The Cirebon City Investment, One-Stop Integrated Service (DPMPTSP) Office conducted socialization. Related to risk-based business licensing supervision at Zamrud Hotel, Cirebon City, Monday, July 29, 2024. This activity is an implementation of the Job Creation Law (UU) because the results have an effect on all business licensing sectors. Both the center and regions adopt a risk-based approach system (Online Single Submission Risk Based Approach / OSS-RBA). Including Cirebon City, business licensing has used a risk-based approach. In fact, those with low risk only need to register to get a Business Identification Number (NIB). Head of DPMPTSP of Cirebon City, Sosro Harsono said, the socialization aims to increase the understanding of business actors. Thus, adjusting the existing rules and at the same time increasing investment realization in Cirebon City. “This regulation increases business security and increases the amount of capital investment. Thus, regional investment will increase. One of them is by orderly making Investment Activity Reports (LKPM) for business actors,” he said. Sosro Harsono added, business actors who orderly make LKPM will provide great benefits. Because it can slowly realize the vision of Cirebon City to become a trade and service area. “This vision is in accordance with Cirebon City Regional Regulation (Perda) Number 2 of 2024. It is about risk-based business licensing,” said the Head of DPMPTSP of Cirebon City. For your information, the achievement of investment realization until the first quarter of 2024 reached Rp 240,702,727,554. That figure is around 80.23% of the Cirebon City target, which is Rp 300 billion. The achievement of investment realization in Cirebon City has only reached 27.98%. That is when comparing with the West Java Province (Jabar) DPMPTSP target of Rp 860 billion. Then in 2024, targeting 9,190 NIB issuances and 5,492 realized until Quarter II. In total, since the launch of OSS-RBA, there have been 17,274 NIBs issued by DPMPTSP in Cirebon City. “DPMPTSP wants to maximize the implementation of risk-based business licensing supervision. It also creates companies that have a spirit of progress through LKPM (Investment Activity Report),” concluded Sosro Harsono. SOURCE
Jul, 31 2024
Acting West Java Governor Bey Machmudin signed a Memorandum of Understanding between the Governor and the West Java DPRD on the Draft General Budget Policy (KUA) and Draft Temporary Budget Ceiling Priorities (PPAS) for the West Java Provincial Budget Year 2025. The signing was carried out during the West Java DPRD Plenary Meeting at the West Java DPRD Building, Bandung City, Monday (29/7/2024). The memorandum of understanding is the basis for regional apparatus to compile Budget Work Plans (RKA) and is compiled as material for the preparation of financial notes and regional regulations for the 2025 APBD. “Today a memorandum of agreement has been signed, there are several programs that are prioritized for the regional infrastructure sector, namely smooth roads, BRT Bandung Raya, and BIJB Kertajati,” Bey said. In addition, Bey also prioritized a program to repair uninhabitable houses (Rutilahu), handling slums for the Natural Resources Management (PSDA) sector, including food insecurity, farmer regeneration, inflation control, downstream industry, MSMEs, and investment. Based on the results of the discussion, Bey explained that the draft KUA and draft PPAS 2025 targeted regional revenue of Rp29.93 trillion and regional expenditure of Rp29.74 trillion. “Regional financing receipts amounted to Rp424.58 billion and regional financing expenditures of Rp616.81 billion so that the volume of the APBD amounted to Rp30.35 trillion,” he said. Bey appreciated all members of the West Java DPRD, TAPD and Regional Apparatus who had conducted joint studies and discussions so that the determination of revenue and expenditure targets could be allocated realistically. “Hopefully all the development efforts that we have done, are doing, and will do in APBD 2025 can bring benefits to improve the welfare of the community,” concluded Bey. SOURCE
Jul, 31 2024
The country's manufacturing industry is not in good shape. Although the flow of investment in the manufacturing industry is relatively heavy, the trend of layoffs in this sector is also relatively large. Referring to the report of the Ministry of Investment / Investment Coordinating Board (BKPM), manufacturing investment realization grew 24.68% year on year (yoy) to IDR 337 trillion in the first semester of 2024. The manufacturing industry contributed 40.6% of the total national investment realization. However, the wave of layoffs continues to occur in the manufacturing industry, especially in the textile and textile products (TPT) sector, which is a labor-intensive sector. The Confederation of Workers Unions of the Archipelago (KSPN) stated that there were 14,500 textile workers who were laid off from the beginning of the year to July 2024. This number has the potential to increase to 15,000 workers given the planned closure of a textile factory in Bandung, West Java in August. Chairperson of the Indonesian Employers Association (Apindo) Shinta W. Kamdani stated that the potential for layoffs in the manufacturing industry still exists, especially in labor-intensive export-oriented sectors such as TPT. This sector has experienced tremendous pressure both in terms of market and business cost inflation. “Other manufacturing subsectors have a less risk of layoffs, but there is potential for a prolonged hiring freeze,” he said on Tuesday (30/7). In general, Apindo estimates that the condition of the manufacturing industry will be more challenging until the end of the year. Apart from being triggered by an increase in business operating costs as a side effect of the rupiah exchange rate correction, people's purchasing power has also not stabilized so that market demand has decreased. Not only that, some businesses are also still waiting and seeing for business expansion due to the government transition. SOURCE
Jul, 31 2024
Minister of Investment or Head of the Investment Coordinating BoardInvestment Coordinating Board (BKPM) Bahlil Lahadalia proudlyrevealed that during the second quarter period. In the latest data, foreign investment (FDI) in Indonesia managed to score Rp 428.4 trillion. In his statement, a mentioned that the figure rose 6.3 Percent from the previous quarter and up 16.6 Percent from the second quarter of 2023. Bahlil added that Indonesia's success in bringing in mask investors into the country is something to be proud of considering that currently there are 95 countries that have applied for loan assistance to the International Monetary Fund (IMF) due to uncertain global economic conditions. “We all know that currently the global economy isis still in a concerning condition.In fact, there are already a total of 95 countries that have become patients of the IMF,” Bahlil said in a press conference held at the Ministry of Finance in a press conference held at the Ministry ofInvestment on Monday, July 29, 2024. Referring to data from the Ministry of Investment, it was also mentioned that there were five countries with the largest investment in Indonesia during the first period of 2024. Among these countries, Singapore managed to occupy the first position and was followed by China in the second position. According to Bahlil's statement, Singapore has invested inIndonesia amounting to 8.9 billion US dollars until the first semester period of 2024.2024. Then. China also followed by investing3.9 billion US dollars. The five largest investment recipient regions are West Javawith a nominal value of Rp 63.7 Trillion, DI Jakarta with Rp 62 Trillion,East Java Rp 35.6 Trillion, and Banten Rp 33 Trillion, and Central Sulawesi Rp 32.8 Trillion. Central Sulawesi Rp 32.8 trillion.“This shows that industrialization is running massively. Behinduncertainty of the global economy, we are grateful that the global public still trust our country to be one of the investment destinations,” Bahlil explained. “This shows that industrialization is running massively. Despite the global economic uncertainty, we are grateful that the global public still trusts our country to be one of the investment destinations,” Bahlil explained. SOURCE
Jul, 31 2024
Vietnamese electric car manufacturer VinFast Auto officially started building its first electric vehicle assembly plant in Indonesia marked by the groundbreaking ceremony in Subang, West Java, by Presidential Chief of Staff Mr. Moeldoko. PT Vinfast Automobile Indonesia applied for 30,000,000 VA of new electricity at the location of the electric vehicle production plant in Cibogo Village, Cibogo District, Subang Regency, West Java. VinFast is a member of VinGroup, one of Asia's largest multi-industry private economic groups. VinFast Indonesia CEO Temmy Wiradjaja stated that with the philosophy of “Putting customers at the center”. Vinfast conducts continuous innovation in creating classy products, providing satisfaction for its customers, and is ready to lead the electric vehicle revolution. This is in line with one of PLN's missions, which is to make electricity a medium to improve the quality of people's lives. “We held this groundbreaking event just a few months after VinFast officially established its presence in Indonesia, marking an important milestone in our strategy to become a leading player in one of the most promising electric vehicle markets in the region,” Temmy said. The plant will operate with an annual production capacity of 50,000 vehicles and include several key production areas such as Body Shop, General Assembly Shop, Paint Shop and testing area, among others. The initial electricity demand should be around 18.16 MW in early May 2025 to support the operation of the company. PLN UP3 Purwakarta Manager Grahaita Gumelar enthusiastically welcomed Vinfast Indonesia's investment in building an electric vehicle factory in Subang, Gumelar also said that he would support the electricity needs for the operation of the electric vehicle industry. “PLN is very enthusiastic to support the electricity supply of PT Vinfast Indonesia which has invested in the production of electric vehicles in Subang, we are committed to supporting business development and providing satisfactory service to Vinfast Indonesia. We hope this can increase electricity sales and support economic improvement.” Gumelar said. The project is expected to absorb thousands of local jobs and contribute significantly to the economic and social development of the local community. It is considered ready to have a major impact in encouraging environmentally friendly transportation in Indonesia. Susiana Mutia, General Manager of PLN West Java Distribution Unit Induk, expressed her full support for the economy of West Java province. She also said that PT Vinfast Indonesia's large investment in disubang, which produces electric vehicles, will be given the best electricity service from PLN so that it can support industrial operations. “Full support is given by PLN UID Jabar in the development of the Indonesian economy, with the large investment of PT Vinfast Indonesia is expected to boost the electric vehicle sector further and realize an environmentally friendly future when everyone can enjoy access to smart, safe, and environmentally friendly electric vehicles.” Susi said. “The increase in the electric vehicle sector is expected to increase economic growth, and improve the quality of life of the Indonesian people in the future,” Susi concluded. SOURCE
Jul, 30 2024
The contribution of Micro and Small Enterprises (MSEs) to investment continues to increase. During the first six months of 2024 (Semester I-2024), there were 2.4 million MSE projects with an investment value of Rp127 trillion. The Ministry of Investment/Investment Coordinating Board (BKPM) noted that in the January-June 2024 period, MSE projects managed to absorb 4.69 million workers. “From January to June, a total of 2.4 million projects were entered, with a value of Rp127 trillion for the employment of 4,696,618 people,” said Investment Minister/Head of BKPM Bahlil Lahadalia in Jakarta, Monday (29/7/2024). Of the micro and small business projects in Semester I-2024, Bahlil said that it was still dominated by the trade and repair sector worth Rp46.5 trillion. Furthermore, the services sector contributed Rp24.8 trillion, hotels and restaurants Rp13 trillion, construction Rp11.9 trillion, and food crops Rp7 trillion. Meanwhile, when broken down by location, West Java Province is the province with the largest progress in MSE investment development, with a project value of Rp22.1 trillion. Outside MSEs, BKPM noted that investment in January-June 2024 (first semester) realized amounted to IDR 829.9 trillion and succeeded in absorbing as many as 1.225 million workers. The labor absorption was dominated by domestic investment (PMDN) with an investment value of Rp408.2 trillion and absorbed 738,202 Indonesian workers. Meanwhile, foreign investment (PMA) realized in the first semester amounted to Rp421.7 trillion with the absorption of 486,840 workers. Banking Credit Although the investment value of MSE projects is relatively small, in terms of employment, Bahlil admitted the large contribution of the MSE sector which reached 4.69 million workers. Therefore, he hopes that banks can increase the provision of credit or capital facilities to the MSE sector. Bahlil said, of the total credit / lending disbursed by banks of Rp6,300 trillion, only 18 percent was channeled to micro, small and medium enterprises (MSMEs). “So if we give more capital with banking facilitation, then this is the best instrument to create jobs. Even if wages are still minimum wage,” he said. (ant) SOURCE
Jul, 30 2024
The Ministry of Investment or the Investment Coordinating Board (BPKM) recorded an investment achievement of Rp428.4 trillion in the second quarter of 2024. This information was conveyed by the Minister of Investment/Head of BPKM, Bahlil Lahadalia, in a press conference at the Command Center Room, Barli Halim Building, Ministry of Investment, South Jakarta, on Monday (29/7/2024). According to Bahlil, Indonesia's economic growth increased by 6.7 percent compared to the previous year, and an increase of 22.5 percent compared to the previous quarter. “Despite the global economic uncertainty, we remain grateful that the global public still trusts us as one of the investment destinations, both from outside and within the country,” he said. In the second quarter of 2024, foreign investment (FDI) reached Rp217.3 trillion, an increase of 6.3 percent from the previous year. Meanwhile, domestic investment (PMDN) was recorded at Rp211.1 trillion, an increase of 7.1 percent. The sector that absorbed the most investment was the base metal industry with a value of Rp74.0 trillion, followed by the mining sector at Rp45.6 trillion, telecommunications warehouse transportation at Rp41.3 trillion, residential, industrial, and office areas at Rp33.5 trillion, and other services at Rp30.6 trillion. The top five regions in PMA investment realization were West Java (USD2.5 billion or 17.5 percent), Central Sulawesi (USD2.1 billion or 14.6 percent), DKI Jakarta (USD1.8 billion or 12.9 percent), North Maluku (USD1.7 billion or 12.4 percent), and Banten (USD1.3 billion or 9.3 percent). For PMDN, DKI Jakarta led with IDR33.1 trillion (16.1 percent), followed by West Java with IDR25.6 trillion (12.1 percent), East Java with IDR25.1 trillion (10.3 percent), and West Nusa Tenggara with IDR25.2 trillion (7.2 percent). Bahlil also mentioned five major countries investing in Indonesia, namely Singapore (USD4.6 billion), China (USD2 billion), Hong Kong (USD1.9 billion), South Korea (USD1.3 billion), and the United States (USD0.9 billion). In addition, BPKM also focuses on investment for micro and small enterprises (MSEs), with 2,411,350 MSE projects registered in the first semester of 2024. These projects, which include 2,206,932 micro projects and 204,418 small projects, have an investment value of IDR127.0 trillion and have created 4,696,618 jobs. SOURCE
Jul, 30 2024
The Investment Coordinating Board (BKPM) reported that the highest investment realization in the second quarter of 2024 took place in the West Java region, reaching Rp63.7 trillion. Furthermore, the region with the second highest investment realization was DKI Jakarta with Rp62 trillion. Then, East Java Rp35.6 trillion, Banten Rp33 trillion, and Central Sulawesi 32.8 trillion. According to BKPM data details, the largest realization of domestic investment (PMDN) took place in DKI Jakarta Rp34.1 trillion or 16.1% of the total PMDN. Then, in West Java amounting to Rp25.6 trillion or 12.1%. “Furthermore, in East Java Rp24.1 trillion or 11.4%, Riau Rp21.8 trillion or 10.3%, and West Nusa Tenggara Rp14.2 trillion or 7.2%,” said Investment Minister/Head of BKPM Bahlil Lahadalia, Monday (29/7/2024). In terms of foreign direct investment, West Java is the region with the largest foreign investment, reaching US$2.5 billion or 17.5% of total foreign investment. Then, Central Sulawesi US$2.1 billion or 14.6%, DKI Jakarta US$1.8 billion or 12.9%. Two regions that also entered the top five foreign investments were North Maluku US$1.7 billion or 12.4%, and Banten US$1.3 billion or 9.3%. In total, BKPM recorded investment realization of Rp428.4 trillion in the second quarter of 2024, an increase of 22.5% on an annual basis (year-on-year / yoy) compared to the same period last year. The figure consisted of foreign investment (PMA) of IDR 217.3 trillion, up 16.6% yoy, and domestic investment (PMDN) of IDR 211.1 trillion, up 29.1% yoy. In terms of region, investment in the Java region was recorded at IDR213.2 trillion or up 27.1%. investment outside Java was IDR215.2 trillion or up 18.3% yoy. SOURCE
Jul, 30 2024
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
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