BKPM Confident Investment Will Increase Following Business Identification Number Acceleration
Jakarta – The Ministry of Investment and Downstream Processing/Investment Coordination Board (BKPM) is confident that national investment realisation will increase rapidly with the acceleration of Business Identification Number (NIB) issuance through amendments to Government Regulation (GR) No. 28 of 2025 and optimisation of the Online Single Submission (OSS) system.
Deputy Minister of Investment and Downstream Processing/Deputy Head of BKPM Todotua Pasaribu stated that accelerating licensing services is a key factor in driving growth in the number of business actors and investment realisation.
“Licensing services are one of the factors that make a significant contribution to investment realisation itself. Because aside from the construction process, land, and the business itself, licensing is the most fundamental matter,” said Todotua, speaking following the socialisation of the GR 28/2025 amendments in Jakarta on Thursday (26 February).
According to him, the number of business actors currently registered through the Business Identification Number (NIB) has reached approximately 15.4 million. With the increasingly refined OSS system, growth in new business actors is expected to increase further and have a direct impact on rising investment.
He emphasised that the effectiveness of the policy will be reflected in two main indicators: growth in the number of business actors and an increase in investment realisation. The government is targeting investment realisation over the next five years to reach approximately IDR 13 quadrillion.
One breakthrough in the refinement of GR 28/2025 is easing the process for micro-enterprise actors in NIB issuance. Previously, micro-enterprise actors were required to go through a clarification process for Land Use Suitability Approval (PKKPR) or location permits, which often took considerable time.
Now, following consultation with technical ministries, micro-enterprise actors can make independent declarations of location permits in the OSS system while still specifying their business location. According to him, with this mechanism, the NIB can be issued more quickly. Additionally, BKPM is also strengthening the implementation of service level agreements (SLAs) with technical ministries and implementing the principle of fictive positivity.
Under this scheme, permits can be issued within the agreed timeframe, whilst technical requirements are met through post-audit mechanisms. This parallel service delivery model, Todotua continued, aims to shorten the investment cycle, which has often been hindered at the initial licensing stage.
“We are attempting to modify this and transform it into a parallel process, so that our investment cycle can be shorter. With a shorter investment cycle, investment realisation can also be realised more quickly,” he said.
BKPM is ensuring that ongoing socialisation of regulatory refinement and OSS improvements will be conducted continuously to maintain consistency in accelerating licensing services as the main driver of national investment growth.