Finance Ministry, BKPM Sign MoU on Investment, EODBB

Minister of Finance Sri Mulyani and Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) Bahlil Lahadalia have signed an MoU on Efforts to Boost Investment and State Revenue and Institutional Strengthening. Monday (09/08), Jakarta. (Photo by: BPMI/Lukas)

Minister of Finance Sri Mulyani and Minister of Investment/Chairman of the Investment Coordinating Board (BKPM) Bahlil Lahadalia have signed an MoU on Efforts to Boost Investment and State Revenue and Institutional Strengthening.

The signing was carried out during the Launching of the Risk-Based Online Single Submission System (OSS) at the BKPM Office in Jakarta, Monday (9/8).

“I have signed an MoU with Minister of Finance to improve the Ease of Doing Business (EDOB), including in providing business permits and in easing the business actors for the sake of the business world, as well as the country,” Bahlil said after the event.

According to Bahli,the MoU also states that both institutions have agreed to collaborate in data related to the economy since this is is part of the main tasks and functions of both parties.

Echoing a similar sentiment, Sri Mulyani emphasized the commitment of both parties to boost investment.

“Ministry of Finance and the BKPM will continue to review all policies to attract investment. Services and systems under the BKPM will also be improved,” Sri Mulyani said, adding that her Ministry has delegated all investment authorities to the BKPM so that all decisions on investment will be served under one gate.

The Minister went on to say that Business Licensing Services through the Risk-Based OSS System is an extraordinary structural reform that aims to bring ease of doing business in Indonesia.

“Today we are witnessing a historical milestone of investment in Indonesia. With this OSS, the business community can obtain their business permits online. The ease of doing business is real,” Sri Mulyani said, adding that the system is expected to change the way the Government serves the business sector.

The Minister also expressed hope that the structural reform can significantly improve the business climate, which in the end will support the national economic recovery.

“We hope this measure will provide certainty and of course with high investment, it will help the economy to reboundin the throes of the COVID-19 pandemic,” she remarked. (FID/UN) (EST/EP)