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Government Encourages Regional Economic Growth with the Job Creation Law

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By: Alfisyah Dianasari )*

Investment is an important instrument for realizing regional economic growth. Of course, to accelerate this, regulations are needed that are able to attract investors to invest in regional areas, one of which is through the Job Creation Act.

The government’s seriousness in efforts to increase investment in the region is evidenced by the Government Regulation Number 11 of 2022 concerning the Law (UU) on Job Creation and Government Regulation Number 6 of 2021 concerning the implementation of Regional Business Licensing.

To encourage regional economic growth, the Deputy Regent of Kuningan H.M Ridho Suganda, SH., M.Si officially opened the Coordination Meeting and Supervision Synchronization Meeting. Investment Control in 2022. This activity was held by the Kuningan Regency Investment and One-Stop Integrated Service Office (DPMPTSP). The event, which was held in the Wisma Permata Hall, was attended by 52 participants who are members of the Investment Monitoring and Control Team of Kuningan Regency.

In his directive, Wabup Ridho said that through the coordination meeting it is hoped that all participants who are part of the supervision can understand that the implementation or implementation of licensing supervision is an inseparable part of a business licensing process.

Investment itself is an important instrument in the context of increasing regional economic growth. To accelerate this, it is necessary to increase investment from investors.

Furthermore, the Deputy Regent Ridho also said that in the implementation of investment implementation, of course, control and supervision are needed so that the attractiveness and competitiveness of investments can be realized as well as investors’ compliance with applicable laws and regulations.

Ridho said, in the investment activity policy, of course it is not only limited to regulating investment development studies and licensing services, it also regulates the rules for reporting on investment developments which have been regulated by Perka BKPM No. 5 of 2021 concerning Guidelines and Procedures for licensing supervision. risk based business.

Wabup Ridho also asked all participants who are members of the investment control supervision team from each investment control supervision from each sub-district to provide input and be involved, starting from planning, implementation, and monitoring, so as to produce a comprehensive formula for success. development in Kuningan Regency.

With the employment creation law, investment in Indonesia can increase. In 2021, the realization of investment was 900 trillion rupiah and the target for 2022 is 1,200 trillion rupiah. This is very good because the more investment, the more foreign exchange that comes in.

Coordinating Minister for the Economy Airlangga Hartarto stated that the Job Creation Law would increase business and investment in Indonesia. The Job Creation Law has indeed become a ‘weapon’ to increase the entry of foreign investors into Indonesia. This is because the Job Creation Law provides easy licensing arrangements that can be done online through the Online Single Submission (OSS).

Airlangga also said, while the Job Creation Law will remain in effect, so will the Investment Management Agency (LPI). Activities there will not stop because the job creation law must be revised. Instead, LPI received a total capital injection of Rp 75 billion so that it could work well and manage investments professionally.

Currently, the government has issued 47 Government Regulations (PP) and 4 Presidential Regulations (Perpres) as derivative regulations of the Job Creation Law. The regulation also regulates technically the ease of doing business, taxation, MSMEs and so on. Of course, this revision is expected so that the Job Creation Law will be more perfect and become a win-win solution for entrepreneurs and their workers, especially in the employment cluster.

In addition, the investment cluster is also improved in order to really facilitate the entry of foreign investors into Indonesia so that employment opportunities will be more open and the economic sector in Indonesia, especially in the regions, is getting better.

Regional economic growth must of course be supported by regulations that are able to attract investors as investors. The existence of investment in the regions will of course improve the economy and make this an effort to distribute the development of an Indonesian-centric economic sector.

)* The author is a contributor to the Press Circle and Cikini Students

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