Build Collaboration With INA, BP Social Security Targets Double The Share Of Investment

The signing ceremony of the agreement between BP Social Security and the Indonesia Investment Authority. (Photo: Doc. BP Social Security)

JAKARTA - The Social Security Employment Agency (BP Jamsostek) signed a memorandum of understanding with the Indonesia Investment Authority (INA) related to the optimization of asset investment.

President Director of BP Jamsostek Anggoro Eko Cahyo said the collaboration aims to synergize the resources and funds owned in conducting direct investment cooperation.

"We together with INA will make direct investments as co-investors to various projects. Through the potential of considerable managed funds, the output of this cooperation can also support partnerships with the Ministry of SOEs to give priority to strategic projects," he said in Jakarta, Monday, May 24.

Anggoro added that the strategy is also worth more to create new jobs, diversify risk, and distribute investment funds as trust funds into various alternative investment instruments with optimal yield.

"BP Social Security targets the potential portion of direct investment can rise to a maximum of 10 percent, where currently the portion is still 5 percent," he said.

On the same occasion INA CEO Ridha Wirakusumah revealed that the investment of the institution he leads is almost similar to BP Social Security, which is long-term.

"INA in addition to cooperating with global institutions, is also aspiration to collaborate with various domestic investment institutions, given the breadth of investment opportunities that can be developed," he said.

For information, INA is an institution that was born under Law No. 11 of 2020 on Copyright Work.

This institution stands with the aim to play an active role in supporting indonesia's sustainable development and wealth building for future generations. One way is to conduct investment activities and collaborate with domestic and foreign investment institutions.