Jefridin, Batam’s City Secretary, emphasizes the need for genuine investment activity reporting during a technical guidance session, underlining its critical role in shaping future investment policies.
At the event held at the Galaxy Ballroom of Planet Holiday Hotel and Residence, Jefridin represented the Mayor of Batam, Muhammad Rudi, urging 250 business attendees to comply with current investment reporting standards to ensure accurate policy development.
Highlighting the necessity of reporting investment activities as they are, to directly influence the making of more informed and effective investment policies in Batam.
Photo: Kepri Times (2024)
Discussion of strategic projects like major road constructions linking Hang Nadim Airport to Batuampar Port, and national strategic areas like Tanjung Sauh and Rempang Ecocity, aimed at enhancing access for investors and tourists.
Batam’s economic growth reached 7.04% in 2023, outpacing both the regional and national growth rates, which Jefridin attributes to collaborative efforts among the government, businesses, and the local community.
The workshop aims to ensure that business owners regularly submit their Investment Activity Reports (LKPM), enhancing transparency and governance.
Read More: Batam Eyes Record Investment of SGD 4.62 Billion in 2024
Early 2024 showed a significant increase in investments reaching IDR 7.4 trillion in the first quarter, indicating Batam’s dominant role in boosting the region’s economic landscape.
Batam’s initiative to mandate honest investment reporting is a promising step towards ensuring sustainable investment growth and developing robust economic policies. This not only secures investor confidence but also supports the broader regional economic stability.
Batam’s commitment to accurate investment reporting during the technical guidance session highlights the city’s strategic move to align investment data with policy-making, ensuring that investments are correctly channelled and beneficial for both local and international stakeholders.
Sources: Media Center, Arira News (2024)
