Agriculture Minister Andi Amran Sulaiman said the government will distribute 75,000 water pumps in West Java, Central Java and East Java provinces. The pumps will channel river water to farmlands. Amran explained that this effort was made in order to boost agricultural productivity, especially rice commodities, to anticipate the dry season which is prone to drought. “In total, we are planning 75 thousand pumping units throughout Indonesia, the goal is to pump water in rivers that do not dry out during the dry season,” Amran said when met in Jakarta, Sunday (28/7/2024). Furthermore, according to him, through the pumping program, it is expected that rice productivity in Indonesia can be boosted to five million tons in one harvest season. The presence of the pump will at least contribute to irrigating 500 thousand hectares of rice fields in the three provinces. Mentan hopes that the increase in rice productivity can reduce the number of imports that are currently still being carried out by the government in order to maintain food security. Even this year alone, the government's rice import target has reached 3.6 million tons. “This pumping is located in West, Central, and East Java, there are about 500 thousand hectares of rice fields, imagine if we pump it all, it can produce about 5 million tons, which means what, we can reduce imports,” Amran said. Amran explained that currently there are 63 thousand water pumps that have been installed in West Java, Central Java, and East Java. According to him, this has a direct impact on rice productivity. In fact, according to him, based on data from the Central Statistics Agency (BPS), the total rice that will be harvested in the next two months will increase by around 700 thousand tons. “Through the pump, those who previously only planted once became three times, meaning that production has increased, the results are already there, up to 700 thousand tons,” he said. (Wahyu Dwi Anggoro) SOURCE
Jul, 29 2024
West Java Province again achieved the highest investment realization in 2022, worth Rp 174 trillion. This achievement places West Java at the top in Indonesia as the province with the highest investment realization for three consecutive years from 2020-2022. “Investment realization in West Java (2022) is still the highest (nationally) at around Rp 174 trillion,” said West Java Governor Ridwan Kamil as quoted from a press release, Monday (30/1/2023). Based on data from the Investment Coordinating Board (BKPM), in 2020, the value of investment to West Java reached Rp 120 trillion or 14.6% of the total national investment realization of Rp 826.2 trillion. Investment to West Java was again the highest in 2021 and increased 15.6% from the previous year, which amounted to IDR 136 trillion. This value also exceeds the target set by BKPM, which is IDR 127 trillion. Kang Emil, Ridwan Kamil's nickname, revealed that West Java being the investment champion for three consecutive years was an anomaly. The reason is, during the span of 2020-2022 the Covid-19 pandemic ravaged the Indonesian economy. “Another anomaly is that the high labor wages in West Java did not discourage companies, both Foreign Investment (PMA) and Domestic Investment (PMDN) to invest in West Java,” he said. Kang Emil also revealed the reason West Java has always been the favorite of investors. First, infrastructure in West Java is the most adequate compared to other regions in Indonesia. “Even nine toll roads are now being built in various regions, including the Jakarta-Bandung Fast Train which is planned for June 2023 to start operating and become the first fast train project in Southeast Asia,” he continued. In addition, there is the Patimban Port which is included in the Tambourine Metropolitan area in northern West Java. According to him, if the construction is 100% complete, Patimban will become the largest port in Indonesia. The second reason, West Java Human Resources (HR) is considered the most productive investor in Indonesia. According to him, entrepreneurs claim to have nothing to lose by paying expensive wages because it is proportional to the productivity produced. The next factor that is a consideration for investment in West Java is the ease of licensing. Especially when the area is included in the Special Economic Zone (KEK). He also has a special way of attracting investors. He emphasized his staff not to “keep the shop”, but to “pick up the ball” or offer directly to potential investors about the advantages of investing in West Java. He also said, with the highest investment realization value, West Java contributed greatly to national economic growth. Where in the fourth quarter of 2022, the West Java economy grew at 5.7%. This investment realization is also directly proportional to the absorption of labor. “As of today, open unemployment has fallen. Because where there is investment, there is growth and reduction in unemployment,” he said. In fact, he emphasized, the most poverty reduction in Indonesia in 2022 was West Java. The Central Statistics Agency (BPS) released five provinces with the most decline in the poor. The first rank is West Java (17.36 thousand), DKI Jakarta (7.11 thousand), Lampung (6.82 thousand), North Sumatra (6.1 thousand), Bengkulu (4.3 thousand). In addition, West Java is also not included in the provinces with the highest number of poor people released by BPS as of September 2022. “This shows that the West Java economy today is almost equivalent to that before Covid-19. There is even an anomaly that we thought investment would decrease, but instead it increased rapidly. In 2023 we will enter the normalization stage,” he concluded. SOURCE
Jul, 29 2024
PORTALJABAR, BANDUNG CITY - The Indonesia Stock Exchange (IDX) notes that not only individual investors are listed on the exchange, but also institutional investors. If individual investors transact on behalf of themselves, then institutional investors will represent their institutions. Head of the Representative Office of the Indonesia Stock Exchange (IDX) West Java Achmad Dirgantara said, individual investors can be anyone who already has a resident identity card (KTP) and has an account at the bank. Meanwhile, institutional investors consist of pension funds, banks, insurance companies, foundations, and endowment funds managed by professionals. These institutions transact on behalf of their respective clients. “While individual investors have limited capital, institutional investors have relatively large managed funds. Therefore, institutional investors are not as flexible as individual investors in trading their stock portfolio on the IDX,” said Achmad, Friday (26/7/2024). “Institutional investors generally tend to choose stocks with large market capitalization values and strong fundamentals or blue chips stocks. And the return on investment is not as high as the potential return on shares in the second layer that can be more easily purchased by individual investors,” he added. However, because the transaction value is large, according to Achmad, the nominal profit obtained by institutional investors is certainly much greater than the transaction value of individual investors. “Individual investors generally rely more on technical performance references from the ups and downs of stock prices. Meanwhile, institutional investors generally tend to use references to the company's fundamental performance before choosing stocks to be placed in their portfolio basket,” he explained. The character of the stock investment period is long-term. This strategy can be easily followed by individual investors. Meanwhile, institutional investors may have an obligation to trade their portfolio within a certain period of time according to the direction of their respective institutions. According to Achmad, it is also easier for individual investors to choose stocks that are in line with the business sectors they like or are good at. Institutional investors, on the other hand, are limited to the business sectors or types of businesses permitted by the institution they represent. “Another important strategy in investing is diversification. If you have a large fund, investors have the responsibility to generate returns according to the target,” he said. To make it easier to follow market movements, institutional investors generally have a strategy of buying stocks that are constituents in one of their chosen stock indices. Of course, the movement of the composite stock index on the IDX is also greatly influenced by the buying and selling actions of institutional investors. (Parno) SOURCE
Jul, 29 2024
POJOKSATU.id, Bandung City - Acting Governor of West Java, Bey Machmudin, called on all architects to create environmentally friendly building designs to support sustainable development in West Java. In his speech at the Awarding Night of the Indonesian Architects Association (IAI) Jabar Award, at Savoy Homan Hotel, Bandung City, Saturday (27/7/2024), Bey Machmudin emphasized the importance of applying safe construction technology, using environmentally friendly building materials, and utilizing renewable energy such as solar power. “I hope that architects in West Java continue to develop themselves, broaden their horizons and adopt the latest technology in every work produced,” he said. Bey also invited stakeholders to continue to work together in creating an environment that supports the development of architecture in West Java. “The West Java Provincial Government is committed to supporting every initiative that aims to improve the quality of development and people's lives,” he said. He also appreciated the architects who have contributed their works to the development of West Java. He said architecture has an important role in shaping the face and identity of a region. “Good architecture not only reflects beauty and aesthetics but must also be able to answer the challenges of the times, be environmentally friendly and sustainable,” he said. In recent years, Bey said he has seen many architectural works that have had a positive impact on the people of West Java. Both in terms of economy, social and culture. “I am very proud to see the development and innovation that has been done by architects in West Java. This is proof that our architects are able to answer the challenges and needs of society,” he said. Through this award, Bey hopes to motivate architects to continue working and contributing their best for the progress of West Java. “To all the architects present, I thank you for your dedication and hard work in building a better West Java,” he said. “Let us make this a momentum to continue to innovate and collaborate for mutual progress,” Bey concluded. SOURCE
Jul, 29 2024
Cirebon Regency, as part of the Rebana region of West Java, is considered to have great potential that has not been fully utilized to attract investors. According to the Chairman of Cirebon Regency Apindo, Asep Sholeh Fakhrul Insan, this region has advantages that should be considered for industrial investors. According to Asep, Cirebon Regency has a large area that has not been fully utilized as an industrial area, with the added advantage of five toll gates that facilitate product distribution and reduce production costs. “Currently, Cirebon Regency is very potential as a new industrial area in West Java. The existence of five toll gates is very beneficial for investors because it minimizes distribution and production costs,” he told detikJabar, Monday (07/22/2024). The district also offers attractiveness for labor-intensive investors who need labor with competitive wage costs compared to surrounding areas such as Bekasi and Karawang. However, Asep also highlighted several obstacles that need to be resolved immediately. One of them is the issue of land controlled by the land mafia, which hinders investors' access to the necessary land. “We realize that there are still obstacles that must be overcome immediately, especially related to the problem of land controlled by the land mafia. This is a major obstacle to the pace of investment in Cirebon Regency,” he explained. Another problem is slow licensing, which is utilized by irresponsible parties for certain interests. To overcome these challenges, Asep encouraged the Regional Government to establish an investment forum involving the private sector, in order to build a strong synergy between the government and investors. “With the investment forum, we can overcome existing problems and ensure the active role of the Regional Government and Fokopimda in monitoring and supervising the entire investment process in Cirebon Regency,” he said. He added that it is important to accelerate the completion of the Regional Spatial Plan (RTRW) in a professional manner to avoid misuse and ensure the development of industrial estates runs smoothly. “With the right steps, Cirebon Regency can build an effective industrial area and accelerate economic growth in this region,” concluded Asep Sholeh. The golden potential of Cirebon Regency as a new industrial area in West Java must certainly be utilized with the right strategy, presenting attractive and sustainable investment opportunities for local and international investors. In a separate place, Pj Regent of Cirebon Wahyu Mijaya said that every week he has continued to evaluate with SKPD to solve problems in investment. In the future, his party will also invite Apindo as a party who knows about the reality in the field, one of which is about the existence of the land mafia. “Our future plans will invite Apindo what is actually found in the field related to problems related to Apindo and we will do what can be done,” he said.In principle, to accelerate investment in Cirebon Regency. Currently, the Cirebon Regency Government holds weekly meetings with Forkopimda to discuss the acceleration of investment. “Ready to follow up on individuals who play that hamper investment in Cirebon Regency,” he explained. SOURCE
Jul, 26 2024
NAWACITAPOST.COM - In accordance with the direction of the Head of the West Java Regional Office of the Ministry of Law and Human Rights, Masjuno, and the West Java Regional Office of Law and Human Rights, Andi Taletting Langi, through the Head of Legal Services, Ave Maria Sihombing, together with the Head of Subbid Yan AHU, Zaki Fauzi Ridwan and Head of Subbid Yan KI, Dona Prawisuda, gave attention to participating in SAKICEUP BOSS! (Means of Easing Fast Permits for Business Actors Acting On The Spot) coupled with the West Java Level Livestock Contest and Food Expo 2024 Thursday, (07/25/2024). In order to support the achievement of comprehensive investment and as an effort to improve the welfare of the community, the Regional Government of West Java Province is committed to being able to provide easy licensing services, especially for micro and small business actors. One of the efforts that will be made is the issuance of 1,000,000 (one million) Business Identification Numbers (NIB) and the provision of other business legality facilities to micro and small business actors throughout West Java. In order to accelerate the implementation of this matter, the DPMPTSP of West Java Province provides direct services to the potential location of micro and small business actors in the SAKICEUP BOSS! (Sarana Kemudahan Izin Cepat Untuk Pelaku Usaha Beraksi On The Spot) activity. Quoting what the Acting (Pj) Governor of West Java Bey Machmudin once said at the opening of the first inauguration of services at the West Java Province Investment and One-Stop Integrated Services (DPMPTSP) Office. “West Java has received the first rank in public services from BKPM, for investment services West Java has won compared to other provinces. This shows that the service in West Java is very good,” said Bey. On this occasion also attended directly the Acting (Pj) Governor of West Java, Bey Machmudin and the Head of the West Java Province Investment and Door Integrated Service, Nining Yuliastiani “Intellectual Property Services and AHU Services online this service process is easy, fast and clear in the implementation of public services”. Through the Sakiceup Boss program, it can integrate intellectual property rights creation services and General Legal Administration services such as the establishment of Individual Companies, Apostille / Legalization and Citizenship. This is proof of the commitment of the Ministry of Law and Human Rights in providing excellent service to the community. This is not the first time the West Java Regional Office of the Ministry of Law and Human Rights has participated in this activity. In total, the Regional Office of the Ministry of Law and Human Rights of West Java has participated in this activity 4 (four) times. 1. Garut 2. Purwakarta 3. West Bandung Regency and today the 4th in Bandung Regency. SOURCE
Jul, 26 2024
Warta Ekonomi, Bandung - The Government Investment Center (PIP), a Public Service Agency (BLU) under the Ministry of Finance, has channeled Rp8.35 trillion in financing to 2.21 million micro businesses in West Java. PIP President Director Ismed Saputra said that as a coordinated fund tasked with supporting the development of ultra-micro businesses, PIP has reached more than 10.6 million debtors in Indonesia. The accumulated loans that have been disbursed over the past seven years have reached Rp40.94 trillion until July 22, 2024. For the West Java region, the distribution of Ultra Micro (UMi) financing involves 15 distributors, namely PNM, Pegadaian, BAV, KSPPS Artha Bahana Syariah, Al Manar Sejahtera Bersama Consumer Cooperative, KSP Kopdit Pelangi Kasih, KSPPS BMT Ibaadurrahman, PT Reliance Indonesia Financing Business (REFI), KSPPS Abdi Kerta Raharja, KSPPS BMT Bina Auladi Mandiri, KSPPS BMT Nusa Ummat Sejahtera, BMT Niaga Utama, Baitul Mandiri Savings and Loan Cooperative, KSPPS Benteng Mikro Indonesia, and Mitra Dhuafa Cooperative. “There are a total of 2.21 million debtors with financing distribution reaching Rp8.35 trillion in West Java,” Ismed told reporters in Bandung, Thursday (25/7/2024). PIP distributes financing to both group and individual customers whose business scale is still very small by involving 87 non-bank financial institutions (LKBB) and reaching 510 districts and cities in Indonesia. The most distribution was channeled in Java with a nominal value of Rp24.66 trillion to 6.71 million debtors, followed by Sumatra with a total distribution of Rp9.8 trillion to 2.3 million debtors. The Sulawesi region reached Rp2.67 trillion with 672,417 debtors, while Bali and Nusa Tenggara reached Rp2.26 trillion with a total of 584,517 debtors. Next is the Kalimantan region with a total distribution of Rp895 billion with 225,075 debtors. Then the Maluku and Papua regions reached 158.7 billion with 36,886 debtors. Ismed said that the financing channeled to ultra-micro business actors has good quality, indicated by the low non-performing loan (NPL) figure. “In principle, besides channeling financing, we also empower ultra-micro businesses through training, incubation, promotion and empowerment,” he said. Ismed explained that business empowerment is carried out through training ranging from business techniques, financial bookkeeping, product branding, to online marketing. For incubation, PIP provides assistance on aspects of legality fulfillment, product quality improvement, production capacity, financial management and product marketing. Not only credit, PIP also provides coaching and mentoring services for debtors through management training to product marketing support. “This policy is to ensure that the loans provided are appropriate and provide benefits to lift the UMi debtor class for the better,” he said. Meanwhile, Z&T Craft Owner Euis Hermawati said that her party received a loan from PIP of Rp20 as well. Currently he has a net monthly income of up to IDR 18 million. “God willing, Z&T craft also has a plan with PIP and UMI in September we will promote to Paris,” she said. Meanwhile, as a form of assistance, PIP carried out the Kick Off of the 2024 Assistance Training of Trainers Program in 10 districts / cities in Indonesia in collaboration with the Faculty of Agricultural Industrial Technology, Padjadjaran University (Unpad). “This program aims to uniform the standard of training materials, improve the competence of assistants, and encourage the quality of products and businesses of UMi actors,” said Ismed. The ToT Pendamping program has been successfully piloted in 2022-2023 in 20 districts / cities, having a positive impact on more than 900 UMi business actors in terms of legality and online marketing. The Project Based Learning (PBL) method applied by the Padjadjaran University Business Incubator has proven effective in improving the competence of assistants in various aspects, including human resources, product quality, legality, and marketing. “The success of the ToT program encourages us to expand its reach. We believe, by collaborating with various universities and incubator institutions, this program can stimulate innovation and reach more UMi business actors,” he explained. The ToT Pendamping program will be implemented in two stages. The first phase focuses on training mentors in 10 districts/cities spread across Indonesia. Eight leading universities and incubator institutions will be involved in this training, including Padjajaran University, Payakumbuh State Agricultural Polytechnic, Brawijaya University, Sam Ratulangi University, Syah Kuala University, Hindu University of Indonesia, Sebelas Maret State University, and Sepuluh Nopember Institute of Technology. The second phase will involve the establishment of the “Kedai UMi” community. This community is expected to be a forum for UMi business actors to collaborate with each other, share knowledge, and improve product quality and marketing. The ToT Pendamping program is projected to last for five months, with a target of training 55 assistants and implementation to 110 UMi business actors. “PIP hopes that this program can make a significant contribution to the empowerment and development of UMi businesses in Indonesia,” he concluded. SOURCE
Jul, 26 2024
Acting West Java Governor Bey Machmudin appreciated the livestock contest held in West Bandung Regency. The event managed to attract many visitors. Met after the event, Bey emphasized the importance of events like this as proof that West Java is able to achieve food self-sufficiency. Especially in the production of beef, mutton, chicken, eggs, milk, and other processed products. “I appreciate the West Bandung Regent who has prepared this event very well, which was attended by many visitors.” “This contest shows that we are actually capable of food self-sufficiency,” said Bey Machmudin after the West Java Provincial Livestock Contest and Food Expo 2024 at The Landen, Lembang, West Bandung Regency, Thursday, July 25, 2024. Attending the event was Deputy for Food and Agribusiness Coordination of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia Dida Gardera. Bey added, with good management, West Java could achieve food self-sufficiency not only in animal products, but also in other commodities such as rice. “In the future we can be even better at managing these resources, including rice and others,” he said. He also said that increasing food self-sufficiency will have a positive impact on improving people's nutrition and reducing stunting rates. “People's nutrition will be better and stunting will definitely be reduced,” he said. The livestock contest event, said Bey, also showed the economic turnover in the community, especially for livestock that won the contest to get a high price. “The high price (of livestock) for the winner of the contest is good for the community because there is an economic turnover,” he explained. Deputy for Food and Agribusiness Coordination at the Coordinating Ministry for Economic Affairs Dida Gardera stated that West Java is one of the best examples in developing the livestock sector. “Very good, so this can be an example. Earlier it was conveyed that for the agricultural sector, including livestock, West Java is among the highest in economic growth,” said Dida. He is also confident that, under Bey Machmudin's leadership, West Java will be more developed and advanced, as well as soon achieve food self-sufficiency and be able to supply other regions. “I am sure it will not take too long to achieve food self-sufficiency and also be able to supply other regions. I have high hopes that West Java can become a locomotive for other regions,” concluded Dida. SOURCE
Jul, 26 2024
The State Electricity Company (PLN) is targeting the giant Upper Cisokan Hydroelectric Power Plant (PLTA) project in West Java to be commercially operational by 2028. The execution of this project has recently been delayed even though PLN has secured loans from the Bank for Reconstruction and Development (IBRD) and the Asian Infrastructure Investment Bank (AIIB) in 2022. The reason is that the international creditor loans are hampered by the domestic component level (TKDN) clause mandated by the Ministry of Industry. “Currently, PLN continues to coordinate with the Coordinating Ministry for Maritime Affairs and Investment, the Ministry of Energy and Mineral Resources, and the Ministry of Industry to resolve issues related to TKDN,” said Executive Vice President of Corporate Communications and TJSL Gregorius Adi Trianto when confirmed by Bisnis, Wednesday (24/7/2024). Greg said the project with an investment value of US$850 million has entered the procurement stage. He targets the project to be operational in 2028. On the other hand, he said, his company is also coordinating with relevant ministries and institutions to resolve TKDN issues in a number of new renewable energy (EBT) projects that use foreign grant loans (PHLN). “The Upper Cisokan PS project uses loan funds from the Asian Infrastructure Investment Bank (AIIB) and also the World Bank,” he said. This water-based power plant will have a power capacity of 4 X 260 megawatts (MW), located on the border of West Bandung and Cianjur regencies, West Java. The project has received a loan facility from IBRD, which is part of the World Bank Group with total funding of US$380 million. In addition, there is also US$230 million funding from AIIB in the form of co-financing with the World Bank with a similar scheme. PLN received an interest rate with a long tenor of 24.5 years. The Cisokan hydropower plant was built using Roller Compacted Concrete (RCC) where the upper and lower dams utilize the water resources of the Cisokan River, which is a tributary of the Citarum River. PLN will first build a dam from upstream to downstream as well as 27 kilometers of electrical infrastructure along the river. Through pumped storage technology, when the electricity load is at peak, this hydropower plant can flow the water discharge system so that it can rotate the turbine and provide additional electricity supply. Meanwhile, when the Java Bali electricity load is down, this hydropower plant can immediately restore water discharge through the tunnel. As previously reported, the Ministry of Energy and Mineral Resources (ESDM) is convincing a number of multilateral lenders to channel loans to new and renewable energy (EBT) projects in Indonesia. Funding commitments from international lenders have recently stalled due to the issue of clauses to fulfill TKDN provisions. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources Eniya Listiani Dewi said that she had convinced a number of lenders about the current changes in domestic TKDN regulations. “We have announced yes, meaning sharing with various investment funding lenders that there are improvements in the regulations,” Eniya said when confirmed, Thursday (07/18/2024). Meanwhile, the regulatory improvement is related to the government's decision to separate the TKDN of EBT projects which will be regulated by the Ministry of Energy and Mineral Resources from the TKDN of components or goods which are under the authority of the Ministry of Industry. Eniya said that the regulation at the level of ministerial regulation (Permen) of ESDM which regulates the TKDN of EBT projects has been harmonized recently. The Ministry of Energy and Mineral Resources revealed that there are 14 EBT power plant projects that are constrained by funding due to the polemic over the clause of fulfilling the TKDN provisions. 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. The ten projects that have stalled in negotiations include the Bakaru 1 hydropower plant (126 MW), Bakaru 2 hydropower plant (140 MW), Kalibumi Minihydro Power Plant (6.35 MW), Lapai 1 hydropower plant (5.31 MW), Riorita hydropower plant (2.5 MW), Dieng 2 hydropower plant (55 MW), Patuha 2 hydropower plant (55 MW), and Masang 2 hydropower plant (44 MW). SOURCE
Jul, 25 2024
KORAN GALA - KoinWorks organized Money Diary Talks (MDT), which raised the theme of strategies to build a strong investment portfolio, aimed at entrepreneurs in Bandung who want sustainable asset growth. The first MDT in Bandung involved Anggia Bonyta, a content creator who is also the owner of Imah Babaturan stall, Stewart Sim, Head of Wealth Management from KoinWorks. “Starting an investment is easy, but what makes it a challenge is when there is a need to change our lifestyle. Usually, we claim there are no funds that can be set aside for investment; even though there are, if only the lifestyle is adjusted to the needs,” said Stewart. Stewart added that KoinWorks encourages business owners to invest as part of their financial planning, as it can help optimize the profit earned from idle funds. In the future, these funds can be used for business expansion, dealing with emergencies, or other financial goals. “I agree. Before I started setting aside funds for investment, for emergency funds, for children's education, and others, I often put more importance on funds for vacations or to buy shoes,” said Anggia. “But it had to be forced. Now my life is calmer, even though my income is not fixed; either from the business of Imah Babaturan's warung, or my own business as a content creator,” she continued. For those who are still getting acquainted with investing, Stewart explains, “Evaluating financial risk should always be a priority in any investment decision, alongside profitable returns. Understanding this is important to ensure the sustainability and growth of the investment.” One of the low-risk investment instruments that can be considered is deposit products. KoinWorks Bank has deposit products that can be accessed through the KoinWorks application or through the KoinWorks consultation team. “Deposits currently offer 6.75% p.a. interest guaranteed by LPS, so businesses can optimize their excess liquidity while still securing funds and achieving stable returns,” he concluded. *** SOURCE
Jul, 25 2024
Purwakarta is one of the leading areas in the field of industrial investment in West Java. This was said by the Acting Governor of West Java, Bey Machmudin, when attending the Plenary Meeting for the 193rd Anniversary of Purwakarta City and the 56th Anniversary of Purwakarta Regency in the Plenary Room of the Purwakarta Regency DPRD Building, Saturday (20/7). In the momentum of Purwakarta's anniversary, Bey said, the West Java Provincial Government will seriously support Purwakarta by building various infrastructure including educational facilities. "The West Java Provincial Government will continue to be committed to the progress of Purwakarta. Such as the development of educational infrastructure," said Bey, reported by RMOLJabar, Sunday (21/7). The theme for Purwakarta Regency's anniversary is "Steps to Build Karsa" which means that every step taken has a noble spirit of change to produce works for the progress of the nation and state. Bey added, Purwakarta has presented impressive progress. "Many proud achievements have been achieved, this progress shows that Purwakarta is able to compete and continue to progress," he said. Meanwhile, the Acting Regent of Purwakarta, Benni Irwan, hopes that this will be a moment for reflection to appreciate the services of heroes in the past by providing benefits to society today. "The commemoration of the anniversary is a momentum for all of us as a very valuable past, as a reference for the future, the present because every achievement today is the hard work of the past. So as a form of gratitude we must all be determined to keep working and provide the best for society," said Benni. Benni also appreciated all parties who had worked together to develop Purwakarta with the aim of providing benefits to the community. SOURCE
Jul, 25 2024
Receiving an investment realization target from BKPM/Ministry of Investment of up to IDR 250 trillion in 2024, the West Java Investment and One-Stop Integrated Services Service (DPMPTSP) continues to strengthen investment services. Head of the West Java DPMPTSP, Nining Yuliastiani, said that his party continues to provide assistance and facilitation in debottlenecking of licensing service issues and ease of investing in West Java. "We are facilitating the handling of investment realization problems through several steps," he said in Bandung, Thursday (18/7/2024). First, through the Windu (West Java Investor Development Upgrade) service, which facilitates business actors through mentoring and coaching activities with various themes related to the problems faced by business actors. "Secondly, there is a push or movement to encourage investment realization. This is our effort to facilitate business actors through assistance with LKPM reporting," he said. Third, steps to accelerate the handling of investment realization problems by optimizing Problem Resolution and Accelerating Business Licensing and then facilitating strategic project assistance through optimizing the IRO (Investment Relations Officer). Nining also ensured that his party regularly held forums that brought together various stakeholders together with investors. Nining Yuliastiani ensured that his party was committed to continuing to encourage the acceleration of investment realization in West Java and providing licensing services to all business actors. "We realize that this investment is capable of creating a very large multiplier effect which can improve community welfare in the future and of course requires very high commitment from the leadership and support from relevant stakeholders," he said. Investment realization in West Java in the first quarter of 2024 or the January-March 2024 period experienced an increase, both from foreign investment (PMA) and domestic investment (PMDN). Based on the Investment Activity Report (LKPM) up to the first quarter of 2024, which was realized by investors in 27 districts/cities, the investment amount reached IDR 64.65 trillion. SOURCE
Jul, 25 2024
Minister of Transportation Budi Karya Sumadi invites businesses to participate, invest, and conduct business activities at Patimban Port. This is a form of the government's success in attracting investors as well as development in Subang Regency. “The success of development policies carried out by the Indonesian Government cannot be achieved without the role, contribution, support and collaboration of economic actors, businesses and producers in the vicinity,” said Budi Karya in his online presentation on Wednesday, July 24, 2024. He hopes that Patimban Port can increase business potential at the port and the region, especially West Java and its surroundings. “With the development of Patimban Port, sea transportation and logistics services can be easier, more efficient, and improve the economy in the West Java and National regions,” Budi Karya continued. It is known that the Ministry of Transportation together with PT Pelabuhan Patimban Internasional (PPI) and PT Patimban International Car Terminal (PICT), continues to develop Patimban Port. This is to provide sea transportation facilities, as well as a business outlet for businesses, especially in West Java. Patimban Port was built and developed in several stages, namely phase I-1 (2018-2021), phase I-2 (2022-2025), and will be continued in phase II and phase III. The government is also building the Patimban Port ecosystem by developing a backup area to support the smooth running of port activities. The backup area is also offered to investors to accelerate the construction of the backup area. For the purpose of the backup area, the Ministry of Transportation has acquired ± 350 Ha of land. In addition to supporting the main port activities and loading and unloading activities, the area can also be used for the development of new industrial areas that can streamline logistics costs. Patimban Port currently has various operational facilities, including automation gates at the international terminal, receiving areas at domestic and international terminals, complete facilities in the inspection area, pre yard, storage yard, security CCTV at 20 points, to lighting in the storage area and dock. The port is also equipped with CIQP (Customs Immigration Quarantine Procedure) to support export and import activities. Ship services at this port are carried out online through Inaportnet. Patimban Port, which has been completed in Phase I-1, has now been operated since 2020 through temporary operations and in 2021 it will be fully operated with port management / operator, namely the Port Business Entity PT PPI. In 2021 the Vehicle Terminal with a capacity of 218,000 cbu / year has served operations with a total load of 31,856 CBU / year or 15 percent of capacity. Then in 2022 the total load rose to 198,064 CBU / year or 91.1 percent of capacity, and in 2023 the total load was 224,935 CBU or 103.18 percent of capacity. In June 2024 the total load has reached 90,659 CBU or 41.59 percent of capacity. SOURCE
Jul, 25 2024
SUMEDANG BAGUS - Acting West Java Governor Bey Machmudin revealed the potential of the West Java International Airport (BIJB) Kertajati in the future to be developed into a special Hajj and Umrah airport. This cannot be separated from the success of BIJB Kertajati in becoming a Hajj embarkation that has served 30 flight groups with approximately 13,000 pilgrims in 2024. “The next plan, there are several investors who are interested in developing it into an airport for Hajj (and Umrah), we will update later,” said Bey Machmudin after a Leadership Meeting at Gedung Sate Bandung, on Wednesday, July 24, 2024. Bey found statistical figures that there is a potential for around 70,000 Hajj and Umrah pilgrims from West Java and Central Java to depart from BIJB Kertajati. “Earlier information from Mr. Asda 1 next year there are 70,000 pilgrims who (want to) go to Kertajati, (while) from the western part of Central Java has entered here. This means that next year (the number of passengers) will increase,” Bey said. However, until the 2025 Hajj season arrives, the West Java Provincial Government must continue to look for ways to make BIJB Kertajati get as many passengers as possible. “But, our challenge from today until next year is that we must be able to survive or add flights from Kertajati,” said Bey. Bey also revealed that the use of the Hajj dormitory in Indramayu for all pilgrims will still be coordinated again. This is because there is still one tower that is not yet operational. “We will coordinate later because there is one tower that is not yet (operational),” Bey said. SOURCE
Jul, 25 2024
NATIONAL INFO - Sukabumi District Government received the Top 5 Investment Challenge 2024 award from the Governor of West Java, on Friday, June 28, 2024. The award was given at the West Java Industrial Meeting (WJIM) event at the Trans Studio Convention Center Bandung by the Deputy Head of Bank Indonesia Representative of West Java Province and the Head of DPMPTSP of West Java Province, The award was received by the Head of DPMPTSP of Sukabumi District representing the Regent of Sukabumi. Also present at the event were representatives of Bappelitbangda and Perumda Agro Sukabumi Mandiri. Investment Challenge 2024 is a competition activity participated by Regency / City throughout West Java through the assessment of Investment Proposals in accordance with the potential of the region. Investment Challenge 2024 as a strategic activity is the inaugural program organized by the West Java Province Investment and One-Stop Integrated Service (DPMPTSP) Office in collaboration with Bank Indonesia West Java Provincial Representative Office. Sukabumi District contributed to the Investment Challenge 2024 by proposing a proposal entitled “Development of Modern Rice Processing Industry”. This proposal was prepared by a team consisting of Perumda Agro Sukabumi Mandiri, Bappelitbangda and DPMPTSP, and supported by the Agriculture Office, DPTR and Food Security Office. This proposal is proposed under the Business to Business (B2B) scheme. If this proposal receives investment support, Perumda Agro Sukabumi Mandiri can manage a modern Rice Milling Unit (RMU) in Jampangkulon to produce premium quality rice from unhulled rice from farmers/farmer groups in Sukabumi District, so that the rice from Sukabumi District can be processed by itself. The Top 5 Investment Challenge went through a long process starting from the feasibility of the proposal, the preliminary round in the form of an evaluation of the feasibility of the investment offered, the Top 10 in the form of an RMU business feasibility analysis and finally the Top 5 in the form of a presentation of its investment proposal in front of potential domestic and foreign investors at the West Java Investment Roadshow (WJIR) event on June 20, 2024 at the Kempinski Hotel Jakarta. The Top 5 Investment award means that Perumda Agro Sukabumi Mandiri is an Investment Worthy Perumda. Furthermore, the Top 5 Investment Challenge will also be included in the West Java Investment Summit (WJIS) in October. SOURCE
Jul, 24 2024
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