JAKARTA - Economist Chatib Basri revealed that the investment process in Indonesia is very difficult. This is due to various problems at the central and regional levels. In fact, he described, there is no way for investors other than to pray when it comes to dealing with licensing in government.
Chatib explained that the problem that often arises is the inconsistency between central and regional government regulations. He said that permits could come out at BKPM in a matter of days, but the obstacles actually came at the local level, namely the local government.
The former Head of the Investment Coordinating Board (BKPM) said that one of the issues or obstacles to investment for investors is the domicile permit.
"That's why at that time my jokes, if we have taken care of the permit with the government, we will become religious. There is nothing to do but pray," he said, in a virtual discussion, Monday, November 9.
Responding to this, the Head of the Center for Macroeconomic Policy at the Fiscal Policy Agency of the Ministry of Finance (BKF Kemenkeu) Hidayat Amir said reform was one of the things the government wanted to fix. One of the ways is by issuing the Omnibus Law on Job Creation.
Furthermore, he said, the policies that have now been carried out by the government will be according to plan to encourage investment. Moreover, he said, the Ministry of Finance together with BKPM had coordinated intensively in overcoming various obstacles.
According to Hidayat, the investment process in Indonesia has actually been improved compared to a few years ago. It's just that, the speed needs to be increased. He said, the Job Creation Omnibus Law is the basis for government regulation to create an ecosystem that is able to unlock Indonesia's potential.
"This is achieved from various kinds of regulations that were spawned through the Omnibus Law. That is part of the regulation for simplification," he said.
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