Indonesia launches online push to streamline investment permits

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JAKARTA : Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy.President Joko Widodo has vowed to overcome lingering hurdles such as re

JAKARTA : Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy.

The"Online Single Submission" oss.go.id website will process investment proposals based on the level of risk, with lower risk investments needing only to register and medium ones to meet national standards. The website is part of a controversial Job Creation law https://www.reuters.com/article/us-indonesia-economy-law-idUSKBN26Q1TM, which passed last year despite protests from unions, environmentalists and other critics who view it as too pro-business.

The website gives Jokowi's new investment ministry greater authority so that it can intervene when local authorities take too long to respond, officials say.

Source: News Formal (newsformal.com)

 

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