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Monday, 28 October 2019 00:00

Indonesia Reforms Five Sectors to Simplify Business

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Indonesia is one of the countries achieving the most improvements in a bid to make business easier. This is the result of the Business Ease index report released by the World Bank on Friday (10/25). Indonesia scored 69.6 out of 100 and ranked 73rd out of 190 countries. The rating did not change when compared to  the achievement  in 2019, although the value increased 1.64 points. In its report, the World Bank said that Indonesia had made improvements in five of the ten sectors that became the assessment indicators. This number is the second largest globally, equivalent to Myanmar, and only behind the People's Republic of China which makes improvements in eight sectors.

One indicator that is considered better in Indonesia is the ease of starting a business. Indonesia made improvements by introducing an Online Single Submission (OSS) which facilitates the acquisition of business licenses. Meanwhile, on the electrification side, Indonesia has increased its electricity supply capacity well. Improvements to the electricity network maintenance system are also carried out in order to increase the productivity of the business world.

On cross-border trade indicators, the World Bank considers Indonesia to further simplify this process by improving the online goods declaration system for exports. Another sector that gets a positive value is law enforcement of agreements or enforcing contracts. This can be seen from the emergence of an online case management system for judges. The World Bank also appreciates the development of the taxation system or aspects of paying taxes that apply in Jakarta and Surabaya. Indonesia makes tax payments easier by implementing an online filing and payment system for major taxes. This reform applies to Jakarta and Surabaya. In the aspect of trading across borders or similar cross-border trade, similar progress is also an added value for Indonesia. The World Bank views  that the cross-border trade in Jakarta and Surabaya is easier as the export customs declaration process uses an online system.

Read 1017 times Last modified on Friday, 01 November 2019 09:32