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New package to improve ease of doing business
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President Joko Widodo and Vice President Jusuf Kalla lead plenary Cabinet meeting at the President's office in Jakarta on Nov. 2, 2015. (the jakarta post/Wienda Parwitasari)
T
he government is working on its latest economic policy package. The package will focus on improving the ease of doing business as part of efforts to deregulate Indonesia’s economy, an official at the Office of the Coordinating Economic Minister has said.
Edy Putra Irawady, deputy coordinating economic minister for trade and industry, said the forthcoming package was aimed at raising people’s purchasing power, increasing industrial competitiveness and strengthening export commodities.
"We will focus on one point: how to improve the ease of doing business," he said after a seminar on economic policy packages in Balikpapan, East Kalimantan, on Wednesday.
As previously reported by kompas.com, Coordinating Economic Minister Darmin Nasution promised to release the twelfth economic policy package after President Joko Widodo visited Europe.
Edy argued that red-tape problems as well as certification and other bureaucratic issues continued to hinder small and medium-sized enterprises (SMEs) from doing business. The coming package is expected to solve these issues.
He further said the upcoming package would build upon previous ones on SMEs and export-oriented business loans.
However, Edy acknowledged that the packages issued over the last 10 months were often constrained by details and there were often problems in implementing them in the field, especially among regional governments. (ags)
