BKPM, National Police Sign Guideline Agreement to Protect Investors
Jakarta. The Investment Coordinating Board, known as BKPM, signed a guideline agreement with the National Police to coordinate security for business investment activity in Indonesia, a senior official said on Monday (19/09).
The police will protect selected investors from thuggery, extortion, land disputes and demonstrations in an effort to stabilize and stimulate the country's investment climate in line with instructions from President Joko "Jokowi" Widodo issued in February.
"In the current uncertain economic growth, the direct investment is the most important instrument to support economic growth," BKPM head Thomas Lembong said on Monday.
Indonesia is competing for investment against other countries with offer stability amid global uncertainty, he added.
Currently, there are 95 projects worth Rp 487 trillion which are unable to realize investment, including key infrastructure projects which have been hindered by land disputes and issues with the local community. BKPM has facilitated the resolution of 34 projects worth Rp 145 trillion, board data showed.
BKPM targets investment in Indonesia to reach Rp 594.8 trillion this year and Rp 631.5 trillion next year, Thomas said.
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