BKPM Has Officially Filed Revision of DNI

INDUSTRY.co.id - Jakarta -The Investment Coordinating Board has formally submitted a revised Negative List of Investment to the Coordinating Ministry for Economic Affairs.

"A few days ago we have officially proposed revised Negative Investment List (DNI)," said Head of BKPM Thomas Trikasih Lembong at a press conference in Jakarta on Tuesday (6/3/2018).

Tom, Thomas's familiar greeting, does not explicitly mention the sectors to be overhauled in the revision of DNI this time. He said the decision on the sector and what aspects will be changed is in the hands of the Coordinating Minister of Economy which will be discussed in the Cabinet Meeting and approved by President Jokowi and Vice President Jusuf Kalla.

Nevertheless, the former Minister of Trade emphasized that the revision of DNI is the earliest step because there are still many hurdles on the upstream faced by investors in investing in Indonesia.

"For me the DNI is not the first step, but the number zero step because just replace the banner of 'Banned Entry' to 'Please Enter' .After crossing the threshold of the investor faced with licensing and rules of convoluted terms and thousands. So the revision of the DNI enough," he said.

Because there are still many obstacles faced by investors, Tom admitted personally proposed that the revision of the DNI does not need to be done on a large scale.

"But the opening is really opened until the downstream process of licensing and regulation is a bottleneck," he said.

The DNI revision method, according to him, is slightly different from the approach in the past. That's because there are still many sectors that have not fully optimally attract investment even though it has been open to foreigners.

"Now I think we focus on which sectors are priority and we focus and upstream up to the rules and regulations," he said.