Indonesian Political, Business & Finance News

Banten Governor and Deputy Investment Minister Lead Meeting to Resolve PT Chandra Asri Investment Dispute

| Source: GALERT
Banten Governor Andra Soni and Deputy Minister of Investment and Downstreaming/BKPM Todotua Pasaribu led a facilitation meeting to resolve investment issues concerning PT Chandra Asri Alkali at the Ministry of Investment and Downstreaming/BKPM building on Jl Gatot Subroto No. 44, Jakarta, on Wednesday (14/5/2025).

Andra Soni expressed deep regret over the incident that went viral between PT Chandra Asri and the Cilegon City Chamber of Commerce (Kadin). He told reporters that the facilitation meeting firmly supported the commitment to realising investment in Banten Province so that it could proceed smoothly and on schedule.

"Delivering benefits to the Banten Province region, particularly Cilegon City," he said.

According to Andra Soni, investors are offered relaxations by the Government in the form of tax holidays and tax allowances. The implementing regulations are expected to have a positive impact on the local ecosystem.

"We must ensure Banten Province remains investment-friendly. We will socialise the existing rules of the game," he said.

He noted that in 2024, Banten Province ranked fifth nationally for investment realisation, and in 2025 the central government has set an investment realisation target of Rp119 trillion. Achieving this target requires cooperation from all parties, particularly in creating a conducive investment climate.

"God willing, incidents like the recent one will not happen again going forward," Andra Soni concluded.

While chairing the meeting, Deputy Minister of Investment and Downstreaming/BKPM Todotua Pasaribu said the gathering was a follow-up to Chandra Asri's letter regarding the viral incident involving the Chandra Asri project.

"This incident is quite concerning for our investment climate. On the Minister's instructions, I am carrying out an investment consolidation for PT Chandra Asri Alkali," he said.

The Ministry of Investment and Downstreaming/BKPM has taken over monitoring to ensure investment conditions remain conducive. PT Chandra Asri Alkali's investment is classified as a National Strategic Project (PSN) located within a vital object zone.

According to Todotua, to achieve the economic growth target of eight per cent, Indonesia requires investment realisation of approximately Rp13,000 trillion.

"This is a major challenge, but on the other hand the potential is quite significant," he said.

He expressed hope that the facilitation meeting could serve as a model for resolution in other provinces nationwide, not only for Banten Province.

Meanwhile, Banten Police Chief Inspector General Suyudi Ario Seto told reporters that the police are part of the Investment Acceleration Task Force.

"In the Banten region, we are part of the Investment Acceleration Task Force," he said.

He stated that following the viral video, Banten Regional Police would deploy a team to conduct an investigation.

"If there are suspected criminal acts, especially those disrupting the investment climate in this country, we will certainly carry out investigation and inquiry proceedings. We will process this legally to create a deterrent effect," the Banten Police Chief affirmed.

Also present at the meeting were Cilegon Mayor Robinsar, Cilegon Police Chief AKBP Kemas Indra Natanegara, the management of PT Chandra Asri Alkali, and representatives from the national and Cilegon Chambers of Commerce.
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