17,238 investment licenses issued in 2015

JAKARTA. The Central Integrated One-Stop Service (PTSP) run by the Investment Coordinating Board (BKPM) in cooperation with 22 related ministries and institutions, issued a total of 17,238 licenses in 2015.

On an average, 1,436 licenses were issued monthly by the PTSP last year," BKPM Head Franky Sibarani noted in a statement, here, Friday (8/1).

The investment agency has provided facilities and made improvements to attract more investors over the past year.

"Quantitatively, there is a significant increase in the number of licenses issued. Qualitatively, licensing services have been improved, particularly with the presence of the three-hour investment licensing service," he pointed out.

Despite fierce competition, the BKPM chief is optimistic that the country would be able to lure more investors by offering various facilities.

The BKPM has simplified licensing procedures and has addressed bottleneck problems to increase the number of investment applicants.

During the period between January and September 2015, the number of investments increased by 16.7 percent, and employment absorption surged by 10.4 percent.

Foreign investment jumped by 16.8 percent and domestic investment, by 16.5 percent.

The realization of investment from January until September 2015 reached 77 percent of the 2015 investment target set at Rp519.5 trillion and contributed to the creation of one million jobs.

Until the end of 2015, the number of new employments was expected to reach 1.4 million.