VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The 16th economic policy package that has just been issued is focused on encouraging the entry of foreign capital through direct investment in the country. It is expected that the increase in direct investment will be able to cover the increase in the Current Account Deficit -CAD and increase investor confidence. This was stated by Coordinating Minister for Economic Affairs, Darmin Nasution at the Presidential Office in Jakarta last Friday (11/16) when launching the 16th Economic Policy Package. Minister Darmin explained that the policies in the 16th package encourage the entry of larger foreign capital, including through Direct Investment. He also argued that Indonesia needs to continue to be prepared to face uncertainties in global economic conditions in 2019. This is worsened with the trade war that will still occur among countries. Relaxation of policies is  implemented by the government to maintain the resilience of the national economy; one of them is by issuing the 16th Economic Policy Package. At least, there are 3 policies implemented, namely expanding the Tax Holiday Reduction Facility, relaxing the Negative Investment List -DNI, and strengthening foreign exchange controls by providing tax incentives for the results of Natural Resources. Minister Darmin Nasution also explained that the policies in the 16th package are a form to encourage the entry of larger foreign capital, including through Direct Investment. Meanwhile, Bank Indonesia -BI will issue a new regulation that is obliged to bring export proceeds (DHE) into the country on January 1, 2019. One of these rules is the implementation of the improvement of the 16th Economic Policy Package. Governor of BI, Perry Warjiyo said that his side would make a special savings account (SSR) for foreign exchange depositors in the new regulation. In the deposit, BI will provide incentives in the form of deposit tax deductions. He also explained that a number of conveniences would be enjoyed by entrepreneurs who earn income from export proceeds, without reducing the need for companies to fulfill their foreign currency obligations. This Foreign Exchange Export Policy is in accordance with Law No. 24/99 concerning the ease of exchanging foreign exchange in Rupiah and providing incentives. Governor Perry added that the incentives to be given to foreign exchange exporters are in the form of deposit tax deductions. This is also regulated and distinguished in the foreign exchange which is saved between dollars and rupiah.