Investment Issues Given One Month Deadline to Fix Says BKPM

Translator

Ricky Mohammad Nugraha

Editor

Petir Garda Bhwana

Kamis, 12 September 2019 10:34 WIB

TEMPO.CO, Jakarta - Head of the Investment Coordinating Board (BKPM) Thomas Lembong recalled that he has been given a one-month deadline by President Joko “Jokowi” Widodo to solve issues within Indonesia’s investment climate.

“[President Jokowi] said that the state ministers must be reprimanded by the head of BKPM. The lack of foreign direct investments (FDI) is because of burdening rules and requirements. So Mr.President, I will be allowed to be aggravated by the situation. I am permitted by the President to do that,” the BKPM Head recalls on Wednesday.

As an immediate follow-up, Thomas says that the board will start to keep track of the regulations and permits that are hampering the country’s investment growth. Not only that, but he also asserts that nearly every state ministry and agency have, in one way or another, contributed to producing the burdening regulations.

“One common complaint in the business is about inspections done by surveyors such as pre-shipment inspections. And inspections by PT Sucofindo, PT Surveyor Indonesia, those are in all honesty not contributing to added value, but rather adding issues,” said Thomas Lembong.

BISNIS

Related News

Jokowi Launches 6 Hospital-Based Medical Residency Programs

6 jam lalu

Jokowi Launches 6 Hospital-Based Medical Residency Programs

President Joko "Jokowi" Widodo inaugurated the launch of the hospital-based medical residency programs on Monday, May 6, 2024.

Read More

Prabowo Urged Not to Bring 'Toxic' People into Cabinet

6 jam lalu

Prabowo Urged Not to Bring 'Toxic' People into Cabinet

Coordinating Minister Luhut's suggestion to Prabowo not to include 'toxic' people in the new cabinet has sparked a polemic.

Read More

Jokowi Responds Positively on Prabowo's Presidential Club Initiative, Hopes it Can Be Done Every Two Days

2 hari lalu

Jokowi Responds Positively on Prabowo's Presidential Club Initiative, Hopes it Can Be Done Every Two Days

Indonesian President Joko Widodo or Jokowi has responded positively to the idea of the Presidential Club

Read More

Prabowo Subianto to Form 'Presidential Club', Spokesperson Claims

3 hari lalu

Prabowo Subianto to Form 'Presidential Club', Spokesperson Claims

Prabowo Subianto's spokesperson, Dahnil Anzar Simanjuntak, spoke about Prabowo's desire to have regular meetings with former Indonesian presidents.

Read More

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

3 hari lalu

Investment Minister Vows to Accelerate Indonesia's Sugar, Bioethanol Self-Sufficiency

Bahlil will accelerate the facilitation of investment to achieve sugar and bioethanol self-sufficiency

Read More

Jokowi Says Garuda Team's Achievement in U-23 Asian Cup Worthy of Appreciation

3 hari lalu

Jokowi Says Garuda Team's Achievement in U-23 Asian Cup Worthy of Appreciation

Jokowi believed the achievements of the Indonesian U-23 National Team in the 2024 Asian Cup were worthy of appreciation.

Read More

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

3 hari lalu

EU Delegation Visit IKN to Explore Investment Opportunities, Authority Says

IKN Authority deputy head claims that investment opportunities in IKN are attracting European attention.

Read More

Jokowi Pushes for Agricultural Downstream to Stabilize Corn Prices

3 hari lalu

Jokowi Pushes for Agricultural Downstream to Stabilize Corn Prices

Jokowi is encouraging downstream to stabilize corn prices.

Read More

Jokowi Allows Up to 16-year Term for Village Heads

3 hari lalu

Jokowi Allows Up to 16-year Term for Village Heads

President Joko Widodo or Jokowi inked the ratification of Law No. 3 of 2024 on villages or the Village Law.

Read More

Jokowi Blames Great Harvest for Falling Corn Price

3 hari lalu

Jokowi Blames Great Harvest for Falling Corn Price

President Joko Widodo or Jokowi said that the price of corn is currently falling because of the peak harvest period in various regions of Indonesia.

Read More