The Association of Regional Guarantee Companies (Aspenda) strengthens business cooperation with PT MNC Asset Management. It is also one of the steps to optimize investment fund management. Including the management of Guarantee Service Fees (IJP). Aspenda Chairman Agus Subrata explained, MNC Asset Management is a company that is quite skilled in fund management and investment. The investment management instrument is very much needed for guarantee companies. That experience and expertise is what underlies Aspenda to be able to establish a partnership with MNC Asset. "From the cooperation, we get a lot of direction or input in terms of fund management instruments. That is the field of MNC Asset Management. So we are quite helped," he explained, Thursday (1/8). The man who is also Plt. The President Director of Jamkrida Jabar continued, Jamkrida or companies under Aspenda are indeed companies engaged in guaranteeing. Companies in Aspenda manage public funds, especially from the Guarantee Service Fee (IJP). Therefore, Aspenda needs a strategy so that fund management can be efficient and effective. Input from MNC Asset Management is certainly needed. "We also manage public funds, especially from IJP income in terms of guarantee services. Each company is quite large so we must manage these funds as efficiently and effectively as possible to make income for the company," he continued. It was recorded that the IJP of Jamkrida throughout Indonesia in 2023 was recorded at Rp 1.48 trillion. That figure increased when compared to 2022 which was at Rp 855 billion. As for West Java, the IJP of Jamkrida Jabar in 2023 was recorded at Rp 250 billion. With guaranteed MSMEs at 1.2 million. The number of MSMEs is only in West Java, not in other regions throughout Indonesia. If calculated with other Jamkrida throughout Indonesia, of course the amount is quite large. The Financial Services Authority (OJK) itself reported that the number of MSMEs in Indonesia reached 64 million. MSMEs are also the driving force of a region's economy. SOURCE
Aug, 07 2024
BANDUNG - The West Java Provincial Government continues to rush to realize the groundbreaking of TPPAS Legoknangka, Bandung Regency. After the cooperation agreement with PT Jabar Enviromental Solutions (JES) in the management of TPPAS Regional Legoknangka last May, the Provincial Government together with the Coordinating Ministry for Maritime Affairs and Investment began discussing technical steps. Pj Jabar Governor Bey Machmudin said there will be a meeting with Coordinating Minister for Marvest Luhut Binsar Pandjaitan regarding Legoknangka. "It will be discussed, tomorrow [Saturday] Mr. Luhut is here. I will discuss how," he said at Gedung Sate, Bandung, Tuesday (6/8/2024). This meeting also dismissed the news that President Jokowi would carry out Legoknangka groundbreaking in the near future. According to him, the construction of Legoknangka must be mature so that after the groundbreaking it does not stall. "Because groundbreaking according to our understanding, there is already direct development. Don't let the construction stop just because there is a president that day," he said. "So we discussed it with Mr. Luhut first, Saturday we will come here," he said. Previously, Bey Machmudin said the provincial government as the Person in Charge of the Cooperation Project (PJPK) was committed to managing regional waste in the Bandung Basin by accelerating the operation of the Legoknangka Regional TPPAS. The signing of the agreement with PT JES marks an important milestone in that commitment. Under the agreement, PT JES is obliged to maintain a debt-to-equity ratio of at least 80:20. The agreement also stipulates a concession period of 20 years as of the Commercial Operation Date (COD), which is expected to begin in February 2029. Included in the signed cooperation, the fulfillment of transaction documents in December 2024 and commissioning tests scheduled for August 2028. The agreement with PT JES will be complemented by a commitment with PT Penjaminan Infrastruktur Indonesia. "The Legoknangka Regional TPPAS project is proof of our commitment to a greener and cleaner West Java. This collaboration will pave the way for advanced waste management and sustainable development in Greater Bandung," he said. The Legoknangka Regional TPPAS will be built on 20 hectares of land in Nagreg District, Bandung Regency. TPPAS Legoknangka will accommodate waste in Greater Bandung, namely Bandung City, Bandung Regency, West Bandung Regency, Cimahi City, plus Sumedang Regency. TPPAS Regional Legoknangka is designed to process waste utilizing advanced technology to be converted into electrical energy. TPPAS Regional Legoknangka will focus on waste acceptance ratios, environmental preservation targets, and efficient waste processing cycles. The Legoknangka Regional TPPAS is expected to significantly reduce the environmental impact of waste in the Bandung Basin while providing reliable electrical energy. However, reduction efforts at the household level still need to be carried out by the community with support from district and city governments. The population of the Greater Bandung metropolitan area continues to increase and is directly proportional to the increase in waste volume. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan hopes that the infrastructure work of the Legoknangka Regional TPPAS project can be accelerated while still observing good results so that it can have a positive impact on the environment. "I hope the completion of the infrastructure can run smoothly with good results because it is very important (indirectly) for the cleanliness of the Citarum River water," he said. SOURCE
Aug, 07 2024
JAKARTA - The government released a new regulation regarding the provisions of the level of domestic components (TKDN) in electricity projects. This new regulation is said to facilitate investment in the development of new renewable energy (EBT). The latest TKDN regulation is contained in Ministerial Regulation (Permen) ESDM No.11 of 2024 concerning the Use of Domestic Products for Electricity Infrastructure Development. Director General of New Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM) Eniya Listiani Dewi said that in the regulation, EBT projects funded by foreign grants or foreign loans are no longer required to include TKDN in tender documents. "What is important in this regulation is that foreign grants are not required to include TKDN in bidding documents," Eniya told Bisnis, Tuesday (6/8/2024). So far, the obligation to include TKDN is said to have hampered the funding of a number of EBT power plant projects. Based on Bisnis records, there are at least 14 EBT power plant projects that are constrained. Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion. The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW). Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN. Meanwhile, the obligation to include TKDN was previously regulated in Minister of Industry Regulation (Permenperin) Number 54 of 2012 concerning Guidelines for the Use of Domestic Products for Electricity Infrastructure Development. Simultaneously with the issuance of Permen ESDM No.11 of 2024, the Ministry of Industry issued Minister of Industry Regulation (Permenperin) No. 33 of 2024 which revoked Permenperin No. 54 of 2012. "The issue of constraints for PLTP and PLTA is in international funding, which previously according to Permenperin No. 54 must include TKDN in the bidding document. Now it has been revoked," Eniya explained. Not only grant projects or foreign investments, according to Eniya, Permen of ESDM No.11 of 2024 also makes it easy to fulfill TKDN for investment in other EBT projects. "Even if it is not a grant or foreign investment, it is easier to implement because the threshold is easier to achieve," he said. Meanwhile, the threshold for EBT project TKDN will be regulated in a derivative regulation in the form of a Decree of the Minister of Energy and Mineral Resources which will be stipulated in the next few days. "The TKDN of industrial product components remains in accordance with the revised Permenperin. However, the TKDN of combined EBT project goods and services has been calculated and this greatly facilitates investment," said Eniya. SOURCE
Aug, 07 2024
The West Java economy in Quarter ll/2024 grew positively by 4.95 percent (yoy). This figure increased from the first quarter of 2024 which grew by 4.93 percent (yoy). This trend was inseparable from high domestic demand, increased investment, and maintained exports. From the demand side, the main support for West Java's economic performance was household consumption which grew to 5.02 percent (yoy) in line with the momentum of HBKN Idulfitri, Iduladha, and public holiday activities. "Gross Fixed Capital Formation (PMTB) grew 6.13 percent (yoy) in line with the realization of West Java's investment which again ranked first nationally with a value of Rp 63.7 trillion or an increase of 18.8 percent (yoy) in the quarter under review," explained the Head of the West Java Representative Office of Bank Indonesia, M Nur in his statement, Tuesday, August 6, 2024. Meanwhile, in terms of exports, West Java managed to grow positively by 10.72 percent (yoy) in line with customs data showing that foreign export performance increased by 1.61 percent (yoy) in the first quarter of 2024. In terms of business fields, West Java's economic growth was contributed by the processing industry which grew positively by 2.81 percent (yoy). "The maintenance of this positive performance was also confirmed by the growth rate of SKDU Industry which grew to 10.79 percent. The warehousing transportation sector grew by 14.1 percent (yoy), followed by the trade sector which grew by 4.53 percent (yoy)," he explained. The growth of the two sectors was also in line with the expenditure side where there was an increase in community activity during the HBKN and holiday periods. SOURCE
Aug, 07 2024
SOUTH CIKARANG - The Bekasi Regency Government continues to take strategic steps to encourage an increase in Regional Original Revenue (PAD) from the tax and levy sector. This time, the Bekasi Regency Government again held a Regional Tax socialization for business people in the Hyundai Cikarang Industrial Estate, located at the Harper Cikarang Hotel, on Monday (05/08/2024). In front of dozens of tenants in the industrial area, Pj Regent of Bekasi Dani Ramdan directly gave a presentation regarding the importance of company contributions in tax revenue. Tax is one of the sources of PAD for development and welfare in the Bekasi Regency area. "Because there are several things that we need to optimize and I see that Bapenda has tried door to door socializing, inviting but not all companies want to attend. I tried this time to socialize directly, hopefully the level of awareness and compliance from taxes and levies will also increase," he said. Dani Ramdan explained, the increase in regional tax revenue, of course, has a reciprocal effect on local government efforts and programs in equitable development. Especially infrastructure that supports the running of business activities and the wheels of the economy not only for the community, but also business people in the industrial area. "Because all taxes collected, collected by the local government will return to the community, including the business world in the form of infrastructure development, in the form of administrative services, licensing, regulation and also health education services. And it will all create a conducive business climate," he explained. Furthermore, Dani Ramdan emphasized that the Bekasi Regency Government is committed to presenting Bekasi Regency as a prime investment destination in West Java and Indonesia. He also invited all companies that attended the socialization to continue to be committed to supporting regional development through their tax contributions. For those who have not, because they have indeed carried out several provisions, they can be open, can be encouraged to carry out their tax and retribution obligations. "And also of course not only that. There are so many contributions of the company outside of taxes, there is absorption of employment, absorption of local products and so on," he said. Head of the Bekasi Regency Regional Revenue Agency (Bapenda), Ani Gustini added, based on the results of the evaluation, it turns out that other potentials that can currently be optimized to increase regional income are catering taxes. Because based on taxpayer data, the percentage of registered caterers, with the number of companies in Bekasi Regency. The numbers are still fairly far away. A total of 349 caterers have been registered from around 7000 companies in Bekasi Regency. "Our hope is of course all of them, but at this time it is still gradual, maybe the target is around 1000 first. Because apart from catering, we are also optimizing regional revenue from the motor vehicle tax sector," he concluded. SOURCE
Aug, 06 2024
Bandung (ANTARA) - The Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) launched the GeoRIMA (Geological Resources of Indonesia Multiplatform Application) application as a new breakthrough for investment in the mining sector. Head of the Geological Agency of the Ministry of Energy and Mineral Resources Muhammad Wafid said that the application can provide information on the availability of mineral, coal, geothermal potential throughout Indonesia which aims to provide easy information for investors. "GeoRIMA is a breakthrough from us as public servants. This application will facilitate investors to mineral, coal and geothermal business actors summarized in the GeoRIMA application," Wafid said in Bandung on Monday. Wafid said the GeoRIMA application is expected to be a useful tool for the general public and investors in exploring and utilizing Indonesia's geological resources more effectively. "By being able to see freely on Android related to the ease with which information can be taken. Then if he is interested in where the potential is, oh I want to invest, it can be seen from there, it can be continued later to other processes," he said. He said the application offers various excellent features, including an interactive map showing the location of potential mineral, coal and geothermal resources. The public can also access geological data, exploration reports, and other technical information needed to make the right investment decisions through the georima.esdm.go.id page. "The ease of capturing data and information, information data is the beginning of investment. Without information on potential and so on, I am sure investors will not be interested," he said. Furthermore, Wafid revealed that the presence of the GeoRIMA application itself is in line with the duties and functions of the Geological Agency in organizing research, investigation, and services in the field of geological resources to geological disaster mitigation. "Mineral resources are one of Indonesia's strategic commodities. Its relatively significant and varied potential makes mineral resources in Indonesia have an important role in answering global issues," he said. SOURCE
Aug, 05 2024
VIEWJABAR.COM - As the capital of West Java Province, Bandung City has its own attraction for investors to invest. In addition to providing economic benefits, investors also contribute to regional development. The existence of a harmonious blend of modernity and tradition, making Bandung one of the main investment destinations in Indonesia. With its various potentials, Bandung has become one of the main destinations for investors in seeking opportunities. Here are 10 potential sectors for investment in Bandung City: 1. Trade Sector: This sector continues to grow in Bandung City which is also known as a shopping paradise for tourists. 2. Tourism and MICE Sector: The city of Bandung has a variety of tourist and exhibition facilities or objects, becoming a major destination for economic tourism in Indonesia. 3. Services Sector: The services sector is supported by the productive and innovative character of the citizens of Bandung City, thus encouraging significant economic growth. 4. Transportation Sector: As a city of tourism and education, Bandung has high mobility with various transportation branches that reach the entire city. 5. Telecommunication and Technology Sector: Bandung is also known as the birthplace of Indonesia's leading technology and gaming startups. 6. Arts and Culture: The people of Bandung have always maintained the traditional culture that developed in the community, making it a center for modern art and culture. 7. Manufacturing Sector: Bandung is home to a variety of manufacturing industries, ranging from food, printing, textiles to national strategic industries. 8. Infrastructure and Housing: Infrastructure development and housing provision support economic growth in Bandung City. 9. Food and Beverages: Bandung is known as a culinary paradise with delicious food that can be found anywhere. 10. Fashion: Bandung is known as one of the fashion and craft centers, not only in Indonesia but also in Southeast Asia. not only in Indonesia but also in Southeast Asia. With unlimited potential, Bandung offers many opportunities for investors to participate in economic development and growth. Thus 10 potential sectors to invest in Bandung City, hopefully useful. SOURCE
Aug, 05 2024
The Ministry of Cooperatives and SMEs encourages the expansion of access to capital for producer cooperatives, including the Gunung Luhur Berkah (GLB) Producer Cooperative in Subang, West Java, which manages the coffee business. Secretary of the Ministry of Cooperatives and SMEs, Arif Rahman, during a visit to GLB Producer Cooperative in Cisalak Village, Subang Regency, West Java, Sunday (4/8/2024), said that producer cooperatives are very important to get expanded access to capital in order to increase their business scale. Moreover, cooperatives that manage coffee commodities, Arif said, have tremendous potential to continue to be developed because they have guaranteed market certainty at home and abroad. Therefore, partnering with GLB Producer Cooperatives is a symbiotic mutualism. GLB Producer Cooperative is a national primary cooperative that focuses on Arabica and Robusta coffee cultivation, which has successfully exported coffee directly to several countries (without intermediaries) such as Saudi Arabia, Egypt, Lebanon and the United States. The cooperative was established in 2016 and has around 800 members with a total of 1200 hectares of coffee land and 300 hectares of rice fields. Unfortunately, the cooperative has experienced capital constraints. "This is a very potential cooperative, which even has a warehouse managed by warehouse receipt, but there are obstacles to capital even though the market demand is large," Arif said in his official statement, Sunday (4/8/2024). Arif explained that the GLB Producer Cooperative currently not only manages its own plantations from its members but also as an aggregator in plantations in West Java which have an area of around 200 hectares. "In the future, we will add another 50 hectares, so today we invite investors to be involved in building partnerships with the GLB Producer Cooperative," Arif said. Arif said that everyone has the opportunity to partner with the GLB Producer Cooperative. "Everyone can be an investor," he said. On the same occasion, Chairman of the Dharma Bhakti Astra Foundation (YDBA), Rahmat Samulo welcomed the initiative of the Ministry of Cooperatives and SMEs (KemenKopUKM). "I personally see this as very prospective for investment and also empowering the community here to be more advanced because the commodities exist, the market also exists," Rahmat said. In the same place, Chairman of the GLB Producer Cooperative Miftahudin Shaf appreciated the various policies and support from KemenKopUKM for the development of cooperatives in running businesses, especially for the Gunung Luhur Berkah Producer Cooperative. "Alhamdulillah, this is very good for the prospects of our members, especially to overcome our current obstacles related to capital for additional plantations in order to achieve the target of one person (farmer) controlling at least 3 hectares so that it enters the economic scale," said Miftah. The calculation, with an investment of Rp65 million per hectare, includes the cost of seeds, planting, maintenance, and harvesting. "It will produce when it enters the age of 2 years, and in the third year the capital can be returned," said Miftahudin. Entering the third year, said Miftahudin, it will have entered the profit revenue sharing stage of 30:70 for investors. "Every year, the price of coffee always increases, never decreases," said Miftahudin. Moreover, said Miftahudin, the GLB Producer Cooperative already has offtaker partners in Egypt (Alpostan Company), Saudi Arabia (Al-Sahabh Trading Company and Abdul Wahid Trading Co), Lebanon (Arc Build/Ghaleb K Faour), and Indonesia (PT Perusahaan Perdagangan Indonesia, PT Sulotco Jaya Abadi, and Mayora). SOURCE
Aug, 05 2024
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
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