PT Bahana Artha Ventura has transferred shares of the Bali Kerthi Development Fund to PT Jamkrida Bali Mandala to promote economic growth and infrastructure development in Bali.

Target Information

PT Bahana Artha Ventura (BAV) has officially signed a share transfer agreement for the Bali Kerthi Development Fund (BDF) to PT Jamkrida Bali Mandala (JBM). Previously known as PT Sarana Bali Ventura, BDF is an affiliate company of BAV operating in the Bali province. This strategic transfer signifies a commitment to enhancing economic growth in Bali by increasing investment through the incorporation of new investors.

Agus Wicaksono, the CEO of BAV, emphasized that transferring BDF shares to JBM, a regional state-owned enterprise, aligns with the goals set by the Ministry of National Development Planning and the National Development Planning Agency (Bappenas). This initiative is aimed at supporting regional economic development to stimulate the influx of investment and foster infrastructure improvements in Bali.

Industry Overview

The investment landscape in Indonesia, particularly in Bali, has been significantly shaped by recent economic policies aimed at fostering growth and development. The Indonesian government has recognized th