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Investment Minister Awards Best Ministries and Regional Governments for Services

The Investment Ministry/Investment Coordinating Board (BKPM) has once again hosted the 2024 Investment Service Awards as part of its efforts to improve services for businessmen.

This event has become a prestigious platform since its inception in 2021, awarding the highest recognition for the performance of one-stop integrated services and accelerated business implementation in 18 ministries/agencies and 546 regional governments.

Investment Minister/BKPM Chairman, Rosan Perkasa Roeslani, expressed his high appreciation to all agencies and regional governments that have synergized with the Investment Ministry. He emphasized the importance of service standardization and good implementation of the Online Single Submission (OSS) system to create a more competitive investment climate.

“I would like to express my deepest thanks and appreciation to all agencies and regional governments that have cooperated and synergized with the Investment Ministry to improve services, enhance the industrial climate, the investment climate and also increase competitiveness,” Investment Minister/BPKM Chairman Rosan Perkasa Roeslani stated at the 2024 Investment Service Awards in Jakarta on Oct. 2, 2024.

Rosan also urged continuous provision of the best services in accordance with the established service level agreement. The performance assessment in the 2024 Investment Service Awards was conducted based on various important aspects, including the implementation and simplification of business licensing, the application of the OSS system, improvements in the investment climate, availability and competence of human resources, innovations in license management and the quality of facilities and infrastructure. The commitment and support of regional heads also plays a critical role in this assessment.

The assessment process involved an independent team from various agencies, including relevant ministries, the Financial and Development Supervisory Agency (BPKP), the Regional Autonomy Watch (KPPOD) and the Indonesian Young Entrepreneurs Association (HIPMI).

The assessment was conducted through three main stages. First, a self-assessment stage, which was verified and validated on site. Second, a nomination stage consisting of 34 nominees, including 10 ministries/agencies, eight provincial governments, eight regency governments and eight city governments. Third, a sampling and presentation stage of the nominees that determined the winners.

“When we compare it with 2023, for regional governments with outstanding performance, there was a significant increase of 56.8 percent, while the improvement in the good category reached 8.37 percent. This performance enhancement is partly due to continuous and sustainable coaching,” Rosan added.

Several new names appeared in this award, such as the Defense Ministry and Maluku province. This shows that efforts to improve business licensing services and accelerate investment implementation are becoming more evenly distributed throughout Indonesia.

“We urge everyone to provide the best service because we already have provisions in the service level agreement that must be adhered to. Thus, we from the Investment Ministry will issue policies which will provide more certainty to the business world,” Rosan added.

According to data from the Investment Minister/BKPM, there are three major achievements in investment realization from October 2019 to June 2024.

First, the total realized investment has reached Rp5,931.3 trillion (US$389.77 million) and is expected to reach Rp6,350 trillion by the end of September 2024, with an average annual investment growth of 18 percent.

Second, the investment has absorbed 7,188,479 Indonesian workers, or an average of 1,437,695 workers per year.

Third, there has been an equitable distribution of investment, where since the third quarter of 2020, investment realization outside Java Island has been consistently higher than on Java Island.

The 2024 Investment Service Awards demonstrate the government's commitment to improving the investment climate in Indonesia. The improved performance and innovative services implemented by the winners not only positively impact the local investment climate but also improve regional competitiveness at the national level. This reflects the rising standard of investment services in Indonesia, with many regional governments and ministries continuously striving to improve their performance and services to attract more investors.

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