Investment Ministry Revises Three Regulations to Accelerate Investment and Achieve 8 Per Cent Growth Target
The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) is currently revising three implementing regulations under Government Regulation Number 5 of 2021 concerning Risk-Based Business Licensing.
The revisions are intended to accelerate investment realisation and achieve the national economic growth target of 8 per cent by 2029.
Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu, speaking at the Public Consultation on the Draft Ministerial Regulation on Thursday (3 July), outlined the three regulations under revision.
The first is BKPM Regulation Number 3 of 2021, which governs the Electronically Integrated Risk-Based Business Licensing System.
The second is BKPM Regulation Number 4 of 2021, which specifically regulates the Guidelines and Procedures for Risk-Based Business Licensing Services and Investment Facilities.
The third is BKPM Regulation Number 5 of 2021, which governs the Guidelines and Procedures for Risk-Based Business Licensing Supervision.
"This government has set an economic growth target heading towards 8 per cent. This is a fairly ambitious figure, but also quite realistic if it can be achieved," Todotua said in a statement on Saturday (5 July).
Deputy Minister Todotua noted that during the previous ten years of government, cumulative investment realisation reached approximately Rp 9,900 trillion.
The revisions are intended to accelerate investment realisation and achieve the national economic growth target of 8 per cent by 2029.
Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu, speaking at the Public Consultation on the Draft Ministerial Regulation on Thursday (3 July), outlined the three regulations under revision.
The first is BKPM Regulation Number 3 of 2021, which governs the Electronically Integrated Risk-Based Business Licensing System.
The second is BKPM Regulation Number 4 of 2021, which specifically regulates the Guidelines and Procedures for Risk-Based Business Licensing Services and Investment Facilities.
The third is BKPM Regulation Number 5 of 2021, which governs the Guidelines and Procedures for Risk-Based Business Licensing Supervision.
"This government has set an economic growth target heading towards 8 per cent. This is a fairly ambitious figure, but also quite realistic if it can be achieved," Todotua said in a statement on Saturday (5 July).
Deputy Minister Todotua noted that during the previous ten years of government, cumulative investment realisation reached approximately Rp 9,900 trillion.