THE URGENCY OF HARMONIZING CONTRADICTORY REGIONAL REGULATIONS THAT HINDERS THE INVESTOR INTEREST ON INVESTMENT

Abstract

Indonesia as a developing country needs investors in developing natural resource potential and national development. The main source of national development funds in Indonesia can be domestic funds. However, the amount of available domestic funds is very limited, so the government uses funds from abroad. One source of funds from abroad that can be used to finance Indonesia's development is foreign investment or investment. Investors in investing have several wrong considerations. only one is the regulations that apply in that country. The existence of regional regulations that are contradictory to the central regulations in the investment sector has made foreign investors less interested in controlling Indonesia, therefore urging the government to take action in overcoming this problem by realizing harmonization between regional and central regulations.