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West Java Industrial Meeting (WJIM) 2022
In an effort to provide added value and contribute to the West Java economy, particularly through the development of the manufacturing industry as a leading economic sector, the West Java Province Bank Indonesia Representative Office collaborates with the West Java Provincial Government, in this case the Industry and Trade Office, annually organizes the West Java event. Industrial Meeting (WJIM). The implementation of these activities will focus on the delivery of information and discussion forums related to policies from various agencies, both vertical and local governments. In addition, WJIM activities are also a form of appreciation to Bank Indonesia respondents as well as efforts to increase the engagement of Bank Indonesia and the Provincial Government to business actors in the processing industry.
The West Java Industrial Meeting (WJIM) 2022 will be held on:
Date and Day : Wednesday 15th June 2022
Theme : “Increasing Industrial Competitiveness in West Java Through Export-Import Ease Support: LCS and Various Other Supporting Instruments”
Audience: 150 C-level West Java Processing Industry Businessman/woman
The 3rd West Java Investment Summit (WJIS) 2021
Until the first semester of 2021, investment realization in West Java is the highest nationally with a total investment value of Rp72.46 trillion, or an increase of 25.17% (yoy) compared to the same period the previous year. This achievement was mainly driven by the realization of Foreign Investment (PMA) with a share of 61%, larger than the realization of Domestic Investment (PMDN) of 39%. Several leading sectors still dominate investment realization, such as the housing sector, industrial and office areas, and the construction sector. This is in line with the ongoing development of industrial estates and infrastructure development in West Java.
In line with efforts to optimize economic momentum, which is indicated to increase in the second quarter of 2021 through investment, the Bank Indonesia Representative Office of West Java Province through the Regional Investment Relations Unit (RIRU) function, in collaboration with the West Java Provincial Government through DPMPTSP again held an annual investment promotion event for those who the third time is The 3rd West Java Investment Summit (WJIS) 2021. The event will be held virtually with the theme “Navigating Post-Covid World: Investment Growth for Resilient West Java”.
The series of activities in the West Java Investment Summit 2021, among others:
High Level Session
This activity will be held in a hybrid manner by inviting 50 (fifty) offline guests, and 1,500 participants who will take part in a series of virtual events by registering through the wjis.co.id website. The participants consisted of project owners, domestic and foreign investors, sister province partners, embassies of friendly countries, associations, West Java industrial estate managers, and other relevant agencies. This event will be held on 21-22 October 2021 which will be broadcast live and virtual at the Savoy Homann Hotel Bandung.
Launching “West Java Investment Ecosystem” Road to WJIS 2021
In the context of economic recovery in the midst of the COVID-19 pandemic, the Bank Indonesia Representative Office together with the West Java Province One Stop Service and Investment Service (DPMPTSP) made various efforts to find alternative investment cooperation schemes including supporting facilities and infrastructure. One of the efforts is to organize the launching of the "West Java Investment Ecosystem".
This activity presents interesting events, such as the Launching of Investment Ecosystem Development, Video screenings (Regulation Socialization, NIB Campaign, Cifest Launch, and WJIHUB Optimization), Interview Sessions with MSME partners of Bank Indonesia and MPP, Signing of the Investment Ecosystem MoU, and WJIS Teaser Screening 2021.
11 August 2022
Pertamina Gas Subholding Begins Construction of GasKita Jargas Internal Investment Scheme for 11 Regencies-Cities
JAKARTA, suaramerdeka.com - PT PGN Tbk as Subholding Gas PT Pertamina (Persero) is committed to accelerating the use of clean, environmentally friendly energy that can assist the government in reducing energy subsidies. PGN's commitment is realized by starting 15 points of the construction of the GasKita Household Gas Network (Jargas) through PGN's internal investment scheme for 4 provinces. Among them are Lampung, DKI Jakarta, Banten, and West Java covering 11 regencies, namely Lampung, Bekasi, Cilegon, Cirebon, East Jakarta, West Jakarta, Central Jakarta, Karawang, Tangerang City, Tangerang Regency, and Bogor. This was stated by M. Haryo Yunianto, CEO of Pertamina Gas Subholding, PT PGN Tbk, Tuesday 2 August 2022. “This is part of PGN's real commitment to developing national domestic energy use through PGN's internal investment scheme. At the same time, this program is an effort to reduce imported energy subsidies which are one of the burdens of the state budget." The jargas program is also included in the National Medium Term Development Plan (RPJMN) 2020-2024 with a target of 4 million household connections (SR) throughout Indonesia. "This development is also the initial stage of the GasKita jargas with a total connection of around 92,000 SR which is part of the effort to achieve the target of 400,000 SR in 2022," he explained. This development is committed to the optimal use of domestic resources. The GasKita line connection will use a domestically produced Polyethylene (PE) pipe, so it can achieve a minimum TKDN of 45 percent. In addition, with the construction of this gas network, it is expected to encourage the benefits of a multiplier effect in driving the regional economy, absorption of local workers and the involvement of regional partners in development sites. Pertamina Gas Subholding is committed to expanding the use of national natural gas in all sectors to increase the utilization of clean, environmentally friendly energy as a real solution in the energy transition period.***
11 August 2022
BKPM Reveals 10 Japanese Companies Interested in Investment
JAKARTA - The Indonesian government made a visit to 3 countries in Asia in order to seek investment commitments for Indonesia. At least from the safari led by President Joko Widodo, there are 20 companies that are committed to investing in the country. Deputy for Promotion and Investment of the Ministry of Investment/BKPM Nurul Ichwan said 20 large companies from Japan and South Korea were ready to invest in the country. "This investment opens job opportunities, then increases people's income. Then it can increase tax income for the state," said Nurul Ichwan in a virtual discussion organized by the Ministry of Investment/BKPM, Friday (5/8/2022). From Japan, Toyota Motor Corp. is interested in investing in Indonesia by expanding its factory to produce hybrid-based electric vehicles. The company's investment value reached USD 1 billion. The plan will be gradual realization until 2025 and the launch of BEV electric cars. Furthermore, Sojitz Corp, which is interested in a methanol project with an investment value of USD 1 billion, is still in the feasibility study stage and will cooperate with PT Pupuk Indonesia. There is Mitsubishi Corp. with an unrecorded investment value but wants to expand the automotive industry. Mitsubishi Corp has plans to make Indonesia the company's production and export base. In addition, Mitsubishi Motors Corp. will expand the automotive industry in West Java with an investment of USD697 million. This company will develop a new model of PHEV car. Mitsubishi Chemical Corp. is interested in investing for the expansion of the PETfilm industry with an investment of USD156 million. Denso Corp, which intends to relocate its factories from the United States and Japan, is interested in the four-wheel vehicle spare parts industry with an investment of USD69 million. This company is said to have a commitment to human resource development. Toyota Tsusho is also interested in investing in the management of the Patimban Port and the Bekasi Proving Ground. The Ministry of Investment said it was ready to help accelerate the realization through a consortium of Indonesia and Japan. Sharp Corp. has an investment commitment of USD39 million for the expansion of its fourth AC plant. The Ministry of Investment provides support by providing tax allowances in accordance with applicable regulations. Inpex Corp has an interest in developing the oil and gas industry, and the Abadi LNG Project. The company plans to partner with BUMN or INA. Kansai Electric Power, has an investment commitment of USD 2.3 billion for the development of the power generation and EBT industry. One of them is the Mahakam power plant project in East Kalimantan and Barito in Central Kalimantan. "Of the 10 companies, we get USD 5.2 billion or equivalent to Rp. 75.4 trillion. This is from Japan only. This investment from Japan, we can see that they bring technology. This means that in terms of contributing to our economy, he will give strengthening the structure of the existing industry in Indonesia," he concluded.
11 August 2022
11 Sets Of Jakarta-Bandung High Speed Train Completed, One Tried On G20
West Java Governor Ridwan Kamil in Bandung, Tuesday, August 9, 2022, said the Jakarta-Bandung high-speed train (KCJB) will operate from June 2023. A total of 11 train sets have been completed in Qingdao, China, and are in delivery to West Java, one of which will be tested at the G20 Summit event next November.
West Java Indicator of Economy