7 Sept 2017
INDONESIA: New Economic Policy Package Set to Streamline Investment Procedures
A one-stop shop for all of the business licences and permits, along with greater transparency with regards to costs and processing time, as well as an expedited service, are all said to form part of the country’s 16th Economic Policy Package (EPP). The Package is also said to include plans for better coordination between various government ministries and regional authorities with regard to the issuance of business permits, as well as details of the proposed shift from the current manual arrangements to an online licence processing system.
The moves come in the wake of continuing criticism of many regional authorities for their failure to properly implement a number of the government’s investment policies. The new Package was first announced on 31 August, with further details expected later in the year.