BKPM promotes officials

BKPM promotes officials

JAKARTA (JP): State Minister of Investment Sanyoto, also Chairman of the Investment Coordinating Board (BKPM), installed five senior officials in a ceremony here yesterday.

He installed Sunaryo as Assistant on Fund Resources Development to the State Minister of Investment, Wardijasa as the minister's Assistant on Fund Utilization, Maj. Gen. R. Iskandar as Deputy BKPM Chairman for Training and Supervision, Adeng Zakaria as chief of the board's Bureau of Appraisal of New Application for Non-industrial Sector Investments and Giek Sugianto as chief of its Bureau for Non-industrial Sector Investment Planning.

At the occasion yesterday, Sanyoto demanded the new first- echelon officials to intensify investment supervision.

He told reporters later that the government should impose tougher sanctions on several administrative violations committed by investors.

Indonesia is expecting a total investment of about Rp 177 trillion (US$80.45 billion) over the next five years, most of which is expected to come from the private sector. (hdj)