From: AFPSingapore. Indonesia, India and the Philippines have Asiaâ€™s most inefficient bureaucracies, with red tape a blight to citizens and a deterrent to foreign investment, a new survey has said.
Regional financial centers Singapore and Hong Kong had the most efficient bureaucracies, according to a survey of expatriate business executives released by the Political and Economic Risk Consultancy on Wednesday.
PERC said President Susilo Bambang Yudhoyonoâ€™s failure to carry out reforms contributed to the resignation last month of respected Finance Minister Sri Mulyani Indrawati, who accepted a senior position at the World Bank.
â€śDespite President Susiloâ€™s strong election mandate, he lacks the power to really shake up Indonesiaâ€™s bureaucracy,â€ť the consultancy said.
Ranking 12 countries and territories on a scale of one to 10, with 10 the worst possible score, the business executives rated India as having the regionâ€™s most inefficient bureaucracy.
India had a score of 9.41, followed by Indonesia (8.59), the Philippines (8.37), Vietnam (8.13) and China (7.93).
Singapore was ranked as having the most efficient bureaucracy, with a score of 2.53, followed by Hong Kong with 3.49.
The International Finance Corporation, the investment arm of the World Bank, last year ranked Indonesia 122 out of 178 countries in its â€śEase of Doing Businessâ€ť survey. It cited red tape, confusing and conflicting regulations and difficulties acquiring land as the main problems.