Although, in terms of value, it is still small when compared with investment coming from Japan and South Korea, the trend reflects an upswing, BKPM
Chief, Franky Sibarani said in a written statement on Monday.
They may need to visit the BKPM
to process investment licenses.
Approval for new investment from the head of BKPM
He said that BKPM
had also cooperated with the Bank of Tokyo Mitsubishi (BTMU) when it was visiting Japan last May.
Franky made the statement during the signing of a memorandum of understanding (MoU) on the information security system to support the BKPM
and its central and regional integrated one-roof service system (PTSP).
The new BKPM
chairman, who was just elected last month, targeted to realize Rp 450 trillion of investments next year, a 15 percent increase compared to this year.
The target is in line with the government's target of US$ 200 billion in the sector in the next five years, BKPM
chief Gita Wirijawan said.
head Mahendra Siregar said that the revision might take place due to the continually declining global economic condition.
4% of the target set for this year head of capital control of BKPM
Anhar Lubis said.
recorded investments in January-June 2012 reaching Rp 148.
There is still disagreement between BKPM
and the finance ministry over the length of time the incentive should be effective, Gita said, adding agreement has yet to be reached on that matter.
Kominfo/3/2008 although the regulation drew strong opposition from the business sector including the head of BKPM