BKPM Strengthens OSS Services to Accelerate Investment Licensing

Deputy Minister for Investment and Downstreaming and Deputy Head of BKPM, Todotua Pasaribu, outlined the progress and achievements of investment and downstreaming targets aimed at reaching 8 per cent economic growth and Rp 13,000 trillion in investment realisation within the five-year administration of Prabowo-Gibran. BKPM noted that in 2026, investment contributed 29 per cent to national economic growth. Consequently, BKPM continues to drive efforts to increase investment realisation by fostering a favourable investment climate, improving licensing services, and promoting downstream industries in the mineral and coal, plantation and forestry, oil and gas, fisheries and marine sectors, as well as new and renewable energy businesses. On the other hand, Indonesia’s efforts to boost investment face challenges related to the country’s Incremental Capital Output Ratio (ICOR) score, which remains high at around 6.3 to 6.5, indicating that Indonesia’s efficiency is still lagging behind ASEAN peers such as Vietnam. In a bid to attract investment and advance downstream projects, the Investment Ministry is implementing several strategies, including simplifying licensing through the Online Single Submission (OSS) platform.