"It could be passed in October. The sooner the better," BKPM head said during a video conference here on Tuesday.
"First, it could cut red tape. Second, it could bolster business certainty. Third, it could strengthen our micro, small and mid-size enterprises," he explained.
During the period January - June 2020, Indonesia's investment realization performance reached IDR 402.6 trillion, consisting of IDR 195.6 trillion Foreign Direct Investment (FDI) and IDR 207.0 trillion Domestic Direct Investment (DDI) realization.
That performance succeeded in hiring 566,194 Indonesian labor.
In the first half of 2020, FDI contributed for IDR 195.6 trillion or 48.6% of the total investment realization and contributed to labor employment as many as 269,717 people.
The biggest contribution to the sector came from the basic metal industry, metal products, non-machinery and equipment (21 percent), the location of the project with the largest investment realization is West Java (16.7 percent) and the largest FDI country is Singapore (34.4 percent).