Number I | September 2016
Indonesia Seeks ‘ backup ’ of US Investment : BKPM
In the light of President Trump policy that demands the US businesses invest in their home countries to create jobs , Indonesia may have to put a little more effort into making itself attractive to United States investors .
However , the Indonesian government will also simultaneously try to seek “ backup ” investors from other countries in case US firms have to abide by policies made by President Trump .
The Indonesia Government will continuously seek ways to ensure that Indonesia is attractive to US firms . Based on data provided by BKPM , the US invested US $ 1.16 billion on 540 projects in Indonesia throughout 2016 . Investments from US firms tend to be of high quality ,
Photo : Investment Coordinating Board ( BKPM ) head Thomas “ Tom ” Lembong for example in the technology and consumer brands sectors .
( Source : The Jakarta Post )
Accelerated Construction Program Launched for 18 Industrial Estates
The Investment Coordinating Board ( BKPM ) has launched an accelerated construction program ( KLIK ) for another 18 industrial estates across the archipelago in an effort to boost investment amid a global economic slowdown . With the addition of the 18 estates , there are now 32 estates with KLIK facilities .
“ We hope the expansion of KLIK can accelerate investment realization , especially in areas outside Java ,” BKPM head Thomas Lembong said during the launch of the program in front of hundreds of regional officials and businesspeople at the Bali Nusa Dua Convention Center on February 22 nd , 2017 . The additional 18 estates are in cities and regencies in Jakarta , West Java , Central Java , East Java , Riau Islands , Riau and East Kalimantan . The already established 14 estates are mostly in Java .
KLIK facilities are available for any project regardless of capital size and manpower numbers as long as they are located within the 32 estates . Investors can immediately start construction after obtaining principle and investment permits from the BKPM or the one-stop integrated service ( PTSP ).
Practical licenses , such as the license to build ( IMB ), environment licenses ( UKL / UPL ) and environmental impact analyses ( AMDAL ), can be registered while the construction goes on .
Since the KLIK facilities were launched in 2015 , 83 projects worth IDR 122.2 trillion ( US $ 9.13 billion ) have been developed across 11 estates .
( Source : the Jakarta Post )
Number V / March 2017 | Trade & Investment Bulletin 7