VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan admitted that Indonesia is the most complex country to do business, and this led the government to make a breakthrough through Job Creation Law.

Luhut quoted a report from the consultancy and research institute, TMF Group, about the Global Business Complexity Index (GBCI) which placed Indonesia as the most complex country for doing business out of 77 other countries.

"If you look at the survey, Indonesia is a very complicated country to do business. We are honest about this. This is also the reason behind the Omnibus Law," he said when delivering a speech at the Tri Hita Karana Forum Dialogue Cloud Event "Indonesia Omnibus Law For a Better Business Better World "virtually in Jakarta, Monday.

Luhut explained that although over time Indonesia's Ease of Doing Business (EoDB) ranking had increased, the number of business procedures still showed a stagnant value and was more complicated than other ASEAN countries.

Therefore, the Job Creation Law is a breakthrough for the government to overcome complicated regulations and permits.

"Currently, business licensing will be carried out on a risk-based basis. With the Omnibus Law, the government aims to create a better business in Indonesia, so business establishment becomes easier, and in the end, it will open up jobs," he said.

Even though the Omnibus Law had brought controversy and rejection from the community, Luhut argued that now the community is calmer and more receptive after the law material could be seen directly.

"Currently, the Omnibus Law is in the finalization stage and will be implemented in February 2021. Through the Omnibus Law, the government can improve the investment climate in Indonesia, simplify investment requirements, carry out tax reforms, and encourage international trade," Luhut said.

Tri Hita Karana Forum Partners Dialogue: Indonesia New Omnibus Law for Better Business Better World was attended by representatives from various member companies of the International Chamber of Commerce.

Apart from Luhut, Deputy Chairman of the MPR Lestari Moerdijat; Minister of Environment and Forestry Siti Nurbaya Bakar; and Minister of ATR / BPN Sofyan Djalil also attended the event.

Meanwhile, the foreign representatives attended were IG Patel Professor and Chair, Grantham Research Institute on Climate Change and Environment, London School of Economics / NCE Lord Nicholas Stern; Director, DCD OECD Jorge Moreira da Silva; Country Director Indonesia and Timor Leste World Bank Satu Kahkonen; Secretary-General, International Chamber of Commerce John Denton; and Senior Vice President Asia, Conservation International Richard Jeo. (Antaranews)