Government Investment to Focus on Stocks and Securities
The government issued new provisions on the state investment through government regulation (PP) No. 63/2019 which revokes the regulation No. 1/2008 along with its amendment, PP No. 49/2011. Based on the new regulation explanation, the government's focus on investment will shift from capital participation and lending to securities and shares.
In the implementation, Government Investment Operator (OIP) will carry out investments in stocks and securities, by taking into account the investment objectives, risk and returns, and assets allocation policy. OIP is determined by the Finance Ministry through the establishment of an exclusive Public Service Agency (BLU), besides appointing another BLU or SOE as an OIP.