1. Home
  2. Press release
Jan 14, 2016 10:20 JST

Indonesian VP: Accelerate Investment Licensing Procedures to Boost Economic Growth

JAKARTA, Jan 14, 2016 - (ACN Newswire) - Accelerating services for the issuance of investment licenses can boost economic growth in Indonesia, which is expected to reach seven percent at the end of 2017, according to Vice President Jusuf Kalla.

"The faster, the better, as it will encourage economic growth to reach seven percent at the end of 2017," the vice president remarked after the launch of the Three-hour Investment Licensing Service at the Capital Investment Coordinating Board (BKPM) building here on Monday.

After launching the three-hour Investment Licensing Service, the vice president inspected the site of the service in the company of BKPM Chief Franky Sibarani, National Police Chief General Badrodin Haiti, Manpower Minister Hanif Dhakiri, Industry Minister Saleh Husin, Trade Minister Thomas Lembong, and Agrarian and Spatial Planning Minister Ferry Musyidan Baldan.

During the course of the inspection, Vice President Kalla found out that the process of filing until the issuance of permits for business operators took only 90 minutes.

In the meantime, Sibarani remarked that the Three-hour Investment Licensing Service had a strategic role in boosting the flow of both foreign and domestic investors into the country.

He noted that since the opening of the service on October 26, 2015, seven companies had obtained business licenses, with a total investment value of Rp17.85 trillion.

"The companies are engaged in manufacturing, real estate, power plants, ports, and livestock farming," he added. --Antara.



Sectors: Daily Finance, Daily News

Copyright ©2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Latest Release


Full Convertible Bond Conversion Removes Overhang and Signals Valuation Reassessment for Shoucheng Holdings
Feb 20, 2026 20:32 JST

Investee Companies Take the National Stage: Shoucheng Holdings' 'Capital+Scenario+Industry Chain' Strategy Validated, Entering the Value Realization Phase
Feb 20, 2026 20:06 JST

Hitachi Rail Invests C$30 Million in New Canadian Headquarters
Feb 20, 2026 12:20 JST

Toyota Launches New RAV4 (PHEV) in Japan
Feb 19, 2026 19:25 JST

Osaka Hospital launches project to safely utilize generative AI for healthcare workforce improvements
Feb 19, 2026 12:12 JST

MHI Machinery Systems Participates in Ramp Merging Support Demonstration Experiment for Autonomous Vehicles on the Tokyo Metropolitan Expressway
Feb 18, 2026 15:37 JST

IDC MarketScape names Hitachi Energy a Leader in Asset Performance Management for Worldwide Utilities
Feb 18, 2026 10:51 JST

Fujitsu named to FORTUNE Magazine's list of 'World's Most Admired Companie's for eighth year running
Feb 18, 2026 10:41 JST

Fujitsu automates entire software development lifecycle with new AI-Driven Software Development Platform
Feb 17, 2026 12:21 JST

Snow master Evans leads 1-2-3-4 finish for TGR-WRT

Feb 16, 2026 15:24 JST

Ministry of Health, Labour and Welfare Grants Orphan Drug Designation in Japan to Novel Orexin Receptor Agonist E2086 for Narcolepsy
Feb 16, 2026 14:03 JST

Fujitsu and 1Finity to highlight latest network technologies and AI solutions at MWC Barcelona 2026
Feb 13, 2026 22:50 JST

Fujitsu to present latest technologies for creating social and industrial value through fusion of AI and computing at India AI Impact Summit 2026
Feb 13, 2026 22:33 JST

Mitsubishi Power Hosts Inaugural Energy Forward Forum in Indonesia with Government and Industry Experts
Feb 13, 2026 22:24 JST

MHI Successfully Demonstrates Production of Liquid Synthetic Fuels through an integrated Process Utilizing SOEC Co-Electrolysis and FT Synthesis
Feb 13, 2026 22:03 JST

JCB Sponsors the NHK Symphony Orchestra Singapore Concert 2026 - Celebrating 60 Years of Singapore-Japan Relations
Feb 13, 2026 14:00 JST

Lockheed Martin and Fujitsu Formalize Industrial Collaboration for Japan Defense
Feb 12, 2026 19:59 JST

Meiji and Fujitsu launch world's first rRAFU(TM) pilot to assess future malnutrition and frailty risk
Feb 12, 2026 16:09 JST

Fujitsu Group starts manufacturing sovereign AI servers in Japan to enhance digital sovereignty
Feb 12, 2026 12:13 JST

Premiere of Three-Row Highlander BEV in North America
Feb 11, 2026 14:25 JST
 More Latest Release >>