The main challenge Indonesia faces is not a lack of regulation, but\nthe large number of overlapping and frequently changing rules that\nundermine investor confidence,Jakarta (ANTARA) - Indonesia\u2019s\nderegulation task force can help foster a more investment-friendly\nclimate by simplifying overlapping regulations and improving\nbureaucratic efficiency, according to an economist.<\/p>\n
M. Rizal Taufikurahman, Head of the Center for Macroeconomics and\nFinance at the Institute for Development of Economics and Finance\n(Indef), observed that Indonesia\u2019s investment appeal in Southeast Asia\nhinges not only on fiscal incentives but also on its cumbersome\nregulatory and bureaucratic procedures.<\/p>\n
Speaking to ANTARA from Jakarta on Monday, he noted that the country\nurgently needs to resolve regulatory issues that have long hindered the\nbusiness sector.<\/p>\n
He added that the deregulation task force is expected to tackle these\nproblems and significantly strengthen the national investment\nclimate.<\/p>\n
Rizal emphasized the importance of making permit processes more\naccessible and improving coordination among ministries and state\ninstitutions, which could support job creation and industrial\ngrowth.<\/p>\n
However, he warned that the task force must pursue genuine structural\nreform rather than short-term symbolic administrative measures.<\/p>\n
\u201cIt is vital that the government ensures the task force has strong\nauthority, measurable targets, transparent regulatory evaluations, and\nactive involvement from business players and regional stakeholders,\u201d he\nsaid, stressing the importance of avoiding a Jakarta-centric\napproach.<\/p>\n
He also stated that deregulation should go hand in hand with stronger\noversight, environmental protection, and legal certainty to prevent\nexcessive liberalization.<\/p>\n
\u201cThe main challenge Indonesia faces is not a lack of regulation, but\nthe large number of overlapping and frequently changing rules that\nundermine investor confidence,\u201d he concluded.<\/p>\n
Earlier, President Prabowo Subianto instructed State Secretariat\nMinister Prasetyo Hadi to oversee the formation of the task force,\nurging greater efforts to simplify business-related administrative\nprocedures.<\/p>\n
Prabowo described deregulation as essential not only for attracting\ninvestment but also for preventing corruption, which he believes often\narises from overly complicated regulations.<\/p>\n
Related news: President Prabowo orders task force to speed up\nderegulation efforts<\/p>\n
Translator: I. Silfia, Tegar Nurfitra<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesias-deregulation-push-seen-as-key-to-boost-investment-1780909823", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }