Fri, 08 Jan 2016

Indonesia hopes its "Ease of Doing Business" ranking would be in the double digits in 2016.

"The countrys target is to ensure that its Ease of Doing Business ranking in 2016 is in double digits, as it will significantly impact the investment climate in Indonesia," head of Investment Coordinating Agency (BKPM), Franky Sibarani, said at a press conference on "Investment Projection in 2016" here on Friday.

The World Bank, in a report released in October 2015, had increased Indonesias ranking to 109 from 120 out of 189 countries surveyed by the bank.

Indonesia's position rose by 11 ranks based on a survey conducted by the World Bank from June 2, 2014 to June 1, 2015 at two locations, namely, Jakarta and Surabaya (the capital of East Java).

He said creating an alluring investment climate was indeed one of the steps for which the BKPM made efforts to achieve the investment target of Rp594.8 trillion in 2016.

He said the BKPM is currently finalizing an Investment Manual which will be a legal reference to assure investors of business certainty in Indonesia. This manual is to be issued in the month of April this year.

"We hope that by the end of March or early April, it would have been finalized," he said.

Franky said he would give notes to 18 ministries and two regional governments with regard to improving the Ease of Doing Business in the country.

"Next week or, at the latest, by the end of this month, we will coordinate to improve our Ease of Doing Business ranking. We have 19 notes to be given to 18 ministries and two regional governments," he said.(*)