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NEWS UPDATES 29 October 2009

Indonesian agency to streamline investment licensing process

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Indonesia’s National Investment Coordinating Board (BKPM) has been trying to minimise the complexity in obtaining an investment license under the one-stop service program, national news agency Antara quoted a spokesman as saying.

"The one-stop service system for investors will be introduced both at regional and central government level," BKPM deputy head for investment services Achmad Kurniadi said Wednesday.

The system was ready to be applied at the central, provincial, district, and city administrations, he said.

"In the meantime we are also applying specific criteria to each of the areas, especially with regard to Foreign Investment (PMA) and Domestic Investment (PMDN) infrastructure," he said.

Regarding the licensing process for investors, he expressed hope the application of the one-door service system can overcome the problems usually facing the BKPM. "Therefore, we believed that the new system could be applied in less than six working days," he disclosed.

In the meantime, East Java assistant governor for economic and development affairs Chaerul Djaelani said his administration will continue to learn the provincial investment regulations in the region, especially that many investors have been complaining about the regulations.

"For instance, cement producer PT Holcim Indonesia had complained about the many and complex regional regulations on plant investment in one of the regions in East Java," he said.

In the near future, provincial regulations will be adjusted to district and city rules, he said, adding that the idea was aimed at seeking the best solution to the problems which had caused hesitation on the part of investors to do business in the province.



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