EFFORTS IN OBSTACLING THE PERFECTION OF INVESMENT LAW DEVELOPMENT IN INCREASING INVESTMENT IN INDONESIA

Abstract

The purpose of this research is to find obstacles and obstacles to perfect investment law which is part of a strategy to increase investment in Indonesia. This research is a quantitative research. Where this research finds and describes obstacles in the development of Indonesian investment law for the better in an effort to increase investment in Indonesia for the better. The improvement of investment law development in Indonesia in accordance with the global order begins with Law No. 1 Year 1967 on Foreign Investment (PMA) and Law No. 6 of 1968 on Domestic Investment (PMDN), which is then followed by the issuance of Presidential Decree Number 29 Year 2004 concerning the Implementation of Investment in Foreign Capital Investment and Domestic Investment through One Roof Service System. The reconstruction of the capital investment law is conducted by the issuance of Law Number 25 Year 2007 regarding Investment which regulate domestic investment and foreign investment. The agency authorized to coordinate the implementation of investment in Indonesia is the Investment Coordinating Board (BKPM). The consideration of the appointment of BKPM as the only government agency that handles investment activities in the framework of PMA and PMDN is in order to increase the effectiveness in attracting investors to invest in Indonesia. Previous researches have not discussed the strategy of increasing capital investment so that it becomes the difference between this research and previous research (originality).