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President Jokowi believed high investment for iron, steel, and petrochemical sectors could be able to lower the current account deficit.
The Investment Coordinating Board (BKPM) said that the U.S.-China trade war positively affected the Indonesian economy through relocation investment.
President Joko Widodo or Jokowi Monday, January 14 inspected Online Single Submission (OSS) in the Capital Investment Coordinating Board (BKPM) office
"I believe the BKPM should not only deal with licenses but also other factors of interest to investors."
From December 2015 to April 2015,nine investment projects worth Rp10.11 trillion failed to start.
"Their investment trend in Indonesia is on the rise," BKPM chief says.
BKPM bags a US$2.3-billion worth of investment commitment from its marketing tour to Tokyo and Osaka.
The 17 investors comprise 15 people from South Korea, one from the United Kingdom and another from Japan, a BKPM official says.
BKPM official asks investors to submit the requests through the agency's one stop services facility.
Actualized investments in Q1/2015 amounted to Rp124.6 trillion, a 16.9 percent increase from the previous quarter.
The Investment Coordinating Board (BKPM) is targeting conventional industries to go green by 2020.
BKPM chief says there are 19 investment plans worth US$ 8.9 billion from Japanese investors.
As part of the rupiah rescue plan, the government will provide lax rules for export-oriented investors.
The board sent letters of notification to 15,528 companies, but more than 2,000 letters were returned.
The heads of the two state institutions signed the MoU that will ensure investors' data security on Monday, Feb. 9.
BKPM gives the company 30 days to submit their business activity reports, or else their principle licenses will be suspended.
Three Chinese companies are ready to invest US$19.9 billion, says BKPM chief Franky Sibarani.
Foreign investment is expected to contribute the largest share of up to Rp343.7 trillion.
The one-stop integrated service will be fully operational on January 26, 2015, BKPM head says
Investors are threatened to lose their investment principles licenses if they fail to submit their investment activity reports in 30 days.