Tue, 27 Oct 2009
From:
JAKARTA -(Dow Jones)- The Indonesian government is determined to cut the time needed to start a business in the country, a minister said Tuesday.

"Indonesia recognizes the importance of implementing administrative reforms to support private-sector development," said Minister of Justice and Human Rights Patrialis Akbar at a seminar.

Akbar, however, didn't elaborate on the specific measures to achieve the aim.

Currently, it takes around 60 days to launch a business. Investors have been complaining for years about having to pass through layers of red tape to get such a permit.

The World Bank said Monday that initiatives, such as creating a single investment agency, are key to boosting Indonesia's economic growth.



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