Acting West Java Governor Bey Machmudin appreciated the livestock contest held in West Bandung Regency. The event managed to attract many visitors. Met after the event, Bey emphasized the importance of events like this as proof that West Java is able to achieve food self-sufficiency. Especially in the production of beef, mutton, chicken, eggs, milk, and other processed products. “I appreciate the West Bandung Regent who has prepared this event very well, which was attended by many visitors.” “This contest shows that we are actually capable of food self-sufficiency,” said Bey Machmudin after the West Java Provincial Livestock Contest and Food Expo 2024 at The Landen, Lembang, West Bandung Regency, Thursday, July 25, 2024. Attending the event was Deputy for Food and Agribusiness Coordination of the Coordinating Ministry for Economic Affairs of the Republic of Indonesia Dida Gardera. Bey added, with good management, West Java could achieve food self-sufficiency not only in animal products, but also in other commodities such as rice. “In the future we can be even better at managing these resources, including rice and others,” he said. He also said that increasing food self-sufficiency will have a positive impact on improving people's nutrition and reducing stunting rates. “People's nutrition will be better and stunting will definitely be reduced,” he said. The livestock contest event, said Bey, also showed the economic turnover in the community, especially for livestock that won the contest to get a high price. “The high price (of livestock) for the winner of the contest is good for the community because there is an economic turnover,” he explained. Deputy for Food and Agribusiness Coordination at the Coordinating Ministry for Economic Affairs Dida Gardera stated that West Java is one of the best examples in developing the livestock sector. “Very good, so this can be an example. Earlier it was conveyed that for the agricultural sector, including livestock, West Java is among the highest in economic growth,” said Dida. He is also confident that, under Bey Machmudin's leadership, West Java will be more developed and advanced, as well as soon achieve food self-sufficiency and be able to supply other regions. “I am sure it will not take too long to achieve food self-sufficiency and also be able to supply other regions. I have high hopes that West Java can become a locomotive for other regions,” concluded Dida. SOURCE
Jul, 26 2024
The State Electricity Company (PLN) is targeting the giant Upper Cisokan Hydroelectric Power Plant (PLTA) project in West Java to be commercially operational by 2028. The execution of this project has recently been delayed even though PLN has secured loans from the Bank for Reconstruction and Development (IBRD) and the Asian Infrastructure Investment Bank (AIIB) in 2022. The reason is that the international creditor loans are hampered by the domestic component level (TKDN) clause mandated by the Ministry of Industry. “Currently, PLN continues to coordinate with the Coordinating Ministry for Maritime Affairs and Investment, the Ministry of Energy and Mineral Resources, and the Ministry of Industry to resolve issues related to TKDN,” said Executive Vice President of Corporate Communications and TJSL Gregorius Adi Trianto when confirmed by Bisnis, Wednesday (24/7/2024). Greg said the project with an investment value of US$850 million has entered the procurement stage. He targets the project to be operational in 2028. On the other hand, he said, his company is also coordinating with relevant ministries and institutions to resolve TKDN issues in a number of new renewable energy (EBT) projects that use foreign grant loans (PHLN). “The Upper Cisokan PS project uses loan funds from the Asian Infrastructure Investment Bank (AIIB) and also the World Bank,” he said. This water-based power plant will have a power capacity of 4 X 260 megawatts (MW), located on the border of West Bandung and Cianjur regencies, West Java. The project has received a loan facility from IBRD, which is part of the World Bank Group with total funding of US$380 million. In addition, there is also US$230 million funding from AIIB in the form of co-financing with the World Bank with a similar scheme. PLN received an interest rate with a long tenor of 24.5 years. The Cisokan hydropower plant was built using Roller Compacted Concrete (RCC) where the upper and lower dams utilize the water resources of the Cisokan River, which is a tributary of the Citarum River. PLN will first build a dam from upstream to downstream as well as 27 kilometers of electrical infrastructure along the river. Through pumped storage technology, when the electricity load is at peak, this hydropower plant can flow the water discharge system so that it can rotate the turbine and provide additional electricity supply. Meanwhile, when the Java Bali electricity load is down, this hydropower plant can immediately restore water discharge through the tunnel. As previously reported, the Ministry of Energy and Mineral Resources (ESDM) is convincing a number of multilateral lenders to channel loans to new and renewable energy (EBT) projects in Indonesia. Funding commitments from international lenders have recently stalled due to the issue of clauses to fulfill TKDN provisions. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources Eniya Listiani Dewi said that she had convinced a number of lenders about the current changes in domestic TKDN regulations. “We have announced yes, meaning sharing with various investment funding lenders that there are improvements in the regulations,” Eniya said when confirmed, Thursday (07/18/2024). Meanwhile, the regulatory improvement is related to the government's decision to separate the TKDN of EBT projects which will be regulated by the Ministry of Energy and Mineral Resources from the TKDN of components or goods which are under the authority of the Ministry of Industry. Eniya said that the regulation at the level of ministerial regulation (Permen) of ESDM which regulates the TKDN of EBT projects has been harmonized recently. The Ministry of Energy and Mineral Resources revealed that there are 14 EBT power plant projects that are constrained by funding due to the polemic over the clause of fulfilling the TKDN provisions. Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion. The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW). Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN. The ten projects that have stalled in negotiations include the Bakaru 1 hydropower plant (126 MW), Bakaru 2 hydropower plant (140 MW), Kalibumi Minihydro Power Plant (6.35 MW), Lapai 1 hydropower plant (5.31 MW), Riorita hydropower plant (2.5 MW), Dieng 2 hydropower plant (55 MW), Patuha 2 hydropower plant (55 MW), and Masang 2 hydropower plant (44 MW). SOURCE
Jul, 25 2024
KORAN GALA - KoinWorks organized Money Diary Talks (MDT), which raised the theme of strategies to build a strong investment portfolio, aimed at entrepreneurs in Bandung who want sustainable asset growth. The first MDT in Bandung involved Anggia Bonyta, a content creator who is also the owner of Imah Babaturan stall, Stewart Sim, Head of Wealth Management from KoinWorks. “Starting an investment is easy, but what makes it a challenge is when there is a need to change our lifestyle. Usually, we claim there are no funds that can be set aside for investment; even though there are, if only the lifestyle is adjusted to the needs,” said Stewart. Stewart added that KoinWorks encourages business owners to invest as part of their financial planning, as it can help optimize the profit earned from idle funds. In the future, these funds can be used for business expansion, dealing with emergencies, or other financial goals. “I agree. Before I started setting aside funds for investment, for emergency funds, for children's education, and others, I often put more importance on funds for vacations or to buy shoes,” said Anggia. “But it had to be forced. Now my life is calmer, even though my income is not fixed; either from the business of Imah Babaturan's warung, or my own business as a content creator,” she continued. For those who are still getting acquainted with investing, Stewart explains, “Evaluating financial risk should always be a priority in any investment decision, alongside profitable returns. Understanding this is important to ensure the sustainability and growth of the investment.” One of the low-risk investment instruments that can be considered is deposit products. KoinWorks Bank has deposit products that can be accessed through the KoinWorks application or through the KoinWorks consultation team. “Deposits currently offer 6.75% p.a. interest guaranteed by LPS, so businesses can optimize their excess liquidity while still securing funds and achieving stable returns,” he concluded. *** SOURCE
Jul, 25 2024
Purwakarta is one of the leading areas in the field of industrial investment in West Java. This was said by the Acting Governor of West Java, Bey Machmudin, when attending the Plenary Meeting for the 193rd Anniversary of Purwakarta City and the 56th Anniversary of Purwakarta Regency in the Plenary Room of the Purwakarta Regency DPRD Building, Saturday (20/7). In the momentum of Purwakarta's anniversary, Bey said, the West Java Provincial Government will seriously support Purwakarta by building various infrastructure including educational facilities. "The West Java Provincial Government will continue to be committed to the progress of Purwakarta. Such as the development of educational infrastructure," said Bey, reported by RMOLJabar, Sunday (21/7). The theme for Purwakarta Regency's anniversary is "Steps to Build Karsa" which means that every step taken has a noble spirit of change to produce works for the progress of the nation and state. Bey added, Purwakarta has presented impressive progress. "Many proud achievements have been achieved, this progress shows that Purwakarta is able to compete and continue to progress," he said. Meanwhile, the Acting Regent of Purwakarta, Benni Irwan, hopes that this will be a moment for reflection to appreciate the services of heroes in the past by providing benefits to society today. "The commemoration of the anniversary is a momentum for all of us as a very valuable past, as a reference for the future, the present because every achievement today is the hard work of the past. So as a form of gratitude we must all be determined to keep working and provide the best for society," said Benni. Benni also appreciated all parties who had worked together to develop Purwakarta with the aim of providing benefits to the community. SOURCE
Jul, 25 2024
Receiving an investment realization target from BKPM/Ministry of Investment of up to IDR 250 trillion in 2024, the West Java Investment and One-Stop Integrated Services Service (DPMPTSP) continues to strengthen investment services. Head of the West Java DPMPTSP, Nining Yuliastiani, said that his party continues to provide assistance and facilitation in debottlenecking of licensing service issues and ease of investing in West Java. "We are facilitating the handling of investment realization problems through several steps," he said in Bandung, Thursday (18/7/2024). First, through the Windu (West Java Investor Development Upgrade) service, which facilitates business actors through mentoring and coaching activities with various themes related to the problems faced by business actors. "Secondly, there is a push or movement to encourage investment realization. This is our effort to facilitate business actors through assistance with LKPM reporting," he said. Third, steps to accelerate the handling of investment realization problems by optimizing Problem Resolution and Accelerating Business Licensing and then facilitating strategic project assistance through optimizing the IRO (Investment Relations Officer). Nining also ensured that his party regularly held forums that brought together various stakeholders together with investors. Nining Yuliastiani ensured that his party was committed to continuing to encourage the acceleration of investment realization in West Java and providing licensing services to all business actors. "We realize that this investment is capable of creating a very large multiplier effect which can improve community welfare in the future and of course requires very high commitment from the leadership and support from relevant stakeholders," he said. Investment realization in West Java in the first quarter of 2024 or the January-March 2024 period experienced an increase, both from foreign investment (PMA) and domestic investment (PMDN). Based on the Investment Activity Report (LKPM) up to the first quarter of 2024, which was realized by investors in 27 districts/cities, the investment amount reached IDR 64.65 trillion. SOURCE
Jul, 25 2024
Minister of Transportation Budi Karya Sumadi invites businesses to participate, invest, and conduct business activities at Patimban Port. This is a form of the government's success in attracting investors as well as development in Subang Regency. “The success of development policies carried out by the Indonesian Government cannot be achieved without the role, contribution, support and collaboration of economic actors, businesses and producers in the vicinity,” said Budi Karya in his online presentation on Wednesday, July 24, 2024. He hopes that Patimban Port can increase business potential at the port and the region, especially West Java and its surroundings. “With the development of Patimban Port, sea transportation and logistics services can be easier, more efficient, and improve the economy in the West Java and National regions,” Budi Karya continued. It is known that the Ministry of Transportation together with PT Pelabuhan Patimban Internasional (PPI) and PT Patimban International Car Terminal (PICT), continues to develop Patimban Port. This is to provide sea transportation facilities, as well as a business outlet for businesses, especially in West Java. Patimban Port was built and developed in several stages, namely phase I-1 (2018-2021), phase I-2 (2022-2025), and will be continued in phase II and phase III. The government is also building the Patimban Port ecosystem by developing a backup area to support the smooth running of port activities. The backup area is also offered to investors to accelerate the construction of the backup area. For the purpose of the backup area, the Ministry of Transportation has acquired ± 350 Ha of land. In addition to supporting the main port activities and loading and unloading activities, the area can also be used for the development of new industrial areas that can streamline logistics costs. Patimban Port currently has various operational facilities, including automation gates at the international terminal, receiving areas at domestic and international terminals, complete facilities in the inspection area, pre yard, storage yard, security CCTV at 20 points, to lighting in the storage area and dock. The port is also equipped with CIQP (Customs Immigration Quarantine Procedure) to support export and import activities. Ship services at this port are carried out online through Inaportnet. Patimban Port, which has been completed in Phase I-1, has now been operated since 2020 through temporary operations and in 2021 it will be fully operated with port management / operator, namely the Port Business Entity PT PPI. In 2021 the Vehicle Terminal with a capacity of 218,000 cbu / year has served operations with a total load of 31,856 CBU / year or 15 percent of capacity. Then in 2022 the total load rose to 198,064 CBU / year or 91.1 percent of capacity, and in 2023 the total load was 224,935 CBU or 103.18 percent of capacity. In June 2024 the total load has reached 90,659 CBU or 41.59 percent of capacity. SOURCE
Jul, 25 2024
SUMEDANG BAGUS - Acting West Java Governor Bey Machmudin revealed the potential of the West Java International Airport (BIJB) Kertajati in the future to be developed into a special Hajj and Umrah airport. This cannot be separated from the success of BIJB Kertajati in becoming a Hajj embarkation that has served 30 flight groups with approximately 13,000 pilgrims in 2024. “The next plan, there are several investors who are interested in developing it into an airport for Hajj (and Umrah), we will update later,” said Bey Machmudin after a Leadership Meeting at Gedung Sate Bandung, on Wednesday, July 24, 2024. Bey found statistical figures that there is a potential for around 70,000 Hajj and Umrah pilgrims from West Java and Central Java to depart from BIJB Kertajati. “Earlier information from Mr. Asda 1 next year there are 70,000 pilgrims who (want to) go to Kertajati, (while) from the western part of Central Java has entered here. This means that next year (the number of passengers) will increase,” Bey said. However, until the 2025 Hajj season arrives, the West Java Provincial Government must continue to look for ways to make BIJB Kertajati get as many passengers as possible. “But, our challenge from today until next year is that we must be able to survive or add flights from Kertajati,” said Bey. Bey also revealed that the use of the Hajj dormitory in Indramayu for all pilgrims will still be coordinated again. This is because there is still one tower that is not yet operational. “We will coordinate later because there is one tower that is not yet (operational),” Bey said. SOURCE
Jul, 25 2024
NATIONAL INFO - Sukabumi District Government received the Top 5 Investment Challenge 2024 award from the Governor of West Java, on Friday, June 28, 2024. The award was given at the West Java Industrial Meeting (WJIM) event at the Trans Studio Convention Center Bandung by the Deputy Head of Bank Indonesia Representative of West Java Province and the Head of DPMPTSP of West Java Province, The award was received by the Head of DPMPTSP of Sukabumi District representing the Regent of Sukabumi. Also present at the event were representatives of Bappelitbangda and Perumda Agro Sukabumi Mandiri. Investment Challenge 2024 is a competition activity participated by Regency / City throughout West Java through the assessment of Investment Proposals in accordance with the potential of the region. Investment Challenge 2024 as a strategic activity is the inaugural program organized by the West Java Province Investment and One-Stop Integrated Service (DPMPTSP) Office in collaboration with Bank Indonesia West Java Provincial Representative Office. Sukabumi District contributed to the Investment Challenge 2024 by proposing a proposal entitled “Development of Modern Rice Processing Industry”. This proposal was prepared by a team consisting of Perumda Agro Sukabumi Mandiri, Bappelitbangda and DPMPTSP, and supported by the Agriculture Office, DPTR and Food Security Office. This proposal is proposed under the Business to Business (B2B) scheme. If this proposal receives investment support, Perumda Agro Sukabumi Mandiri can manage a modern Rice Milling Unit (RMU) in Jampangkulon to produce premium quality rice from unhulled rice from farmers/farmer groups in Sukabumi District, so that the rice from Sukabumi District can be processed by itself. The Top 5 Investment Challenge went through a long process starting from the feasibility of the proposal, the preliminary round in the form of an evaluation of the feasibility of the investment offered, the Top 10 in the form of an RMU business feasibility analysis and finally the Top 5 in the form of a presentation of its investment proposal in front of potential domestic and foreign investors at the West Java Investment Roadshow (WJIR) event on June 20, 2024 at the Kempinski Hotel Jakarta. The Top 5 Investment award means that Perumda Agro Sukabumi Mandiri is an Investment Worthy Perumda. Furthermore, the Top 5 Investment Challenge will also be included in the West Java Investment Summit (WJIS) in October. SOURCE
Jul, 24 2024
Head of the Bureau of BUMD, Investment and Development Administration (BIA) of the West Java Regional Secretariat, Lusi Lesminingwati, revealed that currently the government is making efforts to accelerate the business of nine companies in Financial Institutions. In fact, one of them will be closed and is just waiting for regulations from the Minister of Home Affairs of the Republic of Indonesia (Permendagri). Likewise with several companies that are included in financial institution companies. Of the 15 BPR (Rural Bank) institutions, 11 of them are being encouraged to merge. “Actually, out of 41 BUMD (companies), there are 9 NLK (non-financial institutions), one of which we will close just waiting for the regulations from the Permendagri. While the other 8 we (are) encouraging the acceleration of their business because the problem of this non-financial institution (BUMD company) is Cash Flow,” said Lusi when exposing the condition of BUMD Jabar to Koran Gala. Lusi admitted that one of the hardest homework for the provincial government is currently in microfinance institutions (MFIs) because besides being slow, the dividend contribution from BPRs is still relatively small. “Indeed, in the future we are doing mergers for these 15 BPRs, although 4 of them are not in West Java but in the Banten Provincial Government. So we will encourage 11 to merge, while the other 4 we will try to sell our shares to the Banten Provincial Government,” he said. “Our hope is that by merging these BPRs, the business, scale will be bigger and in the end the dividends we receive will be higher,” she continued. Lusi admitted that BUMDs should be able to encourage the acceleration of development so that her party needs to improve the condition of BUMD companies in West Java. “Now related to the two that are really productive out of 41, the ones that dominate the contribution of dividends to the West Java Provincial Government are BJB and PT Migas Utama Jabar (MUJ),” he said. Regarding one of the BUMD companies that will be closed by West Java Province this year, Lusi revealed that one of them is PD Agribusiness and Mining (AP), even the remaining assets in the BUMD company have been inventoried for the name to be returned to the West Java Provincial Government. “The asset data is already there, we are just waiting for the Permendagrinya and the mechanism, which is certain that the assets should not be lost,” he said.** SOURCE
Jul, 24 2024
PRFMNEWS - In an effort to handle waste in the Cirebon Raya area, the West Java Provincial Government (Pemprov) will maximize the Cirebon Raya Waste Processing and Final Processing Site (TPPAS). In optimizing the Cirebon Raya TPPAS, the West Java Provincial Government plans to apply incineration technology. Related to this, West Java Regional Secretary Herman Suryatman received a visit from the Zhejiang Weiming Environment Protection team from China and the ranks of the Coordinating Ministry for Maritime Affairs and Investment of the Republic of Indonesia at West Java International Airport (BIJB) Kertajati, Majalengka Regency, Monday, July 22, 2024. The meeting was a follow-up to a working visit on June 13-16, 2024 to Shanghai, China, related to waste treatment with incineration technology. “We received the Zhejiang Weiming Environment Protection team along with the Kemenko Marves team. This is a follow-up to the working visit the other day to Shanghai, China related to waste management using incineration technology,” he said. Herman revealed, at the two-hour meeting, Zhejiang Weiming Environment Protection offered incineration waste processing without tipping fees. This can be explored more deeply as one of the technology options for the Cirebon Raya Waste Processing and Final Processing Site (TPPAS). “They are exploring the possibility of investing in waste to energy in Cirebon Raya,” said Secretary Herman. After the meeting, the Zhejiang Weiming Environment Protection together with the Kemenko Marves RI team and the West Java Provincial Government officials visited the Cirebon Raya TPPAS candidate plan in Walahar Village, Gempol District, Cirebon Regency. SOURCE
Jul, 24 2024
Member of Commission XI DPR RI, Dr. Agun Gunandjar Sudarsa in collaboration with the National Resilience Forum, OJK Tasikmalaya and Diskominfo Ciamis held a financial services counseling event at a hotel in Ciamis, Tuesday (23/7/2024). Agun Gunandjar Sudarsa said, the problem of illegal online loans (Pinjol), online gambling, fraudulent investments, and emok banks in Ciamis Regency is increasingly rampant. “I in Commission XI DPR RI encourage the chairman of FKB Ciamis, Ijudin to immediately form a gambling eradication forum in Ciamis and we must provide vigilance against illegal investments and online loans,” Agun told the media crew. “Including blocking the sites, because there are already quite a lot of victims reaching thousands of people but we return to the community. So activities like this are more about educating the public not to be easily tempted or lured by unreasonable offers,” he added. Involve the Community Meanwhile, the Head of OJK Tasikmalaya, Melati Usman, said that handling online gambling, illegal online loans and mobile banks needs to involve the community directly in the education. “We are also accompanied by the Head of the OJK institutional relations department, to jointly educate the Ciamis community to remain vigilant about the dangers of illegal online lending including fraudulent investments,” explained Melati. Then, the Head of the Ciamis Communication and Information Office, Tino Armyanto, said that this counseling activity was very important. The reason is, through proper education, it is hoped that people can be wiser and more careful in choosing and using digital financial services. “We actively disseminate information about the dangers and how to recognize illegal online loans and fraudulent investments through various communication channels, including social media, official websites, and public campaigns,” he said.(M.Kris) SOURCE
Jul, 24 2024
Acting Governor of West Java, Bey Machmudin inaugurated the Solar Power Plant (PLTS) – Nugraha Jaya Multipurpose Cooperative Biogas located at Cipari Village, Cigugur District, Thursday (18/07/2024). PLTS – Biogas is the work of the Bandung Institute of Technology which was handed over to KSU Nugraha Jaya. Accompanying the Acting Governor, the Acting Regent of Kuningan, Raden Iip Hidajat who accompanied him from the coaching event with Kuningan Regency Government officials in the pavilion. The visit from the number one person in West Java stated that the presence of PLTS - Biogas was a concrete step for West Java in utilizing new and renewable energy sources (EBT). "The benefits of PLTS - Biogas include that the beneficiaries can calculate managed cow dung and reduce river pollution due to cow dung by up to 657 tons per year," said Bey. Bey Machmudin also mentioned other benefits, namely estimating a reduction in greenhouse gas emissions of 848.65 CO2eq (carbon dioxide equivalent) per year. "Then, it is estimated that the savings obtained by farmers by using PLTS (conversion of price per kWh PLN) is IDR 94,555,440 per year," explained Bey. Another benefit, said Bey, is that he can estimate the savings obtained by farmers by using biogas (conversion from the price of 3 kg LPG) of IDR 17,730,240 per year. The presence of PLTS – Biogas can bring benefits by processing animal waste into biogas which really prioritizes the principle of zero waste. "The West Java Provincial Government really supports efforts like this, and it can be emulated in other regions," said Bey Machmudin. Once in Kuningan, the West Java Provincial Government through the West Java Energy and Mineral Resources Service will prepare a similar PLTS – Biogas in Bandung Regency. "In Bandung Regency there will also be construction, yes, not only cow dung but goat dung will be researched first, then it can be developed," said Bey. The KSU Nugeraha Jaya PLTS operation is used to process cattle feed concentrate consisting of various types and food ingredients. Meanwhile, the animal waste produced is processed to produce bio gas which is an alternative to LPG. It is known that cow's milk from the KSU Nugraha Jaya farm is one of the best milk contributors in West Java (apart from other cow farming cooperatives in the Kuningan area). The milk produced is used as a raw material source for UHT packaged milk for national scale companies. SOURCE
Jul, 24 2024
West Java DPMPTSP continues to provide assistance and facilitate debottlenecking of licensing service problems and ease of investing in West Java. Bisnis.com, BANDUNG - With an investment realization target from BKPM/Ministry of Investment of up to Rp250 trillion by 2024, the West Java Investment and One-Stop Integrated Services (DPMPTSP) Office continues to strengthen investment services. Head of West Java DPMPTSP Nining Yuliastiani said that her office continues to provide assistance and facilitate debottlenecking of licensing service problems and ease of investing in West Java. “We facilitate the handling of investment realization problems through several steps,” she said in Bandung, Thursday (18/7/2024). First, through the Windu service (West Java Investor Depelopment Upgrade), which facilitates business actors through mentoring and coaching activities with various themes related to the problems faced by business actors. “Second, there is a movement to encourage investment realization, this is our effort to facilitate business actors through LKPM reporting assistance,” he said. Third, steps to accelerate the handling of investment realization problems by optimizing the Settlement of Problems and Acceleration of Business Licensing then facilitating strategic project assistance through optimizing the IRO (Investment Relation Officer). Nining also ensures that her party routinely holds forums that bring together various stakeholders with investors.Nining Yuliastiani ensures that her party is committed to continuing to encourage the acceleration of investment realization in West Java and provide licensing services to all business actors. “We realize that this investment is able to create a very large multiplier effect that can improve the welfare of the community in the future and of course requires a very high commitment from the leadership and support from relevant stakeholders,” she said. Investment realization in West Java in the first quarter of 2024 or the January-March 2024 period has increased, both from foreign investment (PMA) and domestic investment (PMDN). Based on the Investment Activity Report (LKPM) up to the first quarter of 2024 realized by investors in 27 districts / cities, the total investment reached Rp64.65 trillion. (SOURCE)
Jul, 19 2024
Bloomberg Technoz, Jakarta - Eurokars Motor Indonesia (EMI) as the sole agent brand holder (ATPM) and distributor of Mazda cars in Indonesia announced that it has started building its assembly plant in West Java. Eurokars Motor Indonesia General Manager Marketing and Communications Pramita Sari said the plant has laid its first stone since March 2024 although she did not specify the exact location of the plant. “[The Mazda plant] is located in West Java with an investment of Rp400 billion,” Pramita told Bloomberg Technoz on Friday (19/7/2024). Meanwhile, regarding the operating target of the Mazda factory, Pramita only said that this would be informed further when significant progress was seen. “In this initial stage of assembly in Indonesia, we will focus on compact SUVs,” he continued. (SOURCE)
Jul, 19 2024
Vietnamese electric car manufacturer VinFast Auto officially started construction of its first electric vehicle assembly plant in Indonesia, marked by the laying of the first stone in Subang, West Java, Monday (15/7/2024), directly by the Chief of Presidential Staff, Moeldoko. VinFast assesses that RI is one of the most promising electric vehicle markets in Southeast Asia. The factory, which is located in a developing industrial area in Subang, was built with an initial investment of around US$ 200 million or IDR 3.23 trillion (exchange rate IDR 16,160). This factory will operate with an annual production capacity of 50,000 vehicle units and includes several main production areas such as the Body Shop, General Assembly Shop, Paint Shop and testing area, etc. VinFast schedules this factory to start operating in Q4 2025 and will produce right-hand drive versions of e-SUV models, including the VF 3, VF 5, VF 6 and VF 7 series for the Indonesian market. This project is expected to create thousands of local jobs, increase the number of skilled workers, and make a significant contribution to the economic and social development of local communities. Presidential Chief of Staff Moeldoko assesses that this project is also ready to have a big impact in encouraging environmentally friendly transportation in Indonesia. "The presence of VinFast will not only have a positive impact on the regional economy, but will also open up new job opportunities and improve the welfare of the surrounding community," he said. "The Indonesian government strongly encourages foreign investment into our country, especially in the automotive industry sector. We believe that the presence of VinFast will bring technological innovation and knowledge transfer that is much needed to increase the competitiveness of the national automotive industry," said Moeldoko. Currently, Vinfast has launched two right-hand drive electric SUV models, the VF 5 and VF e34, opened a dealer store, and implemented a flexible sales policy including a pioneering battery subscription program. VinFast Indonesia CEO Temmy Wiradjaja stated, VinFast strives to be a pioneer of the high-tech industry in Southeast Asia with global influence. "We are holding this groundbreaking event just a few months after VinFast officially arrived in Indonesia, this confirms VinFast's strategic expansion and competitiveness in Southeast Asia, as well as marking an important milestone in our strategy to become a leading player in one of the most promising electric vehicle markets in this region," he said. "This project shows VinFast's long-term commitment to Indonesia, boosting the electric vehicle sector, supporting economic growth and improving the quality of life of Indonesian people," said Tommy. SOURCE
Jul, 15 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
