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View all search resultsLicensing procedures must be simplified to compete in AEC: Kadin
As ASEAN member countries compete to attract investors following the implementation of the AEC, the Indonesian government needs to simplify licensing procedures to improve its investment climate, the business community says.
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Toward a single market: The AEC, which took effect on Jan.1, aims to integrate the diverse economies of Southeast Asian countries. Manpower Minister Muhammad Hanif Dhakiri said on Thursday that Indonesians should not worry about the influx of foreign workers into the country following the implementation of the AEC.
(Antara/-)
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As ASEAN member countries compete to attract investors following the implementation of the AEC, the Indonesian government needs to simplify licensing procedures to improve its investment climate, the business community says.
Indonesia’s main competitors within ASEAN in attracting investors are Vietnam and the Philippines, said Indonesian Chamber of Commerce and Industry (Kadin) vice chairman Antonius Joenoes Supit, adding that Myanmar will soon become another potential competitor.
"We should pay attention to Myanmar, after Aung San Suu Kyi's party won they are easing their policies. Now foreigners can buy apartments and in the future foreign companies may be able to buy land," Antonius told thejakartapost.com on Thursday.
President Joko "Jokowi" Widodo needs to consistently implement his plan to revise about 400 regulations to help achieve his target of moving the country up from 109th place to 40th in the World Bank’s ease of doing business rankings, he added.
“People have to go through 13 procedures, which takes an average 47 days, to start a new business here," he said.
Regarding the type of investment, Antonius said that Indonesia should focus on labor-intensive technological investment. "Samsung in Vietnam exported US$ 40 billion, but we need to focus on the labor intensive side," Anton said. (bbn)
