JakartaGlobe-Aug 10

Indonesia has launched a risk-based online single submission system for business licensing on Monday, a long-delayed milestone that the government had hoped would improve the ideas of doing business in the country and boost investment. “Business licensing that is integrated, fast, and simple, determine our competitiveness to attract investment,” President Joko “Jokowi,” Widodo said during an inauguration event for the Risk-Based Online Single Submission (OSS) System at the Ministry of Investment and Investment Coordinating Board office in Jakarta on Monday. The World Bank’s “Ease of Doing Business 2020” report ranked Indonesia at 73rd place out of 190 countries regarding ease of doing business. That was a result of drastic improvements since 2015, when the country only ranked 103rd. But reform had stagnated in the past two years, making Jokowi missed its 40th place target by the end of his first term. 

Read more at: https://jakartaglobe.id/business/jokowi-launches-simplified-business-licensing-system-to-boost-investment