Indonesia hopes ranking in doing business to be double digit

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.(*)