OJK Encourages Local Government to Dig Infrastructure Financing Sources

By : Herry Barus And Aldo Bella Putra | Sunday, December 31 2017 - 19:00 IWST

OJK
OJK

INDUSTRY.co.id - Samarinda - The Kalimantan Provincial Financial Services Authority (OJK) encourages local governments to increase the financing of infrastructure development with funding sources not only from APBD, but also from the capital market through bond issuance.

"In an effort to encourage local governments to improve infrastructure development, OJK has issued several rules that could be a reference, namely on regional bonds, green bonds, e-Registration, and other rules," said Head of East Kalimantan Province OJK Dwi Ariyanto, in Samarinda, Saturday / 12/2017)

OJK regulation is intended to support and encourage government programs, especially in the area of ​​infrastructure development in the regions through regulations on regional bonds, green bonds, and business process acceleration (e-Registration).

Issuing these provisions to facilitate local governments in issuing local bonds, strengthening the implementation of sustainable finance, and accelerating the process of service to stakeholders.

Regarding the issuance of regional bonds, continued Dwi, OJK issued three provisions, the first is the OJK Regulation (PJOK) Number 61 / POJK.04 / 2017 on Document of Enrollment of Registration in the Framework of Public Offering of Municipal Bond and / or Sukuk Daerah.

Second, OJK Regulation No. 62 / POJK.04 / 2017 concerning the Form and Content of Prospectus and Prospectus Brief for Public Offering of Municipal Bond and / or Sukuk Daerah.

Third, OJK Regulation Number 63 / POJK.04 / 2017 regarding Reports and Issuers Issuer Issue of Regional Bond and / or Sukuk Region.

The issuance of regulations related to Municipal Bond and / or Sukuk Daerah is an effort to support the government's priority programs in increasing infrastructure development not only the basis of enhancing national competitiveness, but also as a tool for the equitable distribution of economic growth throughout Indonesia.

The construction of such infrastructure needs to be supported with adequate funding sources.

"Three POJK on Bond / Sukuk Daerah is intended to increase the source of infrastructure development financing, besides sourced from Regional Budget (APBD), also from the Capital Market through the issuance of Regional Bond and / or Sukuk Daerah," said Dwi.

Through expansion of APBD financing, he added, it is expected that infrastructure development can be accelerated, so that the impact on economic growth and equity of public welfare can be immediately felt. (Ant)

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…