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15 May 2013

New permit policy in Jakarta

The Jakarta Post dated 15 May reports on a commitment by the governor of Jakarta to establish a special body to handle all investment permit-related processes under one roof, following complaints about the red-tape surrounding the setting up of a business. The Doing Business ranking of Indonesia is poor (128th) and particularly weak on "Starting a Business" (166th), a fact that the article does not mention, though it quotes other DB figures. Though welcome, this one-stop-shop only concerns one of the cities likely to attract foreign investment, but it will contribute to regulatory reform measures suggested by the October 2012 OECD review.

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