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Govt to accelerate 60 million MSEs identification process
In a media briefing in Surakarta, Central Java, Investment Ministry spokesperson Tina Talisa said around 1.5 million businesses had received a business identification number (NIB) since the start of the year.
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Shopping time: A buyer seen in the mirror examines products of micro, small and medium enterprises (MSMEs) exhibited in Werdhi Budaya Art Centre in Denpasar, Bali on May 13. The event was organized by the Finance Ministry and Bank Indonesia to promote Quick Response Code Indonesian cashless payments.
(Antara/Nyoman Hendra Wibowo)
The Investment Ministry has predicted that around 60 million micro-small enterprises (MSEs) will be digitized in the next few years as the government seeks to add more businesses to the formal sector in the domestic economy.
During a media briefing in Surakarta on July 5, Investment Ministry spokesperson Tina Talisa said that as of July 2, around 1.5 million businesses had received a business identification number (NIB) since the start of the year.
The total recipients had risen to around 5.5 million recipients since the program started, with 98 percent of the recipients comprising micro and small enterprises (MSEs).
“Indeed, [current recipients of] the NIB are dominated by micro and small business actors, not medium. Medium is the least portion, with micro forming the largest percentage. So that is the reason why we are trying to keep the number [of MSEs receiving the NIB] growing,” Tina told reporters.
The NIB is one of the main features of the Job Creation Law, where businesses are required to register as a means to streamline the licensing process through the online single submission system (OSS). In doing so, firms have better access to receive a Company Registration Certificate (TDP), Importer Identification Number (API) and customs access rights.
The government claims that the NIB would clear businesses’ burdens in dealing with the previously convoluted and prone-to-corruption bureaucracy.
Read also: Optimizing Indonesia’s G20 presidency to boost the MSME sector’s growth
