The Provincial Government through the Jakarta Investment Center (JIC) will assist investors who will invest in Jakarta, starting from the initial stage, applying for permits to the stage of realizing investment. On that basis, the Jakarta Investment Center (JIC) held its third webinar on November 24, 2020, with the theme “Health Management and Social and Economic Recovery”, this webinar is expected to be a solution for investors who wish to invest in Jakarta during the pandemic and become solutions for the community in facing the Covid 19 Pandemic, especially the people in Jakarta. This webinar was led by Khanti Saras as the Master of Ceremony and Moderated by Lady Malino, who then presented 4 speakers, namely Mr. Anies Rasyid Baswedan, Ph.D. as the Governor of DKI Jakarta, then there was Prof. dr. Amin Soebandrio, Ph.D., Sp.MK as Head of the Eijkman Institute for Molecular Biology, then there is Mrs. Masyita Crystallin Ph, D as Special Staff of the Minister of Finance for Fiscal and Macroeconomic Policy Formulation, then the last one is Mrs. Shinta Kamdani as Deputy Chairperson for Relationships International Kadin Indonesia. In this webinar, Prof. Amin emphasized that "Hopefully, the first or early second quarter of the vaccine can be submitted to biopharma for immediate clinical trials, and inshallah in 2022 we can get a meter test of the vaccine." a glimmer of hope in facing Covid 19, followed by data from Mrs. Mashita which shows that "Economic Pressure in Developing Countries in Asia is relatively better among others, benefited by the recovering Chinese economy" which indicates that investment opportunities in developing countries, including Indonesia still possible and economic activity is expected to continue to improve. As a business actor, Mrs. Shinta affirms that "All business actors are experiencing demand shock, or demand continues to increase but the availability of goods or capital continues to run low. However, there must be an adaptation strategy and initiatives of business actors to stimulate the economy during the Covid 19 crisis, including optimizing digital platforms”, indicating that business actors are required to be creative in marketing their goods to support the Indonesian economy, especially Jakarta during the Pandemic. Then the session of this resource person was closed with Mr. Anies statement that "the government must move quickly, even though it does not know when the peak of the pandemic will be but the set of the policy must be ready to be executed later."
JIC Talks was held in 2 sessions on October 27, 2020, and November 2, 2020, by zoom meeting, discussed Investment Research Insight to explore ways of preparing effective investment promotion research by inviting speakers from academic and practitioner, namely Mrs. Ira Fachira, Ph.D., Head of Bachelor of Management Program & Assistant Professor in ITB School of Business & Management and Mr. Rhesa Yogaswara, Chairman of the Institute for Development of Potential Rulers (LP3-HIPMI JAYA). In the first session on October 27, 2020, Mrs. Ira Fachria talked about an introduction to marketing research and research design & data sampling processes. While Mr. Rhesa Yogaswara explained more details about the type of sampling method divided into 2 methods, namely, probability sampling and non-probability sampling. In the second session on November 2, 2020, Mr. Rhesa Yogaswara provided an explanation of marketing plans & strategies and the importance of digitalization trends, big data, and digital platforms for the consumer in a disruptive world. And Mrs. Ira Fachria mentioned 7 important steps of data processing and quantitative analysis, namely familiarization with the data, construction of an initial set of categories, refining and grouping together of categories, constant comparison, new data collection, theory construction, and description of the findings. This time the JIC Talks were attended by related SKPD, BUMN, BUMD, and private sector. Although the number of participants was less than the JIC Talks Series 1, the discussion time was very lively and full of energy because our speakers were not only experts in theory but also real-life practice.
JIC Talks was held on September 24, 2020, by a zoom meeting, discussed the importance of a cold chain management system for city food security. There is one of the support systems, namely the logistic railroad distribution system. The management of these two aspects must be able to create national food security that is strong against all problems and disasters. Management must be carried out optimally considering the two aspects are compatible. It is expected that the JIC Talks will open insights and knowledge related to a more innovative food security system to provide improvements to the existing food system. “As a city of consumption, DKI Jakarta has quite a lot of transportation facilities. Future transportation requires a well-platform digitalization system which makes it easy to monitor the delivery and the available stock fast and on time.” said one of the interviewees of this event, Ir. Hasanuddin Yasni, MM, Chairman of the Indonesian Cooler Chain Association (ARPI). “The need for Cold Supply Chain for Food Security in DKI Province will continue to increase very significantly, especially during the current Covid-19 pandemic. Therefore, Indonesian Logistics Railway LLC (KALOG) is ready to support the DKI Food Security Cold Supply Chain program by providing inter-city rail transport and terminals/depots in the DKI area to serve as Logistics HUB.” said VP Corporate Planning/Strategic KALOG Business Expert, Mr. Edi Sudiarto. This time the JIC Talks were attended by related SKPD, BUMD, and private sector. This event received a lot of positive responses from guests because even though the activity participants were limited to 100 invited people, many other people still wanted to participate in the event.
Head of Indonesia Investment Coordinating Board (BKPM), Bahlil Lahadalia, stated that Covid-19 pandemic would cause systemic, massive and structured impact in Indonesia. Therefore, investment realization in the second quarter of 2020 is predicted to go down. Bahlil said that this pandemic condition has pushed government to stop relying on the sectors previously considered as flagship. At this moment, the investment priority sectors are manufacture, downstream, and health sectors. According to Bahlil’s explanation, in the next four to five months, BKPM will focus on drawing new investments especially in the health sector. He told that a meeting was already held with the Association of Medical and Laboratory Equipment (Gakeslab) and the Association of Indonesia Private Hospitals (ARSSI) discussing investment opportunity in the medical and laboratory equipment. In confronting this Covid-19 Pandemic, BKPM will implement a 3+1 strategy, which is basically to optimize the existing investment realization, solve the stalled/unfinished investments, conduct investment promotion, and build inward consolidation to prepare for post pandemic condition. BKPM will not only focus on seizing foreign investment but also targeting domestic investment potential as well. As indicated in the first quarter data released by BKPM, Domestic Investment (PMDN) realization in that period was higher than that of Foreign Investment (PMA). This is a first. Therefore, BKPM will keep pushing PMDN to be maximized. As for PMA, it cannot be denied that there has been rescheduling in the implementation of investment realization due to Covid-19 pandemic.
Morgan Stanley, an investment bank and a retail broker based in New York, has just released a study on countries in Asia that would likely recover fastest. The research entitled “Which Economy Emerges First on the Path to Recovery”. In this research, Morgan Stanley divides the recovery of Asian countries into 4 group categories, starting from the fastest to the slowest. The first group is China, which is predicted to be the first Asian country (outside Japan) whose economy will recover to the Gross Domestic Product (GDP) rate as per pre-Covid-19, which will be in the third quarter of 2020. China has domestic demand oriented economy. The ease of ongoing policies is predicted to fasten its economic recovery. The second group belongs to the Philippines, Indonesia, and India which are predicted to get lower impact of global recession due to high structural growth driven by domestic sector. These three countries can get back to the pre-Covid-19 level just after China. However, there are some risks for those countries where Covid-19 does not reach its peak in the second quarter of 2020. When this happens, this second group will be behind the third group in recovery time. Further, the third group consists of South Korea and Taiwan. The economy of these two countries is export-oriented and will get global recession impact. Nevertheless, institutional response of these countries to the domestic handling of Covid-19 is very effective and some improving domestic demand indicators may fasten their economic recovery. The last group or the fourth one includes Thailand, Malaysia, Hong Kong, and Singapore. Some countries in this group have export-oriented economy and considered the biggest in Asia (excluding Japan). And some countries implemented lockdown policy that could lead them to a double hit on export and domestic demand. Morgan Stanley sees that this group might need longer recovery period, predicted to be in the first quarter of 2021. Their economic growth tends to decrease.
Although busy in tackling the COVID-19 pandemic, the DKI Jakarta Provincial Government continues to do its job to invite investors to invest in Jakarta by participating in the Singapore Indonesia Investment Day (IID). This event is a collaboration between the Indonesian Embassy in Singapore, the Bank Indonesia Foreign Representative Office in Singapore, and the BKPM Representative Office in Singapore (IIPC), which is held virtually through the investindonesia.sg website. The Indonesian Embassy in Singapore on July 22, 2020 held the Grand Launching 3rd Indonesia Investment Day (IID) Singapore. The event was also attended online by around 469 participants via zoom and 340 views via YouTube, which consisted of the Chamber of Commerce in Singapore, Singapore and Indonesian media, and representatives of the Indonesian government throughout the world. On this occasion the DKI Jakarta Provincial Government, which was attended by the Office of Communication, Information and Statistics, the Investment Office and PTSP, the Regional Planning and Development Agency, the Economic and Financial Bureau, the Regional Cooperation Bureau, and Bank Indonesia Jakarta Provincial Representative Office, held a joint meeting and witnessed the Grand Launching as a form of the seriousness of the DKI Jakarta Provincial Government in finding investors. The Governor of DKI Jakarta Province, Anies Baswedan, gave a speech by highlighting transportation and sustainable development, calling on investors to build the city of Jakarta together with the DKI Jakarta Provincial Government. DKI Jakarta Provincial Government offers 9 BUMD projects including MRT and Intermediate Treatment Facility (ITF) which are included in national strategic projects. It is hoped that by participating in the IID in DKI Jakarta Provincial Government projects for the benefit of the community it can be realized immediately. The IID is planned to be held in August to October 2020, attended by 11 provinces and more than 80 projects that have been carefully curated and are now ready to receive investment from abroad. The projects offered are ready to offer and clean and clear. There was an increase of about 30 percent for the participating provinces and the projects offered. Meanwhile, the investment fields offered by the 11 provinces varied from infrastructure, agribusiness and tourism. In this series of events 11 webinars will be held which will inform in detail about the projects offered by each province. A one-on-one meeting platform will be provided which aims to facilitate the interaction of foreign investors with project owners and local governments, and to realize their investments in Indonesia. Based on BKPM data the contribution from Indonesia Investment Day can be seen from the realization of the first and second quarters of 2020, Singapore's investment value in the first quarter rose 58% from the same period in 2019, with a value of USD $ 2.72 billion, and in the second quarter up 14% from the same period a year earlier, valued at USD $ 1.95 billion.
Indonesia's EODB rating (Jakarta 78% and Surabaya 22%) is significantly determined by the investment performance of DKI Jakarta province. In the last 3 years, it always shows an increase in value even though it is not accompanied by an increase in rank. In 2017, DKI Jakarta Province ranked first of all provinces in Indonesia in achieving the realization of PMA and PMDN investment. The investment realization of DKI Jakarta Province always shows a positive trend with achievements year-on-year 2019 of 8.8% while year-on-year 2018 was 5.1%. Investment Realization in DKI Jakarta Province in 2019 based on the amount of investment, there are 5 sectors that are of interest to foreign investment investors, namely: • Transportation, Warehouse and Telecommunication • Housing, Industrial Estates and Offices • Other Services • Trade and Repair • Mining In addition, the realization of PMDN and PMA investment in the third quarter of 2019 managed to penetrate Rp. 41.1 trillion. This number is the highest in the history of investment realization in DKI Jakarta per quarter. The investment performance of the transportation, warehouse and telecommunications sector in 2019 shows a positive trend where it recorded investment growth of 234.17% (yoy) and experienced a growth of 624.75% against 2017. The Housing, Industrial Estates and Offices sector in 2019 recorded an investment growth of 107, 19% (yoy) but experienced a decline in investment of 18.66% against 2017. For the investment performance of the Other Services Sector, 2019 recorded a growth in total investment of 221.17% (yoy) but experienced a decrease in investment of 39.4% compared to 2017. On the Sector side Trade and Repair in 2019 recorded investment growth of 27.43% (yoy) but experienced a significant decline in investment of 85.63% against 2017. While the investment performance of the Mining Sector in 2019 showed a positive trend where it recorded investment growth of 1,738.4% (yoy) and experienced a growth of 520.47% against year 2017.
The economic growth of DKI Jakarta in the second quarter of 2020 experienced a deep contraction as a result of the COVID-19 pandemic. The economy of DKI Jakarta in this quarter contracted by -8.22% (yoy), a sharp decline compared to the previous quarter which still grew positively by 5.06% (yoy). This development is inseparable from the impact of the weakening global economy in line with the COVID-19 pandemic and the decline in domestic economic activity as a result of the Large-Scale Social Restrictions (PSBB) policy to prevent the spread of the COVID-19 pandemic. Growth contraction occurred in all components of DKI Jakarta's PDRB (Gross Regional Domestic Product) expenditure, with the deepest contribution to the decline coming from investment spending (Gross Fixed Capital Formation) and household consumption. Investment in Jakarta has decreased apart from the impact of the global economy as well as the implementation of the PSBB resulting in shorter working hours and a reduction in the number of field workers as a result of the need to maintain distance according to health protocols. However, investment contraction was more restrained from investment originating from PMA and PMDN in Jakarta, which reached 30.1 trillion Rupiah. The investment value of PMA and PMDN Jakarta is the highest nationally. Investment has a significant contribution to driving Jakarta's economic growth with a share of 34% of GDP. For this reason, various efforts to increase investment in Jakarta need to be carried out on an ongoing basis. The current conditions of the COVID-19 pandemic are a strong impetus to continue to increase investment through promotional activities to attract and convince investors to invest in various potential projects in Jakarta. Support for investment activities in Jakarta is provided by the DKI Jakarta Provincial Government through various policies issued, including ease of licensing for doing business and readiness in dealing with investment problems. One of the promotional activities that have been carried out by the government is the holding of the international Indonesia Investment Day (IID) event, which is a series of investment promotion activities in a number of regions in Indonesia. The organizers of the IID are the Indonesian Embassy in Singapore, the Indonesia Investment Promotion Center (IIPC) Singapore and the Bank Indonesia Representative Office in Singapore. IID this year is the 3rd time and specifically this year's event is held virtually in response to the COVID-19 pandemic conditions in various parts of the world. The 3rd Virtual Grand Launching of IID was carried out on July 22, 2020 which was then continued with a series of promotional activities in various provinces, namely East Java, Central Java, North Sumatra, North Sulawesi, DKI Jakarta, Bandar Lampung, West Nusa Tenggara, West Java, East Kalimantan, Riau Islands and South Sulawesi. The implementation of IID in the regions involves the Provincial Government, Bank Indonesia Representative Officers, investment project owners and foreign investors who are interested in investing in Indonesian territory. IID 2020 for DKI Jakarta Province will be held on September 8-9 2020 which consists of Webinar sessions and One-on-One Meeting. The projects offered at this event are the MRT North-South / East-West line, Jakarta LRT, Transit Oriented Developments, Intermediate Treatment Facility - Jakarta Waste to Energy and Jakarta Industrial Estate Pulogadung. The webinar was opened by the Indonesian Embassy in Singapore, the Governor of Bank Indonesia, the Head of BKPM and the Regional Governor of the DKI Jakarta Province and was attended by the Head of the DKI Jakarta Provincial Bank Indonesia Office, DKI Jakarta Provincial Government officials, related agencies, investors and the public. It is hoped that the holding of the IID event will be able to encourage increased investment in Jakarta and economic activity in DKI Jakarta.
Curabitur blandit eros justo, in tincidunt nulla posuere eu. Nulla ultrices velit eros,
nec porttitor ipsum scelerisque nec. Ut porta hendrerit tristique
We provide a wide range of investment services like developing a business plan, identifying market needs, and developing the necessary skills for business. Jakarta Investment Centre takes part of boosting investment performance in JakartaMore Info
Our goal is to offer various investment projects in Jakarta. We focused on projects that shapes effective public investment. Public investment can be powerful tool to boost growth and provide right infrastructure to leverage investment. Our cross-cutting challenges are how to address urban issues and to create investment opportunities.More Info
We coordially invited all investors partners to contribute on our future investment plan. We aimed investment strategies that based on results-oriented, realistic, and well-informed. our strong bilateral cooperation will be a great best practice example and development.More Info