Some 15 Ministries Delegate Authority To BKPM
Pekanbaru, Riau, Jan 18 (ANTARA) - A total of 15 ministries and technical institutions have delegated their authority to the Capital Investment Coordinating Board or BKPM on the implementation of the One-Door Integrated Services (PTSP) system for investors. "At least 15 ministers and high ranking officials have signeda statement delegating authority to BKPM on the related investment process of the One-Door Integrated Services system," BKPM chief Gita Wirjawan said here on Monday. The 15 ministries are among others industry ministry, trade ministry, home affairs ministry, finance ministry, justice and human rights ministry and the national police, he said. According to him, through the delegation of authority, all permits related to foreign investments or domestic investment will only be processed at BKPM in accordance with the PTSP program in effort to start their investment. The government made such progress in the economic field in effort to ease investing and improve the Investment Negative List in order to achieve the economic growth target of 6 to 6.8 percent per year as set by the government. "Thus, an investor will no longer necessary to go back and forth to each ministry for instance in a bid to provide an immigration permit to foreign workers, it can be obtained at the BKPM through the immigration technical equipment," he said. Wirjawan said further that the government has set investment target in 2010 worth US$25-35 billion. In 2009, the realization of domestic investment in the country ranging from US$ 13 to 14 billion, of while foreign investors contributed ten percent of the amount.
