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BKPM, SOE Ministry join forces to facilitate government’s priority projects
Under the memorandum of understanding (MoU) on the cooperation, which was signed in Jakarta on Monday, the two agencies agreed to help each other in realizing the government’s projects, including those carried out by the country’s state-owned companies.
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Mobility mogul: President Joko “Jokowi” Widodo inspects the construction of the Jakarta-Bandung semi-high-speed railway and the Greater Jakarta LRT projects after attending the opening of the Jakarta Cikampek elevated toll road in Bekasi, West Java, on Dec. 12, 2019. (JP/Seto Wardhana)
T
he State-Owned Enterprises (SOE) Ministry and the Investment Coordinating Board (BKPM) have agreed to join forces to ensure the government’s priority projects continue amid the coronavirus pandemic.
Under the memorandum of understanding (MoU) on the cooperation, which was signed by SOEs Minister Erick Thohir and BKPM chairman Bahlil Lahadalia in Jakarta on Monday, the two agencies agreed to help each other in realizing the government’s projects, including those carried out by the country’s state-owned companies.
The SOE Ministry and the BKPM agreed, for example, to exchange information and data related to investment projects, as well as to ease the issuance of required permits so that the projects could be implemented according to the plan.
The two institutions also agreed to a joint promotion to promote investments that could involve the state-owned companies.
“Various government elements, including the SOE Ministry, will strive to minimize the economic impact of COVID-19. This includes encouraging [SOEs] to continue their activities and take advantage of licensing facilities as well as investment data provided by the BKPM,” Minister Erick said in a statement issued after the signing of the MoU.
Erick told executives of each SOE and reporters via a teleconference on Monday that despite the government’s focus on resolving the pandemic, “it is very important to also send out positive signals” that the country’s economy was still running.
He added that the ministry had reviewed government projects under the SOE Ministry as well as the SOEs’ cash flow to determine which projects would be prioritized and which would be postponed.
