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Indonesia Gets Investment Ministry - Strategy
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Skyline of Jakarta Indonesia’s government established a new Ministry of Investment on April 28 to make it more convenient for domestic and foreign investors to do business in the country through a one-stop service authority. The Ministry of Investment is the result of upgrading the bureaucratic status of the Investment Coordinating Board (Badan Koordinasi Penanaman Modal, or BKPM, a government agency mandated to boost domestic and foreign direct investments, into a fully-fledged government ministry. The chairman of the BKPM, Bahlil Lahadalia, will assume the new role of Minister of Investment. Latest data show that total foreign investment realisation and domestic.
Indonesia Establishes New Investment Ministry
Indonesia Establishes New Investment Ministry April 30, 2021 Posted by ASEAN Briefing Written by Ayman Falak Medina Reading Time: 3 minutes
Indonesia’s government has established a new Investment Ministry, as the president initiates another cabinet reshuffle.
The new ministry is the result of upgrading the bureaucratic status of the Investment Coordinating Board (BKPM) a government agency mandated to boost domestic and foreign investments into a fully-fledged government ministry.
The government has targeted a total investment realization of 900 trillion rupiah (US$62.2 billion) for 2021.
On April 28, 2021, Indonesia’s government established a new Ministry of Investment to enhance the ease of doing business in the country. In addition, the Ministry of Education and Culture has now merged with the Ministry of Research and Technology, to form the Ministry of Educat
4/28/2021 9:25:11 AM GMT | By Pablo Piovano
Economist at UOB Group Enrico Tanuwidjaja and Haris Handy assess the latest FDI figures in Indonesia.
Key Quotes
“Indonesia’s direct investment rose by 4.3% y/y in January – March 2021 period vs. 3.1% in the last quarter of 2021, underpinned by the positive performance of foreign direct investment (FDI) despite a contraction in domestic direct investment (DDI) during the same period. The data from Investment Coordinating Board Indonesia (“Badan Koordinasi Penanaman Modal” – BKPM) showed FDI grew by 14.0% y/y to IDR 111.7tr (equivalent to USD 7.7bn, using 2021 national budget IDR exchange rate assumption of IDR 14,600 per USD) in 1Q21 vs. 4Q20’s 5.5%. The rebound came as the global economy is slowly recovering from the COVID-19 and as Indonesia’s government begun to implement the Omnibus Law (on jobs creation) by issuing derivatives regulation (Presidential Regulation No. 10, 202
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