PT PINDAD INVESTMENT POST OMNIBUS LAW CREATION IN SUPPORTING DEFENSE ECONOMY

PT Pindad (Persero) is a state-owned Indonesian defense industry engaged in military and commercial products. The purpose of the establishment of the state-owned defense industry PT Pindad is to provide the defense equipment needs independently to support the implementation of the defense and security of the Republic of Indonesia. The capital investment and realization of PT Pindad (Persero)'s income in the last five years in achieving its income has always increased. For this achievement, PT Pindad's revenue from 2016-2020 always increases. However, the achievement of PT Pindad's revenue is still below the target set in the Company's Work Plan and Budget (RAKP). This study uses a qualitative method, namely to study events and is used in research. The aim is to analyze the defense program in the Jokowi administration era. By using primary data and secondary data, The results of the study show that the Omnibus Law on Job Creation regulates investment regulations. This Job Creation Law brings reforms to national investment in order to increase the efficiency and effectiveness of the national industry as well as competitiveness. The Job Creation Law seeks to create an investment climate that is able to ensure the survival of SOEs and supports the development of Indonesian SOEs
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