By: Ahmad Reza)*
The government and the DPR have initiated the issuance of the Job Creation Law to summarize the hyper-regulations that have been hampering investment so far. The existence of the Job Creation Law also provides guarantees for entrepreneurs to invest in Indonesia.
Indonesia has been independent for more than 70 years and there has been a lot of progress in this country. Unfortunately in the New Order era, development was accelerated by means of debt. President Jokowi’s government has chosen another path by developing Indonesia through investment projects, because it can minimize debt that could swell in the future.
To ensure investment in Indonesia, the Job Creation Law was enacted, which contains various clusters, including investment clusters. This is a mainstay cluster because it is the official legal umbrella for foreign investors in Indonesia. They can feel safe because it is guaranteed by law and there is a guarantee from the government.
Even President Jokowi himself also gave guarantees for these foreign investors. Investments in Indonesia will be protected by clear laws. They don’t have to worry because they won’t get into trouble, because the implementation of the Job Creation Law will secure investment guarantees.
One of the implementations of the Job Creation Act is online-based permit processing. This management is guaranteed to make it easier because the online system will speed up the process. Compare this with manual processing as before, having to fill out forms on paper, thrown from table to table, so the time is very long.
This is what will be removed from the Job Creation Act because if you take care online you don’t have to deal with humans directly, so there will be no corruption, collusion, and nepotism.
The management of business licenses is also implemented uniformly in various regions. In a sense, don’t let the licensing process in DKI Jakarta be different in other areas, so that it will confuse investors. It’s good when there is an application, but synchronization is also mandatory.
With the implementation of the Job Creation Act, it will guarantee foreign investors. They can enter Indonesia and start investment projects. For example, there are mutual fund companies, automotive factories (car manufacturing), palm shell processing factories, etc.
Foreign businessmen are willing to cooperate because there is a direct investment guarantee from President Jokowi. They do not only come from Asia, but also other continents. This shows that Indonesia is a potential place for investment.
Investment guarantees are very important because one day there will be no problem when the investment factory is already running. Moreover, foreign businessmen are much more disciplined, so that if there is a change in the law or for other reasons, they will feel that Indonesia is unprofessional. However, if there is a guarantee, they will believe and continue their cooperation.
President Jokowi challenged investors to invest in the new State Capital (IKN) in Penajem Paser Utara, East Kalimantan. Investors will want to go there because the area has potential. Apart from mining, there are other natural resources as well. Later from the investment will be guaranteed equally profit.
The implementation of the Job Creation Law will ensure the security of investment in Indonesia. With the investment cluster from the Act, it becomes a legal umbrella for foreign investors. Implementation is also carried out in the regions so that there is coordination and does not confuse investors.
)* The author is a contributor to the Press Circle and Cikini Students
