JAKARTA. The government has unveiled a 12th economic stimulus policy package containing 10 points aiming to facilitate starting small and medium enterprises ( SMEs ). President Joko "Jokowi" Widodo said the latest deregulation package aimed to achieve the goal of boosting Indonesia’s place in the World Bank's Ease of Doing Business rankings from 109th at present to 40th. In the 10 policies, the government has condensed 94 procedures into 49. "This will help the entire business world, especially SMEs, to start businesses," Jokowi said in Jakarta on Thursday, adding that the time required to start a business had been cut to 132 days from 1,566 days, while the required permits had been cut from nine to six.
Jokowi publishes points on ease of doing business
JAKARTA. The government has unveiled a 12th economic stimulus policy package containing 10 points aiming to facilitate starting small and medium enterprises ( SMEs ). President Joko "Jokowi" Widodo said the latest deregulation package aimed to achieve the goal of boosting Indonesia’s place in the World Bank's Ease of Doing Business rankings from 109th at present to 40th. In the 10 policies, the government has condensed 94 procedures into 49. "This will help the entire business world, especially SMEs, to start businesses," Jokowi said in Jakarta on Thursday, adding that the time required to start a business had been cut to 132 days from 1,566 days, while the required permits had been cut from nine to six.