Jakarta, Aug. 29 -- The Ministry of Youth and Sports is collaborating with the Ministry of Investment and Downstream Development to improve business licensing and investment development in the sports sector.

"To support national economic growth, we aim to shift the perception of sports from a cost center to a revenue opportunity," Minister of Youth and Sports Erick Thohir said in Jakarta on Friday (August 28).

His statement is related to the signing of a memorandum of understanding (MoU) with the Ministry of Investment and Downstream Development on investment in sports.

According to Thohir, his office also plays a role in driving the national economy through investment in sports. Therefore, an expedited licensing process for sporting e...