that based on the Investment Activity Report (LKPM) until November 2024, the realization of Domestic Investment was IDR 1,584 billion while Foreign Investment (PMA) was IDR 249 billion. "The achievement of investment realization from January to November 2024 cannot be separated from the high level of public and investor confidence in investing capital in Cianjur," he said. This includes cooperation between agencies in boosting investment figures and is supported by the Cianjur Regional Spatial Planning (RTRW) Regional Regulation Number 7 of 2024 so that we can be more certain regarding future investment certainty. In fact, to attract investors to invest in Cianjur, including foreign ones, he said, the Cianjur Regency Government provides various programs, one of which is a Regional Regulation (Perda) concerning Incentives for Business Actors. "We already have an Incentive Regional Regulation that makes it easier for investors to invest in Cianjur, in addition to the Regional Spatial Planning Plan (RTRW) which can make it easier for investors to develop their investments," said Djoko. He explained that since 2023, the Cianjur Regency Government will open opportunities for investors to invest capital in various fields with the guarantee of easy licensing, including opening new businesses in a number of mainstay tourist attractions in the southern region. "Cianjur is the second largest area in West Java, has various investment potentials ranging from tourism, hotels, accommodation, cafes and shopping centers, which have continued to increase in number over the last few years," he said. The Cianjur region is rich with various potentials that can invite investors to invest their capital in Cianjur, such as the Cianjur beach tourist area which is currently visited by many tourists from various regions but still lacks supporting facilities and infrastructure. (SOURCE)
Dec, 15 2024
Jakarta (ANTARA) - A number of economic news stories colored Tuesday (3/12/2024), starting from the Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani revealing Apple's planned investment commitment of one billion US dollars in Indonesia to The Ministry of Energy and Mineral Resources announced the discovery of new oil and gas (oil and gas) potential reaching more than 4.3 billion barrels of oil equivalent. 1. Pertamina aims for oil production in 2025 to reach 748 thousand barrels per day PT Pertamina targets oil production to reach 748 thousand barrels of oil per day (BOPD) by 2025, as part of efforts to increase national energy security through optimizing the upstream sector and strategic investment. 2. Rosan revealed Apple's investment commitment plan of 1 billion US dollars in RI Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani revealed Apple's planned investment commitment of 1 billion United States (US) dollars in Indonesia. 3. KESDM announced the discovery of oil and gas potential of more than 4.3 billion BOE The Ministry of Energy and Mineral Resources (KESDM) announced the discovery of new oil and gas (oil and gas) potential reaching more than 4.3 billion barrels of oil equivalent (BOE) in the Western Indonesia Phase 2 (IBB 2) area. 4. The Coordinating Ministry for Food completes the draft presidential decree regarding irrigation and farmer extension Coordinating Minister for Food Zulkifli Hasan said that his party had completed the draft Presidential Regulation (Perpres) regarding irrigation and central agricultural extension and submitted it to the Ministry of State Secretariat (Kemensesneg). 5. BEI develops carbon trading potential in 2025 The Indonesian Stock Exchange (BEI) is developing the potential for carbon trading in 2025 to look at large opportunities, especially from power plants that use coal in the emissions trading system. (SOURCE)
Dec, 15 2024
INILAHKORAN, Bandung - Deputy Head of Bank Indonesia West Java Muslimin Anwar delivered his material at the 2024 West Java Province Bank Indonesia Annual Meeting (PTBI) at the Trans Grand Ballroom, Bandung City, Friday 29 November 2024. The PTBI Forum is an important platform for stakeholders to collaborate in formulating strategic steps to maintain economic stability and accelerate transformation towards a more competitive digital-based economy. (SOURCE)
Dec, 02 2024
SUMEDANG BAGUS -- Bank Indonesia West Java continues to strive to maintain stability and encourage economic growth in Tatar Parahyangan. The economic prospects and direction of the policy mix for this were presented at the Bank Indonesia (PTBI) West Java Annual Meeting on Friday 29 November 2024. This activity was held with the theme "Synergy to Strengthen National Economic Stability and Transformation". This activity was also attended by various stakeholders including the Head of the West Java Economic Bureau, Forkopimda, Regents/Mayors throughout West Java, vertical agencies, banking, academics, associations, business actors and all Bank Indonesia work partners in West Java. The West Java Province PTBI was held in conjunction with the National PTBI which was attended by the President of the Republic of Indonesia, Prabowo Subianto, and the Governor of Bank Indonesia, Perry Warjiyo. Those who attended PTBI West Java also witnessed instructions from the Governor of Bank Indonesia Perry Warjiyo and the President of the Republic of Indonesia Prabowo Subianto. Deputy Chief Representative of Bank Indonesia for West Java Province, Achris Sarwani, emphasized that the PTBI forum is an important platform for stakeholders to collaborate in formulating strategic steps to maintain economic stability and accelerate transformation towards a more competitive digital-based economy. It is hoped that this collaboration will become a strong foundation in facing increasingly complex economic challenges and taking advantage of existing opportunities. Meanwhile, Deputy Chief Representative of Bank Indonesia, Muslimin Anwar, stated that the West Java economy at the end of 2024 is predicted to grow in the range of 4.6% - 5.4% (yoy), higher than global economic growth which is predicted at 3.2%. this year. Meanwhile, West Java inflation at the end of 2024 is estimated to be within the national inflation target range of 2.5% ± 1% (yoy), better than global inflation which is predicted to remain high at 5.3% (yoy). Approaching 2025, the global economy is faced with various complex challenges. Continuing geopolitical conflicts in a number of regions have caused trade tensions between countries. Apart from that, the surge in global food prices, increasingly striking economic divergence, and the strengthening trend of portexionism in various parts of the world, have also influenced global market instability. Furthermore, challenges to the economy are also influenced by domestic conditions. Some of the main issues faced include encouraging increased employment, accelerating downstream and industrialization processes to create greater added value, and developing creative industries which increasingly have great potential. Equitable development is also one of the challenges to ensure that economic growth can be felt evenly throughout the region, so that it can support connectivity and strengthen other strategic sectors. In order to face these various challenges, synergy and collaboration between stakeholders is needed. There are five strategic policy recommendations that can encourage recovery and acceleration of the West Java economy, one of which is maintaining inflation stability through the 4K framework (price affordability, supply availability, smooth distribution and effective communication). Meanwhile, the other four policies are maintaining economic growth through incentives, fiscal realization and regional investment to optimizing export performance and import substitution, encouraging new sources of growth through sharia economics and finance, developing the digital economic ecosystem, and strengthening the pentahelix synergy between government, society, academics, business actors and media in work programs for economic growth and inflation stability. Through these various policy recommendations, Bank Indonesia predicts that the West Java economy in 2025 will continue to record positive growth in the range of 4.7% - 5.5%. As a form of appreciation, the West Java Provincial Government together with Bank Indonesia West Java gave appreciation to districts/cities that have succeeded in controlling inflation and digitalization. In 2024, the Superior Inflation Control Program (PINUNJUL) award will be given to IHK City, namely Tasikmalaya City, Depok City and Bogor City, as well as non-IHK Districts/Cities, namely Banjar City, Kab. Pangandaran, Kab. Tasikmalaya, Kab. Kuningan and Kab. Majalengka. For the best regional Economic Digitalization category, the 2024 Digital Economy Champion Appreciation (AJEG) was given to Kab. Bekasi, Kab. Bogor, Kab. Karawang, Kab. Bandung, Bandung City and Bogor City. Meanwhile, the best regional innovation award was given to Tasikmalaya City. On the same occasion, appreciation was also given for the West Java Journalist Competition 2024 in the categories of writing, photo telling and video; as well as appreciation for the Best Rupiah Currency Management for the category of bank with the best cash distribution and services, the best Love, Proud, Understanding Rupiah education partner, as well as the best synergy and collaboration partner for administering counterfeit money. The series of events closed with remarks from the Acting Governor of West Java read by the Head of the Economic Bureau, Yuke Mauliani. In his speech, Yuke Mauliani expressed his appreciation to Bank Indonesia as the main partner who always synergizes through various innovations to continue to advance the West Java economy with increasingly controlled inflation. Furthermore, the West Java Provincial Government in 2025 will continue to strengthen synergy and collaboration with Bank Indonesia and all regional government stakeholders, the academic world, the business sector and the media. This is to increase economic resilience and encourage recovery and sustainable economic growth in West Java. (SOURCE)
Dec, 02 2024
BANDUNG WETAN, AYOBANDUNG.COM -- To continue to support the implementation of a green economy in West Java, Bank Indonesia (BI) together with the West Java Provincial Government (Pemprov) again held the West Java Energy Forum (WJEF) 2024 on Thursday, 21 November 2024. This strategic program, which was held for the second time, raised the theme "Multi-Stakeholders Involvement for Financing the West Java Long-term Energy Transition and Green Development". In line with the theme, WJEF 2024 is a forum for synergy and collaboration between Bank Indonesia, regional governments and all relevant stakeholders in optimizing the potential of energy and electricity sector projects in West Java. This includes debottlenecking various problems both in terms of policy, regulation, administration, technical and funding aspects. Thus, WJEF 2024 is expected to increase the attractiveness of West Java in the eyes of investors to continue investing in the long-term energy transition and sustainable infrastructure development in West Java. The WJEF 2024 event began with a series of thematic focus group discussions (FGD) in the new and renewable energy sector which was held on Wednesday (20/11). Various interesting topics are studied, including the utilization and use of geothermal energy in West Java. There are also topics regarding energy efficiency or conservation for new industrial areas, a roadmap for developing and improving human resource skills that support the electric vehicle industry in West Java, and revitalizing small-scale energy systems for a productive economy through corporate social responsibility schemes. Acting Head of Bank Indonesia Representative Office for West Java, Muslimin Anwar, said that global economic growth is faced with the challenge of climate change. This condition, he continued, has the potential to give rise to physical and transition risks which ultimately have an impact on monetary stability and the financial system. "The role of the central bank is needed to be able to mitigate risks, including by ensuring the resilience of the financial sector, supporting an orderly, fair and capable transition; and strengthening synergies across authorities," said Muslimin. Responding to this, Muslimin said, Bank Indonesia implemented a green policy framework through three pillars, namely the pillar of strengthening green macroprudential policies, through banking as the largest contributor to carbon emissions through its debtors with the greening the financing and greening the debtors programs. "In the second pillar, Bank Indonesia is implementing a green money market deepening policy, namely by expanding green instruments such as green commercial securities, green repos and other green derivatives," explained Muslimin. Apart from that, Muslimin said, Bank Indonesia is also increasing foreign exchange reserves in the form of green bonds and using them as a monetary instrument. Furthermore, Muslimin explained, in the third pillar, Bank Indonesia implements green inclusive economic and financial development policies by fostering and developing green MSMEs which are classified into 3 (three stages), namely Eco-Adapter (has adopted but not yet become a core part), EcoEntrepreneur (has implemented it as part of its business), and Eco-Innovator (has innovated to increase production which reduces environmental impact). Apart from that, Muslimin added, BI West Java continues to support the development of the green economy in West Java. "This support is provided both in a policy setting through the preparation of the Battery-Based Electric Motor Vehicle Ecosystem Study (KBLBB) which produces 9 concrete recommendations for the development of electric vehicles in Indonesia, both from the upstream, downstream and regulatory side," he said. At the policy implementation level, this is done, among other things, through the WJEF event to support green investment by increasing the supply of new and renewable energy (EBT) projects, and encouraging demand for widespread use of EBT. In connection with the development of green MSMEs, BI West Java together with the West Java Provincial Government are also making efforts to promote green MSME products to domestic and global markets through West Java Creative Works (KKJB). As an effort to promote investment opportunities to domestic and international investors, BI West Java together with the West Java Provincial Government have held the West Java Investment Summit (WJIS) since 2019, which includes offering environmentally friendly investment projects and a green investment concept that supports sustainable economic growth, such as Legok Nangka project, Groundbreaking Vinfast, and TPPAS Cirebon Raya. "Not only physical investment, BI West Java also plays a role in investing in human resources to support the green economy through the Dedication to the Country program for 9 vocational schools that have a curriculum related to EBT," said Muslimin. Meanwhile, Acting The Governor of West Java, Bey Machmudin, welcomed the implementation of WJEF as an important step towards the transition to the use of environmentally friendly and renewable energy. He assessed that this event was in line with Indonesia's national commitment to reduce Green House Gas (GHG) emissions. "West Java has great potential to utilize its natural resources such as waste and geothermal heat, making it a pioneer in the energy transition in Indonesia. To achieve this goal, significant investment is needed," said Bey. Therefore, Bey emphasized that the West Java government is ready to provide fiscal and non-fiscal incentives to green energy investors who are interested in investing in this region. "Apart from that, all people are encouraged to contribute to the energy transition, starting from small steps in daily life, such as saving electricity use," he said. In the WJEF 2024 series, Bey also symbolically inaugurated Rooftop Solar Power Plants (PLTS) at 7 SMAN and SMKN in West Java, as well as launching school energy ambassadors by signing inscriptions which will be placed at SMAN 1 Cianjur, SMN 2 Bogor, SMKN 1 Purwakarta, SMKN 1 Cimahi, SMKN 1 Garut, SMKN 2 Tasikmalaya and SMKN 1 Cirebon. "The synergy between Bank Indonesia and the West Java Provincial Government and other departments and stakeholders will continue to be implemented in order to make the energy transition program and the development of a green and sustainable economy a success," concluded Bey. For your information, the 2024 WJEF activity was attended by Acting. Governor of West Java, Acting Head of Bank Indonesia West Java representative office, and Chairman of the West Java Provincial DPRD. Also present were representatives of ministries/institutions at the central level, regents/mayors throughout West Java, members of the regional energy forum for West Java province, academics and project owners in the renewable energy sector throughout West Java. (SOURCE)
Nov, 28 2024
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