JAKARTA - Minister of Investment / Investment Coordinating Board (BKPM) Bahlil Lahadalia admitted that the risk-based online single submission (OSS) system has not met the satisfaction of various parties, both entrepreneurs and local governments. Therefore, it targets the improvement of the OSS system.
"I have to admit, this OSS has not 100 percent met your satisfaction, ladies and gentlemen, because the implementation has only been carried out since August 9 and we have targeted 2022, early January everything is good," he said at the 2022 Investment Prospect Economic Outlook event, Tuesday, November 23. .
Bahlil said, risk-based OSS is the embodiment of the mandate of Law No. 11 of 2020 concerning Job Creation, specifically Government Regulation (PP) No. 5 of 2021 concerning Implementation of Risk-Based Business Licensing.
The system is claimed to be transparent. Bahlil said, this system also has an impact on accelerating permit processing, although there are still many complaints because it is not fully integrated.
"As a result, the increase in investment, the amount of investment, happened because of the acceleration of permit processing as well. Indeed, it takes time for us to synchronize more deeply," he explained.
In addition, Bahlil said he was optimistic that the Job Creation Law would be the door to achieving the investment realization target, which in 2022 is set at IDR 1.200 trillion.
Indonesia has been named a country with a convoluted licensing process
Bahlil said, several world institutions in 2020 named Indonesia as a country with a complicated investment licensing process. Therefore, the government also passed the Job Creation Act to facilitate the licensing process.
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"We have to admit that in 2020 we were named as the first country to manage complicated permits in the world by several world institutions," he said.
Not only that, said Bahlil, but the difficulty of the licensing process is also one of the causes of mangrove investment for 6 years amounting to IDR 708 trillion.
But now, said Bahlil, thanks to the law, 73 percent of the investment has been realized, or approximately IDR 517.6 trillion, which is the potential value of the investment that has been facilitated.
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