Growing awareness of saving and investing, the Cirebon Financial Services Authority (OJK) held an education for students and students in Ciayumajakuning at the peak of Indonesia Saving Day 2024. The activity was held at the Cirebon Representative Office of Bank Indonesia (KPw BI), Monday, August 12, 2024. This activity was attended by the Head of Bank Indonesia Cirebon Representative Anton Pitono, Head of the Indonesia Stock Exchange West Java Representative Office Achmad Dirgantara and Mandiri Sekuritas Cirebon Representative. The participants were more than 200 students who are members of the Management and Members of the Indonesia Stock Exchange Investment Gallery (GI BEI), the Indonesia Stock Exchange Sharia Investment Gallery (GIS BEI), Generasi Baru Indonesia (GenBI), and the Indonesia Stock Exchange Education Investment Gallery (GIE BEI) in Ciayumajakuning. Head of OJK Cirebon, Agus Muntholib said that the peak of Indonesia Saving Day (HIM) Year 2024 was held in conjunction with the National QRIS Week. The theme taken was Ngobrol Investasi yang Cuan, Aman, dan Damai (ROTI CANAI). Through this activity, OJK Cirebon together with all stakeholders continue to encourage increased financial literacy and inclusion, especially in the field of Capital Markets to groups of students and students to foster awareness of saving and investing for the future. "OJK Cirebon continues to educate to improve financial literacy or understanding of the younger generation of the benefits and risks of financial products and services." "So that they become capable consumers, feel the benefits of using financial products and services, and can use financial products and services to create added value," he said. From January to mid-August 2024, OJK Cirebon has conducted 57 financial education activities in Ciayumajakuning with a total of 20,114 participants. Financial inclusion in the form of opening Student Savings (SimPel) accounts for the Semester 2 period in 2024 amounted to 1,329,286 accounts with a nominal value of Rp294.54 billion. Currently, the younger generation is faced with financial digitalization that moves exponentially with very open information flows. For this reason, OJK will continue to educate the younger generation so that they are not easily trapped in schemes and various modes of illegal investment and online gambling. "We are committed to continuing to eradicate illegal entities such as illegal online loans, online gambling, illegal investments, and other illegal entities through synergy and collaboration with members of the PASTI Task Force and the Online Gambling Eradication Task Force," he explained. Meanwhile, Head of Bank Indonesia Cirebon Representative, Anton Pitono on the occasion said that synergy and collaboration like this is expected to increase financial literacy and inclusion in improving people's welfare and supporting regional economic growth. "Bank Indonesia always supports inclusive finance, economy and digital finance, one of which is through the innovation of the QRIS digital payment system," he said. SOURCE
Aug, 14 2024
The floating solar power plant (PLTS) at Saguling in West Bandung Regency, West Java, is the first project of a Saudi Arabian company, ACWA Power, in the new and renewable energy (EBT) sector. The project is managed by PT Indo ACWA Power Saguling with PT PLN as a partner. To follow up on this cooperation, the President Director of PT Indo ACWA Power Saguling, Rudolf Rinaldo Aritonang, signed a Power Purchase Agreement (PPA) with PLN. "This is Saudi Arabia's first investment in the EBT sector," said the President Director of PT Indo Acwa Tenaga Saguling during the Signing of Power Purchase Agreement for the 60W Saguling Solar Power Plant at PLN Headquarters, South Jakarta, Tuesday (13/8). Director of PT PLN (Persero) Darmawan Prasodjo also revealed that the cooperation effort with Saudi Arabia through ACWA is a step by PLN to respond to increasingly critical global warming. "Global warming is increasingly critical, this is a challenge that requires extraordinary opportunities for expansion, investment and collaboration," he said. He also sees renewable energy as an effort to combat global warming which can also create jobs. Saudi Arabia's Ambassador to Indonesia, Faisal bin Abdullah Al-Amudi, said Indonesia and Saudi Arabia have tremendous potential in investment. This can improve relations between the two countries. He invited investors in Indonesia and Saudi Arabia to increase investment in Indonesia, especially in the field of renewable energy. According to him, this is in line with Saudi Arabia's current vision. "Saudi Arabia currently has a vision of 2030 according to the direction of Crown Prince Salman bin Abdul Aziz," he concluded. SOURCE
Aug, 14 2024
Investment realization in West Java in Q2 or the second quarter of 2024 is in high condition. It was recorded that the combined investment value of foreign investment (PMA) and domestic investment (PMDN) reached Rp63.66 trillion. Head of the West Java Province Investment and One-Stop Integrated Service (DPMPTSP) Office, Nining Yuliastiani said, with the total investment of Rp63,669,605,226,118, it has absorbed a workforce of 99,687 people. "This figure comes from 38,110 LKPM projects in the second quarter of 2024," said Nining in Bandung, Monday (12/8/2024). 1. There are five regions with high work absorption Nining explained that there were five regions that were able to absorb a large number of workers in the second quarter. First, Bekasi Regency with a total workforce of 15,622 people, followed by Bogor Regency with 10,967 people. "Then there is Bandung Regency which absorbed 9,397 people, then Subang with 8,515 workers, and finally Bekasi City with 7,602 people," she said. 2. Labor absorption is in various sectors In addition, Nining noted that the realization of PMA and PMDN investments in the second quarter amounted to Rp63,669,605,226,118, an increase of Rp10,004,755,846,196 or an increase of 18.64 percent when compared to the same period in 2023 whose figure was Rp53,664,849,379,99. Meanwhile, the number of labor absorption in 2024 has increased by 104.36 percent or increased by 50,908 people from the same period in 2023 of 48,779 people. Then, in terms of the largest labor-absorbing sectors, Nining said there were five mainstay sectors. "First, the processing industry which is able to absorb 61,976 workers, followed by wholesale, retail and repair trade which reached 14,488 people," she said. 3. West Java still highest in investment sector Nining added that other workers were absorbed in the corporate health sector and food and beverage accommodation providers. The number of new workers is relatively large. "Then there are health services and social activities that are able to absorb 6,102 workers, corporate services 3,942 people, finally there is the provision of accommodation and eating and drinking with 3,135 workers absorbed," he said. Previously, Minister of Investment/Head of BPKM, Bahlil Lahadalia, at a press conference on Investment Realization for the Second Quarter of 2024 revealed five regions of FDI investment realization in the second quarter of 2024, with the first rank in West Java at USD2.5 billion (17.5 percent). After that there was Central Sulawesi with USD2.1 billion (14.6 percent), DKI Jakarta with USD1.8 billion (12.9 percent), North Maluku with USD1.7 billion (12.4 percent), and Banten with USD1.3 billion (9.3 percent). As for PMDN, the first location is DKI Jakarta with Rp33.1 trillion (16.1 percent), West Java with Rp25.6 trillion (12.1 percent), East Java with Rp25.1 trillion (10.3 percent), and West Nusa Tenggara with Rp25.2 trillion (7.2 percent). Bahlil also said that there are five major countries investing in Indonesia. SOURCE
Aug, 13 2024
West Java Province again achieved the top position in Indonesia in investment realization in the second quarter of 2024. The total investment value of foreign investment (PMA) and domestic investment (PMDN) in West Java reached Rp 63.66 trillion. According to the Head of West Java DPMPTSP, Nining Yuliastiani, the total investment of Rp63,669,605,226,118 has created jobs for 99,687 people. "The figure comes from 38,110 LKPM projects during the second quarter of 2024," she said in Bandung, Monday (12/8/2024). There were five regions in West Java that became the largest labor absorbers in the second quarter of 2024, or the April-June 2024 period. Bekasi Regency took the lead with 15,622 workers, followed by Bogor Regency with 10,967 workers. "Then there is Bandung Regency with 9,397 workers absorbed, Subang with 8,515 people, and Bekasi City with 7,602 people," Nining added. Nining also reported that PMA and PMDN investment realization in the second quarter of 2024 reached Rp63,669,605,226,118, an increase of Rp10,004,755,846,196 or 18.64 percent from the same period in 2023 which amounted to Rp53,664,849,379,99. Meanwhile, the number of labor absorption in 2024 increased by 104.36%, or increased by 50,908 people compared to the same period in 2023 which recorded 48,779 people. In terms of sectors that absorb the most labor, Nining explained that there are five leading sectors. The first is the manufacturing industry sector which absorbs 61,976 workers, followed by the wholesale, retail and repair trade sector with 14,488 workers. "Furthermore, the health services and social activities sector managed to absorb 6,102 workers, the company services sector absorbed 3,942 people, and the provision of accommodation and eating and drinking sectors absorbed 3,135 workers," he concluded. Previously, in a press conference on Investment Realization for the Second Quarter of 2024, Minister of Investment/Head of BKPM, Bahlil Lahadalia, revealed the top five regions in the realization of FDI investment in the second quarter of 2024, with West Java ranked first at USD2.5 billion (17.5 percent), followed by Central Sulawesi at USD2.1 billion (14.6 percent), DKI Jakarta at USD1.8 billion (12.9 percent), North Maluku at USD1.7 billion (12.4 percent), and Banten at USD1.3 billion (9.3 percent). As for PMDN, DKI Jakarta ranked first with a value of IDR33.1 trillion (16.1 percent), followed by West Java with IDR25.6 trillion (12.1 percent), East Java with IDR25.1 trillion (10.3 percent), and West Nusa Tenggara with IDR25.2 trillion (7.2 percent). Bahlil also stated that there are five major countries investing in Indonesia. SOURCE
Aug, 13 2024
Jakarta, Beritasatu.com - Indonesia achieved brilliant achievements at the Paris 2024 Olympic Games, with a team of athletes who successfully brought home the gold medal. Until now, there has been Veddriq Leonardo from rock climbing sports and Rizki Juniansyah in the 73 kg weightlifting class who managed to bring a gold medal. There is also Gregoria Mariska Tunjung who won bronze in the women's single badminton sport. These successes are not only a source of national pride, but also inspire many people across the country. Even the talk of gold achieved by athletes extends to the matter of gold investment which is important for everyone. If you are interested in investing in gold for the future, now BRImo, the mobile banking application from BRI, provides a gold savings feature that is very practical to use. This feature makes it easy for people to invest in precious metals, one of the most popular forms of investment. BRImo provides convenience and transparency in investing in gold with a user-friendly interface. By utilizing this moment of national sports achievement, people can start investing in gold, a smart step for the future. BRI Director of Retail Funding and Distribution, Andrijanto, said BRI is proud of the achievements of the Indonesian team and hopes that this moment can be well utilized by the entire community. "The gold investment feature in BRImo is designed to provide easy access for anyone who wants to start investing," he said. Saving gold at BRImo is not only easy, but also provides various other benefits because it has its own advantages, namely: Gold purchases can start from 0.01 grams. Real time online, making gold buying and selling prices and balance information in accordance with Pegadaian data. Purchase and sale transactions are carried out in real time with Pegadaian. Flow of opening gold savings is short, easy, and practical. Can be done anywhere. Do you want to start opening a gold account at BRImo? Here's a guide to opening a gold account:1. Login to BRImo and select the "Investment" menu2. Click "Gold" and click "Start"3. Choose "Open Savings"4. Fill in your personal data, address, and occupation then verify the data by clicking "Data is correct"5. Choose the amount of savings starting from 0.01 gram6. Click "Confirm" then read and agree to the terms & conditions7. Enter BRImo PIN8. Your gold savings account has been successfully opened How to Buy Gold:1. Login to BRImo, select "Investment" menu2. Click "Gold" and click "Buy Gold"3. Enter the purchase amount in rupiah or gram4. Click "Confirm" and enter your BRImo PIN5. Gold savings successfully purchased You can also arrange to save gold more regularly and anti-skip with autodebet, yes. This feature allows more people to invest and manage their finances better. So, let's celebrate the success of the Indonesian team on the world stage while adding to your portfolio! Don't forget to download BRImo via the App Store, Play Store, Huawei AppGallery, yes. Check other interesting information on Instagram @bankbri_id. SOURCE
Aug, 12 2024
West Java Acting Governor Bey Machmudin assessed that the Citarum Harum Program has brought positive changes. According to Bey, the Citarum Program must have various functions, ranging from handling industrial waste, reducing critical land, increasing the water quality index (WQI), to reducing the area of flood inundation in the Citarum watershed. Bey explained this when accompanying the working visit of Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia Luhut Binsar Pandjaitan in Citarum Harum Sector 9, Batujajar District, West Bandung Regency, Saturday, August 10, 2024. At this event, the Army through the Central Workshop for Equipment (Bengpuspal) of the Army Equipment Center (Puspalad) made an innovative waste cleaning tool in the Citarum River in the form of a waste transport pontoon boat, conveyor machine, waste incinerator, and shredding machine. "I highly appreciate the Chief of Staff of the Army and all ranks, for their dedication and hard work in developing innovations to support waste management (in the Citarum River)," Bey said. "We hope this innovation can demonstrate our ability to create appropriate solutions according to the needs in the field," he added. Bey said that the handling of the Citarum River requires the collective work of all parties to commit to maintaining the cleanliness of the environment in the Citarum watershed. "Therefore, we continue to collaborate, synergize, and commit to realizing a fragrant and sustainable Citarum River. The government and the community must continue to work together to realize a clean, healthy, and productive Citarum watershed, and restore harmony between biodiversity and humans, for the sustainability of water resources that provide maximum benefits for life in the Citarum watershed," he said. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said that the equipment presented by the Army through the Army Equipment Center Workshop (Bengpuspal) can handle waste in sector 9 of Citarum Harum. Moreover, the tool has been tested. "I was a bit surprised because we have received assistance from the Netherlands and France. That is not much different from this (Army innovation)," he said. Luhut added that there is a marked improvement from six years ago in the Citarum River watershed area. He recounted the beginning of his working visit to the Citarum watershed area, when trash was still scattered over the Citarum River. "Because as it was in front of our eyes (Sector 9 Citarum) I remember six years ago when I came here the first time we could walk (on the Citarum River) on garbage, now the water is clear," he explained. "This is building an ecosystem that is truly cohesive. Because this cannot be done by one person, it must be done by all. We are one," he added. SOURCE
Aug, 12 2024
AYOBANDUNG.COM - Bank Indonesia is optimistic that the West Java economy will grow, despite several challenges related to global geopolitics which are expected to affect the national and West Java economies. According to the Head of Bank Indonesia (BI) West Java, Muhamad Nur, there are several factors supporting West Java's economic growth. Among them are improvements in domestic demand, where the increase in the West Java Provincial Minimum Wage (UMP) and the 13th salary payment incentive are expected to boost domestic demand. "Elections and regional elections in 2024, intense political activities can provide a boost to the local economy. Then the growing trend of digitalization in West Java opens up new opportunities for various industrial sectors," he explained. In addition, the investment climate is maintained. Where the increased optimism of business people after the one-round election provides a positive signal for the investment climate. Horticultural deflation in the second quarter of 2024 indicates an improvement in horticultural productivity in West Java. "Infrastructure development such as the Bocimi and Getaci toll roads is improving connectivity between the North and South West Java regions," he explained. Nevertheless, West Java is also faced with several serious challenges, including the uncertainty of the Fed Funds Rate (FFR) decline. In line with the increasing unemployment rate in the United States. Then central bank policy divergence. Various policies taken by the Central Banks of world countries on the dynamics of the global economy add to the uncertainty. "The conflict in the Middle East that escalated after the death of the Hamas leader added pressure to global stability," said M Nur. In terms of the industrial sector, the performance of exports and the processing industry is restrained due to conditions of global economic uncertainty. Then it is necessary to watch out for potential crop failures. Seasonal shifts have the potential to cause the failure of the gadu rice harvest. Scarring Effect of El Nino: The ongoing El Nino condition has resulted in a non-optimal rice harvest. SOURCE
Aug, 08 2024
PORTALJABAR, BANDUNG CITY - The West Java economy in the second quarter of 2024 is still growing positively and solidly. The West Java Central Statistics Agency (BPS) said, the West Java economy in the second quarter of 2024 grew 4.95 percent (Y-on-Y) or grew 2.10 percent (Q-to-Q). Head of West Java BPS Màrsudijono said, the West Java economy based on the amount of Gross Regional Domestic Product (GRDP) at current prices in the second quarter of 2024 reached Rp 706.48 trillion and at constant 2010 prices reached Rp 436.95 trillion. "This means that the West Java economy in the second quarter of 2024 was still positive and solid," he said Monday (5/8/2024). In terms of production, the Transportation and Warehousing Business Field experienced the highest growth of 14.13 percent. From the expenditure side, the Gross Fixed Capital Formation (PMTB) component experienced the highest growth of 6.13 percent. The source of growth (SOG) on a y-on-y basis in terms of business fields, with the largest positive share is the Manufacturing Industry Business Field, which amounted to 1.20 percent. In terms of expenditure, the largest positive contribution to growth was the Household Consumption Expenditure component of 3.05 percent. "West Java's economic growth rate is the second highest in Java after East Java. Contributing 22.54 percent to the national GRDP," he said. Marsudijono also stated that investment in West Java (PMDN and PMA) in the second quarter of 2024 reached Rp 63.7 trillion or increased by 18.62 percent (y-on-y). (Guh) SOURCE
Aug, 08 2024
The agricultural sector is one of the main pillars of West Java's economy. Development in this sector requires strong synergy between the central government, local governments, and all relevant stakeholders. The achievement of food crop commodities in 2024 in West Java is also high, especially for the rice production target according to the results of the MoU with the central government, which is 11,084,635 tons of milled dry grain (MDG). Acting Governor of West Java Bey Machmudin said that the increase in production is sought to be achieved by increasing the planting area through two strategies, namely Increasing the Planting Index (PIP) and Expanding the Planting Area (PAT) which is carried out, among others, through land optimization and pompanization. Bey explained that the progress of refocusing pompanization in West Java had been handed over 100 percent or 7,033 units to farmer groups and utilized by 82.62 percent or 5,811 units. "The other day I visited Tegal Panjang Village, Cariu Subdistrict, Bogor Regency to see the harvest. The area is 3,000 hectares and the average yield is 5.4 to 5.6 tons of GKG per hectare. The use of pumps utilizes the Cihoe River," said Bey Machmudin, during the working visit of Indonesian Deputy Minister of Agriculture Sudaryono in the framework of the Implementation of Agricultural Development Programs in West Java, at Graha Manggala Siliwangi, Bandung City, Wednesday (7/8/2024). "The interesting thing I found is that the use of gas fuel (BBG) for this pump has proven to be much more efficient than gasoline. Production cost savings are significant from Rp100,000 to Rp150,000 per day using gasoline to only Rp25,000 per day with BBG," he added. Bey also thanked the Ministry of Agriculture for the additional budget support to West Java Province for 1,110 units, consisting of 225 provincial units, 885 district/city units for pumping irrigation and 990 units for piped irrigation. No less important, continued Bey, it is also necessary to improve the quality of human resources in the agricultural sector through an intensive Agricultural Extension program. Bey also revealed that the challenges in the agricultural sector are very complex, ranging from climate change, land limitations to problems of distribution and marketing of agricultural products. Meanwhile, Deputy Minister of Agriculture Sudaryono said, based on geographical conditions, West Java in some areas is hilly. It is not uncommon for water sources to be lower than agricultural land. "In West Java there is a geographical condition, the water source is below, the land is above, so immediately report it to the Director of Irrigation. If there is something similar, then this is our target to provide a pumping irrigation program," said Sudaryono. "The Ministry of Agriculture's pumping program provides pumps, and also transfers money to farmer groups so that they can build on the cliffs with pipes," he added. SOURCE
Aug, 08 2024
Bank Indonesia West Java is optimistic that the economy in West Java will continue to grow at 4.6 to 5.4 percent by the end of 2024. The economic growth is based on a number of factors, including domestic demand that remains strong along with increased community mobility, and also the positive economic impact of organizing simultaneous regional elections until the end of this year. "There will be spending of money from contestants that occur in many city districts, how many percent of the impact is not yet available, but it will have a positive impact like the presidential and legislative elections yesterday," said the Head of Bank Indonesia Representative of West Java, Muhamad Nur in his presentation, Wednesday, August 7, 2024. However, there are still a number of global challenges in economic growth in West Java, such as one of which is the increase in geopolitical tension in the Middle East due to the death of a Hamas leader some time ago. Likewise, the increase in the unemployment ratio in the United States and the divergence of policies of various Central Banks in various countries due to the dynamics of the global economy. "Therefore, to overcome this, collaboration and policy synergy between parties are needed," said Nur. 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 is still a sector that can be proud of in West Java, because in the second quarter investment realization reached Rp63.7 trillion and the largest in Indonesia. "The top three investor countries in West Java are Japan Rp 3.09 trillion, South Korea Rp 6.8 trillion, and Singapore Rp 6.7 trillion," he explained. As for inflation, West Java experienced inflation of 0.06 percent in July. However, the public does not need to worry because this value is still lower than the target, so it can be categorized as under control. "It is not something that is worrying when viewed on an annual basis, but we are also not left alone, we continue to evaluate and take steps," said Nur. To realize this, Bank Indonesia together with the Regional Government throughout West Java will hold a High Level Meeting of the Regional Inflation Control Team (TPID) which is planned to be held Thursday, August 8, 2024 in Bandung. SOURCE
Aug, 08 2024
The Association of Regional Guarantee Companies (Aspenda) strengthens business cooperation with PT MNC Asset Management. It is also one of the steps to optimize investment fund management. Including the management of Guarantee Service Fees (IJP). Aspenda Chairman Agus Subrata explained, MNC Asset Management is a company that is quite skilled in fund management and investment. The investment management instrument is very much needed for guarantee companies. That experience and expertise is what underlies Aspenda to be able to establish a partnership with MNC Asset. "From the cooperation, we get a lot of direction or input in terms of fund management instruments. That is the field of MNC Asset Management. So we are quite helped," he explained, Thursday (1/8). The man who is also Plt. The President Director of Jamkrida Jabar continued, Jamkrida or companies under Aspenda are indeed companies engaged in guaranteeing. Companies in Aspenda manage public funds, especially from the Guarantee Service Fee (IJP). Therefore, Aspenda needs a strategy so that fund management can be efficient and effective. Input from MNC Asset Management is certainly needed. "We also manage public funds, especially from IJP income in terms of guarantee services. Each company is quite large so we must manage these funds as efficiently and effectively as possible to make income for the company," he continued. It was recorded that the IJP of Jamkrida throughout Indonesia in 2023 was recorded at Rp 1.48 trillion. That figure increased when compared to 2022 which was at Rp 855 billion. As for West Java, the IJP of Jamkrida Jabar in 2023 was recorded at Rp 250 billion. With guaranteed MSMEs at 1.2 million. The number of MSMEs is only in West Java, not in other regions throughout Indonesia. If calculated with other Jamkrida throughout Indonesia, of course the amount is quite large. The Financial Services Authority (OJK) itself reported that the number of MSMEs in Indonesia reached 64 million. MSMEs are also the driving force of a region's economy. SOURCE
Aug, 07 2024
BANDUNG - The West Java Provincial Government continues to rush to realize the groundbreaking of TPPAS Legoknangka, Bandung Regency. After the cooperation agreement with PT Jabar Enviromental Solutions (JES) in the management of TPPAS Regional Legoknangka last May, the Provincial Government together with the Coordinating Ministry for Maritime Affairs and Investment began discussing technical steps. Pj Jabar Governor Bey Machmudin said there will be a meeting with Coordinating Minister for Marvest Luhut Binsar Pandjaitan regarding Legoknangka. "It will be discussed, tomorrow [Saturday] Mr. Luhut is here. I will discuss how," he said at Gedung Sate, Bandung, Tuesday (6/8/2024). This meeting also dismissed the news that President Jokowi would carry out Legoknangka groundbreaking in the near future. According to him, the construction of Legoknangka must be mature so that after the groundbreaking it does not stall. "Because groundbreaking according to our understanding, there is already direct development. Don't let the construction stop just because there is a president that day," he said. "So we discussed it with Mr. Luhut first, Saturday we will come here," he said. Previously, Bey Machmudin said the provincial government as the Person in Charge of the Cooperation Project (PJPK) was committed to managing regional waste in the Bandung Basin by accelerating the operation of the Legoknangka Regional TPPAS. The signing of the agreement with PT JES marks an important milestone in that commitment. Under the agreement, PT JES is obliged to maintain a debt-to-equity ratio of at least 80:20. The agreement also stipulates a concession period of 20 years as of the Commercial Operation Date (COD), which is expected to begin in February 2029. Included in the signed cooperation, the fulfillment of transaction documents in December 2024 and commissioning tests scheduled for August 2028. The agreement with PT JES will be complemented by a commitment with PT Penjaminan Infrastruktur Indonesia. "The Legoknangka Regional TPPAS project is proof of our commitment to a greener and cleaner West Java. This collaboration will pave the way for advanced waste management and sustainable development in Greater Bandung," he said. The Legoknangka Regional TPPAS will be built on 20 hectares of land in Nagreg District, Bandung Regency. TPPAS Legoknangka will accommodate waste in Greater Bandung, namely Bandung City, Bandung Regency, West Bandung Regency, Cimahi City, plus Sumedang Regency. TPPAS Regional Legoknangka is designed to process waste utilizing advanced technology to be converted into electrical energy. TPPAS Regional Legoknangka will focus on waste acceptance ratios, environmental preservation targets, and efficient waste processing cycles. The Legoknangka Regional TPPAS is expected to significantly reduce the environmental impact of waste in the Bandung Basin while providing reliable electrical energy. However, reduction efforts at the household level still need to be carried out by the community with support from district and city governments. The population of the Greater Bandung metropolitan area continues to increase and is directly proportional to the increase in waste volume. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan hopes that the infrastructure work of the Legoknangka Regional TPPAS project can be accelerated while still observing good results so that it can have a positive impact on the environment. "I hope the completion of the infrastructure can run smoothly with good results because it is very important (indirectly) for the cleanliness of the Citarum River water," he said. SOURCE
Aug, 07 2024
JAKARTA - The government released a new regulation regarding the provisions of the level of domestic components (TKDN) in electricity projects. This new regulation is said to facilitate investment in the development of new renewable energy (EBT). The latest TKDN regulation is contained in Ministerial Regulation (Permen) ESDM No.11 of 2024 concerning the Use of Domestic Products for Electricity Infrastructure Development. Director General of New Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM) Eniya Listiani Dewi said that in the regulation, EBT projects funded by foreign grants or foreign loans are no longer required to include TKDN in tender documents. "What is important in this regulation is that foreign grants are not required to include TKDN in bidding documents," Eniya told Bisnis, Tuesday (6/8/2024). So far, the obligation to include TKDN is said to have hampered the funding of a number of EBT power plant projects. Based on Bisnis records, there are at least 14 EBT power plant projects that are constrained. Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion. The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW). Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN. Meanwhile, the obligation to include TKDN was previously regulated in Minister of Industry Regulation (Permenperin) Number 54 of 2012 concerning Guidelines for the Use of Domestic Products for Electricity Infrastructure Development. Simultaneously with the issuance of Permen ESDM No.11 of 2024, the Ministry of Industry issued Minister of Industry Regulation (Permenperin) No. 33 of 2024 which revoked Permenperin No. 54 of 2012. "The issue of constraints for PLTP and PLTA is in international funding, which previously according to Permenperin No. 54 must include TKDN in the bidding document. Now it has been revoked," Eniya explained. Not only grant projects or foreign investments, according to Eniya, Permen of ESDM No.11 of 2024 also makes it easy to fulfill TKDN for investment in other EBT projects. "Even if it is not a grant or foreign investment, it is easier to implement because the threshold is easier to achieve," he said. Meanwhile, the threshold for EBT project TKDN will be regulated in a derivative regulation in the form of a Decree of the Minister of Energy and Mineral Resources which will be stipulated in the next few days. "The TKDN of industrial product components remains in accordance with the revised Permenperin. However, the TKDN of combined EBT project goods and services has been calculated and this greatly facilitates investment," said Eniya. SOURCE
Aug, 07 2024
The West Java economy in Quarter ll/2024 grew positively by 4.95 percent (yoy). This figure increased from the first quarter of 2024 which grew by 4.93 percent (yoy). This trend was inseparable from high domestic demand, increased investment, and maintained exports. From the demand side, the main support for West Java's economic performance was household consumption which grew to 5.02 percent (yoy) in line with the momentum of HBKN Idulfitri, Iduladha, and public holiday activities. "Gross Fixed Capital Formation (PMTB) grew 6.13 percent (yoy) in line with the realization of West Java's investment which again ranked first nationally with a value of Rp 63.7 trillion or an increase of 18.8 percent (yoy) in the quarter under review," explained the Head of the West Java Representative Office of Bank Indonesia, M Nur in his statement, Tuesday, August 6, 2024. Meanwhile, in terms of exports, West Java managed to grow positively by 10.72 percent (yoy) in line with customs data showing that foreign export performance increased by 1.61 percent (yoy) in the first quarter of 2024. In terms of business fields, West Java's economic growth was contributed by the processing industry which grew positively by 2.81 percent (yoy). "The maintenance of this positive performance was also confirmed by the growth rate of SKDU Industry which grew to 10.79 percent. The warehousing transportation sector grew by 14.1 percent (yoy), followed by the trade sector which grew by 4.53 percent (yoy)," he explained. The growth of the two sectors was also in line with the expenditure side where there was an increase in community activity during the HBKN and holiday periods. SOURCE
Aug, 07 2024
SOUTH CIKARANG - The Bekasi Regency Government continues to take strategic steps to encourage an increase in Regional Original Revenue (PAD) from the tax and levy sector. This time, the Bekasi Regency Government again held a Regional Tax socialization for business people in the Hyundai Cikarang Industrial Estate, located at the Harper Cikarang Hotel, on Monday (05/08/2024). In front of dozens of tenants in the industrial area, Pj Regent of Bekasi Dani Ramdan directly gave a presentation regarding the importance of company contributions in tax revenue. Tax is one of the sources of PAD for development and welfare in the Bekasi Regency area. "Because there are several things that we need to optimize and I see that Bapenda has tried door to door socializing, inviting but not all companies want to attend. I tried this time to socialize directly, hopefully the level of awareness and compliance from taxes and levies will also increase," he said. Dani Ramdan explained, the increase in regional tax revenue, of course, has a reciprocal effect on local government efforts and programs in equitable development. Especially infrastructure that supports the running of business activities and the wheels of the economy not only for the community, but also business people in the industrial area. "Because all taxes collected, collected by the local government will return to the community, including the business world in the form of infrastructure development, in the form of administrative services, licensing, regulation and also health education services. And it will all create a conducive business climate," he explained. Furthermore, Dani Ramdan emphasized that the Bekasi Regency Government is committed to presenting Bekasi Regency as a prime investment destination in West Java and Indonesia. He also invited all companies that attended the socialization to continue to be committed to supporting regional development through their tax contributions. For those who have not, because they have indeed carried out several provisions, they can be open, can be encouraged to carry out their tax and retribution obligations. "And also of course not only that. There are so many contributions of the company outside of taxes, there is absorption of employment, absorption of local products and so on," he said. Head of the Bekasi Regency Regional Revenue Agency (Bapenda), Ani Gustini added, based on the results of the evaluation, it turns out that other potentials that can currently be optimized to increase regional income are catering taxes. Because based on taxpayer data, the percentage of registered caterers, with the number of companies in Bekasi Regency. The numbers are still fairly far away. A total of 349 caterers have been registered from around 7000 companies in Bekasi Regency. "Our hope is of course all of them, but at this time it is still gradual, maybe the target is around 1000 first. Because apart from catering, we are also optimizing regional revenue from the motor vehicle tax sector," he concluded. SOURCE
Aug, 06 2024
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