World Bank: In the Last Year, Indonesia Has Performed 5 Reforms for Ease of Business
The Doing Business 2020 report released by the World Bank said that Indonesia was ranked 73 out of 190 countries about the ease of doing business.
World Bank Senior Economist, Arvind Jain said, Indonesia itself has carried out 5 updates or reforms in the ease of doing business, call it the matter of construction licensing and licensing to start a business.
Indonesia also uses an online system for tax matters so that payment and archiving is much easier.
Furthermore, cross-border trading has also become easier with the online system. Because, Indonesia has increased online customs processing in Surabaya and Jakarta. The result, can save time from 63 hours to 56 hours.
Specifically, Indonesia ranks 140th for starting a business, 110th for construction permits, 33rd for electrification, and 106th for property registration.
The 73rd place puts Indonesia far higher than the Philippines in 95th place. While Vietnam is ranked 70th, Thailand is 21st, Malaysia is 12th, and Singapore is 2nd.
Singapore continues to be the second-ranked economy based on ease of Doing Business ranking for four consecutive years.
Meanwhile, the lowest ranked economies in the East Asia and Pacific Region are Kiribati (164), Myanmar (165) and Timor-Leste (181). (*)
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