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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.
Business 6 years ago
PREMIUM
Reforms to boost economy taking shape
The new regulations would open up sectors previously closed for foreign investors in by revising the negative investment list, streamline all business licenses under Investment Coordinating Board (BKPM) and relax taxes for corporate income, expatriates, dividends – among others.
Business 6 years ago
Greater role for BKPM as it takes over all business licenses
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.
Business 7 years ago
Minister admits online single submission system hasn’t worked yet
Coordinating Economic Minister Darmin Nasution admitted on Friday that the government had not been able to implement the online single submission (OSS) yet, although initially he said it could have been implemented since late last month.
