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BKPM Takes on Licensing in Transport and Construction

From The Jakarta Post
March 6, 2015

After the Transportation Ministry and Public Works and Public Housing Ministry transferred their licensing power to the agency, the Investment Coordinating Board (BKPM) has further expanded its authority in providing business licenses. The two ministries are among 22 state institutions that have delegated their authority on permit issuance to the BKPM as part of the establishment of a one-stop service.

Heldy Satrya Putera, deputy at the tertiary-sector deregulation directorate at BKPM, said the one-stop service, the PTSP, had enabled the investment board to issue several permits related to the transportation, public works and public housing sectors.

During the promotional event, property developers grouped under Real Estate Indonesia (REI) criticized the long and complicated process of permit issuance in the sector, claiming that for one project, they had been required to file proposals for 44 permits with regional administrations.

Meanwhile, the Transportation Ministry has also delegated the issuance of six permits to the BKPM, including business permits for scheduled and non-scheduled air transportation.

Total investment in 2015 to reach Rp 516.5 trillion is expected by the BKPM which made up of Rp 343.7 trillion in foreign direct investment and Rp 175.8 trillion in domestic direct investment.

For detailed story, visit here

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