Liputan6.com, Cirebon Efforts to increase investment are still one of the priority programs of the Cirebon Regency Government. The government believes the presence of investors has a positive impact on society. PT Merlion Sejahtera Group is rumored to be investing Rp 129 trillion in Cirebon Regency. This was revealed in a working meeting of Commission II of the Cirebon Regency DPRD. Chairman of Commission II of the Cirebon Regency DPRD Hasan Basori said the investment from PT Merlion Sejahtera Group has great potential to change the economic dynamics of Cirebon Regency. “This investment is expected to improve the local economy, as well as open thousands of jobs for the local community,” said Hasan Basori when leading the agenda of Evaluation of Acceleration and Supervision of Investment for Foreign Investment, Thursday (15/8/2024). Hasan Basori emphasized the importance of this investment for regional economic growth. According to him, PT Merlion Sejahtera Group has great potential to change the economic dynamics in Cirebon Regency. He mentioned, currently the investment growth of Cirebon Regency per the third quarter has only reached 29 percent of the target of Rp 3.2 trillion. “PT Merlion Sejahtera Group has an investment initiative of Rp 129 trillion, meaning that this figure exceeds several thousand percent of the investment target set by the local government,” Hasan said when interviewed by the media, Thursday (15/8/2024). According to him, Cirebon Regency has a strategic position and strong investment carrying capacity on the coastal route. Therefore, the importance of the role of the local government in supporting and overseeing these investments. “We hope that this investment is part of increasing the economic growth of Cirebon Regency, which is currently relatively below the economic growth of West Java,” he said. He hopes that the investment value of Rp 129 trillion can absorb a lot of local labor. This, he said, is in accordance with the Regional Regulation (Perda) which prioritizes local wisdom policies. “As a macroeconomic analogy, per one trillion, the estimated target is 1,500 to 2,000 workers can be absorbed. If it is Rp 129 trillion within 10 years, every year the growth is one trillion, then the workforce can be absorbed from the local workforce,” he explained. It is known, PT Merlion Sejahtera Group, which is engaged in the smelter industry. It is also expected to support regional exports, thus encouraging the economic growth of Cirebon Regency at a macro level. Meanwhile, Chairman of the Indonesian Employers Association (Apindo) of Cirebon Regency, Asep Soleh said, the foreign company has officially invested in Cirebon Regency with a development plan on 250 hectares of land in Pengarengan Village. This investment is considered to have a positive impact on the regional economy, especially in reducing unemployment and boosting economic growth. According to him, the presence of the foreign company is an important momentum for Cirebon Regency to attract more investors. “Of course, Apindo Cirebon Regency is very happy, thank you to PT Merlion Sejahtera Group for investing heavily in Cirebon Regency.” He also emphasized the importance of support from various parties. Such as the local government and legislature to ensure investment can run smoothly and have a positive impact on society. According to Asep, the presence of PT Merlion Sejahtera Group in Cirebon Regency can be an opening door for other investors who want to invest in this region. “Like the economy, unemployment is reduced, and so on. So, it must be well supported so that then not only Merlion, but other PTs can also be present in Cirebon Regency,” he said. PT Merlion Sejahtera Group's development and operational target in Pengarengan Village is expected in 2025. Currently, the land acquisition process has reached 130 hectares of the total 250 hectares planned. Asep also hopes that local companies can participate in this project to accelerate investment realization. “Merlion can also be assisted by local indigenous companies to accelerate its investment. So this is a very good support system,” he said. SOURCE
Aug, 16 2024
The Banjar City Government, through the Investment and One-Stop Integrated Service Office (DPMPTSP), reported that investment realization for the first semester of 2024 has reached Rp68 billion. Head of DPMPTSP Kota Banjar, Mamat Rahmat, through Dewi Ambarwati from the Investment sector, revealed that the figure is based on data from the Investment Activity Report (LKPM) on the Online Single Submission (OSS) system. “During the first semester, investment realization reached Rp68 billion, which came from labor-intensive and capital-intensive investments mainly in the trade and services sectors,” Dewi explained on Wednesday (14/8/2024). Dewi detailed that of the total investment realization, the first quarter contributed Rp3,931,500,119, while the second quarter reached Rp64,733,833,119, bringing the total to Rp68,655,333,541. This figure is equivalent to 13.73 percent of the Banjar City Regional Development Plan (RPD) target for 2024, which is Rp500 billion. “This achievement has exceeded the West Java Province DPMPTSP target of Rp110 billion, showing a very good achievement,” he added. This investment realization also had a positive impact on employment. In the second quarter of 2023, employment reached 748 people. While in the second semester of 2024 it increased to 989 people, or an increase of 32.22 percent. The sectors that dominate investment in Kota Banjar include trade, repair, wood industry, services, hotels, restaurants, and textiles. This investment involves both domestic investment (PMDN) and foreign investment (PMA), although the contribution of PMA is relatively small. In addition, the number of micro and small businesses registering a Business Identification Number (NIB) has also increased significantly. As of June 2024, there were 6,637 business actors who had obtained NIBs through the OSS system. “Although online LKPM preparation is not required for micro businesses, we still urge them to apply,” said Dewi. Dewi also mentioned that the business sector that received the most NIBs was the cracker, peyek, and similar industries. “This shows that investment and compliance with licensing are growing in Kota Banjar,” she concluded. SOURCE
Aug, 15 2024
CIREBON - The economic movement of Cirebon City after the Covid-19 pandemic continues to develop well. The impact in 2024, the value of investment in the city of Cirebon is considered stable, even tends to increase. Head of the Cirebon City Investment, One-Stop Integrated Service (DPMPTSP) Office, Drs. Sosro Harsono explained, the West Java Provincial Government gave an investment target in Cirebon City of Rp860 billion. “We are grateful, entering the third quarter or until July 2024, investment in Cirebon City has exceeded Rp1 trillion,” he said, Wednesday (14/8/2024), in his office. Sosro revealed, this figure refers to the Business Identification Number (NIB) which is included in the Online Single Submission (OSS) data and the Investment Activity Report (LKPM) of business actors. “The NIB lists the investment value. Then we also routinely receive LKPM from business actors. Their business operations are reported online, so that the local government knows the investment turnover in the city of Cirebon,” he explained. Referring to the recapitulation data, Sosro continued, the current investment value comes from two doors, namely domestic investment (PMDN) totaling 6,207 investors and foreign investment (PMA) totaling 24 investors. “As of July 2024, the PMDN investment round reached Rp641 billion. Meanwhile, the investment round from PMA reached Rp424 billion. So that the total investment reached Rp1 trillion from 6,231 investors,” he explained. Sosro still said, the majority of PMDN are small and medium enterprises (SMEs), while PMA is in the form of business capital that enters the Cirebon City area industry. “I emphasize, the value of investment is not the money that goes to the government or the value of buildings / assets of business actors. But the turnover of business or operational costs of business actors which includes capital and business profits,” he explained. In addition to the investment target, said Sosro, Cirebon City is also targeted by the West Java Provincial Government to be able to realize 9,160 NIB issuances. Until July 2024, 6,207 NIBs have been realized. “There are still five months ahead. We are optimistic that we can realize it. In total, since the launch of OSS-RBA, with a span of August 2021-2024, 17,914 NIBs have been issued,” he said. Sosro also added that in West Java there are only two regions that can issue online licenses for medical personnel, both practice licenses for midwives and doctors. “The two regions are Cirebon City and Cianjur. We can already issue licenses for medical personnel,” he said. (DKIS Cirebon City) SOURCE
Aug, 15 2024
KABAR TASIKMALAYA - The investment business utilizing the capital market is showing a fairly positive trend in society, including among students to Gen Z. Realizing that there are great opportunities in the investment business, especially the capital market, the Investment Gallery of the Faculty of Economics, Siliwangi University (Unsil) continues to encourage students to take the opportunity to invest. So in order to educate and stimulate student interest in investing, the FEB Investment Gallery held a capital market school for around 200 students taking capital market courses at the FEB Unsil Auditorium Building on Wednesday, August 14, 2024. In the Investment Gallery's routine activities, they were provided with materials including stock application guides and Analysis for Investment Plans and initial strategies for maximum results in the capital market. The two materials were discussed quite in depth by two speakers, namely Tine Badriatin, S.Sos., M.Si., M.M (Lecturer FEB Unsil - KKP Tasikmalaya PT. Reliance Sekuritas Indonesia, Tbk) and Errin Nur Rahmayanti (KP BEI West Java). The event was also filled by the Coordinator of the capital market course Wilman San Marino, S.E., M.M who gave introductory material to the capital market. Head of the Banking and Finance Study Program of FEB Hj Noneng Masitoh MM when opening the event was grateful because with this event, students can get to know better about what investment is and how to make good and correct investments. “This activity is very good because it will play a role in encouraging students to have additional skills so that they are better prepared to work after college. Because they can find out the actual implementation and management of the capital market,” said Noneng. This can also encourage the Main Performance Index (IKU). The management of the Indonesia Stock Exchange Investment Gallery (GIBEI) FEB UNSIL - RELI Rd.Lucky Radi Rinandiyana SE, M.S said that investing in the capital market is now an attractive alternative to filling other income niches. Because currently the public is still quite unfamiliar with investing in the capital market line. Because usually most forms of investment are physical in nature such as land or buildings. Meanwhile, the times have progressed, so that investment instruments are now more diverse. “Of course, there is a little concern if students who have their own income, purchasing power and want to invest are confused. Because most students are oriented towards holding companies, organizations or others,” said Lucky. So they often forget not to complete an understanding of financial literacy for themselves. Now Lucky, who is completing his doctoral program at Unpas, said that this should not be forgotten. Regarding the image of the capital market industry that must require large capital, he emphasized that investing in the capital market can start with a capital of Rp 5 thousand. “The cheapest share price, for example, is Rp 50 rupiah. If you buy one lot of one hundred shares, it's only Rp 5,000. So with a capital of Rp 5 thousand, you have become an investor,” he said. Only, he said, don't forget the big risks that always have the potential to get in the way. The profit in the capital market can be obtained from the difference in buying and selling prices. “In addition, there are also benefits in the form of dividends where every company that is active in the capital market, holds an AGM every year to determine the profits given to investors,” he said. Only before deciding to invest, it is important to recognize the product and the risks. “Of course potential investors need to have a strategy when it's time to buy, hold or release. Moreover, behind investment there is a twin brother, namely high risk,” said Lucky, who is also the head of the FEB Unsil management study program. Gibei itself is an organization that is a means of interaction for students of the faculty of economics as a forum for developing students' abilities and abilities about investing in the world of capital markets. GIBEI FEB Unsil has a WPPEP capital market license. SOURCE
Aug, 15 2024
GARUT, INDOMETRO .ID - Deputy Head of Bank Indonesia (BI) Representative of West Java Province, Muslimin Anwar, together with representatives of the West Java Province Investment and One-Stop Integrated Service (DPMPTSP), visited Garut Regency on Tuesday (13/8/2024). This visit was related to the inclusion of Garut Regency in the top five finalists of the West Java Investment Challenge 2024. The group was received by the Acting Head of DPMPTSP of Garut Regency, Budi Gan Gan Gumilar, in the Situ Bagendit tourist area, Banyuresmi District. Situ Bagendit itself is one of Garut Regency's flagship projects offered to investors in the West Java Invesment Challenge 2024. The results of the visit were then discussed at the Public Service Mall (MPP) regarding the follow-up of the West Java Invesment Challange 2024. The discussion was attended by the Regional Secretary of Garut Regency, Nurdin Yana, and several heads of Regional Work Units (SKPD) within the Garut Regency Government. Garut's Commitment to Attract Investors Muslimin Anwar explained that this visit aims to assess the potential of Garut Regency to win an award in the West Java Investment Challenge 2024, directly assess the potential of Situ Bagendit, and evaluate the Garut Regency Government's commitment to the development of the area. According to Muslimin, the readiness and support of the local government are the main keys to attracting investment. The projects offered must be ready, both in terms of infrastructure and the commitment of the local government. "Because the commitment to support the readiness of the district government is one of the key factors for investment to enter the region, and the projects offered can find their partners, in this case related investors," added Muslimin. He assessed the strength of Situ Bagendit, which has a long history and interesting legendary elements, with the number of visitors reaching 180 thousand in 2023. In addition, post-revitalization, the area has been equipped with adequate infrastructure, including an amphitheater, floating mosque, pedestrian and jogging track. "This is one of the strengths that can be continued with investors, because the accessibility has been fulfilled, then the amenities are also already there, we just need to strengthen it, then the attractions need to be increased so that the number of visits will increase," he said. However, Muslimin also emphasized the need to improve facilities, such as handling water hyacinth problems, supporting MSMEs, and expanding parking capacity to accommodate more visitors. Muslimin advised the Garut Regency Government to always continue to synergize with the West Java Provincial Government and Bank Indonesia, where openness and optimism are needed that can be synergized together. "When investors ask for more details about things that are currently on the surface, but surely they will be more detailed, and when that happens hopefully they can be more reluctant, and prepare as detailed information as possible," he said. Collaboration to Increase PAD The Secretary of Garut Regency, Nurdin Yana, expressed his appreciation for the visit of BI and DPMPTSP of West Java Province. He emphasized that although fiscal limitations are a challenge, collaboration with various parties, including investors, is a solution to increase Garut Regency's Original Revenue (PAD). His party, said Nurdin, will immediately fulfill the prerequisites requested by BI and DPMPTSP of West Java Province, so it is hoped that in the near future BI can pair Garut Regency with third parties who can invest in Garut Regency. "Hopefully by being matched with him (Head of the West Java Province BI Representative), there will be one investor entering us, so that it will be valuable, which can provide or boost our PAD in Garut Regency, so that it will provide welfare to the community accumulatively," Nurdin said. Nurdin hopes that through the West Java Investment Challenge 2024, Garut Regency can attract investors who are able to develop tourist areas, such as Situ Bagendit, to have a significant economic impact on the region. Meanwhile, the Head of Bappeda of Garut Regency, Didit Fajar Putradi, added that Garut Regency's participation in this event aims to open up space for investors, both from within and outside the country. He is optimistic that with the support of BI and DPMPTSP of West Java Province, investments that enter Garut Regency will make a major contribution in increasing PAD and community welfare. "The revenue will also increase if it is managed better, if it is managed with more complete facilities, which are more attractive for people to visit more Situ Bagendit," Didit said. Didit revealed that through the West Java Investment Challenge 2024, Garut Regency and its Situ Bagendit were introduced to various layers of domestic and foreign investors. He hopes that after this, other areas in Garut can also attract investors. "It gives us hope that investment will really enter Garut Regency, at this time we (offer) Situ Bagendit, the day after tomorrow we will try others, not just Bagendit," he concluded. SOURCE
Aug, 14 2024
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
Get in touch with us by filling out the form. Whether you expanding your business to West Java or buying goods from West Java, our team is ready to assist you every step of the way.
Online and Offline 
Ind
Eng
