Kota Bandung (ANTARA) - The Bandung City Government continues to increase the realization of investment entering the city by providing a number of conveniences in granting business permits for investors, one of which is through the 'Online Single Submission Risk Based Approach' (OSS-RBA) or risk-based licensing. "To make the licensing process easier, we have carried out various innovations, one of which is providing assistance to prospective investors in consulting on complaints or other things related to the licensing process," said Head of the One Stop Investment and Integrated Services Service (DPMPTSP) Ronny Ahmad Nurudin in Bandung. , Tuesday. Ronny explained that risk-based licensing is a business licensing service provided to business actors to start and carry out business activities. "The innovations that we have developed aim to make it easier and provide certainty regarding the speed of time and so on for issuing business permits," he said. He added that his party has also presented two Public Service Malls (MPP) providing various types of services from 26 agencies, so that it can make it easier for the public to process various permits. "We are presenting two MPP buildings with 26 agencies providing various services including OSS RBA, immigration, Samsat, BPOM and many more," he said. Based on DPMPTSP data, the number of Foreign Direct Investment (PMA) from the first quarter to the third quarter of 2023, the number of projects reached 1,078 with an investment value of around IDR 3.3 trillion. Then, Domestic Investment (PMDN) amounted to 8,030 projects with an investment value of around IDR 3 trillion. The total investment value that has been achieved is around IDR 6.3 trillion from the overall target in 2023 of IDR 7.25 trillion. Therefore, he hopes that through the innovation program carried out he can increase the realization of regional investment and the compliance of business actors, especially through Investment Activity Reports (LKPM) which are submitted periodically. "We convey this to encourage entrepreneurs to continue to increase the amount of investment in the city of Bandung in the hope of encouraging economic growth," he said. (SOURCE)
Dec, 06 2023
Kota Bandung (ANTARA) - The City Government (Pemkot) of Bandung, West Java is offering 12 projects with an investment value of up to IDR 6 trillion at the 2023 Bandung Investment Summit (BIS), in order to pursue investment realization in this city. “There are 12 investment projects that we are offering to potential investors. Through this activity, it is hoped that it can increase investment interest in the city of Bandung. "We are optimistic that the investment realization target of IDR 7.25 trillion can be achieved," said Acting Mayor of Bandung, Bambang Tirtoyuliono, in Bandung, Tuesday. Bambang said the city government had issued two special regional regulations, namely Regional Regulation Number 5 of 2022 concerning Spatial Planning and Regional Regulation Number 4 of 2022 concerning the Implementation of Capital Investment to make it easier for investors to carry out activities and invest capital in the city of Bandung. “The Bandung City Regional Spatial Planning Regulation is the most important platform for providing investment certainty. "Approximately around December 2023 or January 2024, detailed plans for regional spatial planning regulations can be immediately established," he also said. He added that the impact of the growth of investment in the city of Bandung has had a huge impact on the Human Development Index (HDI). In 2022, the HDI in Bandung City will reach a value of 82.5. In 2023 the target is 83.05. "There are three HDI indicators, namely health, economy and education. I am optimistic about the results of our investment value and inflation conditions this year," he said again. Based on data from the One Stop Integrated Services and Investment Service (DPMPTSP), the number of foreign investments (PMA) from the first quarter to the third quarter of 2023, the number of projects reached 1,078 with an investment value of around IDR 3.3 trillion. (SOURCE)
Dec, 06 2023
METROPOLITAN.id - No less than IDR 12 Trillion of investment has been entered into Bogor Regency over the past year. This achievement makes Bogor Regency ranked third in West Java for investment realization in 2023. Head of the Bogor Regency Investment and One-Stop Integrated Services Service (DPMPTSP), Irwan Purnawan, said that the investment realization of IDR 12 trillion had exceeded the target set for 2023, namely IDR 9 trillion. "Investment realization could increase. Because the latest data only reaches the third quarter or September 2023. It will be recapitulated again at the end of the fourth quarter," said Irwan Purnawan. Irwan explained that Domestic Investment (PMDN) still dominates in Bogor Regency with an investment value of more than IDR 8.8 trillion. Meanwhile, Foreign Investment (PMA) is around IDR 3.16 trillion. Apart from that, the realization of investment which has exceeded the target was also accompanied by employment in Bogor Regency which reached 23,537 people. Overall, investment realization for both PMA and PMDN in 27 cities/districts throughout West Java based on the Investment Activity Report (LKPM) for the period January - September 2023 is more than IDR 153.2 trillion with a workforce absorption of 192,414 people. "Of this amount, Bogor Regency contributed 7.87 percent to investment realization in West Java," said Irwan. Irwan also said that with the current conditions, it is possible that the amount of investment in the Regency will increase again. Moreover, currently the Bogor Regency Government is revising the Regional Spatial Planning Regulation. (SOURCE)
Nov, 28 2023
Bisnis.com, BANDUNG -- Bank Indonesia West Java explained the causes of weakening economic growth in West Java in the third quarter of 2023. Based on data released by the West Java Central Statistics Agency (BPS), West Java's economy in the third quarter of 2023 grew by 4.57% (yoy). This growth slowed compared to the previous quarter which reached 5.25% (yoy). Head of the West Java Bank Indonesia Representative Office, Erwin Gunawan Hutapea, said that this slowdown was caused by still weak export demand which had an impact on decreasing the performance of the processing industry sector as the main contributor to the West Java economy. Apart from that, the contracting growth in government spending has also become a barrier to higher economic growth. Furthermore, El-Nino, which affects the performance of the agricultural sector, also holds back the acceleration of West Java's economic growth in the third quarter of 2023. From the demand side, the source of West Java's economic growth in the third quarter of 2023 is driven by growth in household consumption of 5.83% (yoy), consumption of Household Non-Profit Institutions (LNPRT) of 21.17% (yoy), as well as investment of 8.40% (yoy). The increase in household consumption is driven by community mobility which remains high, especially in tourism activities and maintained people's purchasing power. This is reinforced by the results of the Bank Indonesia Consumer Survey, namely the Consumer Confidence Index, which remains recorded at an optimistic level of 106.17 in the third quarter of 2023. "Apart from that, the high level of various preparatory activities for the 2024 General Election will also have a positive impact on LNPRT consumption performance in West Java," he said, Tuesday (7/11/2023). Furthermore, investment realization in West Java until the third quarter of 2023 reached IDR 153.2 trillion, which is also the highest nationally. In terms of the business sector, West Java's economic growth is still positive, supported by increased performance in several sectors, including the transportation and warehousing sector (12.44% yoy), the food and drink accommodation provision sector (7.76% yoy), the construction sector (5 .88% yoy) as well as the wholesale and retail trade sector (4.32% yoy). The positive performance of the construction sector is in line with the construction of several government projects (Japek Sisi Selatan II Toll Road and various dams). "Apart from that, the performance of the construction sector is also supported by private projects that are still ongoing to meet year-end targets," he said. On the other hand, increasing community mobility driven by tourism activities has a positive impact on improving the performance of the transportation & warehousing sector as well as the food & drink accommodation provision sector. This is confirmed by the growth in airplane passengers (Husein Sastranegara & Kertajati Airport) which was recorded at 57% (yoy), an increase from the previous quarter (32.5% yoy). Apart from that, West Java's Room Occupancy Rate (TPK) was 42.83% in the third quarter of 2023, higher than the second quarter of 2023 (38.98%). "This also has an impact on retail sales which drives the performance of the wholesale and retail trade sectors in West Java," he explained. He assessed that in 2023, West Java's economy is expected to continue to grow positively in the range of 4.7-5.5% (yoy). "This optimism is supported by strengthening domestic demand, where people's mobility in 2023 will be higher than the previous year, as well as the momentum of the political safari which has started in the third quarter of 2023," he explained. In the future, synergy and collaboration need to continue to be strengthened, especially alignment of work programs with all stakeholders. According to him, various efforts need to continue to be made to increase domestic economic resilience, including through optimizing the realization of regional spending, encouraging investment promotion, encouraging the acceleration and expansion of digitalization. "Also ensuring the wheels of the economy run smoothly through holding various events/exhibitions to support MSMEs, as well as continuing to encourage the optimization of connectivity infrastructure to increase economic equality in West Java," he said. (SOURCE)
Nov, 28 2023
Bandung (ANTARA) - (Acting) Governor of West Java Bey Triadi Machmudin said that the investment licensing process in West Java could be completed in a maximum of 30 minutes, as desired by President Joko Widodo to boost investment in the region. "Yes, it must be possible, there are indeed notes, but we have to get there, the process should ideally take 30 minutes as directed by the president," said Bey in Bandung, West Java, Tuesday. With the shorter investment licensing process which is almost certainly accompanied by cuts to requirements such as environmental impact analysis (AMDAL), Bey said that this procedure will still exist even with a follow-up document system. If one of the procedures does not pass, even if it is a follow-up document, such as an Amdal document, Bey said that his party will revoke the investment permit. "So it could be an amdal, to set up a company, for example the system is established first, later the amdal still has to be included, so the permission is verbal but the amdal still cannot be passed. If the amdal is not passed it will definitely be revoked," he said. Previously, President Joko Widodo reminded regional heads to be able to attract as much investment as possible, one of which is by making it easier to manage permits. For example, the United Arab Emirates (UAE), he said, is able to facilitate permits in just 30 minutes. "Don't leave it for months. The permission is so that ladies and gentlemen know. In the United Arab Emirates, it doesn't take 30 minutes for it to be finished, it's finished. There aren't 30 minutes for it to be finished, it's finished," said President Jokowi when giving directions at the State Palace at the end of October. . The West Java Investment and One-Stop Integrated Services Service (DPMPTSP) itself noted that investment realization in West Java up to the third quarter of 2023 had reached 81.5 percent of the target set by the Indonesian Ministry of Investment/BKPM of IDR 188.03 trillion. Head of West Java DPMPTSP Nining Yulistiani said that during the third quarter of 2023, namely July to September, West Java investment realization reached IDR 49.5 trillion. "The achievement of West Java Investment realization in the third quarter according to what was released yesterday by BKPM on October 20 2023, cumulatively from January to September 2023, reached IDR 153.2 trillion, which means 81.5 percent of the investment target imposed on West Java has been achieved amounting to IDR 188.03 trillion," said Nining in his voice message in Bandung. Nining said that investment realization in the third quarter of 2023 amounted to IDR 153.2 trillion, up to 19.4 percent higher than in 2022 in the same period which reached IDR 128.3 trillion. (SOURCE)
Nov, 28 2023
Jakarta, CNBC Indonesia - PT HM Sampoerna Tbk (HMSP) has strengthened its position as one of the companies with significant investment value and workforce absorption. This is realized by creating long-term and sustainable value for society and business partners. Sampoerna President Director Vassilis Gkatzelis said that the company, which has been operating for 110 years in Indonesia, continues to adhere to Sustainability Principles which are in line with the Environmental, Social and Governance (ESG) concept. "This framework is integrated into every aspect of our business and activities through the 'Sampoerna for Indonesia' umbrella program to ensure our role in implementing programs that have a real impact on the economy, environmental conservation and society at large," he said in a written statement, Wednesday (22/11/2023). As a company with an investment value of more than US$6.3 billion since 2005, Sampoerna realized additional investment in early 2023 with a new production facility for innovative smoke-free tobacco products in Karawang, West Java with a focus on exports to the Asia Pacific Region and the domestic market. Sampoerna then introduced the latest science and technology-based innovation for smoke-free tobacco products, namely IQOS ILUMA. In the third quarter of 2023, along with its new production facilities, Sampoerna also completed the construction of a world-class Testing and Analysis Laboratory with state-of-the-art facilities, especially for innovative smoke-free tobacco products. "These achievements are an important step in providing smoke-free products developed based on science and technology. Although not risk-free, these smoke-free tobacco products are a better alternative for adult smokers who decide to continue smoking," said Vassilis. The realization of this investment is Sampoerna's effort to support the government's priorities in encouraging investment, increasing exports of high-value finished goods, and industrial downstreaming. "Sampoerna's long-term investment is proof of our confidence in the certainty of the investment and business climate in Indonesia. Sampoerna is realizing its commitment to creating added economic value and social impact by increasing research capacity, developing smoke-free products based on science, absorbing workers with high skills, purchasing supplies local tobacco, empowering MSMEs, operating digital service centers, and increasing export performance," said Vassilis. Dynamics of the National Tobacco Products Industry Furthermore, Sampoerna is trying to maintain its competitive position and overcome pressure in the tobacco industry as a result of the increase in excise rates which is far above inflation, the widening gap in excise rates between Group 1 and the Group segments below which have lower excise rates, as well as the increase in cigarette circulation. illegal. Overall, in the period January to September 2023, cigarette industry volume fell by 5.0% compared to the same period last year. Meanwhile, the Hand-rolled Kretek Cigarette (SKT) segment is starting to show signs of recovery with an improvement in market share, which as of the third quarter of 2023 reached around 27%. "Improvements in SKT's performance have begun to be seen in the last few years after this segment experienced a continuous decline in market share, namely from 37% in 2006 to 17% in 2019," he said. The recovery of the SKT segment is driven by the Government's policy for excise on tobacco products, especially since 2021, which takes into account aspects of labor absorption in the SKT segment. Absorption of Tens of Thousands of New Workers In line with the recovery trend of the SKT segment, Sampoerna as an SKT producer with the Dji Sam Soe and Sampoerna Kretek trademarks, announced plans to absorb tens of thousands of new workers spread across the provinces of East Java, Central Java, Yogyakarta Special Region and West Java for SKT production facilities. . This absorption of labor directly opens up new jobs while creating a multiplier effect for the local community. Vassilis explained that the realization of this plan began with the opening of SKT Sampoerna's new production facilities in Blitar City, East Java, and Tegal Regency, Central Java, which are scheduled to operate in Semester I 2024. Currently, location selection and preparation processes are being carried out in both areas, including employee recruitment plan. "As a company that has been operating for 110 years in Indonesia, the addition of Sampoerna's SKT production facilities through an investment of IDR 638 billion (around US$42 million) will strengthen Sampoerna's SKT portfolio which started in 1913. With the opening of SKT production facilities and the addition of new workers, we "I am optimistic that Sampoerna's steps will increase employment opportunities in the formal sector for local communities while creating a multiplier effect for economic growth and becoming one of the drivers of growth in these regions," he said. "We appreciate the Government's efforts to maintain a conducive and predictable business and investment climate in Indonesia, including policies that encourage the performance of the SKT labor-intensive sector. These efforts have a direct positive impact on job creation in the formal sector and regional economic turnaround which in turn helps improve the economy national," continued Vassilis. He also explained that Sampoerna had reported this plan to the regional head and local related agencies. He hopes that regional and central government support will continue in the form of policies that support the SKT labor-intensive industrial sector. "We express our gratitude for the positive response and support from the local government for our plans to increase workforce absorption in Blitar City and Tegal Regency," Vassilis added. Currently, Sampoerna operates 4 SKT production facilities in Surabaya, Malang and Probolinggo; 2 machine-made cigarette production facilities in Pasuruan and Karawang; as well as 1 innovative smoke-free tobacco product production facility in Karawang. Apart from that, Sampoerna partners with 38 Cigarette Production Partners (MPS) spread across 28 districts/cities on the island of Java. MPS is owned and operated by regional entrepreneurs and/or local cooperatives to produce SKT Sampoerna brands. Sampoerna's total workforce currently reaches more than 76,000 people, directly and indirectly, of which around 90% are workers at SKT production facilities. Apart from the opening of SKT production facilities, he said, there will be additional employment of tens of thousands of new workers carried out by MPS in the provinces of East Java, Central Java, DI Yogyakarta and West Java, as well as the addition of 5 new MPS which will be located in East Java and Java. Middle in Semester I-2024. "In 2024, our partners in producing SKT Sampoerna will be 43 MPS spread across the island of Java. The addition of Sampoerna and MPS production facilities will increase partnerships with regional entrepreneurs/local cooperatives, total employment, as well as increase the absorption of tobacco and clove raw materials "from Indonesian farmers. As is known, using raw materials for handmade cigarettes requires twice as much tobacco and cloves as machine-made cigarettes," explained Vassilis. Vassilis said that Sampoerna consistently supports the welfare of SKT employees. Where currently SKT employees are dominated by women, the majority of whom carry out dual roles as the backbone of the family. "We are proud of the value creation carried out by Sampoerna for 110 years," said Vassilis. He also explained that the continuity of the national tobacco industry depends on a predictable framework. Includes excise policies, tobacco product regulations, and other policies that play a role in encouraging science-based innovation and technology to offer alternative tobacco products for adult smokers. This will have a direct impact on producers, employment, use of tobacco and clove raw materials, and the entire value chain thereby creating economic value at regional and national levels "We hope that the addition of tens of thousands of employees through the opening of the Sampoerna factory in Blitar City and Tegal Regency, the addition of 5 new MPS, as well as the addition of employees to the existing MPS will increase labor absorption in the formal sector and contribute to the regional and national economy. This is "one form of Sampoerna's commitment to the broader value chain ecosystem," said Vassilis. (SOURCE)
Nov, 27 2023
Warta Ekonomi, Bandung - Acting (Pj) Governor of West Java, Bey Machmudin, has stipulated Governor Decree No. 561/Kep/768-Kesra/2023 concerning the Minimum Wage for West Java Province in 2024. Responding to the issuance of the Governor's Decree, APINDO West Java appreciated the Acting Governor of West Java for adhering to legal certainty, namely PP No. 51 of 2023 concerning Wages in determining the amount of the West Java Provincial Minimum Wage (UMP) for 2024. With regard to workers' wishes regarding demonstrations or work strikes, West Java APINDO considers this to be workers' rights and is guaranteed by Law no. 13 of 2003 concerning Employment. "However, it would be better to prioritize social dialogue and deliberation to reach a consensus, both bipartitely between employers and workers and tripartitely between employers, government and workers, so that there is no longer a need to lose productivity due to work strikes or demonstrations," explained Chairman of West Java APINDO, Ning Wahyu Astutik, to journalists in Bandung, Tuesday (21/11/2023) evening. Ning revealed that it is known that currently West Java is intensively carrying out promotions to attract investment, such as in the REBANA area. "Of course we hope that the investment climate will remain well maintained," he stressed. When asked about Labor's statement that before 2015 wage increases could reach 2 digits, he said that the types of investment then and now are different. In the past, there were still many labor-intensive investments that could absorb a lot of labor. Meanwhile, investment is now increasing in value, but it is dominated by capital-intensive ones and prioritization of automation, so that workers who lose jobs in labor-intensive ones and do not have adequate qualifications in capital-intensive ones will find it difficult to get work. Ning reiterated that currently, West Java still needs labor-intensive investment. And with West Java dominated by capital-intensive investment, many factories have closed and many factories have relocated to other provinces. "So PP No. 51 of 2023 is the best for now. So with this legal certainty it is hoped that it can trigger an increase in investment in West Java, especially labor-intensive investment, because we know that of the total national unemployment, West Java contributes 25%, " he explained. After the West Java Governor's Decree regarding the determination of the 2024 UMP, there will then be a discussion about the Regency/City Minimum Wage (UMK). APINDO West Java really hopes that the discussion on UMK can run smoothly and in accordance with applicable regulations, namely PP No. 51 of 2023, and remembering that this is a political year. "I also hope that all parties do not politicize this wage determination process,". (SOURCE)
Nov, 27 2023
Bandung - A total of 36 provinces in Indonesia have announced the 2024 Provincial Minimum Wage (UMP). Determination of the minimum wage refers to Government Regulation (PP) Number 51 of 2023 concerning Wages. From these calculations, there are a number of regions with relatively low percentage increases in the UMP. West Java is even included in the 10 provinces with the lowest UMP increases in Indonesia. West Java's UMP for 2024 was previously set to increase by 3.57% to IDR 2,057,495. This amount is an increase of around Rp. 70,825 from the 2023 UMP which is Rp. 1,986,670. The low size of West Java's UMP is inversely proportional to the large investment value entering Tanah Pasundan. In the last five years, investment realization both domestic and overseas in West Java reached IDR 685.35 trillion. This makes West Java known as the province with the highest investment achievements in Indonesia. In detail, in 2018 IDR 116.96 trillion, in 2019 IDR 116.96 trillion, in 2020 IDR 120.43 trillion. Then in 2021 IDR 136.14 trillion and in 2022 IDR 174.6 trillion. Investment in West Java is even claimed to be increasingly successful in 2023. As of last August, investment realization in West Java had reached IDR 103.6 trillion or more than half of the planned investment target of IDR 188 trillion. Responding to this, UIN Sunan Gunung Djati Bandung economic observer Setia Mulyawan said, looking at the UMP calculation formula with reference to PP 51, the problem with West Java's low UMP is that economic growth has not been strong. "If inflation is high, economic growth is high, the multiplication factor is high, it means that the UMP is definitely high. If the situation is like that in West Java, it means that economic growth is not causing the UMP to increase according to expectations," said Setia when contacted, Friday (24/11/2023). "So the important agenda to be driven in West Java is growth, economic growth," he added. Setia also revealed that the low minimum wage is behind the large investment value in West Java, indicating that the presence of investors has not been able to significantly boost the rate of economic growth. "So far, the claim is that investment is the highest in Indonesia, but this means that the high investment figures have not been boosted, have not become a boosting factor in economic growth. I think that's where the problem lies," said Setia. Even so, he said, it is possible that the effects of investment coming into West Java have not been felt directly. Therefore, a process is needed so that investment can have a direct impact on economic growth in West Java. "Investment doesn't happen immediately when there is investment in West Java, then the growth immediately increases, because it requires a process, what sector the investment is in. There is an initial period of investment, the real sector hasn't moved yet, so it hasn't moved significantly. "It can directly boost economic growth," he stressed. In order for the minimum wage in West Java to increase significantly, Setia said the government must continue to boost the rate of economic growth coupled with maintaining the inflation rate so that people's purchasing power remains high. "The big homework is how this economic growth can grow significantly so that people's purchasing power increases. If it is linked to the UMP, that will be a multiplying factor in determining the provincial minimum wage to be large too," he said. High Investment Due to Low Wages Furthermore, Setia said, the high value of investment entering West Java could be due to the still low minimum wage. Because according to him, the wage burden that must be paid by the company is an important component of an investment. "If the UMP is too high, then people's interest in investing in West Java could also decrease because the workload means it is high, it becomes unattractive because for companies it becomes a cost component, so to speak, a cost component," he explained. "So, with a figure like that, I believe that it is a moderate figure that is a win-win solution, which for entrepreneurs is not too burdensome, but also for workers there is a balancing of purchasing power, because their income is undermined by inflation," he continued. Setia still said, the minimum wage is a main consideration for investors. Moreover, the industry presented is labor intensive and requires a large number of workers. Therefore, the possibility of high investment in West Java because wages are still low could be considered the right thing. "Especially those that are labor intensive, if it is a labor intensive company that employs a lot of people, the UMP will be a main consideration. Because of the large UMP, if there are a large number of employees, the company will certainly not work efficiently," concluded Setia. (SOURCE)
Nov, 27 2023
CIKARANG PUSAT - The Bekasi Regency Government through the One Stop Integrated Services and Investment Service (DPMPTSP) released data on investment realization for Bekasi Regency per quarter III from January - September 2023. From this data, Bekasi Regency still received the title as the region with the highest investment realization in West Java Province, namely worth more than IDR 41.5 trillion. Or to be precise IDR 41,586,299,607,234. Meanwhile, in second place are Karawang Regency and Bogor Regency. Head of the One Stop Integrated Services and Investment Service (PMPTSP) Suhup stated that Bekasi Regency is still the champion at the provincial level in terms of investment realization. Suhup is optimistic that the target given by the West Java Provincial Government in realizing investment in Bekasi Regency of IDR 50 trillion in 2023 can be realized. "To get to the third quarter, we have reached IDR 41.5 trillion. This is extraordinary. In West Java we are still champions. Still far from other cities which are in positions 2 and 3," said Suhup in his office on Tuesday (31 /10/2023). He said that his optimism was not without reason, but because he saw that the investment climate in Bekasi Regency was very good, which encouraged investors to invest in the Bekasi Regency area. Apart from that, efforts to record investment coming into Bekasi Regency are also continuously carried out by companies. "In 2023, Bekasi Regency is targeting approximately IDR 50 trillion. Now the data released by BKPM has been released for the 3rd quarter. According to the target from this province, hopefully by the end of 2023 it can be achieved and we are optimistic, because to this day, investors are interested in come and invest still large capital," he said. According to him, DPMPTSP always urges these investors to continuously report on investments made in Bekasi Regency so that investment realization data collection continues to be updated. He also explained that the highest investment realization for foreign capital was occupied by Japanese investors. "So, Japan has the largest foreign capital. That's almost IDR 10.2 trillion. Second, Singapore is almost IDR 4.7 trillion. Then China is almost IDR 3.9 trillion, then South Korea is almost IDR 2.2 trillion," he said. Responding to the high realization of investment in Bekasi Regency, Suhup hopes that this will be accompanied by more optimal absorption of local labor. However, residents of Bekasi Regency must be able to compete to have skill standards determined independently by existing companies. "That's why we hope that the high realization of this investment will absorb local workers, but companies already have qualification standards to accept workers, this is something we must strive for together," he concluded. From the data released regarding this realization achievement, it is calculated from Foreign Direct Investment (PMA) and Domestic Investment (PMDN) up to the third quarter from January - September 2023. In detail, PMA investment is IDR 27.1 trillion while PMDN is IDR 14.4 trillion. Meanwhile, the highest business sector is occupied by housing, industrial areas and offices, valued at IDR 6.9 trillion, then the motor vehicle industry and other means of transportation sector at IDR 6.5 trillion. In third place is the Metal, Machinery and Electronics Industry sector with IDR 5.4 trillion. Of these three sectors, the first sector absorbs 9,144 workers, the second, 4,302 workers and the third sector 3,409 workers. Then, if we calculate the labor absorption in West Java Province, Bekasi Regency has absorbed around 37,175 workers, while below it is Karawang Regency with 26,125 workers, and Bogor Regency with 23,547 workers. From PMA it absorbs 21,730 workers, and from PMDN it absorbs 15,445 workers. (SOURCE)
Nov, 27 2023
PORTALJABAR, BANDUNG CITY - In an effort to invite investment and business from various sectors to the Rebana area, the Regional Government of West Java Province has assigned the Rebana Metropolitan Area Management Agency to organize the Rebana Expo 2023. The Rebana Metropolitan Area Management Agency is the main facilitator and hub for partnerships between domestic and global markets, opening doors for interested investors and developers. Rebana Expo will take place on November 9-10 2023, consisting of a half-day conference session, dinner event, and field trip. "This event is a business meeting which aims to present the latest developments and vision for the development of the Rebana area," said Head of BP Rebana Bernardus Djonoputro in Bandung City, Monday (23/10/2023). Djonoputro said that the event would invite investors, business actors, area developers, as well as parties networked in Friends of Rebana to participate in shaping the future of the Rebana area. Through Rebana Expo 2023, the West Java Provincial Government is also opening the door to innovative ideas and partnership opportunities that will advance and benefit the Rebana region and West Java as a whole. "At this moment, we will also provide updates on the latest projects in the Rebana area to business actors and investors," said Djonoputro. Apart from that, Rebana Expo also provides the latest information regarding regulations and regulatory support for business people in the Rebana area. This event is also an opportunity for individuals and companies to be involved in promising growth, contributing to the formation of West Java's economic future and making the Rebana area a major investment destination. New economic growth center Djonoputro added that the Rebana area (Cirebon—Kertajati—Patimban) is now entering a new chapter in its journey as a center of promising economic growth for West Java. Presidential Regulation Number 87 of 2021 has provided a strong mandate to accelerate the development of the Rebana and southern West Java areas. The development of the Rebana Metropolitan Area is also included in the National Strategic Project (PSN) and the planning of 13 new industrial-based cities spread across seven districts/cities in West Java, including Cirebon City, Cirebon Regency, Subang Regency, Sumedang Regency, Majalengka Regency, Indramayu Regency, and Kuningan Regency. This is a concrete step in realizing the Rebana Area as a new center of economic growth that will support cities that are higher quality, livable and integrated with world-class infrastructure. (SOURCE)
Nov, 20 2023
Bisnis.com, BANDUNG-- Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, said that West Java is ready to maintain its position as the province with the highest investment realization in Indonesia next year. "We continue to build closer communication, offering various investment potentials and sustainable project opportunities. "So, the attractiveness of every project in West Java can be seen and even attracted by investors," he explained, quoted on Wednesday (8/11/2023). Nining noted that investment realization in West Java up to the third quarter of 2023 had reached 81.5% of the target set by the Indonesian Ministry of Investment/BKPM of IDR 188.03 trillion. According to him, from July to September, West Java investment realization reached IDR 49.5 trillion. Cumulatively from January to September 2023, it reaches IDR 153.2 trillion. "Which means that 81.5% of the investment target imposed on West Java of IDR 188.03 trillion has been achieved," said Nining. Nining said that investment realization up to the third quarter of 2023 amounted to IDR 153.2 trillion, up to 19.4% higher than in 2022 in the same period which reached IDR 128.3 trillion. With Kertajati fully operational, he is optimistic that West Java will become increasingly sexy in the eyes of investors. According to him, for investors, one of the most important reasons to invest capital is good connectivity. "In West Java, there are the most toll road routes, then supported by accessibility which has quite high stability, basic infrastructure for providing energy, (availability of) raw materials and water, West Java is also one of the locations with the most choices," he concluded. (SOURCE)
Nov, 20 2023
PORTALJABAR, KOTA BANDUNG - The Ministry of Investment/BKPM awarded the Regional Government of West Java Province for the best investment service in the Province category in the 2023 Investment Service Award (ALI). ALI is an annual activity organized by the Ministry of Investment as an implementation of Presidential Regulation Number 42 of 2020 concerning Giving Awards and/or Imposing Sanctions to State Ministries/Institutions and Regional Governments. Minister of Investment Bahlil Lahadalia in his report said that the investment realization achievement of the target which is growing every year is the result of the hard work of regional heads delegated through the One Stop Investment and Integrated Services Service (DPMPTSP). “Reaching the 2023 realization target is not an easy job. Specially for DPMPTSP, I would like to thank you. "PTSP is an instrument and front guard in realizing maximum investment services," he said in Jakarta (8/11/2023). Head of the West Java PMPTSP Service, Nining Yuliastiani, really appreciates the gift given by the Ministry of Investment to West Java. "I am very happy that West Java finally received the first best investment service award in the Provincial category. "This is an encouragement for us (DPMPTSP) to improve investment services better and accelerate implementation to try to be faster," he said. The 2023 ALI assessment refers to the implementation of the Risk-Based Online Single Submission (OSS) system in K/L and local governments, which is a mandate from Law Number 6 of 2023 concerning the Stipulation of Government Regulations in Lieu of Law Number 2 of 2022 concerning Job Creation. (CK Law). The results of this performance assessment will then be submitted to the Ministry of Finance for follow-up as a basis for consideration in providing incentive funds to regional governments and budget incentives to K/L. From March to October 2023, a series of ALI 2023 assessment processes have been carried out involving 18 ministries/institutions and 38 provincial governments, 415 districts and 93 cities. The assessment has been carried out by an independent team involving ministries/institutions and related business organizations, consisting of the Ministry of Home Affairs, the Coordinating Ministry for Economic Affairs of the Republic of Indonesia, the Coordinating Ministry for Maritime Affairs and Investment, the Ministry for Empowerment of State Apparatus and Bureaucratic Reform (PAN-RB) , Ministry of National Development Planning/National Development Planning Agency (Bappenas), Cabinet Secretariat, Financial and Development Monitoring Agency (BPKP), Ministry of Investment/BPM, Indonesian Young Entrepreneurs Association (HIPMI), and Regional Autonomy Implementation Monitoring Committee (KPPOD). The following is the complete list of ALI 2023 winners, namely: The Ministry/Agency categories are the Ministry of Transportation (I), the Ministry of Environment and Forestry (II), and the Food and Drug Supervisory Agency (III); The Provincial Government categories are West Java (I), Special Region of Yogyakarta (I), and Maluku The Regency Government categories are Sragen (1), Siak (I) and East Kotawaringin (III); The City Government categories are Surakarta (I), Surabaya (II), and Manado (III). The special category for the Eastern Region of Indonesia is the Government of North Maluku Province, Merauke Regency and Ambon City. (SOURCE)
Nov, 20 2023
Bisnis.com, JAKARTA — President Director of State Electricity Company (Persero) or PLN Darmawan Prasodjo inspected the Cirata Floating Solar Power Plant (PLTS) which is planned for commercial operation at the end of October 2023. The project has an investment of IDR 1.7 trillion. Darmawan said that currently his company is carrying out a number of trials to ensure that the electricity distributed from the PLTS with a capacity of 145 MWac or the equivalent of 192 MWp can be distributed properly. "I want to ensure the readiness of the Cirata floating PLTS to be operational. Currently we are carrying out various trials and ensuring that electricity from PLTS can be distributed properly. "We are optimistic that by the end of October 2023, this PLTS can be inaugurated," said Darmawan as quoted in a press release, Saturday (9/9/2023). Darmawan explained that the Cirata floating PLTS was the result of collaboration between the PLN Nusantara Power subholding and the energy company from the United Arab Emirates (UAE), Masdar. Through collaboration, this project is able to absorb more than 1,400 local workers. By applying sophisticated technology, this PLTS also creates new competencies for PLN. “Earlier I met several personnel, graduates of the best universities in this country. I asked a year ago whether they understood how to build and operate this floating PLTS? They know nothing about this. There are many challenges that must be resolved. "However, we managed to map these challenges," said Darmawan. He said the floating PLTS was located above the Cirata Reservoir, West Bandung, West Java. Spread across an area of 200 hectares built in 13 blocks with more than 340,000 solar panels, this PLTS is capable of producing 245 million kWh of clean energy per year and is capable of electrifying the equivalent of more than 50,000 houses, and will reduce carbon emissions by more than 200,000 tons per year. Meanwhile, with an investment value of IDR 1.7 trillion, this project is able to produce attractive investment returns, increase investor confidence and at the same time answer the challenge of clean energy. "This is also proof that PLN is able to present an attractive investment cooperation scheme so that it has succeeded in encouraging investor interest in developing renewable energy projects in other regions," he said. On the other hand, he ensured that PLN would continue to develop clean energy-based power plants. With clean energy potential reaching 360 GW, PLN is opening a space for investment cooperation for the development of clean energy in the country in realizing the 2060 Net Zero Emissions (NZE) target. On this occasion, Darmawan also launched the use of an electric boat called Nusantara e-Boat. The electric boat is used as an operational vehicle for Cirata floating PLTS officers. The floating PLTS, which is considered the largest in the Southeast Asia region, is supported by syndicated financing from three international banks, Sumitomo Mitsui Banking Corporation (SMBC), Societe Generale and Standard Chatered with a value of around US$140 million. The plan is that the floating PLTS will supply around 245 million kWh of electricity every year. Meanwhile, the electricity tariff set from this solar plant is quite competitive at US$5.8 cents per kilowatt hour (kWh). "This floating PLTS only uses around 25 percent of capacity, meaning we can still add up to 1 gigawatt," he said. The Cirata Floating PLTS will be run by Pembangkitan Jawa Bali Masdar Solar Energi or PMSE, which is a joint venture formed by a consortium of PLN's subsidiary, PT PJB Investasi (PJBI) with a share share of 51 percent with a company from the United Arab Emirates, Masdar with a share share of 49 percent. Previously, President Joko Widodo or Jokowi pushed for a sustainable and mutually beneficial financing scheme to accelerate the energy transition in the Southeast Asia or ASEAN region. Jokowi conveyed this initiative in front of the leaders of Asean member countries and other delegates when opening the Asean Indo-Pacific Forum in Jakarta, Tuesday (5/9/2023). "Sustainable and innovative financing, Asean needs US$29.4 trillion for the energy transition," said Jokowi. This projection comes from research by the International Renewable Energy Agency (IRENA) for the period up to 2050. By then, countries in the Southeast Asia region are expected to have switched 100 percent to renewable electricity generation. Jokowi hopes that each ASEAN country can initiate innovative financing schemes through sustainable and mutually beneficial partnerships to carry out the transition program. (SOURCE)
Oct, 03 2023
Bandung - West Java is a favorite for investors to develop their businesses. This can be seen from the achievements of West Java which has become the most efficient or highest investment destination in Indonesia for 5 consecutive years. In 2022, the investment value in West Java even reached IDR 175 trillion. Meanwhile, this year, the amount of investment coming in in the first semester of 2023 has reached IDR 103.6 trillion. "The investment achievement in West Java has reached 55% of the Provincial Government's target of IDR 188 trillion. As for the first semester of 2023, the investment value in West Java has reached IDR 103.6 trillion," said Head of West Java DPMPTSP Nining Yulistiani in an economic discussion in Bandung, Wednesday ( 2/8/2023). Nining said that the high interest of investors in saving their funds in developing business was because West Java had adequate supporting infrastructure and human resources. In fact, according to him, the wages of workers in West Java are already high. "HR in West Java is high in terms of productivity. So when compared with other regions where wages are lower, investors still prefer to invest here," he said. "The Governor is offering investment door to door. Apart from that, in West Java there are the most toll road routes, then supported by accessibility which has quite high stability, basic infrastructure for providing energy, raw materials and water, West Java is also one of the locations with the most choices," he continued explaining. To support this, the West Java Provincial Government will also hold the West Java Investment Summit 2023 with the aim of offering the potential of West Java to investors, both domestic and foreign. "The agenda we focus on is planning projects for both the Regional Government (Pemda) and the private sector. There they present material to investors," he said. In the same place, academic from the Faculty of Economics and Business (FEB) Padjadjaran University (Unpad) Bayu Kharisma said that regions outside Java are starting to show enthusiasm to attract investors. Based on data from the Ministry of Investment, investment realization outside Java in the first quarter of 2023 contributed more than Java, namely 52.6 percent with a value of IDR 172.9 trillion. The high contribution from outside Java to the total realization of PMA and PMDN in the first quarter shows that the government remains consistent in running the Indonesian-centric economy. "In total, West Java is the champion, but for PMA investment, Central Sulawesi is the highest," he said. Based on location, the five provinces with the largest FDI realization in the first quarter of 2023 were Central Sulawesi amounting to IDR 28.8 trillion. West Java is in second place with investment absorption of IDR 28.1 trillion, followed by DKI Jakarta, Banten and Riau. "West Java investment is dominated by investors from Japan with an investment value of IDR 8.37 trillion for 1,757 projects, followed by China with an investment value of IDR 3.96 trillion for 306 projects," concluded Bayu. (SOURCE)
Sep, 26 2023
PORTALJABAR, KAB. BANDUNG BARAT - The West Java Provincial Government is offering 10 projects that have met the ready to offer requirements to potential investors at the 2023 West Java Investment Summit (WJIS). West Java Governor Ridwan Kamil said the investment worth IDR 70 trillion focused on the green infrastructure sector and downstream industry. "This year we are offering IDR 70 trillion in the form of green infrastructure and 10 locations for industrial downstreaming," said Ridwan Kamil after opening WJIS 2023 at Mason Pine, Kota Baru Parahyangan, West Bandung Regency, Wednesday (9/8/2023). Kang Emil, his nickname, said that the investment realization per IDR 1 trillion was able to absorb a workforce of 1,000 people. This means that if the IDR 75 trillion investment is realized, it will absorb a workforce of up to 75,000 people. "It will absorb a lot of labor, especially in the downstream sector, which previously was a raw export, now the factories are forced to be here, so there will be lots of jobs for the people of West Java," he said. WJIS 2023 is the fifth since it was held in 2019. During these five years, the total investment realization for both PMA and PMDN amounted to more than IDR 800 trillion. Kang Emil said that 2022 would be the largest realization record, namely IDR 174.6 trillion. "Over five years we have delivered more than IDR 800 trillion and last year's record was IDR 174.6 trillion. That's a lot of economic movement in West Java and the investment engine is like gasoline that drives the economy," he said. Kang Emil revealed that there are three reasons why West Java is always the favorite for investors. Firstly, because the infrastructure is the most complete, especially now that nine new toll roads are being built. Second is a responsive bureaucracy. Investors are made easy to manage the licensing process. "From only 8,000 permit applications in 2018, it jumped to 25,000 in 2022 and 2023. This means that we make licensing easier," said Kang Emil. The third reason is that investors are attracted to West Java because of the consistent productivity and work competence of its citizens. High investment in West Java has an impact on increasing economic growth. Last year West Java's economic growth was the best in Java, growing 5.45 percent. In the second quarter of 2023, West Java's economic growth will be above the national average, namely 5.17 percent. "This means that with economic growth and investment always being the highest, whatever we see in West Java is increasing economic activity. Starting from the corporate scale to the poor, we are carrying out inclusive economic development," said Kang Emil. "West Java is the best face of the Indonesian economy. Hopefully at the end of my term it will be remembered that this is a champion province in the economy," he added. In the 2023 WJIS series, West Java Provincial Secretary Setiawan Wangsaatmaja explained to potential investors that the 10 projects being offered included the Special Economic Zone of LIDO, Electric Motorcycle Industry for Electric Vehicles, and Component Industries of Motor Vehicle's Brake System and Suspension System, Airplane Tire Industry from Natural Rubber, and Paracetamol, Clopidogrel and Amoxicillin Medicine Raw Material Industry. Successfully Attracting Investment Meanwhile, Deputy Governor of Bank Indonesia, Yuda Agung, said that WJIS had proven successful in attracting investment to enter West Java. West Java Province has always been a favorite location for investment and is a champion in investment every year. "One of the results of WJIS is the realization of the solar panel project built at the Cirata Purwakarta PLTA," said Yuda. Yuda also added that BI provides conducive macroeconomic guarantees, stability and encourages banks to finance new investments. "It is hoped that this will further trigger investment, especially in West Java," said Yuda. His party is also committed to supporting investment in the renewable energy sector. "We also continue to encourage banks to finance projects offered in WJIS, especially renewable industry," emphasized Yuda. (Source)
Sep, 26 2023
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