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Govt to finalize regulation in economic policy packages
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Coordinating Economic Minister Darmin Nasution explains the government's second economic stimulus package at a press conference at the State Palace in Jakarta on Thursday. (setkab.go.id/setkab.go.id)
T
he government will soon finalize the rules and regulation supporting the implementation of the 12 economic stimulus packages, a top official has said.
Investment Coordinating Board (BKPM) head Franky Sibarany said the government had already resolved 97 percent of the regulation and rules of the twelve policy packages.
Among the pending regulations is the negative investment list (DNI) in the 10th economic policy package set to be finalized this week.
"Going forward, we are pushing for our pending works in the Energy and Mineral Resources Ministry, Finance Ministry and Industry Ministry to be resolved in the next two and three weeks while we prepare for the next policy package,” Franky said after a coordination meeting at the Office of the Coordinating Economic Minister in Jakarta on Tuesday.
Franky said the BKPM had already implemented several deregulation measures, such as a three hour licensing policy for certain industry, the acceleration of tax allowance and tax holiday policy and the revised tax allowance for labor intensive industry.
He claimed that the government’s economic stimulus packages had received a warm welcome from many investors.
He recalled positive feedback the government had received from investors from European countries during President Joko “Jokowi” Widodo’s recent tour to Germany, the United Kingdom, Belgium and the Netherlands. (dmr)
