New licenses for spatial planning and building, both products of the Job Creation Law, had caused a backlog of investment projects, but the “snap remedy” was in the hands of regional leaders, President Joko “Jokowi” Widodo said on Tuesday at the annual National Coordination Meeting (Rakornas) of Regional Heads and the Regional Leadership Coordination Forum (Forkopimda) in Sentul, West Java.

Jokowi signed the Omnibus Law on Job Creation in November 2020 to streamline multiple investment regulations under a single law and to minimize the authority of regional entities to make investment decisions through the Investment Ministry’s Online-Single Submission (OSS) platform.

The central government has deemed the law necessary to overcome the issue of conflicting regulations, particularly when central rules clashed with regional ones.

“Get the unfinished [licenses] done as soon as possible, don’t bide your time,” Jokowi said on Tuesday.

Investment and exports were the keys to robust economic growth at a time of high inflation and interest rates around the world, the President cautioned repeatedly.

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