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MACROECONOMICS

Indonesia prepares investment task force

Saturday, 04 November 2017 | Wahyu Tri Rahmawati

KONTAN.CO.ID - JAKARTA. The Indonesian government is now preparing “ease of doing business” task forces in both the central government and all regional administrations to help smooth the licensing process for those who want to invest money in regions across the country.

Coordinating Economic Minister Darmin Nasution said on Friday that in addition to the National Investment Acceleration Task Force, other task forces would be established in all ministries and all regional administrations.

"The task forces will be formed within two weeks. In ministries, the task forces will be led by secretary-generals, while in regional administrations, they will be led by regional secretaries," said Darmin in Jakarta on Friday as reported by kontan.co.id.

The task forces would address the sluggish pace of the licensing process in all levels of bureaucracy, said Darmin, adding that the task forces in ministries had to resolve the existing problems and to submit reports to the national task force.

Darmin said after all the task forces were established, the central government would issue technical guidance, which is enforceable in all bureaucratic levels, to change all existing licensing regulations, including the maximum length of licensing services.

In January next year, basic guidance will be included with the single-submission system that is to be implemented in April, Darmin said.

He added that the central government would hand out punishment to regional administrations that failed to accelerate its licensing services.

Source : The Jakarta Post

Reporter: Wahyu Tri Rahmawati
Editor: Wahyu Rahmawati
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