TheJakartaPost
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The 12 economic policy packages launched by the government recently are yet to effectively increase business competitiveness, investments and job creation, an economist has said. As usual, the devil is in the implementation.
The pendulum swings between positive expectations and doubt surrounding the practicality of implementation. It is not the number of policy packages that matter, but whether these policies can be effectively implemented and will facilitate higher economic growth.
The 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.
The government is cutting the tax on real estate investment trusts (REITs) to boost local use of the financial mechanism that employs commercial properties like malls, hospitals, warehouses, hotels and office buildings as underlying assets.
Investors can now build their plants in industrial zones directly after receiving the principle permit issued by the investment-license facility in the industrial estates, as stipulated in the second economic policy package.
