Jakarta City Council's Deliberative Body (Bamus) together with Executive and leaders of Regional-Owned Enterprises (BUMD) held a meeting to determine the schedule for discussing two Draft Regional Regulation (Raperda) of PT Jakarta Industrial Estate Pulogadung (JIEP).

The two draft regional regulations discussed are about the capital participation of limited liability companies and the change in legal status to a limited liability company.

Jakarta City Council Chairman, Khoirudin, said PT JIEP requires a legal basis to obtain additional capital.

"PT JIEP increases capital so that the majority of its shares are owned by the Jakarta Provincial Government," he said, Thursday (10/31).

Khoirudin added the planned allocation of additional capital for PT JIEP reaches Rp 250 billion. Some of budget allocation will be used to pay taxes.

"The budget spent on paying taxes will return to the regional revenue," he added.

Meanwhile, PT JIEP Director, Satrio Witjaksono, hopes the two draft regional regulations will be completed in December 2024 to support various programs of both the central and provincial governments next year.

"Many positive things we can do next year starting from food security, housing and manpower," he said.

In order to facilitate PT JIEP's work, he added, the discussion of the draft reginal regulation on regional capital participation is needed.

As for information, currently the composition of PT JIEP shares is 50 percent owned by the central government through PT Danareksa (Persero) and the other 50 percent is managed by Jakarta Provincial Government.