"This regulation indicates the government's support to micro, small, and medium enterprises (MSMEs) that are one of the pillars of the Indonesian economy," Head of the Nusantara Capital City Authority (OIKN), Bambang Susantono, stated in Nusantara, East Kalimantan, on Thursday.
The Government Regulation (PP) No. 12 of 2023, regarding the granting of business licenses, ease of doing business, and investment facilities for business actors in IKN aims to provide greater certainty, opportunities, and participation for business actors to accelerate the development of Nusantara.
Greater participation from these business actors is expected to ensure equitable distribution of development, including accelerating the movement of the Indonesian economy going forward.
Susantono reiterated that the issuance of PP No. 12 of 2023 is proof that the government is serious about providing legal certainty and ease of doing business for business actors keen to participate in the development of Nusantara.
He believes that the issuance of this regulation will have a positive impact on economic circulation, including being able to accelerate the development of IKN, with investment from the private sector, both from within and outside the country.
"The issuance of this PP is a concrete form of direction from the President of Indonesia Joko Widodo to provide an attractive policy package, with the maximum possible incentives, within the corridor of the applicable law," Susantono reaffirmed.
PP No. 12 of 2023 covers five scopes of regulation related to business licensing, ease of doing business, investment facilities, supervision, and evaluation.
Some 12 articles are related to business licensing, 10 articles pertaining to ease of doing business, 42 articles for the scope of investment facilities, and two articles for the scope of supervision, and one article related to evaluation.
He invited the public to thoroughly study PP No. 12 of 2023 to be able to fully comprehend the essence of this PP as a whole and not in bits and parts to prevent wrong perceptions from arising.
Susantono also said that in future, legal products derived from this PP would also be issued, specifically to regulate in detail the implementation of the PP.
"Relevant ministries and institutions will immediately issue derivative regulations, such as Minister of Finance Regulations (PMK) and OIKN Head Regulations, namely to explain the mechanism and procedures," Susantono stated.
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Translator: M. Ghofar, Cindy Frishanti Octavia
Editor: Anton Santoso
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