Jakarta. The Investment Coordinating Board, or BKPM, is currently deliberating new incentives to attract greater remittance from Indonesian diaspora networks and to boost investment generally, a BKPM official said in Jakarta on Monday (18/07).

"Apart from middle class employees [domestically], Indonesian diaspora networks also come from various professions, [including] doctors, lawyers and artists," Franky said.

Migrant workers are known to make substantial remittance payments and — with the Indonesian diaspora reaching 8 million — the state could generate potential remittance of up to $8 billion per year, Franky added.

However, the Manpower Ministry anticipates the figure could grow significantly, with the country gaining up to $60 billion from potential remittance each year.

Indonesian diaspora networks were officially established in 2012 to serve nationals living overseas and were created as a community for its members.

The networks hosted meetings regularly to foster greater ties with Indonesians overseas and to provide a platform and space to discuss common issues they shared.

Boosting investment in Indonesia

Meanwhile, the government has also been drafting several schemes to attract greater investment in the country resulting from the implementation of the tax amnesty program.

"BKPM officers will accompany the investor [and assist by] accelerating import activities," Franky said.

The government will also implement a scheme to assist in the settlement of investor dispute cases, through a dedicated mediation office under the BKPM purview.

The Board said that there are three goals when attracting investment in Indonesia.

"The investor must [employ] Indonesian workers, develop the national economy and the community [where the investment project is located] and revive the lag in the economy," said Franky in a statement.

BKPM has set a hopeful target of attracting Rp 594.8 trillion ($45.4 billion) in investment, where Rp 386 trillion is from foreign investors amounting to 65 percent of the country's total investment domestically.