President Jokowi Targets Licensing Center Building Operations 2018

By : Herry Barus And Aldo Bella Putra | Friday, September 01 2017 - 20:00 IWST

Presiden Jokowi saat menghadiri pencatatan perdana kontrak investasi kolektif di Gedung BEI Kamis (31/8).
Presiden Jokowi saat menghadiri pencatatan perdana kontrak investasi kolektif di Gedung BEI Kamis (31/8).

INDUSTRY.co.id - Jakarta- President Joko Widodo targets his staff that by early 2018, the government should have a central building that specifically manages licenses.

The President on the occasion at the Indonesia Stock Exchange (IDX), Jakarta, Thursday also criticized the issuance for the securitization of KIK EBA Mandiri JSMR01 assets owned by PT Jasa Marga (Persero) Tbk (JSM) which took up to nine months.

"Beginning next year, January or February 2018, we have to have one building that is specialized in licensing affairs," he said.

Jokowi, the president's familiar greeting, said the building will be the location of licensing arrangements with a single submission system.

"This system of application of this arrangement must be prepared, all must be managed with 'Single Submission'," he said.

Jokowi said the simplification of licensing should be applied in all agencies. The ranks of the government, which still has a complicated bureaucratic permit, will be reprimanded by the President.

"It used to be very difficult for business at the Investment Coordinating Board (BPKM) for many years, but now it can be three hours after eight permits, and I will also tell the Ministers not to be monthly or yearly," he said.

Related to the duration of the securitization of KIK EBA Mandiri JSMR01 assets owned by PT Jasa Marga, Jokowi criticized the related process which took up to nine months.

Jokowi called directly the President Director of PT. Jasa Marga Desi Aryani before inaugurating the registration of such securitization.

According to Desi, the process of securization takes time because it must equate perceptions with various parties about the investment KIK-EBA.

Then, Jasa Marga also must wait for confirmation letter from the Directorate General of Taxation of the Ministry of Finance regarding the unnecessary of Value Added Tax (VAT).

"What is not yet VAT, if the PPH already.Investors need a written explanation does not need VAT that is a statement that does not need VAT," she said.

Jokowi asks the Directorate General of Taxes in the future to be faster and not linger in issuing the VAT-free confirmation letter.

"Letter of confirmation like this can be months. Ouch," said Jokowi.

The President took the lead in recording the investment securitization of KIK EBA Mandiri JSMR01 assets owned by PT Jasa Marga (Persero) Tbk (JSMR). The securities are based on Jakarta-Bogor-Ciawi Toll (Jagorawi) toll revenue.

News Comment

Today's Industry

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Jumat, 02 Desember 2022 - 22:48 WIB

Lockup Sentiment Only Temporarily, GOTO Owns Chance to Rebound

Shares of PT Goto Gojek Tokopedia Tbk (GOTO), which experienced selling pressure after end of the lock up period on November 30, 2022, are considered by a number of market participants to provide…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 30 November 2022 - 19:35 WIB

GoPay's Dominance Drives Consistency in GOTO's Financial Business Segment Growth

The financial services business segment, namely GoTo Financial owned by PT GoTo Gojek Tokopedia Tbk (GOTO), recorded impressive business growth consistency. This is reflected in GoPay's dominance…

The President Director of PT Honeywell Indonesia, Roy Kosashi, clarified many kind of leading technology for Indonesia’s New Capital City, in Jakarta on Tuesday (29/11/2022). (Photo: PT Honeywell Indonesia)

Rabu, 30 November 2022 - 19:28 WIB

Honeywell Ready to Support Indonesia’s New Capital City with Sustainability Technologies and Solutions

Honeywell announced today that it is Ready Now to support the Nusantara Capital Authority (OIKN) in realizing their goal of making a sustainable and smart forest city. OIKN is the government…

Gibu Mathew, Vice President and General Manager in Asia-Pacific (APAC) in Zoho Corp. (special)

Rabu, 30 November 2022 - 11:22 WIB

How to Make SaaS Work for Small and Medium-Sized Businesses

Southeast Asia's digital transformation has been impressive as the region is now poised to reach a projected digital economy worth USD360 billion by 2025. With digitalisation, the region bore…

PT Dharma Polimetal ("Dharma Group") Triputra Group automotive component manufacturing company.

Senin, 28 November 2022 - 12:15 WIB

DRMA Remains Optimistic 2023 Automotive Still Rises, Targets Sales Up 20%

PT Dharma Polimetal Tbk (“DRMA”), a listed company engaged in automotive component manufacturing business sees the prospects for the automotive business in 2023 will still remain promising.…