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View all search resultsJokowi means investment, tells regional leaders to cut red tape
More than 6,300 ministerial regulations were issued from 2015 to 2018, up from 5,000 ministerial regulations issued from 2011 to 2014.
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President Joko “Jokowi” Widodo. (JP/-)
P
resident Joko “Jokowi” Widodo has doubled down on his message on deregulation, calling on regional leaders to issue fewer regulations to keep the government agile in responding to economic development and to be more welcoming of investors.
Speaking before regional leaders, heads of regional legislative councils (DPRD) and other figures convened from all over Indonesia for a conference in Sentul, West Java, Jokowi called on the regional leaders to refrain from issuing too many regulations.
"My message to governors, regents, mayors and the heads of regional legislative councils is this: Don't make too many regional regulations," Jokowi told the Regional Leadership Communication Forum (Forkopimda) on Wednesday. "This country already has too many regulations. [...] If everything is regulated, we will ensnare ourselves. Enough already."
The former mayor of Surakarta in Central Java also said that all elements of regional governments needed to safeguard any investment commitment in their respective region, so that investment plans could be realized swiftly.
As of September this year, realized investment has reached Rp 601.3 trillion (US$42.89 billion), a 12.3 percent increase from the corresponding period of last year, according to the Investment Coordinating Board (BKPM), with foreign direct investment (FDI) rising 8.2 percent to Rp 317.8 trillion.
The investment realized from January to September represents 75.9 percent of the BKPM’s full-year target to attract Rp 792 trillion from both domestic and foreign investors.
Read also: 'I have a vision': New BKPM boss wants domestic investment to overtake foreign investment
