Ministry of Investment (Indonesia) explained

Agency Name:Ministry of Investment
Nativename:Indonesian: Kementerian Investasi
Type:Ministry
Seal:Logo of Ministry of Investment - Indonesia Investment Coordinating Board (2021).png
Formed:28 April 2021
Jurisdiction:Government of Indonesia
Minister1 Name:Rosan Roeslani
Minister1 Pfo:Minister of Investment
Minister2 Name:Yuliot Tanjung
Minister2 Pfo:Deputy Minister of Investment
Website:https://www.bkpm.go.id/

The Ministry of Investment (Indonesian: Kementerian Investasi) is a government ministry formed by the Indonesian government in 2021. The ministry is responsible for investment affairs and facilitating easiness of investment in Indonesia.

History

On 30 March 2021, Joko Widodo submitted a Presidential Letter No. R-14/Pres/03/2021 to People's Representative Council containing a proposal for major change to his cabinet. In his Presidential Letter, Ministry of Investment, will be spun off from existing Coordinating Ministry for Maritime and Investments Affairs to be independent ministry on its own, but still under its coordination.[1]

On 9 April 2021, People's Representative Council, approved the changes.[2]

The form of the ministry is not yet known at that time of announcement of approval. It was speculated that the new ministry either split off from part of Coordinating Ministry for Maritime and Investments Affairs or elevation of existing Investment Coordinating Board.[3] However, it later confirmed that the ministry is actually elevation of Investment Coordinating Board. If done, this ministry is continuation of previously Suharto era and early Reformasi era's Habibie State Ministry of the Promotion of Investment, which existed during 1993 to 1999, during Sixth Development Cabinet and Development Reform Cabinet, respectively.[4]

On 13 April 2021, Ali Mochtar Ngabalin, spokesperson and expert professional of Deputy IV (Information and Political Communication) Presidential Staff Office, announced that the second reshuffle will take place on second week of April 2021.[5] However, due to many reasons, the second reshuffle finally announced on 28 April 2021. Unusual for reshuffle happening in Indonesia, this reshuffle was the first of its kind which not only reshuffled the ministers, but also disbanded ministry institutions during the mid-term. In this reshuffle, Bahlil Lahadalia was appointed the first holder of Minister of Investment.[6] All appointed officials were inaugurated and their respective new offices were established with Presidential Decision No. 72/P/2021.[7]

Organizations

Appointer:President of Indonesia
Post:Minister of Investment
Insignia:Logo of Ministry of Investment - Indonesia Investment Coordinating Board (2021).png
Insigniasize:250px
Incumbent:Bahlil Lahadalia
Incumbentsince:28 April 2021
Formation:17 March 1993
Inaugural:Sanyoto Sastrowardoyo

By the virtue of the ministry temporary constitutional document, Presidential Decree No. 31/2021, the ministry is headed by Minister of Investment. The minister post is a concurrent post in which the minister also acted as Head of Indonesia Investment Coordinating Board. As the ministry is elevation of the previous Indonesian Investment Coordinating Board, the ministry retained the previous organizational structure of the board (Presidential Decree No. 24/2020). However, the result is the ministry structure was mixed, and overlapped. On 29 July 2021, the structure of the ministry and the board was amended with the issuance of Presidential Decree No. 63/2021 (Ministry of Investment)[8] and No. 64/2021 (Indonesia Investment Coordinating Board).[9] With the amendment, the structure and responsibilities between the ministry and the board are clearly separated, not mixed as before.

The ministry, as the Presidential Decree No. 63/2021 outlined, is the planning, regulating, and decision making of the investment policies in Indonesia. The ministry is organized in following manner:[8]

  1. Office of the Ministry of Investment (concurrent post with Chief of Indonesia Investment Coordinating Board).
  2. Office of the Deputy Ministry of Investment (concurrent post with Vice Chief of Indonesia Investment Coordinating Board).
  3. Office of the Ministry Secretariat
  4. Advisors to the Ministry:
    1. Enhancement of Investment Competitiveness
    2. Macroeconomy
    3. Institutional Relation
    4. Development of Investment Sector Priorities
    5. Equity and Partnerships in Capital Investment

List of ministers

MinisterTook officeLeft officePolitical partyCabinet
1Sanyoto Sastrowardoyo17 March 199314 March 1998 bgcolor=#ffff00 rowspan="2"Golkar PartyDevelopment VI
16 March 1998 23 May 1998Development VII
2Hamzah Haz23 May 199818 May 1999bgcolor=#006600 United Development PartyDevelopment Reform
3Marzuki Usman18 May 199927 September 1999bgcolor=#d3d3d3 rowspan="2"Independent
Muhammad Zuhal
(ad-interim)
1 October 199920 October 1999
Office abolished from 20 October 1999 until 28 April 2021
4Bahlil Lahadalia28 April 2021Incumbentbgcolor=#d3d3d3 IndependentOnward Indonesia

See also

References

  1. Web site: Budiman. Aditya. 2021-04-09. DPR Restui Keinginan Jokowi Bentuk Kementerian Investasi. 2021-04-09. Tempo. id-ID.
  2. Web site: Ramadhan. Ardito. Rastika. Icha. 2021-04-09. DPR Setujui Pembentukan Kementerian Investasi serta Kementerian Pendidikan, Kebudayaan, Riset, dan Teknologi. 2021-04-09. KOMPAS.com. id.
  3. Web site: Purba. Sampe L.. 2021-04-10. Sampe L. Purba : Selamat Datang Kementerian Investasi - Opini Katadata.co.id. 2021-04-10. katadata.co.id. id.
  4. Web site: Al Faqir. Anisyah. 2021-04-10. BKPM Jadi Kementerian Investasi, Jejak Orde Baru yang Kembali Terulang. 2021-04-10. liputan6.com. id.
  5. Web site: detikcom. Tim. Ngabalin: Insyaallah Reshuffle Kabinet Pekan Ini!. 2021-04-13. detiknews. id-ID.
  6. Web site: Rizqo. Kanavino Ahmad. 2021-04-28. Ada Reshuffle, Ini Daftar Pejabat yang Dilantik Jokowi Hari Ini. 2021-04-28. detiknews. id-ID.
  7. Web site: Sekretariat Presiden. Biro Pers, Media dan Informasi. 2021-04-28. Presiden Jokowi Lantik Menteri Investasi, Mendikbudristek, dan Kepala BRIN. 2021-04-28. Presiden RI. id-ID.
  8. Presidential Decree . 63 . 2021. . Peraturan Presiden RI Nomor 63 Tahun 2021 tentang Kementerian Investasi .
  9. Presidential Decree . 63 . 2021. . Peraturan Presiden RI Nomor 64 Tahun 2021 tentang Badan Koordinasi Penanaman Modal . id.