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deregulation

Businesses cautiously optimistic over Indonesia's economic reforms
Business 6 years ago

PREMIUM
Businesses cautiously optimistic over Indonesia's economic reforms

Business players, economists and observers welcomed the government’s sweeping regulatory reforms to liberalize the economy and stoke growth. However, many have said they would maintain caution as to whether the programs can be consistently delivered.
AmCham report highlights need for operational reform to attract investors
Business 6 years ago

AmCham report highlights need for operational reform to attract investors

AmCham Indonesia's newly published report on investing and doing business in the country recognizes the government's reform efforts while pointing out "operational issues" that still need addressing.
Jokowi concentrates licensing power at BKPM, orders ministers to revoke 40 regulations
Business 6 years ago

Jokowi concentrates licensing power at BKPM, orders ministers to revoke 40 regulations

President Joko “Jokowi” Widodo has instructed ministers to cut red tape for businesses and put the Investment Coordinating Board (BKPM) in charge of business licensing in a move to attract more investment.
Jokowi wants Trump-style deregulation in Indonesia
Business 6 years ago

Jokowi wants Trump-style deregulation in Indonesia

"For every regulation issued by a minister, they need to annul 40 ministerial regulations."
Businesses doubt coordinating ministers’ veto rights
Business 6 years ago

PREMIUM
Businesses doubt coordinating ministers’ veto rights

The government is struggling to improve the country’s business climate by carrying out deregulation efforts, among other things, in a bid to attract more foreign direct investment.
Ministry to revise 18 regulations to maximize trade, investment opportunities
Business 6 years ago

Ministry to revise 18 regulations to maximize trade, investment opportunities

Indonesia’s net foreign direct investment (FDI) inflows only accounted for 1.9 percent of GDP last year, compared to 11.8 percent booked by Cambodia and 5.9 percent by Vietnam.
Indonesia to further relax export procedures
Business 7 years ago

Indonesia to further relax export procedures

The government said it would ease procedures to boost exports, with the aim of bolstering the country’s current account, as the trade deficit was recorded at US$ 8.57 billion in 2018, the largest deficit since 1975.
Jokowi wants fewer regulations for a quick-thinking government
Business 7 years ago

Jokowi wants fewer regulations for a quick-thinking government

President Joko “Jokowi” Widodo once again warned ministers and local government leaders on Tuesday not to excessively issue regulations.
'Hospitality rules need revision; business becoming more costly'
Business 7 years ago

'Hospitality rules need revision; business becoming more costly'

The Indonesian Hotel and Restaurant Association (PHRI) has called on the government to deregulate the hospitality and tourism industry because existing regulations are no longer compatible with current conditions.
Indonesia promises speedier licensing, offers tax incentives
Business 8 years ago

Indonesia promises speedier licensing, offers tax incentives

Finance Minister Sri Mulyani Indrawati has said that the government will continue to reform its regulations and had offered incentives in an effort to boost investment.
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