TIMES JABAR, BEKASI – West Java Regional Office of the Ministry of Law and Human Rights (Kemenkumham Jabar) held an outreach on the Golden Visa program in Bekasi. This event is a follow-up to the launch of the Golden Visa program by Indonesian President Jokowi some time ago. The aim is to introduce and facilitate foreign investors and foreign workers (TKA) in taking advantage of investment and work opportunities in Indonesia. Head of West Java Regional Office of the Ministry of Law and Human Rights, Masjuno, in his speech said that the Golden Visa program was a very important breakthrough for Indonesia. "The Golden Visa will not only encourage economic growth, but also open up opportunities to improve other social aspects," he said on Friday 11 October 2024. Bekasi as Main Target Masjuno explained that the choice of Bekasi City as the location for the first socialization in West Java was not without reason. Because with many multinational companies operating in the Bekasi industrial area, the Golden Visa program is considered very relevant to attract more foreign investment. "We hope that with this socialization, more and more foreign investors will be interested in investing their capital in Bekasi and its surroundings," said Masjuno. What is a Golden Visa? The Golden Visa is a type of long-term visa that provides various conveniences for foreign citizens (WNA) who want to invest or work in Indonesia. Some of the benefits offered include: 1. Longer stay: Golden Visa holders can stay longer in Indonesia. 2. Service priority: Golden Visa holders will get priority in various services, such as inspections at Immigration Checkpoints (TPI) and services at other government agencies. 3. Ease of investing: This program is designed to facilitate foreign investors in investing their capital in Indonesia. Furthermore, said Masjuno, this golden visa program is a strategic step by the government to attract foreign investment and accelerate economic growth with the various conveniences offered. "This program is expected to attract the interest of global investors to invest in Indonesia," he said. In this socialization event, participants consisting of representatives of companies using foreign workers and foreign investors received an in-depth explanation regarding the mechanism for applying for a Golden Visa, the requirements that must be met, as well as the various benefits that can be obtained. Head of the Golden Visa Team of the Directorate General of Immigration, Wahyu Wibowo, gave an explanation regarding the technical implementation of the Golden Visa. Meanwhile, Bank Mandiri's Wealth Specialist Advisor, Riska Lavinia, also provided information regarding banking support in supporting this program. (SOURCE)
Oct, 17 2024
BOGOR - The Bogor City DPRD together with the Bogor City Government adopted the Draft Regional Regulation on Providing Incentives and Facilitation of Investment into a regional regulation at the plenary meeting, Tuesday (8/10/2024). "This Draft Regional Regulation has received facilitation from the Regional Secretariat of West Java and has made improvements in terms of consideration, weighing, legal basis and body in accordance with the latest statutory provisions," said the Spokesperson for the Regional Regulation Formation Agency (Bapemperda) of the Bogor City DPRD, Eka Wardhana in press release, Wednesday (16/10/2024). Eka explained that this draft regional regulation is intended to create legal certainty and as a guideline for providing incentives and facilitating investment to increase investment and equal development in the regions. "We hope that with this Draft Regional Regulation, economic growth in Bogor City can increase accompanied by the creation of new jobs," he said. Responding to the Bapemperda report, Acting Mayor of Bogor Hery Antasari expressed his thanks to the leadership and members of the DPRD. According to him, the presence of this regional regulation is expected to provide legal certainty. It is also used as a guideline for prioritizing the provision of incentives and/or facilitating investment for certain types of businesses or certain activities, such as micro businesses and cooperatives. "This draft regional regulation is expected to create attraction or stimulate more investors to invest in the city of Bogor in order to create a competitive investment climate, increase access and economic capabilities," he said. After listening to the Bapemperda report and the response from the Acting Mayor of Bogor, the Chairman of the Bogor City DPRD, Adityawarman Adil, made the decision to adopt the draft regional regulation as a regional regulation based on the approval of all members of the Bogor City DPRD who were present at the Plenary Meeting. "We ask the Bogor City Government to immediately formalize and compile a Perwali as a technical guideline for implementing regional regulations," he said. (SOURCE)
Oct, 17 2024
THE PROVINCIAL GOVERNMENTS (Pemprov) of West Java (Jabar) and Central Java (Jateng) have officially established border management cooperation. This cooperation between the two provinces was marked by the signing of an agreement between the West Java Regional Secretary, Herman Suryatman, and the Central Java Regional Secretary, Sumarno, in Semarang, Monday (7/10). This collaboration includes the management of a number of border segments, such as between Cirebon - Brebes Regency, Kuningan - Brebes, Kuningan - Cilacap, Ciamis - Cilacap, Banjar - Cilacap, to Pangandaran - Cilacap. Apart from maintaining social stability, this cooperation is expected to encourage economic development in border areas. Herman Suryatman emphasized the importance of this agreement to strengthen the welfare of residents in border areas. "West Java and Central Java share direct borders, and we have an interest in ensuring that economic growth in this region can be even better," he said. He also added that the social conditions of the border communities must remain conducive, so that the area can develop economically, socially and culturally. Apart from border management, the discussion also touched on optimizing Kertajati West Java International Airport (BIJB) in Majalengka, West Java. Since October 2023, this airport has started operating again after receiving a mandate from the Minister of Transportation. Currently, BIJB serves domestic flights to Denpasar, Balikpapan and Medan via Super Air Jet and Citilink, as well as international flights to Kuala Lumpur via Malaysia Airlines and Air Asia. At the end of September 2024, Scoot, a subsidiary of Singapore Airlines, held its first flight to Singapore from BIJB. This makes things easier for the people of West Java who can now more easily access the airport for passenger and cargo flights, even Umrah. "This is good news for the people of Central Java who want to perform the Umrah pilgrimage, especially for those who live in the western part of Central Java, because BIJB offers a closer and more economical alternative," added Herman. This year, BIJB has also started Hajj flights, and it is hoped that they can continue in the Hajj season next year. It is also hoped that Kertajati Airport can be a solution for migrant workers from Central Java, which is one of the largest in Indonesia, so that they can take advantage of international flight facilities that are more easily accessible. The Regional Secretary of Central Java, Sumarno, also welcomed this agreement and hoped that the existing cooperation would not just stop at the signing, but would also be followed by real action in the field. "West Java is our closest neighbor, the neighbor is the first to know if there is a problem. "This cooperation must be followed up with concrete steps for the common good," he said. Collaboration between these two large provinces is a strategic step in realizing a border region with more potential, both from an economic, social and cultural perspective. (SOURCE)
Oct, 11 2024
TIMES JABAR, JAKARTA – Minister of Communication and Information (Menkominfo) Budi Arie Setiadi revealed that serious discussions are underway between the Indonesian government and the global technology giant, Google, regarding investment in building data centers in Indonesia. This plan is considered important to ensure that user data in Indonesia can be managed in data centers located within the country, strengthening Indonesia's digital security and independence. "We hope that in the future all data used by the Indonesian people, if possible, can be managed from a data center located in Indonesia. Currently, this is under serious discussion," said Budi Arie in Jakarta, Wednesday (9/10/2024) . The government is exploring various opportunities to facilitate investment in the technology sector, especially those that support digital transformation and national data resilience. The Minister of Communication and Information emphasized that the government is ready to open access and provide convenience for strategic investments like this. Apart from discussions regarding the development of data centers in Indonesia, Google has strengthened its presence in Indonesia by inaugurating the Google Cloud Platform (GCP) Jakarta Region in 2020. This step supports the acceleration of digital transformation in Indonesia, especially with the layered architectural security applied to non-residential data centers. this government. Furthermore, Google recently announced major plans to invest one billion US dollars in Thailand by the end of September 2024, with a focus on building digital infrastructure in Bangkok and Chonburi. This move shows Google's strong interest in expanding their presence in Southeast Asia. "We are looking at potential investment from Google in the form of a data center in Indonesia. This is part of our commitment to strengthening national digital infrastructure," added Budi. With the increasing demand for cloud computing services in the Southeast Asia region, Indonesia has the potential to become one of the main destination countries for Google in expanding their investment. The Indonesian government, under the direction of the Minister of Communication and Information, continues to strive to create an attractive digital ecosystem for global technology companies, with the hope that this investment can accelerate digital transformation in the country and strengthen national data security. (SOURCE)
Oct, 11 2024
TIMESINDONESIA, BANDUNG – Realization of Receivables from the Financing Institution sector in West Java province on August 31 2024 reached IDR 79.78 trillion or positive growth of 10.63 percent (yoy), with the Non-Performing Financing (NPF) ratio still maintained at level 3.06 percent. Based on type of use, financing receivables are dominated by Multipurpose financing at 62.45 percent, followed by Investment financing at 22.81 percent and Working Capital financing at 8.77 percent. Meanwhile, from the Pension Fund sector, as of July 2024, the investment value of pension funds in West Java Province was IDR 25.42 trillion, a decrease of IDR 1.17 trillion (-4.52 percent yoy) compared to July 2023 of IDR 25.83 trillion. When compared with December 2023, the realized investment value also decreased by IDR 0.95 trillion (-3.71 percent ytd). The same thing also happened to the value of Pension Fund Company Assets in West Java Province as of July 2024, where Pension Fund Company Assets reached IDR 25.52 trillion, a decrease of IDR 1.29 trillion (-4.84 percent yoy). "In the Fintech peer-to-peer lending (P2P) sector, as of July 2024, outstanding P2P company loans in West Java Province amounted to IDR 18 trillion, an increase of IDR 2.76 trillion (18.08 percent yoy) compared to July 2023 of IDR 15, 24 trillion. When compared to December 2023, outstanding P2P loans increased by IDR 1.41 trillion (8.51 percent ytd). The quality of P2P loans in West Java Province is reflected in the 90-day Default Rate ratio (TWP90) from 4.14 percent in "In July 2023 it will be 3.09 percent in July 2024. However, the TWP90 ratio is worse compared to the national level of 2.54 percent," said Imansyah, Head of the West Java OJK, Thursday (10/10/2024). Financial Literacy and Inclusion and Consumer Protection Program According to Imansyah, until September 30 2024, the West Java Province OJK Office has held a series of financial education activities in an effort to increase public financial literacy. There were 347 activities with a total number of educational participants of 102,642 people consisting of various segments including pupils, university students, Islamic boarding school students, employees and ASN, farmers, MSMEs and people with Social Welfare Problems (PMKS), namely the Street Artists Community, as well as special segments including others. People with Disabilities, the ojol community and the general public. He also explained that one form of service from the West Java Province OJK Office to consumers and the public is through the Financial Information Service System (SLIK) information service. As of September 30 2024, a total of 33,554 SLIK services have been provided to consumers and the public in the West Java region, consisting of 22,963 SLIK requests directly (walk-in) and 10,591 online SLIK requests. Imansyah provided information that in an effort to eradicate illegal financial activities, from January 1 to September 24 2024, OJK had received 12,733 complaints regarding illegal entities. Of this total, 12,021 complaints were regarding illegal online loans and 712 complaints were related to illegal investments. The number of illegal entities that have been stopped/blocked is 1,459 (Illegal Investments) from 2017 to September 2024. Next are Illegal Loans at 9,180 in the same year span, then illegal mortgages at 251. And the total that has been stopped is 10,890 from 2017 to September 2024. According to the Head of the West Java OJK, in order to enforce consumer protection provisions, the OJK has imposed sanctions through the Task Force for Eradicating Illegal Financial Activities (Satgas PASTI) in the period January to 23 September 2024 to find and stop 2,500 illegal online loan entities and 241 illegal investment offers in a number of sites and applications that have the potential to harm society. Furthermore, the PASTI Task Force has received information regarding 228 bank accounts or virtual accounts that were reported to be related to illegal financial activities. He also explained that in connection with this matter, the PASTI Task Force submitted a blocking request to the bank supervisory work unit at the OJK and then immediately ordered the relevant banks to carry out the blocking. Imansyah informed that apart from blocking bank accounts or virtual accounts, the PASTI Task Force also found contact numbers for debt collectors related to illegal online loans who were reported to have carried out threats, intimidation or other actions that were contrary to the provisions. Apart from that, due to these conditions, the PASTI Task Force has proposed blocking 995 contact numbers to the Ministry of Communication and Information of the Republic of Indonesia. "In terms of monitoring PUJK behavior (market conduct), the West Java Provincial OJK Office has enforced the provisions as regulated in POJK Number 22 of 2023 concerning Consumer and Public Protection in the Financial Services Sector, including by giving administrative sanctions to 25 (twenty five) PUJK, namely the existence of administrative sanctions in the form of fines and written warnings for late reporting; and administrative sanctions in the form of written orders regarding the results of direct/indirect supervision related to violations of consumer protection provisions, especially regarding the provision of information in advertising and product/service marketing procedures," said Imansyah. "The administration of administrative sanctions is carried out in the context of guidance so that PUJK always complies with provisions related to consumer and community protection. In the future, the West Java Provincial OJK Office will continue to pay close attention to the dynamics of the developing economy and improve its supervisory function for financial service institutions, as well as protection for consumers and community to ensure that the financial services sector's contribution to economic growth in West Java Province can continue to be maintained," concluded Imansyah closing the conversation. (SOURCE)
Oct, 11 2024
Jakarta, CNBC Indonesia - Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan inaugurated the start of the first phase of production and expansion plans for production facilities for electric vehicle (EV) battery cathode materials based on Lithium Iron Phosphate (LFP) by PT LBM Energi Baru Indonesia, in the Kendal Industrial Area, Central Java. This is the result of a strategic investment partnership between the Indonesia Investment Authority (INA) Consortium and Changzhou Liyuan New Energy Technology Co., Ltd., one of the world's largest LFP producers. This investment is expected to play an important role in meeting global demand for LFP batteries, which is driven by the increasing penetration of electric vehicles (EVs) worldwide. Luhut emphasized the importance of downstream industry as part of President Joko Widodo's (Jokowi) grand vision. According to him, Indonesia can no longer just be an exporter of raw materials. "We must create added value in our own country, build a strong downstream industry, and position ourselves as key players in the global supply chain," said Luhut, quoted from the official statement from the Coordinating Ministry for Maritime Affairs and Fisheries, Tuesday (8/10/2024). This facility is located in the Kendal Industrial Area and is projected to become the largest LFP cathode producer in the world outside China. The planned joint investment is up to US$ 200 million to increase production capacity from 30,000 tons in phase I to 90,000 tons in phase II, which is expected to start in 2025. LFP is one of the two main chemicals in lithium-ion batteries, alongside Nickel Cobalt Manganese (NCM). Known for its cost effectiveness, LFP is well suited for electric vehicles and energy storage systems. Based on Bain's study of the EV1 Battery Ecosystem, global battery demand is expected to grow approximately fourfold between 2023 and 2030, driven by increasing EV adoption, positioning LFP to play a critical role in meeting that demand. By 2030, NCM is projected to represent approximately 50% of lithium-ion battery demand, while LFP is expected to account for approximately 35%, with both expected to remain central to the battery industry's future growth. This strategic partnership focuses on LFP cathode materials that represent the highest added value in the battery value chain, enabling the facility to capitalize on the opportunities presented by this growing market. By 2030, Indonesia is expected to serve an estimated US$ 10 billion market in LFP cathode active materials, thereby making a meaningful contribution to the global transition to clean energy. This investment is also proof of Indonesia's attractiveness as a country for downstream supply chains. "This is not just a factory, but also the foundation of Indonesia's integrated EV ecosystem. Through improving the lithium battery production chain, no less than 3 million electric vehicle units throughout the world will have their lithium battery needs met by industry in Indonesia," he said. Chairman of the INA Board of Directors, Ridha Wirakusumah, stated that the rapid growth in LFP demand, driven by the global shift towards EVs and renewable energy, presents a huge opportunity for Indonesia. According to him, along with the emergence of LFP as one of the main chemicals in battery technology, his party believes that this initiative can help position Indonesia as an important player in the global battery ecosystem. By building strong production capabilities, Indonesia is better prepared to meet the growing demand for LFP cathode materials in the future. "The extensive operational expertise and solid track record of the INA and Changzhou Liyuan consortium are key factors that strengthen this initiative, and bring great potential to increase Indonesia's role in the global battery supply chain," he said. Meanwhile, CEO of Changzhou Liyuan, Shi Junfeng, stated that PT LBM Energi Baru Indonesia is the first cathode producer outside China, where the initial stage of operation is important for increasing supply security in the global new energy supply chain. Apart from that, this cooperation is also another important achievement of comprehensive strategic cooperation between China and Indonesia. Proposed strategic investment in LBM New Energy (AP) Ptd. Ltd. also fully demonstrates INA's foresight and long-term commitment to the global new energy industry. "This project will enable Changzhou Liyuan and INA to achieve closer strategic cooperation. In the future, Changzhou Liyuan will make a meaningful contribution to Indonesia's development and the global new energy industry," he said. (SOURCE)
Oct, 11 2024
DISKOMINFO INDRAMAYU – The Indramayu Regency Government continues to strive to explore investment potential that can encourage regional economic growth. This is the main topic in today's West Java Dialogue on TVRI Jabar, with resource person Drs. Acep Suherman as Coordinator of Investment Data and Information Systems for Indramayu Regency, Wednesday (9/10/2024). In the discussion, Acep explained that the current investment climate in Indramayu is very promising. According to Acep, last year investment was hampered because there was no official Regional Spatial Planning (RTRW). However, with the passing of Regional Regulation no. 9 In 2024, potential sectors such as agriculture and fisheries will begin to be eyed by many investors. Indramayu has great potential in the agricultural sector, especially as a national food barn. Agricultural production in this area is recognized as superior nationally. In addition, Indramayu's fisheries sector is known as the largest fish producer in West Java, which further strengthens its attractiveness for investors. “We welcome investors, both from within and outside the country. "We have also prepared supporting infrastructure such as toll roads which will facilitate the flow of goods in and out of Indramayu," said Acep. Apart from that, basic needs such as water and electricity are sufficient, so it can provide comfort for investors who want to invest in Indramayu. However, the challenge currently faced, according to Acep, is marketing regional investment potential to entrepreneurs. For this reason, the Indramayu Regency Government continues to make maximum efforts to use various promotional media to attract more investors. Apart from that, the newly built Public Service Mall (MPP) also simplifies the licensing process, especially for MSMEs, and provides access to information regarding investment potential in Indramayu. In supporting the development of the local workforce, the Indramayu Regency Government collaborates with the Manpower Department (Disnaker) to organize skills training programs. The hope is that graduates of this training can be absorbed by companies in Indramayu. This step is expected to reduce the number of workers who have to look for work outside the region or even abroad. Acep also emphasized the importance of collaboration between investors and local MSMEs. Investors are expected to partner with MSMEs to improve community welfare. "Business actors must pay attention to the environment and surrounding communities, so that the benefits of this development can be felt by all parties," he added. (SOURCE)
Oct, 11 2024
JAKARTA - This year is an important milestone for Taiwan and Indonesia. Taiwan successfully completed its 8th direct presidential and vice presidential election, laying the foundation for democracy. Constitutional governance is again innovative, and its strong democratic resilience has been highly recognized by the international community. "Indonesia also succeeded in electing a new president peacefully and stably. The new government of the two countries will achieve better substantive cooperation results based on the strong interactions that have existed before," said Head of the Taiwan Representative Office (TETO) John Chen at the "Reception "113th National Day of the Republic of China (Taiwan)" at the Borobudur Hotel, Jakarta on Tuesday evening (8/10/2024). On this occasion, John Chen delivered a speech with the theme: "A Democratic, Peaceful and Prosperous New Taiwan". This grand event was attended by government officials, legislative members, diplomats, the Chinese community, Taiwanese businessmen, intellectuals and media people, totaling more than 800 people. Among them were 8 members of the Indonesian House of Representatives, officials from the embassies of Guatemala, Ukraine, Hungary, the United Arab Emirates, Bosnia, Italy, Finland, Japan, the European Union, Papua New Guinea, the Philippines, India, Malaysia, Jordan and Latvia who also attended the event. In terms of economics and trade, continued John Chen, Taiwan has successfully promoted its "New Southward Policy" for eight years. In the first half of this year, the total trade volume with the 18 New Southbound Policy countries reached USD83.5 billion, or an annual growth rate of 12.43%, and exports reached USD50.2 billion. This is the highest record for the same period in previous years. Currently, Taiwan's total investment in Indonesia is ranked in the top five foreign investments in Indonesia, and has created around 1 million jobs for the Indonesian people. In the future, Taiwanese investment is expected to encourage momentum for regional cooperation with the "Digital New Southbound" policy, which integrating fellow Taiwanese entrepreneurs, providing management technology support, creating service innovation and system integration, to deepen technological ties with Southeast Asian countries. Bilateral relations between Taiwan and Indonesia have become closer in the past year. Indonesia is Taiwan's largest source of migrant workers and Taiwan's second largest source of foreign students. Currently there are 400,000 Indonesian citizens living, working and studying in various regions in Taiwan. Taiwan is honored to be a second home for friends from Indonesia, and we would like to thank the new Indonesian residents for their dedication and efforts in Taiwan. As a responsible member of the international community, Taiwan seeks to join international organizations, and contribute to the world community through various means, deepening global partnerships, using strength and good leadership. With these efforts, Taiwan has received increasing support from the international community. John Chen also mentioned that, recently, partner countries that share the same views as Taiwan, such as the United States, Australia and the European Parliament, firmly support Taiwan, and jointly oppose China's deliberate distortion of the General Assembly Resolution UN 2758, which is incorrectly associated with the "one China principle". The union of democratic nations is the main force to restrain China's expansion. The Taiwanese government thanks all parties for their support for Taiwan and for all their efforts in maintaining peace in the Taiwan Strait. Furthermore, John Chen said that Taiwan will uphold the values of freedom and democracy, and continue to deepen partnerships with Indonesia and countries that have similar ideals, and work together to realize democracy, peace and prosperity. The visual screen displayed on the main stage of this year's National Day reception shows Taiwan at sunrise, the AI wafer board shines like the sun on the main peak of Yushan, combined with famous buildings from north to south, including the Presidential Palace, Taipei 101 and Kaohsiung Pop Music Center. Showcasing Taiwan's inexhaustible vitality and creativity, this design work received praise from the reception guests. This reception also used digital technology to pamper the eyes of the invited guests with the beauty of Taiwan. Attendees can also take photos at the Green Screen back drop which combines photos of Building 101, Taiwan, and post them on social media, which adds even more excitement to the event. The reception also featured various typical Taiwanese snacks, such as Din Tai Fung, Xiao Long Bao, Sunrise Tea, Xingfutang Pearl Milk Tea, Snow Ice and "Golden Malabar", a typical Taiwanese coffee made by Taiwanese entrepreneurs who have lived in Indonesia for a long time. All these dishes make guests feel that Taiwan-Indonesia friendship is getting closer. Apart from that, this event was also enlivened by the well-known Indonesian vocal singer Vera, who sang songs that are popular in China and Indonesia, including My Heart Will Go On, Always on My Mind, Breeze and Drizzle, Green Island Serenade, and others. The melodious melody enchanted the guests, and the reception ended perfectly with an unforgettable song. (SOURCE)
Oct, 11 2024
Borneonews - Jakarta, the President of the Republic of Indonesia, Joko Widodo, is scheduled to visit the Capital City of the Archipelago (IKN) located in East Kalimantan on October 11 2024. This visit aims to witness the ceremonial inauguration of the new State Palace as well as groundbreaking various infrastructure projects in the region the. Information regarding the president's visit was conveyed by the President's Special Staff, Ari Dwipayana, at the Presidential Palace complex in Jakarta. Ari confirmed that during the visit, President Jokowi would inaugurate several important projects including the State Palace. He stated, "There is an agenda for the President to visit IKN on October 11 2024. It seems there will be several inaugurations and groundbreakings, including the State Palace." In the official agenda, President Jokowi will also invite 16 entrepreneurs working in the mining sector to attend. It is hoped that their presence will increase investment interest in IKN. This was emphasized by the Minister of Investment, Rosan Roeslani, after meeting with President Jokowi at the Merdeka Palace. Rosan explained, "God willing, we will review it directly. Later Friday, the plan that was present here will review it directly with IKN. So that it will generate interest in even greater investment." The majority of the 16 entrepreneurs invited came from the coal sector in Kalimantan, and they have formed a consortium. This consortium will focus on investing in projects related to public infrastructure, such as the construction of parks, restaurants and other public facilities related to people's lifestyles. According to Minister Rosan, "They will form a consortium for several ideas for building parks, building communities there, so that communities are formed, lifestyle, restaurants and others." This statement shows a commitment to creating a better environment in IN with investment support from the private sector. (SOURCE)
Oct, 11 2024
Borneonews - Jakarta, Member of the People's Representative Council of the Republic of Indonesia, Habib Idrus Salim Al Jufri, underlined the importance of job creation as the main focus for the new government which will be led by Prabowo and Gibran. He suggested that the government integrate this program in their agenda for the period 2024 to 2029. Habib believes that job creation is very crucial, especially in the context of the high number of layoffs (PHK) and the decline in people's purchasing power that has been seen, marked by deflation that has occurred over the last five months. According to him, the current economic conditions are far from expectations. He noted that the phenomenon of increasing layoffs must be handled seriously. "Job creation is the best solution to reduce unemployment and increase people's income," he said. Based on data from the Ministry of Manpower, during the period January to November 2023; as many as 57,923 people were reported to have experienced layoffs. Most of these layoffs occurred in the Central Java region, followed by DKI Jakarta and Banten Province. In DKI Jakarta, the service sector such as restaurants and cafes experienced the most layoffs, while in Central Java, the sectors most affected were manufacturing, textiles, garments and footwear. In addition, in the period January to August 2024, the number of workers affected by layoffs reached 46,240 people. In response to this, Habib is committed to fighting for the provision of employment opportunities as one of his work programs as a people's representative. "I want to open up as many job opportunities as possible for the community. As a first step, we will focus on my electoral district, Banten III (Greater Tangerang)," he stressed. Furthermore, Habib also called on the new government to pay more attention to Micro, Small and Medium Enterprises (MSMEs), which are considered to have a major contribution to the national economy. He explained that MSMEs absorb around 97 percent of Indonesia's total workforce. In addition, MSMEs account for around 60.4 percent of total investment and contribute 61 percent to Indonesia's Gross Domestic Income (GDP). "Therefore, it is very important to prioritize MSMEs in every future economic policy and program," concluded Habib. (SOURCE)
Oct, 10 2024
INILAHKORAN, Bogor - The Bogor City DPRD together with the Bogor City Government have adopted a Draft Regional Regulation (Raperda) concerning Providing Incentives and Ease of Investment to become a (Regional Regulation). Spokesperson for the Regional Regulation Formation Agency (Bapemperda) of the Bogor City DPRD, Eka Wardhana, said that the Draft Regional Regulation on Providing Incentives and Ease of Investment had received facilitation from the Regional Secretariat of West Java Province and made improvements in terms of consideration, weighing, legal basis and body in accordance with the latest statutory provisions. "This draft regional regulation is intended to create legal certainty and as a guideline in providing incentives and ease of investment to increase investment and equitable development in the region. We hope that with this draft regional regulation, economic growth in the city of Bogor can increase accompanied by the creation of new jobs," said Eka to journalists on Thursday 10 October 2024. Meanwhile, the Chairman of the Bogor City DPRD, Adityawarman Adil, took the decision to enact the Draft Regional Regulation on Providing Incentives and Ease of Investment into a Regional Regulation based on the approval of all members of the Bogor City DPRD. "We ask the Bogor City Government to immediately formalize and prepare a Perwali as a technical guideline for implementing the Regional Regulation," he explained. Separately, Acting Mayor of Bogor Hery Antasari expressed his thanks to the leadership and members of the DPRD who had discussed and approved the Draft Regional Regulation on Providing Incentives and Ease of Investment. Hery continued, it is hoped that the presence of this Regional Regulation will provide legal certainty and serve as a guideline in providing incentives and ease of investment in the Bogor City area and that the regional government can prioritize the provision of incentives and/or the provision of ease of investment for certain types of business or certain activities, such as micro businesses and cooperatives. . "This draft regional regulation is expected to create attraction or stimulate more investors to invest in the city of Bogor in order to create a competitive investment climate, increase access and economic capabilities," he concluded. (SOURCE)
Oct, 10 2024
JABAR EKSPRES – General Chairman of the Executive Board of the Indonesian Athletics Association (PB PASI) who is also the Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut Binsar Pandjaitan, inaugurated the new athletic training center in Banjarsari Village, Pangalengan District, Bandung Regency, Thursday (10 /10/2024). Present at the event were the Minister of Youth and Sports (Menpora) Dito Ariotedjo, the Acting (Pj) Governor of West Java Bey Machmudin, and the West Java Regional Police Chief Inspector General Pol Akhmad Wiyagus as well as several related stakeholders. This facility was built on 10 hectares of land in collaboration with BUMN and various other parties, and is intended as a training facility for national athletes with the aim of producing world-class athletes. According to Luhut, the establishment of this athletic facility has been a dream of PB PASI for decades, because they often use the Madya Stadium as a training ground. “Yes, I think this is PB Pasi's dream for decades. So, we have been depending on training at the Madya Stadium. "Moreover, the air pollution is very bad there," he said when met. According to him, this development plan was carried out three years ago and was even approved by President Jokowi. "And the President agrees, President Jokowi. We will do this, we got 10 hectares of this land from BUMN too," he said. Luhut added that the construction of this training was carried out at an international standard, from stadiums to training grounds. “I think the standards are international standards. There are 90 people from national housing for rooms for athletes. The gym is also good, there is hot water, the kitchen is also very good. "There is also a place to wash clothes, use coins, the water is also good," he said. This training center is also planned as a competition venue which can function as a "training center" for national athletes. According to Luhut, quality training facilities and housing are the keys to developing athletes who are able to excel. “Good athletes are born from good training and facilities too. The hostel must have hot water, good food, a good place to rest. We must appreciate those who excel and give bonuses. "Don't let our athletes die of cold," stressed Luhut. Luhut also considers that Pangalengan is an ideal location for athletics because it has fresh air and a supportive atmosphere, different from big cities which are full of activity. He called West Java a repository for potential athletes and hoped that this training center would become the birthplace of world-class athletes. "West Java is a warehouse for athletes, there is no reason we cannot create world-class athletes," he said. Based on field observations, the training center facilities in Pangalengan are projected to be able to accommodate up to 100 athletes and are equipped with facilities and infrastructure for all athletics events such as an 8 track running track, 100 meter extra sprint track, long and triple jump, javelin throw. Apart from that, there are also steeplech tracks, discus throw, hammer throw, pole vault, shot put, high jump, hill run facilities and spectator stands. There are even several other supporting facilities also prepared, such as a gym, athlete changing rooms, classrooms, dormitory buildings and large vehicle parking. (SOURCE)
Oct, 10 2024
DESKJABAR – At the Bandung Regency Investment Summit (BRIS) 2024, there was a desire to have a cable car construction project in Bandung Regency. It seems that the desire for a cable car in Bandung Regency will be installed in a mountainous area connecting certain locations. This picture emerged at BRIS 2024, as mentioned by the Coordinator of Investment Potential and Promotion in West Java, Karina Rachmadiani Hendrawan, Monday, October 7 2024. The cable car planned for Bandung Regency is closely related to tourism investment in the district. Moreover, Bandung Regency has a mountainous location, such as the Pangalengan District area. BRIS 2024 was attended by the Acting Regent of Bandung, Dikky Achmad Sidik, and the Head of the West Java Province Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, a number of companies, plantation farmer groups, business organizations, etc. BRIS 2024 predominantly discusses investment in agriculture and tourism in Bandung Regency. This is because Bandung Regency has natural potential that can interconnect tourism and agriculture. It's just that, said Karina Racmadiani, so far there are no interested investors in the cable car project in Bandung Regency. It also still needs to be explored which locations are suitable for establishing cable car services in Bandung Regency. Regarding the cable car in Bandung Regency, there are historical records from the Dutch colonial era, you can see it on YouTube Kodar So, click here. Meanwhile, the Head of West Java Province DPMPTSP, Nining Yulistiani, discussed the offer of agricultural investment in Bandung Regency, the principle of which must be mutually beneficial between investors. with farmers. The most potential agricultural investment in Bandung Regency is food commodities. "In addition to investors having to make a profit, farmers who become partners must also change from low income to good income. "Bandung Regency has great potential to become a food agribusiness force in West Java," said Nining. Acting Regent of Bandung, Dikky Achmad Sidik, said that Bandung Regency has a conducive investment climate with various conveniences on offer. Bandung Regency has the convenience of health insurance, also prioritizes service, and investment licensing is easier and more transparent. Regarding why Bandung Regency is considered good for agricultural investment and tourism, apart from its nature, it is also located very close to Bandung City as the capital of West Java Province. (SOURCE)
Oct, 10 2024
INDUSTRY.co.id - Kendal - PT LBM Energi Baru Indonesia officially operates in Indonesia, precisely in the Kendal Special Economic Zone, Central Java. This factory is the result of collaboration between PT LBM Energi Baru Indonesia and the Indonesia Investment Authority and BRV Capital Management from South Korea. The increasing need for the most important component in the electric car ecosystem, namely LFP (Lithium Ferro-Phosphate), is the driving factor for the construction of LBM's Lithium Cathode material factory. This inauguration started the operation of the first phase of the PT LBM Energi Baru Indonesia factory. After this, LBM will complete their second phase at the end of 2025. The total investment disbursed by LBM reached USD 350 million, divided into phase-1 of USD 100 million and phase-2 of USD 250 million. Total LBM production in the first phase will reach 30,000 tons, while the second phase is targeted to reach 90,000 tons per year. Thus, LBM is targeted to become the second largest LFP cathode producer in the world after China with a total production capacity of 120,000 tons per year. The Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, was also present at the inauguration event today. According to him, current ilization is not just words, but a big strategy to accelerate Indonesia's progress, especially in sectors that will dominate the future, such as the electric vehicle (EV) ecosystem. "With the establishment of this factory, it is hoped that it can play an important role in meeting global demand for LFP batteries, which is driven by the increasing penetration of electric vehicles (EVs) throughout the world." said Coordinating Minister Luhut at the inauguration of the PT LBM Energi Baru Indonesia factory at KEK Kendal, Tuesday (8/10/2024). With superior performance and stable quality, LBM can supply its products to various world-leading lithium battery manufacturers such as LGES, CATL, Sunwoda Electronic, Rept Battero, and Jiddan New Energy Technology. And has won the trust of car manufacturers such as Geely, GAC, Wuling and Li Auto. Then, through exports aimed at various countries such as America, Europe, Japan and Korea, PT LBM Energi Baru Indonesia's revenue is targeted to reach USD 1.2 billion per year. "In addition to addressing the need for LFP, the presence of this factory is also expected to increase Indonesia's foreign exchange, create 2,130 jobs with 90% local workforce, as well as support Indonesia's role in the Global LFP battery value chain, and become a global player in the electric vehicle ecosystem" said Shi Jun Feng as CEO & President Director of LBM. LBM has a vision to strengthen economic resilience and encourage clean energy solutions in Indonesia. On the other hand, Indonesia is also committed to creating a healthy investment climate that provides benefits and comfort for investors. Juliani Kusumaningrum as Head of Sales Marketing in the Kendal Special Economic Zone, explained that LBM will receive several incentives from the investments they make. "With the registration of PT LBM Energi Baru Indonesia as a business actor in the Kendal SEZ, there are several tax facilities such as reductions in corporate income tax in the form of tax holidays or tax allowances, exemptions from VAT, import duties and import taxes that LBM can enjoy. "Apart from that, there is a fully funded facility in the form of workforce recruitment, namely the Link & Match program which can be used by LBMs to get trained workers that suit their needs." Juliani said. (SOURCE)
Oct, 10 2024
Jakarta, 4 October 2024 - PT Telkom Indonesia (Persero) Tbk (Telkom) distributed clean water and proper sanitation assistance to 17 provinces in 53 locations throughout Indonesia. Among them are the provinces of East Java, West Java, Central Java, DKI Jakarta, Banten, North Sumatra, Lampung and Riau. Not only that, the provinces of Riau Islands, South Sumatra, Aceh, Jambi, D. I. Yogyakarta, Bali, East Kalimantan, Southeast Sulawesi and South Sulawesi also received benefits. Clean water and proper sanitation are basic human needs. One of the points in the Sustainable Development Goals (TPB) in the environmental sector is to ensure that people can easily achieve access to drinking water and adequate sanitation. Quoting data from the PUPR Ministry, it is stated that in 2022, there will be 35.3 million people in Indonesia who will not have access to clean and adequate water. The majority of people who do not have access to clean and adequate water live in rural areas. This aid distribution activity has been carried out throughout 2024 and is estimated to have provided benefits to thousands of heads of families throughout Indonesia. The clean water and proper sanitation aid distribution program is part of Telkom's Environmental Social Responsibility (TJSL). This program also implements the Government's target in the National Medium Term Development Plan (RPJMN), to realize 90% access to adequate sanitation, as well as providing 100% access to adequate drinking water, and 15% access to safe drinking water by 2024. Senior General Manager of the Social Responsibility Center Telkom Hery Susanto said, "In supporting the agenda for achieving Sustainable Development by 2030, Telkom is committed to supporting improving the quality of life of the Indonesian people. One of them is implemented by fulfilling the community's clean water and sanitation needs. "It is hoped that this program can provide sustainable benefits, especially for communities in rural areas." On another occasion, Mr Andri as the beneficiary representative expressed his appreciation for this program, "Thank you Telkom Indonesia for this assistance program. I and other village residents are very grateful and feel very helped. Now, we no longer have difficulty accessing clean water.” Telkom is committed to improving the quality of life of the community through the distribution of clean water and proper sanitation assistance. It is also hoped that this program can be implemented sustainably and on target, especially in 3T (Disadvantaged, Frontier, Outermost) areas. This program is also in line with Sustainable Development Goals point 6, namely ensuring the availability and sustainable management of clean water and sanitation for all. (SOURCE)
Oct, 10 2024
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