Wednesday, 03 July 2019 13:14

IBAI Breakfast Meeting: Conducive Investment Climate, a Policy Review

On Tuesday, 2nd of July 2019, Italian Business Association in Indonesia (IBAI) organized a Breakfast Meeting at Batur Room, Mercantile Athletic Club, Jakarta.

IBAI supported by DENTONS HPRP organized the breakfast meeting with the topic “Conducive Investment Climate, a Policy Review". The meeting opened by IBAI Chairman, Mr. Marco Noto La Diega to welcome all the participants and giving a brief purpose of the meeting. The meeting continued by the moderator Mr. Fabian Buddy Pascoal from DENTONS HPRP. He stated that the presidential election and the legislative election 2019 have risen concerns to some investors about their investments in Indonesia. The newly elected government is expected to immediately provide more conducive investment conditions which give investors more confidence to invest and/or to expand their existing investments in Indonesia. Therefore, the speakers invited from the relevant government agencies to give clear information to participants.

The first presentation was from DR. (HC) Drs. Lutfi Rauf, M.A as the Deputy of Foreign Policy Coordination from Coordinating Ministry for Political, Legal, and Security Affairs (Kemenko Polhukam). The presentation was about the conducive security stability, national defense and domestic political stability related to the investment activities in Indonesia. The second speaker was DR. Riyatno, SH, LL.M, the Head of Legal Center from Indonesia Investment Coordinating Board (BKPM). He presented the investment report to Indonesia and especially from Italy, the sector business of investment opportunity and the new target locations for investment. In addition, he also discussed One Single Submission (OSS) that already implemented to facilitate foreign investment in Indonesia. The last speaker was Mr. Tessar Bayu Setyaji as Chief Section of Limited Stay Permit from Directorate General of Immigration presented about the licensing process for foreign workers in Indonesia and update new policy regarding the immigration permit for foreign investors.

The session continued with Q&A that addressed to the speakers. In the closing, the moderator gave a summary of the discussion and informed that for the rest questions list that cannot be answered by the speaker in the meeting due to limited time, they could contact the speakers to get the information. IBAI Chairman gave the appreciation to the speakers and audience for their participation and closed by gave the token of appreciation to the speakers and moderator.

 

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