Indonesia launches online push to streamline investment permits

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy.

President Joko Widodo has vowed to overcome lingering hurdles such as red tape, rigid labour laws and poor infrastructure in his second term to compete with neighbours such as Vietnam and Thailand to attract foreign investment.

"We want our investment climate to become more conducive ... to increase investors' confidence, to create jobs and become a solution to the problem of rising unemployment because of the pandemic," Jokowi, as the president is popularly known, said during the website's launch., which passed last year despite protests from unions, environmentalists and other critics who view it as too pro-business.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hi

Singapore Singapore Latest News, Singapore Singapore Headlines