RI Still Behind on Ease of Doing Business

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  • TEMPO.CO, Jakarta - Indonesia ranks at number 114 on the World Bank's list of countries that are most business-friendly, or countries with high levels of doing business (EODB) for 2015. Despite climbing three places from the previous year, Indonesia is still far behind Malaysia and the Philippines.

    The Investment Coordinating Board (BKPM) said the condition is caused by the government's lack of attention to the aspects easy investing.

    BKPM's investment climate development director Farah Ratnadewi Indriani is hoping for some cooperation between institutions and agencies that focus on improving EOD indicators, which include steps to start a business, dealing with construction permits, getting electricity, and property registration.

    Other indicators include access to credit, protecting minority investors, paying taxes, cross-border trading, contract enforcement, and resolving insolvency.

    The BKPM has made efforts to improve some of the mentioned indicators, such as by cutting down on investment procedures and bureaucracy, and accelerating the license process time. In addition, the board has simplified the steps to start a business by establishing a one-stop integrated service (PTSP) system in January.