By: Anggito Kamindra ) *
The implementation of the Job Creation Law will make foreign investors even more interested in entering Indonesia. There have been many businessmen from abroad who have expressed their ability to build factories in Indonesia. This makes us optimistic, because investors will disburse their funds so as to cure the negative effects of the pandemic in Indonesia in the economic sector.
The leading cluster of the Job Creation Law is the investment cluster, because the door for foreign investment is opened as wide as possible. They are interested in entering Indonesia because of the ease of business licensing and other changes in the bureaucracy. So that when a foreign investment factory is built, it will reduce the number of unemployed people in Indonesia .
One country that is very interested in investing in Indonesia is Singapore. The lion country government has signed a bilateral agreement which is believed to increase investment by 22% in 5 years. Minister of Foreign Affairs i Retno Marsudi stated that this cooperation was a breath of fresh air for the two countries in the midst of the pandemic.
Foreign Minister Retno continued, this cooperation can be utilized, because there are funds of 220 billion dollars per year in 2030. Then, the bilateral agreement with Singapore will become a model for investment agreements with other countries. In that sense, many governments of other countries have promised to invest in Indonesia.
So far, many countries have become investors in Indonesia, and the first order is Singapore. Apart from the governments of other countries, businessmen are also personally interested in investing in this country. Because Indonesia is considered to be potential, has good natural wealth and human resources, and its people tend to be constructive.
Foreign entrepreneurs who will invest in Indonesia are the owners of car, battery, pipeline, etc. companies. They want to enter this country because there is a guarantee from the Job Creation Law. Previously, licensing regulations were more stringent and confusing. However , now the business license is based on risk, so it is clearer and more fruitful.
In addition, the Job Creation Law states that a business license can be issued in only 7 working days, and can be arranged online . So it will take time and money. Foreign entrepreneurs can focus more on expanding their factories and taking care of management, rather than waiting for endless permits.
Online business licenses also keep various frauds at bay. For example, if foreign investors had to go to the office, there were unscrupulous employees who set services to speed up licensing, so that entrepreneurs had to pay millions of rupiah in illegal payments. But now the license is 100% free and via online, thus cutting down the practice of KKN in Indonesia.
These conveniences will encourage foreign entrepreneurs to immediately open factories in Indonesia. Because if they make a business here, it will save on shipping costs than opening a factory in their own country. In addition, workers’ salaries are also relatively lower than there.
If a new factory is opened, it will reduce the number of unemployed in Indonesia. Because people will apply there, and get their dream job. They will get a salary, and can buy groceries for their families. The purchasing power of the people will increase and make the wheels of the economy in Indonesia roll fast again.
Foreign investors will be interested in entering Indonesia thanks to the Job Creation Law. People do not have to worry because they will be regulated through the Investment Management Institution , so that it will be more controlled by the government. This investment can be used as capital to improve financial conditions in Indonesia, so that we are safe from the recession.
Application of the Job Creation Law Attracts Foreign Investors
By: Anggito Kamindra ) *
The implementation of the Job Creation Law will make foreign investors even more interested in entering Indonesia. There have been many businessmen from abroad who have expressed their ability to build factories in Indonesia. This makes us optimistic, because investors will disburse their funds so as to cure the negative effects of the pandemic in Indonesia in the economic sector.
The leading cluster of the Job Creation Law is the investment cluster, because the door for foreign investment is opened as wide as possible. They are interested in entering Indonesia because of the ease of business licensing and other changes in the bureaucracy. So that when a foreign investment factory is built, it will reduce the number of unemployed people in Indonesia .
One country that is very interested in investing in Indonesia is Singapore. The lion country government has signed a bilateral agreement which is believed to increase investment by 22% in 5 years. Minister of Foreign Affairs i Retno Marsudi stated that this cooperation was a breath of fresh air for the two countries in the midst of the pandemic.
Foreign Minister Retno continued, this cooperation can be utilized, because there are funds of 220 billion dollars per year in 2030. Then, the bilateral agreement with Singapore will become a model for investment agreements with other countries. In that sense, many governments of other countries have promised to invest in Indonesia.
So far, many countries have become investors in Indonesia, and the first order is Singapore. Apart from the governments of other countries, businessmen are also personally interested in investing in this country. Because Indonesia is considered to be potential, has good natural wealth and human resources, and its people tend to be constructive.
Foreign entrepreneurs who will invest in Indonesia are the owners of car, battery, pipeline, etc. companies. They want to enter this country because there is a guarantee from the Job Creation Law. Previously, licensing regulations were more stringent and confusing. However , now the business license is based on risk, so it is clearer and more fruitful.
In addition, the Job Creation Law states that a business license can be issued in only 7 working days, and can be arranged online . So it will take time and money. Foreign entrepreneurs can focus more on expanding their factories and taking care of management, rather than waiting for endless permits.
Online business licenses also keep various frauds at bay. For example, if foreign investors had to go to the office, there were unscrupulous employees who set services to speed up licensing, so that entrepreneurs had to pay millions of rupiah in illegal payments. But now the license is 100% free and via online, thus cutting down the practice of KKN in Indonesia.
These conveniences will encourage foreign entrepreneurs to immediately open factories in Indonesia. Because if they make a business here, it will save on shipping costs than opening a factory in their own country. In addition, workers’ salaries are also relatively lower than there.
If a new factory is opened, it will reduce the number of unemployed in Indonesia. Because people will apply there, and get their dream job. They will get a salary, and can buy groceries for their families. The purchasing power of the people will increase and make the wheels of the economy in Indonesia roll fast again.
Foreign investors will be interested in entering Indonesia thanks to the Job Creation Law. People do not have to worry because they will be regulated through the Investment Management Institution , so that it will be more controlled by the government. This investment can be used as capital to improve financial conditions in Indonesia, so that we are safe from the recession.
) * The author is a citizen living in Bekasi
