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Govt urged to issue regulations to support stimulus packages
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Coordinating Economic Minister Darmin Nasution explains the government's second economic stimulus package at a press conference at the State Palace in Jakarta last year. (setkab.go.id/setkab.go.id)
T
he government should immediately issue all necessary regulations to allow its 12 economic stimulus packages to be fully implemented, Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan P. Roeslani says.
“The incentive for electricity usage late at night, for instance, has yet to be implemented effectively,” Rosan said in Jakarta on Thursday.
Starting in September last year, the government has issued 12 economic policy packages to boost the business climate and attract investment, including by cutting red tape and providing incentives for certain sectors. These efforts are expected to stoke growth in the country’s economy, which slowed to a six-year low of 4.79 percent in 2015.
As of May this year, the government has completed 194 of the total 203 regulations required to support its packages, including both new and revised rules. “The regulations are needed as those policies need a legal basis,” Rosan said.
Meanwhile, Kadin recently submitted evaluation materials for all the packages to the government to ensure a clearer framework.
Rosan said that Kadin had in its evaluation particularly praised a policy to provide three-hour licensing services for new investors in special economic zones and the revision of the negative investment list (DNI) to allow for more foreign ownership in select sectors, which he said had had immediate and concrete benefits for businesspeople. (vps/est)
