Home Minister Tjahjo Kumolo has said that the government plans to dissolve the Batam Free Trade Zone Management Agency (BPK FTZ) in an effort to eliminate the overlapping of authority in Batam.
However, the minister's statement is not considered an official announcement from the government. The Batam BPK FTZ will continue to carry out its working programs and has asked investors to remain calm in response to the comment.
Batam BPK FTZ head Mustofa Widjaja told The Jakarta Post on Friday that Coordinating Minister for Economic Affairs Darmin Nusution had corrected Tjahjo's comment on Dec. 31.
"Pak Darmin has corrected the home minister's comment and has said that it's not true that BPK FTZ is to be dissolved. We will continue with development programs in Batam. We have asked investors to remain clam. I'm positive that President Joko "Jokowi" Widodo would not make policies that would have a negative impact on people and investors," said Mustofa.