During the first six months of 2024, PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) was only able to record a net profit of IDR 725.86 billion or a 21.11% drop compared to Semester I-2023 which amounted to IDR 920.14 billion. Based on BJBR's financial report for the period ending June 30, 2024 quoted on Sunday (4/8), the bank under the control of the West Java Regional Government was able to record revenue and sharia income of Rp7.76 trillion or grew 12.14 compared to the same period in 2023 of Rp6.92 trillion. Unfortunately, BJBR's management failed to optimize the control of interest and sharia expenses in the first half of 2024, which was recorded to swell 29.19% (year-on-year) to Rp4.47 trillion, so that net sharia income and interest became Rp3.29 trillion or fell 4.91% (y-o-y). In the first half of 2024, BJBR recorded other operating income of Rp989.27 billion or an increase of 15.1% when compared to other operating income in the same period in 2023 worth Rp859.47 billion. With other operating expenses amounting to Rp3.33 trillion in H1-2024, BJBR's operating profit amounted to Rp945.04 billion or slipped 14.8% compared to H1-2023 which reached Rp1.11 trillion. BJBR's income statement performance during the first six months of this year was further depressed by other operating expenses (net) which swelled 104.97% (y-o-y) to Rp11.95 billion, so that profit before tax in Semester I-2024 became Rp931.1 billion or fell 15.6% (y-o-y). As a result of income tax expense (net) in the first half of this year amounting to Rp160.17 billion, the profit for the year recorded by BJBR was Rp770.92 billion, or slumped 15.17% (y-o-y). The amount of profit for the year attributable to owners of the parent entity in the first semester of 2024 was IDR 725.86 billion, or a 21.11% drop (y-o-y). As of the end of June 2024, BJBR recorded a loan disbursement of Rp126.95 trillion or only grew 9.16% compared to December 31, 2023 which amounted to Rp116.3 trillion. As of June 30, 2024, total assets were recorded at IDR207.27 trillion, an increase of 10.07% (year-to-date), with cash and cash equivalents of IDR2.93 trillion, a decrease of 17% (y-t-d). The decrease in cash was influenced by the net cash flow used for investment activities amounting to Rp6.82 trillion or soared 360.81% (y-o-y), especially the placement of funds in securities which reached Rp11.51 trillion or soared 327.88% (y-o-y). As of June 30, 2024, total customer deposits amounted to Rp141.04 trillion, an increase of 10.68% (y-t-d), with total liabilities of Rp181.93 trillion, an increase of 11.22% compared to the position as of December 31, 2024 which amounted to Rp163.58 trillion. SOURCE
Aug, 05 2024
This activity continues the Green Gold program initiative launched in April 2024 which aims to provide benefits to the environment and economic benefits to local farmers. The hundreds of jackfruit trees were collected thanks to the contributions of more than 5,000 digital gold investors during Buy Gold transactions on Treasury Apps. "The tree planting activity is Treasury's commitment as an environmentally sound digital gold investment platform," said Treasury CEO Andreas Santoso. Moreover, he added, this activity aims to promote sustainable and environmentally friendly digital gold investment to gold investors in Indonesia. "With the active participation of digital gold investors, we believe the Green Gold program can absorb more than 191 tons of carbon emissions in the next eight years," Andreas said in a press statement received by the editor, Thursday (1/8), in Jakarta. Another surprising aspect of the Green Gold program is the number of young investors taking part to support the initiative, with an average age of 28. Reflecting that Indonesia's younger generation has a high concern for environmental sustainability. According to Sudono Salim, Chief Growth Officer of Jejakin, Bogor was chosen as the planting area based on the topography and climate in the Bogor area which can support the growth of jackfruit trees optimally so that it is expected to provide economic benefits to the surrounding farmers. In addition, jackfruit trees have the ability to absorb more carbon than mangrove trees. Jackfruit trees also have many properties. Its leaves have antimicrobial activity that is useful as traditional medicine for anti-inflammatory, antioxidant, antidiabetes mellitus, antimelenogenesis, and anti-cancer. Jackfruit leaves can also be extracted into herbal medicine as a breast milk facilitator. Jackfruit is effective in increasing white blood cells to strengthen the immune system. Jackfruit seeds are high in carbohydrates, potassium, protein, calories, and phosphorus, and can be consumed by frying, boiling, or making chips. The trunk is hard, durable, and resistant to termite or fungal attack. It is often used to make household furniture, construction materials, and musical instruments. Andreas admitted that he will continue to promote sustainable digital gold investment to expand its benefits for Indonesia, encouraging more investors to contribute to environmental conservation efforts. This first phase of tree planting is just the beginning of many other goodwill initiatives that Treasury will undertake in the future. "We hope that more Green Gold Investors will participate in this program so that we can contribute and support Indonesia's efforts to fight climate change," said Andreas. SOURCE
Aug, 02 2024
BEKASI (IndependensI.com) - In order to boost economic growth in Bekasi City, West Java, the local Investment and One-Stop Integrated Service (DPMPTSP) held a Focus Group Discussion (FGD), and was opened by Pj Mayor R Gani Muhamad. The FGD involved business activists in Bekasi City to discuss strategies for optimizing inclusive investment. One of the strategies carried out by the Government in order to increase investment growth in Bekasi City is through partnership network-based investment optimization. The goal is to ensure that investment is not only profitable from an economic perspective for both parties, both the Government and business activists, but also pays attention to the benefits that will be obtained by the community. This needs to be accompanied by a healthy and conducive investment climate in Bekasi City. One of the strategies implemented by the Government in order to increase investment growth in Bekasi City is through optimizing investment based on partnership networks. This aims to ensure that investment is not only economically beneficial for both parties, both the Government and business activists. Dani said that a healthy investment climate occurs when it is ideal and transparent, so that it can encourage solid partnerships between business actors and become a business network and continue to be sustainable. A healthy investment climate needs to be supported by a situation in Bekasi City that continues to be safe and conducive, especially ahead of the November 2024 elections. SOURCE
Aug, 02 2024
Built since 2018, this National Strategic Project during the reign of President Joko Widodo (Jokowi) reached an investment cost of around IDR 43.2 trillion. Indonesia is indeed one of the countries that has many ports, one of which is Tanjung Priok, Tanjung Perak and Soekarno-Hatta. Now this time there is one port that is classified as having a very large land area of up to hundreds of hectares. The port is the Patimban port located in Subang, West Java. With a budget investment of Rp43.2 trillion. The urgency of the construction of Patimban port is to reduce the volume of shipments to Tanjung Priok port. Because the Tanjung Priok port location is already difficult to expand again, so that with the Patimban port it is expected to reduce logistics costs between Banten, DKI Jakarta, West Java and Central Java. It is known that the Patimban port development project, Subang, West Java phase 1-2 with an investment value of up to IDR 9.5 trillion. Phase 1 (packages 1-4) is 35 hectares, a Container Terminal with a capacity of 250,000 TEUs. And 25 hectares of Vehicle Terminal with a capacity of 218,000 CBUs. The target has been achieved one hundred percent. The advanced phase of Patimban port development is carried out in phases 1 and 2 from 2022 to 2024 with an investment value of Rp9.5 trillion. This phase is divided into two packages, namely packages 5 and 6. Package 5 will build a vehicle terminal and package 6 will build a container terminal. The port with an area of 639 hectares and a capacity of 2.74 million TEUs makes Patimban port one of the largest ports in Indonesia. It is estimated that the construction of Patimban port will be fully completed by 2027 and its capacity will increase to 7.5 million TEUs. This is the information about Patimban port, one of the National Strategic Projects (PSN) with an investment cost of Rp43.2 trillion. SOURCE
Aug, 01 2024
The West Java Provincial Government (Pemprov) will again disburse the budget for Kertajati Airport in Majalengka Regency. This certainty is reflected in the Draft General Budget Policy (KUA) and Draft Temporary Budget Ceiling Priorities (PPAS) of the West Java Provincial Budget for 2025. “The memorandum of agreement has been signed. There are several programs that are prioritized for the regional infrastructure sector. Those are smooth roads, BRT Bandung Raya, and BIJB Kertajati,” said Acting West Java Governor Bey Machmudin through a press statement. The memorandum of agreement is the basis for regional apparatus. In particular, compiling the Budget Work Plan (RKA) and compiled as material for the preparation of the financial memorandum and regional budget 2025. In addition, Bey also prioritizes the repair program for uninhabitable houses (Rutilahu). Including, handling slum areas for the Natural Resources Management (PSDA) sector. For the PSDA sector, including food insecurity, farmer regeneration, inflation control, downstream industry, MSMEs, and investment. Meanwhile, based on the results of the discussion, Bey explained that the draft KUA and draft PPAS 2025 targeted regional revenue of Rp29.93 trillion. And regional expenditure of Rp29.74 trillion. “Regional financing revenue amounted to Rp424.58 billion. As well as regional financing expenditures of IDR 616.81 billion so that the volume of the APBD is IDR 30.35 trillion,” he said. Bey appreciated all members of the West Java DPRD, TAPD and Regional Apparatus who had conducted joint studies and discussions. Thus, the determination of revenue and expenditure targets can be allocated realistically. “Hopefully all the development efforts that we have done, are doing, and will do in APBD 2025 can bring benefits to improve the welfare of the community,” he concluded. SOURCE
Aug, 01 2024
LENGKONG, AYOBANDUNG.COM - This toll road in West Java offers different facilities from most other toll roads. The track of the most recent toll road, which was inaugurated by President Jokowi in section 4. The Cibitung-Cilincing Toll Road does not only have rest area facilities. There are other functional places that are modified to support economic connectivity in the area. So do not be surprised if this toll road takes an investment fund of Rp12.91 trillion. It turns out that this toll road in West Java has a logistics area to help logistics distribution. In addition, the wide toll road track area, also makes a workshop area for containers to the warehouse is also on this toll road. This toll road also has a washing area for containers. The Cibitung-Cilincing Toll Road in West Java also has a modern warehouse and parking area for cars or large trucks. There are workshop facilities and container washing facilities on this toll road. For motorists who cross this toll road, not only will they rest, but they can also take advantage of other supporting facilities. The logistics area on the West Java toll road is 40 hectares, which is located at KM 16.5, if the driver is from the Cibitung area. The length of the track from Cibitung to Cilincing is 7.7 kilometers. Section I has a length of 2.96 kilometers, with a point from Cibitung to Telaga Asih. Meanwhile, the section II route from Telaga Asih to Gabus reaches 9.41 kilometers. Then for section III which is the longest section of this toll road, which is 13.09 kilometers long. Thus the information we shared about toll roads in West Java that were built with unique facilities. SOURCE
Aug, 01 2024
Warta Ekonomi, Jakarta - Apindo Jabar welcomed the Nagasaki Prefectural Assembly's visit to the Rebana Region. This meeting is an important first step in strengthening international relations and promoting the economic potential of the Rebana region. The Chairperson of Apindo West Java, Ning Wahyu, was present as a guest speaker at the Nagasaki Prefectural Assembly (the regional legislative body responsible for the government of Nagasaki Prefecture in Japan) visit to the Tambourine Region. The event, which was organized by the Rebana Area Management Agency at Horison Ultima Kertajati Hotel, was also attended by local governments from seven regencies / cities in the Rebana region as well as leaders of strategic projects in the Rebana Region such as the Director of PT Patimban International Port, Director of PT BIJB Aerocity Development, Daily Chairman of Kuningan Tourism Development Board, Director of Bandung Manufacturing Polytechnic, and other invited guests. “This meeting is expected to increase investment and make Rebana one of Indonesia's future economic growth centers,” Ning said in Bandung, Thursday (1/7/2024). Ning assessed that the Rebana region has various advantages, including adequate infrastructure such as international quality ports and airports. In addition, West Java has the largest labor force in Indonesia, at 25.8 million or 17.3% of the national total, which is a huge potential. The support of the central government through Presidential Regulation No. 87 of 2021 concerning the Acceleration of the Development of the Tambourine Region and various National Strategic Projects in the region also provides additional advantages. “In fact, the relatively low MSE value makes Rebana a competitive area for investment,” he said. Meanwhile, in terms of Human Resources, Ning invited collaboration through benchmarking, international internships, building more comprehensive training, and developing social design to transform the mindset from agriculture to industry. “It is important to build a community that has hospitality, given the great potential for developing areas around industrial estates into tourism areas, such as those in Kuningan Regency,” she explained. Ning expressed readiness to collaborate with the Nagasaki Prefectural Assembly, with the various potentials that exist in the Rebana Region through the implementation of Apindo Jabar's strategic programs, namely “From Jabar for Jabar”, “From Jabar for Indonesia”, and “From Jabar for the World”. “These programs aim to maximize the potential that exists in West Java, both the potential of natural resources, human resources, and the potential of MSMEs, so that they can take an important role in increasing investment in Rebana,” he explained. Meanwhile, the Nagasaki Prefectural Assembly welcomed the invitation for collaboration from Apindo Jabar regarding human resources, such as in meeting the needs of workers in the forestry and fisheries sectors in Japan, where they are currently experiencing a shortage of workers. Ning also invited stakeholders to increase collaboration in facing challenges in Rebana, especially in HR development. “Closer collaboration is needed between universities, governments at the central, provincial, and seven regencies/cities in the Rebana region, as well as vocational institutions, media, and the community. We will also help oversee government policies to support human resource development,” he concluded. SOURCE
Aug, 01 2024
The Cirebon City Investment, One-Stop Integrated Service (DPMPTSP) Office conducted socialization. Related to risk-based business licensing supervision at Zamrud Hotel, Cirebon City, Monday, July 29, 2024. This activity is an implementation of the Job Creation Law (UU) because the results have an effect on all business licensing sectors. Both the center and regions adopt a risk-based approach system (Online Single Submission Risk Based Approach / OSS-RBA). Including Cirebon City, business licensing has used a risk-based approach. In fact, those with low risk only need to register to get a Business Identification Number (NIB). Head of DPMPTSP of Cirebon City, Sosro Harsono said, the socialization aims to increase the understanding of business actors. Thus, adjusting the existing rules and at the same time increasing investment realization in Cirebon City. “This regulation increases business security and increases the amount of capital investment. Thus, regional investment will increase. One of them is by orderly making Investment Activity Reports (LKPM) for business actors,” he said. Sosro Harsono added, business actors who orderly make LKPM will provide great benefits. Because it can slowly realize the vision of Cirebon City to become a trade and service area. “This vision is in accordance with Cirebon City Regional Regulation (Perda) Number 2 of 2024. It is about risk-based business licensing,” said the Head of DPMPTSP of Cirebon City. For your information, the achievement of investment realization until the first quarter of 2024 reached Rp 240,702,727,554. That figure is around 80.23% of the Cirebon City target, which is Rp 300 billion. The achievement of investment realization in Cirebon City has only reached 27.98%. That is when comparing with the West Java Province (Jabar) DPMPTSP target of Rp 860 billion. Then in 2024, targeting 9,190 NIB issuances and 5,492 realized until Quarter II. In total, since the launch of OSS-RBA, there have been 17,274 NIBs issued by DPMPTSP in Cirebon City. “DPMPTSP wants to maximize the implementation of risk-based business licensing supervision. It also creates companies that have a spirit of progress through LKPM (Investment Activity Report),” concluded Sosro Harsono. SOURCE
Jul, 31 2024
Acting West Java Governor Bey Machmudin signed a Memorandum of Understanding between the Governor and the West Java DPRD on the Draft General Budget Policy (KUA) and Draft Temporary Budget Ceiling Priorities (PPAS) for the West Java Provincial Budget Year 2025. The signing was carried out during the West Java DPRD Plenary Meeting at the West Java DPRD Building, Bandung City, Monday (29/7/2024). The memorandum of understanding is the basis for regional apparatus to compile Budget Work Plans (RKA) and is compiled as material for the preparation of financial notes and regional regulations for the 2025 APBD. “Today a memorandum of agreement has been signed, there are several programs that are prioritized for the regional infrastructure sector, namely smooth roads, BRT Bandung Raya, and BIJB Kertajati,” Bey said. In addition, Bey also prioritized a program to repair uninhabitable houses (Rutilahu), handling slums for the Natural Resources Management (PSDA) sector, including food insecurity, farmer regeneration, inflation control, downstream industry, MSMEs, and investment. Based on the results of the discussion, Bey explained that the draft KUA and draft PPAS 2025 targeted regional revenue of Rp29.93 trillion and regional expenditure of Rp29.74 trillion. “Regional financing receipts amounted to Rp424.58 billion and regional financing expenditures of Rp616.81 billion so that the volume of the APBD amounted to Rp30.35 trillion,” he said. Bey appreciated all members of the West Java DPRD, TAPD and Regional Apparatus who had conducted joint studies and discussions so that the determination of revenue and expenditure targets could be allocated realistically. “Hopefully all the development efforts that we have done, are doing, and will do in APBD 2025 can bring benefits to improve the welfare of the community,” concluded Bey. SOURCE
Jul, 31 2024
The country's manufacturing industry is not in good shape. Although the flow of investment in the manufacturing industry is relatively heavy, the trend of layoffs in this sector is also relatively large. Referring to the report of the Ministry of Investment / Investment Coordinating Board (BKPM), manufacturing investment realization grew 24.68% year on year (yoy) to IDR 337 trillion in the first semester of 2024. The manufacturing industry contributed 40.6% of the total national investment realization. However, the wave of layoffs continues to occur in the manufacturing industry, especially in the textile and textile products (TPT) sector, which is a labor-intensive sector. The Confederation of Workers Unions of the Archipelago (KSPN) stated that there were 14,500 textile workers who were laid off from the beginning of the year to July 2024. This number has the potential to increase to 15,000 workers given the planned closure of a textile factory in Bandung, West Java in August. Chairperson of the Indonesian Employers Association (Apindo) Shinta W. Kamdani stated that the potential for layoffs in the manufacturing industry still exists, especially in labor-intensive export-oriented sectors such as TPT. This sector has experienced tremendous pressure both in terms of market and business cost inflation. “Other manufacturing subsectors have a less risk of layoffs, but there is potential for a prolonged hiring freeze,” he said on Tuesday (30/7). In general, Apindo estimates that the condition of the manufacturing industry will be more challenging until the end of the year. Apart from being triggered by an increase in business operating costs as a side effect of the rupiah exchange rate correction, people's purchasing power has also not stabilized so that market demand has decreased. Not only that, some businesses are also still waiting and seeing for business expansion due to the government transition. SOURCE
Jul, 31 2024
Minister of Investment or Head of the Investment Coordinating BoardInvestment Coordinating Board (BKPM) Bahlil Lahadalia proudlyrevealed that during the second quarter period. In the latest data, foreign investment (FDI) in Indonesia managed to score Rp 428.4 trillion. In his statement, a mentioned that the figure rose 6.3 Percent from the previous quarter and up 16.6 Percent from the second quarter of 2023. Bahlil added that Indonesia's success in bringing in mask investors into the country is something to be proud of considering that currently there are 95 countries that have applied for loan assistance to the International Monetary Fund (IMF) due to uncertain global economic conditions. “We all know that currently the global economy isis still in a concerning condition.In fact, there are already a total of 95 countries that have become patients of the IMF,” Bahlil said in a press conference held at the Ministry of Finance in a press conference held at the Ministry ofInvestment on Monday, July 29, 2024. Referring to data from the Ministry of Investment, it was also mentioned that there were five countries with the largest investment in Indonesia during the first period of 2024. Among these countries, Singapore managed to occupy the first position and was followed by China in the second position. According to Bahlil's statement, Singapore has invested inIndonesia amounting to 8.9 billion US dollars until the first semester period of 2024.2024. Then. China also followed by investing3.9 billion US dollars. The five largest investment recipient regions are West Javawith a nominal value of Rp 63.7 Trillion, DI Jakarta with Rp 62 Trillion,East Java Rp 35.6 Trillion, and Banten Rp 33 Trillion, and Central Sulawesi Rp 32.8 Trillion. Central Sulawesi Rp 32.8 trillion.“This shows that industrialization is running massively. Behinduncertainty of the global economy, we are grateful that the global public still trust our country to be one of the investment destinations,” Bahlil explained. “This shows that industrialization is running massively. Despite the global economic uncertainty, we are grateful that the global public still trusts our country to be one of the investment destinations,” Bahlil explained. SOURCE
Jul, 31 2024
Vietnamese electric car manufacturer VinFast Auto officially started building its first electric vehicle assembly plant in Indonesia marked by the groundbreaking ceremony in Subang, West Java, by Presidential Chief of Staff Mr. Moeldoko. PT Vinfast Automobile Indonesia applied for 30,000,000 VA of new electricity at the location of the electric vehicle production plant in Cibogo Village, Cibogo District, Subang Regency, West Java. VinFast is a member of VinGroup, one of Asia's largest multi-industry private economic groups. VinFast Indonesia CEO Temmy Wiradjaja stated that with the philosophy of “Putting customers at the center”. Vinfast conducts continuous innovation in creating classy products, providing satisfaction for its customers, and is ready to lead the electric vehicle revolution. This is in line with one of PLN's missions, which is to make electricity a medium to improve the quality of people's lives. “We held this groundbreaking event just a few months after VinFast officially established its presence in Indonesia, marking an important milestone in our strategy to become a leading player in one of the most promising electric vehicle markets in the region,” Temmy said. The plant will operate with an annual production capacity of 50,000 vehicles and include several key production areas such as Body Shop, General Assembly Shop, Paint Shop and testing area, among others. The initial electricity demand should be around 18.16 MW in early May 2025 to support the operation of the company. PLN UP3 Purwakarta Manager Grahaita Gumelar enthusiastically welcomed Vinfast Indonesia's investment in building an electric vehicle factory in Subang, Gumelar also said that he would support the electricity needs for the operation of the electric vehicle industry. “PLN is very enthusiastic to support the electricity supply of PT Vinfast Indonesia which has invested in the production of electric vehicles in Subang, we are committed to supporting business development and providing satisfactory service to Vinfast Indonesia. We hope this can increase electricity sales and support economic improvement.” Gumelar said. The project is expected to absorb thousands of local jobs and contribute significantly to the economic and social development of the local community. It is considered ready to have a major impact in encouraging environmentally friendly transportation in Indonesia. Susiana Mutia, General Manager of PLN West Java Distribution Unit Induk, expressed her full support for the economy of West Java province. She also said that PT Vinfast Indonesia's large investment in disubang, which produces electric vehicles, will be given the best electricity service from PLN so that it can support industrial operations. “Full support is given by PLN UID Jabar in the development of the Indonesian economy, with the large investment of PT Vinfast Indonesia is expected to boost the electric vehicle sector further and realize an environmentally friendly future when everyone can enjoy access to smart, safe, and environmentally friendly electric vehicles.” Susi said. “The increase in the electric vehicle sector is expected to increase economic growth, and improve the quality of life of the Indonesian people in the future,” Susi concluded. SOURCE
Jul, 30 2024
The contribution of Micro and Small Enterprises (MSEs) to investment continues to increase. During the first six months of 2024 (Semester I-2024), there were 2.4 million MSE projects with an investment value of Rp127 trillion. The Ministry of Investment/Investment Coordinating Board (BKPM) noted that in the January-June 2024 period, MSE projects managed to absorb 4.69 million workers. “From January to June, a total of 2.4 million projects were entered, with a value of Rp127 trillion for the employment of 4,696,618 people,” said Investment Minister/Head of BKPM Bahlil Lahadalia in Jakarta, Monday (29/7/2024). Of the micro and small business projects in Semester I-2024, Bahlil said that it was still dominated by the trade and repair sector worth Rp46.5 trillion. Furthermore, the services sector contributed Rp24.8 trillion, hotels and restaurants Rp13 trillion, construction Rp11.9 trillion, and food crops Rp7 trillion. Meanwhile, when broken down by location, West Java Province is the province with the largest progress in MSE investment development, with a project value of Rp22.1 trillion. Outside MSEs, BKPM noted that investment in January-June 2024 (first semester) realized amounted to IDR 829.9 trillion and succeeded in absorbing as many as 1.225 million workers. The labor absorption was dominated by domestic investment (PMDN) with an investment value of Rp408.2 trillion and absorbed 738,202 Indonesian workers. Meanwhile, foreign investment (PMA) realized in the first semester amounted to Rp421.7 trillion with the absorption of 486,840 workers. Banking Credit Although the investment value of MSE projects is relatively small, in terms of employment, Bahlil admitted the large contribution of the MSE sector which reached 4.69 million workers. Therefore, he hopes that banks can increase the provision of credit or capital facilities to the MSE sector. Bahlil said, of the total credit / lending disbursed by banks of Rp6,300 trillion, only 18 percent was channeled to micro, small and medium enterprises (MSMEs). “So if we give more capital with banking facilitation, then this is the best instrument to create jobs. Even if wages are still minimum wage,” he said. (ant) SOURCE
Jul, 30 2024
The Ministry of Investment or the Investment Coordinating Board (BPKM) recorded an investment achievement of Rp428.4 trillion in the second quarter of 2024. This information was conveyed by the Minister of Investment/Head of BPKM, Bahlil Lahadalia, in a press conference at the Command Center Room, Barli Halim Building, Ministry of Investment, South Jakarta, on Monday (29/7/2024). According to Bahlil, Indonesia's economic growth increased by 6.7 percent compared to the previous year, and an increase of 22.5 percent compared to the previous quarter. “Despite the global economic uncertainty, we remain grateful that the global public still trusts us as one of the investment destinations, both from outside and within the country,” he said. In the second quarter of 2024, foreign investment (FDI) reached Rp217.3 trillion, an increase of 6.3 percent from the previous year. Meanwhile, domestic investment (PMDN) was recorded at Rp211.1 trillion, an increase of 7.1 percent. The sector that absorbed the most investment was the base metal industry with a value of Rp74.0 trillion, followed by the mining sector at Rp45.6 trillion, telecommunications warehouse transportation at Rp41.3 trillion, residential, industrial, and office areas at Rp33.5 trillion, and other services at Rp30.6 trillion. The top five regions in PMA investment realization were West Java (USD2.5 billion or 17.5 percent), Central Sulawesi (USD2.1 billion or 14.6 percent), DKI Jakarta (USD1.8 billion or 12.9 percent), North Maluku (USD1.7 billion or 12.4 percent), and Banten (USD1.3 billion or 9.3 percent). For PMDN, DKI Jakarta led with 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 mentioned five major countries investing in Indonesia, namely Singapore (USD4.6 billion), China (USD2 billion), Hong Kong (USD1.9 billion), South Korea (USD1.3 billion), and the United States (USD0.9 billion). In addition, BPKM also focuses on investment for micro and small enterprises (MSEs), with 2,411,350 MSE projects registered in the first semester of 2024. These projects, which include 2,206,932 micro projects and 204,418 small projects, have an investment value of IDR127.0 trillion and have created 4,696,618 jobs. SOURCE
Jul, 30 2024
The Investment Coordinating Board (BKPM) reported that the highest investment realization in the second quarter of 2024 took place in the West Java region, reaching Rp63.7 trillion. Furthermore, the region with the second highest investment realization was DKI Jakarta with Rp62 trillion. Then, East Java Rp35.6 trillion, Banten Rp33 trillion, and Central Sulawesi 32.8 trillion. According to BKPM data details, the largest realization of domestic investment (PMDN) took place in DKI Jakarta Rp34.1 trillion or 16.1% of the total PMDN. Then, in West Java amounting to Rp25.6 trillion or 12.1%. “Furthermore, in East Java Rp24.1 trillion or 11.4%, Riau Rp21.8 trillion or 10.3%, and West Nusa Tenggara Rp14.2 trillion or 7.2%,” said Investment Minister/Head of BKPM Bahlil Lahadalia, Monday (29/7/2024). In terms of foreign direct investment, West Java is the region with the largest foreign investment, reaching US$2.5 billion or 17.5% of total foreign investment. Then, Central Sulawesi US$2.1 billion or 14.6%, DKI Jakarta US$1.8 billion or 12.9%. Two regions that also entered the top five foreign investments were North Maluku US$1.7 billion or 12.4%, and Banten US$1.3 billion or 9.3%. In total, BKPM recorded investment realization of Rp428.4 trillion in the second quarter of 2024, an increase of 22.5% on an annual basis (year-on-year / yoy) compared to the same period last year. The figure consisted of foreign investment (PMA) of IDR 217.3 trillion, up 16.6% yoy, and domestic investment (PMDN) of IDR 211.1 trillion, up 29.1% yoy. In terms of region, investment in the Java region was recorded at IDR213.2 trillion or up 27.1%. investment outside Java was IDR215.2 trillion or up 18.3% yoy. SOURCE
Jul, 30 2024
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