Investment Ministry Revises Three Regulations to Accelerate Investment Realisation
The Ministry of Investment and Downstream Industries/Investment Coordinating Board (BKPM) is revising three implementing regulations of Government Regulation Number 5 of 2021 on Risk-Based Business Licensing. The move is aimed at accelerating investment realisation to support the national economic growth target of 8 per cent by 2029.
Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu explained that the three regulations being revised comprise BKPM Regulations Numbers 3, 4, and 5 of 2021. These respectively govern the OSS system, licensing service and facility procedures, and supervision of risk-based business licensing.
According to Todotua, investment achievements over the past decade reached Rp9,900 trillion. To achieve the 8 per cent economic growth target, the current administration has set an investment target of Rp13,000 trillion over the next five years.
"This is an ambitious figure, but realistic if we overhaul the system comprehensively," the Deputy Minister said during a Public Consultation on the Draft Regulation of the Minister of Investment and Downstream Industries.
For 2025, the investment target has been raised to Rp1,900 trillion from last year's achievement of Rp1,700 trillion. First quarter 2025 realisation reached Rp465 trillion, and early second quarter reports indicate a stable trend. However, the Deputy Minister cautioned that challenges could intensify in the third and fourth quarters if licensing has not been optimally reformed.
Deputy Minister of Investment and Downstream Industries/BKPM Todotua Pasaribu explained that the three regulations being revised comprise BKPM Regulations Numbers 3, 4, and 5 of 2021. These respectively govern the OSS system, licensing service and facility procedures, and supervision of risk-based business licensing.
According to Todotua, investment achievements over the past decade reached Rp9,900 trillion. To achieve the 8 per cent economic growth target, the current administration has set an investment target of Rp13,000 trillion over the next five years.
"This is an ambitious figure, but realistic if we overhaul the system comprehensively," the Deputy Minister said during a Public Consultation on the Draft Regulation of the Minister of Investment and Downstream Industries.
For 2025, the investment target has been raised to Rp1,900 trillion from last year's achievement of Rp1,700 trillion. First quarter 2025 realisation reached Rp465 trillion, and early second quarter reports indicate a stable trend. However, the Deputy Minister cautioned that challenges could intensify in the third and fourth quarters if licensing has not been optimally reformed.