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Indonesia's BKPM Simplifies Monitoring for Investors.

JAKARTA, Feb 9, 2015 - (ACN Newswire) - Capital Investment Coordinating Board (BKPM) Chairman Franky Sibarani has stated that his board will provide online monitoring facilities to investors to assist them in checking the progress of their investment permit applications.

Investors can monitor the progress of their investment permit applications and compare it with the deadline as arranged in the Standard Operating Procedure (SOP), he stated.

"BKPM tries to facilitate the investors through fast, simple, transparent, and integrated issuance of investment licenses," the BKPM chief said here on Monday.

Franky made the statement during the signing of a memorandum of understanding (MoU) on the information security system to support the BKPM and its central and regional integrated one-roof service system (PTSP).

The MoU was inked with Djoko Setiadi, the head of the State Code institute (Lemsaneg), at the BKPM building in Jakarta.

He said the central PTSP at the BKPM now serves 138 business licensing groups and five business sectors that have been integrated.

Five business sectors that can now avail services from the central PTSP are electricity, industry, industrial zones, tourism and agricultural sectors.

According to Franky, the licensing issuance process is being handled by 77 officials in 22 ministries and institutions.

"We will try to speed up the service time, simplify licensing procedures, and study the permits that could be handled under one roof," he emphasized.

He noted that the central PTSP has been formed as an initial step to boost competitiveness, particularly as compared to other ASEAN member countries.

In the meantime, the MoU is being inked between the BKPM and the Lemsaneg to increase the use of codes and information technology and communication in the implementation of the central and regional PTSP, he explained.

Franky had earlier expressed hope to create a synergy with Indonesian envoys to lure foreign direct investments to Indonesia.

Indonesian envoys overseas can disseminate information about the government's efforts to improve the country's investment climate, Sibarani remarked last week.

He is optimistic that the country's foreign investment target for 2015 can be achieved if there is a synergy between his office and the Indonesian ambassadors.

"BKPM has set the target of attracting foreign investments worth Rp343.7 trillion, out of the total investment target of Rp519.5 trillion," he stated.

He hopes that the foreign investment funds will come from Singapore and other ASEAN member nations such as China, South Korea, Japan, the United States, and the European nations.

"The government has adopted a new paradigm for investments by launching the PTSP, which was recently officiated by President Jokowi," he remarked during a coordinating meeting of the foreign affairs ministry's leadership last Tuesday.

The BPKM has noted that foreign investors often complain about poor infrastructure, poor logistics, complicated licensing procedures, overlapping regulations, and poor industrial relations.

So, the government has been addressing poor infrastructure and logistics problems by constructing sea tolls, railway network, and power plants.

Earlier, President Joko "Jokowi" Widodo urged Indonesian envoys to hone their instincts to identify the economic potential of their host countries.

"As Jakarta's governor for two years, and now, the president for the last three months, I received several foreign ambassadors and nearly 90 percent of them spoke about economic issues," Jokowi remarked while opening the coordinating meeting of the foreign ministry's leadership.

Indonesian ambassadors must lay greater emphasis on economic diplomacy, he stated.

The meeting held on February 2-5, 2015 was attended by some 132 heads of Indonesian representatives, ambassadors, consul generals, and charge d'affaires. (Antara)

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Publication:ACN Newswire
Geographic Code:9INDO
Date:Feb 9, 2015
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