Latest News

Other News

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, 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.

8 September 2022

West Java Investment Tour: Ridwan Kamil’s Efforts to Make West Java the Investment Champion in ASEAN, BANDUNG — West Java Governor Ridwan Kamil on several occasions often targets West Java to be the best investment destination in the ASEAN region. This target is related to the high realization of investment to West Java in the last five years, as well as a number of advantages that the province has. Ridwan Kamil said West Java had proven itself as an investment champion compared to other provinces in the last five years. According to him, this proof is enough to take the province he leads to the next level. "That's why I now shift the investment champion, the investment champion in ASEAN. I raised the class so that it is not in the comfort zone," he told the West Java Bisnis Indonesia Investment Exploration team. According to him, although it is not easy, West Java has advantages in the HR sector, competitive wages and access to the most complete infrastructure compared to other regions. Competing with Thailand and Vietnam, according to him, is possible with the right strategy. "Regional champions are my target," he said. His party admitted that he continued to study the advantages possessed or offered by ASEAN countries that became investor destinations. According to him, West Java can follow and get a chance to win if it is supported by collaboration. “We want to learn. What are the advantages of investing in Asean? We want to go Asean," he said. Ridwan Kamil also believes that the politics of knocking on the door is more effective in attracting investment than guarding a shop. He did everything he could to make investors, especially from abroad, want to invest in West Java, including establishing close ties with the ambassadors. “I play badminton with the Danish Ambassador, ride motorbikes, bikes, and whatever, all the Ambassadors know well. Even the Korean Ambassador proudly wears my batik. Because I like to design batik too, yes. Then he also gave batik to K-Pop. Ridwan Kamil's batik has gone viral because of my name," he said. Head of the West Java One-Stop Integrated Service and Investment Service (DPMPTSP) Noneng Komara said his party was exploring West Java's target of winning the ASEAN investment as requested by Ridwan Kamil. According to him, on several occasions, he asked the governor not to include Singapore in the competitive list. "Sir, if possible, Singapore should not enter," he said. According to him, Singapore should be set aside in the list of competitiveness in West Java, so that it can focus more on exploring the advantages of a number of provinces in Thailand and Vietnam. The West Java Investment Tour was held by Bisnis Indonesia representatives from Bandung, which was held thanks to the support of the West Java Communication and Information Office (Diskominfo), the West Java Office of Investment and One Stop Integrated Services (DPMPTSP), the West Java Representative Office of Bank Indonesia, PT Migas Utama Jabar, Bank BJB, PT West Java Jamkrida, PT IBRM, and Sumedang Regency Government.

1 September 2022

First Semester of 2022, Karawang Raises IDR 15.27 Trillion Investment, KARAWANG - The Office of Investment and One Stop Integrated Services (DPMPTSP) of Karawang Regency stated that the realization of investment realization had reached Rp. 15.27 trillion in the first semester of 2022. "We are optimistic that the realization of this year's investment can reach the target," said Head of the Karawang One Stop Integrated Service and Investment Service (DPMPTSP), Eka Sanatha, Tuesday (30/8/2022). He conveyed that the investment achievement had reached 51.16 percent of the target set by the West Java Provincial Government of IDR 29.85 trillion, in line with the improving economy. In addition, he continued, the development of infrastructure development also contributed to the continued increase in investment in Karawang. "National strategic projects such as high-speed rail lines, PLTGU and others being built in Karawang also support increased investment in Karawang," he said. Based on local DPMPTSP records, investment in Karawang in 2019 before Covid-19 reached Rp24.29 trillion. However, investment experienced a 31.12 percent decline in 2020 due to the Covid-19 pandemic. "Throughout 2020, investment realization only reached Rp. 16.73 trillion," said Eka. Furthermore, investment began to increase in 2021, even surpassing the investment achievement in 2019, with the realization reaching IDR 26.63 trillion or an increase of 59.17 percent compared to 2020. Judging from the record of investment realization over the last few years, it is estimated that there will be an increase in investment realization in Karawang in the coming years.

1 September 2022

Garut Regent: Investment in Garut is Profitable

PORTALJABAR, KAB. GARUT - Investment in Garut Regency is guaranteed to be profitable. This was revealed by the Regent of Garut, Rudy Gunawan, when giving a speech at the groundbreaking event for the construction of the Garut City Plaza (Ciplaz) Building, which is located on Jalan Guntur, Garut City District, Garut Regency, Monday (29/8/2022). "I thank you (for the construction of Ciplaz) and convey to your friends in Jakarta, friends of the Chief of Police, friends of Mr. Court, come to Garut, investment in Garut is profitable," he said. He is also grateful for the implementation of laying the first stone for the construction of Ciplaz Garut, because through this activity Garut Regency will have new facilities for the benefit of the community. "Well, of course I hope that this is part of how the service is provided by the private sector to the community, because this is a business, with us it is not allowed to do business, (making) zero rupiah permits except for the stipulated retribution," he said. Director of PT. Jakarta Inti Land (JIL), Ugik Kurniadi, said that in Ciplaz Garut, there will be shops, hotels and facilities, which are planned to be completed by the end of 2023. "The construction for our shop outlets will be completed approximately before next year's Eid so around April, while overall we will complete it by the end of November 2023 or December," he said. In the construction of Ciplaz Garut, added Ugik, his party appointed a contractor who had legal requirements, namely PT. Total Build Persada. "We hope that what we have prepared today can really achieve our goal, namely regarding time, and of course we hope that the role of Total (PT. Total Bangun Persada) here as our partner (or) our partners can provide benefits to the environment, to job opportunities that are suppliers and so on in the Garut Regency area," he added. He hopes that through the construction of shops and hotel facilities that will come, it can provide benefits for Garut Regency, especially for regional income. "In principle, what we are going to build is really first to meet the regulations, the second can really provide a lot of opportunities for all the potential that exists in the city of Garut, especially with regard to the procurement of supplies needed from the operation of this building including labor. ," he said.