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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.
15 September 2022
Adhi Karya (ADHI) Wins New Contract of IDR 17.3 Trillion Per 12 September 2022
KONTAN.CO.ID - JAKARTA. PT Adhi Karya Tbk (ADHI) continues to add to the list of new project realizations this year. Until September 12, 2022, ADHI's new contract realization reached Rp 17.3 trillion. A.A.G Agung Dharmawan Director of Finance and Risk Management ADHI said that the realization of ADHI's new contracts as of July 2022 was Rp. 15.9 trillion, and as of August 2022, it rose to Rp. 16.3 trillion. Most recently, as of Friday, September 9, 2022 ADHI received a new contract of Rp1.1 trillion. So the total realization of ADHI's new contracts as of September 12, 2022 is IDR 17.3 trillion. "As of July 2022, new contracts were obtained for IDR 15.9 trillion, this grew 103.8% compared to the same period last year which amounted to IDR 7.8 trillion," said Agung Dharmawan. Just so you know, for ongoing projects as of July, at least ADHI has pocketed 174 projects that are being worked on. Agung Dharmawan said that several projects were being worked on in July, including projects related to the IKN and the Solo-Yogyakarta toll road project. The two largest projects that will be completed are the Sigi-Banda Aceh Toll Road, which is worth Rp. 8.2 trillion. and the Solo-Yogyakarta-Kulonprogo Toll Road worth Rp 7.8 trillion. ADHI is also working on the MRT Jakarta P202 project worth 2.8 trillion, a follow-up project from the MRT Jakarta P201 project worth Rp 1.4 trillion. Agung Dharmawan also supports infrastructure development from investment financing funds. According to him, ADHI also benefited indirectly from the transaction completed by the Indonesia Investment Authority (INA). "INA has supported and successfully completed the transaction with Waskita partners, for INA we get indirect benefits by having an agreement with INA," said Agung Dharmawan. Furthermore, Agung Dharmawan also stated that ADHI is currently also focusing on environmental-based business lines, such as urban and sector waste management. Currently ADHI's waste treatment business is in the Medan Industrial Estate (KIM). Agung said ADHI received an injection of funds from the Civil National Capital (PNM) of Rp. 1.9 trillion. "We will be supported by PNM in the amount of Rp. 1.9 trillion and a rights issue. We are still processing the PNM and waiting for the Presidential Decree to be signed by the President. PNM tends to be certain because it has been included in the 2022 State Budget Act," said Agung. The distribution of the injection of funds from PNM amounting to Rp. 1.976 trillion, will be allocated to the development of the Solo-Yogya Toll road of Rp. 1.4 trillion, the participation of the Yogya-Bawen Toll road of Rp. 390 billion, and the investment of the Manyar Smelter of Rp. 185 billion. Currently ADHI focuses on 4 business lines, namely engineering and construction which includes handling infrastructure, buildings, power plants, oil and gas, and railways. The second line of business is in the property and hospitality sector. While other business lines are in manufacturing, as well as investment and concessions.
15 September 2022
Agung Podomoro (APLN) Holds Property Investment Festival
JAKARTA, investor.id- The resilience of the property sector to various economic situations has stood the test of time. Even though it was affected by the pandemic, now is the time for the property sector to bounce back and become one of the pillars of Indonesia's economic recovery. The revival of the Indonesian property sector is now the focus of Agung Podomoro which is realized through the Property Investment Festival – 53 Years of Agung Podomoro which will take place on 6-18 September 2022 at Central Park Jakarta. "We hope that there will be a revival of people's purchasing power towards property so that the property sector can also recover to be stronger. Agung Podomoro is committed to continuing to contribute significantly through accelerating the progress of our property project development in various regions in Indonesia," said Marketing Director of PT Agung Podomoro Land Tbk (APLN) Agung Wirajaya in an official statement, Thursday (8/9/2022). Along with the recovery of economic conditions and community activities, the property sector in Indonesia shows a positive trend. The results of the Residential Property Price Survey (SHPR) conducted by Bank Indonesia with a sample of developers in 18 cities noted that the Residential Property Price Index (IHPR) in quarter 1-2022 grew by 1.87 percent Year on Year (YoY). Agung explained that the company's performance was recorded from sales and operating revenues of Rp2.20 trillion in the first semester of 2022. In line with positive economic growth of 5.23 percent per semester I-2022, the company believes that the prospect of the property industry will be brighter. In semester I-2022, APLN recorded sales of Rp1.55 trillion, up 48.0% from Rp1.05 trillion in the previous same period. Meanwhile, Agung Podomoro's property projects in various areas such as Podomoro City Deli Medan and Podomoro Park Bandung recorded the largest sales recognition value. "We present a number of quality projects such as the City of Podomoro Tenjo which was built during the pandemic, and was greeted with great enthusiasm until it sold more than 4,200 units within 2 years after its launch. The presence of new projects and property developments in various areas is expected to support the optimization of economic recovery," he said. Agung said that his party is well aware that the recovery of the property industry requires collaboration from all parties, from developers, industry players, consumers, and the government. In the midst of a dynamic economic situation, he continued, the property industry must be encouraged to recover faster so that people's purchasing power rises stronger. "The government's incentives to provide relaxation should also be appreciated and supported. We see that this program has a tremendous impact on the community and property industry players," he said. President Director of PT Era Indonesia Darmadi Darmawangsa said that the relaxation from the government by providing incentives for Government Borne Value Added Tax (PPN DPT) for property purchases also created a very positive sentiment in the property market. “The economic situation in the future is expected to be more dynamic and challenging, given the increase in prices such as fuel oil (BBM) which is expected to have an impact on rising inflation to 6.6-6.8%. However, it is people who invest their money to buy property that will be more profitable,” he said. Darmadi said inflationary pressure will weaken purchasing power, but it is precisely in this position that the potential for property investment shines. “The time-tested resilience of the property industry proves that investment in this sector is the most promising. Property is actually an anti-inflation investment asset, which keeps funds or assets safer and even continues to experience value added, "he said. He gave an example of property prices that continue to rise from year to year will be more profitable than funds that are only stored in banks. Moreover, now the interest on savings in the bank is only 0%. “Experience has proven that property prices will always go up and the increase is always above the interest rate on deposits in banks and inflation. Investing in property means buying assets that have goods, so that the risk becomes more measurable. Not only that, property investment can bring profits at the same time if it is rented or sold with increasing prices every year," he said.
15 September 2022
Economist: Voting for Potential Investors Needs to be Balanced by Improvements in the Investment Climate
TRIBUNNEWS.COM, JAKARTA - Researcher from the Institute for Development of Economics and Finance (Indef) Ahmad Heri Firdaus said that investment promotion efforts should be carried out by the government. According to him, efforts to attract investment need to be pursued for the sake of economic growth. "So what is being done is an effort to pick up the ball to attract investors, but don't forget how to improve the investment climate in the country," Heri told reporters on Monday (12/9/2022). Heri warned that investors who enter Indonesia have a friendly investment climate. "If we invite them to come to Indonesia, it turns out that as soon as potential investors see that the investment climate is not friendly, it's a shame. Later, he doesn't. We think we are php (a giver of false hope)," he said. He said that every potential investor would conduct a study before deciding to invest. They will compare one country with another, then choose a country that is more supportive of their investment. Therefore, the investment climate must be mitigated and monitored by the government, so that the image of Indonesia's investment does not deteriorate in the eyes of investors. "There are efforts to improve the climate as a whole in various aspects, both in terms of licensing and also other facilitation. Because they, potential investors, compare with other countries. Don't let investors compare, we only get bad things," he said. Heri added that the inflow of investment will also make Indonesia experience a trade surplus. This is possible when the incoming investment is in the downstream industry. So that Indonesian export goods are not in the form of raw goods, but finished or semi-finished goods that have a higher selling value. "So far, our trade surplus has been supported by commodities. For example, if we want to switch exports to high-value-added goods, which are more downstream. That is relevant to our efforts to invite investors," he concluded. Previously, Coordinating Minister for the Economy Airlangga Hartarto approached with India, Japan and New Zealand, on the sidelines of the IPEF (Indo-Pacific Economic Framework) Ministerial Meeting in Los Angeles, USA. The meeting was held separately and discussed various agendas, including to spur economic cooperation between the two countries. During the meeting, he also promoted the Indonesian economy which has the opportunity to grow 4.5-5.3 percent in 2022, the trend of increasing consumption, the rate of investment flow that continues to rise into Indonesia to the trade balance surplus that continues.
West Java Indicator of Economy