Bandung (ANTARA) - Acting Polish Ambassador to Indonesia Maciej Tumulec said that his party opened up opportunities to bring industry from the European country to invest in West Java in the renewable energy sector, vocational education, and the provision of agricultural machinery. In his meeting with the Acting Governor of West Java Bey Triadi Machmudin, on the sidelines of the 2024 West Java Investment Summit (WJIS) in Bandung, Thursday, Maciej expressed his interest in investment offers from West Java, such as in the field of renewable energy, especially in solar and geothermal energy which have great potential. . Then there is cooperation in the vocational education sector in an effort to increase the capacity of vocational schools, including students so they can match with the industrial world. As well as investment in the agricultural machinery sector, one of which is drying equipment as an effort to support the West Java Provincial Government's targets for certain commodities. When met after the meeting, Maciej admitted that apart from these sectors, he saw that West Java had several other potentials that were very attractive for investors to invest in. "In the meeting I wanted to explore the possibility of us investing in West Java which I see is very attractive for investors in the future. I see there are several sectors that are also interesting such as tourism, also electric vehicles, the agricultural sector, especially food processing where we are strong there, "Then waste management, I invite the Governor to explore this potential," said Maciej to ANTARA. Maciej admitted that currently they have invested in various Southeast Asian countries such as Vietnam, Malaysia, Singapore and the Philippines, but he still sees Indonesia as an attractive country for Polish industry. "And through WJIS 2024, we want to show that Indonesia is an interesting country for us because it has a very large population and economic dynamics. Therefore we hope that investors will also come here and see the possible investment potential that exists, including in education such as what was said earlier," he said. Despite various observations of the existing potential and the hope that investors in his country can invest in Indonesia, Maciej revealed that the decision regarding investment certainty rests with the investors themselves. "However, investors in Poland see Indonesia as a potential country for investing in various fields," he said. It is known that WJIS 2024 will be a presentation event for various strategic projects that are ready to be funded by investors covering various future needs. These strategic projects include the Water Supply System Project, Environmentally Friendly Energy Project, New Investment Area Project, Downstream Industry Project, as well as Agroindustry and Circular Economy. The investment realization targeted in the 2024 WJIS event is IDR 117.6 trillion, from 40 ready-to-work projects offered by West Java. (SOURCE)
Sep, 23 2024
Bisnis.com, BANDUNG - West Java Investment Summit (WJIS) 2024 confirms West Java's position in the green economic ecosystem which will be the future of the economy. Head of the West Java DPMPTSP, Nining Yuliastiani, said that during 2019 until the first semester of 2024, the flow of foreign and domestic capital continued to increase to West Java. Supported by 5 sectors that are always the favorites for investors, starting from the warehousing, transportation, telecommunications, motor vehicle industry, construction and others. West Java Province is ranked first in investment realization in Semester 1 - 2024 with a realized value of PMA and PMDN investment of IDR 128.3 trillion or an increase of 23.78% from 2023 in the same period. In practice, West Java has also been successful in accommodating investment in the electric vehicle sector from Hyundai, BYD, to Vinfast. BYD has confirmed that it will build a factory in the Subang Smartpolitan area on an area of 107 hectares, with an estimated investment value of US$ 1 billion. Meanwhile, the Vinfast company, which originates from Vietnam and operates in the automotive electric vehicle sector, has already carried out groundbreaking in the Subang area, with an estimated initial investment of US$ 200 million for market expansion to Indonesia. Nining said the presence of these EV manufacturers would boost the economy in the West Java region. "West Java will become the EV Hub in Indonesia, with investment plans reaching IDR 11 trillion, there will be 8,700 jobs opened once operations start in 2025," he said at the WJIS 2024 event, Trans Luxury Hotel, Bandung, Thursday (19/9/2024). Nining also ensured that West Java would become a home for investment in data centers and industry which was starting to move towards green industry. West Java, according to him, will provide full support for the implementation of the green economy. The opportunity for West Java to continue to be the main investment target was also expressed by the Head of Bank Indonesia West Java Representative, Muhammad Nur. According to him, West Java's economy will grow, supported by several factors even though there are still global geopolitical challenges that have an impact on the national and regional levels of West Java. According to him, the increase in optimism among business actors after one round of elections provides a positive signal for the investment climate in West Java. Bank Indonesia also explained that in the second quarter of 2024, the West Java economy grew 4.95%, an increase compared to the first quarter of 4.93%. Where, investment is still a sector to be proud of in West Java, because in the second quarter investment realization reached IDR 63.7 trillion and was the largest in Indonesia. For this reason, his party assesses that West Java's economic growth in 2024 is expected to remain high and be in the range of 4.6% - 5.4% (yoy). This optimism is based on domestic demand which remains strong in line with increasing social mobility and the potential impact of holding a democratic party on the aggregate economy. "Apart from that, West Java investment also continues to grow, even now it is the highest nationally," he concluded. (SOURCE)
Sep, 23 2024
Bandung - Acting Governor of West Java, Bey Machmudin revealed the wealth of both natural and human resources in his area. In front of investors at 'The 6th West Java Investment Summit 2024: Unleashing West Java Investment, Catalyst for Growth', Bey began by explaining the economic conditions in the second quarter of 2024 in West Java which are still relatively stable with a growth rate of 4.95 percent from 2024. to year. "Economic stability is supported by the investment sector with growth of 1.40%. There was an increase in investment realization between the first semester of 2023 and the first semester of 2024, which is directly proportional to the increase in labor absorption," said Bey in his speech before the audience in English, Thursday (19/9/2024) at The Trans Luxury Hotel Bandung. In addition, West Java is directed as a center for cutting-edge industrial innovation and global STEAM education, as well as a pillar of national food security. This has resulted in a large number of high-tech foreign investments in West Java. Investment in West Java, the future, is directed as a driving force in encouraging economic transformation to get out of the middle class trap (middle income trap). This is done by improving the investment climate, increasing the quality and competency of the workforce. "With foreign investment in West Java largely driven by high-tech industries, it is critical for the local workforce to prepare for the future and embrace new skills for a technology-driven economy," said Bey. Three Visions for West Java in 2045 He also revealed that there are three visions for West Java in 2045, namely having the highest level of progress and development compared to other provinces, having an advantage at world level in various aspects, and being able to ensure the preservation of natural resources and environmental quality with good governance in the long term. long. Bey also mentioned the continuation of new industrial city projects in the Rebana area that are ready to be launched, namely Cipali New Industrial Zone in Subang and Kertajati Aerotropolis in Majalengka. The West Java Provincial Government seems quite confident in the investor meeting agenda, by showing off 170 potential investments, 40 projects ready to be offered, and 37 existing project exhibitions. "We from the West Java Provincial government certainly express our gratitude and welcome to investors. Our target in this West Java Investment Summit is the targeted investment of IDR 117.6 trillion from a total of 40 projects being offered," said Bey. This agenda also saw the moment of four signing agreements, namely between the Sukabumi Regency Government and CV Menata Citra Selaras, PT Tirta Gemah Ripah and PT Tigalapan Investama Group, PT Migas Utama West Java and PT Subang Energi Abadi, as well as the West Java Provincial Government Secretariat and PT Hyundai Motor Manufacturing Indonesia. Apart from that, there were also awards in five regions as Best Investment Challenge. The Best Investment Project for the National Strategic Program was won by Subang Regency, the Best Investment Project for Basic Needs & Social Welfare was won by Purwakarta Regency, the Best Investment Project for Inflation Control was won by Sukabumi Regency, the Best Investment Project for Downstream Local Economy was won by Ciamis Regency, and the Best Investment Project for Regional tourism was achieved by Garut Regency. "Earlier, for example, when the MoU was signed, there were several technological improvements, such as in Sukabumi, the increase in rice productivity was worth 1.5 trillion. So we encourage investment to go to West Java, because only with investment can we open jobs and also increase economic growth in West Java," Bey hoped. So far, according to Bey, investor interest has been very good. He also seems optimistic that more foreign companies will invest in West Java, one of which is an automotive company from Vietnam. Not to mention various other countries outside the Asian continent. "I see that they are interested. Some are already convinced that they will invest from Vietnam, VinFast will be produced next year, it's an electric vehicle, so several areas such as Subang, Karawang and also BIJB Aerocity have started land acquisition of 1,600 hectares. So "Yes, for Kertajati there has been investment. So far, Japan, South Korea, China, Singapore, UAE, Australia, the Netherlands, Tanzania, Poland and Angola are interested," said Bey. On the other hand, Head of Bank Indonesia West Java Province Representative, Muhammad Nur said that this agenda was held regularly to attract and provide knowledge to potential investors. Everything was done for the sake of developing West Java Province. "Thank God, today we have opened our 6th WJIS activity in 2024, and there are quite a lot of projects on offer. The most important thing is that at the opening alone we already have 5 MoUs, later there will also be one on one meetings. Process "We have always collaborated with the ranks, through various activities, and we have also carried out something called an investment challenge," he said. "Hopefully we will be better prepared for the next event. So that later more investors will be able to realize the investments we have offered. So this is a very good collaboration and we hope this will continue to encourage economic growth in West Java Province," added Nur. Also present on the agenda was the Deputy for Investment Promotion at the Ministry of Investment, Saribua Siahaan. He, representing the central government, admitted that he was happy with the investor meeting to find out the potential in West Java. According to him, investors who come must be made easier and welcomed for the sake of the progress of West Java. Saribua also revealed that West Java is one of the places most favored by investors. "One of the ways the government convinces investors is through investment project ready to report. This means that when he is interested in a project, he can already calculate how much he actually wants to invest, what the IRR is, and how long it will take to develop. So that is "One certainty for investors before he decides, okay, I will invest in this sector, the location is here," said Saribua. "So this is the development of the best destination. It is proven that investment in West Java, especially Japan, is very large. 80% of investment from Japan is in West Java. So our collaboration between investment and West Java, the sociality of this capital receipt is very- very good," added Saribua. (SOURCE)
Sep, 23 2024
Bandung (ANTARA) - Acting Governor of West Java Bey Machmudin emphasized that efforts to boost investment have yielded sweet results in West Java's economic growth rate, which remains stable. Bey said, in terms of economic growth, West Java's economy remained stable in the second quarter of 2024, with an annual growth rate of 4.95 percent. "This stability is largely driven by the investment sector, which grew by 1.40 percent," he said at the 2024 West Java Investment Summit (WJIS) in Bandung, Thursday. This surge in investment has had a significant impact on labor absorption from 119,866 workers in the first half of 2023 to 185,967 workers in the first half of 2024. "These figures clearly show a direct relationship between investment realization and job creation," he said. Bey pointed out that investment realization in West Java jumped from IDR 103.6 trillion in the first semester of 2023 to IDR 128.32 trillion in the first semester of 2024. This increase shows the attractiveness of this province and its success in creating a good investment climate. "More importantly, this increase in investment has a direct impact on job creation," he said. In the first semester of 2023, as many as 119,866 people were absorbed into the world of work, and this number increased sharply to 185,967 people in the first semester of 2024. Because of this, Bey ensures that there is a direct relationship between investment and employment, showing the important role of investment in West Java's economic growth. According to him, West Java's economic development is not just about numbers, but also about improving the quality of life, opening up opportunities and building a better future. Since 2010, economic growth has been stable at 5-6 percent with per capita income ranging from 2,300 US dollars to 2,500 US dollars. "This progress continues, building a strong foundation for future development," he said. (SOURCE)
Sep, 23 2024
TIMENEWS.co.id – West Java Province has once again made a brilliant achievement by becoming the largest foreign investment destination in Indonesia. Based on the latest data, West Java recorded investment realization from investors of USD 8.28 billion or equivalent to IDR 123.48 trillion this year. This achievement places the province in the top position as a favorite for foreign investors, ahead of other provinces in Indonesia. West Java's success in attracting investor interest cannot be separated from various supporting factors that make it a very attractive region for investment. Increasingly developed infrastructure, easy accessibility and quality human resources are the main attractions. Apart from that, the provincial government which is proactive in supporting the investment climate through various investor-friendly policies also plays a role in increasing investor interest. Leading Sectors Several leading sectors that are excellent for investors in West Java include manufacturing, technology, property and infrastructure. The manufacturing sector, especially the automotive, electronics and textile industries, remains the backbone of West Java's economy. Many multinational companies choose to set up factories or expand in industrial areas in this province, especially in the Bekasi, Karawang and Cikarang areas. Apart from that, the technology sector is also showing rapid development, with many startups and technology companies starting to see the potential of West Java as their operational base. The area around Bandung, which is also known as a center for education and research, has become a center for technological innovation that attracts investors from various countries. The support of the West Java provincial government under the leadership of Governor Ridwan Kamil is one of the key factors in the province's success in attracting investment. With massive infrastructure development initiatives such as the construction of toll roads, airports and ports, West Java is increasingly integrated with major markets, both at home and abroad. Large projects such as the construction of the Patimban Port in Subang also open up opportunities for West Java to become an import-export gateway in Indonesia. Not only that, tax incentive policies, simplifying licensing, and efforts to speed up bureaucracy through digital systems also make it easier for investors to run business in West Java. All these steps create a conducive and efficient business climate, thereby increasing the province's competitiveness in the eyes of global business players. Future Prospects With the success of recording large investment realizations, West Java's economic prospects in the future look very promising. Apart from making a significant contribution to national economic growth, this investment flow is also expected to create new jobs and improve the welfare of local communities. The development of various industrial areas, infrastructure projects and initiatives in the digital sector will encourage more inclusive and sustainable economic growth. Overall, West Java's success in becoming a favorite for foreign investment in Indonesia is the result of good collaboration between local government, business people and the community. With a strong foundation and a commitment to continue increasing its investment attractiveness, it is not impossible that West Java will continue to be a major destination for investors in the next few years, further strengthening its position as one of the most important provinces in Indonesia. West Java's achievement in attracting foreign investment of IDR 123.48 trillion shows how strong the attraction of this province is for investors. Quoted from YouTube creative Hamdi, Thursday 19 September 2024. With capable infrastructure, progressive government support, and broad economic potential, West Java now stands as one of the leading centers of economic growth in Indonesia. In the future, it is hoped that West Java's success will further strengthen the role of this province as a driving force for the national economy and create more equitable prosperity for the community with investment and investors. (SOURCE)
Sep, 20 2024
Bandung (ANTARA) - Head of the West Java Province Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, revealed that the 2024 West Java Investment Summit (WJIS) will be attended by 10 countries with an investment realization target of around IDR 117.6 trillion. These ten countries, continued Nining, have been confirmed to take part in the exhibition on September 19 2024 by presenting a total of 210 investment projects in West Java consisting of 170 potential investments and 40 projects ready to offer or ready to be worked on. "Like Singapore, then China, South Korea, Japan. From Europe there are the Netherlands, Poland, Azerbaijan, besides that, Afghanistan and Angola and Australia," said Nining after the Bewara West Java (BEJA) Volume 10 event entitled WJIS 2024 at Gedung Sate Bandung , Tuesday. He continued that there are six project categories offered through WJIS 2024, namely infrastructure connectivity, most of which are in the Rebana area, namely Kertajati Aerocity. "Including us offering the Pakuan tram in Bogor, which was then offered by the regional government, this is also good," he said. Next, said Nining, regarding the water supply system in the Rebana and South Bandung areas, which is also being offered to investors. "Then there is a project for a new industrial area. This is because they see our success in offering the Subang Smartpolitan industrial area," he said. Not only that, agro-industry involving MSMEs is also offered, such as coffee products, then zero emission clove production. In meeting the global need for quality cloves, through sophisticated equipment. "Then downstream projects, namely downstreaming, we also offer here," he said. Of all that, Nining added that his party is targeting and hoping for a realization of investment of around IDR 117.6 trillion in efforts to support the development of West Java. Likewise, Deputy Head of the West Java Bank Indonesia Representative Office, Muslimin Anwar, said that with a large investment value of IDR 117.6 trillion, the 2024 WJIS activities must be fully supported. "But apart from that, there are investment challenges for 27 cities/districts, which the regional government hopes can explore their potential to offer to investors so that later, it will have an impact on maintaining economic stability in West Java. Therefore, this activity must be fully supported," said Muslim. (SOURCE)
Sep, 20 2024
Bandung (ANTARA) - Head of the West Java Investment and One Stop Integrated Services Service (DPMPTSP) Nining Yuliastiani said the 2024 West Java Investment Summit (WJIS) was a confirmation of West Java's position in the green economic ecosystem which is predicted to become the economy of the future. This, he said, on the sidelines of WJIS 2024, Thursday, could be seen from the increasing number of investments entering the electric vehicle sector, from Hyundai, BYD, to Vinfast. BYD, he said, has confirmed that it will build a factory in the Subang Smartpolitan area on an area of 107 hectares with an estimated investment value of one billion US dollars. Meanwhile, the Vinfast company which originates from Vietnam and operates in the electric vehicle sector has laid the first stone in the Subang area with an initial investment of US$ 200 million for market expansion to Indonesia. "With the presence of EV manufacturers, West Java will become the EV Hub in Indonesia, with investment plans reaching IDR 11 trillion, there will be 8,700 jobs opened once operations start in 2025," said Nining. Nining also ensured that West Java would be a home for investment in the data center sector, and industries that are moving towards green industry with their implementation will definitely be fully supported by the government. The opportunity for West Java to continue to be the main investment target was also expressed by the Head of Bank Indonesia West Java Representative, Muhammad Nur, who revealed that the economy in West Java would grow, supported by several factors even though there were still global geopolitical challenges that had an impact on the national and regional levels of West Java. According to him, the increase in optimism among business actors after one round of elections provides a positive signal for the investment climate in West Java. Bank Indonesia also explained that in the second quarter of 2024, the West Java economy grew 4.95 percent, an increase compared to the first quarter of 4.93 percent. Investment itself is still a sector that West Java can be proud of, because in the second quarter investment realization reached IDR 63.7 trillion and was the largest in Indonesia. For this reason, his party assesses that West Java's economic growth in 2024 is expected to remain high and be in the range of 4.6 percent to 5.4 percent on an annual basis (year on year/yoy). This optimism is based on domestic demand which remains strong in line with increasing social mobility and the potential impact of holding a democratic party on the aggregate economy. "Apart from that, West Java investment also continues to grow, currently even being the highest nationally," he said. Nining explained that from 2019 to the first semester of 2024, the flow of foreign and domestic capital continued to increase to West Java, especially in five sectors that have always been the favorites for investors, starting from the warehousing, transportation, telecommunications, motor vehicle industry, construction and others. West Java Province is ranked first in investment realization in Semester 1 of 2024, with the investment realization value of Foreign Investors (PMA) and Domestic Investors (PMDN) amounting to IDR 128.3 trillion or an increase of 23.78 percent from 2023 in the same period . (SOURCE)
Sep, 20 2024
Jakarta, CNBC Indonesia - The Ministry of Public Works and Public Housing (PUPR) has targeted 34 PUPR projects to be implemented through the Government Cooperation with Business Entities (KPBU) scheme by 2025. Of this total, at least 10 toll road and bridge projects are included in the plan. Of the 10 toll road projects, three have entered the transaction stage with an investment value of IDR 91.99 trillion. The Gedebage-Tasikmalaya-Ciamis (Getaci) toll road, which will be the longest toll road on the island of Java, will enter the transaction stage in 2025. "For those in the transaction stage in 2025 in the road and bridge sector, there are 3 toll road projects with a length of 265.5 km with an investment value of IDR 91.99 trillion, namely the Gedebage-Tasikmalaya-Ciamis (Getaci) Toll Road, the Gilimanuk-Mengwi Toll Road, and the South Sentul-West Karawang Toll Road," said PUPR Director General of Infrastructure Financing Triono Junoasmono in a written statement, Monday (9/9/2024). Furthermore, seven of them are still in the preparation stage with an investment value of IDR 124.02 trillion. Meanwhile, three toll road projects. The Ciranjang-Padalarang Toll Road, Bandung Inner City Toll Road, Pejagan-Cilacap Toll Road are three of the seven that are already in the preparation stage. Previously, Triono said that of the 34 projects that will be implemented through the Government Cooperation with Business Entities (KPBU) scheme in 2025, ten are toll road projects, 14 PPP projects are in the Water Resources (SDA) sector, seven are PPP projects in the residential sector, and three housing sector PPP projects. (SOURCE)
Sep, 20 2024
KONTAN.CO.ID - JAKARTA. Investments in the new and renewable energy (EBT) sector, especially geothermal energy, aka geothermal, are increasingly being attracted by investors. Five companies, such as Sinarmas and Medco, are also securing geothermal assets with a total investment of IDR 27 trillion. The Ministry of Energy and Mineral Resources (ESDM) announced 5 winners of the auction for Geothermal Working Areas (WKP) and Preliminary Survey and Exploration Assignment Areas (WPSPE) in 2024. In detail, there are 320 megawatts (MW) of geothermal potential that will be exploited by 5 companies with a total investment of US$1.82 billion (equivalent to IDR 27.91 trillion assuming the current exchange rate). "Mr President will respect the determination of domestic and foreign business entities as auction winners for 7 geothermal areas," said Minister of Energy and Mineral Resources Bahlil Lahadalia, Wednesday (18/9). The Ministry of Energy and Mineral Resources also announced the results of the bid for 7 Geothermal Working Areas and Preliminary Survey and Exploration Assignment Areas (WPSPE), namely: WKP Cisolok-Sukarame 40 MW. Winner PT Daya Anugrah Sejati Utama, a subsidiary of Sinarmas. Investment US$ 210.5 Million WKP Nage 40 MW. Winner PT Daya Anugerah Sejati Utama, a subsidiary of Sinarmas. Investment US$ 205.7 Million Hu'u Daha WKP 60 MW. Winner PT Sumbawa Timur Mining. Investment US$ 404.4 Million WKP Toka Tindung 40 MW. Winner PT EDC Indonesia. Investment of US$ 228 Million WPSPE Koto Sani Tanjung Bingkung 40 MW. Winner PT EDC Indonesia. Investment 228 Million WPSPE Bora Pulu 40 MW. Winner PT Medco Power Indonesia. Investment of US$ 229 Million WPSPE Samosir 40 MW. Winner PT Medco Power Indonesia. Investment of US$ 202 Million Trim Licensing Duration To encourage investment in the geothermal sector, the Government is considering relaxing investment licensing in the geothermal sector. This licensing relaxation will provide fresh air to accelerate the construction of Geothermal Power Plants (PLTP). The granting of this permit relaxation is to accelerate geothermal development by speeding up licensing times which is considered to be one of the current obstacles. This permit relaxation is granted because investment in the geothermal sector has complicated permits that require quite a long time, making investors in this sector less interested. President Joko Widodo said that it would not be strong if you had to be an investor who had to wait 5-6 years to start PLTP construction in Indonesia. Jokowi admitted that he was surprised because so far geothermal development in Indonesia has not proceeded quickly. In fact, Indonesia has large geothermal potential, namely 24 gigawatts (GW). Apart from that, many investors are starting to look at developing new and renewable energy “Imagine just 5 - 6 years to start construction. That's if people are impatient, if investors are impatient, it's impossible to do it, wait up to 6 years. If I'm not strong. "I am, even though many say I am patient, waiting 6 years is not strong enough," said Jokowi at the IIGCE 2024 agenda in Jakarta, Wednesday (18/9). Likewise, Minister of Energy and Mineral Resources Bahlil Lahadalia said that Indonesia has the largest geothermal potential in the world at 40% or the equivalent of 24 Giga Watt (GW). Currently, PLTP capacity has reached 2.6 GW or the second largest in the world. Meanwhile, PLTP electricity capacity reaches 18.5% of the total national New and Renewable Energy (EBT) electricity. The construction of the PLTP has created approximately 900 thousand jobs and is able to contribute approximately IDR 16 trillion to the country. PLPN continues to grow with a 10% increase in the potential utilized by Indonesia. On the other hand, said Bahlil, there are still several issues that make the use of geothermal energy the main challenge. Bahlil said that the requirements and permits in the EBT sector are complicated and take a long time, causing doubts for investors. "We will cut both terms and time to encourage investors to accelerate investment. So investors don't need to hesitate. I have reported that President Jokowi and President Prabowo will carry out various constructive reform steps in acceleration," said Bahlil. Bahlil said that the exploration time for geothermal fields takes 2-3 years, construction can only be carried out in the 6th year, this creates obstacles for Indonesia to achieve Net Zero Emission (NZE) 2060. (SOURCE)
Sep, 20 2024
JAKARTA – The number of sharia stock investors on the Indonesia Stock Exchange (BEI) experienced significant growth until early September 2024. Based on data collected from Sharia Online Trading System (AB-SOTS) Exchange Members as of September 9 2024, the number of sharia stock investors increased by 240% in in the last five years, from 44,536 investors in 2018, to 151,560 investors in July 2024. From a geographical perspective, as of June 2024, at least the 6 largest regions on the island of Java still dominate the distribution of sharia investors, led by DKI Jakarta (18%), West Java (14%), East Java (12%), Central Java (9%), DI Yogyakarta (6%), and Banten (4%). Meanwhile, Aceh province is a 'Special Region' whose requirements for the application of Islamic sharia law still contribute 3% of the total sharia investors as of June 2024. In terms of transactions, as of September 9 2024, the average daily volume of stock transactions included in the Indonesian Sharia Stock Index (ISSI) has reached 76% of the total transaction volume on the IDX. The total value of sharia share transactions in the first half of 2024 has reached IDR 2.2 trillion, with a volume of 5.8 billion shares. A number of Java regions still control the majority of transactions. Even though it is not included in the top 10 largest sharia investors, East Kalimantan province actually rose to 6th place, with total transactions of IDR 60.89 billion, overtaking DI Yogyakarta in 7th place. The increase in the number of sharia stock investors cannot be separated from a series of product development innovations in the sharia capital market, one of which is waqf products. (SOURCE)
Sep, 12 2024
Cianjur - The Cianjur Regency Government is open to investment, especially in the hospital health sector. The reason is, Cianjur currently still lacks hospitals. Cianjur Regent Herman Suherman said the area nicknamed 'Santri City' still lacks three hospitals with a patient capacity of 1,500 beds. Herman said that with a total population of 2.6 million people, Cianjur requires a total of 2,600 beds for inpatient treatment. However, initially Cianjur only had 6 hospitals with a total of 1,000 inpatient beds. "We still don't have enough beds," said Herman, Monday (9/9/2024). Herman said that his party is very open to investment in the health sector. Because Cianjur still needs around 3 hospitals to meet health service needs. "We will simplify and speed up all forms of licensing, so that investment in the health sector is easier to enter for the sake of the Cianjur health index. Because we still need 3 more hospitals, especially in the southern region," he said. The shortage of hospitals in Cianjur is slowly being answered. Edelweiss Hospital officially operates and adds to the total number of hospitals in Cianjur. "Of course we will be helped by this new hospital, so we can increase health services in Cianjur Regency. Apart from that, residents will have an alternative to having a hospital if they are sick," he said. Chairman of Edelweiss Healthcare Group, Syauqi Robbani, said that at Edelweiss Cianjur Hospital a total of 150 beds were prepared for inpatient treatment. "Today our hospital officially opened. The process is quite fast, only 3 years from initial planning. For this initial stage we prepared 100 beds, then increased to 150 beds. For our workforce we absorb 450 people," he said. Meanwhile, Director of Edelweiss Cianjur Hospital, Ratih Rustiati, said that Edelweiss Hospital is equipped with modern facilities and professional medical staff. "We are committed to providing excellent, friendly, and most importantly affordable service to all patients for better public health," he said. (SOURCE)
Sep, 11 2024
Bisnis.com, BANDUNG — Even though the areas that are the destination for investment realization in West Java are still controlled by the Bodebekarpur and Greater Bandung areas, in the last three years the distribution of investment has begun to be evenly distributed throughout West Java. Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, said that his party does not want investment to only focus on the Karawang and Bekasi areas which already have established industrial areas. "Investment is not evenly distributed, we have paid attention to it, because we don't want only Karawang, Bekasi to progress and not the others," he said, Monday (9/9/2024). One thing that lifts the veil on investment equality is Presidential Decree 87/2021 concerning the Rebana Region and Southern West Java. After the regulation appeared, investment realization, especially in the Rebana area, increased. "It feels like the investment has doubled, now Subang has reached IDR 3 trillion in the middle of the year. "Indeed, there is a strong correlation between the central and regional governments to support equitable investment with the availability of necessary infrastructure in the region," he said. Meanwhile, for the southern part of West Java, the regulation encourages regions in the region to start offering strong investment potential to investors. "We offer it, then make it attractive, we inform investors," he said. South West Java itself has enormous MSME potential. Nining pointed to Tasikmalaya which has great potential to be developed. "How do they become aware of their business so that it develops with access to financing, we coordinate with several cross-sectors and vertical agencies, so that South West Java begins to be looked at for investment," he said. One of the things that will be offered from South West Java is agricultural potential at the West Java Investment Summit (WJIS) 2024, 19 September. (SOURCE)
Sep, 11 2024
Cianjur (ANTARA) - The Department of Investment and One Stop Integrated Services (DPMPTSP) of Cianjur Regency, West Java, recorded investment realization for the third quarter of August 2024 reaching IDR 1,309,799,410,996 or 71.96 percent of the target of IDR 1,820,061,327,000. Head of DPMPTSP Cianjur Dadan Ginanjar in Cianjur Friday, said that Micro and Small Business Licenses (IUMK) contributed the largest investment in Cianjur from 11 sectors in the Implementation of Risk-Based Business Licensing through the Online Single Submission System (OSS RBA). "IUMK was recorded with a realization of IDR 324,550,630,875 or 17.83 percent, the trade and services sector with a realization of IDR 321,053,985,154 or 17.64 percent," he said. Continuing with foreign investment (PMA), the realization reached IDR 185,521,000,439 or 10.19 percent, while the Investment Activity Report (LKPM) from the 10 largest sectors of trade and services amounted to IDR 15,254,500,000 or 0.84 percent, followed by industrial sector IDR 9,689,700,000 or 0.53 percent. Looking at the investment figures that have been recorded as of August, the party is optimistic that it can achieve the investment target throughout 2024 of IDR 1,820,061,327,000 before the end of the year or even have an excess or surplus. "The high achievement figures throughout 2024 are a result of joint hard work across departments and the trust of investors to invest their capital in various business fields in Cianjur," he said. In fact, to attract as many investors as possible to invest in Cianjur, the Cianjur Regency Government provides various programs and facilities including issuing Regional Regulation Number 13 of 2023 concerning Providing Incentives and Ease of Investment. As well as all levels of the Cianjur Regional Leadership Communication Forum (Forkopimda) guarantee the ease of safe and comfortable investment, so that investors can choose the location they want to go to through the Regional Spatial Plan which will soon have regional regulations issued. "Various investment fields are wide open in Cianjur, especially now that the RTRW has been issued and will soon be legalized, so that investors can choose the appropriate location without hesitation because it has already been mapped," he said. (SOURCE)
Sep, 10 2024
MITRAPOL.com, Sukabumi West Java – The Regent of Sukabumi, H. Marwan Hamami, inaugurated the opening of the Sukabumi Expo 2024 at Cangehgar Square, Palabuhanratu, Friday (6/9/24) evening. This event was enlivened by various West Javanese cultural arts performances. The Sukabumi Expo is an inseparable part of the Sukabumi Regency Anniversary commemoration which is routinely held every year. This activity aims to showcase the development achievements achieved by the government. At the 154th anniversary of Sukabumi Regency, 68 booths from various government agencies, BUMD, BUMN, and the private sector also enlivened the exhibition. The theme of the 2024 Development Exhibition is "Continuing the Work to Achieve Community Welfare." According to Regent Marwan Hamami, this annual activity is expected to increase investment in Sukabumi Regency, as well as promote local superior products. "For this reason, through this development exhibition it is hoped that we can expand investment entering Sukabumi Regency," said the Regent. The Regent also invited the public to be inspired by this big event and view Sukabumi as an attractive place to invest. "This Expo is to provide convenience for those who want to invest," he added. Furthermore, Regent Marwan stated that the Sukabumi Expo functions as a reflection of the development that has been carried out, with the hope that all Sukabumi people can feel the benefits. "This event must be conditioned from time to time so that in the future it will foster better development," he explained. The Regent hopes that the Sukabumi Expo 2024 will be able to expand economic and investment opportunities which will have a direct impact on the welfare of the people of Sukabumi. Head of the Sukabumi Regency Trade and Industry Service, Dani Tarsoni, explained that the Sukabumi Expo 2024 was held in two different locations, namely at the Gelanggang Cisaat GOR from 11 to 18 August, and at the Cangehgar Palabuhanratu Field from 6 to 10 September 2024. “Both locations are both for showcasing superior products. "And thank God, the average turnover we received during the 7-day expo at Gelanggang Cisaat Gorge reached almost one billion rupiah," said Dani. Dani hopes that this activity can become a forum for promoting various regional potentials, as well as opening up investment opportunities, especially for MSME products in Sukabumi Regency. On the same occasion, the Regent also launched several superior programs from the Sukabumi Regency Disdagin, such as Sakarsa Digitek (Application System Collaboration Strategy and Digitalization for Sustainable Community Economic Transformation) and Sakila (One Card to Turn on Literacy) along with the book "Pesona Wonderful Sukabumi Seri Pesona Pajampangan. ” After launching the program, the Regent and Forkopimda officials marked the opening of Sukabumi Expo 2024 by pressing the siren button, followed by cutting the ribbon and inspecting the exhibition stands. (SOURCE)
Sep, 10 2024
Warta Ekonomi, Cirebon - PT PLN (Persero) Central Java Development Unit (UIP JBT) has successfully completed three electricity infrastructure development projects in West Java. This success was marked by the completion of the process of providing the first voltage (energize) on the three infrastructures. The three projects are SUTT Reconductoring 150 kV Rancaekek - Sunyaragi (Section 3), SUTT 150 kV Jatigede Incomer Line 1 Towards 150 kV New Kadipaten Substation and SUTT 150 kV Jatigede Incomer Line 2 Towards 150 kV New Sunyaragi Substation. All three will certainly strengthen the electricity system in West Java in supplying customers' electricity needs. Plh General Manager of PLN UIP JBT, Achmad Ismail said that along with the increasing growth in electricity consumption, PLN also continues to strive to maintain the quality and reliability of the electricity system. The construction of the 150 kV Rancaekek - Sunyaragi SUTT (Section 3) is an effort to improve the reliability of the electricity system in Cirebon, Majalengka and surrounding areas. In addition, the addition of new power plants in West Java also has an impact on the provision of new electricity system networks. “Currently, as we know that customers' electricity needs continue to increase, therefore it is an obligation for PLN to also strengthen the electricity network so that the electricity consumed by customers is quality electricity. In addition, the existence of new power plants such as Jatigede Hydroelectric Power Plant also requires transmission to evacuate its power,” Ismail explained in Cirebon Regency, Saturday (31/8/2024). Ismail added, the construction of new plants carried out by PLN at this time was due to the energy transition towards new renewable energy (EBT). “Jatigede Hydroelectric Power Plant is a manifestation of the commitment of the Government and PLN in realizing the energy transition in order to reduce the emission rate,” he said. PLN invested no less than Rp 335 billion to build the three projects. In the construction of this project, PLN also managed to accelerate the construction which was originally targeted to be completed in November 2024, but was successfully completed today. “All of this work also has a positive direct impact on the surrounding area with the success in absorbing local labor reaching 300 people,” he said. Ismail also expressed his gratitude to all parties who struggled and contributed to this great success. According to him, each party has an important role in its position and it has also been carried out well so that the project can be completed well and even faster than the predetermined target time. “We really appreciate the efforts that have been exerted by all parties involved in this development, starting from the Government, Contractors, PLN Group and of course all the teams in the field who struggled hard to complete this project. Hopefully this infrastructure can operate reliably and provide quality electricity for our customers,” he concluded. SOURCE
Sep, 02 2024
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