During a hearing with the House of Representatives’ budget commission in Jakarta on Wednesday, Coordinating Economic Minister Darmin Nasution announced the government’s 16th policy package to be launched in early August.
Although the declined to disclose details about the package, he stated that it will be an extension of the 15th policy package, which aimed at improving logistics in the country, in a bid to excel investment in the archipelago.
Darmin said the 16th package will address four main issues: enhancing the role of transportation insurance, reducing costs for logistic service providers, strengthening the Indonesia National Single Window (INSW) authority and reducing the number of prohibited and restricted goods.
The Investment Coordinating Board (BKPM) has set a target to rake in Rp 678.8 trillion (US$50.9 billion) by year-end, or a 10.7 percent increase from what it achieved last year.
Indonesia has launched 15 economic packages to incentivize investors and simplify business regulations — all in a bid to attract more investors.