Batang (ANTARA) - Minister of Investment/Head of BKPM Bahlil Lahadalia said that currently the realized investment value of 18 companies in the Batang Integrated Industrial Zone (KITB), Central Java, has reached around IDR 14 trillion. "Of the 18 companies that have entered, they have absorbed 19 thousand workers," he said when delivering his speech at the Operational Inauguration of the Batang Integrated Industrial Zone, Friday. According to him, his party targets that within the next 10 years, the Batang Integrated Industrial Zone will be able to absorb 250 thousand workers. In the near future or September 2024, he said, there will also be a South Korean company, namely LG, which will build a cathode factory as an electric vehicle (EV) battery ecosystem. "Because the feasibility study will be completed in August 2024. And the cathode will be built here," he said. Bahlil said that the presence of cathode construction would be an integration of upstream and downstream development of the EV battery ecosystem. "There will be a precursor smelter for developing battery cells in North Maluku. Then, there will also be battery cells in Karawang, West Java," he said. Apart from that, there will be a combination of high technology at KIT Batang as well as labor-intensive MSME industries such as shoes and footwear. "God willing, it will continue to run well. And we only report one, only one of our ports is missing, so Pelindo has tendered the port but only the breakwater and the channel," he said. (SOURCE)
Oct, 01 2024
Cianjur (ANTARA) - The Cianjur district government via The Department of Investment and One Stop Integrated Services (DPMPTSP), West Java, recorded that investment realization in the second quarter of 2024 reached 47.41 percent or around IDR 862,961,798,198 of the target of IDR 1,820,061,327,000. Head of DPMPTSP Cianjur Dadan Ginanjar in Cianjur Thursday, said that micro and small business permits (IUMK) were the biggest contributor to investment in Cianjur from 11 sectors in the Implementation of Risk-Based Business Licensing through the Online Single Submission System (OSS RBA) with a realization of IDR 215,409,964,098. "Looking at the realization up to June 12, we are optimistic that the target can be achieved and exceeded like the previous year by more than 100 percent thanks to the support of related regional agencies and organizations," he said. The achievement of investment realization from January to June 12 2024 is inseparable from the high level of trust from various groups of people and investors to invest their capital in various business fields in Cianjur. Various programs that make it easier for investors to invest are provided by the Cianjur Regency Government, such as providing incentives to business actors in the form of tax relief or levies based on Cianjur Regional Regulation Number 13 of 2023 concerning Providing Incentives and Ease of Investment. In fact, he said, the Regent of Cianjur together with the Cianjur Regional Leadership Communication Forum (Forkopimda) helped ensure the security and ease of investing, so that from the beginning to the middle of the year the number of investors entering Cianjur continued to increase. "We hope that the revision of the Regional Spatial Planning Regulation (RTRW) will soon be completed and ratified, so that investment numbers will continue to increase by intensifying outreach to investors and potential investors from inside and outside Cianjur," he said. He explained that other investment achievements in Cianjur contributed quite high, such as the trade and services sector with a realization of IDR 166,306,573,519 or 10.04 percent, foreign investment (PMA) realization of IDR 134,280,000,000 or 8.11 percent. Meanwhile, the Investment Activity Report for the 10 largest sectors is the energy and mining sector amounting to IDR 9,239,500,000 or 0.56 percent, so the party is optimistic that investment realization in 2024 amounting to IDR 1,820,061,327,000 can be achieved before the end of the year. "Various programs to attract investors to come and invest in Cianjur have been carried out for the last two years, so that investment development in various fields is wide open," he said. (SOURCE)
Oct, 01 2024
Jakarta - Entrepreneurs who are members of the Young Indonesian Entrepreneurs (HIPMI) took part in the 21st China-ASEAN Business Investor Summit (CABIS) which was held in Nanning, Guangxi, China. This event is an opportunity to attract foreign investors to Indonesia. HIPMI Deputy Secretary General Anthony Leong gave a presentation on investment opportunities in Indonesia. Anthony Leong underlined the importance of collaboration between ASEAN countries to strengthen the investment climate in the region, especially in Indonesia. "Indonesia has abundant natural resources, a significant demographic bonus, a large consumer market, and a stable economic and political environment. All of this makes Indonesia a competitive investment destination," said Anthony in his statement (29/9/2024). In his presentation, Anthony explained the latest data showing that investment realization in Indonesia in the first semester of 2024 reached IDR 829.9 trillion (around USD 54 billion). This figure reflects global confidence in Indonesia's economic potential and provides a positive picture of the stability and attractiveness of investment in this country. Anthony also emphasized the importance of young entrepreneurs collaborating between countries, because it can be seen that the trend of becoming conglomerates nowadays is that relatively many of them are young, under 50 years old. "Indonesia is one of the largest exporters of coal in the world and has important mineral reserves such as nickel, copper and bauxite. With the increasing global focus on renewable energy, Indonesia is trying to attract more investment in this sector," he explained. Anthony also underlined the role of digital transformation in simplifying the investment process. "Through one-stop investment services, procedures for foreign investment are now much easier and more efficient. We are ready to become a strategic partner for international investors, especially from China, to establish business partnerships in Indonesia," he added. With various incentives on offer, such as income tax exemptions for up to 20 years and elimination of import duties for certain sectors, Anthony believes that Indonesia is increasingly attractive to foreign investors. He cited a number of successful investments made by large companies, including Toyota, Mitsubishi and ExxonMobil, which have had a positive impact on the local economy. The Deputy General Secretary of the Indonesian Chinese Clan Social Association (PSMTI) also invited the Chinese business community to be more active in exploring investment opportunities in Indonesia. "Together, we can create a prosperous future and strengthen our bilateral relations. I am optimistic that through collaboration and partnership, both Indonesia and China can mutually gain significant economic benefits," he concluded. Apart from that, in an effort to strengthen economic and investment cooperation between Indonesia and China, a Memorandum of Understanding (MoU) was also signed between several important organizations from the two countries. This MoU was held on the sidelines of the China-ASEAN Business and Investment Summit (CABIS). The first MoU was signed between CABIS and the Indonesian Young Entrepreneurs Association (HIPMI). This aims to open opportunities for business collaboration between young Indonesian entrepreneurs and the ASEAN region, especially in facilitating cross-border investment and trade. Apart from that, CCPIT Guizhou Sub-council also has a partnership with two leading business associations from Indonesia, namely HIPMI and the Indonesian Chinese Entrepreneurs Association (ICEA). This collaboration is expected to strengthen increasingly comprehensive business relationships. According to Anthony, this collaboration will not only encourage economic growth between the two countries but also open up great opportunities for young entrepreneurs and the Chinese community in Indonesia to be actively involved in the global market. "The signing of this MoU is an important milestone in improving bilateral economic relations between Indonesia and China. We hope that this collaboration can strengthen investment, expand business networks and create more business opportunities," said Anthony. Through this collaboration, it is hoped that economic relations between Indonesia and China will become closer, with the involvement of strategic business sectors from both parties. (SOURCE)
Oct, 01 2024
JAKARTA, KOMPAS.com - Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said that during the Advanced Indonesia Cabinet or the second period of President Joko Widodo's (Jokowi) administration, investment in the country was able to absorb 7,188,479 workers. Rosan said, on average every year 1,437,695 workers are absorbed due to investment realization. "In terms of job creation, the total employment absorption during the Advanced Indonesia Cabinet is also 7,188,479 workers in Indonesia or the average per year is approximately 1,437,695 (absorbed labor)," said Rosan when giving a speech at 2024 Investment Service Award event in Jakarta which was broadcast online on Monday (30/9/2024). "Because we know that job creation is our task or challenge which we must carry out continuously," he continued. Rosan also said that by the end of September 2024, Indonesia's investment achievement is estimated at IDR 6,350 trillion. This achievement is the realization of investment during the second period of President Jokowi's administration. "We can say that during the Advanced Indonesia Cabinet period (2019) until June 2024, there was investment realization of IDR 5,931.3 trillion, which is estimated by the end of September 2024 to reach IDR 6,350 trillion," said Rosan. Based on these achievements, according to him, there has been an increase in investment achievements of 90.2 percent since 2019. Meanwhile, according to the government's average calculations, there is investment growth of 18 percent per year. Rosan said that the achievement of investment realization shows that the policies issued by the government have been well responded to by the public and the market. "So based on the distribution of this investment, since 2020 more of it has been outside Java," said Rosan. Meanwhile, in terms of risk-based business licensing services, there are 10,382,846 business identification numbers (NIB) issued by the government in 2921-2024 through the online single submission (OSS) system. "This also shows that business licensing is easier and also provides greater certainty and the majority of the permits we give are to small and medium businesses," said Rosan. However, continued Rosan, the ease of issuing business permits has not yet occurred for medium and large businesses. The reason is that medium and large businesses require a longer verification process. Involves ministries, institutions, regional governments and there are a number of other technical requirements. So Rosan asked all related parties to improve regulations to speed up licensing services. "We need, in our opinion, to increase investment competitiveness, improve regulations and improve services and accelerate licensing in accordance with authority at both the central and regional levels," he said. "On this occasion we also appeal and convey to all government ministries and institutions, provincial governments, district governments, city governments to provide the best service," added Rosan. (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - The Ministry of Communication and Information (Kemenkominfo) continues to strive to grow startup capacity in Indonesia, including by bridging Indonesian startups to be able to obtain funding from venture capitalists both at home and abroad with total funding received reaching 172.3 million US or the equivalent of IDR 2.6 trillion. "This is quite large, because compared to our spending, the impact felt is six times greater and this is what startup friends feel," said Director of the Digital Economy of the Ministry of Communication and Information Bonifasius W Pudjianto at the Ministry of Communication and Information Technology Office, Central Jakarta, Friday . Boni said that the Ministry of Communication and Information, in terms of facilitating startup development in Indonesia, also pays attention to network expansion and also opens up opportunities for investors from within the country and abroad to see the potential of local startups. The program focused on this activity is called HUB.ID, a program released in 2021 and there are two activities in it, namely HUB.ID Accelerator and HUB.ID Summit. The HUB.ID Accelerator program focuses on opening networks for startups, while the HUB.ID Summit is a matchmaking event between startups and potential investors who are venture capital to explore investment potential. The Ministry of Communication and Information noted that by 2023 there will be 63 startups facilitated through HUB.ID activities. In 2024, HUB.ID will again hold the HUB.ID Summit event, but in collaboration with the Nexticorn foundation, the event is designed to be the NextHub Global Summit. This event will take place on 23-25 September 2024 in Nusa Dua, Bali with the theme "Defrosting the Tech Winter". Even though there was a "Tech Winter" condition in the startup ecosystem in Indonesia which caused many startups to close down, the Ministry of Communication and Information remains optimistic that in the post-pandemic period, the investment climate in the startup ecosystem is starting to improve. Boni said the Ministry of Communication and Information continues to be committed to providing support for the growth of digital startups in Indonesia through many programs. "This cannot be stopped, we must continue to encourage young colleagues to develop their businesses in a digital direction. Because digitalization can expand to many things, starting from MSMEs to downstreaming to strategic sectors," said Boni. He further added, "We at the Ministry of Communication and Information even oversee the agriculture, fisheries, education, health, logistics and tourism sectors so that these sectors can further grow, develop and have an economic impact on society." (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - Minister of Communication and Information (Menkominfo) Budi Arie Setiadi invited investors in the Technology, Information and Communication (ICT) sector to make Indonesia an investment destination for the development of artificial intelligence (AI). He conveyed this based on data that ASEAN continues to experience positive growth in the opportunities for AI's contribution to the regional economy, which in 2020 reached 1 billion US dollars, increasing to 11 billion US dollars in 2022. “Private investment destinations in the AI sector are still dominated by the United States, China and the United Kingdom. (Even though) the digital sector also continues to grow rapidly in the ASEAN region with the investment value in the ICT sector increasing," said Budi in Tangerang, Banten, Friday. While opening himself up to foreign investors investing capital for the development of AI in Indonesia, Budi also invited players in the national digital technology ecosystem to take the opportunity to develop AI as an innovation and solution. Budi said that the potential of AI is increasingly promising with the opportunity for competitive AI startup investment value to reach 1 trillion US dollars in ASEAN GDP by 2030. Meanwhile in Indonesia, the digital sector has succeeded in attracting approximately 22 billion US dollars of investment in 2023. "The market potential is also predicted to reach 210 billion to 360 billion US dollars in 2030, dominated by the e-commerce, online travel, transportation and food industries, as well as online media. The figure for AI's contribution to the Indonesian economy in 2030 is predicted to reach 366 billion US dollars. "This sector will be Indonesia's economic growth in the future," he said. The Minister of Communication and Information explained that this potential shows AI as emerging technologies or technology that is developing and increasingly trusted in various sectors. “As many as 73 percent of the 700 global AI developers believe that AI will be adopted by their organizations in the next two years. "AI is also trusted to provide solutions for various sectors in developing countries, such as in the fields of education, health, public and finance, as well as labor," he said. He also believes that efforts to create digital equality can also be bridged by AI, which is said to be an accelerator in the digital space. Acceleration of access to digital services using AI, said Budi, can occur through providing access to better information and public services, especially in rural or other remote areas. "Apart from that, AI also has the opportunity to increase economic productivity through automation and innovation, so that MSMEs are able to compete in the digital era," he said. Even so, he did not forget to mention that there are still several challenges in AI development that need to be watched out for and solutions sought so that Indonesia can become the right country for AI investment destinations by investors. One of them is uneven infrastructure development and limited funding which hinders internet penetration as a foundation for AI development. "Apart from that, the lack of transfer of knowledge from AI developing countries also limits the development of AI governance in a country," said Minister Budi. (SOURCE)
Oct, 01 2024
Penajam Paser Utara (ANTARA) - Foreign or foreign investment has entered the Archipelago Capital (IKN), Indonesia's new capital city located in Sepaku District, North Penajam Paser Regency, East Kalimantan Province, at the laying of the first stone marking the start of new physical development (groundbreaking ) stage eight reached IDR 1.15 trillion. "Foreign investment has entered IKN at the eight-day groundbreaking stage today," said President Joko Widodo in Sepaku, North Penajam Paser Regency, Wednesday. "Foreign investment has entered IKN from Australia in the education sector, as well as Russia and China in the property sector," he added The investment value from Australia is IDR 150 billion, Russia's investment value is IDR 500 billion and China's investment value is IDR 500 billion, said President Jokowi, when interviewed after the eighth phase of groundbreaking activities in Nusantara City, located in Sepaku District, North Penajam Paser Regency. Many foreign investors signed an initial commitment document for cooperation (letter of intent/LoI) in the development of Indonesia's future capital city. However, if it is not immediately approved, it must first go through a selection process to adapt the concept for the development of Indonesia's new capital city. "Adapting to existing needs in IKN, so that a good ecosystem is built, so that Nusantara City becomes an attractive location," explained Jokowi. Then there are also two local investments in groundbreaking marking the start of the new physical phase eight in Indonesia's new capital city, with an investment value of IDR 100 billion and IDR 25 billion respectively. Investment confidence from within and outside the country illustrates that Nusantara City is a very attractive place for investment. However, according to the President, the construction of government facilities is entirely handled by the government. The groundbreaking of phase eight in Nusantara City is not the end before the head of state's term of office ends, it could be that within the next week, many investors will want to lay the first stone for new physical development, said President Jokowi. (SOURCE)
Oct, 01 2024
Jakarta, 6/8/2024 Ministry of Finance – Minister of Finance (Menkeu) Sri Mulyani Indrawati emphasized that the government will pay attention to factors driving economic growth so that the growth target of 5.2 percent can be achieved in semester II-2024. “We will pay attention to consumption, investment, exports and imports. "We will continue to look at factors in this second semester, namely the third and fourth quarters, to ensure that economic growth can be maintained at a level of between 5.1 (percent) to even 5.2 (percent)," said the Minister of Finance in press statement at the President's Office, Jakarta on Monday (5/8). Based on data from the Central Statistics Agency (BPS), Indonesia's economic growth in the second quarter of 2024 grew by 5.05 percent (year on year/yoy) supported by strong domestic demand and increasing export performance. In terms of expenditure, household consumption as the main contributor grew by 4.93 percent (yoy) driven by longer religious holiday periods and school holidays. Apart from that, people's purchasing power is still maintained in line with controlled inflation, an increase in ASN salaries, the provision of a 13th salary with 100 percent performance allowance, as well as the creation of greater new jobs in early 2024 amounting to 3.55 million. Meanwhile, government consumption grew positively by 1.42 percent, mainly supported by quite high absorption of capital expenditure and goods expenditure, respectively at 39.5 percent and 6.1 percent. Meanwhile, investment growth or Gross Fixed Capital Formation (PMTB) was recorded to have strengthened by 4.43 percent (yoy), supported by the performance of building investment growth which grew 5.31 percent. One of the factors driving increased investment is the high absorption of government capital expenditure related to the completion of various National Strategic Projects (PSN), including the development of the Archipelago Capital City (IKN). On the other hand, the Government Borne Value Added Tax (VAT DTP) housing policy also encourages private sector property construction activity which continues to show an upward trend. Private investment activity which is still strong can also be seen from the performance of the realization of Foreign Direct Investment (PMA) and Domestic Investment (PMDN) which grew 22.49 percent, as well as the Manufacturing Purchasing Managers' Index (PMI) which was in the expansion zone throughout the second quarter. From the production side, all sectors grew positively in the second quarter of 2024. The manufacturing sector grew by 3.95 percent (yoy). Downstream-related industries, such as the basic metal processing industry and the non-metallic minerals industry, are also growing rapidly. The food and beverage industry, which is the largest contributor to the manufacturing sector, grew 5.53 percent. Another main sector, namely the trade sector, grew by 4.86 percent (yoy) in line with public consumption which was still strong. Other sectors such as agriculture, forestry, fisheries, tourism, transportation and warehousing, as well as the provision of accommodation and food and drink also grew positively in the second quarter of 2024. On the other hand, the mining sector experienced a slowdown, especially related to the decline in oil and gas and coal production. Resilient and consistent economic growth performance above 5 percent has a significant impact on community welfare. The unemployment rate will decrease from 5.45 percent in 2023 to 4.82 percent this year. Meanwhile, the poverty rate also continues to decline from 9.36 percent to 9.03 percent. Job creation in 2024 will also reach 3.55 million people, an increase from the previous 3.02 million people, which will continue to strengthen people's purchasing power in the future. The government will continue to monitor the risk of global economic stagnation which is expected to continue throughout 2024. The 2024 APBN will continue to be optimized to maintain stability and momentum of economic growth so that the growth target of 5.2 percent can be achieved. (SOURCE)
Oct, 01 2024
JAKARTA - Investment achievements in Indonesia are said to have reached IDR 6,931 trillion by June 2024. Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani explained that this figure was achieved during the Advanced Indonesia Cabinet period or the second period of the Jokowi administration. In the 2024 Investment Service Award event with the theme One Stop Integrated Service Performance and Accelerated Business Implementation Performance which was held on Monday (30/9/2024), Minister Rosan projected that the value of investment in Indonesia would continue to increase. According to him, the achievement of this investment realization shows that the policies issued by the government were responded to positively by investors, and what is even more interesting is that during this period the investment invested was spread not only on the island of Java, in fact it was mostly outside Java. "This is an increase of approximately 18% every year. And this is an increase in investment of 90.2% compared to 5 years ago," said Minister Rosan. "We know that we have to continue to make improvements, reform policies, policies and regulations in order to improve our investment climate. Moreover, with the Ciptaker Law which has provided cover, we have become more open," he added. It was further stated that apart from the large investment value, the Ministry of Investment/BKPM also recorded a workforce absorption of up to 7,188,479 people or an average of 1,437,695 people per year. On the other hand, the risk-based business permits that we have issued from 4 August 2021 - 27 September 2024 contain 10,382,846 Business Identification Numbers (NIB). "We issue the NIB through an online single submission system. This also shows that business licensing is easier and provides certainty, and the majority of permits we give are to SMEs," explained Minister Rosan. Rosan also emphasized to all relevant parties related to investment licensing to be more synergistic in providing certainty to the business world in order to create a good investment climate in Indonesia. He also hopes that all parties can improve investment services more than before. "We need to increase investment competitiveness, improve regulations, improve services, and accelerate business licensing in accordance with authority at both the central and regional levels. So we ask for cooperation, synergy, from all related parties related to investment licensing," he concluded. (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - Minister of Investment/Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani revealed that there were three achievements created from investment realization for the period October 2019 to June 2024. Rosan said that based on data from the Ministry of Investment/BKPM, there were three achievements made from investment realization for the period October 2019 to June 2024. First, there was an increase in investment realization during the Advanced Indonesia Cabinet period compared to the same period before. "During the Advanced Indonesia Cabinet period (2019) until June 2024, there was investment realization of IDR 5,931.3 trillion, which is estimated by the end of September 2024 to reach IDR 6,350 trillion, with an average investment growth of 18 percent per year," he said in Jakarta, Monday. Second, during the Advanced Indonesia Cabinet period, in terms of direct job creation, this investment absorbed 7,188,479 Indonesian workers, or an average of 1,437,695 workers per year. Third, equal distribution of investment, where since the third quarter of 2020, investment realization outside Java has always been higher compared to investment on Java. "The achievement of this realization shows that the policies issued by the government have been responded to very well, responded very positively, so that based on the distribution of this investment since 2020, many have been outside Java," said Rosan. The service innovations implemented by these new winners not only have a positive impact on the local investment climate, but also increase the competitiveness of their regions at the national level. This reflects that the standard of investment services in Indonesia is increasingly high, with many regional governments and ministries continuing to strive to improve their performance and services to attract more investors. (SOURCE)
Oct, 01 2024
Jakarta (ANTARA) - The National Council for Special Economic Zones (KEK) has approved the proposal to establish six new KEKs and one expansion of the Nongsa KEK in Batam with a target investment value of IDR 1,089.84 trillion. Coordinating Minister for Economic Affairs Airlangga Hartarto said that the KEK development is expected to create more than 14 million jobs. "Regulations will soon be prepared for all of these SEZ proposals and we are targeting the relevant Government Regulations (PP) to be completed in the second week of October 2024," said Airlangga in his statement in Jakarta, Wednesday. The KEK National Council will recommend to the President the establishment of a PP on 6 new KEKs and an increase in area for the Nongsa KEK. The 7 SEZs proposed are the first, the Sidoarjo Halal Industry SEZ, which is located in Sidoarjo Regency, East Java Province. The KEK has a land area of 796.65 hectares and is designed to support the development of the manufacturing sector which focuses on halal products. The Sidoarjo Halal Industrial SEZ is targeting investment realization of IDR 97.8 trillion in 2054 with a target workforce of 317,670 people. The second proposal is the Batuta Chemical Industrial Park KEK in East Kutai Regency, East Kalimantan Province. This KEK is designed to be an industrial center that focuses on the manufacturing sector with a land area of 748.9 hectares. With a total potential workforce of 432,964 people, KEK BCIP has an investment realization target of IDR 61.51 trillion in 2054. The third proposal is the Patimban SEZ in Subang Regency, West Java Province. This KEK has 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. Apart from the Patimban SEZ, the Subang SEZ which is also located in Subang Regency, West Java Province and is a manufacturing SEZ, this SEZ was proposed by PT Aneka Bumi Cipta to be the fourth proposed SEZ with a target of realizing investment in the Subang SEZ of IDR 134.59 trillion with a land area of up to 481.93 hectares. The fifth proposal, the Mangkupadi KEK is located in Bulungan Regency, North Kalimantan Province, is a proposal by PT Kalimantan Industrial Park Indonesia (KIPI). With a land area of 11,696.53 hectares. This KEK is targeted to absorb a workforce of 140,796 people and realize an investment of IDR 504 trillion. Sixth, KEK Batang Integrated Industrial Zone which is in Batang Regency, Central Java Province. This KEK targets investment realization to reach IDR 130.3 trillion with a land area of 2,886.87 hectares and a total workforce absorption of 325,651 people. Then seventh, the proposed land expansion in the Nongsa KEK covers an area of 22.43 hectares with an investment realization target of IDR 20.07 trillion. "The proposed expansion of the Nongsa KEK is to develop a data center where the proposer of this KEK is PT Taman Resor Internet with business activities from the Nongsa KEK, namely tourism, and research, technology development," explained Airlangga. (SOURCE)
Oct, 01 2024
BANDUNG, PRFMNEWS - The West Java Provincial Government has once again recorded a brilliant achievement by winning the first best award in the 2024 Investment Services Award (ALI). This award was given by the central government for the extraordinary performance of the West Java Provincial Government through the One Stop Integrated Services and Investment Service (DPMPTSP) in implementing One Stop Integrated Services (PTSP) and accelerating business implementation. This recognition reflects West Java's strong commitment to creating a conducive and friendly investment climate for business actors. In the 2024 Investment Services Award in the Provincial category, the West Java Provincial Government beat its two closest competitors, namely the Maluku Provincial Government as Second Best and the South Sumatra Provincial Government as Third Best. The award was received directly by the Acting Governor of West Java Bey Machmudin from the Minister of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani witnessed by the Minister of Home Affairs Tito Karnavian and the Minister for Administrative Reform and Bureaucratic Reform (PANRB) Abdullah Azwar Anas at Hotel Mulia, Jakarta, Monday 30 September 2024. Bey said that DPMPTSP's hard work was not in vain and this award showed that their performance was very good and not in vain. Bey hopes that investment can have a positive effect on alleviating a number of macro problems in West Java. "With the influx of investment, hopefully more jobs will be available. "And of course the West Java Provincial Government must also prepare its link and match program," he said. According to him, ALI 2024 should be a motivation to encourage continued innovation for better public services. "So the point is, don't just be satisfied with receiving this award, but you also have to continue to innovate. "The most important principle is that every West Java Provincial Government policy must be able to improve people's welfare," he said. The success and achievements of ALI 2024 cannot be separated from the various innovative programs carried out by the West Java DPMPTSP staff. Head of West Java DPMPTSP Nining Yuliastiani said these programs not only speed up the licensing process, but also facilitate access for business actors throughout the province. Some of the superior programs that have contributed greatly include: Provincial Integrated Service Center (P2TP): 1) This program provides integrated services to make it easier for the public and business actors to obtain permits and other services quickly and precisely. 2) Sakiceup Bos (Facilities for Business Actors to Work On the Spot): This service allows business actors, especially MSMEs, to get direct assistance from the government in processing permits at their business location. 3) Sampeurin UMK Car: Service car facility that specifically reaches micro, small and medium enterprises (MSMEs) in various remote areas of West Java, bringing services directly to where they are. 4) Cinematography of Investment Festival (CIFEST): An event to introduce investment potential in West Java through videography, as well as promote local MSEs. 5) West Java Investment Summit (WJIS): The largest investment exhibition in Indonesia which brings together investors with the government and business actors, creating opportunities for cooperation and strategic investment. 6) Investment Roadshow: This program brings various investment opportunities in West Java to the national and international level, encouraging the entry of new investment into various potential sectors. 7) Investment Challenge: An innovation competition that invites districts and cities in West Java to be actively involved in developing and promoting investment opportunities in West Java. This achievement is also reflected in West Java investment realization data which shows a positive trend. In 2023, West Java's total investment realization will reach IDR 210.6 trillion, with the largest contribution coming from the housing sector, industrial & office areas being the sectors with the largest investment realization. "Meanwhile, in the first semester of 2024, investment realization reached IDR 128.3 trillion, showing stable growth and optimism for the future of investment in West Java province," he said. Nining said this award further strengthens West Java's position as the main investment destination in Indonesia. According to him, the West Java Provincial Government, through DPMPTSP, is committed to continuing to improve service quality and opening up more opportunities for investors to contribute to regional economic development. (SOURCE)
Oct, 01 2024
Warta Ekonomi, Bandung - Consistently supporting West Java's investment growth performance, Bank Indonesia together with the West Java Provincial Government are holding the annual West Java Investment Summit (WJIS) flagship event for the sixth time by offering 170 potential projects to investors. WJIS 2024 carries the theme "Unleashing West Java Investment: Catalyst for Growth". This event was also attended by Acting. Governor of West Java Province, Head of Bank Indonesia Representative for West Java Province, Head of the One Stop Integrated Services and Investment Service (DPMPTSP), representatives of related Ministries/Institutions, West Java Regional Leadership Communication Forum, representatives of friendly countries, investors and project owners, financial institutions , corporations and other stakeholders. The series of WJIS activities began with a keynote speech delivered by the Deputy Governor of Bank Indonesia, Doni Primanto Joewono; Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan; and Plh. Deputy for Investment Promotion at the Ministry of Investment/Investment Coordinating Board, Saribua Siahaan. In the last five years, from 2019 to 2023, WJIS has succeeded in promoting 121 investment projects from various regions in West Java with a total investment value of more than IDR 614.43 trillion. The WJIS 2024 event presents 170 potential projects, and more than 40 ready-to-order projects worth a total of IDR 117 trillion. The investment value is higher than the implementation of WJIS 2023 which reached IDR 76 trillion. Deputy Governor of Bank Indonesia, Doni Primanto Joewono, explained three important roles of Bank Indonesia in encouraging investment as a source of sustainable economic growth. First, promoting investment both at home and abroad through synergy with various stakeholders to encourage sustainable economic growth. Second, integration of investor relations at regional, national and international levels. Third, Local Currency Transaction (LCT) as an effort to simplify international payment transaction mechanisms to make it easier for investors to invest and operate in Indonesia. "Apart from that, the formulation of Bank Indonesia's reference interest rate is very influential in shaping the investment landscape in Indonesia," said Doni online, Thursday (19/9/2024) Doni revealed, from 2019 to 2023, 14 Regional Investor Relations Units (RIRU) of Bank Indonesia throughout the country have succeeded in promoting more than 200 investment projects from various regions in the archipelago, with a total investment value exceeding USD 53 billion. These projects have been showcased through a series of collaborative investment promotion activities, which were carried out synergistically between the Head Office, Overseas Representative Offices and Domestic Representative Offices of Bank Indonesia together with the Central Government and related Regional Governments. "Of the total projects being promoted, around USD 16.8 billion of investment has been realized," he said. Meanwhile, the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, appreciated Indonesia's investment performance which in semester 1-2024 recorded significant growth. "This cannot be separated from the implementation of investment promotion activities, such as WJIS, which displays various strategic projects that attract the interest of foreign investors," he said. Luhut said that all the projects offered in WJIS 2024 have important value for the Indonesian economy, including regional interconnectivity such as the Cisumdawu toll road, Kertajati Airport and Patimban Port. "Currently, the government is focusing on strengthening the level of ease of investment, creating a conducive investment climate, and responding to various obstacles felt by investors," he said. Meanwhile, Plh. Deputy for Investment Promotion at the Ministry of Investment/BKPM, Saribua Siahaan, revealed that to accelerate investment in West Java, effective policy initiatives and collaboration are needed from the Government and related agencies. Fiscal and non-fiscal policies, including incentives that support the smooth and easy investment process, are very important. Saribua assesses that a conducive investment climate and legal certainty are also needed, along with the readiness of each project to be implemented. "West Java has become the main choice for foreign investment, especially those from Japan. This achievement needs to continue to be strengthened so that it contributes more optimally to a sustainable economy," he said. In line with that, the Acting Governor of West Java, Bey Machmudin, underlined that West Java's economic performance throughout the first semester of 2024 was good and stable, contributed by increasing investment realization, in line with the creation of an attractive investment climate. "The positive impact of incoming investment does not only stop with companies, but has a sustainable impact in creating jobs which is effective in reducing the unemployment rate," he said. This proves the importance of investment, both on the upstream and downstream sides, so that in the end it can support the development of overall economic transformation and improve community welfare. "The 2024 WJIS series also becomes a forum for important commitments made between project owners and foreign and local investors," he said. This was proven by holding a one-on-one meeting which was followed up with the signing of a Memorandum of Understanding (MoU) on various investment projects totaling around IDR 2.3 trillion, namely: (1) MoU between the Sukabumi Regency Government and CV Menata Citra Selaras regarding cooperation to increase productivity and downstream rice in Kab. Sukabumi worth IDR 1.5 trillion; (2) MoU between PT Tirta Gemah Ripah and PT Tigalapan Investama Group regarding water management worth IDR 300 billion; (3) MoU between PT Migas Utama Jabar and PT Subang Energi Abadi regarding energy management in West Java worth IDR 360 billion; And (4) MoU between Anaab Pte. Ltd from the United Arab Emirates and Perumda Air Minum Tirta Rangga Subang regarding the clean water supply project for the Patimban Port Area, Industrial and Domestic Zones in the District. Subang worth IDR 127 billion. Apart from that, in order to improve the quality of human resources in accordance with employment needs, an MoU was also signed between the West Java Provincial Government and PT Hyundai Motor Manufacturing Indonesia regarding the implementation of the Hyundai Academy Course for Vocational Schools in West Java. WJIS 2024 is also the culmination of the 2024 West Java Investment Challenge (WJIC) series which has been taking place since the beginning of the year. WJIC successfully produced 26 new potential projects from all districts/cities in West Java. As a form of appreciation, 5 winners of WJIC 2024 were determined, namely: Subang Regency Government as Best Investment Project for National Strategic Program, Purwakarta Regency Government as Best Investment Project for Basic Needs & Social Welfare, Sukabumi Regency Government as Best Investment Project for Inflation Control, Ciamis Regency Government as Best Investment Project for Local Economic Downstream, and Garut Regency Government as Best Investment Project for Regional Tourism. On the same occasion, BI West Java demonstrated its "Dedication to the Country" commitment to overcome the industrial skills gap and support the green economy, in the form of providing assistance with infrastructure to support electric vehicle practicum to six vocational schools in West Java. "This support is a concrete step by West Java BI to help encourage investment in terms of preparing a competent workforce to meet future industrial needs in a sustainable manner," concluded the Head of West Java Bank Indonesia Representative, Muhamad Nur. (SOURCE)
Sep, 23 2024
Bisnis.com, BANDUNG -- Bank Indonesia West Java is holding the West Java Investment Summit (WJIS) again for the 6th time in 2024. Head of the Bank Indonesia West Java Representative Office, Muhamad Nur, said that this year's WJIS event will offer more and more projects to domestic and foreign investors. So it is hoped that this investment absorption will encourage an increase in West Java's economic performance and of course leverage the national economy. What's interesting, when the opening ceremony was held, there were already five projects that had entered into a Memorandum of Understanding (MoU) with investors. "Thank God, the 6th WJIS 2024 has quite a lot of projects, and that at the opening alone there were already five MoUs and later there will be a one on one meeting and this process is in collaboration with DPMPTSP," he said, after opening the WJIS with the theme "Unleashing West Java Investment Potencies", at the Trans Convention Center, Thursday (19/9/2024). The five parties who have entered into the MoU are CV Menata Citra Selaras, PT Tirta Gemah Ripah, PT Tigalapan Investama Group, PT Migas Utama Jabar and PT Subang Energi Abadi. Nur said, before today, his party together with the West Java Provincial Government had already implemented a number of steps. Namely, the West Java Investment Challenge, preparation of a feasibility study, West Java Investment Roadshow, and finally WJIS. "The next stage is also one on one meetings, so that more investors will come and more will realize the investment we are offering," he said. He is optimistic that if the investment climate conditions in West Java can continue to be maintained and even improved, then the economy in West Java will continue to grow. (SOURCE)
Sep, 23 2024
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia today, Tuesday (3/9), officially opened the 7th Indonesia China Energy Forum (ICEF) in South Kuta, Bali. Indonesia stated its commitment to maintaining the stability of Chinese investment in the country so that it continues to run well. "I offer my fellow Chinese investors several potentials that we can develop together. This is the meeting to find the right formulation for joint business development," said Bahlil when opening the event. The energy sector, continued Bahlil, has a vital role in encouraging economic improvement and technological progress between the two parties. "We are committed to advancing common goals which include sustainable energy development, technological innovation and economic growth," he stressed. Bahlil mentioned the energy transition as a major breakthrough in realizing global commitments to achieve decarbonization. Indonesia even showed a serious attitude towards these efforts to the Chinese government. "We have developed a comprehensive Net Zero Emissions (NZE) Roadmap in the energy sector," he said. Regarding this, the Indonesian government offered collaboration opportunities to China. This offer is based on the large potential of New and Renewable Energy (EBT) resources owned by Indonesia, such as the Hydroelectric Power Plant (PLTA) in Kayan (13,000 MW) and Mamberamo, Papua (24,000 MW). "This is a potential that we offer to China to be able to collaborate together. We cannot do this alone," explained Bahlil. Another aspect that the government will focus on in the future is the existence of downstreaming that is oriented towards green energy and green industry. "The key to implementing this policy is the presence of electricity," added Bahlil. For this reason, based on the energy transition roadmap, the Indonesian government is implementing a strategy towards becoming carbon neutral from the supply side, such as focusing on solar, hydro, geothermal and hydrogen power plants. Apart from that, other steps taken are the gradual cessation of coal power plants, and the use of low-emission technology, namely CCS/CCUS technology. Meanwhile, from the demand side, these include the use of battery-based electric motorized vehicles, the use of biofuels, and the application of energy management. Cultivate a Sense of Comfort For Indonesia, the ability to achieve NZE by 2060 must still take into account the national context and conditions in each country. For example, Indonesia is still optimizing the development of fossil energy in line with massive progress in developing clean energy infrastructure. "We are currently studying, calculating and calculating domestic (energy) needs with economic geopolitics," said Bahlil. He believes that the cooperation and programs that have been produced under the bilateral framework between Indonesia and China continue to show significant progress. "There is no need to doubt this togetherness (cooperation). I believe that the first thing in investing is comfort. And Indonesia offers that sense of comfort," stressed Bahlil. In the future, the partnerships being forged in the energy sector must be mutually beneficial for both parties. "We will open the best possible space for doing business in Indonesia while still paying attention to the rules and must benefit everyone," he explained. The Indonesian government also expressed its appreciation to the Chinese government for holding this forum. "It is an honor for me to welcome all of you to Bali at the 7th Indonesia-China Energy Forum. I would like to express my appreciation to the Chinese delegation, especially to Administrator Zhang Jianhua for the cooperation in the energy sector that has been touring so far," concluded Bahlil. The Administrator of China's National Energy Administration (NEA), Zhang Jianhua, also conveyed the same thing. The Chinese government sees bright prospects for bilateral relations. "Indonesia and China in the (energy) development process have the same concept. We discussed strategic partnerships in influencing the international world market," said Zhang. The transfer of technology and human resources (HR) by China is expected to increase capabilities in managing domestic energy security. "Cooperation in the energy sector is solid cooperation to achieve success in people's welfare," he concluded. For information, Indonesia - China has a regular biennial bilateral forum, namely the Indonesia-China Energy Forum (ICEF) which is chaired by the Indonesian Minister of Energy and Mineral Resources and the Administrator of China's National Energy Administration (NEA). This forum was first held in 2002 and was attended by a number of government officials and Indonesian and Chinese business people. ICEF meetings have been held six times, with the 6th ICEF being held on 8-9 July 2019 in Beijing. After Indonesia hosted the 7th ICEF meeting this year, NEA China will next host the 8th ICEF in 2025. (SF) (SOURCE)
Sep, 23 2024
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