Investment Procedure : Profile of Institution

PROFILE OF INSTITUTION

NDONESIA INVESTMENT COORDINATING BOARD (BKPM)

The Indonesia Investment Coordinating Board (BKPM) is the primary interface between business and government in Indonesia. BKPM is mandated to boost domestic and foreign direct investment through creating a conducive investment climate.

BKPM was restored to Ministerial status in 2009, and reporting directly to the President of the Republic of Indonesia.

This investment agency’s goal is not only to seek more domestic and foreign investment, but also to seek quality investments that boost economic growth, improve social inequality, and reduce unemployment. The agency also works as a proactive advocate for investments as well as a matchmaker for investors.

iBKPM develop strategies to improve its end-to-end service for investors. Our marketing team is strengthened and focused. One team is dedicated for one country. We facilitate investors from exploring investment opportunities, getting licences, constructing their projects, until they are running commercial operation.
We are enhancing reforms that have been implemented. More one-stop integrated service at regional level will be established. More license and facility will be provided in the 3-hour service. More industrial estates will be eligible to implement the direct construction facility.

Working closely with business associations and investors, BKPM continuously encourages government to issue pro investment policies.

Indonesia Investment Promotion center (IIPC) is a representative of BKPM aiming to develop networks to promote business opportunities and to boost FDI into Indonesia.

PROFILE OF BKPM CHAIRMAN

Thomas Trikasih Lembong, also known as Tom, is the Chairman of Indonesia Investment Coordinating Board. He was the Indonesian Minister of Trade from August 2015 to July 2016.

Prior his appointment in the cabinet, he has a long professional record. In 1994, Mr. Lembong started his career at Morgan Stanley and Company as a Sales and Trading Associate. Then, he worked at Equities Division of Morgan Stanley (Singapore), served as Senior Manager at Corporate Finance Department of Makindo, and Investment Banker of Deutsche Securities Indonesia.

Between 2002 and 2005, Mr. Lembong served as Division Head and Senior Vice President at the Indonesian Bank Restructuring Agency (IBRA). He is employed with Principia Management Group, and was a Managing Partner and CEO at Quvat Management, a private equity fund established in 2006.

Mr. Tom Lembong received a Bachelor’s degree (Bachelor of Arts) majoring in Architecture and Urban Design from Harvard University in Cambridge, USA in 1994. He also was elected as Young Global Leader (YGL) by the World Economic Forum (WEF) in 2008.

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