ID :
101884
Fri, 01/22/2010 - 23:06
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https://www.oananews.org//node/101884
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News Focus: ONE-STOP SERVICES SYSTEM FOR INVESTORS DRAWS FAVORABLE REACTIONS
By Bustanuddin
Jakarta, Jan 22 (ANTARA) - A policy to apply the one-stop services system in Indonesia`s investment sector has drawn positive reactions from related parties amid the government's endeavors to achieve its economic growth target of 6 percent to 6.8 percent per year.
The policy was aimed to make it easier for investors to meet existing bureacratic requirments and improve the Investment Negative List as part of efforts to achieve the economic growth target, Capital Investment Coordinating Board or BKPM chief Gita Wirjawan has said.
Wirjawan during a visit in Pekanbaru, Riau province, on Monday (Jan 18) said the government had set its investment target for 2010 at US$ 25 billion - US$ 35 billion.
On November 2009 or a month after his installation, Wirjawan stated he would give priority to efforts to create an integrated one-stop services system to improve the process of obtaining investment approvals in Indonesia.
The policy was adopted in line with the government`s commitment to make it easier for local and foreign investors to operate in Indonesia.
A couple of days after Wirjawan made the statement in Riau, Australian Ambassador to Indonesia, Bill Farmer told Antara in an interview in Jakarta on Thursday (Jan 21) that the policy to apply the one-stop services system is expected to encourage more Australian investors to sink their capital in the country.
"We are very encouraged by the commitment of the chief of Indonesia`s Capital Investment Coordinating Board
(BKPM), Gita Wirjawan, to apply the one-stop services system for investors, he said.
Farmer also expressed hope that the new policy would make it much easier for Australian investors to put their money in several industrial sectors in Indonesia.
According to Farmer, Australian investment in the mining sector in Indonesia had decreased over the past few years for several reasons, namely security conditions in Indonesia which some investors considered to be not conducive.
"Some investors in the mining sector have complained about difficulties in obtaining approvals from local and national government officials because the latter adhere to different policies," he said.
The envoy said further that up till now, there were 400 Australian companies engaged in several sectors in Indonesia, namely mining, finance, banking, transportation and food and beverages.
Apart from that, some 200 businessmen from countries grouped in the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) will attend a meeting in Pekanbaru, Riau Province, February 5-7, 2010 to discuss investment.
In the 28th Joint Business Council Meeting (JBCM) 2010 of IMT-GT, the businessmen would discuss investment cooperation in the fields of among other things, infrastructures, tourism, human resources, agriculture, and plantation.
M Herwan, Executive Director of the Riau chapter of the Indonesian Chamber of Commerce and Industry (Kadin), made the statement on Thursday, adding that most of the businessmen who will join the IMT-GT meeting are members of respective countries` chambers of commerce and industry.
In addition, on January 18, Wirjawan said that a total of 15 ministries and technical institutions have delegated their authority to the Capital Investment Coordinating Board or BKPM on the implementation of the One-Door Integrated Services system for investors.
"At least 15 ministers and high ranking officials have signed a statement delegating authority to BKPM on the related investment process of the One-Door Integrated Services system," he said.
The 15 ministries are among others industry ministry, trade ministry, home affairs ministry, finance ministry, justice and human rights ministry and the national police, he said.
According to him, through the delegation of authority, all permits related to foreign investments or domestic investment will only be processed at BKPM in accordance with the PTSP program in effort to start their investment.
He reiterated that the government made such progress in the economic field in effort to ease investing and improve the Investment Negative List in order to achieve the economic growth target of 6 to 6.8 percent per year as set by the government.
"Thus, an investor will no longer necessary to go back and forth to each ministry for instance in a bid to provide an immigration permit to foreign workers, it can be obtained at the BKPM through the immigration technical equipment," he said.
In 2009, the realization of domestic investment in the country ranging from US$ 13 to 14 billion, while foreign investors contributed ten percent of the amount.
Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said.
"It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible. We will work hard to attract foreign and domestic investors," Gita Wirjawan said.
He said that Indonesia now had good assets to attract private investment which was targeted at 55 percent of the total investment need.
The BKPM chief said that one of the good assets was the well-preserved macro economic stability. Regardless of it however, the government still had to do various homeworks, apart from improvement of regulations and bureaucratic reforms that had been carried out so far.
"There are homeworks that have to be done in order to improve the investment climate," he said.
Apart from macro economic stability, the establishment of special economic zones would also help attract foreign investors to do business in Indonesia, he added.
In the meantime, Hiramsyah Sambudi Thaib, president director of Bakrieland Development, said that the biggest foreign investment was usually made in the infrastructure sector.
Therefore, the government should be able to attract foreign investors to do business in the country not only in the capital market but also in other sectors.
"Infrastructure is needed. The government should soon issue policies that attract foreign direct investment (FDI), not only capital market investors, but also long-term ones," he added.***
Jakarta, Jan 22 (ANTARA) - A policy to apply the one-stop services system in Indonesia`s investment sector has drawn positive reactions from related parties amid the government's endeavors to achieve its economic growth target of 6 percent to 6.8 percent per year.
The policy was aimed to make it easier for investors to meet existing bureacratic requirments and improve the Investment Negative List as part of efforts to achieve the economic growth target, Capital Investment Coordinating Board or BKPM chief Gita Wirjawan has said.
Wirjawan during a visit in Pekanbaru, Riau province, on Monday (Jan 18) said the government had set its investment target for 2010 at US$ 25 billion - US$ 35 billion.
On November 2009 or a month after his installation, Wirjawan stated he would give priority to efforts to create an integrated one-stop services system to improve the process of obtaining investment approvals in Indonesia.
The policy was adopted in line with the government`s commitment to make it easier for local and foreign investors to operate in Indonesia.
A couple of days after Wirjawan made the statement in Riau, Australian Ambassador to Indonesia, Bill Farmer told Antara in an interview in Jakarta on Thursday (Jan 21) that the policy to apply the one-stop services system is expected to encourage more Australian investors to sink their capital in the country.
"We are very encouraged by the commitment of the chief of Indonesia`s Capital Investment Coordinating Board
(BKPM), Gita Wirjawan, to apply the one-stop services system for investors, he said.
Farmer also expressed hope that the new policy would make it much easier for Australian investors to put their money in several industrial sectors in Indonesia.
According to Farmer, Australian investment in the mining sector in Indonesia had decreased over the past few years for several reasons, namely security conditions in Indonesia which some investors considered to be not conducive.
"Some investors in the mining sector have complained about difficulties in obtaining approvals from local and national government officials because the latter adhere to different policies," he said.
The envoy said further that up till now, there were 400 Australian companies engaged in several sectors in Indonesia, namely mining, finance, banking, transportation and food and beverages.
Apart from that, some 200 businessmen from countries grouped in the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) will attend a meeting in Pekanbaru, Riau Province, February 5-7, 2010 to discuss investment.
In the 28th Joint Business Council Meeting (JBCM) 2010 of IMT-GT, the businessmen would discuss investment cooperation in the fields of among other things, infrastructures, tourism, human resources, agriculture, and plantation.
M Herwan, Executive Director of the Riau chapter of the Indonesian Chamber of Commerce and Industry (Kadin), made the statement on Thursday, adding that most of the businessmen who will join the IMT-GT meeting are members of respective countries` chambers of commerce and industry.
In addition, on January 18, Wirjawan said that a total of 15 ministries and technical institutions have delegated their authority to the Capital Investment Coordinating Board or BKPM on the implementation of the One-Door Integrated Services system for investors.
"At least 15 ministers and high ranking officials have signed a statement delegating authority to BKPM on the related investment process of the One-Door Integrated Services system," he said.
The 15 ministries are among others industry ministry, trade ministry, home affairs ministry, finance ministry, justice and human rights ministry and the national police, he said.
According to him, through the delegation of authority, all permits related to foreign investments or domestic investment will only be processed at BKPM in accordance with the PTSP program in effort to start their investment.
He reiterated that the government made such progress in the economic field in effort to ease investing and improve the Investment Negative List in order to achieve the economic growth target of 6 to 6.8 percent per year as set by the government.
"Thus, an investor will no longer necessary to go back and forth to each ministry for instance in a bid to provide an immigration permit to foreign workers, it can be obtained at the BKPM through the immigration technical equipment," he said.
In 2009, the realization of domestic investment in the country ranging from US$ 13 to 14 billion, while foreign investors contributed ten percent of the amount.
Investment in the country may reach Rp2,000 trillion so that the average economic growth target of 7 percent in the coming five years is achievable, the investment chief said.
"It is not easy to attract an investment of Rp2,000 trillion but it is neither impossible. We will work hard to attract foreign and domestic investors," Gita Wirjawan said.
He said that Indonesia now had good assets to attract private investment which was targeted at 55 percent of the total investment need.
The BKPM chief said that one of the good assets was the well-preserved macro economic stability. Regardless of it however, the government still had to do various homeworks, apart from improvement of regulations and bureaucratic reforms that had been carried out so far.
"There are homeworks that have to be done in order to improve the investment climate," he said.
Apart from macro economic stability, the establishment of special economic zones would also help attract foreign investors to do business in Indonesia, he added.
In the meantime, Hiramsyah Sambudi Thaib, president director of Bakrieland Development, said that the biggest foreign investment was usually made in the infrastructure sector.
Therefore, the government should be able to attract foreign investors to do business in the country not only in the capital market but also in other sectors.
"Infrastructure is needed. The government should soon issue policies that attract foreign direct investment (FDI), not only capital market investors, but also long-term ones," he added.***
