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LEGAL ASPECTS OF INVESTMENT IN THE FRAMEWORK IMT-GT SUB-REGIONAL ECONOMIC COOPERATION (INDONESIA-MALAYSIA-THAILAND GROWTH TRIANGLE) IN INDONESIA Sayid Fadhil
LITERACY : International Scientific Journals of Social, Education, Humanities Vol. 2 No. 1 (2023): April : International Scientific Journals of Social, Education, Humanities
Publisher : Badan Penerbit STIEPARI Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56910/literacy.v2i1.515

Abstract

Investment activities have a critical role in increasing the growth of a country's trade flows, and conversely, an increase in trade activities will also encourage investment growth. All of these aim to increase economic growth. The agreement in cooperation in investment in the Sub-Regional, Regional, and Multilateral scope regulates the principles of cross-border investment between countries by "minimizing" investment barriers so that capital flows can flow smoothly from one country to another other. The IMT-GT (Indonesia-Malaysia-Thailand Growth Triangle) Sub-Regional Economic Cooperation, an anticipatory response to implementing the AFTA (ASEAN Free Trade Area), is quite good when viewed from the object of cooperation. However, differences in progress, quality of human resources, limited capital, licensing systems, and applicable legal instruments are problems or obstacles in the investment sector's cooperation process. In addition, Indonesia's economic system, which is still centralized, makes it difficult for this region to develop. This study uses a normative juridical approach using secondary data. Information data collection was carried out through library research and interviews. Data and information were analyzed qualitatively and presented in a descriptive-analytical form with deductive conclusions drawn. From the research results, the implementation of IMT-GT in order to support investment in the regions needs to be pursued in several steps, namely, creating/refining regulations, existing licensing systems that are less supportive/inhibiting trade and investment, building and rehabilitating various facilities and infrastructure and encouraging KADIN (Chamber of Commerce and Industry) as the spearhead to play a more active role.
Juridical Analysis Of Evaluation And Supervision Of The Use Of Rights On Land Management Rights (HPL) To Strengthen Legal Certainty Michael Hasiholan Hutapea; Soerya Respationo; Sayid Fadhil; Erniyanti Erniyanti
International Journal of Education, Language, Literature, Arts, Culture, and Social Humanities Vol. 1 No. 4 (2023): November : International Journal of Education, Language, Literature, Arts, Cult
Publisher : FKIP, Universitas Palangka Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59024/ijellacush.v1i4.421

Abstract

The granting of Batam Island management rights is stated in Article 6 paragraph (2) letter a of Presidential Decree Number 41 of 1973, stating that all land areas located on Batam Island are handed over with management rights to the Chairman of the Batam Island Industrial Area Development Authority (later called the Batam Authority). Referring to Article 4 of Government Regulation Number 46 of 2007, Management Rights over land under the authority of the Batam Authority and Management Rights over land under the authority of the Batam City Government located in the Batam Free Trade Zone and Free Port are transferred to BP Batam by statutory regulations. Invitation. The areas in question are Batam Island, Setokok Island, Watch Island, Nipah Island, Galang Baru Island, Rempang Island, and Galang Island. However, replacing the subject of management rights does not end existing rights on Management Rights land; these rights remain in effect until the validity period ends. Thus, currently, Batam City Management Rights are owned by BP Batam. Problems with management rights also occur in the community of Batam City. This is, of course, a result of the development of Batam City, where the land rights are mainly allocated to industrial areas, housing (residential), government, and protected forests. One of the purposes of granting Management Rights to BP Batam was to accelerate investment. However, during the process, it was discovered that the land allocated to a third party (Investor) had yet to be physically developed as agreed upon at the time of allocation. This then becomes the basis for BP Batam to carry out evaluation and control over land that is not built and built not by its intended use.