PORTALJABAR, KOTA BANDUNG - West Java Diaspora Program Chapter 2 dispatched seven MSME products for export to Australia, Thursday (15/2/2024). Export of MSME products thanks to collaboration between the West Java Cooperatives and Small Business Service and the West Java Regional Secretariat's Government and Regional Autonomy Bureau. The seven MSME products sent to Australia were produced by CV. Samara Micron Saleronell, MSME-based industry in the Holis area, Bandung City. The seven products exported include packaged potato chips with various flavors, as well as traditional Indonesian spices or condiments such as gepuk seasoning, yellow rice, rendang, Padang sauce, soto, plus kebuli rice seasoning. West Java Diaspora itself is a program aimed at increasing the economy and investment in West Java. Even though initially the volume of goods sent was still relatively small, this was a significant step forward for the development of the MSME industry in West Java. This also emphasizes the potential of the diaspora market as a valuable opportunity for MSME business actors. Regarding the economy and investment, the entry of seven West Java MSME products into the Australian market has had a significant positive impact. Moreover, this step is carried out through support and collaboration between the public and private sectors. Marcelina Jasmin Sutisna, founder of Samara Micron, stated that she was very enthusiastic about the opportunity to expand the market overseas. "The collaboration through the West Java Diaspora Forum has opened the door for us to access a wider market, and we hope this is only the beginning of many successes to come for the MSME industry in West Java," said Marcelina. The West Java Provincial Government is committed to continuing to support and strengthen efforts to improve community welfare through developing the MSME sector and promoting exports to foreign markets through the Indonesian Diaspora, by exploring MSME market opportunities in other countries. (SOURCE)
Feb, 22 2024
Bisnis.com, BANDUNG -- The West Java Investment and One-Stop Integrated Services Service (DPMPTSP) launched an Integrated Public Service Center (P3T) to make it easier for MSMEs to process permits. The program was launched involving related agencies in West Java, such as the West Java Regional Office of the Ministry of Law and Human Rights, the West Java Regional Office of the Ministry of Religion, BPOM, and the National Standardization Agency. "Our idea is to create integrated public services and involve vertical agencies which so far have not been captured by districts, cities and other regions," said Head of the West Java Provincial Government's PMPTSP Service, Nining Yulistiani, at the Mason Pine Hotel, West Bandung Regency, Tuesday (13/2/ 2024). For MSME players, certification is important because it can make product quality more trusted by consumers. Through P3T, public services to obtain certification are easier and cut costs. "The public has seen that the old certification service is difficult and has high costs. That stigma will disappear with the existence of this public service," he said. In the future, it is possible that this program will be adopted in 27 other cities and districts in West Java so that it will be easier for people to process permits. This year, it is targeted that more MSME products will be certified so that they are more trustworthy and easier to market. "Last year's integrated service received a response of 1,200 applicants a day who wanted to access it. This is exactly the same as the four institutions involved. From there we can see the real community because they don't know so they don't make the effort," he said. His party will also hold an on-the-spot program in city districts to get closer to the community to provide services. "We will also launch mass integrated services in June and at the end of the year," he continued. At the same location, the Head of the West Java Regional Office of the Ministry of Law and Human Rights, Andika Dwi Prasetya, appreciated the P3T program which had just been launched. Through this program, it will be easier for his party to reach and provide services to the community. "We get access to more closely serve the community for our institutional needs, especially in intellectual property interests," he said. For your information, there are a number of services provided by the West Java Regional Office of the Ministry of Law and Human Rights, namely copyright, patent rights, brand rights, and communal intellectual property. So far, copyright is the sector most frequently submitted by the public. "Now, for halal licensing and national standards, it is mandatory to first register the brand. With this one integrated service point, it will be easier for the public," he said. BPOM itself ensures that the existence of P3T can encourage business actors to take care of permits related to the suitability of food or cosmetic products. Interest in applying for permits will certainly be higher once the P3T service is available. Data on applications for the licensing process at BBPOM POM Bandung in 2023 will reach 363. (SOURCE)
Feb, 22 2024
Liputan6.com, Bandung - Entrepreneurs in the Province of West Java (Jabar) who are members of the Indonesian Entrepreneurs Association (Apindo) admit that they are optimistic about achieving targets like 2023 when they enter the current political year. According to the Chairman of the West Java Apindo Central Management Board (DPP), Ning Wahyu Astutik, this optimism arises based on the realization of business and investment in 2023 in West Java which was able to exceed the target. "The investment coming in (2023) in West Java is more than the target. So I am very happy. Even though this is close to the political year, it turns out that the optimism from entrepreneurs, both PMDN (Domestic Investment) and PMA (Foreign Investment) is extraordinary," said Ning's written statement was Bandung, Friday, February 2 2024. Regarding the current issue of the company being in turmoil, Ning said that so far his party had not received this information. Ning said Apindo does not expect any company to experience turmoil for one reason or another. Especially in the middle of the 2024 election which is currently underway. "There are no leaks. We are trying not to have any relocations. If I were asked like this now, I hope not," said Ning. On the other hand, Ning also explained that labor-intensive companies are currently quite vulnerable to relocation issues. Ning said that there were several companies relocating from West Java from 2022 to 2023. These companies were established in Sukabumi and Purwakarta. "So there are indeed less labor-intensive areas, especially in Karawang," explained Ning. Regarding infrastructure, Ning said, West Java is a province that is quite good and supports investment. "West Java is great, now the infrastructure is better, for example in Patimban. We also see that the Rebana area is starting to develop. In Cirebon there is a lot of investment," he said. Ning also explained that in the last 10 years many companies had been established in West Java, such as in Cirebon there were three large shoe factories. "I said that based on what I saw directly in several areas, especially Cirebon, there are three shoe factories there. If we talk about shoes, that means one factory requires tens of thousands of employees and there are three big ones there," explained Ning. Facing the political year, Ning reiterated that elections were not the first time this had happened, but the business world was still fine. "So entrepreneurs must remain optimistic because it's not just now that elections happen. Every five years there is an election and we are all fine," said Ning. Previously, the Acting Governor of West Java, Bey Machmudin, wanted existing tourism to develop rapidly, especially in the Ciayumajakuning area, which includes Cirebon City, Cirebon Regency, Indramayu, Majalengka and Kuningan. For this reason, Bey met with young people to listen to their aspirations regarding the development of tourist areas in the Ciayumajakuning area. "I want tourism in West Java to develop and listen to the opinions of young people (Bobobox) or those who have a contemporary vision and mission," said Bey on Tuesday (30/1/2024). Bey targets that tourists from outside the region will be the main focus in efforts to develop the West Java International Airport (BIJB) in Kertajati, Majalengka Regency. "Basically, I ask, try where tourism is interesting and if possible, that destination attracts tourists from outside West Java, so use a plane (from Kertajati). I ask that the focus be on Ciayumajakuning to attract tourists to the area because that is also for (development of) BIJB," Bey said. According to data, Bey said that currently the tourist destinations in West Java most visited by tourists are Lembang, Puncak Bogor and Pangandaran. Bey wants in the future, the Ciayumajakuning area to become the new prima donna of tourism in West Java. "From Bobobox data, the busiest ones are Lembang, Puncak and Pangandaran. I ask that Ciayumajakuning also be developed for its tourism potential," said Bey. The West Java Provincial Government wants to collaborate with various parties in an effort to increase tourism in West Java to obtain Regional Original Income (PAD) from this sector. "Essentially, we want to collaborate with all parties so that West Java's tourism potential is truly accommodated because there is everything here, from the beaches to the mountains," he said. "We are starting to think about PAD from the tourism sector. So anticipate from now on, don't let us confuse ourselves in finding sources of PAD," explained Bey. Quoting the Regional page Liputan6.com, the West Java Government is targeted by the Indonesian Government to increase the number of investments compared to the previous six year period. According to the Acting Regional Secretary (PJ) of West Java Province, Taufiq Budi Santoso, one of the strategies to increase this investment is to provide a conducive climate for investors. "As ordered by the central government, we are targeted to increase investment in West Java to between Rp. 247-Rp. 250 trillion. So if we see that investment, it is important for us to encourage and facilitate and prepare a conducive climate," said Taufiq, Bandung. , Tuesday, January 30 2024. Taufiq added that investment is an important part of forming Gross Regional Domestic Product (GRDP) in the West Java region. The reason is that investment is actually an important part of the formation of GRDP apart from consumption, government spending, exports and imports. Taufiq hopes that the targets set by the Indonesian Government can be realized. "For this reason, the West Java Provincial Government is trying as hard as possible together with all districts and cities to provide licensing services for this investment," said Taufiq. Meanwhile, Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, said that there are several things to focus on in increasing investment. Nining detailed that there are three focuses for economic improvement that can be driven to increase investment in West Java Province. "Our focus is to increase investment, namely renewable and technology-based infrastructure, tourism and downstreaming," said Nining. Nining is optimistic that the investment targeted by the Indonesian Government through the Ministry of Investment/BKPM to the West Java Government can be realized. Nining explained that West Java's investment amount was around IDR 247 trillion-IDR 250 trillion, which would be the national target. "We are optimistic that we can achieve that, seeing that every year we can exceed the target and of course because West Java has many things that support increased investment," said Nining. Nining added that West Java investment realization in 2023 would reach IDR 210.6 trillion, above the target given of IDR 188 trillion. The top five districts and cities with the largest investment are Bekasi Regency IDR 61.21 trillion, Karawang Regency IDR 45.86 trillion, Bogor Regency IDR 15.18 trillion, Purwakarta Regency IDR 14.88 trillion, and Bekasi City IDR 12.3 trillion. "Investment in West Java, especially the Rebana (north) and Arumanis (south) areas, continues to increase. From 2021 to 2023, total investment in the Rebana Metropolitan area will reach IDR 50.11 trillion. Meanwhile in the Arumanis area it is worth IDR 27.3 trillion," said Nining. Apart from PMDN (domestic investment), foreign investors targeting West Java also continue to increase. In 2023, foreign investors entering West Java will reach IDR 122.6 trillion. Specifically for foreign investment, Japan was the highest contributor with an investment value of IDR 26.65 trillion. Other countries are Singapore, China, South Korea and Malaysia. Meanwhile, Deputy Chief Representative of Bank Indonesia, Bambang Pramono, added that investment realization in West Java which always exceeds targets shows the success of the West Java Provincial Government in preparing its potential. "What is being offered is very popular and has potential so it has succeeded in attracting investment," he said. Bambang emphasized that investment must be more spread out not only in the northern region, but also to the south of West Java. West Java also has the potential to develop a sharia economy and a green economy or renewable energy. Bambang said that success in creating a harmonious investment climate is the key to the realization of West Java investment which will accelerate in 2023 and must be continued. Apart from that, high investment realization also plays an important role in driving West Java's economic growth in line with the Incremental Capital Output Ratio (ICOR) value which is relatively stable from year to year. "All stakeholders related to investment in West Java also need to actively carry out various proactive and innovative efforts in identifying potential projects that are currently of interest to foreign investors, especially for potential investors who are looking for safe and comfortable investment fund placement options," explained Bambang. The West Java government was recorded as successful in recording investment realization throughout 2023 of IDR 210.6 trillion, or 112 percent of the target set by the Ministry of Investment. This achievement also had a significant impact on the economy of West Java along with the total employment of 253,424 people, with the number of Investment Activity Reports (LKPM) amounting to 94,469 LKPM. With these achievements, supported by maintained household consumption and the performance of leading economic sectors, West Java's economic growth in 2023 is estimated at 4.7-5.5 percent (yoy). In early January 2024, during the six years from 2018-2024, the investment realization achieved by West Java Province (Jabar) reached IDR 838.81 trillion with a workforce absorption of 856.3 thousand people. Nining Yuliastiani previously said that with this achievement, development could continue. "In the past six years, West Java has become number one in Indonesia and that was the position, thank God, last year 2023, we were rewarded by BKPM for being the best province in Indonesia providing investment services," said Nining, quoted from the Jabarprov TV Bandung Youtube account, Wednesday , January 10, 2024. Nining said investment was the most important driver for development. Therefore, investment development must continue. Nining said that West Java Province was superior in achieving investment realization in Indonesia for six consecutive years. Even so, we must continue to explore the various potentials we have to create new sectors. "Looking at what happens in 2023, there are many things to evaluate in developing the investment ecosystem in West Java," said Nining. Nining said that his party had taken a stance to provide solutions to the challenges that would be faced in the following year, such as geopolitical tensions, climate change, future pandemics, and digitalization. He admitted that the future conditions would not be easy to increase the investment that would be brought in. "In 2024, West Java will focus on encouraging the development of renewable-based downstream industries in West Java and encouraging the implementation of the Green Economy in West Java," said Nining. Nining said that West Java is not enough just to promote the various potentials that exist to attract investors. Nining emphasized that the presence of quality human resources (HR) is one of the keys to investment development. "The quality of human resources is an asset that becomes an investment, a good human resources position will become a component of economic activity in West Java, and become material for promoting investment assets. Let's work together to support quality investment," said Nining. Nining added that West Java's major investment achievements in 2023, both the realization of Foreign Investment (PMA) and Domestic Investment (PMDN), will continue to be encouraged in 2024, especially if supported by infrastructure and ease of licensing services. "This will certainly have an impact on better labor absorption," said Nining. (SOURCE)
Feb, 22 2024
PORTALJABAR, KOTA BANDUNG - Acting The Mayor of Bandung, Bambang Tirtoyuliono, confirmed that he would continue to support Bandung City's micro, small and medium enterprises (MSMEs) to be able to compete. Not only local but also global. One effort to be able to compete is through digitalization by MSME players. According to him, the role of digitalization is one of the most important strengthening aspects in increasing business scale and sales. "I am committed to providing full support in creating an environment that supports sustainable economic growth," said Bambang at the All Things Digital Literacy (Cereal) event with the theme "Become an Indonesian Top Seller!" (30/1/2023). The event was organized by the Bandung City Government, Ministry of Trade, Lazada Indonesia and Lampu.id. Bambang said that MSMEs must continue to adapt to every change that occurs. Especially with the increasingly rapid increase in globalization and digitalization. "The goal is to become the Indonesian Next Top Seller and make a positive contribution to the local economy," he said. He explained that the Bandung City Micro, Small and Medium Enterprises Cooperative Service recorded that there were 10,181 MSMEs. This number consists of culinary as much as 40.9 percent, services (10.1 percent), handicrafts (6.7 percent), fashion (16 percent), and others (26.2 percent). "From this total, it is able to absorb 26,226 workers, with a turnover of around IDR 1.3 trillion. We will support the success of every business actor, especially with confidence," he said. Lazada Indonesia's Vice President of Government Relations, Budi Primawan, said that the economy in the city of Bandung is growing very rapidly. Even during the pandemic, business actors were able to use technology to open businesses. "It's extraordinary that during the COVID-19 pandemic, people who wanted to open a business were able to use digital technology," he said. He hopes that current business actors who are taking part in the activity will be able to implement it well, so that it can be implemented and generate potential increased profits. "I hope to be able to produce great potential, and that it can be utilized so that entrepreneurs can strengthen their respective businesses," he said. In the same place, the Director of Electronic Systems Trading and Services Trading, Ministry of Trade of the Republic of Indonesia, Rifan Ardianto appreciated the Bandung City Government and Lazada Indonesia for the development of the electronic systems trading or e-Commerce ecosystem. "We can recognize the importance of strengthening brands in MSME production in Indonesia," he said. (SOURCE)
Feb, 06 2024
Investment realization in Banten Province in 2023 reached IDR 103.85 trillion or realized 173 percent above the 2023 target. Due to this achievement, Banten Province is in the top five nationally. This achievement far exceeds the target of the 2023-2026 Regional Development Plan (RPD), which targets an investment achievement of IDR 60 trillion, and the Central Government has set an investment target for Banten of IDR 82.97 trillion. Head of the Banten Province One Stop Investment and Integrated Services Service (DPMPTSP), Virgojanti, said that the realization of this amount consisted of Domestic Investment (PMDN) amounting to IDR 37.97 trillion or 36.5 percent and Foreign Investment (PMA) amounting to IDR 65.88 trillion or 63.3 percent with a total of 42,384 projects. "Indonesian workers absorbed from January to December 2023 are 123,515 people. "There was an increase of 43.93 percent compared to 2022 of 54,266 people," said Virgojanti, Wednesday (31/1/2024). Virgojanti continued, the investment achievement was based on the largest regencies and cities, Cilegon City Rp. 38.63 trillion, Tangerang Regency Rp. 29.69 trillion, Tangerang City Rp. 14.99 trillion, Serang Regency Rp. 10.29 trillion, South Tangerang City Rp. 7.45 trillion, Lebak Regency IDR 1.66 trillion, Pandeglang Regency IDR 793 billion and Serang City IDR 350 billion. "The largest realization of PMA investment came in Cilegon City, IDR 36.94 trillion, while for PMDN in Tangerang Regency it was IDR 16.69 trillion," he said. Virgojanti said, there are five leading sectors with the largest investment realization achievements, both PMA and PMDN, namely the chemical and pharmaceutical industry amounting to IDR 31.92 trillion. Housing, industrial and office areas Rp. 18.49 trillion. Electricity, Gas and Water IDR 9.12 trillion. Transportation, Warehouse and Telecommunications IDR 7.23 trillion and other services IDR 6.57 trillion. The largest sector for PMA is the chemical and pharmaceutical industry amounting to IDR 30.11 trillion with a total of 793 projects, while the largest sector for PMDN is housing, industrial areas and offices amounting to IDR 10.45 trillion with a total of 1,767 projects. "Meanwhile, the five countries based on PMA investment sources are Malaysia at US$ 1,776 thousand, South Korea at US$ 709 thousand, Singapore at US$ 671 thousand, Japan at US$ 416 thousand and Hong Kong, China at US$ 273 thousand," he explained. Virgojanti revealed that Banten Province's investment achievements, which are in the top five nationally, are based on a release from the Ministry of Investment on January 24 2024, in the following order: The first position was achieved by West Java Province with an investment value of IDR 210.6 trillion Secondly DKI Jakarta is IDR 166.7 trillion East Java IDR 145.1 trillion, Central Sulawesi with investment value reaching IDR 112 trillion Banten Province with investment value reaching Rp. 103.8 Trillion. "The efforts carried out by DPMPTSP in realizing investment achievements always pay attention to several aspects such as promotion and cooperation aspects, licensing service aspects, data and information aspects and control aspects," he concluded. Promotion and collaboration aspects include conveying information about investment opportunities in Banten to business actors/the wider community through various promotional media (print media, electronic media and social media), carrying out business gatherings with business actors with more specific themes, facilitating prospective foreign investors who are interested in investing in Banten Province, prepare promotional materials for IPRO investment opportunities, facilitate cooperation between large businesses and micro, small and medium enterprises. Then the licensing service aspect includes providing Standard Operating Procedures (SOP) for licensing both Online Single Submission (OSS) and Open Licensing Information System (SIPEKA), facilitating solutions to obstacles to licensing applications (Licensing Clinic), maintaining the quality of licensing services according to ISO-9001 year 2015 and ISO-27001 2013, facilitating complaints related to the licensing process. "Furthermore, the data and information aspects include reviewing the potential for new investment in Banten, preparing a General Regional Investment Plan (RUPMD), processing data on licensing and investment realization for feedback on promotional activities, developing SIPEKA," he said. The last is the control aspect which includes dividing the Province's investment realization targets into each Regency/City; shortlist a minimum of 200 PMDN companies that will be provided with coaching, monitoring and supervision. Proposing PMDN companies at the provincial level to collaborate with MSMEs. Then make a list of company proposals that will be facilitated if there are problems, carry out monitoring/socialization to MSME business actors so that MSME business actors can submit Investment Activity Reports (LKPM), carry out a LKPM review through the OSS system and recapitulate the LKPM that has been reviewed as material. consideration, coordinating with relevant regional apparatus organizations in carrying out routine supervision, escorting and facilitating the resolution of problems of business actors who are hampered in submitting LKPM due to not yet migrating, adjusting investment value, verifying PKKPR or other factors. "As well as intensive coordination with Regency/City DPMPTSP to obtain a Building Approval (PBG) permit which has been issued to identify potential realization of property/real estate projects," he concluded. Virgojanti also did not forget to thank the Acting Governor Al Muktabar who always provides guidance regarding investment services through licensing instruments as well as the compact collaboration with the Banten Provincial Rekomtek Team which consists of Regional Apparatus Organizations (OPD) related to licensing and the Regency/Regency Government. Cities throughout Banten Province which together support the creation of a conducive investment climate in the Banten region. "This investment performance achievement is our collective performance. We hope that we can maintain it and continue to improve it. "This also indicates that Banten Province has good competitiveness as an investment destination for both PMA and PMDN," he concluded. (SOURCE)
Feb, 06 2024
Bandung - The tourism potential stored in the Ciayumajakuning area (Cirebon, Indramayu, Majalengka, Kuningan) has made Acting Governor of West Java Bey Machmudin pay special attention. Bey optimistically believes that tourism in Ciayumajakuning can develop rapidly and become the new star of West Java. To make this happen, Bey is collaborating with young people to accommodate aspirations related to tourism development in Ciayumajakuning. "I want tourism in West Java to develop and listen to the opinions of young people (Bobobox) or those who have a contemporary vision and mission," said Bey at Gedung Sate, Bandung, Tuesday (30/1/2024). Bey targets that tourists from outside the region will be the main focus in efforts to develop the Ciayumajakuning area. He said the existence of the West Java International Airport (BIJB) could support this plan. "Basically, I ask, try where tourism is interesting and if possible, that destination attracts tourists from outside West Java, so use a plane (from Kertajati). I ask that the focus be on Ciayumajakuning to attract tourists to the area because that is also for (development of) BIJB," he said. Currently, Bey continued, tourists still choose the Lembang, Puncak Bogor and Pangandaran areas as tourist destinations in West Java. In the future, Bey wants the Ciayumajakuning area to become the new prima donna of tourism in West Java. "From Bobobox data, the busiest ones are Lembang, Puncak and Pangandaran. I ask that Ciayumajakuning also be developed for its tourism potential," said Bey. Apart from developing tourism in Ciayumajakuning, Bey revealed that the West Java Provincial Government is also working to increase tourism in West Java as a contributor to Regional Original Income (PAD). "Essentially, we want to collaborate with all parties so that West Java's tourism potential is truly accommodated because there is everything here, from the beaches to the mountains," he said. "We are starting to think about PAD from the tourism sector. So anticipate from now on, don't let us confuse ourselves in finding sources of PAD," concluded Bey. (SOURCE)
Feb, 06 2024
Warta Ekonomi, Bandung - Bank Indonesia West Java Provincial Representative Office predicts that economic growth in West Java in 2024 will reach 4.9 percent - 5.7 percent year on year. Head of West Java BI Representative Erwin Gunawan said this must be immediately responded to with optimism. However, he also invited all stakeholders to remain vigilant in facing various challenges in 2024. "In 2024 we must be optimistic but remain vigilant," said Erwin to journalists after attending the launch of the 2023 Indonesian Economic Report (LPI) in Bandung, Wednesday (31/1/2024). Erwin also appealed to all parties to continue to work together in various ways to realize West Java's economic growth in 2024. "Hopefully with synergistic collaborative efforts together we can realize economic growth in the range of 4.9 - 5.7 percent year on year," he said Erwin said that the 2024 political year would increase consumption so that it would have a positive impact on West Java's economic growth. "Historically, election activities will have a positive impact on the economy. Moreover, in West Java, apart from the presidential election in February, it will also be followed by regional elections in November. Of course it will increase consumption in society," he explained. Erwin added that increasing consumption and demand in society must be balanced with controlling inflation through synergy and collaboration with related parties, including the West Java Provincial Government. "Increased consumption will also occur as the celebration of religious holidays approaches which coincides with the presidential and gubernatorial elections," he said. Meanwhile, Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, appreciated the collective work of Bank Indonesia West Java Representatives which has encouraged West Java's economy to remain stable during 2023. "I think this theme is very relevant to what is happening in West Java. The human development index is increasing, thank God we can reduce the unemployment rate," said Taufiq. Apart from that, during 2023 the number of people in the underprivileged category in West Java will decrease, accompanied by incomes that continue to increase slowly. "The poor population in West Java may decrease, per capita income will also increase," he said With regard to investment, West Java is at the forefront with a realization achievement of IDR 210.6 trillion during 2023 or reaching 112 percent. "Investment in West Java recorded investment realization reaching IDR 210.6 trillion, reaching 112 percent," he said. Entering 2024, he said that the West Java Provincial Government is determined to strengthen several strategic sectors to bring prosperity to the people of West Java. "In 2024 the provincial government will strengthen strategic sectors, education, infrastructure and human resources, so that economic growth can be achieved with the quality of life of the community," he concluded. (SOURCE)
Feb, 02 2024
Bandung, Sonora.ID - In 2023, the investment value in West Java will increase quite significantly, namely IDR 210.6 trillion, or an increase of 112 percent from the target set by the Ministry of Investment. This also had a significant impact on the economy of West Java, along with the total employment of 253,424 people, with the number of Investment Activity Reports (LKPM) amounting to 94,469 LKPM. With these achievements, coupled with maintained household consumption and the performance of leading economic sectors, West Java's economic growth in 2023 will grow by 4.7-5.5% (yoy). Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate was the key to realizing West Java investment soaring in 2023. "There is a necessary condition in creating a conducive and trustworthy investment climate for investors," said Bambang after being a resource person at the Bewara West Java (Beja) event at Gedung Sate, Bandung City, Tuesday (30/1/2024). Apart from that, continued Bambang, high investment realization also plays an important role in encouraging West Java's economic growth in line with the Incremental Capital Output Ratio (ICOR) value which is relatively stable from year to year. According to him, policy makers and stakeholders in West Java need to make various proactive and innovative efforts in identifying potential projects that are currently of interest to foreign investors, especially for potential investors who are looking for safe and comfortable investment fund placement options. Meanwhile, Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, at the opening said, the positive achievement of West Java investment was the result of synergy, commitment and support from all parties, including the West Java Provincial Government together with Bank Indonesia West Java. "This achievement also gives a message to the public that investment is one of the driving forces of the economy in West Java. However, in the future, the realization of this superior investment, in addition to competitive ones such as the West Java International Airport, requires efforts to be made evenly distributed throughout the region. West Java," said Taufiq Budi. According to Taufiq Budi, this is also in line with the investment distribution map in West Java which is concentrated in the northern part such as Kab. Bekasi (25%) to Kab. Karawang (22%). Welcoming 2024, West Java Province is optimistic about achieving the national investment realization target which is set to increase by 17.9%. In achieving this target, synergy between stakeholders regarding investment in West Java will be increasingly strengthened. Furthermore, downstream policies are also directed at industries based on regional potential and leading sectors in order to create more jobs and increase the competitiveness of MSMEs in the global value chain. With investment performance and support from domestic demand remaining strong in line with increasing community mobility and the high multiplier effect of the political year on the aggregate economy, West Java's economic growth in 2024 is predicted to remain high and be in the range of 4.9% - 5.7% ( yo). (SOURCE)
Feb, 02 2024
PORTALJABAR, KOTA BANDUNG - Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, appreciated the collective work of Bank Indonesia West Java Representatives which has encouraged West Java's economy to remain stable during 2023. Taufiq said this when giving a speech at the launch of the 2023 Indonesian Economic Report with the theme 'Synergy to Strengthen National Economic Resilience and Revival' at the West Java Representative Office of Bank Indonesia, Wednesday (31/1/2024). "I think this theme is very relevant to what is happening in West Java. The human development index is increasing, thank God we can reduce the unemployment rate," said Taufiq. Not only that, during 2023 people who fall into the underprivileged category in West Java will decrease accompanied by incomes that continue to increase slowly. "The poor population in West Java may decrease, per capita income will also increase," he said. For investment matters, West Java is at the forefront with a realization achievement of IDR 210.6 trillion during 2023 or reaching 112 percent. "Investment in West Java recorded investment realization reaching IDR 210.6 trillion, reaching 112 percent," he said. Entering 2024, Taufiq said that the West Java Provincial Government is determined to strengthen several strategic sectors to bring prosperity to the people of West Java. "In 2024 the provincial government will strengthen strategic sectors, education, infrastructure and human resources, so that economic growth can be achieved with the quality of life of the community," he said. Taufiq expressed his gratitude to Bank Indonesia West Java Representatives who have helped the West Java Provincial Government and 27 districts/cities with the aim of welfare for the community. "Hopefully this will continue. We can develop a more evenly prosperous society that we can achieve together," concluded Taufiq. Meanwhile, Head of Bank Indonesia West Java Representative Erwin Gunawan Hutapea said that economic growth in West Java in 2024 would reach 4.9 percent - 5.7 percent year on year. This must be immediately addressed with optimism. However, Erwin invited all stakeholders to remain vigilant in facing various challenges in 2024. "In 2024 we must be optimistic but remain vigilant," he said. For this reason, he asked all parties to continue to work together in various ways to realize West Java's economic growth in 2024. "Hopefully with synergistic collaborative efforts together we can realize economic growth in the range of 4.9 - 5.7 percent year on year," concluded Erwin. (SOURCE)
Feb, 02 2024
Bandung, Sonora.ID - The Provincial Government (Pemprov) is targeting the investment value in West Java (Jabar) in 2024 to increase compared to the investment value achieved in 2023. Daily Executive (Plh) West Java Regional Secretary (Sekda) Taufiq Budi Santoso, after opening the Bewara West Java (Beja) event at Gedung Sate, Tuesday (30/1/2024) said that the investment target in West Java in 2024 is IDR 250 trillion. "In 2023, the investment value in West Java will be IDR 210 trillion, this year the target is IDR 250 trillion," said Taufiq Budi to the media. "For this reason, we must optimize development in various infrastructure so that the target value of investment entering West Java is achieved," said Taufiq. Taufiq said that development of various infrastructure would be accelerated, such as the construction of waste processing facilities in Nambo, Lengok Nangka and Cirebon Raya. "Then there are also DJs from Bekasi, Karawang and Purwakarta," said Taufiq. Apart from that, said Taufiq, sustainable development is also carried out in the transportation sector. "Other developments that we are preparing include transportation facilities, such as railways. For Greater Bandung, we can confirm the funding, whether it will be blended finance between PPP and APBN and APBD funding sources, we are also preparing this," said Taufik. "Then also the supporting facilities for Kertajati Airport. We also have to optimize this. Hopefully this can become an outlet and inlet using flights or air transportation," explained Taufiq. "We are also optimizing Patimban Port for sea transportation, and hopefully this will become an outlet and inlet for West Java," he added. Taufiq also said that West Java Province, with an investment target of IDR 250 trillion this year, must also be encouraged with various supporting facilities so that this target can be achieved. Meanwhile, Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, said that West Java has always been an investment champion. Where for 5 consecutive years the investment target can be achieved. "In 2023 alone, investment in West Java will reach 210 trillion. This number will increase by 112 percent compared to 2022," said Nining. Nining said, one of the efforts made by the West Java Provincial Government to achieve investment targets was to provide easy licensing services for investment. Nining also said that in West Java there are four things that are the focus for increasing investment, namely infrastructure for tourism, downstream and renewable energy, and technology-based investment. "There are four things that are the focus of development to support this investment achievement, namely tourism infrastructure development, downstreaming, renewable energy and technology-based ones, because there is also a lot of capital-intensive industrial investment entering West Java," said Nining. Nining also said that the investment sector in West Java is still in the metal industry, transportation, energy, processed food and beverages and housing. "So far investment in West Java is quite evenly distributed, both in the Central, North, South and East regions," he concluded. (SOURCE)
Jan, 31 2024
REJABAR.CO.ID, BANDUNG --- The West Java Provincial Government (Pemprov) continues to boost investment targets. In 2024, the West Java Provincial Government targets the investment value to exceed last year's realization. According to the Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, by 2024 the national investment target will reach IDR 1,650 trillion. Specifically for West Java, the investment value is targeted at around 14-15 percent of the national level. "And that is nominally around IDR 247 trillion to IDR 250 trillion for the 2024 target, even though this has not been released by BKPM," said Nining at the Bewara Jabar (Beja) event with the theme West Java Investment Report 2023 And Economic Outlook 2024 at Gedung Sate, Tuesday (30/1/2024). For investment achievements in 2023, said Nining, from the BKPM target of IDR 188.03 trillion, West Java managed to pocket an investment value of IDR 210.6 trillion. This figure is the highest achievement. "This means 112 percent of the existing target. And this is the highest achievement in West Java," he said. When asked whether the 2024 target would be achieved under the conditions of the 2024 elections, Nining felt optimistic that he could meet the target by collaborating with various parties in West Java. "We remain optimistic about the efforts that have been made in synergy and collaboration. It will not be possible for us to complete whatever the target is if there is no collaboration and communication with various parties," he explained. Nining explained that there are several sectors that the West Java Provincial Government will focus on to attract investors to invest their capital in West Java. Namely, starting from the infrastructure sector, tourism, to technology. "For West Java there are four things that will be the focus of increasing investment, infrastructure, downstream tourism and technology and there are also many things that come to us that are capital intensive," he said. In the same place, Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate is the key to the realization of West Java investment which will accelerate in 2023. This is a necessary condition in creating a conducive and trustworthy investment climate for investors. Apart from that, he said, high investment realization also plays an important role in driving West Java's economic growth along with the value of the Incremental Capital Output Ratio (ICOR) which is relatively stable from year to year. Therefore, all stakeholders related to investment in West Java must actively carry out various proactive and innovative efforts in identifying potential projects that are of interest to foreign investors. "Especially for potential investors who are looking for safe and comfortable investment fund placement options," he said. Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, investment is one of the driving forces of the economy in West Java. However, in the future, efforts must still be made for equality throughout the West Java region. This is in line with the investment distribution map in West Java which is concentrated in the northern part, such as Bekasi District (25) to Karawang District (22). (SOURCE)
Jan, 31 2024
Warta Ekonomi, Bandung - West Java was recorded as successful in recording investment realization throughout 2023 of IDR 210.6 trillion, or 112% of the target set by the Ministry of Investment. This achievement also had a significant impact on the economy of West Java along with the total employment of 253,424 people, with the number of Investment Activity Reports (LKPM) amounting to 94,469 LKPM. With these achievements, supported by maintained household consumption and the performance of leading economic sectors, West Java's economic growth in 2023 is estimated at 4.7-5.5% (yoy). Deputy Chief Representative of Bank Indonesia for West Java Province, Bambang Pramono, said that success in creating a harmonious investment climate is the key to the realization of West Java investment which will accelerate in 2023. "This is a necessary condition in creating a conducive and trustworthy investment climate for investors," Bambang told reporters after taking part in Bewara Jawa Barat (BEJA) Vol. 2 with the theme "West Java Investment Report 2023 and Economic Outlook 2024" at Gedung Sate, Bandung City, Tuesday (30/1/2024). Apart from that, high investment realization also plays an important role in driving West Java's economic growth along with the value of the Incremental Capital Output Ratio (ICOR) which is relatively stable from year to year. Therefore, all stakeholders related to investment in West Java also need to actively carry out various proactive and innovative efforts in identifying potential projects that are currently of interest to foreign investors, especially for potential investors who are looking for safe and secure investment fund placement options. comfortable. However, said Bambang, in the future the realization of this superior investment, in addition to competitive ones such as the West Java International Airport (BIJB), it is necessary to make equal distribution efforts throughout the West Java region. "This is in line with the investment distribution map in West Java which is concentrated in the northern part, such as Bekasi Regency (25%) to Karawang Regency (22%). "Welcoming 2024," he said. According to him, West Java Province is optimistic about achieving the national investment realization target which is set to increase by 17.9%. In achieving this target, synergy between stakeholders regarding investment in West Java will be further strengthened. Various investment acceleration programs will also focus on improving sustainable investment policies, competitive investment services and incentives, as well as focusing on value-added and green investment-oriented investments. Bambang added that the downstream policy is also directed at industries based on regional potential and leading sectors in order to create more jobs and increase the competitiveness of MSMEs in the global value chain. "With investment performance and support from domestic demand remaining strong in line with increasing community mobility and the high multiplier effect of the political year on the aggregate economy, West Java's economic growth in 2024 is estimated to remain high and be in the range of 4.9% – 5.7% (yoy)," he explained. Meanwhile, Acting Regional Secretary of West Java Province, Taufiq Budi Santoso, said that the positive achievement of West Java investment was the result of synergy, commitment and support from all parties, including the West Java Provincial Government together with Bank Indonesia West Java. "This achievement also provides a message to the public that investment is one of the driving forces of the economy in West Java," he said. On the same occasion, Head of the West Java Province One Stop Investment and Integrated Services Service, Nining Yulistiani, said that nationally, Singapore is the largest investor in Indonesia. Meanwhile, for West Java Province, Japan still dominates investment with a value of IDR 26.65 trillion with more than 6,900 projects. Next followed by Singapore, China, South Korea, Malaysia and the Netherlands. Meanwhile, several large companies investing in West Java include foreign investment (PMA) such as KCIC with an investment of more than IDR 21 trillion, PT Indah KIA, Elkrim Power (an electric vehicle battery company), Toyota Indonesia and Satellite Nusantara Giga. "Meanwhile, PMDN is for industrial areas such as Lippo Cikarang, Jasa Marga, food and beverage industries such as Mayora and Gunung Raja Paksi TBK," he said. He added that investment realization in the Rebana area was quite high, namely IDR 17.38 trillion, higher than in 2022. "Meanwhile, investment in South West Java continues to increase. Investment is IDR 11.8 trillion," he said. The performance of MSEs in West Java also shows a positive trend with the realization of investment of IDR 48.1 trillion with 700 thousand projects "Of course this is a source of high employment because these MSEs are labor intensive," he concluded. (SOURCE)
Jan, 31 2024
Bisnis.com, BANDUNG -- West Java Province is again ranked first in investment realization in 2023 with a realized value of PMA and PMDN investment of IDR 210.6 trillion. Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, said this figure reached 112%, exceeding the given target of IDR 188 trillion. "Investment realization in 2023 will increase by 20.64% compared to the previous year of IDR 174.58 trillion with total employment in the January-December 2023 period reaching 253,424 people," he said at the BEJA event, Gedung Sate, Bandung, Tuesday (30/1 /2024). Nining said that West Java is still a destination for investors to invest in Indonesia, this is shown by the value of West Java investment realization which is always ranked first nationally. "In 2023, the realization of foreign investment in West Java will reach IDR 122.6 trillion or around 16.5% of the realization of national PMA. Meanwhile, the realization of domestic investment will reach IDR 88 trillion (13% of the realization of national PMDN)," he explained. According to him, the housing, industrial & office areas sector is the sector with the largest investment realization in the PMDN category with an investment value of IDR 20.27 trillion. "The Transportation, Warehouse & Communication sector is the sector with the largest investment realization in the PMA category with an investment value of IDR 29.49 trillion," he said. Nining admitted that this realization was encouraging because the composition of PMA and PMDN throughout 2023 was not too far apart. Nining also emphasized that the role of MSEs as investment contributors is increasingly significant. "UMK reported that their investment realization reached 48%," he said. (SOURCE)
Jan, 31 2024
Kabupaten Bandung (ANTARA) - The Regency Government (Pemkab) of Bandung, West Java, recorded that the realization of capital investment in the area reached IDR 30.30 trillion in 2023, exceeding the target set at IDR 28.7 trillion. Bandung Regent Dadang Supriatna said investment in Bandung Regency throughout 2022 reached IDR 29.4 trillion or exceeded the target set at IDR 27.8 trillion. "Investment entering Bandung Regency, both domestic investment (PMD) and foreign investment (PMA), continues to increase from year to year," said Dadang in Bandung Regency, Monday. Dadang stated that his party always strives to continue to create a conducive investment climate, including from a regulatory perspective to provide legal certainty to potential investors. "We are trying to continue to secure this investment climate in one regulation. One of these regulations is related to the Regional Spatial Planning (RTRW) and Detailed Spatial Planning Plan (RDTR) for Bandung Regency, the Draft Regional Regulation has now been completed, so that more investment will come in in the future ," he said. According to him, the RTRW Regional Regulation is important in the development process in Bandung Regency, because potential investors will receive legal certainty regarding the use of existing land. "Approval of this design is considered fast in Indonesia. So it was fast in Bandung and Bali Regencies," said Dadang. Head of the Bandung Regency Investment and One-Stop Integrated Services Service (DPMPTSP), Ben Indra Agusta, said that the dominant investments for 2023 are three types, namely infrastructure, especially the Jakarta Bandung High Speed Train facility in Tegalluar, then geothermal, and tourism. "Investment for geothermal exploration can reach IDR 7 trillion a year, and tourism has quite massive development. Therefore, in 2024 we will focus on investment in the geothermal, tourism and agriculture sectors," he said. He added that the potential and investment climate in Bandung Regency, from human resources to infrastructure, is very supportive for the presence of potential investors from both within and outside the country without any obstacles. According to him, with the many conveniences provided, the Bandung Regency Government succeeded in receiving an award in the 2023 West Java Investment Performance Assessment or West Java Investment Award (WJIA) held by the West Java DPMPTSP in September 2023. (SOURCE)
Jan, 31 2024
Bisnis.com, BANDUNG -- The political year and global conditions that have not yet recovered mean that the economic slowdown will still occur in 2024. Head of the West Java Investment and One-Stop Integrated Services Service (DPMPTSP), Nining Yulistiani, confirmed that the issue of an economic slowdown will still affect the rate of investment in 2024. However, opportunities remain. "All this time I have seen in West Java that when the economy slows down, it is because of global disruption which then has its influence and then weakens," he said at the Beja vol 1 event in the East Hall, Gedung Sate, Bandung, Tuesday (9/1/2024). According to him, West Java was affected by the slowdown due to the position of exports and industry, especially the manufacturing and processing sector which contributed 42% of the economic pie. "Well, I see that West Java must be certified for the types of industry in West Java, including renewable downstreaming," he said. Opportunities in this sector relate to plantations, agriculture, livestock, fisheries, maritime affairs, forestry. "Then the downstreaming from upstream to downstream is renewable. Except for downstreaming which is end product in nature. Like EVs, where we don't have the raw materials, right, [that] is in Sulawesi, Papua or Maluku," he said. According to him, downstream opportunities come from, for example, making batteries and battery packs as well as developing the electric vehicle industry. "We are directing this to West Java. Because the environment or ecosystem has been built in us," he said. Nining admitted that the opportunities and investor interest in this sector are quite positive, especially from countries in the Middle East and China. "They are responsive to wanting to develop the agricultural industry, all kinds of things. Agricultural farms and so on in West Java have huge potential because they see the potential for a food crisis in the future as well as their needs," he said. It is believed that Nining will get the downstream potential related to food from China, but not yet the same interest from Middle Eastern countries. "Because our exports to China are related to food. They have seen this, including in the Middle East," he concluded. (SOURCE)
Jan, 22 2024
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