Ministry of Investment (Indonesia)

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Republic of Indonesia
Ministry of Investment
Kementerian Investasi
Logo of Ministry of Investment - Indonesia Investment Coordinating Board (2021).png
Logo of the Ministry of Investment
Flag of the Ministry of Investment of the Republic of Indonesia.png
Flag of the Ministry of Investment
Ministry overview
Formed28 April 2021
JurisdictionGovernment of Indonesia
Minister responsible
Websitehttps://www.bkpm.go.id/

The Ministry of Investment (Indonesian: Kementerian Investasi) is a new government ministry formed by the Indonesian government in 2021. The ministry responsible for investment affairs and facilitating easiness of investment in Indonesia.

History[]

On 30 March 2021, Joko Widodo submitted a Presidential Letter No. R-14/Pres/03/2021 to People's Representative Council contained a proposal for major change his cabinet. In his Presidential Letter, Ministry of Research and Technology and Ministry of Education and Culture will be fused into one ministry named Ministry of Education, Culture, Research and Technology. While a new ministry, Ministry of Investment, will be spin off from current Coordinating Ministry for Maritime and Investments Affairs to be independent ministry on its own, but still under its coordination. National Research and Innovation Agency (Indonesian: Badan Riset dan Inovasi Nasional/BRIN) will be separated as a new non-ministerial agency.[1]

On 9 April 2021, People's Representative Council, approved the changes.[2]

The form of the ministry is not yet known at that time of announcement of approval. It was speculated that the new ministry either split off from part of Coordinating Ministry for Maritime and Investments Affairs or elevation of currently existing Indonesia Investment Coordinating Board [id].[3] However, it later confirmed that the ministry actually elevation of Indonesia Investment Coordinating Board. If done, this ministry is continuation of previously Suharto era and early Reformasi era's Habibie State Ministry of the Promotion of Investment, which was existed during 1993 to 1999, during Sixth Development Cabinet and Development Reform Cabinet, respectively.[4]

On 13 April 2021, Ali Mochtar Ngabalin, spokesperson and expert professional of Deputy IV (Information and Political Communication) Executive Office of the President of the Republic of Indonesia, announced that the second reshuffle will take place on second week of April 2021.[5] However, due to many reasons, the second reshuffle finally announced at 28 April 2021. Unusual for reshuffle happened in Indonesia, this reshuffle was the first of its kind which not only reshuffled the ministers, but also disbanding ministry institutions during the mid-term. In this reshuffle, Bahlil Lahadalia appointed as the first holder of Minister of Investment.[6] All appointed officials inaugurated and their respective new offices were established with Presidential Decision No. 72/P/2021.[7]

Organizations[]

By the virtue of the ministry temporary constitutional document, Presidential Decree No. 31/2021, the ministry headed by Minister of Investment. The minister post is a concurrent post in which the minister also acted as Head of Indonesia Investment Coordinating Board. As the ministry is elevation of the previous Indonesian Investment Coordinating Board, the ministry was retained the previous organizational structure of the board (Presidential Decree No. 24/2020). However, the result is the ministry structure was mixed, and overlapped. On 29 July 2021, the structure of the ministry and the board amended with the issuance of Presidential Decree No. 63/2021 (Ministry of Investment)[8] and No. 64/2021 (Indonesia Investment Coordinating Board).[9] With the amendment, the structure and responsibilities between the ministry and the board clearly separated, not mixed as before.

The ministry, as the Presidential Decree No. 63/2021 outlined, is the planning, regulating, and decision making of the investment policies in Indonesia. The ministry organized in following manner:

  1. Office of the Ministry of Investment (concurrent post with Chief of Indonesia Investment Coordinating Board).
  2. Office of the Deputy Ministry of Investment (concurrent post with Vice Chief of Indonesia Investment Coordinating Board).
  3. Office of the Ministry Secretariat
  4. Advisors to the Ministry:
    1. Enhancement of Investment Competitiveness
    2. Macroeconomy
    3. Institutional Relation
    4. Development of Investment Sector Priorities
    5. Equity and Partnerships in Capital Investment

The board, as the Presidential Decree No. 64/2021 outlined, had the role as the executioner and controlling the implementation of the investment policies in Indonesia. The board organized in following manner:

  1. Office of the Chief of Indonesia Investment Coordinating Board.
  2. Office of the Vice Chief of Indonesia Investment Coordinating Board.
  3. Main Secretariat
    1. Office of General Inspectorate
  4. Deputy of Investment Planning (Deputy I)
  5. Deputy of Strategic Investment Downstreaming (Deputy II)
  6. Deputy of Development of Investment Climate (Deputy III)
  7. Deputy of Investment Promotion (Deputy IV)
  8. Deputy of Investment Cooperation (Deputy V)
  9. Deputy of Investment Services (Deputy VI)
  10. Deputy of Control of Investment Implementation (Deputy VII)
  11. Deputy of Investment Information and Technology (Deputy VIII)
  12. Centers
    1. Data Processing and Information Center
    2. Education and Training Center
    3. Legal Aid Center

References[]

  1. ^ Budiman, Aditya (2021-04-09). "DPR Restui Keinginan Jokowi Bentuk Kementerian Investasi". Tempo (in Indonesian). Retrieved 2021-04-09.
  2. ^ Ramadhan, Ardito; Rastika, Icha (2021-04-09). "DPR Setujui Pembentukan Kementerian Investasi serta Kementerian Pendidikan, Kebudayaan, Riset, dan Teknologi". KOMPAS.com (in Indonesian). Retrieved 2021-04-09.
  3. ^ Purba, Sampe L. (2021-04-10). "Sampe L. Purba : Selamat Datang Kementerian Investasi - Opini Katadata.co.id". katadata.co.id (in Indonesian). Retrieved 2021-04-10.
  4. ^ Al Faqir, Anisyah (2021-04-10). "BKPM Jadi Kementerian Investasi, Jejak Orde Baru yang Kembali Terulang". liputan6.com (in Indonesian). Retrieved 2021-04-10.
  5. ^ detikcom, Tim. "Ngabalin: Insyaallah Reshuffle Kabinet Pekan Ini!". detiknews (in Indonesian). Retrieved 2021-04-13.
  6. ^ Rizqo, Kanavino Ahmad (2021-04-28). "Ada Reshuffle, Ini Daftar Pejabat yang Dilantik Jokowi Hari Ini". detiknews (in Indonesian). Retrieved 2021-04-28.
  7. ^ Sekretariat Presiden, Biro Pers, Media dan Informasi (2021-04-28). "Presiden Jokowi Lantik Menteri Investasi, Mendikbudristek, dan Kepala BRIN". Presiden RI (in Indonesian). Retrieved 2021-04-28.
  8. ^ Sekretariat Negara Republik Indonesia (2021-07-29). "PERATURAN PRESIDEN REPUBLIK INDONESIA NOMOR 63 TAHUN 2021 TENTANG KEMENTERIAN INVESTASI" (PDF). JDIH Sekretariat Negara Republik Indonesia (in Indonesian). Retrieved 2021-08-11.
  9. ^ Sekretariat Negara Republik Indonesia (2021-07-29). "PERATURAN PRESIDEN REPUBLIK INDONESIA NOMOR 64 TAHUN 2021 TENTANG BADAN KOORDINASI PENANAMAN MODAL" (PDF). JDIH Sekretariat Negara Republik Indonesia (in Indonesian). Retrieved 2021-08-11.
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