BKPM Can Issue Permits if Ministries Miss 10-Day Deadline

Investment and Downstreaming Minister Rosan Roeslani has stated that the Investment Coordinating Board (BKPM) can independently issue business permits if the relevant ministries do not provide a decision within a 10-day period. This policy, established under Government Regulation No. 28, is designed to reduce the uncertainty that has been a major complaint among investors. Previously, the service level agreement (SLA) was only a recommendation, causing permits that should have been completed in 10 days to be delayed for up to three months. By making the deadline binding, the government aims to make the licensing process more predictable and boost investor confidence, ensuring that investment opportunities are not lost due to slow bureaucracy.

To further support this, the government is integrating the Online Single Submission (OSS) system with 18 ministries and agencies and plans to strengthen the platform with blockchain and artificial intelligence. Blockchain technology will provide an immutable audit trail, increasing transparency, while AI will automatically verify document completeness and accelerate workflows. This integration is expected to reduce administrative burdens and allow real-time monitoring by all stakeholders.

Despite global economic volatility, Minister Roeslani emphasised that Indonesia’s internal rate of return (IRR) remains competitive compared to other ASEAN nations. The combination of attractive returns, a stable economic and political environment, and ongoing regulatory reforms makes Indonesia a prime destination for long-term investors seeking sustainable growth opportunities.