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View all search resultsPresident Joko “Jokowi” Widodo has signed Presidential Regulation (Perpres) No. 24/2020 to allow Investment Coordinating Board (BKPM) head Bahlil Lahadalia to have five new expert staff members and five new specialized staff members on top of six deputies.
The government has gone all out in luring investment to Indonesia as part of its efforts to revive the country’s manufacturing sector and improve its export performance to spur economic activity amid looming external risks.
The change will grant greater authority to BKPM head Bahlil Lahadalia, who was also assigned to simplify the licensing process so that Indonesia could improve its Ease of Doing Business (EODB) ranking. On top of these efforts, Jokowi has targeted 40 ministerial regulations thought to hamper investment to be revoked by December.
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.
Indonesia's ranking in the World Bank’s 2020 Ease of Doing Business index has remained stagnant at 73rd out of 190 countries despite the government’s deregulation efforts and policy reform.
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