The mining sector makes a significant contribution to labor absorption in Indonesia. Based on data from the Ministry of Energy and Mineral Resources, the actual number of workers in the mining sector in 2023 (cumulative data for the third quarter) is 308,107 Indonesian Workers (TKI) and 2,074 Foreign Workers (TKA). "Increasing investment in the mining sector is the main factor driving an increase in labor in the mining sector in 2023," said Bambang Suswantono as Plt. Director General of Mineral and Coal in the 2023 Achievement Preskon and 2024 Work Program for the Mineral and Coal Subsector (Minerba) in Jakarta, Tuesday, (16/1). The investment realization achievement in the mineral and coal subsector as of 31 December 2023 alone was USD7.46 billion or 96.8% of the 2023 target of USD7.7 billion. This increase in investment in the mining sector has encouraged increased production and sales of mining commodities, which require more labor. Increased production and sales of mining commodities will also encourage an increase in employment in the mining sector in 2023. In 2023, realized coal production will reach 775.2 million tonnes, or 112% of the target set at 694.5 million tonnes. This increase in coal production has led to an increase in the need for labor in the coal mining sector. Apart from that, increasing the use of technology will also encourage an increase in workforce capacity in the mining sector in 2023. In 2023, the use of technology in the mining sector will increase, especially for exploration, production and processing activities. The increased use of this technology also encourages increased efficiency and productivity, which also has an impact on increasing the capacity of the mining sector workforce. The details of the number of TKI and TKA based on permit type are as follows: Minerals for 48,356 migrant workers and 921 foreign workers; Mining as many as 43,335 migrant workers and 122 foreign workers; IUJP is 216,416 migrant workers and 1,031 foreign workers. Increasing workforce capacity in the mining sector in 2023 is good news for national development. By increasing the capacity of the mining sector workforce, the government can have more flexibility in supporting national development, including infrastructure development, social and economic programs, as well as sustainable energy development. (RD) (SOURCE)
Jan, 22 2024
Jakarta (ANTARA) - The Ministry of Energy and Mineral Resources (ESDM) recorded that investment realization in the mineral and coal (minerba) subsector as of December 31 2023 was 7.46 billion United States (US) dollars or 96.86 percent of the target of 7.7 billion US dollars. "The Directorate General of Mineral and Coal continues to encourage the maintenance of the mineral and coal investment climate in order to increase economic growth. The realization of investment in the mineral and coal subsector as of 31 December 2023 is 7.46 billion US dollars or 96.8 percent of the 2023 target, which is 7. 7 billion US dollars," said the Acting Director General of Mineral and Coal (Minerba) of the Ministry of Energy and Mineral Resources, Bambang Suswantono, during the press conference "2023 Achievements and 2024 Work Program for the Minerba Subsector", at the Directorate General of Mineral and Coal Building, Jakarta, Tuesday. Furthermore, he said again, the realization of non-tax state revenue (PNBP) in the mineral and coal subsector in 2023 was IDR 172.96 trillion or higher than the target of IDR 146.07 trillion. He also detailed the production and utilization of minerals in 2023, namely gold commodities with realization of 83 tons from the target of 106 tons, silver realization of 348.6 tons from the target of 489 tons, tin realization of 67.6 thousand tons from the target of 70 thousand tons, ferronickel realized 535.2 thousand tonnes from the target of 628.9 thousand tonnes, and nickel matte realized 71.4 thousand tonnes from the target of 75 thousand tonnes. (SOURCE)
Jan, 22 2024
KONTAN.CO.ID - JAKARTA. Toll roads are one of the massive connectivity infrastructures built during the era of President Joko Widodo (Jokowi)'s administration. The presence of this paid toll road is considered to be able to improve the economy, facilitate community mobility, and provide connecting access between regions spread across 5 Indonesian islands, namely Java, Sumatra, Kalimantan, Sulawesi and Bali. Quoted from the official website of the Toll Road Regulatory Agency (BPJT) on Tuesday (16/01/2024), from 1978 to mid-January 2024, the total length of toll roads operating in Indonesia has reached 2,816 Km. Spread across Java Island 1,782.47 Km, Sumatra Island 865.43 Km, Kalimantan Island 97.27 Km, Sulawesi Island 61.64 Km, and Bali Island 10.07 Km. All toll roads that are in operation are managed by 59 Toll Road Business Entities (BUJT) on 73 toll road sections in which there are 132 Rest and Service Places (TIP) or rest areas. Previously, in 2023, toll roads that had been operating were 217.77 km long. Here's the list: The Sayung-Demak toll road is 16.01 km long The Jakasampurna-Marga Jaya toll road is 4.88 km long The Kukusan-Krukut toll road is 3.5 km long The Blang Bintang-Baitussalam toll road is 12.71 km long The Taruma Jaya-Cilincing toll road is 7,285 km long The Jatikarya-Cikeas toll road is 3.78 km long The East Probolinggo-Gending toll road is 9.08 km long Toll Sp. Indralaya-Prabumulih is 63.5 km long The Cimalaka-Dawuan toll road is 29,165 km long The Cigombong-Cibadak toll road is 11.05 km long The Stabat-Kuala Bingai toll road is 7.55 km long The Krukut-Cinere (Limo) toll road is 2,186 km long The Indrapura-Limapuluh toll road is 15.15 km long The Pamulang-Cinere toll road is 3,631 km long The Tebing Tinggi-Indrapura toll road is 22.85 km long The Indrapura-SS Indrapura toll road is 5.45 km long (SOURCE)
Jan, 22 2024
Bisnis.com, CIREBON - Bank Indonesia of Cirebon Representative noted that investment realization in Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) reached IDR 10.78 in 2023. Head of Bank Indonesia of Cirebon Representative, Hestu Wibowo, said that during 2023 the realization achieved would be 85.2%. "The 2023 Ciayumajakuning investment target of IDR 10.78 trillion contributes 5.74% to the West Java investment target," said Hestu in Cirebon City, Tuesday (2/1/2024). Investment in Ciayumajakuning is still dominated by the mining sector at 45.91%. Others are the food crop and plantation sectors; non-metallic mineral industry: as well as trade and repairs. Based on Bank Indonesia records, there are four companies in Ciayumajakuning that control investment in the eastern region of West Java. The four companies are, PT Kilang Pertamina Internasional (KPI) RU VI Balongan Indramayu, PT Polytama Propindo, PT Taekwang Indonesia, and PT Sido Agung Agro Prima. PT KPI RU VI Balongan invested IDR 17.18 trillion (2022-2027), PT Polytama Propindo IDR 5.03 trillion (2022-2025), PT Taekwang Indonesia IDR 42.8 billion (2022-2025), and PT Sido Agung Agro Prima IDR 83 billion (2022-2023). The Cirebon Regency Capital Investment and One-Stop Integrated Services Service (DPMPTSP) said that by the third quarter of 2023, investment realization in Cirebon Regency had reached IDR 2.16 trillion. The regional government is targeting investment realization of IDR 2.9 trillion by December 31, 2023. "We are optimistic that the investment realization of IDR 2.9 trillion can be achieved. Last year alone, the realization reached IDR 2.8 trillion. "This figure exceeds the target of IDR 2.67 trillion," said Head of DPMTSP Cirebon Regency, Dede Sudiono. According to DPMPTSP records, the electricity, gas and water sectors have again become one of the largest contributors to investment realization in Cirebon Regency. This sector has been a contributor to investment for the last 10 years. In that period, the electricity, gas and water sectors contributed IDR 917.9 billion “This sector has proven to contribute greatly to the investment process. "In fact, it beats the leather goods and footwear industry," said Dede. (SOURCE)
Jan, 22 2024
JDIH Marves – In order to increase the effectiveness of managing the Legal Reform Index (IRH), the West Java Provincial Government Legal Bureau (Pemprov Jabar) held a comparative study visit to the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) on December 14 2023. This visit aims to gain further insight regarding IRH management and gain an in-depth understanding of the best practices that have been implemented at the national level. The West Java Provincial Government Legal Bureau team, led by an Associate Expert Legal Analyst, was warmly received by officials from the Legal Bureau of the Coordinating Ministry for Maritime Affairs and Fisheries, Nicolaus Naibaho along with staff and staff within the Legal Bureau of the Coordinating Ministry for Maritime Affairs and Fisheries. During the visit, the West Java Provincial Government Legal Bureau team also had the opportunity to listen to a presentation regarding the concrete steps that have been taken by the Coordinating Ministry for Maritime Affairs and Fisheries in increasing the achievements of the Legal Reform Index. It is hoped that open discussions and exchange of ideas between the two parties can provide valuable input to improve and strengthen the legal system at the provincial level. This comparative study reflects the West Java Provincial Government's commitment to continuing to improve the quality of legal services and implementing reforms aimed at increasing the effectiveness of law at the regional level. After this visit, it is hoped that there will be closer synergy between the central and regional governments in joint efforts to achieve the goals of legal reform in Indonesia. (SOURCE)
Jan, 17 2024
INILAHKORAN, Bandung - Head of the West Java Investment and One-Stop Integrated Services (DPMPTSP) Department, Nining Yuliastiani, predicts that the investment realization target in 2024 could reach IDR 250 trillion. Nining said that in fact the central government had not yet conveyed the targets for each province for 2024 regarding investment realization. However, Nining said, if you look at 2023. Where it is possible that West Java will be charged with the same percentage target, then the figure will clearly increase from IDR 188 trillion in 2023, to IDR 250 trillion this year. "We haven't (received the target). In 2023, the (national) target was IDR 1,400 trillion, we got a share of IDR 188 trillion. Around 14 percent. This year (the central government is targeting) IDR 1,650 trillion. If positioned the same, around IDR 250 trillion (target "West Java investment realization will be in 2024). But we don't have the predictions yet," said Nining in Bandung City recently. In 2023, from January to September investment in West Java was dominated by foreign investment (PMA) around 60 percent and domestic investment (PMDN) around 39 percent. The largest investment point is Bekasi Regency amounting to IDR 41.5 trillion, then Karawang Regency IDR 35.1 trillion, Bogor Regency IDR 12 trillion, Purwakarta Regency IDR 10.7 trillion and Bekasi City IDR 8.6 trillion. There are five sectors that investors are interested in, namely transportation, warehouse and communications worth IDR 28.8 trillion. The investment sector for housing, industrial areas and offices is IDR 19.5 trillion. Metal machinery and electronics industry sector IDR 16.2 trillion. Motor vehicle and other means of transportation industry with an investment value of IDR 15.8 trillion. With this achievement, labor absorption from January-September 2023 was 192,414 people, with details of 96,680 workers absorbed in PMA investment and 95,734 workers absorbed in PMDN investment. It is possible that in 2024, dominance will not be much different with the addition of several channels that can be offered, namely the Rebana Triangle Area, South West Java and Ciayumajakuning. (Yuliantono) (SOURCE)
Jan, 15 2024
KONTAN.CO.ID - JAKARTA. Ending 2023, the Ministry of Investment/Investment Coordinating Board (BKPM) has issued 7,146,105 Business Identification Numbers (NIB) through the Online Single Submission (OSS) system. The composition of the published NIB consists of 6,887,479 micro businesses, followed by small businesses with 187,402 NIBs, then 23,350 NIBs for medium businesses, and 47,874 large businesses. Special Staff and Spokesperson for the Ministry of Investment/BKPM Tina Talisa expressed her appreciation to all business actors who have processed business permits through the risk-based OSS system. This system is an implementation of the Job Creation Law to provide ease of doing business. “Thank you to Indonesian business actors who are very cooperative. This completely online NIB management cannot run without the willingness and understanding of business actors. The MSEs (micro and small businesses) who dominate the issuance of NIB are truly extraordinary. "We also received a lot of input from business actors to improve the OSS system to make it more user friendly," said Tina in her official statement, Monday (1/1). Tina added that the number of NIBs issued through the OSS system will experience a significant increase in 2023. It has been recorded that more than 2 million NIBs have been issued since the 2nd anniversary of the risk-based OSS system in August 2023. For comparison, throughout 2022 the OSS system issued 2,461,775 NIBs. This means that in the last 5 months it could almost match the NIB issuance in 2022. "We interpret this achievement as a form of awareness among business actors to become formal and a form of increasing trust in the government. "As long as there is an internet connection, business people can take care of NIB from wherever they are, no longer need to come to the DPMPTSP (One Stop Investment and Integrated Services Service) office to meet lots of officers and lots of tables," said Tina. Tina also does not deny that consultation services, both face-to-face and digital, are always needed. This is to help handle questions and/or technical obstacles encountered by business actors. “Currently, OSS issues an average of 13 to 15 thousand NIBs every day. In fact, at certain times it can be more than 50,000 NIB in a day. Meanwhile, the contact center usually receives around 500 telephone calls, a thousand WhatsApp messages and a thousand emails per day. This means approximately 15% of the total NIB issued. "So actually, most business actors can process it independently until the NIB is issued," he explained. As of December 29 2023, the five provinces with the most NIB issuance were West Java 1,276,268 NIB, East Java 1,101,689 NIB, Central Java 835,287 NIB, DKI Jakarta 596,518 NIB, and Banten 347,456 NIB. (SOURCE)
Jan, 12 2024
PORTALJABAR, KOTA BANDUNG - Investment realization in West Java Province continues to show a positive trend. Total investment realization from 2018 to 2023 reached IDR 838.81 trillion, and absorbed 856.3 thousand new workers. Head of the West Java Investment and One Stop Integrated Services Service (DPMPTSP), Nining Yuliastiani, said that investment is the key to development. "We have seen various achievements and developments carried out by the government in 2023 regarding inclusive, quality development. It can be concluded that investment is the key to development," said Nining in Bewara Jawa Barat (BEJA) Vol. 1 at Gedung Sate, Bandung City, Tuesday (9/1/2024). “Investment is the most important driver for development. "So, investment development must continue to be carried out," he added. West Java Province has excelled in achieving investment realization in Indonesia for six consecutive years. Nevertheless, West Java Province continues to explore its potential 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. According to Nining, his party has taken a stance to provide solutions to the challenges that will be faced in the following year, such as geopolitical tensions, climate change, future pandemics, and digitalization. “I see that the way forward is not easy in terms of increasing investment. "Geopolitical challenges, climate change, pandemics and digitalization are challenges that we (the government) must overcome," he said. "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," he added. Apart from that, Nining also said that West Java is not enough just to promote existing potential, but also to create quality human resources. This is the key to investment development. "The quality of human resources is an asset that becomes an investment, good human resource positions will become a component of economic activity in West Java, and become promotional material for 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 and domestic investment, 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)
Jan, 12 2024
PORTALJABAR, KAB. GARUT - Garut Festival (G Fest) 2023 officially closed with the Night of Investment and Cultural Enchantment at the Garut Art Center, Garut Regency, on Thursday (28/12/2023) evening. The closing of G Fest 2023 is not only the end of the annual festival, but also a symbol of progress and collaboration in Garut Regency. The Regent of Garut appreciated all parties who have supported his government for almost a decade and invited investors to continue investing in Garut Regency. "Thank you everyone, I just invite us to invest in Garut Regency, in Garut Regency the workforce is productive," he said. Head of the Garut Regency Energy and Mineral Resources Trade Industry Service (Disperindag ESDM), Ridwan Effendi, said that the event was a collaboration with the Garut Regency Tourism and Culture Service (Disparbud). He emphasized that even though this event coincided with the end of the term of office of the Regent and Deputy Regent, G Fest was still lively and received a warm welcome from the public. He considered the event to be lively but also full of emotion, because that night was the farewell night for the Regent of Garut and the Deputy Regent of Garut. "Of course, G Fest can run every year and can involve more parties, including the government, private sector and of course the community," he said. Head of the Garut Regency Tourism and Culture Office, Agus Ismail, stated that this event was a symbol of appreciation for the development that had been carried out, especially in the tourism, creative economy and culture sectors. The various investments that have entered Garut, added Agis, are an extraordinary contribution to the progress and welfare of the people of Garut Regency. He hopes that this Night of Investment and Cultural Enchantment activity can provide special meaning at the end of Rudy-Helmi's term of office after leading Garut Regency for the last decade or so. According to him, Garut Regency has extraordinary potential, so he hopes that investment in the industrial and tourism sectors will be able to generate investment in other sectors. The 2023 Garut Investment and Cultural Enchantment Night was also enlivened by the 2023 Garut Cultural Arts procession entitled "One Decade of Rudy-Helmi" and a Garut woven fashion show. The excitement of this event was closed with a performance from the capital's artist, Firman Siagian, a famous singer with the song "Lost", and closed by singing the Koes Plus song "Kapan-Kapan", which was sung together by the Regent of Garut, Deputy Regent of Garut, and Firman Siagian, uniting all attendees in a harmonious atmosphere. This closing event was attended by the Regent of Garut, Rudy Gunawan, Deputy Regent of Garut, dr. Helmi Budiman, along with his wife, members of the Garut Regency Regional Leadership Coordination Forum (Forkopimda), as well as representatives of various investors in Garut Regency and other invited guests. (rdp*) (SOURCE)
Jan, 12 2024
WJtoday, Bandung - The Regional Government of West Java Province is currently preparing a Regional Long Term Development Plan (RPJPD) for 2025 - 2045. The RPJPD, which will guide West Java's development for the next 20 years, is targeted for completion in August 2024. West Java Regional Secretary Taufik Budi Santoso, Daily Executive (Plh), said that later this RPJPD would also be the basis for preparing the Regional Medium Term Development Plan (RPJMD) for 2025 - 2030. The initial draft of the RPJPD must be completed before the 2024 regional elections because the RPJMD will be the basis for the KPU and Bawaslu to appoint candidates for Governor of West Java for the 2024 - 2029 period. "Before this RPJMD is used as the basis for implementing regional elections, the 2025-2045 RPJPD must be completed first. It is targeted that the RPJPD will be adopted as a regional regulation in August 2024," said Taufik during a discussion meeting of the RPJPD with all regional officials at the West Java Bappeda office, Bandung City, Wednesday ( 10/1/2024). The preparation of the 2025 - 2045 RPJPD will adhere to 10 principles. The main principle is SMART (Specific, Measurable, Achievable, Rational, Tempo). "10 principles that must be adhered to in preparing the RPJPD. In essence, every plan we prepare must implement these 10 principles, especially we must be able to apply the SMART principle," said Taufik. In October 2023, the West Java Bappeda carried out an evaluation of the RPJPD 20 years earlier. The evaluation results are part of the preparation of the initial draft of the 2025 - 2045 RPJPD. Then in December 2023, the initial draft was submitted to the West Java DPRD and in January 2024 it is targeted to be submitted to the Ministry of Home Affairs. Furthermore, in February 2024 the initial draft of the RPJPD is expected to be completed because in March 2024 it will be discussed at the West Java Regional Musrenbang. The results of the Regional Musrenbang are the final draft of the RPJPD which is targeted for completion in April 2024. The final draft of the RPJPD will then be evaluated by the Inspectorate before being discussed again with the West Java DPRD to be made into a draft regional regulation for the period May to June 2024. After the RPJDP draft regional regulation is decided together with the DPRD, it is then submitted to the Ministry of Home Affairs to be evaluated first before being adopted as a regional regulation. "Every legal product in the region must of course receive an evaluation from the Ministry of Home Affairs, so the West Java RPJPD Regional Regulation will be enacted in August no later than the second week," said Taufik. Issues discussed in the 2025 - 2045 RPJPD include poverty alleviation, unemployment, Gini ratio, stunting, environmental issues, basic services, internet access blank spots and increasing the Human Development Index.*** (SOURCE)
Jan, 12 2024
PORTALJABAR, KAB. CIREBON - Acting Governor of West Java Bey Machmudin is committed to increasing exports of Cirebon rattan products to various countries in Asia and Australia. This became known after exports of rattan products in 2023 decreased due to the impact of the Russian-Ukrainian war. "Our rattan exports in 2023 will decrease compared to 2022. I hope it will increase again this year, we will look for markets in other countries," said Bey when met after inspecting rattan production at the Cirebon Rattan Industry Development Service Unit, Tegalwangi Village, Wednesday (3/1/2024) . Bey said that apart from looking for new markets, rattan products would be further developed. "This must be further developed in the future because this is one of our superior products, so there must be more product diversification," he said. Bey said that the prospects for typical Cirebon rattan products so far are very good. On average, rattan that is exported is processed into furniture products. "The prospects for rattan are very good, and this is one of West Java's superior products that has been around for decades," he said. During the inspection at the Service Unit under the Processed Food and Packaging Industry UPTD of the West Java Industry and Trade Department, workers who were local residents were seen producing rattan into chairs, tables, cupboards and wickerwork. Cirebon Regency has long been known as an exporter of processed rattan. Tegalwangi Village in Weru District even has a Galmantro Rattan tourist village, where almost all the residents are rattan craftsmen. "The rattan industry here (Tegalwangi) has been around for a long time," said Bey. (SOURCE)
Jan, 11 2024
Cirebon (ANTARA) - The Representative Office of Bank Indonesia (BI) Cirebon, West Java, recorded that investment achievements in its region which includes Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) have been realized up to 85.2 percent of the target of IDR 10.78 trillion in 2023. "Ciayumajakuning's investment target in 2023 is IDR 10.78 trillion and 85.2 percent of the realization target has been achieved," said Head of KPw BI Cirebon Hestu Wibowo when met in Cirebon, Thursday. Hestu said that the percentage of investment realization was sourced from data from the Ciayumajakuning One Stop Investment and Integrated Services Service (DPMPTSP), which was collected up to the third quarter of 2023. Based on this data, he said, investment in Ciayumajakuning grew consistently and contributed 5.74 percent to the existing capital investment target in West Java. "West Java is the province with the largest level of investment nationally, Ciayumajakuning contributed 5.74 percent. "I think this is a positive contribution," he said. Hestu revealed that if detailed from the data, the share of domestic investment (PMDN) in Ciayumajakuning showed quite good performance with the most dominant investment sector being in the mining sector at around 45.91 percent. Then, the food crops and plantations sector in Ciayumajakuning ranks second as an investment sector that is quite popular with PMDN with a figure of 17.68 percent. In next place, said Hestu, PMDN in Ciayumajakuning also invested in the non-metallic mineral industry at around 12.51 percent, trade and repairs at 8.53 percent and other sectors at 15.37 percent. "We at Ciayumajakuning always coordinate with the regional government on how to make it easier for investors to invest," he said. Still referring to similar data, Hestu said that the share of foreign investment (PMA) in Ciayumajakuning was dominated by investment activities in the basic chemical industry, chemical goods and pharmaceuticals with a figure of 61.98 percent. Meanwhile, for the remainder, PMA in Ciayumajakuning invested around 13.85 percent in the food crops and plantation sector, mining at 11.19 percent, the food industry at 3.46 percent and other fields around 9.51 percent. He emphasized that in order for the rate of investment in Ciayumajakuning to grow consistently, there needs to be policies to make it easier for investors to invest, for example with licensing efficiency. Hestu assesses that all supporting facilities to grow the investor sector in Ciayumajakuning are well available, so that the realization of capital investment will be achieved by the end of 2023. "The rate of investment in Ciayumajakuning will continue to grow positively until the end of 2023," he said. (SOURCE)
Jan, 11 2024
berita.depok.go.id - Head of the One Stop Integrated Service Investment Service (DPMPTSP) of West Java Province (Jabar) Nining Yuliastiani said that the presence of a Public Service Mall (MPP) in Depok City would increase investment. According to him, Depok City can be used as an investment destination, especially since its position is close to DKI Jakarta. He said, the presence of MPP could have a significant impact on creating services that are more easily accessible to the public. MPP can stimulate the community's economy and revive the surge of city development, with the ultimate goal of building progress for the community. "Easy and fast service is the key and essence of developing Public Service Malls. This can be realized by service providers in government agencies, through MPP which is a combination of services from central agencies and regional governments, as well as BUMN/BUMD," he said to Berita.depok. go.id, after attending the soft launching of the Depok City MPP at Depok City Hall, Friday (29/12/23). He said that the potential in Depok City itself is occupied by the Trade and Services sector in the form of housing, industrial areas and offices. "Based on our data, in the third quarter of 2023, the investment value in Depok City will have reached 70 percent from IDR 4.31 trillion, to IDR 2.98 trillion. "We are optimistic that we can achieve the target while it is still being calculated, of course," he added. "Depok is an urban city. This position has great potential. Moreover, Depok is adjacent to the Jakarta Special Region (DKJ)," he said. "So you really have to be able to compete to get investors to come to Depok. Because it is also supported by good transportation, human resources (HR) and infrastructure," he concluded. (JD03/ED 02) (SOURCE)
Jan, 11 2024
PORTALJABAR, KAB. BANDUNG BARAT - Investment is a vital indicator of a region's economic growth. Currently, West Java Province has become a very attractive investment destination, realization in the last five years has been more than IDR 800 trillion and the record in 2023 will reach IDR 174.6 trillion. This was stated by Acting Governor of West Java Bey Machmudin through the Governor's Expert Staff for Economics and Development Dodo Suhendar at the opening of the 2023 West Java Mining Forum (WJMF) at the Mason Pine Hotel, West Bandung Regency, Tuesday (12/12/2023). "Every investment realized per IDR 1 trillion can absorb 1,000 people so that with an investment of IDR 174.6 trillion we can absorb a workforce of around 174,000 people," said Dodo. High investment in West Java also 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," he said. West Java is also one of the provinces that has abundant natural resources and is trusted to receive the development of national strategic projects. "Starting from the need for development materials, with West Java's abundant natural resource potential, mining is a vital sector," said Dodo. "West Java also plays an important role in the realization of investment, supporting sustainable development of infrastructure and industry in West Java. "For example, PSN developments that have been realized in West Java include the Whoosh Fast Train project, West Java Kertajati International Airport, Cisumdawu Toll Road, and Patimban Port," he added. Apart from that, the mining sector also creates job opportunities for the people of West Java, helping to reduce the unemployment rate. "Revenue from the mining sector can also be used to finance other development programs, such as education and health," he said. The West Java Provincial Government also encourages innovation in environmentally friendly mining technology. According to Dodo, using the latest technology can help reduce the negative impact of mining on the environment, while increasing efficiency and productivity in this sector. "I also appeal to all mining business permit holders in the West Java region to be able to carry out mining business activities in accordance with the rules of good mining engineering," ordered Dodo. Head of the West Java Energy and Mineral Resources (ESDM) Service, Ai Saadiyah Dwidaningsih, said that WJMF 2023, which has the theme "Sustainable Mining For A Better Mining Future In West Java", was carried out in order to capture the aspirations of all relevant stakeholders, form synergy and increase harmonization in supporting good mining management in West Java. "WJMF 2023 is a forum created to build the commitment of mining sector stakeholders in achieving SDG'S (Sustainable Development Goals) as well as evaluating the implementation of regulations and policies that have been delegated to ensure that mining activities are carried out in compliance with environmental and social standards," said Ai. Meanwhile, Chairman of Commission IV of the West Java DPRD, Cucu Sugyati, appreciated the West Java Provincial Government through the ESDM Service for organizing this forum. WJMF 2023 is a series of annual activities of the West Java ESDM Service, which started with the West Java Energy Forum (WJEF) on 26 June 2023 at the Bank Indonesia Representative Office, then the West Java Geology Forum (WJGF) on 16 November in Bandung Regency, and as closing, namely WJMF 2023. After the opening, the event continued with the signing of a joint agreement by representatives of Mining Business License (IUP) holders as a form of commitment to implementing good mining governance by all IUP holders in West Java. After that, there was a presentation delivered by the Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Mineral and Coal Governance and the Assistant Deputy for Mining of the Coordinating Ministry for Maritime Affairs and Investment, then a discussion panel featuring speakers from government, law enforcement, academics, associations and business actors. (SOURCE)
Jan, 10 2024
TRIBUNJABAR.ID, BANDUNG - West Java's economy in 2024 is predicted to still be bright. Macroeconomic indicators show that the economy of West Java will still grow positively next year. This can be seen from the realization of West Java investment and exports until September 2023 which is still high, even the highest nationally. Head of the West Java Province Department of Industry and Trade, Noneng Komara Nengsih, said that investment realization from January to September 2023 reached IDR 137.2 trillion. West Java is optimistic that investment will still be the highest nationally until December. For your information, in 2022, total investment in West Java will reach IDR 175 trillion. Investment in the West Java industrial sector contributed IDR 79 trillion or 51.5 percent of total investment during January to September 2023, becoming the highest contributor to investment in both PMA and PMDN. Meanwhile, in total, the trade sector was the fifth highest, with 68.75 percent coming from PMDN. "The prospects for the West Java processing industry sector in 2024 show a positive trend, driven by several conditions including global economic recovery, growth in domestic demand, high investment in the industrial sector and controlled inflation," said Noneng Komara in Bandung, Sunday (10/12/2023) . The global economy continues to recover gradually from the pandemic and Russia's invasion of Ukraine raised projected economic growth from 2.8 percent to 3 percent, potentially increasing global demand and lowering raw material prices. Purchasing Manager's Index (PMI) Indonesia's processing industry has increased from 50.9 in 2022 to 51.7 in November 2023 driven by an increase in domestic orders, although exports are still slow Meanwhile, West Java inflation is under control within target, decreasing from 6.17 percent in February 2023 to 2.85 percent in November 2023 (yoy). With controlled inflation, people's purchasing power will increase so that domestic demand will also increase. West Java is the province with the largest export contribution from January to October 2023. Cumulatively from January to October 2023, the total trade balance of West Java recorded a surplus of 20.57 billion US dollars. Bank Indonesia estimates that the West Java economy will continue to grow positively in 2024 in the range of 4.9 percent-5.7 percent amidst global economic uncertainty. Head of Bank Indonesia West Java Representative, Erwin Gunawan Hutapea, said that a number of sectors would experience strengthening, including the agricultural and consumption sectors. "So that in the midst of these challenges in 2024, it seems we remain optimistic that in 2024 we can grow better than 2023," he said. Apart from that, he also assessed that the political contestation of the Presidential Election, Legislative Election and Regional Head Election would contribute to increasing public consumption. "Of course, this will also make the domestic economy grow higher, a phenomenon like that is when there are presidential elections, legislative elections, regional elections, the euphoria will cause higher consumption," he added. Therefore, he hopes that with maintained price stability and better consumption, it will become one of the driving forces of the economy, at least in the first quarter and fourth quarter of 2024. Erwin said there were seven policy recommendations to encourage the economic revival of West Java. The first recommendation is to expand efforts to control seasonal and structural food inflation. Second, maintaining people's purchasing power through incentives, optimizing the realization of government spending, encouraging equal distribution of investment realization and encouraging exports and local value chains for large industries. The third recommendation is to encourage accelerated development of connectivity infrastructure. Apart from that, increasing downstream industry, especially the electric vehicle industry. Fifth, expanding digitalization in various aspects of the economy. Sixth, strengthening new sources of sustainable economic growth such as the sharia financial economy and the green economy. Finally, further strengthening the pentahelix synergy and collaboration of the West Java government. "Through these various policy recommendations, Bank Indonesia estimates that the economy of West Java in 2024 has the potential to continue to grow positively in the range of 4.9 percent-5.7 percent," he said. (*) (SOURCE)
Jan, 10 2024
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