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Friday, 09 October 2020 12:46

Over 150 Companies To Enter Indonesia After Omnibus Law Passes

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Head of BKPM Bahlil Lahadalia Head of BKPM Bahlil Lahadalia BKPM

Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said that around 153 companies will enter and invest in Indonesia after the Omnibus Law on Employment Creation is passed.

He said the 153 companies came from within and outside the country, including companies that had relocated their investment from several countries.

"The 153 companies have relocated from several countries, such as Korea, Taiwan, Japan, America, then China. There are several from Europe and other countries, including domestic entrepreneurs," he said in an online press conference in Jakarta, Thursday.

According to Bahlil, it has been difficult for these investors to obtain permits because they have to ping pong here and there.

Therefore, the passing of the Omnibus Law on Job Creation on Monday (5/10) has made investors more confident about investing in Indonesia.

"So far they have not made (investment) because the permits have been circled, ping pong here and there. With the current (Omnibus Law), they really want to invest," he explained.

There are also sectors that are targeted at the 153 companies, ranging from infrastructure, manufacturing industries, plantations, forestry, mining to health, energy, and tourism.

However, he did not explain in more detail the profiles of the companies in question, including the investment value and the potential for employment. Previously, Bahlil revealed that 153 companies were ready to enter Indonesia after the Work Creation Law was passed.

"With these 153 (companies), it will automatically accommodate a lot of jobs," he said in a virtual press conference at the Coordinating Ministry for Economic Affairs in Jakarta, Wednesday (7/10).

These companies are expected to absorb around 2.9 million workers every year and seven million job seekers, and there are around six million workers who have been laid off and laid off due to the impact of the COVID-19 pandemic. (Antaranews)

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